News: Monday, September 06, 2010 
Article of the Day
Proposed Bill could increase Government Transparency
By Stan Rogers
A bill working its way through parliament could make the Kazakhstani government more transparent, IWPR reported September 2.
The bill would impose shorter deadlines for government agencies to produce requested information, a clear definition of confidentiality to prevent withholding of material for dubious reasons, and a requirement that agencies record and track verbal requests for such information.
Public hearings on the bill took place during August. A conference scheduled for the end of September will summarise recommendations from those hearings and submit them to the Communications Ministry. Parliament likely will receive a finalised draft bill in 2011, IWPR reported.
The UN Development Programme and local media and civil society groups helped draft the legislation. President Nursultan Nazarbayev called earlier this year for more transparency and accountability in government, according to Central Asia Online.
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Kazakhstan General
Disabled Kazakhs press for Access in Almaty
Several nongovernmental organizations representing physically disabled people in Almaty have launched a campaign to bring attention to their problems in Kazakhstan's largest city, RFE/RL's Kazakh Service
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Liu Yunshan says China confident in Astana's Ability to host 7th Asian Winter Games
By Daniyar Sihimbayev
Almaty Akim and Chairman of Almaty branch of the Nur Otan Party, Akhmetzhan Yesimov received member of the Political Bureau of the Central Committee
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Kazakhstan will do Everything Necessary for the OSCE Summit - Nazarbayev
While preparing to host the Organisation for Security and Co-operation in Europe’s (OSCE) Summit and while it takes place, Kazakhstan will demonstrate its hospitality, openness and
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Oil and Gas Sector
Kazakhstan and Russia plan to sign Agreement on Imashevskoye Field in September
Kazakhstan and Russia plan to sign an intergovernmental agreement on joint geological study and exploration of the Imashevskoye gas-condensate field as part of the Kazakh-Russian Forum
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Kazakhstan keeps Its Energy Options Open
Analysis by Aider Kurtmulayev
Moscow’s ally seeks to build energy ties with Russia, but nurtures relations with Europe and China as well in an attempt to
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Finance and Investment
Kazakhstan joins Swiss IMF Constituency
Kazakhstan will join the Swiss constituency in the International Monetary Fund (IMF) and World Bank, as per an agreement reached on Friday, when Swiss Finance Minister
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Masimov - We’ve stabilized the Banking System
By Muratbek Makulbekov
Amid the world financial and economic crisis, the government of Kazakhstan took appropriate measures to mitigate its consequences, and the international expert community has
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Steppe Cement cuts Losses
Kazakhstan based cement supplier Steppe Cement knocked down half year losses to $4.6m from $19.5m the year before as demand recovers.
Revenue for the six months ended
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BTA Bank enters into RCTFF Agreement with RBS, Singapore Branch
BTA Bank has announced The Royal Bank of Scotland N.V., Singapore Branch has been appointed to act as Agent and Security Agent under the Revolving Committed
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Metals and Minerals
Kazakhstan’s Local Mining & Exploration Company - Hambledon
By Darrel Moore
Searching for gold in Kazakhstan and increasing production at a lower cost.
Hambledon Mining plc is an AIM-listed gold mining and exploration company, currently
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Government approves Technical Rules governing Production, Processing and Storage of Coal
Kazakhstan’s government has confirmed technical regulations related to the safety of production, processing, storage and transportation of coal. The new rules have been published in Kazakhstan
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Trade and Consumer Goods
Risks of Further Large Wheat Price Hikes Ease - IMF
Wheat prices has risen almost 85 percent higher in the two months through early August. The rise was driven by a weather-related supply shock emanating from
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China upgrades Urumqi Trade Fair, eyes Broader Eurasia Prosperity
China will upgrade an annual trade fair held in Urumqi, capital of Xinjiang Uygur Autonomous Region, to a leading trade platform in the heart of Eurasia
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Real Estate
President surveys Northern Lights Residential Complex
By Murat Zhakeyev
President Nursultan Nazarbayev visited the “Northern Lights” Residential Complex on Friday, which was financed under the state anti-recession program for the completion of construction
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Construction of Central Astana to be completed shortly
The construction of central Astana will be finished in the near future, President of Kazakhstan, Nursultan Nazarbayev said during his visit to the Emerald Quarter administrative
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Regional Business News
Suicide Attack kills 3 Soldiers in South Russia
By Clifford J. Levy
A suicide bomber drove a car packed with explosives into a military installation in a Muslim region of southern Russia early Sunday, killing
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Kyrgyz Police arrest Colonel’s Suspected Slayer
By Stan Rogers
An unnamed suspect in the June slaying of a Kyrgyz police colonel has been arrested in the Almaty suburbs, Radio Free Europe/Radio Liberty reported
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Seven hurt in Tajikistan Nightclub Blast
Seven people were injured on Monday when an explosion ripped through a discotheque in Tajikistan's capital Dushanbe, in the latest blast to hit the troubled ex-Soviet
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: September 6, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: September 6, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: September 6, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
74.38
|
-.22
|
-.29
|
02:28 |
| Dated Brent Spot |
76.09 |
.11 |
.14
|
02:38 |
| WTI Cushing Spot |
74.60 |
-.42 |
-.56
|
09/03 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
205.30
|
-.43
|
-.21 |
02:17
|
| Nymex RBOB Gasoline Future |
191.82
|
-.13 |
-.07 |
02:23 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
3.90 |
-.04 |
-1.04 |
02:26 |
| Henry Hub Spot |
3.74 |
-.01 |
-.27 |
09/03 |
| New York City Gate Spot |
3.94 |
-.17
|
-4.14 |
09/03
|
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Commodities
Date: September 6, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
352.250 |
2.250 |
0.64 |
02:45 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1251.100 |
0.000
|
0.00 |
02:43 |
| SILVER FUTURE (USD/t oz.) |
19.940 |
-0.009
|
-0.05
|
02:35 |
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Metal Prices
Date: September 6, 2010; Source: Kitco.com
| Silver |
19.87 |
+0.02 |
| Platinum |
1559.00 |
+8.00
|
| Palladium |
530.00 |
+2.00
|
| Rhodium |
2,080.00 |
0.00
|
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Exchange rates
Date: September 6, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.29 |
1 CHF |
KZT 145.27 |
1 CNY |
KZT 21.66 |
1 TRY |
KZT 97.82 |
10 JPY |
KZT 1.75 |
| 1 EUR |
KZT 188.96 |
1 AUD |
KZT 134.02 |
1 KGS |
KZT 3.17 |
1 UZS |
KZT 0.09 |
|
|
| 1 GBP |
KZT 226.80 |
1 CAD |
KZT 139.70 |
1 RUB |
KZT 4.80 |
100 KRW |
KZT 12.53 |
|
|
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