Domestic steel giants Hoa Sen Group and Nam Kim Group do not expect negative impacts from the Indonesian government’s high anti-dumping duties imposed on colour-coated steels. Indonesian government imposed taxes on Chinese and Vietnamese colour-coated steel. Source: vtc.vn Indonesia imposes anti-dumping duty on Vietnamese and Chinese colour-coated steel Indonesia has just announced applying anti-dumping duty of 12.01-28.49 per cent on colour-coated steel products imported from China and Vietnamfor five years. vietnamfinance.vn stated that accordingly, the two domestic steel manufacturers Hoa Sen Group and Nam Kim Group will be imposed tariffs of 12.01 and 19.16 per cent. Previously, Indonesia has been imposing similar taxes of 13.5-36.6 per cent on cold-rolled steel products imported from Vietnam, China, Korea, Japan, and Taiwan since 2013 and has continued to maintain the safeguard measures after the country’s anti-dumping investigation in September 2015. New tax … [Read more...] about Hoa Sen and Nam Kim not threatened by new Indonesian tariffs
Malaysia power shift hits China infrastructure drive
Malaysia was once a loyal partner in China's globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative. Kuala Lumpur's previous regime, led by scandal-mired Najib Razak, had warm ties with China and signed a string of deals for Beijing-funded projects, including a major rail link and a deep-sea port. But the long-ruling coalition was unexpectedly turfed out of power last month by voters disgusted at allegations of corruption and angered at rising living costs. Critics say many agreements lacked transparency, fuelling suspicions they were struck in exchange for help in paying off debts from a financial scandal which ultimately helped bring down Najib's regime. The new government, led by political heavyweight Mahathir Mohamad, has pledged to review Chinese deals seen as dubious, calling into question Malaysia's status as one of Beijing's most cooperative partners in its infrastructure … [Read more...] about Malaysia power shift hits China infrastructure drive
Mount Everest, the high-altitude rubbish dump
Decades of commercial mountaineering have turned Mount Everest into the world's highest rubbish dump as an increasing number of big-spending climbers pay little attention to the ugly footprint they leave behind. Fluorescent tents, discarded climbing equipment, empty gas canisters and even human excrement litter the well-trodden route to the summit of the 8,848-meter (29,029-foot) peak. "It is disgusting, an eyesore," Pemba Dorje Sherpa, who has summited Everest 18 times, told AFP. "The mountain is carrying tonnes of waste." As the number of climbers on the mountain has soared - at least 600 people have scaled the world's highest peak so far this year alone - the problem has worsened. Meanwhile, melting glaciers caused by global warming are exposing trash that has accumulated on the mountain since Edmund Hillary and Tenzing Norgay made the first successful summit 65 years ago. Efforts have been made. Five years ago Nepal implemented a $4,000 rubbish deposit per team that would be … [Read more...] about Mount Everest, the high-altitude rubbish dump
Laguna Lang Co marks five year anniversary in Vietnam
Five years ago, the integrated resort was established in Lang Co Bay, a destination known for its untouched natural beauty and unique culture. Lang Co was first discovered by King Khai Dinh, the 12th King of the Nguyen dynasty, and the destination retains its original charm, nestled in a rural setting with picturesque countryside and the natural elements of Feng Shui. Laguna Lang Co has been operating two luxury hotels branded Banyan Tree and Angsana, an 18-hole par-71 championship golf course designed by six-time Major winner Sir Nick Faldo, luxury private villas and residences, convention facilities, and recreational activities. “As we turn five years old with many significant achievements under our belt, we now look forward to the next exciting phase of our development. It is our time! It is also the time for Hue and the province of Thua Thien-Hue to have its moment in the sunshine,” shared Gavin Herholdt, managing director of Laguna Lang Co. “In 2018 we have gone … [Read more...] about Laguna Lang Co marks five year anniversary in Vietnam
Mai Linh needs to redouble efforts to win back market from Grab
Entering into agreements with Japan’s leading transport firm Willer Group and Singapore’s media tech firm IDOOH Pte., Ltd., Mai Linh is trying its best to re-conquer the market from Grab, which holds the upper hand. However, with its shrinking revenue over the past few years, perhaps Mai Linh needs to go even further to become viable. Mai Linh's motorbike taxi fleet reached 10,000 in just five months. Source: mailinh.vn Co-operating with Willer Group and IDOOH Mai Linh Corporation and Japan-based Willer Group on June 12 signed a Memorandum of Understanding in Tokyo city about improving road safety and handling traffic congestions in Vietnam. Speaking at the signing ceremony, Ho Huy, Mai Linh Corporation’s general director and chairman of the management board, said that the cooperation aims to apply new technologies in transport activities, such as ordering vehicles via phone applications, card payments, developing and running coach stations, and parking … [Read more...] about Mai Linh needs to redouble efforts to win back market from Grab