Indonesian parliament approves privatising of three major state firms
">
Indonesian parliament approves privatising of three major state firms

Saturday, September 20, 2008

The parliament of Indonesia has approved government plans to make an Initial Public Offering (IPO) of shares in three major state-owned firms, privatising them. They are steelmaker Krakatau Steel, Bank Tabungan Negara (BTN) and national flag carrier Garuda Indonesia.

The parliament has left the process fully in the hands of the government, and has set the maximum stake to be sold at 30% for BTN and Krakatau, and 40% for Garuda. Although Indonesia has been known to fund budget deficits with privatisation, the intention is for the funds from this scheme to go to the businesses themselves to allow expansion.

Krakatau expects 3.2 trillion Rupiah (IDR) from the sale, while the estimated price for their stock is between IDR3 and IDR4 trillion (321 – 428 million USD). Both ArcelorMittal SA, the biggest steelmaker in the world, and BlueScope Steel Ltd, the largest in Australia, have expressed an interest in the IPO. Krakatau will use the funds to help finance an expansion scheme which aims to have production doubled to five million tonnes in 2011.

BTN, which focuses on home owner loans, has set itself a target income of IDR36.12 trillion (3.86 billion USD) in 2010 compared to a projected IDR22.9 trillion ( 2.45 billion USD) this year. Net profit for this year is projected at IDR472 billion (50.5 million USD)and is hoped to rise to IDR1.39 trillion (148.7 million USD) in 2010. The bank’s loan to deposit ratio is predicted to rise from 105.05% this year to 144.93% in 2012. BTN hopes to conduct its IPO before the end of 2008.

HAVE YOUR SAY
Is the Indonesian government right to keep majority holdings?
Add or view comments

Garuda is not quite 100% state-owned to start with, unlike the other two, but is very close with 95.44% of the company belonging to the government. Like all of Indonesia’s 51 airlines, Garuda is on the list of air carriers banned in the EU due to safety concerns raised after a string of air accidents in the nation. Garuda expects to raise IDR4.2 trillion (449.4 million USD) in funds from the IPO, and will use IDR2.5 trillion (267.5 million USD) to pay off its debts and invest IDR1.7 trillion (181.9 million USD) in new aircraft.

The government is still working to get a deal to make IPOs for architectural firm Yodya Karya and three plantation firms called Perkebunan Nusantara III, IV and VII.

Ontario Votes 2007: Interview with Progressive Conservative candidate Pam Hundal, Bramalea—Gore—Malton
">
Ontario Votes 2007: Interview with Progressive Conservative candidate Pam Hundal, Bramalea—Gore—Malton

Thursday, October 4, 2007

Pam Hundal is running for the Progressive Conservatives in the Ontario provincial election, in the Bramalea—Gore—Malton riding.

Wikinews’ Nick Moreau requested an interview regarding her values, her experience, and her campaign. In response, Hundal’s campaign office did not send replies to the questions asked, but a general statement. Moreau has excerpted parts of her statement, placing them as answers to related questions. However, a great number of questions have been skipped in the process.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Boxing great Muhammed Ali dies aged 74
">
Boxing great Muhammed Ali dies aged 74

Sunday, June 5, 2016

Legendary boxing great Muhammed Ali died on Friday aged 74 in a hospital in Phoenix, Arizona in the United States. A family spokesperson said Ali had been admitted with respiratory problems. The former heavyweight champion lived with Parkinson’s disease for decades, diagnosed in 1984.

Born on January 17, 1942 as Cassius Marcellus Clay, he changed his name to Muhammed Ali after his 1964 conversion to Islam. In his professional career, Ali won 56 out of 61 fights — including 31 consecutive wins. He won the World Heavyweight Championship three times and had also won an Olympic gold medal in the light-heavyweight category.

Often considered the greatest boxer of all time, Ali was the world heavyweight champion in the 1960s and 1970s. His famous fights with George Foreman in 1974 when he won his title back and against Joe Frazier are considered by many as two of the greatest fights in the sport’s history. Ali had also defeated Sonny Liston to claim the championship title.

Ali was also known as a political activist. He came under considerable controversy after his decision to refuse the Vietnam War draft.

He lit the flame in the 1996 Olympics hosted in Atlanta.

His funeral is to be in Kentucky.

New Zealand National party pays back owed GST
">
New Zealand National party pays back owed GST

Wednesday, November 22, 2006

The New Zealand National party has announced that it will pay back the GST (Goods and Services Tax) it owes to five different advertisers, all television stations, by buying advertising time for the several different charities. The advertisements will appear on the owed media outlets. They have decided with the current path is it would “unlawful” to pay back the GST normally.

The GST amounted to NZ$112,000.

National’s original plan of getting a one time bill passed that it would allow them to pack the owed GST to the media outlets was ditched in favour of this new one. “With the prospect of legislation diminishing, it’s time to accept that National cannot go down that path,” Judy Kirk, president of the National party, said.

