PLN, university sign pact<\/p>\n
JAKARTA (JP): The state-owned electricity company PLN
\nyesterday assigned Diponegoro University of Semarang in Central
\nJava to help improve the capability of its human resources and
\ncoordinate research.<\/p>\n
PLN's president, Zuhal, who signed a five-year agreement with
\nthe university's rector, Prof. Moeljono S. Trastotenojo, during a
\nceremony here yesterday, said the main objective of the
\ncooperation is to help educate his company's executives who have
\nheld important posts but lack adequate academic education.<\/p>\n
Only 5,000 of PLN's 54,000 employees are university graduates.<\/p>\n
Zuhal said the university and PLN are committed to developing
\njoint research in electricity and project engineering.<\/p>\n
\"The research is expected to help locate engineering
\ntechnology suitable for PLN's power plants,\" he said. (fhp)<\/p>\n
KL promotes palm oil<\/p>\n
KUALA LUMPUR (AFP): Malaysia, the world's top palm oil
\nproducer, is to dispatch a high-powered delegation to promote the
\ncommodity in Japan, South Korea and Taiwan next month, government
\nofficials said yesterday.<\/p>\n
The May 22-to-June 7 mission, to be led by Primary Industries
\nMinister Lim Keng Yaik, will organize seminars, factory visits,
\nsmall exhibitions and cooking demonstrations to encourage palm
\noil use in the three East Asian countries, ministry officials
\nsaid.<\/p>\n
The mission is seen as part of Malaysia's increasingly
\naggressive efforts to enhance sales in traditional markets as
\nwell as break into new ones. Rival producer Indonesia is also
\nactive.<\/p>\n
Malaysia exports the commodity to 90 countries and is scouting
\nfor even more buyers, with output expected to reach 8.6 million
\ntons by 2,000 from 6.5 million tons last year, officials said.<\/p>\n
Palm oil is aiming to secure 32 percent of the global edible
\noil market by the turn of the century, with Malaysia accounting
\nfor 24 percent of production.<\/p>\n
S'pore to raise oil refinery<\/p>\n
SINGAPORE (AFP): The Singapore Refining Co. (SRC) is
\nforecasting a 50 percent increase in turnover when its new
\nrefinery complex comes on stream by September next year, a
\ncompany official said yesterday.<\/p>\n
SRC general manager and chief executive officer Jacobus Rinck
\nsaid the S$1.4 billion (US$897 million) complex on Merlimau
\nisland near here will raise refining capacity by 60,000 barrels a
\nday to 285,000 barrels.<\/p>\n
Rinck said that the higher rate of increase in turnover in
\nrelation to the growth in capacity was due to the complex's
\nability to produce more higher-value so-called \"whiter\" or
\ncleaner petroleum products like jet fuel and gasoline.<\/p>\n
The complex will reduce SRC's output of heavier petroleum
\nproducts by between 15 percent and 20 percent, depending on the
\ntype of crude oil being refined, from between 25-to-30 percent
\ncurrently, he said.<\/p>\n
SRC is a joint venture between the Singapore Petroleum Co.,
\nBritish Petroleum and Caltex.<\/p>\n
Japan VCR exports down<\/p>\n
TOKYO (AFP): Japan's exports of video cassette recorders
\n(VCRs) fell 3.2 percent from a year earlier, while exports of
\ncolor television sets surged 20.2 percent, an industry
\nassociation said yesterday.<\/p>\n
The Electronic Industries Association of Japan said VCR
\nexports in February totaled 1.17 million units and color TV
\nexports 297,000 units.<\/p>\n
VCR shipments to the United States rose 2.4 percent on the
\nprevious year to 315,000 units, but those to the European Union
\nplunged 47.8 percent to 75,000 units.<\/p>\n
Exports to China more than doubled to 126,000 units and those
\nto Indonesia were up 252.3 percent at 145,000 units and Mexico up
\n126.4 percent at 23,000 units.<\/p>\n
Exports to Hong Kong fell 20.4 percent to 101,000 units and
\nthose to Singapore fell 16.3 percent to 146,000 units.<\/p>\n
Color TV exports to China rose 73.3 percent from a year
\nearlier to 118,000 units and those to Hong Kong surging 111.2
\npercent to 85,000 units, the association said, attributing the
\nsharp rises to low year-earlier levels.<\/p>\n
Vietnam to triple oil output<\/p>\n
HANOI (Reuter): Vietnam hopes to triple oil production by the
\nturn of the century and will probably begin output from its two
\nnewest fields late this year, the chairman of state oil firm
\nPetroVietnam said.<\/p>\n
\"I hope by the end of the century we will have at least
\n350,000 to 400,000 barrels per day (bpd) of production compared
\nto 130,000 to 140,000 bpd now,\" Ho Si Thoang told Reuters.<\/p>\n
Total oil production is expected to be around 140,000 bpd or
\nmore this year, rising to around 170,000 bpd in 1995, he added.<\/p>\n
Manila defers tax<\/p>\n
MANILA (AFP): The Philippine government yesterday deferred the
\nimplementation of a 2.5-percent tax on export earnings following
\nstrong opposition.<\/p>\n
Finance Secretary Roberto de Ocampo said he would be meeting
\nwith officials of the Philippine Exporters Confederation, Inc.
\n(Philexport) to thresh out their complaints on the measure.<\/p>\n
Philexport officials have said the new taxes would dampen
\nexports, which grew by 8.9 percent to US$918 million in February
\nfrom a year earlier. No import figures for the period were given.<\/p>\n
De Ocampo said the new tax, one of several measures aimed at
\nraising funds to narrow a huge budget deficit, was to have taken
\neffect on April 1 but was deferred to April 20 to give way to
\nconsultations.<\/p>\n
Rubber prices weaken<\/p>\n
SINGAPORE (AFP): TSR 20 futures continued easing yesterday
\nwith the decline slowed down by some physical uptake of SIR 20 in
\nIndonesia, dealers said yesterday.<\/p>\n
Dealers said April shipment of SIR 20 FOB Belawan was traded
\nto a high of 50 US cents a kilo while May was traded at 48.75 US
\ncents.<\/p>\n
RSS 1 and 3 held steady at Thursday afternoon's closing levels
\nwith little trade transacted, dealers said.<\/p>\n
At 09:15 GMT, Basis May RSS 1 was quoted at 151.00 Singapore
\ncents, RSS 3 at 94.00 US cents while TSR 20 shed four cents to
\n164.00 Singapore cents.<\/p>\n
Japan's GDP to rise 1%<\/p>\n
TOKYO (AFP): Japan's gross domestic product (GDP) is expected
\nto edge upward one percent from a year earlier thanks to
\nstronger-than-expected consumer spending, a research institute
\nsaid yesterday.<\/p>\n
DKB Research Institute said in a report that economic recovery
\nwould be confirmed in the middle of the year, supported by
\ngrowing individual consumption following cuts in income and
\nresident taxes.<\/p>\n
Dai-ichi Kangyo Bank Ltd's research arm said consumer spending
\nwas expected to increase 2.6 percent in the year after growing
\n1.1 percent in the year to March 1994.<\/p>\n
It saw corporate capital spending falling 4.8 percent in the
\ncurrent year after declining 8.8 percent the previous year.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pln-university-sign-pact-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}