Search Results for: Indonesian

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 MARK ROWE
THE INDONESIAN state-owned oil and gas firm Pertamina is to cut its workforce by more than 33 per cent as it moves towards privatisation. Up to 10,000 jobs will go, reducing the workforce to 16,000. Some 2,000 employees will be let go every year even though the company admitted the action was ” a drastic step” with a high social cost.…

BY MARK ROWE
THE INDONESIAN government is to launch a campaign to revitalise the country’s footwear industry and dramatically increase its capacity. Under the plan, the industry, which employs around 389,000 people at present, is expected to expand by a further 100,000 or so workers in the next few years as the government pushes to boost exports of domestic products.…

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.…

BY MARK ROWE
INDONESIAN textile producers have warned that their industry faces thousands of job losses as smuggled used garments flood the Indonesian market. The past few months have seen a rise in smuggled goods from China, Japan, Korea, Taiwan, the United States and some European countries.…

BY KEITH NUTHALL
THE INTERNATIONAL Maritime Bureau has made a public appeal to the Indonesian government to prosecute pirates who were seized earlier this year, but who have yet to face charges in court. The IMB, which is part of the International Chamber of Commerce, is concerned that the pirates may be treated leniently.…

KEITH NUTHALL
THE DISMANTLING of the Indonesian price regulator APKINDO and short-termist over-production in the south east Asian country has been blamed by the United Nations as the source of continual instability in world markets for this key timber product. Since the abolition of the organisation, said the new 2000-2001 World Commodity Survey from the UN Conference on Trade and Development, (UNCTAD), “the plywood market has witnessed extremely volatile prices.”…

BY KEITH NUTHALL
THE INDONESIAN navy has recovered a stolen oil tanker from pirates, who seized it near the Shell refinery at Port Dickson, the Malacca Straits. The International Maritime Bureau – part of the International Chamber of Commerce – provided important information about the ship, via its Piracy Reporting Centre in Malaysia.…

BY SIMON WILCOX, in Singapore
IN a dim and distant era before electronics and semiconductors, Singapore was a tiny backwater in the Malay kingdom of Johor-Riau, its inhabitants depending on jungle produce, fishing, small-scale trading and a little piracy for their livelihood.…

Keith Nuthall
THE EUROPEAN Union Council of Ministers has voted to impose definitive anti-dumping duties on imports of polyester textured filament yarn from Thailand and Indonesia. Thai companies will have to pay additional duties of 20.2 per cent, with ministers approving lower duties for two companies, namely Tuntex (Thailand) PLC, (6.7 per cent) and Sunflag (Thailand) Ltd, (4.8 per cent).…