Tuesday, 26 October 2010

UPDATE 2-US business urges Pelosi to not push China bill

* Top Democrat says China "not playing by the rules"
* House to hold hearing on China currency in September
* Lawmakers to vote on three manufacturing bills next week (Adds Hoyer quotes, background)
By Doug Palmera(Reuters) - A coalition of U.S. business groups urged House of Representatives Speaker Nancy Pelosi not to include legislation aimed at forcing China to revalue its currency in a pre-election package of bills intended to help U.S. manufacturers.
"We agree that China needs an exchange rate that better responds to global trade flows ... We strongly disagree that legislation is the best means to achieve that goal," the U.S.-China Business Council and about two dozen other business groups said in a letter released on Friday.
House Democrats, in the run-up to the congressional elections in November, have started touting a "Make it in America" agenda aimed at boosting manufacturing jobs.
Bowing to pressure for action on China's currency, which many lawmakers believe is unfairly undervalued against the dollar by 25 percent to 40 percent, the House Ways and Means Trade Committee will hold a hearing on possible legislative options when lawmakers return the week of Sept. 12 from a six-week recess that begins July 31.

"We're prepared to compete with anybody in the world but, we can't compete when the rules are skewed against us and that is what the hearing will address ... We frankly think there are a number of areas in which China is not playing by the rules," House Majority Leader Steny Hoyer told reporters.
Representative Tim Ryan, an Ohio Democrat, is expected to testify at the September hearing on a bipartisan bill he has crafted with Representative Tim Murphy, a Pennsylvania Republican, which has 130 co-sponsors in the House.
It would require the Commerce Department to apply countervailing or anti-dumping duties against countries that are found by the U.S. government to have a fundamentally undervalued exchange rate against the U.S. dollar.
It is similar to a bipartisan bill backed by Senator Charles Schumer of New York and others in the Senate.
"China is unlikely to proceed more quickly with currency reforms if threatened with this action," the business groups said in their letter to Pelosi and Hoyer.
Rather than accomplish its goal of helping U.S. manufacturers, the Ryan-Murphy bill would "likely result in the loss of jobs and market share in many competitive U.S. agricultural, manufacturing and service industries that either operate in or export to China," the groups said.
However, many U.S. steel, textile and other import-sensitive manufacturers say the legislation would help keep jobs in the United States.
The House will vote on three bills next week as part of its manufacturing agenda.
One would require the White House to develop and update a manufacturing strategy every four years.
A second would bar President Barack Obama from submitting any free trade agreement to Congress until a commission established by the bill makes recommendations for cutting the U.S. trade deficit and Congress has held hearings on the ideas.
The third would create a $15 million fund to support the development of a National Clean Energy Export Strategy and provide export assistance to clean energy companies.

Friday, 22 October 2010

Senior Executive / Executive-Internal Audit - The Lion Group

We are an established group of companies with diversified business interests in Malaysia and the Region. We provide you with a challenging environment to grow and progress in your career. Opportunities for advancement are excellent for those who excel in their performance. We are now seeking dynamic and highly motivated individuals to apply for the following position:-

Job Description:
  • Plan and execute audit assignments within the Group.
  • Document and report audit issues via a systematic approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Job Requirements:
  • Degree in Accounting, Finance or Business Management or equivalent professional accounting qualification;
  • Member of MIA or IIAM would be an added advantage;
  • Minimum 2-5 years’ operational auditing experience with in-depth knowledge of accounting and auditing standards;
  • Exposure to corporate risk management system;
  • A team player with strong work ethics, high level of professional integrity, maturity, independence and excellent analytical skill; and
  • Good communication & interpersonal skills.

Interested candidates are invited to apply online, email to recruit@lion.com.my or write-in, enclosing a comprehensive resume stating educational qualifications, working experience, current and expected salary, contact details ( telephone number and email address ) together with a recent passport-sized photograph ( non-returnable ) to the address below:

The Lion Group
Head Office Human Resources Division
Level 12, Office Tower, No. 1 Jalan Nagasari ( Off Jalan Raja Chulan ),
50200 Kuala Lumpur.

