By The Nation
The flight, to follow a non-commercial one on December 21, is to support the company’s Travel Green initiative that is part of its corporate social responsibility (CSR) programme.
THAI president Piyasvasti Amranand said yesterday that under the CSR strategy, the airline had developed an important project on sustainability, in line with His Majesty the King’s vision on renewable energy. Using jet biofuel is a way to help reduce carbon-dioxide emissions, which contribute to global warming.
“THAI is pioneering the use of jet biofuel in Asia, with the hope that in future other carriers in the region will follow suit,” he said.
The inaugural flight on December 21 will use a Boeing 777-200 aircraft. On the flight will be members of the press and representatives from various organisations that support THAI’s biofuel project, such as PTT, Aeronautical Radio of Thailand, the Department of Civil Aviation, Rolls-Royce and Boeing. – The Nation
China inflation hits low
China’s inflation reached a 14-month low and industrial production rose less than forecast, bolstering the case for more stimulus measures to shore up growth in the world’s second-largest economy.
Consumer prices rose 4.2 per cent from a year earlier, the Statistics Bureau said on its website. Output gained 12.4 per cent, the smallest increase since August 2009 and below a median forecast of 12.6 per cent. A separate report showed passenger-car sales rose the least in six months.
Premier Wen Jiabao’s government may telegraph at an annual economic works conference in coming days that growth is now a greater concern than inflation, given risks posed by Europe’s crisis and a domestic property-market slowdown. Investors have been paring back expectations for gains in the yuan as China slows, with 12-month non-deliverable forwards yesterday suggesting a 0.8-per-cent decline against the US dollar.
“Curbing inflation is a good thing, but the reason inflation is slowing is [that] the global economy is slowing,” said Koji Toda, chief fund manager at Resona Bank in Tokyo. , which oversees the equivalent of $68 billion. “If you see that fact, you can’t be so optimistic.”
China will maintain a “prudent” monetary policy and a “proactive” fiscal policy next year, the official Xinhua news agency reported yesterday, citing a meeting of the Communist Party’s Politburo chaired by President Hu Jintao ahead of the works conference. – Bloomberg