Osprey Maritime expands shipping services in Asia By Benget Simbolon KWANGJU, South Korea (JP): Shipping company Osprey Maritime, the oil and gas shipping unit of the Bimantara Group, has procured four new tankers to strengthen its fleet to 23 carriers, in a bid to benefit from the rapid growth of Asian oil and gas demand.

1996 tax notices sent out JAKARTA (JP): The 1996 property tax notice, known as a SPPT- PBB, has been sent to most subdistricts in the capital. In a written statement to The Jakarta Post, Wahab Rachmatsjah, head of the City Revenue Office, said 808,677 notices were sent out between March 25 and May 8. These notices cover tax payers living in 39 of the city's 43 districts.

Kwang Yang's plant in RI TAIPEI (AFP): Kwang Yang Motor Co., a leading motorcycle manufacturer in Taiwan, will invest US$60 million to work with Indonesia's Lippo group in building a plant near Jakarta, the Taiwanese firm said. A joint venture contract was signed by the chairmen of the two firms on Saturday and the Taiwanese company will have a 60- percent stake in the plant, Kwang Yang said in a statement here.

No intention to raise fuel prices: Govt JAKARTA (JP): The government has no intention of raising fuel prices despite the World Bank's suggestion that it increases prices to augment domestic revenues for its budget, ministers said. "The government has no intention and there are not enough reasons to raise fuel prices," Minister/State Secretary Moerdiono announced after meeting with President Soeharto at Merdeka Palace yesterday.