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  1. How come they never take action on Petrol Cartel???!! ... full story
  2. Source: http://sg.news.yahoo.com/afp/20080421/tts-...ec-c1b2fc3.html AFP - Monday, April 21 ROME (AFP) - - Oil-producing countries have rejected calls to raise output amid record prices -- five times higher in as many years -- saying the rise in demand was artificial. Kuwait's acting oil minister said Sunday that supply and demand factors are not to blame for the soaring price of crude oil, which hit record highs above 117 dollars per barrel in New York last week, following a pipeline attack in Africa's biggest producer Nigeria. "The level of stockpiles does not currently affect prices on the world market," Mohammad al-Olaim said on the sidelines of an energy forum in Rome attended by oil-producing countries, companies and consumer nations. "The fundamentals do not affect the market," he said. "If there is a need to raise" production, ministers of OPEC -- of which Kuwait is a member -- "will make a decision," he added. Organisation of Petroleum Exporting Countries (OPEC) president Chakib Khelil, currently touring Kuwait, said there was no need for an immediate hike in production. He said the cartel, responsible for producing around 40 percent of the world's oil, "does not need to raise output in the near future," according to Kuwait's KUNA news agency. "Today, there is no need to get worked up and say, 'We must put more oil on the market', because the demands of oil consumers are probably motivated by political reasons," said Saudi Oil Minister Ali-al Naimi. "We have raised output over last year and the prices have continued to climb," he told the Petroleum Argus, an oil industry weekly. Calls for OPEC to raise output were distinctly muted, even if the deputy head of the International Energy Agency -- founded during the 1973-4 oil crisis to defend the energy interests of 27 major consumer countries -- said it was "unreasonable" for the 12 members of OPEC's cartel to "fix demand for the next 30 years". William Ramsey later softened his position to say that "asking for more fuel today maybe isn't the answer," spelling out that that IEA is primarily asking producers to "increase their production capacity". "I think that prices are going to continue to rise," said Libya's acting oil minister Chukri Ghanem, the head of its national oil company. The Gulf states, particularly Saudi Arabia, said they did not like the price spiral. A Gulf official told AFP: "we don't like to see the prices at these (high) levels". Nevertheless, he did not give the slightest hint of any measures OPEC could enact to make prices fall again. OPEC Secretary General Abdullah al-Badri reiterated Saturday that ministers from OPEC member states did not need to meet separately in Rome. Khelil, for his part, said the falling value of the US dollar was responsible for the surge in prices. "When the dollar loses one percent, the price of a barrel of oil rises by four dollars," he said.
  3. Malaysian Elections Upset, So Singapore Ministers to Get Pay Raise Posted on Sunday, March 09, 2008 Topic: International News by K.K. Cheow The shock defeats suffered by the ruling Barisan Nasional in Malaysia
  4. Wed Dec 12, 2007 4:51pm EST By Anne Harding NEW YORK (Reuters Health) - Obese children who watch a lot of television are more likely to have high blood pressure than heavy children who don't spend as much time in front of the tube, the results of a new study shows. Increased psychological stress and junk food eaten while watching TV could be factors in the relationship, principal investigator Dr. Jeffrey B. Schwimmer of the University of California, San Diego, told Reuters Health. Obese children who watched 2 to 4 hours of TV each day were 2.5 times more likely than their peers who watched less TV to have high blood pressure, he and his colleagues found, while kids who watched more than 4 hours daily had more than triple the risk of having high blood pressure. TV watching time clearly influences obesity and high blood pressure is a known consequence of obesity, Schwimmer and his team point out in the American Journal of Preventive Medicine. To investigate this relationship, they evaluated 546 children between 4 and 17 years old who were seeking treatment for obesity. Forty-three percent had high blood pressure. Most of the study participants with high blood pressure watched 2 hours or more of television. Time spent watching television was also associated with the severity of obesity, the researchers found. Kids who watch more TV may also be eating more fatty, salty foods, which could directly contribute to high blood pressure, Schwimmer and his colleagues note. Studies have shown that children who watch more TV experience more perceived psychological stress, Schwimmer noted, and evidence is mounting that stress can alter how the brain communicates with other organs, affecting blood pressure and body fat accumulation and distribution. The findings underscore the importance of limiting children's TV viewing to less than 2 hours a day, as recommended by the American Academy of Pediatrics, he said, and that this may be particularly important for overweight and obese children. Blood pressure is often not measured in children, and if it is measured, "it's often not done correctly," Schwimmer added. "I would encourage parents of children to raise the issue of blood pressure with their child's doctor." SOURCE: American Journal of Preventive Medicine, December 2007.
  5. Govt must pay RM380mil if toll not raised KUALA LUMPUR: The Government will have to fork out a total of RM380mil to compensate toll concessionaire companies next year if the Cabinet decides not to increase toll rates. Works Minister Datuk Seri S. Samy Vellu said although the Cabinet had not decided on the issue, the ministry had worked out the amount of compensation to toll concessionaire companies. Except for the Penang Bridge where the toll rate is scheduled to be revised on Oct 1, seven expressway operators are due to review their rates on Jan 1. The Government would have to compensate Ampang-Ulu Kelang Elevated Highways RM28mil, North-South Expressway (central region) RM18mil, Seremban-Port Dickson RM178mil, Kulim-Butterworth Expressway RM10mil, Second Link to Singapore RM6mil, Sprint Highway RM34mil, NKVE RM9mil and Penang Bridge RM22mil, he said. The Government, having increased toll charges of the Lebuhraya Damansara Puchong (LDP) from RM1 to RM1.60 instead of RM2.10, would have to pay Litrak, the operator of LDP, RM75mil. Samy Vellu said this in his reply to Lim Kit Siang (DAP-Ipoh Timur) while answering queries at the committee stage of the Supply Bill 2008. He added that the Government was still finding ways to reduce the toll charges. Replying to Salahuddin Ayob (PAS-Kubang Kerian), Samy Vellu said the cost to build the palace complex to replace Istana Negara was RM450mil with another RM200mil to build the quarters, security features, multi-level underground car park and others. He said the cost of the new palace complex was not RM1bil as stated by Salahuddin.
  6. Yep. it is reaching such fever high pricing...I am guessing 100 is not far...sigh...
  7. Channel NewsAsia SINGAPORE: Both SBS Transit and SMRT have applied to the Public Transport Council to raise bus and train fares. The exact fare increment will be determined later, using a standard formula, in this annual fare revision exercise. Energy costs have been a big drain on the two big public transport operators. Both companies have quoted rises of between 20 and 26 percent in this area alone. SBS Transit said manpower costs
  8. C&C will be increasing prices for its Category A cars by yet another S$500 on Tuesday, 21 Nov. A clear indication of rising COE prices in next 2nd COE bidding for Nov.
  9. I just bought a new car, i found that the new car come without the bulb. I want raise a complain to Headquarter of Toyota. Please give a advice.
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