Search Results for: Indonesia

BY MARK ROWE
MONEY launderers looking to process their criminal gains look favourably upon south-east Asia. Authorities in the region are under-funded and overworked, while cash-transactions are a cultural norm, making it easy to ensure that money you would prefer not to be traced can simply disappear, with little likelihood that anyone will have the time to investigate the transaction.…

BY ALAN OSBORN
1902-1912

British American Tobacco was created on September 29th 1902 as a joint venture between Imperial Tobacco Company of the UK and the American Tobacco Company of the US following a fierce trade war. The parent companies agreed not to trade in each other’s domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.…

BY MONICA DOBIE
A HIJACKED tanker ship was recently retrieved for its rightful owners in a joint effort by the International Maritime Bureau and Thai marine police. The “Han Wei” disappeared two days after leaving Singapore in March containing 1,950 metric tonnes of gas oil bound for Yangon, (Rangoon), Myanmar.…

BY SWINEETHA DIAS WICKRAMANAYAKA
Japan’s Nissan Motor Ltd has begun exporting vehicles from plants in Thailand to Indonesia as part of a plan to make the south-east Asian kingdom its main supplier of vehicles in the region. Nissan plans to take advantage of the fact that the Association of South East Asian Nations (ASEAN) is lowering duties on locally made vehicles to increase shipments in the region of passenger cars and pickup trucks from Thailand, and commercial vehicles from Indonesia.…

BY MARK ROWE
THE INTERNATIONAL Monetary Fund is to help set up an Islamic Financial Services Board to regulate and lay down standards for financial transactions throughout the Islamic world. A key aim of the project is to incorporate the special insurance tenets that exist in the Islamic business world into the wider capitalist system.…

BY MARK ROWE
THE NATIONAL oil companies of Malaysia and Indonesia and China’s PetroChina are competing to buy up US-based Devon Energy Corp’s Indonesian oil and gas fields. Devon Energy wants to sell US$1 billion in assets after spending more than US$7 billion in takeovers earlier this year.…

BY KEITH NUTHALL
CRIMINALS dream of a world without police and although such a concept might seem science-fiction, it is actually easy to commit offences away from the eyes of law enforcement: just hire a boat. On the high seas, there is no-one watching, which is why fishing crime is so common and difficult to detect.…

BY KEITH NUTHALL AND MONICA DOBIE
CONSIDERING the high value of many cargos shipped around the world, a rational observer might assume that pirates would ignore fishing boats in favour of vessels carrying spices, cigarettes, alcohol, metals or electrical goods. Not so.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDONESIA has emerged as a major producer of desiccated coconut during the last three years, and is now threatening Sri Lanka’s position in the world market, the chairman of the island’s desiccated coconut millers association has claimed.…

BY KEITH NUTHALL
THE INDONESIAN navy has dispatched three warships to the Malacca Straits following the release of International Chamber of Commerce’s Annual Piracy Report, which found they are still the most dangerous waters for commercial shipping in the world, the global business group claims.…