Xinhua-Changshan Camellia Oil Price Index Officially Launched

BEIJING, China, Jan. 12, 2018 /Xinhua-AsiaNet/– The Xinhua-Changshan camellia oil price index, jointly compiled by China Economic Information Service (CEIS) under Xinhua News Agency and the government of Changshan County in Zhejiang Province, was launched on January 6.

“The Xinhua-Changshan camellia oil price index reflects the changes of the factors affecting the whole camellia oil industry chain, which will help to increase the influence and pricing power of China’s camellia oil industry in the world and also boost income for camellia oil farmers,” said Su Huizhi, vice president of CEIS.

The index is based on producer prices of camellia oil companies in Changshan and fully reflects price trends of raw material (upstream), oil products (midstream) and secondary products (downstream). The index starts from 1,000 with the prices in November of 2015 as the base data.

Since the base period, the index witnessed a year-on-year growth. The aggregate price index inched up 79.25 percent in December, 2017 compared to that of the base period. Meanwhile, the price index for raw materials, oil, and by-products surged 63.37 percent, 72.68 percent, and 183.72 percent respectively.

Liu Zhiwei, Executive Vice Secretary-General of the Woody Oil Division of Chinese Forestry Industry Association, said that Xinhua-Changshan camellia oil price index plays a decisive role in the allocation of market resources, improves the efficiency in market operation, and boosts the high-quality development of camellia oleifera seed oil.

CEIS is a wholly-owned company of Xinhua News Agency, and boasts five national-level platforms including Xinhua Finance, Xinhua Silkroad, Xinhua Credit, Shanghai Petroleum and Natural Gas Exchange (SHPGX) and Xinhua Think Tank. Since its restructuring in April 2016, CEIS has launches a series of products with widespread impact.

Source: China Economic Information Service (CEIS)

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Tiens Group Chairman Li Jinyuan Attended the Fifth China Small and Medium Enterprise Global Development Forum

HANGZHOU, China, Jan. 12, 2018 /Xinhua-AsiaNet/– On January 10, 2018, the Fifth China SME Global Development Forum and the Fifth China Brand Innovation and Development Forum were held at the Hangzhou Intercontinental Hotel. Tiens Group Chairman Li Jinyuan, as the Senior Vice President of the Global Alliance of SMEs of China Region, attended the event and discussed with other international leaders and experts about new SME development opportunities around the world in 2018 to help SMEs collect international resources, expand into global markets, and discover opportunities for cooperation to jointly develop and create new platforms.

Also in attendance was Mr. Hou Yan, Assistant to President of Tiens Group and Ms. Huang Jiazhen, Senior Director of Tiens Group Branding and Global Public Relations Department.

The event was organized by the Global Alliance of SMEs, the United States-China International Cooperation and Exchange Association, and the China Brand Innovation and Development Project. With the “New Era” as its theme, the conference comprehensively analyzed the economic development in 2017 and actively explored the trends of the Chinese and international markets in 2018 to quickly gain a grasp of global business opportunities.

As an outstanding corporate representative of the going global strategy for Chinese national brands, entrepreneurs in attendance highly praised the international strategy of Tiens Group. The Global Alliance of SMEs, the organizer of the conference, said that Chairman Li led Tiens Group into the international market with the brand image of China. The globalization strategy and outstanding achievements of Tiens Group are highly recognized both at home and abroad. The Global Alliance of SMEs appointed Chairman Li Jinyuan as Senior Vice President of the China Region to help guide and assist Chinese enterprises in going global and shape the Chinese brand image.

During the forum, Chairman Li Jinyuan was invited to take part in a dialogue between the former British Prime Minister David Cameron and Chinese entrepreneurs. Wang Zhenghua, chairman of Chunqiu Group, Li Guangdou, CCTV brand consultant and famous brand marketing strategy expert, and Chen Jun, Chairman of Guo-Chuang Limited together with David Cameron had an in-depth exchange of ideas on globalization and how governments can help businesses develop. Chairman Li Jinyuan said that the events of the forum has greatly enhanced the friendship between China, Britain, France, South Korea, and other countries and has set up a very good platform for cooperation and exchange among enterprises.

