Government defers scrap metal legislation to 2019

Tag: 上海夜网FR

first_imgGovernment has deferred the deadline for bringing legislation to govern the scrap metal trade to the National Assembly, to next year.This was revealed during the second day of consideration of the Budget 2019 estimates when Business Minister Dominic Gaskin was questioned about allocations to various agencies under the Ministry.He was previously optimistic of bringing the scrap metal legislation to the House by this year end, following much back and forth after the trade was halted by Government.The ban was temporarily lifted in February 2017, after it was imposed in JuneBusiness Minister Dominic Gaskin2015. The Business Minister revealed in September that Government would be reopening the trade of scrap metal for three-month stints at a time until the relevant legislation was tabled. In June 2018, he had said that the new legislation was taken to the Cabinet and approved at that level. The next step, he had noted, would have been to approach the National Assembly.“Hopefully, before the end of the year, we will have a new legislation.  We will have a new software system that we are using, and we will have a Board of Directors to oversee the scrap metal unit, and I believe we’ll have something firm and solid in place to regulate the scrap metal industry,” Gaskin had told the media earlier this year.However, following that declaration, the legislation was finalised in the Attorney General’s Chambers and has since been awaiting passage in the National Assembly. Government had approved a restart of the scrap metal trade in Guyana during February 2017 after closing down the industry one year prior to that.The main reason for this was to allow exporters to ship out the existing stock over a limited period of three months, to ensure that there was no pile-up of these materials. However, in April 2018, after several months of delays, Government decided to reopen the trade to facilitate the clearance of some of the accumulated scrap metal across the country.While a date for the full resumption of the trade had not been announced, Gaskin had told this publication that the date depended on several important factors.The Minister disclosed that a meeting was held with exporters and dealers to introduce them to a new system that the Business Ministry was trying to implement.According to him, it is a software-based system that was specially designed to help the Ministry to monitor and regulate the trade once it resumed, creating a level playing field for all.Gaskin said the resumption of the trade would give the Ministry the opportunity to test the system to ensure that it was working and would also help to clear some of the accumulated scrap metal that has been legitimately acquired from some of the exporters or dealers’ yards.It was after a forensic audit conducted by the Scrap Metal Unit (SMU) that Government had removed the responsibility for the trade from the Central Housing and Planning Authority (CH&PA) to the Business Ministry.last_img read more


Tag: 上海夜网FR

first_imgToyota did not comment on where it might build its next U.S. factory to keep up with strong demand there. American newspapers have reported that Chattanooga, Tenn., and Marion, Ark., are among the finalists. Net profit and sales reached a record for any quarter, said Senior Managing Director Takeshi Suzuki. “We believe our company-wide efforts have contributed to these results,” he said in a release. Toyota, with its reputation for reliable, fuel-efficient cars, has gotten a big boost lately from the rise in oil prices. It also is a leader in producing hybrids, which use electricity and gasoline. Toyota has long beaten struggling General Motors Corp. in profitability, but it still trails GM in annual global vehicle production. Last month, Toyota said global vehicle production had topped 9 million in 2006,reaching 9.018 million vehicles, marking its fifth year straight of growth. GM-group automakers produced 9.18 million vehicles worldwide in 2006 – about 162,000 vehicles more than its Japanese rival. In 2006 Toyota, which also makes the Lexus luxury line, surpassed DaimlerChrysler AG as the No. 3 auto seller in the U.S., according to data from automakers. Ford Motor Co. remains No. 2 in the U.S. Toyota left unchanged its vehicle sales forecast for the fiscal year ending March 31 at 8.47 million vehicles. During the October-December quarter, it sold 2.16 million vehicles worldwide, up 8.9 percent from a year ago. Vehicle production, meanwhile, rose 9 percent to 2.09 million units in the quarter. Toyota said a weak yen, which boosts the value of overseas earnings, added 30 billion yen ($250 million) to the third quarter, while cost-reduction efforts contributed another 20 billion yen ($167 million). 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! TOKYO – Toyota, hot on the heels of General Motors to become the world’s No. 1 automaker, reported a 7.3 percent jump in quarterly profits Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan. Toyota Motor Corp. recorded group net profit of 426.8 billion yen ($3.6 billion) in the three months ended Dec. 31, up from 397.6 billion yen the same period the previous year. Quarterly sales climbed a solid 15.2 percent to 6.15 trillion yen ($51.2 billion) from 5.33 trillion yen a year ago, as the remodeled RAV 4 sport utility vehicle and Camry mid-sized sedan sold briskly in North America, and demand was strong for the Yaris compact in Europe, Toyota said in a release. “Toyota’s numbers are super, super strong,” said Koji Endo, auto analyst with Credit Suisse First Boston Securities in Tokyo. “To be honest, it’s hard to find anything bad at this point.” last_img read more


Tag: 上海夜网FR

first_imgCorn farmers, look to the sky at dusk and mutter thanks to the bats swooping over your moth-ridden fields: Those winged mammals put more than $1 billion back into your collective pockets, a new study suggests. The first-of-its-kind research used nets to fully enclose 20-by-20-meter fragments of large corn fields at night, thereby excluding foraging bats, throughout the growing seasons in southern Illinois in 2013 and 2014. The team’s analysis focused on damage caused by corn earworms, the crop-damaging larvae of a species of moth (Helicoverpa zea) that lives worldwide and is often preyed upon by bats such as North America’s eastern red bat (Lasiurus borealis). (The variety of corn the researchers grew wasn’t genetically modified to produce its own insecticide and thus resist those larvae. Although 84% of the corn grown in the United States does produce such insecticide, 68% of that grown worldwide does not.) Ears grown where bats couldn’t feed on moths had 56% more larvae-damaged kernels, the researchers report online today in the Proceedings of the National Academy of Sciences. On the whole, bats increased crop yield by 1.4%—a benefit that, on average and at current corn prices, adds up to a difference of about $7.88 per hectare ($3.18 per acre) and more than $1 billion worldwide. The drop in damage could be attributed to bats, the researchers say, because the crop-enclosing nets were rolled up during daylight hours to provide access for farmers and pest-eating birds. The team’s analyses didn’t estimate the value that bats provide for other crops afflicted with the same pest, including cotton and soybeans. But the findings do suggest a previously unsuspected benefit: Bat-protected ears of corn had fewer fungal infections and lower concentrations of fumonisin, a fungi-produced toxin that’s a big health hazard to livestock and greatly decreases a crop’s value.last_img read more