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Indonesia says fate of Mahakam block in Pertamina's hands JAKARTA: Indonesia says it plans to hand control over the Mahakam gas block to Pertamina once its current operator's contract, held by Total SA, expires in 2017, but details of a proposed partnership remain unclear.Total's contract to operate the Mahakam block, Indonesia's single-largest source of natural gas, is one of numerous oil and gas contracts due to expire under uncertain terms, a stumbling block that the government of Southeast Asia's largest economy has promised to address quickly.Indonesia is one of the world's biggest liquefied natural gas exporters, but with domestic output slipping and local demand growing the country has begun consuming more of its production and is seeking overseas supplies.Questions have circled Pertamina's technical and financial capacity to operate the block, situated in East Kalimantan province, and maintain current production levels - around 1.7 billion cubic feed last year."The government will give 100 percent of the Mahakam block to Pertamina. ...

Indonesia deports Australian journalist for visa violations JAKARTA: An Australian journalist has been deported from Indonesia for reporting without a proper visa as she covered two Australian drug traffickers on death row, an immigration official said Saturday.Candace Sutton, a reporter for the Daily Mail, was taken in for questioning by immigration officials on Wednesday as she interviewed a relative of one of the Australian convicts in the coastal town of Cilacap.The town is close to a prison island where the traffickers Myuran ...
China to raise retail price of gasoline and diesel BEIJING: China will raise retail prices for gasoline by 390 yuan ($62) per tonne and for diesel by 375 yuan ($60) per tonne from Saturday as oil prices moved off lows plumbed last month, the country's powerful economic planning agency said on Friday.The hike is the second consecutive price increase by the National Development and Reform Commission (NDRC), which can adjust fuel price ceilings on a bi-weekly basis.The pricing system, adopted in March 2013, ensures ...
Four dead in second rare shooting in South Korea SEOUL: Four people, including a policeman, were killed on Friday in the second shooting incident in two days in South Korea where gun crime is extremely rare.A 75-year-old man, armed with a hunting rifle, shot dead his brother, the brother's wife and a policeman who responded to an emergency call, Yonhap news agency said.The gunman then turned the weapon on himself.Police told Yonhap that the shooting in Hwaseong City, around 40 kilometres (25 miles) southwest ...
Australian PM Abbott bats away leadership speculation SYDNEY: Embattled Australian Prime Minister Tony Abbott on Friday dismissed heated speculation he will be dumped by his conservative colleagues, saying he expected to lead his party to the next election.After reports that Abbott may not survive another challenge to his leadership, the prime minister was asked whether he expected to be in his job by the end of next week."Other people can obsess about this kind of insider gossip, but I'm certainly not going ...
Indonesia's Widodo 'considering position' on death row Australians SYDNEY: Australian Prime Minister Tony Abbott Thursday offered a glimmer of hope for two men facing imminent execution in Indonesia after phoning President Joko Widodo who he said was "carefully considering his position".Australians Myuran Sukumaran and Andrew Chan, ringleaders of the so-called "Bali Nine" drug smuggling gang, were arrested for trying to traffic heroin out of Indonesia in 2005 and sentenced to death the following year.Their appeals for presidential clemency, typically the final chance of ...
Singapore's Lee Kuan Yew still in ICU: government SINGAPORE: Singapore's founding prime minister Lee Kuan Yew has been put on antibiotics and remains in intensive care at a government hospital, the Prime Minister's Office said in a statement on Thursday.The update came after the government had to quash widespread rumours late Wednesday that the 91-year-old patriarch had died. "He remains sedated and on mechanical ventilation. His doctors have restarted him on antibiotics, and are continuing to monitor him closely," the government statement said.Lee, ...

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln