Factory prices in the UK Results Up 3.5%
Economy February 15th, 2010
England noted the increase in commodity prices and some manufacturers produce. The increase was a result of the global economic crisis and the highest during the last 11 months. As this makes the increase for the steel industry, transportation, and meals.
The Office for National Statistics (ONS) said in a statement said when the price of increased production by 3.5 percent at the end of December when compared with the same period the previous year. This is a tertnggi the year on year since January 2009.
As is known, these prices also increased by 0.5 percent last month compared to November. This is an increase since the last 10 months and the largest since May 2008.
“The monthly, output prices of all manufactured products rose by 0.5 percent in December. This reflects an increase in the price of manufactured products, transportation equipment, electronic products, and food,” the data from the ONS, as quoted by AFP, Saturday (9 / 1 / 2010).
Previously, economists had expected a price increase of 0.1 percent per month and 3.1 percent per year.
China Drugs Threatens Local Products
Economy February 12th, 2010
Implementation of free trade agreement (Free Trade Agreement / FTA) ASEAN-China threatens national herbal medicine industry. To survive, the industry chose to do a merger.
“The implementation of FTA makes small and medium producers of herbal medicine large kelabakan.Perusahaan must rack my brain how to be able to survive,” said DPP Chairman of the Joint Enterprise Herbal and Traditional Medicines Indonesia (GP Jamu) Charles Saerang in Jakarta yesterday. He said, if it is unable to compete , large-scale herbal medicine company also will make the merger (merger) with another company. “The strong are not strong. It would be a lot happening,” he said.
Arises a merger. This way I’ll survive, “said Charles. However, he said, this situation posed a dilemma. If big companies can do a merger, a small company can only surrender waiting for the opportunity to participate in maintaining its market.” I urge the government to provide facilities in the regulations. Government not only act as a regulator, but also a facilitator, “he said. According to Charles, tariff policy and the obligations of the use of standards and labels in Indonesian language, including regulation of the drug difficult enough illegal aliens to enter.
However, the foreign drug manufacturers have to use the pass. China drug producers, he said, take advantage of the weaknesses of Health Department clinics Indonesia to build widespread throughout Indonesia. Because directly relate directly to the clinic, these drugs away from the watchlist Agency for Drugs and Food (BPOM). “Legal clinic, but the medicine that we do not know. And this very rapid development in Indonesia. Jualannya use advertising, with the excuse to treat cancer, tumors, and others in a short time. The community put a lot of this, “he said.
Charles pointed out, support from the government is expected, especially in the promotion of the use of herbal medicine which is expected to be one of the national drink that characterizes the new life style should batik. “We hope later on Friday could also drink tea or coffee so ginger. Are both warm, but more potent, “he said. Husnia BPOM head Thamrin said it hopes to do intensive monitoring in traditional medicine products in Indonesia.” We do intensive supervision. If it turns out there is a problem, we will destroy the product. Then the perpetrator would we follow up, “he said.
He said there had indeed been labeling using the Indonesian language, but not applied properly. “Now there will be clarity Indonesian labels. Now be printed on the product. If it had just posted and small shape, so do not look, “said Husnia. Husnia said it was concerned that the ASEAN-China FTA could kill the domestic industry.” I’m worried about our products competitive with other countries, “he said.
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Meanwhile, Chairman of Indonesia Joint Pharmaceutical Entrepreneur Anthony CH Sunarjo said, China and India can produce cheaper drug prices and more in number as well. “Economies of scale of their production besar.Kita same cost only 100 thousand. They were 10 million. Therefore, the price of their drugs could be cheaper. Actual tariff reduction for these drugs long-running. Now only a matter of competitiveness, “he said.
Mexican Economic Growth Down 6.8% in Year 2009
Economy January 18th, 2010
Mexico’s record of economic growth to shrinking 6.8 percent in 2009. Results are the worst economic achievement for Mexico in the last 30 years.
It was announced by the Ministry of Finance of Mexico as reported by the Associated Press (AP), Saturday (30/1/2010).
“The decline of Gross Domestic Product (GDP) is due to the weakening currency and 6.2 percent of the debt crisis since 1995″ says the report.
Based on these reports, in the fourth quarter of 2009 has been improved with an increase of 1.2 percent compared with the third quarter. Although the level of economic output is 3 percent lower than the same period in 2008. However, it is the second quarter in a row in which GDP growth in the economy rose 2.9 percent in the third quarter. Previously, recorded a decrease to 10.3 percent in the second quarter.
The government originally estimated it would be full of the Mexican economy contracted in 2009 to approximately 7 percent. This year, the Ministry of Finance expects Mexico’s GDP can grow approximately 3 percent.
