Prime Minister Yingluck Shinawatra has ordered the Commerce and Agriculture ministries to control the price of farm produce and ensure traders do not reap profits of more than 50 per cent, government spokesman Anusorn Iamsa-ard said yesterday.
The PM organised surveys of food prices in markets and found that wholesale and retail traders had made "excessive" profits from sales of fruit and vegetables. They were found to make more than 50 per cent from sales of some fruit and vegetables, which was "unfair" for farmers and consumers.
The PM has ordered the two ministries to come up with a structure of fair and suitable prices for all agricultural produce to ensure both retail and wholesale traders' profits do not exceed 50 per cent of outlays. She also instructed the two ministries to provide market information to farmers so they can generate suitable amounts of produce to prevent problems of over- and under-supply of goods.
The PM asked the Agriculture Ministry to also analyse the problem of falling fruit prices in the lower central region. Palm mellow, for instance, is a fruit grown in Nakhon Pathom, Samut Songkhram and Samut Sakhon. She suggested that the ministry use technology to develop production of palm mellow and initiate agriculture zones for local fruit.
Meanwhile, the Cabinet has approved Bt33.1 billion in funds for 203 projects for eight lower central provinces, which include road construction, irrigation projects (in Ratchaburi) and an information technology project for food and health stability in Suphan Buri. Each province would be get Bt100 million for development projects.
On June 18-19, the Cabinet will visit eastern provinces such as Chon Buri, Rayong, Chanthaburi and Trat. Culture Minister Kusumol Khunplume will chair the meeting and present problems and analyses on solutions to the Cabinet a week before the meeting is held.
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Omantel and Batelco Sign Partnership Agreement - Zawya.com
End-to-end services to Bahrain and Oman-based businesses for secure inter-office connectivity
Chicago, USA: Omantel, the leading integrated telecom services provider in the Sultanate and Batelco, Bahrain's leading integrated communications company are further demonstrating their position as providers of cutting-edge services by launching MPLS IP VPN interconnectivity between both countries.
Omantel Senior Manager of Capacity and Submarine at Wholesale Business Unit Johannes Boersma and Batelco's General Manger of Enterprise Division and Government Adel Daylami signed the partnership agreement on the sidelines of the International Telecoms Week (ITW) held in Chicago, US, on May 14-16.
Building on existing agreements, this partnership will allow bi-lateral Data IP Services to be sold between Oman and Bahrain, as well as providing one-stop-shop transit services to Omantel's and Batelco's carrier partners, enabling both parties to extend corporate VPN solutions between their respective markets. This agreement will provide state-of-the-art, end-to-end MPLS VPN services to Oman and Bahrain-based businesses that wish to establish secure inter-office connectivity between both locations. Through this agreement, Omantel and Batelco will further strengthen its offering to carrier and corporate customers in all GCC countries, Middle East as well as anywhere around the globe.
Mr. Johannes Boersma said "Omantel provides a comprehensive range of managed services to companies and carriers, and this new agreement with Batelco enables Omantel to increase the depth of its MPLS VPN portfolio, adding additional regional capabilities. The company is proud to work with Batelco, which is a long-term partner of Omantel."
Mr. Daylami said that this strategic bi-lateral understanding is an important addition to Batelco's portfolio of OSS agreements, "Links for Batelco's international customers and partners can now be extended to all GCC countries through Batelco's Global IP VPN reliable, state of the art network."
"Accordingly, this comes in line with Batelco's International Carrier Relations (ICR) strategy via its presence in all GCC countries as well as other key destinations, through reliable MPLS, Ethernet and IPLC networks in order to expand the company's IP Data Services reach to all major destinations" added Mr. Daylami.
This agreement complements Batelco's range of global connectivity services such as Global IP-VPN, Global Ethernet, IPLC, Global Satellite services and a Global Datacenter that not only enhances efficiency by offering seamless, secure and dedicated interconnectivity but also the reliable support of a professional team working 24x7 in Batelco's sophisticated NOC's (Network Operation Centre's).
