BKMP plans region rating program<\/p>\n
The Investment Coordinating Board (BKPM) is planning a rating
\nprogram to assess the competitiveness of each region for
\ninvestment.<\/p>\n
BKPM's chairman Theo Toemion told The Jakarta Post recently
\nthat the rating program was aimed at providing potential
\ninvestors with better information about each region.<\/p>\n
"We (BKPM) are now in talks with Finance Minister Boediono on
\nthis plan," Theo said.<\/p>\n
He said that BKPM was considering appointing a rating agency
\nto conduct the survey. -- JP<\/p>\n
Kuwait oil minister says to offer resignation<\/p>\n
KUWAIT: Kuwait Oil Minister Adel al-Subaih said he planned to
\noffer his resignation later on Saturday after a huge explosion at
\nan oil facility killed four people and knocked off 600,000
\nbarrels per day (bpd) of production.<\/p>\n
Subaih told Reuters at the inauguration of an oil exhibition
\nthat he planned to meet the country's Crown Prince and Prime
\nMinister Sheikh Saad al-Abdulla al-Sabah to tender his
\nresignation after the ceremony.<\/p>\n
"It is true -- after a while I am going to see Sheikh Saad al-
\nAbdulla al-Sabah," he said.<\/p>\n
It was not immediately known if the resignation of Subaih, who
\nwas appointed a year ago, would be accepted. -- Reuters<\/p>\n
ADB team sent to Afghanistan<\/p>\n
MANILA: A five-member Asian Development Bank (ADB) team has
\nbeen sent to Afghanistan to prepare reconstruction projects for
\nthe war-ravaged country, the Manila-based organization said
\nSaturday.<\/p>\n
Led by Hafeer Rahman, head of the South Asia operations
\ncoordination division, the delegation left on Friday "to prepare
\nprojects for the reconstruction and rehabilitation of
\nAfghanistan," the bank said in a statement.<\/p>\n
The ADB team, working with World Bank and the UN Development
\nProgramme officials, will hold talks with senior members of
\nAfghanistan's interim administration on education, health,
\nagriculture and environment issues, it said. -- AFP<\/p>\n
Singapore, U.S. to hold talks<\/p>\n
SINGAPORE: Singapore and the United States will hold a seventh
\nround of talks in March for reaching a bilateral free trade
\nagreement (FTA), the city-state's Ministry of Trade and Industry
\nsaid on Saturday.<\/p>\n
In the sixth round of talks held this week, "significant"
\nprogress was made in the areas of rules of origin, trade in goods
\nand general services, financial services, telecom services, e-
\ncommerce, government procurement, investment and intellectual
\nproperty rights, the ministry said in a statement.<\/p>\n
Export-driven Singapore signed its first bilateral FTA with
\nNew Zealand in 2000.<\/p>\n
It signed a pact with Japan earlier this year. -- Reuters<\/p>\n
India's forex reserves increase<\/p>\n
BOMBAY: India's foreign exchange reserves continued to clock
\nrecord highs and analysts said it could top the US$50 billion
\nmark in the next few weeks helped by higher remittances from
\nexporters and foreign direct investments.<\/p>\n
Data from the central bank released on Saturday showed foreign
\nexchange reserves rose to $49.252 billion on January 25 from
\n$49.225 billion at the end of the previous week.<\/p>\n
"Forex reserves should touch the $50 billion by end-February
\nor in March," Sanjeet Singh, analyst at ICICI Securities and
\nFinance Company said.<\/p>\n
Forex reserves rose by $2.36 billion in the past eight weeks
\nto Jan. 25, but traders and analysts said the pace of inflows
\ncould slacken in the next few weeks as foreign portfolio
\ninvestments wane. -- Reuters<\/p>",
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