CHINA'S CNPC TO BUILD LNG TERMINAL IN DALIAN
Dalian, China (ANTARA News/Asia Pulse) - The China National Petroleum Corporation (CNPC), the country's biggest oil producer, has started work on the construction of its first liquefied natural gas (LNG) terminal in Dalian, a port city in northeastern Liaoning Province.
The project, with a total investment of over 10 billion yuan (about $US1.4 billion), consists of a wharf, a receiving facility and transportation pipelines.
It is designed to receive supplies from Qatar, Australia and other overseas markets.
The terminal is designed to store 3 million tonnes of LNG and supply 4.2 billion cubic meters of gas every year in the first phase.
PT PAL RECEIVES $US180MLN ORDER TO BUILD CONTAINER SHIPS
Jakarta (ANTARA News/Asia Pulse) - State-owned shipbuilding company PT PAL Indonesia has received orders from a Thai shipping company for four container ships measuring 50,000 deadweight ton (DWT).
The order from Thoresen Thai Agencies (TTA) is worth US$180 million, PT PAL General Engineering and Maintenance Director Herbadi Noviano said.
Herbadi said the construction of the ships was to be completed in 2010-2013, adding that work could not start at once for the order as PT PAL had to honor contracts made earlier with other customers.
UZBEKISTAN'S ZEROMAX TO INVEST $US238MLN IN OIL, GAS FIELDS
Tashkent (ANTARA News/Asia Pulse) - Uzbek company Zeromax Gmbh has been granted a license to develop major new oil and gas fields in the ex-Soviet republic, said a government resolution Wednesday.
The Swiss-registered Zeromax is an emerging giant in Uzbekistan, controlling businesses in the oil and gas, textile and building sectors.
It owns 16% of a U.K. gold mining company active in Uzbekistan, Oxus Gold PLC (OXS.LN).
According to the document, Zeromax is to invest more than $US238 million between 2008-2012 to explore fields containing 102 million metric tons of hydrocarbons in the southwestern Bukhara and Khiva regions.
QANTAS TO FORM ENGINE MAINTENANCE JV
Sydney (ANTARA News/Asia Pulse) - Qantas Airways (ASX:QAN) is to form an engine maintenance joint venture with repair organisation Lufthansa Technik AG in an effort to increase its access to international customers.
Qantas will sell 50 per cent of its subsidiary Jet Turbine Services to Lufthansa as part of the agreement, the airline said in a statement today.
"The partnership ... is one of the most significant commercial aircraft maintenance joint ventures in Australia, combining Qantas expertise with that of the world's largest independent aircraft maintenance, repair and overhaul operator," Qantas chief executive Geoff Dixon said in the statement.
RENAULT SAMSUNG STARTS BUILDING NEW LOGISTICS CENTER
Seoul (ANTARA News/Asia Pulse) - The Renault Samsung Motors Co., the South Korean unit of French carmaker Renault SA, said Monday it had started building a new South Korean logistics center, in which it will invest 40 billion won (US$40.1 million).
The logistics center in Hamyang, some 330 kilometers southeast of Seoul, would be completed in 2012, the company said in a statement.
Renault Samsung aims to produce 200,000 vehicles this year, up 12 per cent from a year earlier.
MOBILE INTERNET SUBSCRIPTIONS UP 20PCT IN TAIWAN
Taipei (ANTARA News/Asia Pulse) - The number of mobile phone subscriptions registered for mobile Internet services soared 30 per cent year-on-year in the fourth quarter of 2007 to 11.86 million, but actual usage of the function lagged behind, an industry report has revealed.
The increase of 2.71 million mobile Internet subscriptions in Taiwan meant that 48.8 per cent of all cell phone subscriptions
had access to Internet service functions, according to a report released recently by the Foreseeing Innovative New Digiservices (FIND), a Web site run by the Institute for Information Industry to provide professional information on Internet demographics and trends.
CHINA'S COSCO, GPI TO TEAM UP ON COAL TRANSPORT JV
Jakarta (ANTARA News/Asia Pulse) - China's Ocean Shipping Company (Cosco) has agreed to team up with PT Global Putra International (GPI) to establish a joint venture coal transport company with an investment of up to US$1 billion.
GPI chief executive officer Sumadi Kusuma said the joint venture company would buy 8-10 ships for coal transport, mainly from Indonesia to China.
A ship would cost around US$50 million to US$100 million, with a capacity of 50,000 tons - 100,000 tons, Sumadi said.
