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Posts Tagged ‘expands’

Vietnam Airlines expands cooperation with Moscow’s airport

In Uncategorized on November 18, 2010 at 1:58 pm

Japan’s economy expands in Q3, but risks remain

In Uncategorized on November 15, 2010 at 6:30 am

Qatar Airways flight touches down in Hanoi, network expands

In Uncategorized on November 2, 2010 at 1:41 am

Vietnam-Laos-Cambodia triangle expands

In Uncategorized on October 27, 2010 at 5:34 am

Vietnam-Laos-Cambodia triangle expands

QĐND – Tuesday, October 26, 2010, 21:35 (GMT+7)

A ministerial conference on the Vietnam-Laos-Cambodia development triangle took place in Luong Son district of the northern province of Hoa Binh on Oct. 26.

Vietnamese Minister of Planning and Investment Vo Hong Phuc, Cambodian Commerce Minister Cham Prasidh and Lao Minister of Planning and Investment Sinlavong Khouphaythoune heard a report on the amendments of a masterplan on socio-economic development of the triangle.

The conference adopted the results of a project to upgrade the Vietnam-Laos-Cambodia development triangle website with new Khmer and Lao language versions.

The masterplan which was approved by the three countries’ Prime Ministers at a summit held in Vientiane, Laos, in November, 2004 included ten provinces, namely Kon Tum, Gia Lai, Dak Lak and Dak Nong provinces of Vietnam; Sekong, Attapu, Saravan provinces of Laos and Stung Treng, Rattanakirri and Mondulkiry provinces of Cambodia.

Under the amended plan, the development triangle now includes Binh Phuoc province of Vietnam, Kratie province of Cambodia and Champak province of Laos.

The plan was amended with growth forecasts, sector development directions and economic structure and investment priority projects for 2020.

Source: VNA

Source: QDND

Cathay expands fleet as demand returns

In Uncategorized on August 4, 2010 at 11:20 am

HONG KONG, Aug 4, 2010 (AFP) – Hong Kong’s Cathay Pacific on Wednesday announced plans to buy 30 new airplanes for almost eight US billion dollars, underlining the carrier’s expansion as it reported strong first-half profit.

In a statement to Hong Kong’s stock exchange, Cathay said the total catalogue price for the Airbus A350-900′ would be approximately 7.82 billion US dollars.

Travellers walk past a Cathay Pacific check-in barrier at Hong Kong international airport on August 4, 2010. AFP

The planes, powered by two new generation Rolls-Royce Trent XWB (Xtra Wide-Body) engines, will form the backbone of the airline’s future mid-size widebody fleet and can be used for non-stop flights to Europe and North America.

The carrier said it also intended to exercise existing purchase rights for six Boeing 777-300ER aircraft with a catalogue price of about 1.61 billion US dollars.

The news came as Cathay separately announced its net profit for the first half of 2010 had soared eight-fold to 6.84 billion Hong Kong dollars (880 million US) thanks to robust passenger and freight demand.

“Our passenger and freighter schedules have been restored almost to their pre-downturn levels,” chairman Christopher Pratt said in a statement.

Cathay’s passenger business experienced a “marked improvement from the lows of 2009 with revenues returning to almost pre-financial crisis levels,” he said, noting a particularly sharp increase in demand for business travel originating in Hong Kong.

Pratt said Cathay would continue to strengthen its fleet by adding modern, fuel-efficient aircraft.

The airline is set to take delivery of 12 Boeing 777-300ER passenger aircraft between now and 2013, having added four planes of the same model to its fleet in the first-half of this year, he said.

Cathay has also added Milan and Moscow as its new passenger destinations this year.

Pratt said cargo business had been very robust for the whole of the first half.

“We will significantly increase the operational efficiency of our freighter fleet when we begin taking delivery of a total of 10 Boeing 747-8Fs in January next year.”

Cathay’s share price jumped 2.99 percent to 17.90 Hong Kong dollars following its earnings announcement.

Pratt said the company expected financial results to stay strong in the second half of 2010, subject to further increases in fuel prices or any return to recessionary economic conditions.

The airline swung back to profit in 2009 after suffering a massive net loss of 8.6 billion Hong Kong dollars in 2008 on the back of huge fuel hedge losses and falling cargo revenue amid the global financial crisis.

Source: SGGP

Intel Corp. expands scholarship programme in Vietnam

In Uncategorized on July 20, 2010 at 3:18 pm

Intel Corp. expands scholarship programme in Vietnam

QĐND – Tuesday, July 20, 2010, 20:53 (GMT+7)

The Intel Corp. and the University of Portland have expanded their scholarship programme in Vietnam.

