Global 

Trade war forcing 93 per cent of Chinese companies to transform supply chains, survey shows

A vast majority of companies in China are being forced to reconsider their supply chain and production functions due to the trade war with the United States, a new survey has found.In a poll conducted by the law firm Baker McKenzie, 93 per cent of Chinese companies were considering making some change to their supply chains to mitigate the effects of trade tariffs.Of these, 18 per cent were considering a complete supply chain and production transformation, with 58 per cent making major changes… Source link

Read More
Global 

African swine fever: ‘not enough pork in the whole world’ to fill China’s supply gap

There is not enough pork in “the whole world combined” to fill the potential supply shortfall that will hit China later this year, market analysts have warned.Pork exporting countries around the world are scrambling to fill the supply gap in China as an African swine fever epidemic sweeps across the country.Financial services firm Rabobank estimates that China could lose up to 200 million pigs to disease or slaughter during the epidemic, almost three times the pig population in the United… Source link

Read More
Home 

Opinion | What El Niño, pork supply and steel production have in common – they all point to China needing a stronger yuan

A pig on a farm in Changtu county, Liaoning province, on January 17. China is the world’s largest consumer of pork, and thanks to the mass culling of pigs to stop the spread of African swine fever, domestic production is expected to fall at least 4 million tonnes below demand. Photo: Reuters Source link

Read More
Singapore 

Cement mixer truck hits electricity box in Serangoon, disrupting power supply to 21 homes, Singapore News

SINGAPORE – A cement mixer truck hit an electricity overground box in the Serangoon Garden area on Saturday afternoon (April 6), disrupting power supply to 21 households. The police and Singapore Civil Defence Force said they were alerted to the accident at 67 Blandford Drive towards Berwick Drive around 4.05pm. The driver, a 43-year-old man, was conscious when taken to Tan Tock Seng Hospital, said the police. A witness told The Straits Times that the driver managed to climb out of the truck, which was wedged between a tree and…

Read More
Vietnam 

Thanh Hóa Water Supply raises US$15.7 million from share sale – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Thanh Hóa Water Supply JSC on Wednesday raised US$15.7 million from selling 11 million shares on the Hà Nội Stock Exchange. The northern market regulator will hold five auctions in April to sell 37.4 million shares. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Thanh Hóa Water Supply JSC on Wednesday sold 11.05 million shares on the Hà Nội Stock Exchange (HNX), earning VNĐ365.7 billion (US$15.7 million). A total of 16 investors, including one institutional investor, signed up for the auction and registered to buy a total…

Read More
Vietnam 

Hà Nội office market to likely to lack supply – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The office market in Hà Nội was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts. According to Savills Research, Hà Nội and HCM City witnessed a downward trend of yields from the second half 2015 to the second half 2018. “This again was caused by the limited supply of available office developments for sale, which has resulted in…

Read More
Vietnam 

RON95 petrol supply sufficient: Ministry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A petrol station on Trần Khát Chân Street in Hà Nội. — Photo congthuong.vn Viet Nam News HÀ NỘI — Supplies of RON95, one of the two main types of petrol used in Việt Nam, were still sufficient, according to the Ministry of Industry and Trade following complaints raised by some distributors about shortages. Distributors said there had been a shortage for nearly two weeks and some petrol stations were forced to hang signs saying they were out of RON95, leaving customers to fill up with bio-fuel E5…

Read More
Home 

Shandong’s pig stocks dropping as deadly African swine fever hits China’s pork supply, drives up prices

One of China’s largest pig farming hubs is suffering from a drastic drop in breeding stock that would weigh further on the country’s declining supply and drive up pork prices as more regions battle the deadly African swine fever raging across the country.Live hog and breeding pig stocks are severely shrinking in Shandong province, one of China’s richest regions, sending prices soaring, warned the provincial animal husbandry and veterinary bureau in a statement released on its official website… Source link

Read More
Vietnam 

Enough petroleum supply to meet domestic demand: Ministry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The domestic petroleum supply should meet local consumption demands. — Photo congthuong.vn Viet Nam News HÀ NỘI — The Ministry of Industry and Trade has said domestic petroleum supply is able to meet local consumption demand. According to a press release issued on March 26, large petroleum trading companies and some departments of industry and trade have reported that companies have provided enough supply for the local market. Companies have also committed to ensuring petroleum supply for domestic production, business and other consumption activities via their retail…

Read More
Vietnam 

Pig supply could fall as African swine fever takes its toll – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Pig prices have gone up slightly in recent days in the south after falling for several weeks under the impact of African swine fever. In Đồng Nai yesterday they went up by VNĐ1,000 a kilogramme to VNĐ41,000, Trần Minh Hùng, a local pig farmer, said. This is a positive sign after several days of falling prices, he said. The news about the spread of the disease has worried the public and many people have opted for other foods instead, resulting…

Read More