Indonesian Political, Business & Finance News

Archive: 19 October 2000

63 articles found

Producers bid on INRO rubber stock

Producers bid on INRO rubber stock SINGAPORE (Dow Jones): Rubber producers who sold rubber to the International Natural Rubber Organization (INRO) are now keen bidders as the group seeks to sell off its buffer stock, exporters and traders told Dow Jones Newswires Wednesday. A big Indonesian rubber producer, the PT Batanghari Group, bought one-third of the standard Indonesian rubber 20 grade that INRO sold Tuesday, PT Batanghari Director Asril Sutan Amir said.

Parties told not to rely on charismatic leaders

Parties told not to rely on charismatic leaders JAKARTA (JP): While acknowledging further difficult situations in the future, Vice President Megawati Soekarnoputri called on political parties on Wednesday not to rely purely on charismatic leaders. "Charisma isn't enough.

Councillors dreams of sedans dashed?

Councillors dreams of sedans dashed? JAKARTA (JP): Councillors waiting for cars paid for by the city budget may end up with zilch as the administration has suddenly expressed a desire to review the plan following a strong reaction from the public. Assistant to city administrative affairs secretary Makmun Amin said on Wednesday that the final decision over the controversial plan to provide "official cars" to councillors would be made sometime next week.

Singaraja values meaning of education

Singaraja values meaning of education SINGARAJA, North Bali (JP): Singaraja, the capital city of Buleleng regency, is far from the bustling tourist and cultural glitter of South Bali. Located 80 kilometers of Denpasar, Singaraja is a perfect place for school students. No traffic jams, no student brawls, almost no entertainment centers to disturb the youth or shopping malls for them to hang out in during the afternoon.

PT Telkom unfair

PT Telkom unfair We, residents of Kampung Dua RT.09/02 of Jakasampurna subdistrict, South Bekasi, applied last year for telephone exchange lines to PT Telkom regional office of Kranji, Bekasi. The office rejected our application saying no telephone line network had been installed in our area. Surprisingly, though, two telephone lines were installed on Oct. 9 in two neighboring houses. The lines are now functioning well.

Former BI chief Sjahril to go on trial quickly

Former BI chief Sjahril to go on trial quickly JAKARTA (JP): The Jakarta Provincial Prosecutor's Office will soon submit the dossier on suspended Bank Indonesia (central bank) governor Sjahril Sabirin to the Central Jakarta District Court, a prosecutor said on Wednesday.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 18, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,805 -155 126,000 Adindo Foresta Indonesia 125 0 53,000 Alakasa Industrindo 435 5 31,000 Alfa Retailindo 805 -5 7,500 Alter Abadi 200 -5 16,000 Alumindo Light Metal 955 0 0 Aneka Kimia Raya 270 -10 55,000 Aneka Tambang (Persero) 990 0 408,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Major changes in political laws sought

Major changes in political laws sought JAKARTA (JP): While demanding for "true implementation" of democracy in the country, political observers suggested on Tuesday that major changes be made in three 1999 laws on politics. J. Kristiadi, deputy director of the Centre for Strategic and International Studies (CSIS), Andi A.

Rupiah closes flat, off lows after donors approve loans

Rupiah closes flat, off lows after donors approve loans JAKARTA (Dow Jones): The Indonesian rupiah closed flat Wednesday, but off intraday lows after donor nations agreed to the country's request for US$4.8 billion in loans to fill a hole in next year's budget deficit, dealers said. The dollar closed at Rp 8,895 in Asia, unchanged from its close in Asia Tuesday. The U.S.

Intervention by the state in sexuality unnecessary

Intervention by the state in sexuality unnecessary This is the first of two articles on state and sexuality by sociologist Julia I. Suryakusuma, also executive director of the API Foundation for political research, information and publication in Jakarta. JAKARTA (JP): Sex is a private matter. However, sexual behavior is regulated not only by social and religious norms; often states also regulate sexuality under the pretext of population policies, eugenics and morality.

Govt to be stricter against separatism

Govt to be stricter against separatism JAKARTA (JP): Frustrated with the results of a more tolerant approach to the separatist movements in Aceh and Irian Jaya, the government warned on Wednesday it would adopt sterner measures to restore order in both ends of the archipelago. Minister of Defense Mahfud M.D.