Specifically, California-based Intel Corp. will give an additional US $2.5 million to two-year scholarships for Vietnamese students.

After graduation, Vietnamese students will work for Intel’s biggest assembly plant in Ho Chi Minh City.

Apart from electricity and mechanics, Intel’s scholarship winners will attend courses in English, technology, and American culture.

As scheduled, The University of Portland held a party to welcome 22 Vietnamese students who had won grants from Intel Corp.

Mr. Rich Howarth, the Intel Products Vietnam’s CEO, confirmed that, by granting scholarships, the corporation wants to make its contributions to the Vietnamese education development as part of its development strategy.

In 2009, 28 Vietnamese students received Intel Corp.’s scholarships, worth US $2million.

Source: Vietnam+

Translated by Mai Huong

Source: QDND

Dak Lak expands Vietnamese-Ede bilingual teaching

In Uncategorized on July 20, 2010 at 11:21 am

The Central Highlands province of Dak Lak has set a target to have 15,000 pupils at 100 primary and secondary schools attend classes in both Vietnamese and Ede languages from now to 2015.

The plan aims to not only help improve education quality for Ede ethnic pupils, but also preserve and develop the language and culture of the minority group.

The province started teaching Ede language for the third to the fifth grades at schools in areas inhabited by Ede people from the 1980s and later at junior high schools.

In the 2009-2010 school year, the province had 11,969 Ede pupils study at 487 classes in 88 schools.

The province has worked together with education institutions to compile textbooks and syllabus for Ede language teaching at schools.

To overcome teacher shortage, the provincial People’s Council has approved a plan for teaching Ede language at primary and secondary schools for the 2010-2015 period with focus on providing training for teachers.

Source: SGGP

German cabinet expands naked short selling ban

In Uncategorized on June 3, 2010 at 2:08 am

BERLIN (AFP) – Germany’s cabinet on Wednesday approved a draft law expanding a ban on naked short selling which angered its international partners to include all stocks traded in Germany, officials told AFP.

The ban “concerns securities that are registered on a regulated German market,” a finance ministry spokesman said.

A trader is seen at Germany’s stock exchange in Frankfurt. AFP photo

It also encompasses certain trades on currencies that are not used for hedging purposes, although this can be implemented in times of crisis, not as a permanent measure — a slight watering-down of the original proposals.

A previous version of the draft law had envisaged a complete ban on short selling currency derivatives.

Last month, Germany rocked its European partners and roiled markets worldwide by unveiling, out of the blue, a ban on naked short selling of sovereign bonds and credit default swaps.

The surprise move, by Germany’s financial regulator, was introduced unilaterally and without informing other G20 countries.

Naked short selling is effectively a bet that a certain stock or government bond will go down on the markets. But unlike conventional short selling, a trader does not even borrow the stock or bond before it is traded.

The practice came under fire as the Greek debt crisis escalated. Many analysts said that such trades artificially inflated Greece’s funding costs.

Critics of the practice also say it can create highly damaging volatility on financial markets.

However, most short selling takes place in London and it is not a common practice in Germany.

Defending the ban at the time, Berlin said it wished to “send out a clear signal to the markets that we want to act where we are able to … in order to tackle excessive speculation.”

The draft bill now passes to the German parliament, where Chancellor Angela Merkel holds a clear majority. Finance Minister Wolfgang Schaeuble was due to hold a news conference at 11:30 am (0930 GMT).

Source: SGGP

PVFCCo expands business in Cambodia

In Uncategorized on May 9, 2010 at 4:53 pm

PVFCCo expands business in Cambodia

QĐND – Sunday, May 09, 2010, 22:3 (GMT+7)

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), a member of Vietnam National Oil and Gas Group (PetroVietnam) on May 7 opened its representative office in Cambodia’s capital city of Phnom Penh. 

Present were Cambodian Deputy Prime Minister Men Sam An, Vietnamese Ambassador Ngo Anh Dung, senior trade and agriculture officials from the two countries along with PetroVietnam’s representative Hoang Xuan Hung. 

Addressing the opening ceremony, Deputy PM Men Sam An said she hopes the business will develop for the benefit of both PVFCCo and Cambodian farmers. She also expressed her belief that PVFCCo will succeed, generating tax revenues and giving Cambodian farmers high-quality products. 

PVFCCo’s general director Phan Dinh Duc said the corporation hopes to contribute to boosting fine traditional friendship between the two nations, especially in economics and agriculture. 

After the ceremony, PVFCCo signed three memoranda of understanding with their partners in Battambang province. 

