RIO DE JANEIRO — Brazil’s President Michel Temer, under pressure from a week-long national truckers’ strike which led to fuel and food shortages, ceded to protesters’ demands Sunday and slashed the cost of diesel. The cut, equal to 46 cents a liter, was to be locked in place for 60 days, the president said in televised remarks, as the strike paralyses much of the country’s economic infrastructure. Temer also agreed to four other demands truckers made. His decision came after Sergio Etchegoyen, the Minister of Institutional Security, said the country was "on a path to normalisation" although he added: "It’s not quick." Authorities deployed the military to clear barricades erected by strikers and have been escorting fuel trucks since Friday to maintain access to refineries. But federal transportation police reported that as of Saturday night, nearly 600 roads were at least partially blocked throughout the sprawling South American country. Gas … [Read more...] about Brazil cuts fuel prices after strike leaves food, fuel scarce
Articulate rise pricing
PDVSA in Caracas December 16, 2013. … [Read more...] about Privately, Saudis tell oil market – get used to lower prices
Bigger incentives proposed to spur supporting industries Southern province Ba Ria-Vung Tau is sourcing a variety of incentives to attract investors to its efforts to develop supporting industries. Provincial authorities recently finalised and submitted to relevant government agencies a project on setting up a specialised mechanical engineering industrial park (IP) to be positioned in provincial Chau Duc district. The provincial management is calling for their new IP to be given similar incentives to those of another specialised IP which was reported to be positioned in the Dinh Vu-Cat Hai Economic Zone in northern Haiphong port city. This means provincial projects involving in supporting industry development would benefit from equal incentives as applied to areas facing hardships for socioeconomic development or special investment encouragement fields. The southern province also sources similar incentives for businesses venturing on industrial park infrastructure development to … [Read more...] about BUSINESS IN BRIEF 1/9
Dong Nai authorities inspect petrol stations Police in southern Dong Nai Province in co-ordination with the Market Watch Department started to conduct a one-month inspection of fire-fighting and prevention facilities, and fire safety related to petrol product services in the region. The checks began yesterday, May 9, with authorities warning that they will strictly punish any found violations. More remains of Vietnamese martyrs repatriated from Laos A ceremony was held in Bo Trach district in the central province of Quang Binh on May 9 to rebury 37 Vietnamese volunteer experts and soldiers who were killed in action during the war in Laos. The remains were found in Khammouan province of Laos by search team No. 589 of Quang Binh Military Command during the 2011-2012 dry season. The experts and soldiers who had fallen during the resistance war against French colonialists and US imperialists were brought home with the close coordination of Quang Binh and Khammouan authorities and … [Read more...] about SOCIETY IN BRIEF 10/5
A noted oceanographer says Vietnam is overlooking an abundant energy resource, the waves of the East Sea. Dr. Nguyen Tac An is former dean of the Vietnam Institute of Oceanography in Nha Trang and current Chairman of Vietnam's branch of the Intergovernmental Oceanographic Commission (IOC). An talked with the HCM City newspaper Thanh Nien about the potential for wave power development in Vietnam. In 1973, An says, research began on wave power in some developed countries like the US, Portugal and France. In 2003, Portugal deployed the first 30 MW wave power plant. The production cost of wave power is equivalent to wind power, that is, about 10 US cents per kilowatt-hour. What is wave power? Wave power is the capture of wave energy to do useful work, for example, electricity generation or water desalination. An easy way to capture the already abundant energy in the ocean is through a simple air chamber. As the waves rise and fall in the chamber, they force air … [Read more...] about Energy challenges: Why not wave power too?