'No new pool stars' for next year's SEA Games

'No new pool stars' for next year's SEA Games JAKARTA (JP): The National Sports Council (KONI) has set its program to focus on the three Olympic compulsory sports of track and field, swimming and gymnastics for next year's Southeast Asian (SEA) Games in Kuala Lumpur. However, this will be tough as the athletes development program is now concentrating on the existing athletes, some of which are preparing for retirement.

Papuan artists to display their works

Papuan artists to display their works JAKARTA (JP): For decades, the artwork of native Papua (Irian Jaya) has always captivated ethnic art enthusiasts around the globe. The indigenous people living deep in the hinterland of the easternmost territory are renowned for their unique wood carving and primitive statues. In the coming days you don't have to go all the way to Irian Jaya to enjoy the unusual works of art.

Young Balinese scientists shine in national contests

Young Balinese scientists shine in national contests By Rita A. Widiadana SINGARAJA, North Bali (JP): Fourteen-year-old I Komang Adi Aswantara from the small town of Singaraja startled judges at the National Youth Science Contest in Jakarta with his simple yet brilliant scientific project -- a tool to control sea erosion. In front of noted scholars such as Andi Hakim Nasution, a professor at the Bogor Agricultural Institute (IPB), Komang eloquently explained how the tool works.

Irian Jaya under control amid flag row, says officer

Irian Jaya under control amid flag row, says officer JAKARTA (JP): Order has been fully restored in Irian Jaya, which is still licking its wounds following a bloody rampage almost two weeks ago, the local military commander said on Wednesday. Maj. Gen. Albert Inkiriwang, chief of the Cendrawasih Military Command overseeing the country's largest province, told The Jakarta Post here that the security condition has returned to normal and no separatist flag is flying there.

PT PLN seeking govt approval for rate increase

PT PLN seeking govt approval for rate increase JAKARTA (JP): State electricity company PT PLN is seeking government approval for an increase in power rates of between 2 percent and 3 percent, starting in January next year. PLN president Kuntoro Mangkusubroro said on Wednesday that the increase would apply to low-income household consumers, who were excluded from the last increase.

Satelindo service

Satelindo service I refer to the letter by Amir Sidharta about Satelindo's service on Oct. 11. He mentioned its service has declined with more blank spots. I have been a subscriber of Satelindo for about four years, and I dare not say whether Telkomsel or Excelkom are better. Each has its pluses and minuses. For use in Greater Jakarta I think the three network operators are more or less of the same quality. Telkomsel may have better coverage in the whole of Indonesia with more transmitters.

Aspac beats Pacific to move closer to semis

Aspac beats Pacific to move closer to semis BANDUNG (JP): Jakarta-based Aspac was too powerful for Pacific Caesar of Surabaya, posting a convincing 104-67 victory in the fourth leg of the 2000 Nuvo Kobatama national basketball league at Padjadjaran Stadium on Wednesday. Aspac, which finished in third place last year, has lost only once in its 15 games to top the standings. It is followed by home-favorite Panasia Indosyntec, Mahaka and Indonesia Muda (IM) Texmaco.

Qantas unveils e-tickets

Qantas unveils e-tickets JAKARTA (JP): Qantas Airways Indonesia said on Wednesday it has introduced electronic ticketing for its passengers in Jakarta and Bali. The Australian airline said the new service would allow passengers from Indonesia to travel to Australia without paper airline tickets.

Psychologists needed to help young chess players

Psychologists needed to help young chess players JAKARTA (JP): Young Indonesian chess players need to work with psychologists to help them overcome the mental blocks preventing their continued development, an official said on Wednesday. "A psychologist is needed to counsel the young players, who sometimes underestimate their opponents and play carelessly. This leads to their defeat," the secretary-general of the Indonesian Chess Association (Percasi), Djamil Djamal, told The Jakarta Post.

Maritime crimes sail unsolved for lack of boats

Maritime crimes sail unsolved for lack of boats JAKARTA (JP): About 75 percent of criminals at sea around the Jakarta area have got away with their crimes due to the insufficient number of sea patrol boats, an officer revealed on Wednesday. Head of the Jakarta Water Police unit Sr. Supt. Achmad Nazif said the existing patrol boats could not keep up with the growing number of crimes at sea, which mostly come in the form of smuggling and illegal fishing.

