Daily Archives: May 13, 2019

Behind the Wheel: The Goodwood Estate, in the fast lane for sustainable growth

What does the English ancestral home to the Dukes of Richmond have in common with one of the largest capital goods companies in the world? The Goodwood Estate and CNH Industrial: two global, multi-faceted businesses with a reputation for excellence in their various fields are committed to finding new, innovative and sustainable ways of working. Nowhere does this become more apparent than on Goodwood’s own Home Farm. Find out how an unlikely pairing became a successful partnership in the latest Behind the Wheel webisode: cnhindustrial.com/goodwood_en

London, May 13, 2019

The Goodwood name is synonymous with some of the most glamorous and iconic sporting events in the world but behind the scenes, working tirelessly to support the Estate, is its very own fully organic farm. Sustainability and organic farming are amongst Goodwood’s core values, values which are shared by CNH Industrial (NYSE: CNHI /MI: CNHI), a company at the forefront in the development and implementation of alternative fuel vehicles, precision farming and telematic solutions. The Company’s brands CASE Construction Equipment, New Holland Agriculture and IVECO are all involved in the partnership with Goodwood, from tractors to combines, from excavators to wheel loaders, to supplying commercial vehicles – no other single company could support all of the Estate’s varied vehicle needs.

Nestling in the rolling hills of the South Downs near the south coast of England, the farm has one of Britain’s first 100% organically fed dairy herds, and is also home to a flock of sheep, suckler cows and pigs. A “closed loop” system has been created where all the fodder for the animals is grown on the farm which in turn also runs its own butchery, bottles its own milk and makes its own cheeses. Most of the farm’s produce is delivered to the restaurants on the Estate and around the South East of the UK as well as used at the various sporting events.

This latest episode of Behind the Wheel shows the partnership at work and demonstrates how CNH Industrial’s brands are working together with Goodwood to help increase efficiency, productivity and sustainability on the Estate: cnhindustrial.com/goodwood_en

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Sign up for corporate news alerts from the CNH Industrial Newsroom: 

Media contact:

Laura Overall
Corporate Communications Manager
CNH Industrial
Tel. +44 (0)2077 660 338
E-mail: mediarelations@cnhind.com



Sequa Petroleum N.V. Annual Report 2018 and Notice of the Annual General Meeting of Shareholders

Sequa Petroleum N.V. Annual Report 2018 and Notice of the Annual General Meeting of Shareholders

The Sequa Petroleum N.V. (the Company) Annual Report 2018 is now available to download.

The Company has also published the agenda of the Annual General Meeting of Shareholders (AGM) to be held on 18 June 2019, at 11:00 a.m. hours CET.

On May 10th the Company’s Directors signed a new shareholder agreement with the Company’s main shareholder Sapinda, relevant details of which are reflected in the AGM documents.

A copy of the Annual Report and AGM documents is available on the Company’s website at www.sequa-petroleum.com

Adapt to New Technologies – PM Tun Dr Mahathir

PUTRAJAYA, May 13 2019 (Bernama) � Prime Minister Tun Dr Mahathir Mohamad said people need to adapt to new technologies to ensure they are not left out in the new world.

Speaking at the Sultan Abdul Hamid Old College Association (SAHOCA) breaking-of-fast event here tonight, he said the world was going through a new period where teaching in school has to be done in different ways, not in the way when he was in school.

Nowadays we use computer and things like that in order to teach lessons in school, and I hope they can adapt to this new system of teaching.

I believe when a new system is adopted by the government, it will make things easier on the children studying today, he said.

Also present was the prime minister’s wife Tun Dr Siti Hasmah Mohd Ali.

Dr Mahathir, who is the lifelong president of SAHOCA, also recalled his meeting with a 10-year-old chief executive officer of a company who taught him how to use computer.

She knows much more, in fact she was teaching me something quite new and she was very agile using the computer very quickly.

She showed me how to do it but I still couldn’t understand which part to press, to pull etc, he said, adding that it was not easy for old people like him to understand the new technologies.

Dr Mahathir also reminisced about explaining to his mother how a radio functioned after his father had bought the device when he was a child.

I told my mother that the radio gets news through the air. There is no wire linking the radio to the broadcasting station. But she didn’t believe it, he said.

Fortunately, he said, the young generation today were able to use new technology because it was not strange to them.

Source: Office of the Prime Minster Malaysia

Cambodia Dismisses Chinese Naval Base Editorial as Part of ‘Misinformation’ Campaign

Cambodia’s government has again denied that it will allow China to build a naval base on its coast, dismissing a recent editorial about the likelihood of such a project as misinformation aimed at damaging the country’s international image.

Last week, United States Studies Centre at the University of Sydney senior fellow Charles Edel wrote an editorial acknowledging the possibility that China could construct a base in Cambodia’s Koh Kong province based on satellite images showing a Chinese firm rushing to complete a runway capable of supporting military aircraft.

Published by Washington-based defense website War on the Rocks, Edel’s editorial noted that while Cambodia’s Prime Minister Hun Sen has dismissed reports of a possible Chinese base in the country, his independence seems increasingly doubtful, given the substantial political and economic support he has received from Beijing since winning an election last year widely viewed as unfree and unfair.

The logic of Chinese expansion suggests that sooner or later, Beijing will need such a military outpost in Southeast Asia, and Hun Sen’s Cambodia presents especially fertile geographic and political soil, wrote Edel, a former associate professor of strategy and policy at the U.S. Naval War College.