If National was to pay back the GST, they would be breaking the law by going over the electioneering cap set by the Broadcasting Act.

The owed media companies are TVNZ, TV3 and Sky Television. It also includes Sky’s free-to-air channel, Prime.

Ms Kirk said: “We want to get some closure on the matter and have taken extensive legal advice on our options… We have secured clear advice that it would be unlawful to pay the five outstanding media creditors, and that it would be unlawful for them to accept payment. We do not wish to break the law, and nor do we wish to place our creditors in the position of breaking the law.”

“…we will purchase the media advertising time directly from broadcasters and ask that they allocate it amongst the range of charities currently supported by each,” Ms Kirk said.

National said that their error on not paying for the GST did not effect the outcome of the election, unlike the Labour party’s overspending.

Posted in Uncategorized | No Comments »
Ukraine celebrates Independence Day
">
Ukraine celebrates Independence Day

Thursday, August 24, 2006

Ukraine celebrates its independence day today, 15 years after it broke away from the Soviet Union in 1991.

Ukrainian president Victor Yuschenko told a crowd at an event to mark the occasion: “By the will of the people, our country’s course toward membership in the European Union and NATO will be carried through … and most importantly, I reiterate and guarantee that Ukraine’s democratic, liberal, and national choice is irreversible and unconditional.”

Yuschenko told the press yesterday that he would insist on the rehabilitation of those who raised the Ukrainian flag in Ternopil in 1973.

The Russian president Vladimir Putin sent a message of congratulations to his Ukrainian counterpart and offered reassurances about Russo-Ukrainian relations. His note to Yuschenko said: “I am convinced that on the basis of mutual understanding and compromise on unresolved issues we can reach the level of true strategic partnership, a fundamental principle recorded in the treaty of friendship, cooperation and partnership.”

Posted in Uncategorized | No Comments »
Lobby groups oppose plans for EU copyright extension
">
Lobby groups oppose plans for EU copyright extension

Tuesday, February 26, 2008

The European Commission currently has proposals on the table to extend performers’ copyright terms. Described by Professor Martin Kretschmer as the “Beatles Extension Act”, the proposed measure would extend copyright from 50 to 95 years after recording. A vast number of classical tracks are at stake; the copyright on recordings from the fifties and early sixties is nearing its expiration date, after which it would normally enter the public domain or become ‘public property’. E.U. Commissioner for the Internal Market and Services Charlie McCreevy is proposing this extension, and if the other relevant Directorate Generales (Information Society, Consumers, Culture, Trade, Competition, etc.) agree with the proposal, it will be sent to the European Parliament.

Wikinews contacted Erik Josefsson, European Affairs Coordinator for the Electronic Frontier Foundation (E.F.F.), who invited us to Brussels, the heart of E.U. policy making, to discuss this new proposal and its implications. Expecting an office interview, we arrived to discover that the event was a party and meetup conveniently coinciding with FOSDEM 2008 (the Free and Open source Software Developers’ European Meeting). The meetup was in a sprawling city centre apartment festooned with E.F.F. flags and looked to be a party that would go on into the early hours of the morning with copious food and drink on tap. As more people showed up for the event it turned out that it was a truly international crowd, with guests from all over Europe.

Eddan Katz, the new International Affairs Director of the E.F.F., had come over from the U.S. to connect to the European E.F.F. network, and he gladly took part in our interview. Eddan Katz explained that the Electronic Frontier Foundation is “A non-profit organisation working to protect civil liberties and freedoms online. The E.F.F. has fought for information privacy rights online, in relation to both the government and companies who, with insufficient transparency, collect, aggregate and make abuse of information about individuals.” Another major focus of their advocacy is intellectual property, said Eddan: “The E.F.F. represents what would be the public interest, those parts of society that don’t have a concentration of power, that the private interests do have in terms of lobbying.”

Becky Hogge, Executive Director of the U.K.’s Open Rights Group (O.R.G.), joined our discussion as well. “The goals of the Open Rights Group are very simple: we speak up whenever we see civil, consumer or human rights being affected by the poor implementation or the poor regulation of new technologies,” Becky summarised. “In that sense, people call us -I mean the E.F.F. has been around, in internet years, since the beginning of time- but the Open Rights Group is often called the British E.F.F.

Contents

  • 1 The interview
    • 1.1 Cliff Richard’s pension
    • 1.2 Perpetual patents?
    • 1.3 The fight moves from the U.K. to Europe
    • 1.4 Reclaiming democratic processes in the E.U.
  • 2 Related news
  • 3 Sources
  • 4 External links
Posted in Uncategorized | No Comments »
India, China reopen Nathu La pass
">
India, China reopen Nathu La pass

Thursday, July 6, 2006

India and China reopened the Nathula Pass in the Himalayan state of Sikkim, on Thursday. The pass had been closed for the last 44 years, following the Sino-Indian War.

