You are here: Home / Archives for roel

Global trading was the major focus during premiers meeting

July 27, 2011 By roel Leave a Comment

During the yearly premiers meeting, the Council of Federation, global trading was the center of discussion. The focus and all the talks were directed towards global trading. This was the topic for a meeting that lasted for three days.

Premier Brad Wall stated that the fast growing Asian market is really incredible and the door of Saskatchewan is wide open for all these countries. The place is also willing to share their resources and all. These pieces of information are from the News Talk Radio.

According to Wall, Saskatchewan is very abundant in natural resources and also very rich in all kinds of agricultural products, as well as in terms of technology, the place can definitely provide all of these. In addition, Wall also said that Saskatchewan, specifically, can make some agreements and trades with Asian countries like China and India.

Wall also said that the exponential growth of the market in Asia was talked about during the said meeting.

Filed Under: Global trading Tagged With: , ,

Walmart threatens other retailers

July 6, 2011 By roel Leave a Comment

Although Walmart’s plans are still not known to a lot of people but they have already acquired a property at the Empire Center.

The largest retailer in the whole world, Walmart, just acquired a 12-acre property last June. This said property is also where people could find Great Indoors store at the Empire Center, which is a home to a Target store and also other big box retailers.

A Walmart spokesman refused to comment whether the company plans a supercenter, which means that it would be operating 24/7 and would need more or less 350 people, or maybe they would just opt for a smaller store.

Even the city officials still do not have any idea as to the future plans of Walmart.

This area is perfect for another Walmart since they have very minimal presence in the area north of Los Angeles.

For Burbank, having a Walmart in the area could mean a lot of advantages and one of these is an influx of tax revenue. On the other hand, other retailers like Target would see this move as a threat.

Filed Under: Global Growth Generators Tagged With: , ,

China’s ports will stay number one

July 4, 2011 By roel Leave a Comment

According to an outlook report by the Chinese Academy of Sciences, China’s ports will remain the busiest in the whole world for 2011. This will be the case even if the economic recovery in the U.S. and the European Union is very slow and will probably affect container volume growth.

The same report suggested that the global container volumes will rise continuously this 2011 but the increase will be smaller than last year’s.

The top 20 ports in the world will have an average growth of 8.5 percent and 10.3 percent these numbers are definitely smaller than last year’s increase which is a very impressive 15.2.

The Dalian port in China is expected to be the 20th largest port in the whole world this year, and aside from Dalian, nine other Chinese ports would also be included in the top 20, which is really amazing. The other rankings are just the same.

Filed Under: Global economy Tagged With: , ,

White House calls for intensified export efforts to heighten economy

June 29, 2011 By roel Leave a Comment

President Obama’s administration emphasized the importance of having strong export efforts for the recovery of their economy and also for competitiveness on a global scale.

President Obama also stated that the federal government should find ways and means to promote U.S. exports and other products. The President also noted that it is also very important for them to implement trade agreements and work to make certain that businesses in the United States can compete with other businesses in the word. The country should also be very consistent with global trading rules according to the 2011 National Export Strategy released by the U.S. Commerce Department.

The President also pointed out the value of the National Export Initiative to increase U.S. exports towards the end of 2014, which was actually announced by the Obama administration.

The U.S., being one of the most powerful countries in the world in terms of economy is now in a very slow pace and the administration is really doing their best to heighten their efforts in developing their economy through investments and exports.

Filed Under: Global trading Tagged With: , ,

President Yudhoyono of Indonesia, first Asian head to join the campaign of UNWTO/WTTC

June 26, 2011 By roel Leave a Comment

President Susilo Bambang Yudhoyono of Indonesia is the very first Asian head of state to take part in the World Tourism Organization (UNWTO) and the World Travel and Tourism Council (WTTC) Global Leaders for Tourism Campaign.

Taleb Rifai, the UNWTO Secretary-General gave President Yudhoyono, as part of the Global Leaders for Tourism Campaign, an open letter setting out all the positive outcomes that are being offered by tourism and these are economic, development, as well as environmental opportunities.

While accepting the letter, President Yudhoyono conveyed Indonesia’s willingness to get the most out of the increasing importance of the role of tourism in a country. In fact, Indonesia has seven million tourists and US$7 billion in receipts last year.

This said campaign by the UNWTO and WTTC has already received the full support of the leaders and Presidents of a number of countries, like Mexico, South Africa, Kazakhstan, and Hungary. The campaign also highlights tourism as the largest generator of sustainable enterprises and great jobs.