Weapons confiscated in police operation

Weapons confiscated in police operation JAKARTA (JP): In the first two weeks of a special operation, the Jakarta Police have confiscated some 78 firearms and hundreds of sharp weapons and bullets. Jakarta Police spokesman Supt. Nur Usman said on Wednesday that during the operation, code-named Sapu Jaya Mandiri, the police also arrested seven people, mainly in Central Jakarta, for the illegal possession of weapons and explosive devices.

CGI loan provides certainty to state budget

CGI loan provides certainty to state budget JAKARTA (JP): The US$4.8 billion loan pledged on Wednesday by Indonesia's traditional donors would have a positive impact on the economy as it provides certainty to next year's state budget, experts said. Economist Pande Raja Silalahi said the loan would help plug next year's huge state budget deficit estimated at around $6 billion or 3.7 percent of the gross domestic product.

Japan provides $540m in addition to CGI aid pledge

Japan provides $540m in addition to CGI aid pledge JAKARTA (JP): The Japanese government will provide new yen loans for medium and long-term assistance amounting to around 58.1 billion yen or equivalent to US$540 million on top of its 171.6 billion yen ($1.58 billion) contribution to the $4.8 billion CGI loans.

ADB worried about fiscal positions in ASEAN

ADB worried about fiscal positions in ASEAN MANILA (AFP): The Asian Development Bank (ADB) warned Wednesday that rising government budget deficits and debts in Indonesia, the Philippines and Thailand could hurt investments and hamper their recovery from crisis. It warned that Asia's economic recovery from its worst financial crisis in mid-1997 was far from over. The ADB also expressed concern at the "uneven" pace of bank and corporate restructuring in the region.

Conversion Rates

Conversion Rates Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

KL palm oil ends lower after choppy session

KL palm oil ends lower after choppy session KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower after a choppy session on Wednesday as technical buying alternated with liquidation, traders said. They said worries about growing stocks and intense export competition with Indonesia capped the market's upside. The benchmark third-month January futures KPOF1] ended down four ringgit at 822 ringgit (US$216.32) a ton after trading between 809 and 836 ringgit.

KL Video pirate threatens officers

KL Video pirate threatens officers KUALA LUMPUR (AP): A Malaysian businessman facing possible legal action for video piracy held five enforcement officers and two reporters hostage in his store and threatened to burn them alive, news reports said on Wednesday.

Political show

Political show From Media Indonesia After consultations between the President and the House of Representatives, we were much disappointed because our hope for an agreement between the political elite didn't come to pass. What happened was: They have agreed to disagree. The President considers whatever he does as correct, and believes the House should just accept it.

Police shoot alleged thief

Police shoot alleged thief DENPASAR, Bali: Bali Police arrested two alleged motorcycle thieves in the early hours of Wednesday, shooting one in the leg when he attempted to flee. The two suspects, identified as Mustofa, 23, and Sugiantoro, 26, were arrested in Kentongan during a police crackdown on home robberies and motorcycle thefts in the area, the chief of Bali Police's mobile detectives unit, Sr. Insp. Wawan Ridwan, said. Wawan said the police confiscated two motorcycles from the suspects.

F1 race returns to KL with new champion

F1 race returns to KL with new champion KUALA LUMPUR (AP): For a race only one year old, the Malaysian Grand Prix already has a lot of history. Last year, Michael Schumacher made a spectacular return to the Formula One season after a three-month break to recover from a broken leg. He won pole position, gave up the race lead to then- Ferrari-teammate Eddie Irvine, was disqualified after the race, then reinstated.

Police fight to disperse Lagos rioters

Police fight to disperse Lagos rioters LAGOS, Nigeria (Agencies): Paramilitary police fired in the air on Wednesday to disperse rioters in the main business district of Lagos, Nigeria's biggest city, as ethnic clashes that have claimed over 100 lives continued to spread. Witnesses said the attackers appeared to be neighborhood gangs of unemployed youths known as Area Boys taking advantage of fighting between the Yoruba-based OPC militia and Muslim Hausa- Fulani immigrants from northern Nigeria.