( Only short-listed candidates will be notified )

Cost Accountant – 1 position (Selangor - Banting) - Megasteel Sdn Bhd

MEGASTEEL SDN BHD a multi-billion dollar steel coils manufacturer with state of the art processes, technology and machinery is looking for competent and committed individual to complement our existing talented and dynamic team in our Steel Complex in BANTING, Selangor as:-


Responsibilities :
  • Responsible for performing cost accounting duties and analysis, management reporting cost and capital budgeting
  • Prepare and analyses monthly inventory report, assist in inventory control and coordinate annual stock take
  • Support daily costing and month end closing activities
  • Responsible for product costing analysis
  • Prepare and analyses month factory overheads
  • Assist in the preparation of yearly manufacturing budget

Requirements :
  • Professional Accounting Qualification/Diploma Holders
  • Minimum 5 year(s) of post qualifying working experience, preferably in a manufacturing environment
  • Ability to work independently,resourceful,good analytical ability and strong practical knowledge in areas of management accounting and costing
  • Good team player
  • Full-Time positions available
  • Willing to work in Banting

We offer an attractive remuneration package commensurate with your qualification and experience. Interested applicants are invited to apply online or submit their detailed resume to the following address:

LOT 2319 Kawasan Perindustrian Olak Lempit
Mukim Tanjung Dua Belas 42700 Banting Selangor.
Tel: 03-31818866 / 6666 / 31822000 (Ext.2120)
Fax: 03-31816921

E-mail: kathrine@megasteel.com.my

Admin Cum Accounts Assistant / Executive - PP Ventures Sdn Bhd

PP Ventures Sdn Bhd is in Information Communications Technology industries. We are now hiring a dynamic and proactive candidate who can deliver maximum work effort.

We wish to invite enthusiastic / qualified candidates to join us for the following position:

Responsibilities :
  • Provide office and sales support services in order to ensure efficiency and effectiveness within the PP Venture Office
  • Answer all incoming calls and handle caller’s inquiries whenever possible
  • Re-direct calls as appropriate and take adequate messages when required
  • Greet, assist and/or direct customers, visitors and the general public
  • Assist in the planning and preparation of meetings, conferences and conference telephone calls
  • Make preparations for all meetings in PP Ventures
  • Receive, direct and relay telephone messages and fax messages
  • Pick up and deliver the mail
  • Open and date stamp all general correspondence
  • Maintain the general filing system and file all correspondence
  • Respond to public inquiries
  • Provide word-processing and secretarial support, if any
  • Perform clerical duties in order to maintain PP Ventures administration
  • Prepare payment vouchers to vendors and other payees.
  • Preparing simple cash book and petty cash statement.
  • Preparing expenses claim for Directors
  • Perform other related duties as required.

Requirements :
  • SPM or Any Diploma or equivalent
  • Min 1 year working experience in related field
  • Able to communicate in English and BM
  • Able to work independently with minimum supervision
  • Preferably with knowledge of some basic accounting and computer literate
  • Fresh graduates are encouraged to apply
  • Pleasant personality, possess good interpersonal & communication skills

Interested candidates, kindly apply online with your detail resume.

PP Ventures Sdn Bhd (858923-A)
Lot 7.13, Level 7, 1 Tech Park,
Tanjung Bandar Utama, Bandar Utama,
47800 Petaling Jaya,
Selangor Darul Ehsan

E-mail: jolene@ppventures.com.my

(Only short listed candidates will be notified)

Admin / Account Executive - Infinity Financial Solutions Ltd

Infinity Financial Solutions Ltd is an offshore insurance broker registered in Labuan, Malaysia. Due to our rapid business expansion we now seek a capable and performance driven individual to join us in our Kuala Lumpur office.