On the occasion, the corporation presented 25 tonnes of fertilizer to farmers in the Cambodian provinces of Battambang and Prey Veng. 

Over the past time, the company has conducted a series of experiments in Kampong Cham and Battambang provinces in an effort to reach the agricultural output target of 8.6 tonnes per ha.

Source: VOV

Source: QDND

Frenzy to protect shores as oil slick expands

In Uncategorized on May 5, 2010 at 12:42 pm

VENICE, Louisiana (AFP) – Emergency crews rushed to protect fragile shorelines and islands as the Gulf of Mexico oil slick expanded, prompting a mobilization of more national guard troops and new alerts as far as the Florida Keys.

With oil still gushing Wednesday from the ruptured offshore well, volunteers and others descended on the region to help stave off a looming environmental crisis from the huge oil patch.

Rescuers rinse off a brown pelican captured on a barrier island off the fragile Louisiana coast. AFP photo

Pentagon officials authorized the use of additional National Guard troops to assist. As many as 6,000 in Louisiana can be mobilized, with 3,000 in Alabama, 2,500 in Florida and 6,000 in Mississippi.

The stepped up efforts came amid growing fears for the environment and wildlife.

A sea turtle was spotted swimming through a massive oil slick about 25 kilometers (15 miles) south of Louisiana by officials from the National Wildlife Foundation. The group hired a boat from the port town of Venice and went out into the Gulf of Mexico through an outlet in the Mississippi River.

Nobody on board was trained in animal rescue and they were forced to leave the obviously distressed turtle in the slick and simply report the coordinates to a hotline.

“It was very upsetting,” said Karla Raettig of Coastal Louisiana Restoration at the Federation.

More than 600 animal species are threatened by the expanding oil slick in the Gulf of Mexico, officials say.

Twelve shrimp trawlers and 10 official response boats frantically laid protective boom around some of the Chandeleur Islands — a group of uninhabited prime marsh and wildlife area — but initially failed to confirm any land impacts.

In Florida, authorities were preparing for the impact of the oil slick if loop currents bring the pollution to the state’s shores. Coast Guard officials said the mobilization was occurring as far as Key West.

“Although it is still too soon to predict if or how the Florida Keys may be impacted by the Deepwater Horizon spill, we are focused on preparing for whatever those impacts may be,” said Captain Pat DeQuattro, sector commander at Coast Guard Sector Key West.

Two weeks after the Deepwater Horizon rig exploded, the full impact of the disaster is being realized as a massive slick looms off the US Gulf coast, threatening to wipe out the livelihoods of shoreline communities.

If estimates are correct, some 2.5 million gallons of crude have streamed into the sea since the BP-leased platform spectacularly sank on April 22, still ablaze more than two days after the initial blast that killed 11 workers.

The riser pipe that had connected the rig to the wellhead now lies fractured on the seabed spewing out oil at a rate that could see the spill rival the 1989 Exxon Valdez environmental disaster in Alaska.

On the coastal areas of Mississippi, Alabama and Louisiana, forecasters said suggested that the bulk of the slick won’t make landfall before the end of the week, officials said.

BP crews kept working beneath the sea to stop the well’s hemorrhage of an estimated 210,000 gallons a day. BP said work had begun on a relief well to intercept the leaking well about 13,000 feet below the seabed and permanently seal it. However, the process could take three months, the company said.

Two weeks after the Deepwater Horizon rig exploded, the full impact of the disaster is being realized as a massive slick looms off the US Gulf coast, threatening to wipe out the livelihoods of shoreline communities.

If estimates are correct, some 2.5 million gallons of crude have streamed into the sea since the BP-leased platform spectacularly sank on April 22, still ablaze more than two days after the initial blast that killed 11 workers.

The riser pipe that had connected the rig to the wellhead now lies fractured on the seabed spewing out oil at a rate that could see the spill rival the 1989 Exxon Valdez environmental disaster in Alaska.

AFP journalists on an overflight of the islands saw reddish brown streaks of oil surrounding some of the islands and said light sheen appeared to be lapping the shore in certain places.

The US government’s weather agency has been predicting for days that the sheen on the edge of the slick at least could hit the Mississippi River Delta, the Chandeleur Islands and nearby Breton Island.

BP is preparing to deploy a 98-ton containment “dome” to try to stem the tide of oil gushing into the Gulf of Mexico and avert an environmental catastrophe.

The operation to place the giant structure over the largest of three oil leaks is unprecedented and, facing depths of almost a mile (1.6 kilometers), remote-controlled submarines will have to guide it into place, possibly by the weekend.

Source: SGGP