During the dinner after the forum, Chairman Li Jinyuan and attending guests exchanged in-depth views on the global strategy of Tiens Group’s health business and the strategy of their third startup. Chairman Li Jinyuan said that as a transnational conglomerate integrating industry capital, commercial capital, and financial capital in multiple fields such as biotechnology, health management, hotel tourism, education and training, e-commerce, international trade, and financial investment, Tiens Group is guided by the strategic principles of business diversification, network integration, and business synergy. With a global vision based on the Belt and Road strategy, Tiens Group will promote the launch of multiple business models around the world to share innovative models of economic and customer experience-based marketing. We will continue to promote consumption to create wealth, create greater wealth for family businesses, integrate social resources, and combine e-commerce with retail shops, achieving value appreciation and forming a global alliance.

He expressed that a “healthy China” has already become China’s national strategy. Tiens Group, as a leader in the health industry, conforms to government policies and general trends, pushing ahead with the development of the health industry by optimizing and integrating Tiens Group’s global network resources. Currently, Tiens Group has established branches in 110 countries and regions, re-dividing the global market into 21 regions and is also entering new markets in 37 countries and regions, such as Australia, France, South Korea, and the United Arab Emirates. Tiens Group has formed strategic alliances with top international enterprises and has set the bar on internationalization for Chinese enterprises.

Source: Tiens Group

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Board of directors meeting of TPL Direct Insurance Limited

Karachi, TPL Direct Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 19, 2018 at Karachi to consider and approve the Budget of the Company for the Year 2018.

Further, the company has declared the closed period from January 12, 2018 to January 19, 2018.
Trakker Private Limited Direct Insurance was incorporated in Pakistan in 1992. The company is a public limited company under the Companies Ordinance, 1984 in the category of the general insurance business. The company is a subsidiary of TPL Trakker Limited which holds 67.39% of its ordinary shares. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The company operates through risk profiling with claim processing and settlement options. The services of the company include auto direct, home direct and travel direct using which the actions can be appropriately managed. The associated companies of the group include TPL Trakker, TPL Properties, TPL Security Services, Trakker Energy and TPL Financial Consultancy.

The symbol “TDIL” is being used by the stock exchange for the shares of Trakker Private Limited Direct Insurance.

DSM Sinochem Pharmaceuticals successfully launches Rosuvastatin finished dosage formulation in Western Europe

Rijswijk, Netherlands, Jan. 12, 2018 (GLOBE NEWSWIRE) — Upon patent expiry at the end of December 2017, DSM Sinochem Pharmaceutical (DSP) has successfully launched its fully backward integrated, generic Rosuvastatin drug product in multiple Western European countries. The successful launch will be extended to additional countries prior to the end of January, among which is the Netherlands.

 After being one of the first companies globally to receive a CEP in early 2016 for Rosuvastatin API, DSP again proves to be a frontrunner by being one of the first to launch Rosuvastatin drug products in Western Europe using its in-house produced API.

Statins are currently the most prescribed drug class globally for high cholesterol and cardiovascular diseases and are among the top selling drugs worldwide. Rosuvastatin is used for reducing high cholesterol and preventing cardiovascular disease, which is the number one cause of death worldwide.

 Quality, Reliability and Sustainability

In line with its brand promise of Quality, Reliability and Sustainability, DSP’s Rosuvastatin offers customers superior performance in all three areas. For its finished dosage formulations, DSP uses its own in-house manufactured API. This proprietary, backward integrated, process, which is protected by 10 patent families, involves a highly efficient enzymatic coupling step, and offers customers independence from third party intermediate suppliers. Additional advantages to its API include unrivalled product quality with an assay of >99% and large batch sizes of 200 kg. This further results in significantly reduced Quality Assurance and testing costs, the absence of hazardous residual chemicals and a 35% reduced carbon footprint related to production.

Expanding portfolio

With the successful launch of the Rosuvastatin finished dosage formulation, on top of the earlier successful launch of DSP’s beta lactam drug products, and the upcoming launch of Atorvastatin in Europe by summer 2018, the company is quickly expanding its drug product portfolio. What sets DSP apart from competitors is its backward integration and full control of its supply chain.

CEO, Karl Rotthier: “I am proud that our company, together with our partners, is among the first worldwide to launch a generic Rosuvastatin finished dosage formulation in Western Europe upon patent expiration; after being one of the first to offer the Rosuvastatin API under CEP. This shows our dedication to excellence and our aspiration to continue to be an industry leader”.

BU Director Drug Products, Lucas Wiarda: “As with every one of our products, Rosuvastatin delivers superior performance on quality, reliability and sustainability compared to the industry average. This is largely due to DSP’s full control of its manufacturing process from start to finish. Building on our strong position in beta lactams, Rosuvastatin is an excellent addition to our drug products portfolio which we proudly offer to our customers.”

Currently DSP holds an eCTD dossier for Rosuvastatin finished dosage formulations (5,10,20 & 40mg FCT) containing Zone II & IV stability data and a 36 month shelf life.

About DSM Sinochem Pharmaceuticals
DSM Sinochem Pharmaceuticals (DSP) is the global leader in sustainable antibiotics, next-generation statins and anti-fungals. DSP develops, produces and sells intermediates, active pharmaceutical ingredients and drug products. Our employees worldwide work together to deliver cutting-edge generics solutions that help to keep customers ahead of the competition.

Headquartered in Singapore, the group has manufacturing sites and sales offices in China, India, Egypt, the Netherlands, Spain, the USA and Mexico. DSP is a 50/50 Joint Venture of Royal DSM, a global science-based company active in health, nutrition and materials, and Sinochem Group, a Fortune 500 enterprise.

For more information please visit www.dsm-sinochem.com or contact DSM Sinochem Pharmaceuticals Corporate Communications, Erin van Wijngaarden, Manager PR & Corporate Communications. E-Mail: communications@dsm-sinochem.com

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7ac00118-d5bc-405d-a32d-b02d5c584c11

Erin van Wijngaarden
DSM Sinochem Pharmaceuticals
communications@dsm-sinochem.com

Board of directors meeting of Honda Atlas Cars Limited

Karachi, Honda Atlas Cars Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 23, 2018 at Karachi. The agenda of the meeting will to consider the 3rdQuarterly Accounts for the period ended December31, 2017.

Further, the company has declared the closed period from January 17, 2018 to January 23, 2018.
Honda Atlas Cars Pakistan Limited is a public limited company incorporated in Pakistan on November 4, 1992. The Company is a subsidiary of Honda Motor Company Limited, Japan. The principal activities of the company is assembling and progressive manufacturing and sale of Honda vehicles and spare parts. The Company commenced commercial production from July, 1994. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The symbol “HCAR” is being used by the stock exchange for the shares of Honda Atlas Cars.

Lahore Chamber of Commerce and Industry for effective forest management system

Lahore, January 12, 2018 (PPI-OT):Pakistan’s poor international ranking in under forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. Government would have to make forest management system effective as importance of forests cannot be underestimated.

In a statement, the LCCI President Malik Tahir Javaid and Vice President Zeeshan Khalil said that Pakistan ranked 79 with around 1% area under forest while Russia and India stand first and 10th position respectively with over 49% and 23%.

They said that deforestation in Pakistan seems small but actually is a big issue as it not only leaving adverse impact on the environment but is also hitting the economy hard. Government, private sector and all segments of society should join hands to tackle the issue of shrinking forests in Pakistan.

They said that forests are not only safeguarding biodiversity and acting as a shield against climate changes but are also equally important for the economic safety of the country. They said that wood production, processing and the pulp and paper industries accounts over one percent of the global gross domestic product.

