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|JAKARTA Terrence Ross Magic Jersey , Oct. 16 (Xinhua) -- Indonesia have taken steps to reduce the high logistic cost that has been widely complained by employers, a senior official.
Speaking in his remarks to open a major trade expo event here on Wednesday, Indonesian Vice President Boediono said improving seaport capacities and intensifying infrastructure projects will improve transportation across the country, which will in turn improve the country's competitiveness eventually.
Boediono said major projects to boost up the capacity of the capital city's seaport Tanjung Priok are underway at the moment, and are expected to help reduce the logistic cost within the next two years.
He added that similar projects were also underway in seaports located in far-flung region of eastern Indonesia to address high logistic cost problem.
On land transport, Boediono said part of double railway track projects in the country were scheduled to finish and commence its service in 2014.
"With the double railway tracks Shaquille O'Neal Magic Jersey , people and goods can be transported double as much by trains. It can significantly reduce transportation cost, thus reducing burden of roads," the vice president said in the opening of the event scheduled to last through Oct. 20.
On road infrastructure, the vice president said the government and private sector are now intensifying road expansions and starting new toll road projects.
He, however, said the construction of road infrastructure has been hindered with difficulties on land compensation Penny Hardaway Magic Jersey , particularly in Java. "It makes the projects run a bit sluggish," he said.
He added that the expansion and construction of new airports were also underway, citing the recently-opened North Sumatra province's airport of Kuala Namu that has commenced service as major hub for the western part of the country.
"Capacity expansion projects were now underway in Jakarta's Soekarno-Hatta airport, and the other ones in Surabaya (east Java), Semarang (central Java) and Balikpapan (east Kalimantan)," Boediono said.
According to the data released by the trade ministry Nikola Vucevic Magic Jersey , logistic cost takes up to 24.64 percent from the country's gross domestic product (GDP), reaching 1,800 trillion rupiah (about 185.6 billion U.S. dollars) in 2011.
Indonesia ranked No. 59 in Logistic Performance Index survey carried out in 2012, below Singapore, Malaysia, Thailand and Vietnam.
Chairman of Indonesian Employers Association (Apindo) Sofyan Wanandi said earlier that logistic cost takes up to 17 percent of overall industrial cost in the country Mohamed Bamba Magic Jersey , the highest in Asia. It was higher than that of Malaysia and Japan, which stood at 8 and 5 percent respectively, he said.
Julian Cheung (left) and Charmaine Sheh. [Photo by Jiang DongChina Daily]
Return of the Cuckoo, a popular Hong Kong TV series, has been adapted into a movie by the same name and retains the original lead stars Julian Cheung and Charmaine Sheh.
The movie is set for release across the mainland on Nov 20.
When the romantic series premiered on Television Broadcasts Ltd in 2000, it broke a slew of rating records Melvin Frazier Magic Jersey , peaking at nearly 50 percent of TV viewership at one time.
Last week, TVB, one of Hong Kong's most influential broadcasters, started to air the series again, sparking nostalgia among fans and drawing around 300,000 viewers on the first night.
The upcoming movie Justin Jackson Magic Jersey , following the series' storyline, centers on the reunion of the lead characters who were once lovers but had been separated for more than a decade due to personal misunderstandings.
Cheung, 43, told a recent media event in Beijing that the movie will have more interesting plot twists than the series.
"As the series is already a classic, ... I was concerned that the movie might find it hard to surpass (expectations)," said Cheung Jonathon Simmons Magic Jersey , a veteran Hong Kong-based actor. "But after I read the script, I was convinced that it would be a worthy try to give the series a happier ending."
For most of the mainland fans, Hong Kong movies and TV series have formed a significant part of an entire generation's collective memories.
"Cantonese-speaking titles were pretty popular in the 1980s and '90s. Many fans learned Cantonese by watching such programs. We believe the emotional connection will now lure them to the cinemas," said Li Yansong, CEO of iQiyi, one of China's largest video-streaming websites and also a coproducer of the movie.
The movie has been coproduced by iQiyi and Hong Kong-based studio China 3D Digital Entertainment Ltd.
BEIJING Jonathan Isaac Magic Jersey , Sept. 27 (Xinhua) -- China's top economic planner said Wednesday it had fined 18 manufacturers of poly vinyl chloride (PVC) a total of 457 million yuan (69 million U.S. dollars) for manipulating market prices.
The 18 companies collaborated to raise PVC prices in 2016, causing obvious price hikes in the market, the National Development and Reform Commission (NDRC) said.
Their behavior harmed the market competition order, the profit margins for downstream PVC users and consumers' interests, said the NDRC.
Each of the 18 companies was required to pay between 1 and 2 percent of their annual revenue as a fine.
These companies' PVC production accounted for three quarters of the country's total last year.
They reached 13 price monopoly agreements.
Hubei Yihua Group and China National Salt Industry Corporation Jilantai Salt Chemical Group played a leading role and proposed six meetings to discuss price hikes.
PVC products are widely used in building materials as well as medical and household appliances.
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