Edel listed several situations in which Beijing had invested in a country’s critical infrastructure, acquired a significant piece of waterfront territory through a Chinese company, and made assertions that the activity was purely commercial or humanitarian, only to use the site to further its strategic aims.

The pattern of Chinese actions indicates the real potential for a similar process to play out in Cambodia, Edel says.

This is especially true given the growing convergence between the way that Hun Sen defines Cambodian interests and Chinese foreign policy. Hun Sen has helped expand Beijing’s local and regional ambitions in exchange for political support and diplomatic backing from Beijing, closer military cooperation, and more development aid, concessional loans, and investment.

Edel warned that a Chinese base in Cambodia would rapidly shift the strategic landscape of Southeast Asia to the detriment of both the United States and its regional allies and partners, and urged concerned states to proactively shape the strategic environment by calling attention to what has already occurred, encouraging greater engagement by regional actors and local powers, and approaching the region from a broader perspective.

Edel’s editorial followed a Nov. 15, 2018 report by Hong Kong’s Asia Timesonline news portal, which cited unnamed diplomatic sources as saying that Beijing is building a 45,000 hectare (111,200-acre) naval base in Koh Kong�a report that was later cited by U.S. Vice President Mike Pence in a letter to Hun Sen.

Hun Sen has denied that his government would amend the constitution to allow China to build a naval base in the country as fake news and part of a foreign campaign to mislead the public and the international community with the intention of destroying the country’s independence and neutrality.

If such a naval base were built on the Gulf of Thailand, it would allow China to significantly expand patrols on the South China Sea, which Beijing claims much of, while rival Taiwan and ASEAN countries Brunei, Malaysia, the Philippines and Vietnam have their own stakes in the waters.

Government response

Over the weekend, Cambodian Ministry of National Defense spokesman Chhum Socheat took to Facebook to dismiss Edel’s editorial as misinformation, noting that Hun Sen had repeatedly denied the reports.

Such an aggressive act of labeling is mal-intended, politically motivated, aimed at distorting Cambodia’s international image, and an attempt to disrupt the country’s development, foreign direct investment, and booming tourism industry, he said.

Additionally, the spokesman said, Cambodian citizens are delighted that Chinese investors continue to trust in the country’s political stability.

In November 2017, Cambodia’s Supreme Court ruled to ban the main opposition Cambodia National Rescue Party (CNRP), months after its president, Kem Sokha, was arrested for an alleged plot to overthrow the government.

The dissolution of the CNRP was part of a wider crackdown by Hun Sen on the opposition, NGOs and the independent media, which paved the way for his ruling Cambodian People’s Party (CPP) to win all 125 seats in parliament in the country’s July 2018 general election.

While relations with the West have increasingly soured since the ballot, which was widely seen as a rollback of democratic freedoms, Cambodia’s government has in recent months touted improved ties with China, which typically offers funding without many of the prerequisites that the U.S. and EU place on donations, such as improvements to human rights and rule of law.

Chinese investment now flows into Cambodian real estate, agriculture and entertainment�particularly to the port city of Sihanoukville�but Cambodians regularly chafe at what they say are unscrupulous business practices and unbecoming behavior by Chinese residents, and worry that their country is increasingly bending to Beijing’s will.

‘Gang’ video

As concerns over China’s influence on Cambodia grow, Cheap Sotheary, Sihanoukville provincial coordinator for local rights group Adhoc, called on local officials to take action against a group of Chinese nationals living in Sihanoukville city who recently posted a video vowing to cause trouble for authorities.

In the video, which sparked anger among Cambodians on Sunday after it was posted to social media, a man claiming to be from China’s Chongqing city stands in front of around 20 shirtless comrades sporting tattoos and warns the camera that they have the ability to destabilize the region.

In a statement issued after the video was posted, China’s embassy in Cambodia said Chinese authorities would cooperate with Cambodian police to investigate what it suggested was a gang matter.

Speaking to RFA’s Khmer Service on Monday, Cheap Sotheary warned that authorities must act to prevent Chinese nationals from abusing the law in Cambodia, adding that the video was causing local residents and investors to fear for their safety.

If things remain as they are and we permit them to do anything they want, they will further disrespect our country and our loose law enforcement, she said.

Attempts to reach National Police General Commissariat Chhay Kimkhoeun went unanswered during business hours on Monday, but Sihanoukville provincial governor Yun Min told RFA over the weekend that all nationalities have good and bad people.

There are always both good and bad people coming to our country, so there is nothing we can do besides strengthening our law enforcement, he said.

Criminal activity

Last week, Cambodia’s government sought to downplay public criticism of Chinese investment in the wake of a recently released police report which found that Chinese citizens were the top perpetrators of crime committed by foreign nationals in the country in the first quarter of 2019.

The report came amid a string of high-profile arrests of Chinese nationals, including 163 people netted during a March police raid on a Siem Reap-based illegal online gambling ring, two people who shot a driver to death during a brazen daylight carjacking in Sihanoukville on Monday, and 28 people nabbed a day later in a bust of an online extortion scam operating out of Phnom Penh.

In September last year, outgoing Chinese ambassador to Cambodia Xiong Bo acknowledged the climbing rates of crime among Chinese living in Cambodia�including drug and sex trafficking and online or telephone scams�and thanked Cambodian authorities for helping to crack down, according to a Sept. 28 report in the Khmer Times.

A month later, a taskforce established by the Ministry of Interior to assist police in Sihanoukville province reported that Chinese criminal organizations had followed Chinese investment into the country and set up local operations.

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