Dutch firms in showcase<\/p>\n
JAKARTA (JP): A Netherlands trade mission representing 34
\nhorticulture and livestock companies will arrive here this
\nweekend to hold a four-day agribusiness exhibition, seminar and
\nworkshop, an executive said.<\/p>\n
Director of the Indonesian Netherlands Association (INA) Chris
\nSmith told reporters here yesterday that the firms will look for
\nIndonesian partners to establish joint ventures or cooperations
\nwith during the event, entitled Holland Agro 1994, that will
\nstart on Tuesday at the Le Meridien and Sahid Jaya hotels.<\/p>\n
He said the companies will offer a transfer of technologies in
\nthe horticulture and livestock industry, especially poultry.<\/p>\n
The Holland Agro 1994 is the second expo of its kind. The
\nassociation held the first last year.<\/p>\n
Smith said the Dutch companies will exhibit their products,
\nequipment and technologies, as they are eager to establish
\ncooperation with Indonesian partners in various areas, including
\nthe development of poultry projects and the production of poultry
\nequipment, poultry breeding stocks and equipment for poultry
\nprocessing.<\/p>\n
Chris said that at the planned seminar, experts from the
\nNetherlands and Indonesia will discuss the world poultry market,
\nmodern poultry industry and the importance of high quality seeds
\nfor horticulture.(02)<\/p>\n
Sabang port dedicated<\/p>\n
JAKARTA (JP): A new terminal and an expansion of the berthing
\nfacility at the Sabang port in Aceh, northern Sumatra, were
\ndedicated by Aceh Governor Syamsuddin Mahmud, yesterday.<\/p>\n
The projects were designed to support the establishment of a
\ntriangle of growth involving Indonesia, Malaysia and Thailand.<\/p>\n
Mahmud was quoted yesterday by Antara as saying that the
\nconstruction of the terminal and expansion of the port cost Rp
\n1.14 billion (US$529,500).<\/p>\n
Indonesia, Malaysia and Thailand have agreed to establish a
\ntriangle of growth to improve economic cooperation among their
\nadjacent provinces and states.(09)<\/p>\n
RI, Myanmar to cooperate<\/p>\n
BANGKOK (Reuter): An Indonesian government delegation now
\nvisiting Myanmar has offered to cooperate with Myanmar in various
\nfields, including development of Myanmar's hotel sector,
\nMyanmar's state-run television reported.<\/p>\n
The television, in a broadcast monitored in Bangkok late on
\nWednesday, said three Indonesian ministers arrived in Yangon
\nearlier in the day and were welcomed by Myanmarese leaders.<\/p>\n
The Indonesian delegation is led by Coordinating Minister for
\nIndustry and Trade Hartarto and includes Minister of Tourism,
\nPost and Telecommunications Joop Ave and Minister of Transport
\nHaryanto Dhanutirto.<\/p>\n
Among the Myanmarese leaders who met the Indonesians were
\njunta chief General Than Shwe, military intelligence chief
\nLieutenant-General Khin Nyunt and Foreign Minister Ohn Gyaw.<\/p>\n
Joop Ave told Myanmar's minister of hotels and tourism, Major-
\nGeneral Kyaw Ba, that Indonesia was ready to accept trainees from
\nMyanmar to study hotel management and related services, the
\ntelevision said.<\/p>\n
German minister due here<\/p>\n
BONN (AFP): Foreign Development Minister Carl-Dieter Spranger
\nwill visit Indonesia during his 11-day tour to three Asian
\ncountries, which also include Vietnam and Malaysia, for talks on
\naid and to study the impact of German aid so far.<\/p>\n
Spranger, who left here Wednesday, said his tour underlined
\nthe importance the German government accords to Asia.<\/p>\n
Vietnam has benefited from federal German aid totaling 148
\nmillion marks since 1990, his ministry said. Vietnamese workers
\nsent to the former East Germany have also received aid for their
\nrepatriation since German reunification.<\/p>\n
The Bonn government took over aid projects in Vietnam
\ninitiated by the defunct communist state for electrification,
\nagriculture and training.<\/p>\n
In Malaysia, which since 1973 has received only technical aid
