| Asia's exporters suffering as global demand weakens | | 2008-07-06 12:13:00 | | Sat Jul 5, 2008 10:07pm EDTBy Alison Leung - AnalysisHONG KONG (Reuters) - Cliff Sun is hurting.The 54-year-old chief executive of Kin Hip Metal Plastics had spent much of the past year grappling with rising labor and material costs in China and a strengthening yuan.Now that the U.S. consumer juggernaut is slowing, he's throwing in the towel and relocating inland from coastal southern China."If we don't cut margins or even take small losses these days, we're just not able to get the same level of orders," said the former chairman of the Hong Kong Exporters' Association."We're facing a bitter, cold winter ahead."Sun and others that collectively make up Asia's mighty export engine face a difficult second half with Asia's central banks now ready to sacrifice growth to combat food- and oil-based inflation and with Europe no longer taking up the slack amid downward-spiraling U.S. consumption.The worst is yet to come. Exports make up 10 percent of China's gross domestic product and up to 30 ... | | By: How to be Rich, Happy and Free from Scams | | |
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| Viet Nam ranks second among footwear exporters to Brazil | | 2008-06-13 11:21:00 | | Viet Nam is the second biggest footwear exporter to Brazil with a turnover of nearly 19 million USD in the first five months of this year.
With the figure, Viet Nam’s footwear exports to the Southern American country saw a year-on-year increase of 55%.
By the end of May, Brazil had imported over 17 million pairs of shoes, according to the Brazilian Shoes Industry Association.... | | By: Vietnam Business Finance News | | |
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| THE soaring Australian dollar is costing major wine exporters millions of dollars | | 2008-05-06 04:25:00 | | While exports reached a record $3.02 billion last year, experts say a combination of drought, the high dollar and foreign competition means the industry now faces significant challenges. Bottled wine exports are still growing but at a declining rate and experts believe the growth may stop within two months. The rising dollar is particularly hitting the price-sensitive cheaper end of the market, as the buoyant Aussie dollar makes exports more expensive.
... | | By: Australian Wine News | | |
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| Fashion Jewellery Exporters | | 2008-04-29 12:04:34 | | Indian Handicraft Items mainly Handcrafted Fashion Jewellery & other contemporary Craft items. Located in the heart city of India called Delhi , the organization is committed towards developing new & creative designs that measures up to the International Quality Standards. In a short period of it’s existence, we have attained the status of an Organization driven by VALUES & CUSTOMER ORIENTATION.The earring is an assemblage of attractive stones clinging to a beaded oval-shaped ring. Delicate ensemble of multi-color beads make a charming jewelry items.... | | By: Diamonds Are Forever | | |
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| Vietnamese cashew exporters extorting money from foreign partners? | | 2008-04-09 04:56:00 | | On April 4-5, the Viet Nam Cashew Association (Vinacas) held a meeting between Vinacas’ members and foreign clients. The meeting seemed to be very tense, as foreign clients heavily criticised Vietnamese partners for breaking contracts.
A representative of a Dutch dried fruit association said that foreign companies specialising in trading, importing, packing and processing cashew nuts are... | | By: Vietnam Business Finance News | | |
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| Why don’t exporters diversify payment currencies? | | 2008-03-17 08:11:00 | | Vietnamese companies have been heavily criticised for attaching themselves to the dollar in making payments for export deals, due to which they have been suffering when the dollar devaluates. In response, the companies said that it is not easy to change the custom of using dollars in making payments overnight.
Rooted habit
According to the Forex Management Department under the State Bank of... | | By: Vietnam Business Finance News | | |
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| Ministry recommends measures to help exporters | | 2008-03-14 10:34:00 | | Deputy Minister of Industry and Trade Nguyen Thanh Bien has asked enterprises to expand outlets and diversify foreign currencies structure in an effort to gain the government’s target of 25% rise in export revenues.
At a conference held in Ho Chi Minh City on March 14 to seek urgent measures to remove difficulties for export businesses in 2008, Deputy Minister Bien also asked them to improve... | | By: Vietnam Business Finance News | | |
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| Falling dollar robs exporters of revenue | | 2008-03-14 06:12:00 | | The continued strengthening of the Vietnamese dong against the US dollar is costing Viet Nam’s exporters dear.
Garment and textile enterprises are a prime example.