Filed Under: Global Growth Generators Tagged With: , ,

World Trade Organization credibility at risk, cautions US trade negotiator

June 24, 2011 By roel Leave a Comment

According to a U.S. ambassador the deadlocked negotiations for a global trade treaty are threatening the reliability of the World Trade Organization or WTO.

The long-stalled Doha round is still very far from arriving to a goal or agreeing even on a scaled-back treaty that would center on the needs of some poor states. The negotiators just agreed to keep on negotiating and talking about the Doha round for one more month and then the group would then consider all the possible options.

Ten years of non-stop negotiations in the 153-member WTO have failed to close an agreement that could produce billions of dollars and lessen poverty by freeing up trade in some goods and services.

There was a deal that was proposed by Mr. Pascal Lamy, WTO chief, last May requiring all affluent countries to do what they have promised last 2005 to trim cotton subsidies, import most of the goods duty-free from all the less fortunate countries and make the rules for exporters easier in poor countries.

Filed Under: Global trading Tagged With: , ,

Global economic hold back just a lull

June 22, 2011 By roel Leave a Comment

At the moment, with the end of QE2 threatening in the U.S. and some concerns about a sovereign debt default in Greece arriving at a fevered pitch, the global economy is somewhat holding back.

However, according to the chief economist with HIS Global Insight, Nariman Behravesh, there is still hope. He is actually just calling the current economic problems as a momentary lull in the global expansion, and he said this can still be turned around.

The HIS has downgraded its global outlook for this year mainly on downward revisions to the Japanese and the U.S. economic predictions. But then again, Mr. Behravesh believes that all of these are not permanent.

In fact, Japan’s economy is already showing signs of life and the United States’ first half growth appears to be on track for approximately 2%, but Mr. Behravesh is looking ahead and expects the figure to rebound to 3.5% in the next half of the year.

Filed Under: Global economy Tagged With: , ,

China’s May oil demand stays solid

June 15, 2011 By roel Leave a Comment

China’s May oil demand ranked number one in terms of the nine million barrel-per-day mark for the seventh consecutive month. This scenario suggests that the demand is increasing even if the growth of the world’s second largest economy is dawdling.

According to Reuters calculations which is based on the preliminary government reports showed that just last month’s oil demand already totaled to 9.27 million barrel-per-day, while last April’s was 9.36 million bpd, slightly higher, and March’s 9.15 million bpd.

Refineries in China processed 38.47 million tons of crude oil last month. This is equivalent to nearly 9.06 million bpd, the third highest rate ever recorded.

Some of the analysts said that China’s oil needs may slow down a little because of the moderation of the growth of their economy.

China has actually requested two of the oil giants, China National Petroleum Corp and Sinopec Group, to expand their commercial oil storage facilities to answer to the domestic supply even if they are still in the middle of fluctuations in terms of international oil prices.

Filed Under: Global Growth Generators Tagged With: , ,

WEF on East Asia

June 14, 2011 By roel Leave a Comment

The World Economic Forum or WEF on East Asia ends with agreement to attain sustainability for Global recovery.

The WEF on East Asia was held in Jakarta, Indonesia ended with an understanding among all the participants to achieve inclusiveness and sustainability.

Abhisit Vejjajiva, Thai Prime Minister, said in his closing remarks that in order for the whole world to respond to globalism then countries need to understand that they have to find solutions, like achieving global cooperation and coordination.

Prime Minister Abhisit Vejjajiva also mentioned that East Asia, in fact, plays a very significant role to make all of these things happen. The significant economic growth in the area should mean that the region wants to have a more important role when it comes to global affairs.

The director general of the World Trade Organization or WTO, Pascal Lamy, also said that other areas could, actually, learn a lot from the success story of East Asia.

He also told the audience that with technology progress, economic integration could be done.

Filed Under: Global trading Tagged With: , ,

China took the place of US as the world’s largest energy consumer

June 13, 2011 By roel Leave a Comment

Now, China is the largest energy consumer in the whole world, taking over the number one spot from the United States of America. Between 2009 and 2010, China’s energy consumption increased by 11.2 percent, this is said to be the highest for any country in the world. And according to the Statistical Review of World Energy, India also recorded a 9.2% increase in their own energy consumption which is not so far behind China’s.

According to the report that was released by the petroleum giant, BP, this year, the years 2009 and 2010 were considered as energy-hungry years. This was the period when the world saw the global oil went up to 2.7 million barrels per day.

China as well as India increased during the period of 2009-2010, China by 10.1% and India by 10.8%. Just last year China consumed 48.2% of the world’s coal which is equivalent to almost two-thirds of the global consumption.

Filed Under: Global Growth Generators Tagged With: , ,
« Older Posts