Responsibilities :
Administrative duties related to expense claims, preparing commission reports, maintaining banking and accounts records as well as preparing business performance reports.

Requirements :
  • Must like working with numbers and be numerically capable. A basic understanding of accounting may be an advantage.
  • Microsoft Word and Excel knowledge is essential
  • Good command of English
  • Efficiency under pressure to meet the tight deadlines
  • Self motivation, hardworking and willing to learn
  • Minimum supervision

Interested applicants are invited to email with detailed resume stating qualification, experience, and current/expected salary and enclose a recent passport size photo to sun@infinityfinancialsolutions.com

(Only short listed candidates will be notified)

Wednesday, 20 October 2010

Mexico's largest pot bust likely hit Sinaloa gang

MEXICO CITY – Mexico's largest-ever seizure of marijuana packaged for sale is even bigger than the original estimate of 105 tons and probably belonged to the country's most powerful drug-trafficking cartel, authorities said Tuesday.
The Sinaloa cartel run by Mexico's most wanted fugitive, Joaquin "El Chapo" Guzman, now is moving drugs through the Tijuana corridor "unimpeded," said a U.S. law enforcement official in Mexico, a possible reason why violence has dropped in the city across the border from San Diego, California, since a bloody peak in 2008.
President Felipe Calderon recently praised the city's new calm as a success story in Mexico's drug war.
Many have speculated the drop in violence just means the Sinaloa cartel has cut a deal with remnants of the Arrellano Felix gang, which became one of the country's dominant cartels in the 1990s through control of Tijuana's lucrative land and sea routes leading into California, but has suffered from the arrests and deaths of its top leaders since 2002.
Calderon dismissed the idea of an arrangement in a recent interview with The Associated Press, saying the new calm came in part from government cooperation and the arrests of key cartel leaders.
"The truth is that in the last two years, the government has made important hits on the criminal structures," he told the AP.
But the U.S. official said it was a possibility.
"There could be a pact. We don't know for certain if there is one, what that pact would be. But Sinaloa has been able to operate there unimpeded by other cartels," said the official, who spoke on condition of anonymity for security reasons.
Mexican soldiers and police grabbed the U.S.-bound marijuana in pre-dawn raids Monday in three neighborhoods when 11 people arrested after a shootout led authorities to the drugs.

Army officials first said the drugs weighed 105 tons and had an estimated street value of 4.2 billion pesos, about $340 million. But authorities said the haul was even bigger Tuesday, counting 15,300 packages — 5,000 more than first announced. It weighed 134.2 tons, said Ramon Gomez, a spokesman for the federal Attorney General's office.
By comparison, U.S. authorities seized a total of 123 tons of marijuana during 2009 at all San Diego-area border crossings.
Calderon's security spokesman, Alejandro Poire, agreed the drugs likely belonged to Sinaloa and called it a historic seizure.
"This is an important milestone that demonstrates the ability of the Mexican state when security forces in three levels of government coordinate and take responsibility around a common goal," he said.
But the bust indicates what U.S. Department of Justice figures already show — that marijuana cultivation is up in Mexico since 2005, more than doubling to 21.5 million metric tons in 2008. Marijuana seizures on the U.S. side of the border also have increased from about 1,000 to 1,500 metric tons between 2005 and 2009.
A U.S. State Department report said the decline comes as Mexican security forces focus more harder drugs such as methamphetamines — but also on fighting and arresting the traffickers.
"With the Mexican military changing its role and more actively going after organized crime groups, it could have affected that, stopped crop eradication," the U.S. official said.
Poire denied the Calderon government has backed off of seizures and eradication, saying they are up over the first four years of the previous administration by 100 tons.
"This administration has maintained an important effort in the eradication and confiscation of illicit substances," he said.
The drugs were found stored in tractor trailers and houses wrapped in different colors and labeled with apparently coded phrases and pictures that included the cartoon character Homer Simpson. They appeared to make up a major distribution center traced directly to Guzman, who has expanded the reach of his cartel along the U.S.-Mexico border since escaping from prison in 2001.
The Sinaloa cartel controls distribution in neighboring Sonora state and the city of Mexicali, only 120 miles east of Tijuana. It also controls areas to the east and is warring for control of the border city of Cuidad Juarez, across from El Paso, Texas.

Sunday, 10 October 2010


A well established company engaged in general construction and other allied business such as constructing, developing and finishing works on major establishment and/or infrastructures URGENTLY needs high caliber and dynamic people to fill in the following key positions:

Duties and Responsibilities

Responsible for preparing financial statements. Assist in all phases of accounting-account management and reconciliation, collection process, sales report, inventory and administrative work as directed by the immediate superior

  • Male/ Female, graduate of Accountancy, Management and /or Financial Accounting,
  • Not more than 35 year old
  • Well versed in accounting/auditing principles, willing to do field work and night shift schedule, must be computer literate and with good communication skills
  • Willing to be assigned in designated branches if needed
  • For FINANCE OFFICER(S) position applicants must be a CPA

We encourage all qualified candidates to please come in person together with an updated resume and a copy of TOR to:


259 Mc Arthur Highway, Karuhatan, Valenzuela City beside BPI Valenzuela Branch across Macro LPG Gas Station

Telefax Number 293-5681 to 83

Email add: beaudrybuilders_hr@yahoo.com

Accounting / Audit Staff - Celine Marketing Corporation

Celine Group of Companies' vision is to be a retail company admired for delighting customers, developing people, contributing to society and sustaining the business.


We are passionate and responsible
  • We are stewards who take full responsibility for our work
  • We are service-oriented with a can-do & will-do attitude
  • We are proactive and results-oriented

We strive for excellence
• We are focused and disciplined to always do our best
• We are organized and we manage our time well
• We are careful and detail-oriented

We are a cut above the rest
• We keep ahead in our areas of expertise
• We are sharp, creative, and independent thinkers
• We are articulate; we speak and write well

We are committed to developing our people
• We constantly seek to improve and are not afraid to ask for help
• We go out of our way to help develop others
• We take and give feedback professionally

We are upright and presentable
• We are people of character and integrity
• We are emotionally-stable, family-oriented and socially responsible
• We project a positive image in confidence, health and appearance

We enjoy working with each other
• We are friendly, cheerful, and sometimes funny
• We respect each other and do not put anyone down
• We delight and share in each others’ sucesses and challenges

  • Male or Female, not over 26 years old
  • Graduate of BS Accountancy and related course
  • Candidate must possess at least a Bachelor's/College Degree, Finance/Accountancy/Banking or equivalent
  • Must be reliable, highly analytical and possess a high sense of confidentiality
  • With good interpersonal skills
  • Required language(s): English, Filipino
  • At least 1 year(s) of working experience in the related field is required for this position
  • Applicants must be willing to work in Pasig City
  • Preferably 1-4 Yrs Experienced Employees specializing in Finance - Audit/Taxation or equivalent
  • 5 Full-Time positions available

Preference will be given to candidates who apply ONLINE

You may also send your resumes at 

hrd-recruitment@celine.com.ph or joanne.angeles@celine.com.ph


A Multi-National Logistics Company is in need of the following top caliber professionals:

  • Accounting Graduate/ business course
  • With at least 2 years work experience in billing, credit & collection
  • Well versed in Microsoft Excel, Word & PowerPoint
  • With at least one year work experience in a computerized accounting environment
  • Should be detailed oriented, diligent, conscientious, committed & honest
  • Can communicate effectively, both verbal and written
  • Willing to be trained to handle SAP AR module

Interested applicants may send their application letter and comprehensive resume with latest 2x2 picture to the following: 6th Flr. TM Kalaw Center, 667 TM Kalaw, Ermita Manila 

or email it to