Vietnam imports extra oil

Vietnam imports extra oil HANOI (DPA): Vietnam, a key oil exporter, will import an extra 400,000 tons of petroleum this year in a bid to meet rising demand and settle a jittery market, state media said on Wednesday. Prime Minister Phan Van Khai signed off on the Ministry of Trade proposal to allow for the increase, which would bring the petroleum import tally to eight million tonnes, Vietnam News reported.

Denpasar's roads taking a heavy human toll

Denpasar's roads taking a heavy human toll DENPASAR, Bali (JP): Five-year-old Kadek Agus' short life ended on a fateful Friday afternoon on a Sanur bypass. A motorist slammed into him as he crossed the street. As the critically injured boy lay motionless, his mother ran screaming to help him. Her efforts were in vain and grieving engulfed his family's simple brick house by the side of the road. "The accident took place at about 4 p.m. local time on October 13.

Pfizer plans S'pore plant

Pfizer plans S'pore plant SINGAPORE (AFP): US pharmaceutical giant Pfizer announced plans Wednesday for a S$600 million (US$343 million) manufacturing facility in Singapore, officials said. The eight-hectare (19.76-acre) pharmaceutical ingredients factory, to be fully operational by 2004, will serve global markets, the company said in a statement. It will be the first of its kind for Pfizer in Asia and the eighth in the world, the company's global manufacturing president John Mitchell said.

House commission rejects education budget for 2001

House commission rejects education budget for 2001 JAKARTA (JP): A House of Representatives commission has rejected the Rp 11.4 trillion for education allotted in the draft 2001 budget, saying the government should allocate at least 10 percent of the state budget to education if it truly wants to start resolving the country's poor human resources problem.

Observers want more public accountability

Observers want more public accountability JAKARTA (JP): Observers have urged more public participation in every part of the decision-making process in the city administration and council so that every policy adopted by the city government would be transparent and accountable to the public.

Where to go in Bali:

Where to go in Bali: Exhibition * Painting Exhibition The Body Fantasy by I Gusti Ayu Kadek Murniasih, Lingkar Becik Gallery, Jl. Raya Celuk, in Celuk village, Sukawati, Gianyar (Phone: 0361 295411), Monday to Friday, 10 a.m. to 8 p.m., Saturday, Sunday, 10 a.m. to 2 p.m., Oct. 21 to Nov. 5. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m. * Museum Puri Lukisan, Jl.

Bank Universal's profit

Bank Universal's profit JAKARTA (JP): Publicly listed Bank Universal said on Wednesday its lendings as of September reached Rp 2.1 trillion (US$238 million), far exceeding its Rp 1.7 trillion credit target for the year.

Indo.com sells arts

Indo.com sells arts JAKARTA (JP): Indonesian travel portal Indo.com announced on Wednesday the launch of its online service to facilitate the sale and purchase of arts and crafts over the Internet. The Internet portal operator said that through the online marketplace, producers of arts and crafts in Indonesian would be able to reach potential buyers worldwide, and in turn buyers would be able to find comprehensive information about qualified sources for the country's arts and crafts products.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Documentary 3:30 Music 4:00 News 4:30 Talk Show 5:30 TVRI News 6:30 Religious Teachings 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 News 9:30 Film 10:30 News 11:30 Soccer: Indonesia vs Korea (live) Program 2 5:30 p.m. News 6:00 Music 7:00 Evening News 7:30 TV Drama 8:00 City News TPI 5:30 a.m.

TNI must be loyal to Pancasila

TNI must be loyal to Pancasila From Suara Karya Several local newspapers recently reported there was a "virus" in the Indonesian Military (TNI). This may be right, and I call the virus "radicalism". What if President Abdurrahman Wahid, or Gus Dur, says TNI should not co-opt power, and it later turns out that a few high-ranking TNI officers did co-opt power for themselves. In a real example, not long ago when Bondan fell, Agus Wirahadikusumah also fell along with Saurip Kadi and his cronies.

