Market liberalization is not enough to lower food prices

Liberalizing the entry of agricultural products into the country is not enough to lower food prices, an economist said, adding that the government should support small and medium importers to promote competition. B-SAFE project leader Winrock International and University of the Philippines economist Ramon Clarete said at a virtual forum hosted by the Philippine Competition Commission (CPC) and the Association ...

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Suga firm support rate hits 35.9% low ahead of Olympics

Prime Minister Yoshihide Suga’s approval rating has fallen to 35.9%, the lowest level since taking office last year, a Kyodo News poll found on Sunday, adding to signs of public discontent in the face of the government’s determination to organize the Tokyo Olympics despite the coronavirus. pandemic. The disapproval rate rose to 49.8%, the highest on record for the Suga ...

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Clothing manufacturers want to open factories from July 31

There are only two days left for Eid-ul-Azha, the second largest religious holiday for Muslims. However, the Eid holidays began at many garment factories across the country from Sunday, July 18. We have learned that factory owners give workers leave in phases. In many cases, it has been reported that workers’ leave is adjusted with government leave. Workers will have ...

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High shipping costs weigh on the economy

It cost John Logue about $ 6,600 to ship a container of hazardous chemicals from Shanghai to Chicago. Now the CEO of the Royale Group is paying up to $ 29,000 – and that’s if he’s lucky enough to find space on one of the most sought-after freighters plying the Pacific trade routes. Logue’s headaches at sea are mirrored on ...

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Government lacks political will to operationalize the Komenda sugar factory – Former member of the board of directors

The government headed by President Nana Addo Dankwa Akufo-Addo lacks the political will to operationalize the former Komenda sugar factory in the Komenda-Edina-Eguafo-Abrem municipality of the central region. Mr. Ransford Chatman Vanni-Amoah, former Secretary of the Board of the Komenda Sugar Factory said that the non-functioning of the factory was a ploy to thwart the presidential ambition of Mr. John ...

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Evers and Steil Attend Grand Opening of Nexus Pharmaceuticals Pleasant Prairie Manufacturing Plant | Business

Nexus CEO Mariam Darsot cuts the ribbon during Friday’s opening ceremony for the pharmaceutical plant in Highlands Corporate Park. Present for the event were US Representative Bryan Steil, Pleasant Prairie Village President John Steinbrink, State Representative Samantha Kerkman, CEO of Wisconsin Economic Development Corp. Missy Hughes and Governor Tony Evers. Village of Pleasant Prairie photo For Kenosha News PLEASANT PRAIRIE ...

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The government implements its economic stability program: Dawood

SIALKOT, July 17 (APP): The Prime Minister’s Trade and Investment Advisor Abdul Razak Dawood said the government was carrying out its economic stability program. He was addressing a meeting of exporters at the Sialkot Chamber of Commerce and Industry (SCCI) on Saturday. SCCI President Qaisar Iqbal Baryar, Senior Vice President (SVP) Khurram Aslam Butt, Vice President (VP) Ansar Puri, Chairman ...

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Exclusive news and research on the wine, spirits and beer sector

Senate Majority Leader Unveils Bill to End Cannabis Ban July 15, 2021 Senate Majority Leader Chuck Schumer, along with Senators Cory Booker and Ron Wyden, yesterday announced their bill to deprogram cannabis at the federal level. Called the Cannabis Administration and Opportunity Act, the legislation remains in draft form and will be circulated to Senate Democrats for comment and revisions ...

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Northam Announces Return of Xaloy to Virginia and Reopening of Pulaski Manufacturing Plant

RICHMOND — Governor Ralph Northam today announced that Xaloy, a leading manufacturer of plastic processing components for injection and extrusion machines, will move its barrel manufacturing plant from Ohio to Virginia and will reopen its old factory in Pulaski County. The company will invest $ 1.75 million in its 100,000 square foot, 30 acre site at 102 Xaloy Way in ...

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Along with the PLI program, the government should focus more on FTAs, the successful implementation of MITRA: director of CRISIL

Textiles are important to India’s $ 313 billion merchandise exports. The sector is also an important generator of jobs. Although India faces fierce competition from Vietnam and Bangladesh, which do better than us in cotton yarn and ready-to-wear garments (RMG), our country is in a favorable position with China. facing a global political backlash. However, capitalizing on this opportunity would ...

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Tokyo government backtracks merchant pledge not to sell alcohol to restaurants

An example of the pledge form that is submitted when applying for financial assistance from the Tokyo Metropolitan Government (Screenshot taken from the Tokyo Metropolitan Government website) TOKYO – The Tokyo Metropolitan Government has ordered liquor dealers to submit signed pledges that they will not do business with restaurants that violate its demand to stop serving alcohol if they wish ...

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Biden signs EO contest, granting repair rights to consumers

Last week, President Biden issued an executive order promoting competition in the US economy. As a partner, Elizabeth Haas, points out, the antitrust implications are considerable. Of the 72 different initiatives of the OE, the question of the future of the “right to repair” will have an impact on manufacturers. In the fact sheet accompanying President Biden’s OE, the White ...

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Provide finance to supply chains

Recently, new forms of supply chain finance such as reverse factoring have emerged as cheaper alternatives to traditional letters of credit and factoring in international trade finance. The key innovation of reverse factoring is that in reverse factoring transactions, a large creditworthy importer (eg, Walmart) initiates its own program with its international bank (eg, Bank of America). The international bank ...

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Business groups: Repeal of 12% VAT on local purchases by exporters

MANILA, Philippines – Business groups want the Bureau of Internal Revenue (BIR) to repeal the imposition of 12% value added tax (VAT) on local purchases by exporters and indirect exports, claiming its implementation implementation could lead to job losses and discourage investment in the country. In an online press conference, the business groups, consisting of the Information Technology and Business ...

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CEO of Virtu: retail investors have never done better

Many are urging the SEC to consider changing the rules governing the routing of order flows, improving disclosure requirements and revamping the compensation of market participants for the services they offer, according to Doug Cifu, CEO of Virtu Financial. However, he expressed concern that the growing intensity of calls for reform is not only based on “false narratives and unsustainable ...

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Manufacturing Institute honors Gabrielle Ferrara for excellence in leadership in the U.S. manufacturing sector

Gabrielle said: “I am honored to receive this award. At Ferrara Manufacturing, we continue to build our modern manufacturing organization seeing the direct benefits of empowering our workforce and creating a positive, diverse and passionate work environment and culture. I thank everyone. on our team at Ferrara Manufacturing, my parents and The Manufacturing Institute for supporting our vision for the ...

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Sri Lankan rupee parallel markets diverge and bonds stagnate

ECONOMYNEXT – The Sri Lankan Rupee was largely inactive in the forex market with the official selling rate for importers around 203 and the parallel market diverged slightly with the market falling from previous highs, market participants said . In the interbank market, direct trades are rare and there are usually offers at 199.90 without offers, although the swap market ...

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Tonga’s raw sugar ‘famine’ set to continue through August

Tonga is experiencing a sugar famine that is expected to last another month. Containers of sugar due to arrive this weekend have missed sea links and will not reach Tonga until the end of August, according to an importer, who is still awaiting the arrival of his January order. Deliveries that previously took 6-8 weeks now take 5-6 months to ...

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Monadnock Ledger-Transcript – Business Quarterly: Manufacturing companies begin to relax COVID-19 protocols

Local manufacturers, including some of the region’s largest employers, have said many of their COVID-19 protocols have been lifted and their businesses are standardizing themselves. The number of vaccinations in New Hampshire continues to rise, although the initial wave of vaccination has slowed considerably in recent weeks. Currently, New Hampshire has distributed a total of 1.66 million doses of the ...

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Shipping carriers push back White House price controls

File image courtesy of World Shipping Council Posted on Jul 12, 2021 1:17 AM by The maritime executive Shipping carriers are pushing back White House pressure to examine the pricing power in the container shipping industry. Last week, as part of a broad executive order targeting anti-competitive business practices, the Biden administration called on the Federal Maritime Commission to use ...

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Launch of a new “Free The Spirit” campaign to reduce the prices of British bourbon

Jim Beam, Maker’s Mark and Brown-Forman have teamed up with The Bourbon Alliance – distillers, restaurants and pubs, retailers, wholesalers and enthusiasts of American whiskey – to urge the British government to remove the 25% duty on imported American whiskey caused through a steel trade dispute. The Bourbon Alliance is a coalition of industry players whose livelihoods depend on the ...

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Help from the diaspora

JAMAICA has been exporting labor since the construction of the Panama Canal in the early 1900s. Since then, through immigration, we have provided a steady flow of labor to UK, USA and Canada. The United Nations lists 1,400,000 people born in Jamaica as living abroad. Then there is, of course, the second generation which has another million, so we’re down ...

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CBOT agricultural futures drop in rain forecast

Chicago, July 10 (Xinhua) – CBOT agriculture futures fell last week and corn is one of the main factors driving prices down, Chicago-based research firm AgResource said. However, AgResource remains bullish as the expanding variant of COVID-19 raises concerns about the recovery of emerging markets. CBOT corn futures prices fell sharply due to heavy rains last weekend in Iowa and ...

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Turkey becomes one of the world’s leading manufacturers of armed drones

Turkey has become one of the world’s leading manufacturers of armed unmanned aerial vehicles in just 15 years, French newspaper Le Monde said on Friday. The newspaper examined Turkish Armed Drones (SIHA) under a separate title, “Technology for Turkish Foreign Policy,” in a report on armed unmanned aerial vehicles. Two suicide drones, Kargu-2, produced by the Turkish defense company STM, ...

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CSIC concerned about the closing of the caisses – Journal

PESHAWAR: The Sarhad Chamber of Commerce and Industry expressed concern over the closure of ATMs and insisted that the government’s hasty decision without consulting trade bodies would severely affect Pakistan-Afghanistan trade and exports regional. The issue was discussed at a meeting chaired by SCCI President Sherbaz Bilour and attended by traders, exporters and importers in the House Chamber here on ...

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FBR unveils 2021 Export Facilitation Program

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday released the 2021 Export Facilitation Program for all categories of exporters, including manufacturer-exporters and commercial exporters, merging all programs into one unified procedure. The FBR issued SRO 902 (I) / 2021, here Friday, to publish a draft of some other amendments to the 2001 customs rules. The user of the Export ...

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Report: Beer is booming in Michigan

(Watch this story Monday morning on WZZM TV 13) Michigan’s beer industry is a nearly $ 10 billion business, according to a recent report. The Beer Serves America report, written by the National Beer Wholesalers Association and the Beer Institute, found that Michigan’s brewing industry had an overall economic impact of $ 9.9 billion in 2020 and supported nearly 67,000 ...

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“Create a favorable environment to encourage export, forex”

Former Director General of Lagos Chamber of Commerce and Industry (LCCI) Dr Muda Yusuf called on Nigerian authorities to create an enabling environment that will encourage exports and attract foreign exchange (forex). According to him, the Nigerian economy has the capacity to attract a lot of foreign exchange due to its size, with potentials and opportunities still hidden. Speaking at ...

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In crisis, Lebanon begs for foreign aid

July 10, 2021 LEBANON IS “a few days” away from a “social explosion”. This is what Hassan Diab, the interim prime minister, said on July 6. The country is plunged into a crisis that has seen the value of the local currency plummet and many of the population run out of food, fuel and medicine. “I call on the kings, ...

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Manalapan officials hold public hearing on cannabis ordinance

MANALAPAN – Members of the municipal committee have set July 14 as the date for a public hearing on a proposed ordinance that, if passed, will ban the operation of any class of cannabis business in Manalapan. The order was presented on June 16. The public hearing on the ordinance will be held at the Manalapan Municipal Complex, 120 Route ...

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