The ship would fly the Indonesian flag to avoid problems upon the implementation of the cabotage principle in the country in 2010, he said.
PT LAJUR PERDANA INDAH TO INVEST $US222MLN IN SUGAR PROJECT
Jakarta (ANTARA News/Asia Pulse) - PT Laju Perdana Indah plans to build a sugar refinery with an investment of Rp2 trillion (US$222 million) in South Sumatra.
The factory, which will have an annual production capacity of 75,000 tons, would be built with 20,000 hectares of sugarcane plantations, the Indonesian Sugar Association (AGI) said.
AGI chairman Faruk Bakrie said the new factory would contribute to the country's efforts to meet its annual sugar requirement of four million tons a year.
Three prospective investors had been selected by the government and PT Laju Perdana Indah had been declared as meeting the requirements, Faruk said.
SOUTH KOREA TO SET UP INDUSTRIAL PARK FOR JAPANESE COMPANIES
Seoul (ANTARA News/Asia Pulse) - South Korea will set up a specialized industrial park for Japanese high-tech parts and materials manufacturers, a senior government policymaker said Monday.
Speaking at the Korean Investment Forum in Tokyo, Knowledge Economy Minister Lee Youn-ho said the park aims to attract Japanese businesses and help reduce South Korea's trade deficit with its neighbor.
The bulk of South Korea's trade deficit with Japan has been caused by the need by local companies to import value-added parts and intermediate goods from Japan so that finished goods can be made in Korea for both domestic consumption and export.
INDONESIA'S PT NUSANTARA TO ACQUIRE 51PCT OF SEMEN BOSOWA
Jakarta (ANTARA News/Asia Pulse) - Publicly-listed construction company PT Nusantara Infrastructure (JSX:META) will soon acquire 51 per cent of cement producer PT Semen Bosowa Maros at a price of Rp700 billion ($US76.6 million).
Nusantara had secured a loan pledge from banks in Singapore to finance the acquisition, its President Muhammad Ramdani Basri said.
He hoped the process of acquisition would be completed towards the end of the year.
His company would continue its ambition to expand its operations until 2010, by planning to acquire another company operating in drilling industry this year.
Source:
Business in Asia Today - APRIL 21, 2008
published by Asia Pulse
COPYRIGHT © 2008
Dalian, China (ANTARA News/Asia Pulse) - The China National Petroleum Corporation (CNPC), the country's biggest oil producer, has started work on the construction of its first liquefied natural gas (LNG) terminal in Dalian, a port city in northeastern Liaoning Province.
The project, with a total investment of over 10 billion yuan (about $US1.4 billion), consists of a wharf, a receiving facility and transportation pipelines.
It is designed to receive supplies from Qatar, Australia and other overseas markets.
The terminal is designed to store 3 million tonnes of LNG and supply 4.2 billion cubic meters of gas every year in the first phase.
PT PAL RECEIVES $US180MLN ORDER TO BUILD CONTAINER SHIPS
Jakarta (ANTARA News/Asia Pulse) - State-owned shipbuilding company PT PAL Indonesia has received orders from a Thai shipping company for four container ships measuring 50,000 deadweight ton (DWT).
The order from Thoresen Thai Agencies (TTA) is worth US$180 million, PT PAL General Engineering and Maintenance Director Herbadi Noviano said.
Herbadi said the construction of the ships was to be completed in 2010-2013, adding that work could not start at once for the order as PT PAL had to honor contracts made earlier with other customers.
UZBEKISTAN'S ZEROMAX TO INVEST $US238MLN IN OIL, GAS FIELDS
Tashkent (ANTARA News/Asia Pulse) - Uzbek company Zeromax Gmbh has been granted a license to develop major new oil and gas fields in the ex-Soviet republic, said a government resolution Wednesday.
The Swiss-registered Zeromax is an emerging giant in Uzbekistan, controlling businesses in the oil and gas, textile and building sectors.
It owns 16% of a U.K. gold mining company active in Uzbekistan, Oxus Gold PLC (OXS.LN).
According to the document, Zeromax is to invest more than $US238 million between 2008-2012 to explore fields containing 102 million metric tons of hydrocarbons in the southwestern Bukhara and Khiva regions.
QANTAS TO FORM ENGINE MAINTENANCE JV
Sydney (ANTARA News/Asia Pulse) - Qantas Airways (ASX:QAN) is to form an engine maintenance joint venture with repair organisation Lufthansa Technik AG in an effort to increase its access to international customers.
