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Energy services company Manoa, Wednesday warned business in South Africa to prepare for a series of steep electricity tariff hikes that is expected to hit the country until 2015. According to the Department of Energy's latest Integrated Resource Plan (IRP) which details the country's long-term energy generation and usage prospects, the price increases...
As the new chair of ASEAN, Indonesia said it would remove all legal barriers toward the establishment of the ASEAN Economic Community (AEC) and would ensure all member countries were ready for broader integration in 2015, the Jakarta Post quoted a minister as saying on Wednesday. Trade Minister Mari Elka Pangestu said Tuesday that currently the realizat...
China's gross domestic product (GDP) growth is expected to surpass 10 percent in 2010, and the growth of the consumer price index (CPI) is likely to have hit 3.3 percent, China Securities Journal reported Tuesday, citing estimations from the economists. According to the report, China's GDP surged 10.6 percent in the first three quarters of 2010, and t...
NEW YORK - The appreciation of the Chinese currency, the yuan, would not be a great help in reducing the US trade deficit and creating jobs, a Chinese economist said in New York Monday. Yao Yang, director of the China Center for Economic Research (CCER) at Peking University, made the remarks at a forum titled "China's economy in 2011: Forecast and Anal...
BEIJING - PetroChina Company Limited, China's largest oil producer, announced on Monday that its subsidiary has entered into a framework agreement with subsidiaries of INEOS Group Holdings plc for a new trading and refining joint venture in Europe. The agreement was signed between PetroChina International Company Limited, a wholly-owned subsidiary of P...
BEIJING - China didn't witness large amounts of "hot money" flowing into the domestic market and the pressure of a speculative capital influx should not be exaggerated, said a senior official at the State Administration of Foreign Exchange (SAFE) in an article published on Monday. "Most of the cross-border capital inflows to China have a genuine trade ...
China needs to transform its economic growth pattern and the next 30 years will be vital for the transition, a visiting Chinese economist said here on Monday. "China needs to transfer its development pattern from scale dividend into productivity and institutional dividend," Qin Xiao, chairman of Boyuan Foundation and former head of China Merchants Group...
Residents in a Chinese city boasting of its entrepreneurship are allowed to invest overseas as individuals in a pilot scheme that authorities say will help manage the burgeoning capital flow in the private sector. The city of Wenzhou, in the eastern Zhejiang Province, will allow adult residents to invest up to 3 million U.S. dollars in a single project ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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