Merck expands drug plant<\/p>\n
JAKARTA: Publicly listed drug company PT Merck Indonesia Tbk,
\na subsidiary of German firm Merck KGaA, has expanded its
\nproduction facilities in Pasar Rebo, Jakarta, to strengthen its
\nposition in the Indonesian market.<\/p>\n
The expansion project, which started in 2001 and was recently
\ncompleted, absorbed a total investment of Rp 40 billion (US$4.7
\nmillion), the company said in a statement on Tuesday.<\/p>\n
"This is a clear evidence of Merck's determination to continue
\nits presence in Indonesia," president director Rudolf G. Stock
\nsaid.<\/p>\n
Globally and in Indonesia, Merck is well known for its
\ndiabetes and cardiovascular drugs. Its popular drugs include
\nConcor and Glocophage which are used to treat diabetes and
\ncardiovascular complaints respectively.<\/p>\n
Aside from the above drugs, the firm also produces popular
\nhealth care products, such as Neurobion, Sangobion and Evion. --
\nJP<\/p>\n
;AFP;
\nANPAf..r..
\nBrief-HongKong-China
\nCathay to start Beijing services
\nJP\/14\/brief<\/p>\n
Cathay to start Beijing services<\/p>\n
HONG KONG: Hong Kong-based Cathay Pacific Airways said on
\nTuesday it intends to resume services to Beijing from December
\nafter an absence of 13 years.<\/p>\n
Cathay Pacific said in a statement it will initially operate
\nthree return services a week between Beijing and Hong Kong.<\/p>\n
"Approval for Cathay Pacific to operate services to Beijing
\ncomes amid other initiatives aimed at boosting Hong Kong's
\neconomy and strengthening its links with the Chinese mainland,"
\nthe airline said.<\/p>\n
These initiatives included the signing of a free trade deal,
\nthe Closer Economic Partnership Arrangement (CEPA), and allowing
\nmainlanders to visit Hong Kong individually, it said.<\/p>\n
Philip Chen, the airline's director and chief operating
\nofficer, described the three services a week to Beijing as "a
\nvery important step, but it still just a start." --AFP<\/p>\n
;AFP;
\nANPAf..r..
\nBrief-SKorea-Hyundai
\nWidow of tycoon takes Hyundai helm
\nJP\/14\/Brief2<\/p>\n
Widow of tycoon takes Hyundai helm<\/p>\n
SEOUL: The widow of the late chairman of South Korea's Hyundai
\nGroup on Tuesday took the helm of the ailing business empire,
\nHyundai said.<\/p>\n
Hyun Chung-Eun, the wife of the late Hyundai Group chairman
\nChung Mong-Hun, inherited the chairmanship of the group when she
\nwas appointed chairwoman of Hyundai Elevator, the group's de
\nfacto holding company.<\/p>\n
"The board of directors held a meeting today and appointed
\nHyun Chung-Eun, widow of the late chairman Chung Mong-Hun, as
\nchairwoman of Hyundai Elevator," Hyundai Elevator said in a
\nstatement.<\/p>\n
Hyun, 48, inherited a 4.98-percent stake in Hyundai Merchant
\nMarine from her husband, while her mother, Kim Mun-Hee, has
\ntransferred the voting rights for her 18.57-percent stake in
\nHyundai Elevator to Hyun.<\/p>\n
Hyundai Elevator is the largest shareholder in Hyundai
\nMerchant Marine, with a 15.16 percent stake. Hyundai Merchant
\nMarine has under its wings five companies including Hyundai Asan
\nand Hyundai Securities. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nBrief-Australia-telecom
\nTelstra may expand CSL into China
\nJP\/14\/briefs<\/p>\n
Telstra may expand CSL into China<\/p>\n
SYDNEY: Australia's Telstra Corp. is considering expanding its
\nHong Kong-based CSL mobile operations into China despite a drop
\nin revenues, Telstra chief executive Ziggy Switkowski said on
\nTuesday.<\/p>\n
The company is also looking to expand its franchise in other
\nAsian countries, Switkowski said, citing Vietnam, Singapore,
\nMalaysia and Indonesia as potential markets.<\/p>\n
"Getting CSL involved in some way in China is obvious. The
\nsouthern part of China has been of interest to us for a long
\ntime," he said, pointing out that it was close to Hong Kong and
\nthe firm had good ties to local carriers there.<\/p>\n
"CSL has worked constructively, particularly when it comes to
\nroaming agreements, with China Mobile and has a good relationship
\nwith China Unicom," he said, referring to two of China's main
\ntelecoms operators. --- AFP<\/p>",
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"sponsor": "Okusi Associates",
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