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Indonesia's Pertamina plans $2bn annual investment for Mahakam block JAKARTA: Indonesia's Pertamina would invest around $2 billion annually into the Mahakam gas block if given control, and target output of 1.2 billion to 1.5 billion cubic feet of gas per day (bcfd), a senior official at the state-owned energy firm said.The government plans to hand Pertamina control of the block once the contract of current operator, Total SA, expires in 2017.Pertamina submitted its investment plan for the block to the government a week ago, and the authorities said a decision on its future would be made by the end of March."Based on our evaluation, we can keep production of gas in Mahakam Block around 1.2-1.5 bcfd," Syamsu Alam, Pertamina's director of upstream operations, told Reuters by text message on Friday. "Investment - we estimate around $2 billion per year."Analysts have questioned Pertamina's technical and financial capacity to operate Indonesia's single-largest source of natural gas, situated in East Kalimantan province, ...

Helicopter crash kills two men in Japan TOKYO: A helicopter crash killed two men in western Japan Friday after hitting a power line, according to media and authorities.An "AS 332L" helicopter was travelling from a hydropower plant in Mie prefecture to a regional heliport for refuelling, but crashed in a mountainous area on the way, a police spokesman said.The chopper touched a power line and crashed around 10:50 am (0150 GMT), according to an official at the transport ministry.Local media said the ...
South Korea police probing US envoy attacker's links with North SEOUL: South Korean police said on Friday they were investigating any possible links the man behind a shocking knife attack on the US ambassador to Seoul may have had with North Korea.Kim Ki-Jong, 55, faces possible attempted murder charges after slashing ambassador Mark Lippert with a paring knife in an assault that left the US envoy needing 80 stitches to a deep gash on his face.The profile painted of Kim is that of a lone ...
Myanmar police charge 14 garment workers as protests gather pace YANGON: Myanmar police have charged 14 garment workers with rioting following a crackdown on a strike, state media said Friday, as authorities face increasing criticism for their handling of a series of protests. The workers, eight men and six women, face jail if convicted. They were arrested on Wednesday after blocking roads to the commercial hub of Yangon in a protest over wages, the Global New Light of Myanmar reported.Police broke the strike by hundreds ...
Hong Kong democrats hail 'honourable' UK MPs after report HONG KONG: Hong Kong's democrat lawmakers called British MPs "honourable" on Friday for highlighting concern over the erosion of freedoms by China in a new report -- but said the city has to fight its own battles.China announced in August last year that candidates running for the city's chief executive in 2017 -- the first ever public vote for leader -- would be vetted by a pro-Beijing committee. That decision sparked more than two months ...
China vows to fight pollution 'with all might' BEIJING: Chinese Premier Li Keqiang on Thursday renewed pledges to tackle the country's chronic pollution, without announcing any significant new environmental measures.The Chinese public are increasingly enraged by hazardous smog that regularly blankets cities, as well as water and soil that are laced with heavy metals and various other toxic pollutants."Environment pollution is a blight on people's quality of life and a trouble that weighs on their hearts," Li told the opening of the annual ...
China premier says confident of peaceful growth in Taiwan ties BEIJING: Chinese Premier Li Keqiang said on Thursday that he was confident of the peaceful growth in relations with self-ruled Taiwan, an island China claims as its own, saying it was a historic trend that could not be reversed.Business ties across the narrow Taiwan Strait have surged to their most extensive in six decades, supported by the policies of Taiwan's China-friendly President Ma Ying-jeou.But Taiwan's ruling Nationalist party took a major drubbing in recent local ...

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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln