Posts Tagged ‘Manufacturing’
ASEAN countries should be open in the face of changes in the face of the ASEAN Economic Community (AEC).
Need readiness of ASEAN members to open up, the economic issues did not escape from the meeting of the ASEAN Regional Forum and ASEAN Ministerial Meeting (ARF / AMM) in Bali.
The challenges facing ASEAN countries towards the AEC by 2015. One of the challenges that must be addressed is the strengthening of the service sector. The service sector now more attractive manufacturing. ASEAN should strengthen the service sector so that investors do not flee to other areas.
USD15 million to USD16 million investment could escape to other regions, when the ASEAN countries did not resolve differences among member states.
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Oil prices again rose up to be over $ 80 per barrel in trading on Friday (10/01/2010) in Asia. This is because market players are optimistic U.S. economic recovery is going well.
Benchmark oil for November delivery rose 34 cents to $ 80, 31 per barrel at midday in Singapore time in electronic trading on the New York Mercantile Exchange. As for long-term contract, also rose $ 2, 11 for and is in the level of USD79, 97 on Thursday U.S. time.
Investors who used to play in the oil seems to believe in the U.S. economy will grow, where the positive unemployment data and manufacturing activities to mark the passage of the economic recovery.
The U.S. government also increased the estimate of second quarter on growth in gross domestic product (GDP) to 1.7 percent from 1.6 percent previously.
In addition, the Energy Information Administration also announced that it has been a decline in crude oil inventories of 500 thousand barrels last week. It also seems to push the optimism of investors. Read the rest of this entry »
Crude oil prices trading at USD74 per barrel after experiencing the highest increase in the relevant month of manufacturing in the U.S. and China, two countries of the world’s largest energy users, speeding faster than expected in August.
Oil prices climbed 2.8 percent yesterday and U.S. stocks have rebounded from the biggest fall since August after nine years at the factory index from the Institute for Supply Management (ISM) which is based in Arizona rose to 56.3 from 55.5 in July.
Oil prices rose even as the U.S. Energy Department reported that U.S. crude supplies rose almost three times what analysts estimated last week. “ISM surprise everyone. Broker energy as a barometer of the manufacturing sector to become the economic and demand, “said Vice President of Research Phil Flynn, on PFGBest in Chicago.
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Indonesian Export Financing Institutions (LPEI) and the Korean Exim will provide USD100 million for the benefit of automotive manufacturing in Indonesia. The automotive manufacturer is the recipient of the funds Hyundai Korean origin company.
Construction of the plant, expected to raise Indonesia’s automotive exports to foreign countries, especially ASEAN. From the construction of the plant, according to Mahendra Indonesian automotive exports could add as many as 200 cars each month.
AFTA was Indonesia’s automotive export opportunities to ASEAN countries. AFTA cooperation agreements stipulate that each export product which has components of ASEAN (ASEAN contain) more than 40 percent, then the product will be free of tax for each State of AFTA. Read the rest of this entry »
Wall Street stock indices again weakened by touching its lowest point in the last month. Action resale hit after the release of a contraction of the manufacturing index for August.
In trading Thursday (19/08/2010), the Dow Jones closed slumped 144.33 points (1.39%) to the level of 10271.21. Index Standard & Poor’s 500 index also fell 18.53 points (1.69%) to a level of 1075.63 and the Nasdaq fell 36.75 points (1.66%) to a level of 2178.95.
The data showed manufacturing activity in the mid-Atlantic states experienced a contraction during August, for the first time since July 2009. Data that directly makes dark eye because investors expect the increase of the previous activity.
Manufacturing sector shares immediately fell by 3M, United Technologies and Boeing at least make the Dow Jones weakened.
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