\nfrom Germany, and in Indonesia, one of Bonn's leading aid
\nrecipients in Asia, Spranger's visit will be concerned with the
\npreservation of tropical forest, the development ministry said.<\/p>\n
U.S. aid plan approved<\/p>\n
WASHINGTON (AFP): U.S. lawmakers voted to approve a US$13.6-
\nbillion foreign aid package Wednesday, bucking angry dissent over
\nhow much aid Russia and South Africa should get.<\/p>\n
The House of Representatives adopted the legislation in a 337
\nto 87 vote. Top recipients of aid as in past years were Israel,
\nat $3 billion, and Egypt, at $2.1 billion.<\/p>\n
Debate flared into heated confrontation over the amount of aid
\nthe United States should send to Russia and South Africa.<\/p>\n
Dan Burton, an Indiana Republican argued South African funding
\nshould have been frozen at its present $80-million level. He said
\nhe objected to members of the new South African government having
\nties to the communist party.<\/p>\n
Representatives shot down his amendment to limit the funds and
\napproved an increase to $140 million, in addition to $50 million
\nto insure U.S. investments in South Africa.<\/p>\n
Funds for former Soviet republics also survived a cutback
\nattempt, with the House appropriating a total $875.5 million
\ninstead of $552 million.<\/p>\n
German rates unchanged<\/p>\n
FRANKFURT (Reuter): The Bundesbank said it had left its
\nleading rates unchanged after a council meeting yesterday.<\/p>\n
Analysts had not expected a cut in the discount or Lombard
\nrates, the respective floor and ceiling to German money market
\nrates. The Bundesbank had cut 50 basis points off both on May 13,
\nbringing them down to 4.50 and six percent, respectively.<\/p>\n
RP to build oil refinery<\/p>\n
MANILA (AFP): Thai Petrochemical Industry Co. Ltd. of Thailand
\nand a local partner has obtained government incentives to set up
\na US$240 million refinery in the southern Philippines, the Board
\nof Investment (BOI) said yesterday.<\/p>\n
Thai Petrochemical and ChemHoldings Corp. have proposed
\nsetting up a plant with an annual capacity of 21.45 million
\nbarrels in Surigao del Norte province, BOI documents show.<\/p>\n
The proposed project, operational in September 1996, would
\nproduce refined petroleum products. Only state-controlled Petron
\nCorp. and the local subsidiaries of Caltex Petroleum Corp. and
\nthe Royal Dutch Shell Group now operate refineries in the
\nPhilippines.<\/p>\n
The BOI said it has granted pioneering status to the refinery
\nproject, which entitles it to an income tax holiday for a number
\nof years and duty-free imports of capital equipment.<\/p>\n
Thai Petrochemical would take a 40 percent equity and
\nChemHoldings 60 percent in the project, which would be financed
\nwith 60 percent equity and the rest with loans, the BOI said.<\/p>\n
The pair are also partners of a consortium which is in the
\nprocess of setting up a US$130 million polypropylene plant west
\nof Manila.<\/p>\n
Taiwan capital in China<\/p>\n
TAIPEI (Reuter): Taiwanese investment in China is beginning to
\nshow signs of slowing down.<\/p>\n
Taiwan's Investment Commission approved 105 applications for
\nnew or additional investments in China worth US$67 million in
\nApril, down from 433 applications worth US$174 million a year
\nearlier, commission spokesman Huang Ching-tang said yesterday.<\/p>\n
In the first four months of this year, the commission approved
\n419 applications, down from 501 for the same period in 1993,
\nthough their value rose to US$313 million from US$281 million.<\/p>\n
Huang attributed lower investment willingness to inflation and
\ncredit tightening measures adopted by China last year.<\/p>\n
He said actual investment in China from January to April was
\nsmaller than the figures indicated because some of the
\napplications were filed by companies belatedly seeking government
\napproval for investments already made.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/dutch-firms-in-showcase-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}