Indonesian Political, Business & Finance News

Oracle launches new product

| Source: JP

Oracle launches new product

JAKARTA: PT Oracle Indonesia started on Wednesday a marketing
campaign for its latest data-based collaboration software
product, which is expected to challenge the products made by IBM
and Microsoft, the leading industry players here.

Oracle vice president Christopher Hummel said in a press
conference that the company's 400 corporate clients would be the
main market target for the new software product.

He declined to disclose the sales target.

The product, called Oracle Collaboration Suite, enables an
integration of e-mail, voicemail, file system support, calendar,
real-time conferencing capabilities and workflow. --JP

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Corporatebrief-HK-airport-rates
HK airport seen to cut rates
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HK airport seen to cut rates

SINGAPORE: The Hong Kong Airport Authority may follow Taiwan and
Singapore in reducing costs to help airlines weather the
devastating fallout from the SARS outbreak, a regional airline
grouping said on Wednesday.

The Association of Asia Pacific Airlines (AAPA) has singled
out the Hong Kong airport operator for keeping landing and other
fees unchanged despite heavy losses by the region's carriers as
people cancel travel plans for fear of catching the sometimes
fatal SARS virus.

"From contacts we have had with the Hong Kong Airport
Authority, we are reasonably confident that they will follow the
example of others and offer the same concessions to the
airlines," said AAPA director-general Richard Stirland.

Following an appeal by AAPA, which groups 17 regional
airlines, the Civil Aviation Authority of Singapore announced a
30 percent rebate on aircraft landing fees for carriers using
Changi Airport and the smaller Seletar Airport from May 1 to
December 31.

Taiwan on April 15 also announced cuts in fees and rents for
airlines. -- AFP

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Corporatebrief-Thailand-airports
Airports of Thailand plans listing
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Airports of Thailand plans listing

BANGKOK: Thailand's main airport operator plans to launch its
initial public offering (IPO) by the third quarter of this year,
a report said on Wednesday.

Airports of Thailand (AOT) managing director Bancha
Pattanaporn told the Business Day newspaper that market
conditions were expected to return to normalcy by then.

"We would like to push on with the plan as war in Iraq is
likely to end soon, and as the deadly SARS (Severe Acute
Respiratory Syndrome) outbreak subsides," Bancha was quoted as
saying.

The company, formerly the Airport Authority of Thailand, would
use the IPO proceeds to finance construction of the country's new
Suvarnabhumi International Airport, which is scheduled to open in
2005, Bancha added.

The AOT postponed its share offering in October last year, a
month before it was due to list, because of weak market
conditions.

The company controls the airports of Bangkok, Chiang Mai, Hat
Yai, Phuket and Chiang Rai, all of which serve international
flights. -- AFP

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Corporatebrief-SIA-Airbus
SIA to retire Airbus fleet
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SIA to retire Airbus fleet

SINGAPORE: Singapore Airlines will retire its fleet of Airbus
aircraft earlier than planned, reflecting the flight capacity
cuts being implemented amid the SARS health scare, the carrier
said on Wednesday.

SIA stopped using A340-300s last week and will retire its
remaining nine Airbus aircraft by June, said a statement from the
company, which has 12 Airbus aircraft in its fleet.

"With the revision of the flight schedules, we stopped flying
the three A340-300 left in the fleet with effect from 15 April,
2003," SIA said.

"The remaining nine A310-300s will be phased out by June, five
months earlier than originally planned. This is in line with our
earlier announcements about capacity cuts and rescaling of
operations," it said.

SIA, along with other major carriers in Asia including Hong
Kong-based Cathay Pacific and Australia's Qantas, has been
severely affected by the health scare spawned by the Severe Acute
Respiratory Syndrome (SARS) outbreak. -- AFP

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