Qantas will sell 50 per cent of its subsidiary Jet Turbine Services to Lufthansa as part of the agreement, the airline said in a statement today.
"The partnership ... is one of the most significant commercial aircraft maintenance joint ventures in Australia, combining Qantas expertise with that of the world's largest independent aircraft maintenance, repair and overhaul operator," Qantas chief executive Geoff Dixon said in the statement.
RENAULT SAMSUNG STARTS BUILDING NEW LOGISTICS CENTER
Seoul (ANTARA News/Asia Pulse) - The Renault Samsung Motors Co., the South Korean unit of French carmaker Renault SA, said Monday it had started building a new South Korean logistics center, in which it will invest 40 billion won (US$40.1 million).
The logistics center in Hamyang, some 330 kilometers southeast of Seoul, would be completed in 2012, the company said in a statement.
Renault Samsung aims to produce 200,000 vehicles this year, up 12 per cent from a year earlier.
MOBILE INTERNET SUBSCRIPTIONS UP 20PCT IN TAIWAN
Taipei (ANTARA News/Asia Pulse) - The number of mobile phone subscriptions registered for mobile Internet services soared 30 per cent year-on-year in the fourth quarter of 2007 to 11.86 million, but actual usage of the function lagged behind, an industry report has revealed.
The increase of 2.71 million mobile Internet subscriptions in Taiwan meant that 48.8 per cent of all cell phone subscriptions
had access to Internet service functions, according to a report released recently by the Foreseeing Innovative New Digiservices (FIND), a Web site run by the Institute for Information Industry to provide professional information on Internet demographics and trends.
CHINA'S COSCO, GPI TO TEAM UP ON COAL TRANSPORT JV
Jakarta (ANTARA News/Asia Pulse) - China's Ocean Shipping Company (Cosco) has agreed to team up with PT Global Putra International (GPI) to establish a joint venture coal transport company with an investment of up to US$1 billion.
GPI chief executive officer Sumadi Kusuma said the joint venture company would buy 8-10 ships for coal transport, mainly from Indonesia to China.
A ship would cost around US$50 million to US$100 million, with a capacity of 50,000 tons - 100,000 tons, Sumadi said.
The ship would fly the Indonesian flag to avoid problems upon the implementation of the cabotage principle in the country in 2010, he said.
PT LAJUR PERDANA INDAH TO INVEST $US222MLN IN SUGAR PROJECT
Jakarta (ANTARA News/Asia Pulse) - PT Laju Perdana Indah plans to build a sugar refinery with an investment of Rp2 trillion (US$222 million) in South Sumatra.
The factory, which will have an annual production capacity of 75,000 tons, would be built with 20,000 hectares of sugarcane plantations, the Indonesian Sugar Association (AGI) said.
AGI chairman Faruk Bakrie said the new factory would contribute to the country's efforts to meet its annual sugar requirement of four million tons a year.
Three prospective investors had been selected by the government and PT Laju Perdana Indah had been declared as meeting the requirements, Faruk said.
SOUTH KOREA TO SET UP INDUSTRIAL PARK FOR JAPANESE COMPANIES
Seoul (ANTARA News/Asia Pulse) - South Korea will set up a specialized industrial park for Japanese high-tech parts and materials manufacturers, a senior government policymaker said Monday.
Speaking at the Korean Investment Forum in Tokyo, Knowledge Economy Minister Lee Youn-ho said the park aims to attract Japanese businesses and help reduce South Korea's trade deficit with its neighbor.
The bulk of South Korea's trade deficit with Japan has been caused by the need by local companies to import value-added parts and intermediate goods from Japan so that finished goods can be made in Korea for both domestic consumption and export.
INDONESIA'S PT NUSANTARA TO ACQUIRE 51PCT OF SEMEN BOSOWA
Jakarta (ANTARA News/Asia Pulse) - Publicly-listed construction company PT Nusantara Infrastructure (JSX:META) will soon acquire 51 per cent of cement producer PT Semen Bosowa Maros at a price of Rp700 billion ($US76.6 million).
Nusantara had secured a loan pledge from banks in Singapore to finance the acquisition, its President Muhammad Ramdani Basri said.
He hoped the process of acquisition would be completed towards the end of the year.
His company would continue its ambition to expand its operations until 2010, by planning to acquire another company operating in drilling industry this year.
Source:
Business in Asia Today - APRIL 21, 2008
published by Asia Pulse
COPYRIGHT © 2008
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