The LCCI office-bearers said that forests also resist against devastating floods besides being a major source of fresh water, medicine, shelter and employment for the people. They said that forestation is one of the most neglected areas and there is a dire need to make joint efforts to protect and enhance forests through public-private partnership.

“We have to recognize that forestry is an integral feature of sustainable economic development. It should be the focus policy corridors for generating new economic opportunities”, the LCCI office-bearers said adding that by developing forestry as a commercially viable sector, the country can make the agriculture sector stable and valuable for economy.

They said that considering the available facts and figures, the potential for new investment in forestry is very much significant. Currently, local industry such as paper and furniture is experiencing serious supply-shocks which are not only impeding their further growth and but also slashing their international competitiveness.

They said that government should make long-term arrangements for attracting large investment and also provide incentives for advanced forest management technologies. They said that all city-district governments should earmark certain percentage of land in their areas for forestation.

The LCCI office-bearers said that timely policy-response, investment and coordinated efforts from the key stakeholders are required to improve the situation. They proposed that Ministry of Environment should adopt a comprehensive forest development strategy to address the production and conservation needs in close consultation with the private sector and scientific community.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

ICCI felicitates newly elected office bears of TWA Super Market

Islamabad, January 12, 2018 (PPI-OT):A delegation of Islamabad Chamber of Commerce and Industry led by its President Sheikh Amir Waheed visited F-6, Islamabad and congratulated the newly elected President Shehzad Shabbir Abbasi, Muhammad Hussain General Secretary, Ahmed Mughal and other office bearers of Traders Welfare Association of Super Market.

Speaking at the occasion, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry said that Super Market was located in a posh area of Islamabad where foreign diplomats, foreign nationals and other high profile dignitaries frequently visited for shopping.

He stressed upon the CDA to focus on resolving the key issues of Super Market including provision of filtration plant, restoration of all street lights and redesigning of car parking for expansion as well as its re-carpeting to facilitate the visitors. He assured the newly elected office bearers of TWA Super Market that ICCI would fully cooperate with the Association in its endeavours aimed at better development of the market and bringing it at par with well-developed markets of the region.

Muhammad Naveed Senior Vice President, Nisar Mirza Vice President, Islamabad Chamber of Commerce and Industry and Khalid Javed Chairman Founder Group also congratulated the newly elected office bearers of Super Market TWA. They said the 2nd consecutive victory of the office bearers was proved of the fact that the traders of the area were satisfied with their good performance. They hoped that the newly elected office bearers would render more effective services for the traders of the area and for the development of Super Market on modern lines to make it a role model for other markets.

In his welcome address, Muhammad Hussain, General Secretary, Traders Welfare Association, Super Market, Islamabad thanked the ICCI delegation for visiting their market to congratulate the newly elected office bearers, which was a source of encouragement for them. Highlighting the key issues of Super Market, he said there was no filtration plant in the market due to which the traders and residents of the area were deprived of clean drinking water.

He said current car parking has become insufficient and urged that CDA should redesign the parking to expand it and arrange its re-carpeting. He said CDA should restore all street lights in Super Market to curb the incidents of thefts and other problems. He assured that TWA Super Market would fully support ICCI in its efforts for resolving the key issues of the local business community.

Muhammad Naveed Senior Vice President, Nisar Mirza Vice President ICCI, Khalid Javed Chairman Founder Group, Mian Akram Farid, Tariq Sadiq, Muhammad Ijaz Abbasi, Baser Daud, Ch. Abdul Ghaffar, Tahir Ayub, Sh. Abdul Waheed, Khalid Chaudhry, Saeed Ahmed Bhatti, Shiraz Siddiqui, Musharraf Janjua, Rashid Yumayun, Izzat Bakhsh, Raja Abdul Majeed, Syed Adil Anis, Abbas Hashmi, Ashfaq Chatha, Muhammad Faheem and others were in ICCI delegation.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk