Petroleum industry
The Philippine government's 4-5% inflation target for 2004 was exceeded after the country's consumer prices rose to 7.9% in December, bringing the 2004 average inflation to 5.5%. This surge in inflation was largely driven by the holiday season, which pushed up consumer prices by
Petroleum industry
The past year has seen a significant increase in tensions between market players and regulators in India's corporate sector, leading to calls for a more effective regulatory mechanism to protect consumers' interests and ensure fair play. The Telecom Regulatory Authority of India (TRAI) has been at the
Petroleum industry
Resources stocks had a stellar performance in 2004, but analysts predict an even bigger surge in 2005, driven by a buoyant Chinese economy and a strong global economy. This boom could drive an export recovery, but the Australian dollar is expected to be a hurdle for exporters. The materials sector,
Petroleum industry
Vietnam's government has forecast that next year's economic market will experience little change compared to 2004. The Ministry of Trade's market steering department, the State Bank of Vietnam, and other ministries have released a report outlining the nation's economic potential for 2005.
Petroleum industry
The Philippines' central bank, the Bangko Sentral ng Pilipinas (BSP), has kept its full-year inflation forecast at 5.5% for 2004, despite the recent typhoons having a limited impact on the agriculture sector. According to BSP assistant governor Diwa Guinigundo, initial data indicates that only 10% of crops were
Petroleum industry
A former director of Reliance Industries Ltd, U M Rao, has written to financial institutions, suggesting that they seek representation on the company's board to improve corporate governance and ensure accountability. This move comes amidst the ongoing dispute between the two Ambani brothers, Mukesh and Anil, over the
Petroleum industry
The Ministry of Land, Infrastructure and Transport's Kanto Regional Development Bureau in Kanagawa is seeking to repair the Beikurin, a sea surface cleaning and oil recovery boat. The procurement process involves a tendering procedure for one set of repair services, with a specified fulfillment period and place. The
Petroleum industry
South Korea has officially joined the US-led campaign to reduce methane gas emissions, marking a significant shift in the country's climate policy. The decision was made during a meeting between South Korean and US government delegations at the 10th Conference of Parties to the U.N. Framework Convention
Petroleum industry
The Commission X of the House of Representatives (DPR) in Indonesia has urged the government to provide fresh funds to support state-owned firms in Nanggroe Aceh Darussalam province, particularly PT Kertas Kraft Aceh, PT ASEAN Aceh Fertilizer (AAF), and PT Pupuk Iskandar Muda (PIM). The firms are facing problems due
Petroleum industry
The Papua New Guinean government is experiencing a significant gas and mining exploration boom, with 48 applications for exploration licenses received so far this year, worth about $A18.72 million. The surge in interest is attributed to the incentives offered to overseas companies after the new government took power in
Petroleum industry
In a Supreme Court of Victoria filing, BHP Billiton Ltd. has initiated proceedings against joint-venture partner Esso for losses and damages resulting from the 1998 Longford gas plant explosion. The blast, which occurred on September 25, 1998, left Victoria without natural gas for nearly two weeks, resulting in significant economic
Petroleum industry
The Department of Energy (DoE) has closed the First Geothermal Bidding Round, receiving proposals from three companies to develop two geothermal sites in the Philippines. The successful bidders have expressed strong interest in the Rangas-Tanawon geothermal site in Sorsogon, which has a potential to generate 40-80 megawatts (MW) of electricity.
