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ASIAN BUSINESS
Asian shoppers' fondness for buying on the internet along with the
region's steady economic growth should boost Asia's plastics demand for the
next two years.
Asia's e-commerce market may expand by more than 30 per cent to an average per
year of $960 billion in 2017 and 2018, from an average per year of $730 billion
a year in 2015 and 2016, according to business consultants Frost &
Sullivan.
This will open up demand for polyethylene, a plastic mainly used in packaging materials like films, grocery bags
and bubble wraps. Asia's demand for polyethylene is expected to reach 41 million tonnes in 2017, up 5.1 per
cent from 2016, according to an outlook from IHS Markit.
Asia's surging plastics demand will defy a broader downturn
in the petrochemicals sector and will mitigate "go-green" efforts
that are urging bans on plastic packaging. A continued upswing in Chinese imports will also
drive plastics demand, helping to maintain petrochemical margins through at
least 2018.
"Products that are manufactured are already packaged
but when sold through e-commerce, they need to be individually re-packed and
shrink-wrapped for transportation to end buyers," said JP Nah, director of
polyolefins at IHS Markit Chemical.
BANKING
In order to improve financial inclusion in the country, the
Reserve Bank of India (RBI) is now looking at exploring the possibility of
introducing interest-free banking in the country.
“Some sections of the Indian society have remained financially excluded for religious reasons that preclude them from using banking products with an element of interest. Towards mainstreaming these excluded sections, it is proposed to explore the modalities of introducing interest-free banking products in India in consultation with the government,” said the central bank's annual report released on Monday.
“Some sections of the Indian society have remained financially excluded for religious reasons that preclude them from using banking products with an element of interest. Towards mainstreaming these excluded sections, it is proposed to explore the modalities of introducing interest-free banking products in India in consultation with the government,” said the central bank's annual report released on Monday.
In the interest-free banking regime, instead of extending
cash loans, the lender buys and leases the product for which a loan is required
and in turn earns rentals on it. Islamic banking is also based on the same
principle and some foreign lenders such as the National Development Bank, among
others, have been in dialogue with the regulator to allow them to introduce an
Islamic Bank in the country.
These lenders believe that this form of banking can help in providing credit, especially to the sections that fall within the small and medium enterprise segment that banks may not be very comfortable in lending to due to either the credit risk involved, or the small quantum of loans.
These lenders believe that this form of banking can help in providing credit, especially to the sections that fall within the small and medium enterprise segment that banks may not be very comfortable in lending to due to either the credit risk involved, or the small quantum of loans.
SUPPLY CHAIN
GE
Transportation announced the purchase of ShipXpress on August 30, saying the
acquisition of the developer of cloud-based software for the transport,
industrial and commodities sectors would expand GE’s portfolio into the
logistics value chain and increase its ability to deliver information and
transaction services for railway customers around the world.
‘By
combining ShipXpress’ innovative software products with GE’s sensing technology
and industrial-strength platform Predix, we’ll deliver the industry’s most
advanced, scalable cloud-based solution to accelerate the movement of goods and
information, and enhance supply chain performance and customer service’, said
GE Transportation President & CEO Jamie Miller. ‘Our combined capabilities
will help short-line railroads better analyse their rail operations, car
accounting and supply chain information, and deliver a data-rich path to
ongoing performance improvement, asset and operations optimisation.’
__________________________________________________________
Source of
Information for this issue: Google alert accessed on Sept 5, 2016
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Best wishes
Compilation
Sabita Sahu
Sabita Sahu
Asst Librarian
Information and
Documentation Division, Chanakya Central Library
Asian School of
Business Management
Shiksha Vihar Bhola,
Barang Khurda Road,
Chandaka
Bhubaneswar-754012
Tel:0674-2374832, 2374833
E-mail:library@asbm.ac.in, 
Sabita Sahu, Asst Librarian, Knowledge and Information Services Unit, Chanakya Central Library, Asian School of Business Management, Bhubaneswar. library@asbm.ac.in ; www.asbm.ac.in
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