-Ends-
About Batelco
Batelco Group, listed on the Bahrain Bourse, is the leading integrated communications provider in the Kingdom of Bahrain and a company of reference among the region's key telecommunications players for innovation and customer experience.
Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East region. It delivers cutting-edge fixed and wireless telecommunications services to its customers in Bahrain, Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.
The Batelco Group of companies offers end-to-end telecommunications solutions for its residential, business and government customers in Bahrain on Next Generation, all IP fixed and 3.5G wireless networks, MPLS based regional data solutions and, GSM mobile and WiMax broadband services across the countries in which it operates.
About Omantel Wholesale
Omantel is considered one of the most prominent and competitive wholesale telecommunication providers in the Middle East region. In addition, it is one of the leading companies in the field of submarine cable networks and a key participant in several submarine cables as well with direct terrestrial links, which link Asia, Europe and America passing through the Middle East region, meeting the international capacity requirements of clients locally and internationally, thereby sustaining the Company's leading position among its competitors.
Omantel's wholesale strategy is to be a carrier of carriers and to be the link between the East and the West for the region and beyond. Submarine cable systems accessible from Omantel's network are SEA ME We 3, Falcon/Flag, TW-A, EIG, GBI, MENA & POI in addition to another two in the pipeline which are EPEG & Omran.
For further information, please contact:
Mohamed Al Salmi
Manager PR & Media
Omantel
Tel: 00 968 24244658
Mobile: 00 968 99879879
Email: mohamed.salmi@omantel.om
© Press Release 2012
Wholesale price index up in March - Manila Times
The growth of the general wholesale price in the Philippines slightly went up in March compared to the previous month, according to the National Statistics Office (NSO).
The NSO data showed that the annual rate of increase of the General Wholesale Price Index (GWPI) at the national level increased at 2.6 percent in March from 2.5 percent in February.
Negative annual rates were still posted in the indices of crude materials, inedible except fuels at -15.9 percent and chemicals, including animal and vegetable oils and fats at -3.4 percent from -23.4 percent and -4.4 percent, respectively, it added.
Meanwhile, a slowdown was also noted in beverages and tobacco index at 3.0 percent; mineral fuels, lubricants and related materials index at 8.6 percent; manufactured goods classified chiefly by materials index at 3.4 percent; and machinery and transport equipment index at 0.8 percent.
In Luzon, the NSO said the GWPI also inched up to 2.9 percent in March from 2.8 percent in February.
Moreover, the annual hike in the food index rose 1.6 percent from 0.3 percent and miscellaneous manufactured articles index, 2.4 percent from 1.9 percent.
In Visayas, the annual increase in the wholesale prices of commodities recorded a negative annual adjustment at -0.4 percent in March from -0.6 percent in February.
The NSO attributed the decline in the heavily weighted food index which dropped to -2.2 percent from -1.0 percent and crude materials, inedible except fuels index, -8.9 percent from -19.8 percent.
“Except for miscellaneous manufactured articles index whose annual growth was zero, the annual gains in the rest of the commodity groups moved up during the month,” the agency said.
In Mindanao, the annual gain of the GWPI in March was improved to 2.2 percent compared to the previous month’s rate of 2.3 percent.
Annual declines were posted in the food index at -0.1 percent, and crude materials, inedible except fuels index at -3.0 percent, the same rate last month.
In addition, slower annual rates were correspondingly noticed in the indices of machinery and transport equipment and miscellaneous manufactured articles at 0.8 percent and 2.4 percent from 1.3 percent and 2.9 percent, respectively. The other commodity groups recorded higher annual growths during the period.
On the other hand, slower annual rates were correspondingly noticed in the indices of machinery and transport equipment and miscellaneous manufactured articles at 0.8 percent and 2.4 percent from 1.3 percent and 2.9 percent, respectively.
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