U.S. dollar rates Oct. 18

U.S. dollar rates Oct. 18 Current High Low Euro* 0.8523 0.8571 0.8522 Japanese Yen 108.22 108.35 107.78 British Pound* 1.451 1.4537 1.443 Swiss Franc 1.7707 1.7717 1.763 Austrian Schilling 16.1373 16.1392 16.0601 Belgian Franc 47.308 47.314 47.082 Danish Crown 8.7306 8.7485 8.687 Dutch Guilder 2.5847 2.5847 2.572 Finnish Markka 6.9728 6.9736 6.9395 French Franc 7.6927 7.6936 7.6559 German Mark 2.2937 2.294 2.2827 Greek Drachma 397.93 398.11 396.11 Irish Punt 1.0823 1.0879 1.0826 Italian Lire...

Officer suspended following abduction

Officer suspended following abduction MAKASSAR, South Sulawesi: Provincial police chief Brig. Gen. Sofjan Jacoeb has suspended Sinjai Police deputy chief Sr. Insp. Sappewali several days after Sappewali and his adjutant were assaulted and abducted. Sofjan said the suspension would allow for an investigation into Sapewalli's alleged involvement in dirty businesses in the small town, some 150 kilometers north of here. "We just want to avoid further dispute with the people.

U.S. embargo on Indonesia?

U.S. embargo on Indonesia? One of our experts has defined the term "embargo" as temporary confiscation of foreign vessels, for example, at war time, in order to ensure that they do not leave the port. Another meaning of the word is a prohibition banning the movement of goods between countries. An example of how the word is used in the press is as follows: "Foreign Minister Alwi Shihab confident the U.S. will not slap embargo on Indonesia." Take the U.S. embargo on Iraq, for example.

Jakarta's water company problems continue

Jakarta's water company problems continue JAKARTA (JP): Some 200 employees from the city-owned tap water company PD PAM Jaya staged another protest here on Wednesday over a longstanding dispute. The dispute concerns the status of over 2,400 employees who are now working for two foreign companies, namely British-based Thames Pam Jaya (TPJ) and French-based PAM Lyonnaise Jaya (Palyja), both of which are partners of PD PAM. The dispute has been dragging on for some two years.

IBRA to sell another Rp 8t worth of bank loans

IBRA to sell another Rp 8t worth of bank loans JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said Wednesday that it would sell around Rp 8 trillion (US$900 million) in restructured loans to local and foreign investors via a limited auction. IBRA said in a statement that the loans were owed by 29 individual companies and 20 business groups including the Astra Group, Mulia Group, Argo Pantes Group and the Bimantara Group.

Indonesians' interest in reading high

Indonesians' interest in reading high JAKARTA (JP): Observers disagreed on Wednesday with claims that Indonesians had poor reading habits which contributed to the poor sales of books and other printed publications. A researcher from Yogyakarta-based Gajah Mada University's School of Psychology, Primanto Nugroho, said Indonesians' interest in reading was not low at all.

PMI blood free of HIV/AIDS

PMI blood free of HIV/AIDS JAKARTA (JP): The Ministry of Health and Social Welfare declared on Wednesday that blood in the nine bags from the Indonesian Red Cross (PMI) Bandung branch in West Java was free of the Human Immunodeficiency Virus (HIV).

Flood hits Cilacap villages

Flood hits Cilacap villages CILACAP, Central Java: The beginning of the rainy season here has been marked by flooding in a number of villages, where water from swollen rivers has inundated hundreds of houses. The flooding resulted from heavy rain over the past two days. Kroya, Maos, Sampang, Sidareja and Adipala have been the hardest hit areas. "This is a routine flood we experience every year.

Govt wants to improve intelligence capacity

Govt wants to improve intelligence capacity JAKARTA (JP): The government is revamping the State Intelligence Coordinating Board (Bakin) in order to gain accurate information and intelligence data, Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono said on Wednesday. Susilo said Bakin would be given a new name, National Intelligence Agency (BIN). The government will decide on the matter on Oct. 24 at the latest.

Taufik, Susanto run out of time

Taufik, Susanto run out of time JAKARTA (JP): Indonesian Chess Association (Percasi) Master (MP) Taufik Halay and MP Susanto Megaranto both lost to their opponents after running out of time. Hikaru Nakamura of the U.S. claimed that time was out for Taufik when the Indonesian played his 39th move. But the referees rejected the claim and told him to resume playing. Tragically, Taufik did not make a move as he did not understand what the referees had said.