India and China finalised the agreement to open the pass in June 19, as part of an effort to improve diplomatic relations between the two. The opening comes only a few days after China inaugurated the Qinghai-Tibet Railway, which links Tibet to the rest of China.

The opening of the pass was marked by a ceremony on the Indian side attended by officials from both sides, including Sikkim Chief Minister Pawan Kumar Chamling – the chief guest, the Chinese ambassador to India, and the Chairman of the Tibet Autonomous Region, C Phuntsok. A delegation of 100 traders from India, and 100 Tibetans crossed the border to the respective trading towns. Despite heavy rain and chilly winds, the ceremony was marked with the attendance of many officials, locals, and international and local media.

At present, trade will be restricted to a small number of permitted goods, such as rice, tea and spices from India and goat and sheep skins, yak tails and silk from China. But the opening is expected to stimulate the economy of the region, and also bolster Indo-Chinese trade, which amounted to $7 billion in 2004. India hopes that the trade volumes between the two nations will grow to Rs. 206 crore (44.6 million US$) by 2007, and Rs. 12,203 crore (2.6 billion US$) by 2015.

Posted in Uncategorized | No Comments »
News briefs:July 20, 2010
">
News briefs:July 20, 2010
Wikinews Audio Briefs Credits
Produced By
Turtlestack
Recorded By
Turtlestack
Written By
Turtlestack
Listen To This Brief

Problems? See our media guide.

[edit]

Posted in Uncategorized | No Comments »
Navy helping New Orleans pets
">
Navy helping New Orleans pets

Saturday, September 17, 2005

The Spanish word “tortuga” means “turtle.” But in the wake of the New Orleans disaster, the USS Tortuga is helping other animals.

For nearly two weeks now, sailors from Tortuga’s repair division have devoted much of their time during this disaster relief operation to ensure the health and comfort of displaced pets.

September 4th, just after the ship moored to a pier at Naval Support Activity (NSA) New Orleans, HT1(SW) Mark Hanley and DC1(SW) Antony Graves gathered materials from the repair shop on board to construct a kennel along the levee. The facility they made soon became a popular shelter for the homeless animals of the storm.

Tortuga’s search and rescue team brought aboard more than 170 displaced citizens during this past week, providing them with food, water, medical aid and a place to sleep.

Tortuga’s makeshift kennel, named ‘Camp Milo & Otis,’ has housed as many as 90 dogs, eight cats, one rabbit, one guinea pig, a pair of parakeets and a flightless pigeon during the past week of operation.

Currently, there are 14 dogs that remain in Tortuga’s care, as many of the other pets have been taken to animal shelters in the area for extra medical attention, or been claimed by their owners upon arrival to Tortuga. The pets that Tortuga has registered have all been in the hands of professional veterinarians assigned to provide expert medical attention to the members of Camp Milo & Otis.

Dr. Kelly Crowdis and Dr. Latina Gambles, both from Tuskegee University and Christian Veterinary Missions, have treated many of the pets for infection, dehydration, malnourishment and broken bones at the Camp during the past week.

“The animals were bathed and assessed before physical interaction with the sailors,” said Dr. Crowdis. “They’ve been given immunizations, antibiotics and medications based on their medical needs.”

Dr. Crowdis added, “What these sailors have done on their own has been such a heart-warming thing. As an animal lover, it is so comforting to know that everyone cares about the animals in addition to the human lives rescued from the storm. I’m very pleased with these guys for taking the initiative to construct this kennel.”

Graves, Hanley and other members of their division have consistently bathed, fed, walked and given special attention to every dog, every day.

“We play with them,” said Hanley. “We take them out of their kennels to give them attention every day. And we’ll continue to do that for as long as our ship’s mission keeps us here.”

September 11th, the Agricultural Center at Louisiana State University donated supplies to “Camp Milo & Otis” in support of Tortuga’s efforts to help the animal victims.

”We got medical supplies, bowls, food, cages, leashes, collars, toys, cat litter and cleaning supplies from these people yesterday,” said Graves. “It’s nice to know that so many people out there have heard about what our ship is doing, and responded by donating so much to support us the best they can.”

A photo gallery of unclaimed pets is on the USS Tortuga’s web site.

As part of disaster plans, the Department of Homeland Security has also deployed Veterinary Medical Assistance Teams to provide medical care to pets and livestock, as well as provide any needed veterinary medical care for search and rescue dogs.

There are over 3,850 animals being sheltered around the state. If someone is looking for a pet they should contact their nearest Humane Society or go online to http://www.petfinder.org// . More information is also available at http://www.vetmed.lsu.edu//.

Posted in Uncategorized | No Comments »
Category:July 2, 2005
">
Category:July 2, 2005
? July 1, 2005
July 3, 2005 ?
July 2

Pages in category “July 2, 2005”

Media in category “July 2, 2005”

Posted in Uncategorized | No Comments »

« Previous Entries