Viet Nam Garment and Textile Group (Vinatex) managing director Le Tien Truong estimates an export revenue drop of 4-5% since the Viet Nam Government allowed the trading band for exchange rate between the dong and the US dollar to... | | By: Vietnam Business Finance News | | |
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| Importance of Trade Finance & Structured Trade Finance for Importers and Exporters of Commodities? | | 2008-02-06 05:37:00 | | Trade finance is the method importers and exporters of commodities and goods use to finance their business. Basically, trade finance has been in existence for many thousands of years - and one can trace the roots of trade finance and structured trade finance right back to the early days of China and the silk route, Mesopotamia and Europe. Trade Finance was around long before Europeans settled in America and long before the world’s stock markets were born! Today, trade finance is a massive, multi-billion dollar business. As the world trades more and more goods and commodities are bought and sold, so more and more banks and financiers are needed to lend money to finance the purchase and sale of these goods and commodities - right across the global supply chain.[ finance , and ,money ]How is trade finance and structured trade finance useful?Take an example: imagine you are a trader in cocoa beans in Cote d’Ivoire, buying beans locally and selling them to foreign buyers. To make your p... | | By: FINANCE. | | |
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| Vietnamese exporters pin their hopes on US | | 2008-01-12 07:03:43 | | Exports to the US increased by a whopping 39 percent last year to US$10.3 billion, but domestic exporters like the Vietnam Electric Lines and Cable Company (Cadivi) want even more. ...
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... | | By: Vietnam Business Finance News | | |
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| Yen Rebounds From Two-Week Low; Japanese Exporters Buy Currency | | 2007-09-19 05:51:39 | | By Kosuke Goto and Ron Harui Sept. 19 (Bloomberg) -- The yen rebounded from a two-week low versus the dollar on speculation Japanese exporters bought the currency after the Federal Reserve cut its benchmark interest rate for the first time in four years. ``Japanese exporters appear to be buying the currency as the levels are attractive,'' said Masashi Kurabe, senior manager of foreign-exchange trading department at Bank of Tokyo-Mitsubishi UFJ Ltd. in Tokyo. ``The interest-rate gap also has narrowed in favor of the yen.'' The yen rose to 115.89 per dollar at 11:51 a.m. in Tokyo from 116.08 yen in New York yesterday, when it fell to 116.38, the lowest since Sept. 5. It also climbed to 161.99 per euro from 162.29, climbing from the lowest in almost six weeks. The yen may advance to 161 per euro and 115.20 a dollar today, Kurabe said. Japan's large manufacturers predict the yen will average 114.40 per dollar in the year start... | | By: FOREX FEEDS | FOREX SIGNALS | FOREX E-BOOKS | | |
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| Leading Gem Exporters - Reviews Part 1 | | 2007-08-18 07:09:36 | | Gem CottageGem Cottage originated as a family business in 1986. The family has a long tradition and long roots in Gems of Sri Lanka. The business is based on trust and reliability.Today Gem Cottage is a well known name in Sri Lanka and abroad for gems and lapidary. Gem cottage has won multiple awards for manufacturing and exports, including "Gold" and "Outstanding Exporter" of the year from the National Chamber of Exporters; and "Achiever Awards" for Excellence from the National Gem and Jewellery Authority.Gem Cottage has a reputation for Precious and Semi-Precious Stones and also known for Topaz-Blue and White as a specialty.
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| Leading Gem Exporters in Sri Lanka (Part 1) | | 2007-08-07 07:42:09 | | Ellawala Exports (Pvt) Ltd14, Carlwil Place, Colombo 03. Sri Lanka.Tel: +94 11 2573971 Fax: +94 11 2573098 Email: eelpvt@eureka.lkContact Person: Mr. Rainier NanayakkaraA.M.S. Deen & Sons19, Macan Markar Arcade, Galle Face, Colombo 03. Sri LankaTel: +94 11 2326687 / 2574435 Fax: +94 11 2577575 Email: deensgems@eureka.lkContact Person: Mr. Ajward DeenGem Paradise421, 2/1, Galle Road, Colombo 03. Sri Lanka.Tel: +94 11 2591036 Fax: +94 11 2582493 Emial: mimtizan@visualnet.lkContact Person: Mr. A.H.M. Imtizam
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