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Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the National Compliance Regulatory Authority and the Consumer Affairs Commission will be increasing visits to supermarkets and to other entities within the distributive trade, to ensure that prices for goods are stable.
“We are and will continue to monitor trade. We have a taskforce here and we will continue to keep track of the situation and increase our visits to supermarkets. We are going to pay keen attention to prices,” he said.
“Right now, oil prices are falling, which we anticipate will have a positive impact on most of our companies and retailers in terms of pricing. Pricing has to be balanced. We will be keeping a check on what is happening and we will be providing regular updates to the country,” the State Minister said.
“The Government, as well as members of the private sector, are taking the potential impact of COVID-19 seriously and are putting the necessary measures in place to protect the country’s food supplies,” he added. Emphasis will be placed on the priority sectors of manufacturing and agriculture/agribusiness as well as the emerging industries of medical cannabis, hemp and bamboo.

(Source: JIS)

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The Japanese yen and Swiss franc pulled back from recent highs on Tuesday as investors judged that the chances of an all-out conflict between the United States and Iran had fallen.
The safe-haven yen fell from a three-month high versus the dollar, although sentiment remains fragile due to continued worries about a further deterioration in relations between the U.S. and Iran.
The U.S. currency, the world’s most liquid, is often bought in times of market flux, but its performance has been mixed in recent sessions - slightly better-than-expected euro zone business survey data on Monday supported the euro.
The euro was little moved by data showing inflation in the euro zone had accelerated in December and retail sales were stronger than expected.
Recent survey data has pointed to improving investor and business confidence in the euro zone.

(Source: Reuters)

President Donald Trump signed a bill into law that expresses S. support for Hong Kong protesters, a move that will strain relations with China and further complicate the president’s effort to wind down his trade war with Beijing.
The legislation requires annual reviews of Hong Kong’s special trade status under American law, and sanctions against any officials deemed responsible for human rights abuses or undermining the city’s autonomy.
China’s foreign ministry had urged Trump to prevent the legislation from becoming law, warning the Americans it “will take strong countermeasures” against it.
The new U.S. law comes just as Washington and Beijing have shown signs of working toward what the White House calls a “phase-one” deal to ease the trade war.