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Bonar's Blog

Go for it Alex, but don’t stop now
Go for it Alex, but don’t stop now The Press Association reports that Alex Salmond, Scotland First Minister, has attacked US claims that commercial factors played a part in the…

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I do enjoy the read very much, and your commentary.
Dennis Lay, RFT-Project Management, Moscow

Travel

Paradise found, in south Thailand
Paradise found, in south Thailand John Bonar reports on the treasure nestling within the JW Marriott portfolio in Southern Thailand’s…

Tags: Thailand JW Marriott Khao Lak Paradise Phuket Zeynal Atmacan Phang Nga Phang Nga Governor Yiamsuriya Palasuk Tsunami Andaman Sea Kites
The Magic of Borneo
The Magic of Borneo By John Bonar I’m biased. The 5-star Le Meridien Hotel, with an outdoor pool on…

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Latest News

Petrol bombs thrown at Russian Embassy in Minsk
In what could deteriorate relations between two former Soviet nations, unidentified assailants attacked the Russian Embassy with petrol bombs in Belarus' capital Minsk on Tuesday.
Putin makes Norilsk focus on pollution
By John Bonar Russian Prime Minister Vladimir Putin has again been forced to intervene in a feud between core shareholders in the Norilsk Nickel company. Unlike his first intervention in 2008 when he brokered an uneasy peace, this time he castigated and threatened them with fines if they did not put their differences behind them and clean up the pollution…
Coca-Cola completes Nidan juice acquisition
Coca-Cola Co. has finished its buyout of Nidan, a Russian juice maker. The Atlanta-based company said the acquisition will strengthen its commitment to Russia, where it has spent $2 billion since the early 1990's and plans to spend an additional $1 billion over the next 3 to 5 years.
Prokhorov to present hybrid cars to public vote in December
Russian billionaire Mikhail Prokhorov will present three electric vehicle models in December for public approval, he said on Tuesday. "If they don't like them, they can say 'we don't want these cars.' We will hold a vote on the Internet," said Prokhorov, an active blogger.
Nestle swaps 600 workers in Tuchkovo for 149 new jobs in Samara
International food company Nestle SA has trumpeted that by starting production of two premium chocolate lines in Russia's Samara region, a move that will create 149 new jobs and allows the Swiss food giant to assemble its Russian chocolate manufacturing operations in one place. Nestle said the two production lines for its premium brand Komilfo, which it acquired by purchasing…
South Korea's Lee Myung-bak to visit Russia
President Lee Myung-bak will visit Russia from Sept. 9 to 10 for a summit with President Dmitry Medvedev on bilateral economic and security issues, including North Korea, Cheong Wa Dae, the executive office and official residence of the South Korean head of state said Wednesday.
Lukoil posts reduced profits,wins tax concessions and bids for new fields
Lukoil, Russia's second-largest oil producer, said this week that its second-quarter net profit dropped 16 percent from a year ago to $1.9 billion due to a rise in export duties and cost inflation but its cash-flow is good as sales rose to $25.8 billion from $20.1 billion a year earlier, driven by higher oil prices. Oil production remained flat at 24 million…
Russia to supply 70% of Chinese refinery's needs
Russian companies will supply about 70 percent of the required oil at market prices for a joint refinery project involving China's CNPC and Russia's Rosneft, China's Energy Minister Zhang Guobao said on Tuesday. "The issue is resolved following friendly talks," Guobao said after an energy cooperation subcommittee meeting between the two countries.
Arctic Passage offers short cut to China
For 500 years, commodity traders have been trying to conquer the treacherous waters of the Russian Arctic passage – aware of its potential as a lucrative short-cut shipping route.The path is blocked all winter and only smaller cargo vessels manage to navigate through the icebergs for two to three months each summer. But last week, the first commercial supertanker…
Hayward "welcome" to any new post in TNK-BP, says Sechin
The Russian government will welcome outgoing BP CEO Tony Hayward to any new post in the Russian-British TNK-BP joint venture, Russian Deputy Prime Minister Igor Sechin said on Wednesday. "The format of work can be different," Sechin said, adding Hayward will be welcome in any post he may be appointed to.