“Evolution recently showed the probability of economic growth may be greater than the predictions of a lot” he added.
Meanwhile, recorded as many as 181,271 people lost their jobs who are registered officially in 2009 and approximately 107 million Mexican citizens working in the informal sector
China World’s Largest Automotive Market
Economy January 15th, 2010
China automobile industry during 2009 was capable of surpassing the United States (U.S.). Panda and the country is now successfully become a leader of the world automotive industry.
Automobile industry in China had climbed well above the three-digit U.S.. And sale of almost all brands of motor vehicles in the country has increased.
Toyota China, as quoted from Insideline, Saturday (9/1/2010) reported, sales for 2009 rose 121 percent to 709 thousand units of vehicles with RAV4, Highlander, and the Corolla as the best-selling.
Duo South Korea, Hyundai and Kia are also experiencing increased sales by 85.9 percent from the previous sales reached 811,695 units.
The same thing also experienced General Motors (GM). GM in China experienced the highest progress throughout the world with record sales of 1.83 million units in 2009. This means that any market share jumped to 13.4 percent.
According to automotive research center of the world, U.S. vehicle sales fell by 21 percent to 10.4 million units last year. While in China in the first 11 months of 2009 has reached sales of 12 million units with an increase of 42 percent.
“China will be confirmed as the largest car market in the world for the first time,” said the representative of China Association of Automobile Manufacturers, Zhu Yiping.
Industry analysts estimate, sales of cars in China this year will again grow approximately 10 percent or 15 million range in the vehicle unit. This could happen due to the application of incentives, taxes, and established new subsidies their government.
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No Comments U.S protests Japan over Car Incentives
Economy January 15th, 2010
Japan received protests from members of Parliament protested the United States (U.S.) as judged unfairly subsidizing the program to run a car purchase.
Members of Parliament had also urged U.S. President Barack Obama reported Japanese automobile manufacturers to the World Trade Organization (WTO). They argued that Japan does not support and do not discriminate because it gave subsidies to trade up program of U.S. cars sold in Japan. “We can not sit still because we are doing this in accordance aturan.Produsen Japan could also participate to this program,” said a member of the Senate from Ohio Democrat Betty Sutton told reporters yesterday.
He added that the U.S. Trade Representative’s time to immediately begin discussions with the Government of Japan to identify and correct violations of Japan’s trade obligations. “If the talks fail, the U.S. must submit a formal complaint at the WTO,” he said. Trade-in program known as cash for clunkers in the U.S. have ended in late August last year with satisfactory results. Sutton previously received a letter on December 17 of the U.S. Trade Representative Ron Kirk, who said that the U.S. is concerned see a drop in vehicle sales in Japan in recent months.
He urged Tokyo to allow American cars to qualify for fleet renewal program. “We will continue to press Japan on this point, especially the possibility that Japan may extend the program beyond the purchase incentive program on March 31, 2010,” said Kirk. Speaker of the U.S. Trade Representative Nefeterius McPherson said, Japan has agreed to talks with the U.S. about the concerns raised U.S. Senate. “We hope to find a way forward through these discussions.
Our position remains that the changes needed to provide greater opportunities for U.S. vehicles qualify under the Japanese program, “said McPherson. Complaints against the Japanese Government policies had also conveyed that U.S. automakers Ford Motor Co., General Motors Corp., and Chrysler to Ron Kirk in a letter in December. In the letter mentioned that the Japanese government incentive programs effectively have barred U.S. companies participating in the program along with the car sales incentive.
Instead cash for clunkers program in the United States is open to all car manufacturers who do business in Uncle Sam’s country. The result, sales of Japanese cars and other Asian in the U.S. managed to outperform the U.S. manufacturer for Japanese cars and is known to be energy efficient options Americans. The cars made in Japan in the United States contributes nearly half of the total sales of 677,842 units. Subsidy program to prospective car buyers to absorb the total budget of $ 3 billion. “It’s not known whether it will continue the program this year or not.
tu still too early, I think it was an open question, “said Sutton. As reported earlier, U.S. auto sales in general in December rose 15.1 percent to 1.03 million units. Japanese producer Toyota Motor Corp. recorded a sales increase of 32 percent over the same month in 2008. Meanwhile, the U.S. automotive giant General Motors (GM) has decreased 6 percent in December.
Other producers, Chrysler LLC, also suffered a similar fate with GM. Chrysler sales in December fell 4 percent, bringing the total sales in 2009 fell 36 percent. While Ford Motor Co. rose 33 percent, but during 2009 fell 15.4 percent to 1.7 units of vehicles.
