1. Coffee 3X15<\/p>\n
Lampung traders
\nimport coffee
\nfrom Vietnam<\/p>\n
JP\/10\/Coffee<\/p>\n
JAKARTA (JP): Many coffee growers and exporters prefer to
\nkeeping their coffee beans in the storehouses because of
\ncontinued lower price, forcing several exporters to import the
\ncommodity to cover their export obligations, the Association of
\nIndonesian Coffee Exporters (AEKI) said.<\/p>\n
AEKI's deputy chairman Nuril Hakim confirmed to The Jakarta
\nPost that several exporters in Lampung, which is the country's
\nlargest coffee producer, had bought coffee beans from Vietnam to
\ncover its obligations to buyers.<\/p>\n
"Due to shortage of coffee supplies, they purchased Vietnam's
\ncoffee beans to meet its contract obligations," Nuril said on
\nSaturday.<\/p>\n
Nuril said that the exporters preferred to buying coffee from
\nVietnam than elsewhere because of its lower price.<\/p>\n
"Vietnam's coffee beans are between Rp 300 (3.3 US cents) and
\nRp 500 cheaper than local ones per kilogram," he said.<\/p>\n
2. Thai 3X14<\/p>\n
Thai minister
\nsees recession
\nin second half<\/p>\n
P\/10\/Thailand<\/p>\n
Thai finance minister sees recession in H2 2001<\/p>\n
BANGKOK (Reuters): Finance Minister Somkid Jatusripitak said
\non Saturday the Thai economy would slip into a mild recession in
\nthe second half of this year on the back of a global slowdown.<\/p>\n
"When the world economy is not good, domestic setbacks would
\nlikely emerge. Our economy in the second half will definitely
\nface an economic recession, but not very much," he told a
\nbusiness luncheon.<\/p>\n
Somkid said overall economic growth for 2001 would still fall
\nwithin the government's forecast growth range of 1.5-2.0 percent.<\/p>\n
The Thai economy grew by 4.4 percent in 2000.<\/p>\n
Somkid gave no gross domestic product (GDP) forecasts for the
\nsecond half of 2001, but said a mild recession was not a serious
\nproblem.<\/p>\n
3. Lamb 2X20
\nU.S. ends lamb import
\nquota for Aussie,NZ<\/p>\n
U.S. ends Australia, New Zealand lamb import quota<\/p>\n
WASHINGTON (Reuters): The United States said on Friday it will
\nabandon an import quota on lamb meat from Australia and New
\nZealand, effective Nov. 15, and instead provide its domestic
\nindustry with new aid of US$42.7 million.<\/p>\n
The deal comes just hours before a deadline set by Australia
\nand New Zealand for the United States to lay out its plans for
\nthe import quota, which has been deemed illegal by the World
\nTrade Organization.<\/p>\n
"We are pleased that by working cooperatively with our lamb
\nproducers, members of Congress, and important trade partners, we
\nhave resolved this difficult issue," U.S. Trade Representative
\nRobert Zoellick said in a statement, saying the program would
\nenhance the competitiveness of their lamb industry and was fully
\nconsistent with our WTO obligations.<\/p>\n
4. Virus 2X18<\/p>\n
Computer virus costs
\nUS$10.7 billion<\/p>\n
Computer virus costs reach US$10.7 billion this year<\/p>\n
SAN FRANCISCO (Reuters): The worldwide cost of the Code Red
\ncomputer worms that were unleashed on the Internet in July and
\nAugust has reached about US$2.6 billion, an independent research
\nfirm said on Friday.<\/p>\n
While hefty, that was just a part of the total cost of attacks
\non computer systems this year.<\/p>\n
The cost of virus attacks on information systems around the
\nworld reached an estimated $10.7 billion so far this year,
\naccording to Computer Economics of Carlsbad, California. That
\ncompares with $17.1 billion for all of 2000 and $12.1 billion in
\n1999, Computer Economics said.<\/p>\n
"If there are no new bugs, then we will land under that,
\naround $15 billion," said Michael Erbschloe, vice president of
\nresearch at Computer Economics. But "one more big outbreak that
\nbecomes a billion dollar bug" would put the total over last
\nyear's.<\/p>\n
5. Airline 3X14<\/p>\n
Airline orders
\ntumbles with
\nno relief seen<\/p>\n
Airline jet orders tumbling, no relief in sight<\/p>\n
CHICAGO (Reuters): Orders for jetliner production have
\ncontinued to nose dive in 2001 from their peak three years ago
\nand no relief is in sight as global airlines bleed money and face
\na turbulent 2002, industry experts said.<\/p>\n
Major airlines have been removing capacity, measured by
\navailable seat miles, since announcing dismal second-quarter
\nresults. Most cutbacks so far are in the form of accelerated
\nretirement of older, bigger aircraft. Fewer seats can mean higher
\nfares and hopefully a return to profitability.<\/p>\n
Airlines are quietly ordering fewer planes as well, and
\nmanufacturers are trimming projections.<\/p>\n
Last year, carriers around the globe placed 1,081 net orders.<\/p>\n
By mid-2001, orders were at 480, according to Richard
\nAboulafia, director of aviation at consulting firm Teal Group.
\nBut there were also 100 cancellations. He sees only about 600 net
\norders this year and maybe half that next year.<\/p>\n
6. Steel 2X15<\/p>\n
U.S. steelmakers
\nfile anti-dumping<\/p>\n
U.S. steelmakers file wide-ranging anti-dumping case<\/p>\n
WASHINGTON (AFP): U.S. steel manufacturers filed an anti-
\ndumping case Friday demanding duties of up to 304 percent against
\nproducers in 11 countries and charging five governments with
\nextending illegal subsidies.<\/p>\n
Lawyers for the U.S. firms charged in a statement that steel
\nwas being dumped here from Brazil, Canada, Egypt, Germany,
\nIndonesia, Mexico, Moldova, South Africa, Trinidad and Tobago,
\nUkraine and Venezuela.<\/p>\n
In a petition filed to the U.S. International Trade Commission
\n(ITC) and Commerce Department, they demanded duties of up to 304
\npercent on the imports, which they said were being sold in the
\nUnited States for less than on the home markets.<\/p>\n
They also accused the governments of Brazil, Canada, Germany,
\nTrinidad and Tobago and Turkey of providing substantial illegal
\nsubsidies to carbon steel wire rod industries.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/1-coffee-3x15-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}