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BUSINESS IN BRIEF 19/11

The President of the Sri Lankan Chamber of Industry and Commerce (SCIC), Asoka Hettigoda, expressed his wish to seek opportunities to import goods from Vietnam and cooperate with Vietnamese businesses in such fields as medical equipment manufacturing, construction of hospitals and hotels, pharmacy, garment making, coconut, tea and rubber processing and jewelry making. Mr Asoka Hettigoda also emphasized that Sri Lanka has great advantages in exporting tea, pepper and spices. From December, Air Mekong will service between Buon Ma Thuot and Vinh cities on Tuesdays, Wednesdays, Thursdays and Saturdays, or one more flight compared to its existing schedule. The airline credited this expansion to the route launched in October to connect the Central Highlands with the north of central Vietnam to a high occupancy rate of 80% and continuously rising demand. As one of the many increasing efforts to raise the quality of accountancy in Viet Nam, CPA Australia has recently appointed four leading auditing and consulting companies in the market as Recognised Employer Partners (REP), a programme designed to help employers attract, develop and retain top accounting and finance staff for their organisations. Guangzhou Buon Ma Thuot Coffee Company in Guangdong Province of China has patented two Vietnamese brands. The “Buon Ma Thuot và chữ Hán” (Buon Ma Thuot in Han-Chinese script) coffee brand, for the period November 14, 2010 to November 13, 2020 and the “Buon Ma Thuot Coffee-1986” for the period June 14, 2011 to June 13, 2021. According to the Southern Regional Plant Protection Center, farmers in the Mekong Delta Provinces have transplanted rice saplings on approximately 170,000-180,000 hectares for the 2011-2012 Winter-Spring crops. While farmers in Tien Giang, Long An and Dong Thap Provinces will transplant by the end of November. Hence, fertilizer demand will increase substantially.

What a steal! Anti-theft devices zap car insurance rates

Auto theft rates have fallen to vintage levels, but the reasons for the decline are thoroughly modern.

Improved technology designed to thwart thieves led to an estimated 7.2 percent drop in auto thefts in 2010, compared to the 794,616 stolen in 2009, according to the FBI.

If the figure holds when totals are finalized later this year, it will mean the lowest number of thefts since 1967, says National Insurance Crime Bureau (NICB) spokesperson Frank Scafidi.

These days, “more theft protection bells and whistles come from the manufacturer,” Scafidi says.

But even if your vehicle is older than Justin Bieber, you can take precautions to make it less of a target while potentially saving on your car insurance rates. Car insurance discounts

There’s no set discount for what you can save on auto insurance by installing various types of anti-theft devices. But having these watchdogs installed “definitely does make a difference” in your search for affordable car insurance, says Alicia Charles-St. Juste, senior assistant vice president of sales and client services at Amica.

Only nine states – Florida, Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New Mexico, Pennsylvania and Rhode Island – require auto insurers to provide discounts on your comprehensive coverage rates if an auto is equipped with an anti-theft device. Even in states where discounts for anti-theft devices aren’t mandated, some car insurance companies still voluntarily offer them.

Discounts often run about 15 percent to 20 percent for passive devices that activate automatically when you lock your vehicle, according to the National Association of Insurance Commissioners (NAIC). Combining an anti-theft device with a vehicle-recovery system, such as LoJack or OnStar, can net you at least a 25 percent discount in Massachusetts.

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