Creditors pledge $4.8b to Indonesia

Creditors pledge $4.8b to Indonesia By Kornelius Purba TOKYO (JP): The International Consultative Group on Indonesia (CGI) agreed on Wednesday to provide US$4.8 billion in new loans to Indonesia to fill part of its budget deficit in 2001 fiscal year beginning in January.

Three police officers die in car accident

Three police officers die in car accident BOGOR (JP): Three Sukabumi Police officers, including on-the- alert unit chief Sr. Insp. F. Zaelani, 45, were killed in a car accident on Wednesday when their vehicle collided with a container truck on Jl. Raya H.R. Edi Sukma, Cijeruk, on Wednesday. According to Cijeruk substation police chief Insp. Apud Syarief, the three officers were on their way to attend a routine meeting at the Bogor Police Headquarters when the accident occurred.

Rexy to coach English team starting in 2001

Rexy to coach English team starting in 2001 JAKARTA (JP): Indonesian men's doubles player Rexy Mainaky will officially take over as coach of the English badminton team on Jan. 8, 2001, after resigning from the national team. "I have been in discussions with the Badminton Association of England since last year's All England and I also visited the training camp near London last year. I will bring my family with me for my two-year tenure," Rexy said.

Lycos-Singtel portal

Lycos-Singtel portal SINGAPORE (AP): Lycos Asia and Singapore Telecommunications on Wednesday announced the formation of the Indonesian-language Web portal Lycos Indonesia. The new portal site is "dedicated to Internet users in Indonesia and individuals with a special interest in the country," Lycos Asia said in a statement, adding that the site is written in Bahasa Indonesia. Lycos Asia is a $50 million joint venture between U.S.-based Lycos Inc. and Singapore Telecommunications.

Saurip upset over disciplinary charges

Saurip upset over disciplinary charges JAKARTA (JP): Maj. Gen. Saurip Kadi, former territorial assistant to the Army chief, denied on Wednesday he would be handed disciplinary charges that could show him the door.

Automatic phone charge

Automatic phone charge From Kompas I think I have been cheated twice by either telecommunications company PT Telkom or a Wartel (telecommunications kiosk). The first incident took place on July 22 at a Wartel close to the main gate of Bandung Railway Station. At about 4 p.m. I made a phone call to Bekasi. No one picked up the phone, but then I heard an "automatic" sound saying something like: "The person you are calling is not available" and at the same time the meter started to operate.

Police have yet to start probe on Suwondo: Officer

Police have yet to start probe on Suwondo: Officer JAKARTA (JP): The police gave conflicting statements on the progress of the investigation into the State Logistics Agency (Bulog) scandal, in contrast to the statement made by the lawyer representing Alip Agung Suwondo, a suspect in the multibillion rupiah scandal. Jakarta Police detectives chief Sr. Supt.

Additional debt burden

Additional debt burden The US$4.8 billion of new loans approved by the 35-member Consultative Group on Indonesia (CGI) creditor consortium in Tokyo on Wednesday can be seen from different perspectives. The Indonesian high-powered delegation to the CGI meeting that included seven Cabinet ministers may boast of the new aid package as a vote of international confidence in the government, notably its economic team.

Malaysia's Proton in alliance talks with potential partners

Malaysia's Proton in alliance talks with potential partners KUALA LUMPUR (AFP): Malaysian carmaker Proton said Wednesday it has held discussions with several global automotive manufacturers to explore product development and engineering alliances. In a statement responding to a report that U.S.' Ford Motor Co. was keen to form an alliance, Proton named its current partner Mitsubishi Motor Corp. as among the manufacturers but did not mention Ford.

NEC wins $475m Asia cable contract

NEC wins $475m Asia cable contract TOKYO (Reuters): Japan's NEC Corp said on Wednesday it had won a $475 million order to build an underwater fiber optic cable connecting major cities in Asia.

U.S. returns to Vietnam with aid

U.S. returns to Vietnam with aid HANOI (AFP): Twenty five years after the end of the Vietnam War, the U.S. air force returned to the former southern capital on Wednesday with a consignment of relief aid for the flood- stricken Mekong Delta. A first C-130 transport aircraft touched down at Tan Son Nhat airport -- one of the hubs of the U.S. wartime military effort -- from Anderson Air Force base in Guam, said a spokesman for the U.S. consulate in Saigon, now renamed Ho Chi Minh City.