BJP demands all-party meet on sugarcane row Nov 20, 2009
"The House was disrupted as our demand for a debate was not met," she said, adding that BJP will again move an adjournment motion in LS on Friday morning and demand suspension of question hour in RS. BJP criticised the removal of State Advisory Price mechanism by the new ordinance despite a SC order supporting it. Swaraj said state governments, under the SAP mechanism, fixed prices keeping local conditions and issues faced by farmers in mind. (India Times, India)
FM allays fears of stimulus withdrawal Nov 17, 2009
This should offer better price mechanism, he said. Read business stories in. (India Times)
* MOEA says it respects resolution to freeze gas prices Nov 13, 2009
The MOEA respects the Legislative Yuans opinion for a review of the floating oil price mechanism after lawmakers expressed concerns about the financial burden of the rising oil prices on people, the ministry said in a statement yesterday. Stressing that oil prices should be decided by the market mechanism, the MOEA said it already established a special task force within the ministry to review the floating oil price mechanism and, if necessary, it would act in accordance with the conclusions... (Taipei Times, Taiwan -- World)
* CPC, Formosa increase gasoline and diesel prices Nov 7, 2009
Meanwhile, the Ministry of Economic Affairs is reviewing CPCs floating price mechanism and said it would reach a conclusion before the end of the year, a ministry statement showed. This story has been viewed 315 times. (Taipei Times, Taiwan -- World)
Rubber officials to discuss Agreed Export Tonnage Scheme Nov 2, 2009
The source pointed out that the enforced quotas under AETS, which initially planned to slash about 700,000 tonnes of rubber from the world market, had proven to be a good price mechanism to ensure fair prices. Spot rubber prices fell more than 60% in December last year from a peak of US$3. (The Star Online, Malaysia -- Business)
Approves blending of Ethanol into gasoline Oct 28, 2009
The price mechanism for determination of ex-distillery Ethanol price will be worked out by the Ministry of Industries and Production in consultation with all stakeholders. . (Daily Times, Pakistan)
School boards: Benefit or burden to education? Oct 24, 2009
Government is nothing but waste and has no connection to the price mechanism that makes every voluntary mechanism so successful. Who knows if they are a waste or a burden. (Atlanta Journal-Constitution -- Metro)
Nigeria: Revealed - Why Govt Moved Deregulation Take-Off Date Oct 19, 2009
THISDAY learnt that part of the reason for the implementation of the deregulation policy was because government wanted to address the issue of price mechanism to ensure it was not transferred to a "cartel" who could collude to rip off Nigerians. However, after months of speculation on the actual take-off date, NNPC last week confirmed the November 1, 2009 date. (allAfrica.com)
Govt’s biodiesel programme hits a speedbump Oct 13, 2009
The source also said the Government needed to quickly iron out the biodiesel payment mechanism either via the automatic price mechanism (APM) to be regulated by the Finance Ministry based on reports from petroleum companies or the direct contract method, whereby payment is made based on reports from biodiesel producers. Indonesia is targeting to produce 750,000 kilolitres of biodiesel a year, Thailand is allocating 600,000 tonnes of crude palm oil (CPO) for its biodiesel production, while... (The Star Online, Malaysia -- Business)
Rel Infra reacts strongly to RIL threat to stop gas supply Sep 25, 2009
State-owned Gail charges marketing margins up to 17 cents for sale of non APM (administered price mechanism ) gas. Big fight. (India Times)
The Right FIT for California Aug 25, 2009
EnergyPulse - Insight Analysis and Commentary on the Global Power Industry. Free Newsletter Sign up today for your free subscription to the EnergyPulse Weekly Update - delivered directly to your e-mail box. (Energy Pulse, CO)
The bill will fall duefor crisis failures Aug 13, 2009
The Keynesian model rejects Say's law (crudely put, the principle that supply constitutes demand) and the Walras price mechanism (on market equilibrium) as a way out of the depression. It assumes unlimited supply of oil, food and everything else, and calls instead for outright deployment of fiscal policy to re-establish aggregate demand at its boom level. (Asia Times Online)
The return of Thomas Mun Jul 29, 2009
Nevertheless, over the coming decades we are in danger of reverting to a Thomas Mun world, in which prosperity depends on hoarding sources of natural resources and "Treasure." That will be a world significantly poorer than our own, in which the price mechanism no longer carries much weight and innovation is stifled by the dead hand of the government bureaucracies that dominate economic life through their direction of nations' economic policies. While initially a Mun world might survive fairly... (Asia Times Online)
Amid Rio probe, BHP pushes iron ore index Jul 14, 2009
For the moment there seems little doubt that the traditional buyers - more conservative than their Western or Chinese peers and fearful of ceding more control to three miners that own 70 per cent of the world's traded ores - will choose to pay up for old tonnage rather than abandon the fixed price mechanism, but BHP's move underscores the growing pressure on the benchmark. "That has made it difficult for Asian mills to wrap up this year's benchmark deals, although they are likely to go for the... (Sydney Morning Herald -- Business)
US adds to its cost burden Jul 8, 2009
Given what we know about the supreme efficiency of the price mechanism in allocating resources, one is forced to ask: are we in danger of reaching the point at which the US economy stops working ... To achieve them, however, programs must be designed so as to maximize rather than minimize the role of the price mechanism. (Asia Times Online)
PSU stocks eyed as budget nears; index gains 31% Jul 2, 2009
Though there was talk of dismantling the administered price mechanism, there is little interest in the oil marketing companies. Barring ONGC and Neyveli Lignite, other energy sector plays such as GAIL, NTPC, PFC and PCGIL have underperformed both the Nifty and BSE PSU Index. (India Times)
* CPC, Formosa Petrochemical hike prices Jun 20, 2009
Based on CPCs floating price mechanism, the companys cost for oil purchases increased 1. 39 percent in the week from June 12 to June 18, following a rise of 4. (Taipei Times, Taiwan -- Business)
* CPC raises gasoline prices by NT$0.4 May 30, 2009
The weekly price adjustment was made using CPCs floating price mechanism, which showed an increase of 2. 6 percent in the refiners oil cost in the week from May 22 to Thursday from the previous week. (Taipei Times, Taiwan -- World)
* Yiin contradicts Ma on timing for ECFA agreement May 26, 2009
We are currently sticking with a floating oil price mechanism and have no plans to deviate from it, unless one liter of 92 gasoline goes above NT$30, Yiin said, echoing comments made by CPC Corp, Taiwan (CPC, xWo) president Chu Shao-hua (). The current fuel prices for the state-owned oil refiner for one liter of 98-octane, 95-octane and 92-octane unleaded gasoline are NT$28. (Taipei Times, Taiwan -- Business)
* CPC and Formosa to cut prices of diesel and gasoline today May 2, 2009
The weekly price adjustment was made using CPCs floating price mechanism and retail pump prices would be decided by individual gas stations, a statement said. The company also announced price cuts in this months wholesale prices of liquefied petroleum gas (LPG) yesterday, to reflect the falling cost of crude oil. (Taipei Times, Taiwan -- Business)
Time to Grab an Oar and Row Apr 28, 2009
The price mechanism, through competition, allows everyone to voluntarily bid for those most successful means based upon individual judgements of value ... The price mechanism is the only available means, through competition, to bid for the those ends which individuals value. (Missourian Publishing, MO)
Nyasulu's action threatens to chill investor activism Apr 9, 2009
Zimbabwe's hyperinflation disappeared instantly at the start of this year, when the price mechanism was restored and the cash base reduced to a fraction of its former state. Not only was inflation reversed, but prices fell in the first two months of the year. (Business Report, South Africa)
Should we follow the yellow brick road? Apr 6, 2009
Economists who subscribe to the heterodox Austrian school of economics, which emphasises the spontaneous organising power of the price mechanism, say that the gold standard could have prevented the economic crisis. Robert Murphy, Adjunct Scholar at the Ludwig von Mises Institute in Alabama, USA, says, A gold standard is essential today because it would force central banks to raise interest rates to their correct levels. (India Times)
Was the oil price cut hasty? Feb 7, 2009
The NDA minister had announced the end of administered price mechanism (APM) and promptly dumped the follow-up process of oil sector reform; the UPA ministers agenda is innocent of reform. Since successive governments agree on administering oil prices, the least that the government should do is to do it well. (India Times)
