World cup

Jakarta (VNA) - Taiwanese state-owned oil refiner CPC Corp. has pledged to invest 22 billion USD in the development of the Balongan petrochemical refinery, said Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan. In 2018, the company and Indonesia’s oil and gas holding PT Pertamina signed a 6.49 billion USD framework agreement for the project. Under the deal, the two sides will cooperate in building an oil refinery with an annual capacity of at least 1 million tonnes of ethylene and a downstream unit that will produce other refined derivative products to meet the needs of the world industry, especially in Indonesia. Several components of the project will start this year, including completing a pre-feasibility study (FS), starting a bankable feasibility study (BFS), environmental impact assessment (EIA) and land reclamation. The refinery is expected to start operating in 2026, Pandjaitan said. Currently, Pertamina‘s … [Read more...] about Taiwan invests 22 billion USD in building oil refinery in Indonesia

Jakarta (VNA) – Indonesia sold 1.03 million cars in 2019, a drop of 10.8 percent year on year from 1.15 million units the previous year, due to the weak demand and other factors, according to the car manufacturer association (Gaikindo). In December only, 86,582 cars were sold, lower than the 90,798 units sold in November and 87,846 vehicles in the same period of 2018. The market leader was still Toyota, with the sale of 333,222 units, followed by Daihatsu 177,284 units, and Mitsubishi 161,765 units. Earlier, Gaikindo had predicted the car sales would not be achieved because of low demand, tight competition, and influx of new players and variants from abroad, such as Wuling, Mitsubishi Xpander, and Nissan. According to analysts, car sales still have an opportunity to enjoy a two-digit growth if the economy grows by around 7 percent. They expect that throughout 2020, discount wars will decrease significantly as the producers are beginning to maintain their profit … [Read more...] about Indonesia’s car sales fall nearly 11 percent in 2019

Jakarta (VNA) – Indonesia’s resort island Bali fell quiet on March 7 for the annual “Day of Silence” festival, halting flights, internet and closing tourist attractions to allow time for meditation and introspection. Known locally as Nyepi, the festival marks a new year of Hindus on the island. They are expected to stay at home for 24 hours and self-reflect on the day. Non-Hindus and tourists are also asked to participate by staying indoors for the island’s annual shutdown. Cars and motorcycles are not allowed on the road except in the case of an emergency, lights inside homes and on the street must be switched off, and tourist attractions and shopping centres are all closed. Ngurah Rai International Airport announced it would close for 24 hours starting from 6am on March 7, affecting 468 flights, including 207 international ones. Local authorities also ordered mobile internet providers to shut down for the day, except for essential public services. … [Read more...] about Bali island shut down for “Day of Silence”

New Delhi (VNA) – Nearly 40 Vietnamese enterprises in electricity and electronics as well as trade promotion organisations joined showcases at Elecrama 2018 at the India Expo Mart in Uttar Pradesh State of India from March 10-14. The biennial event covered 80,000 square meters and attracted 1,500 enterprises and organisations who brought various products, including machines, technology equipment and solutions for electricity production, transmission, distribution as well as electronics, renewable energy, automobile electricity, power storage and railway electricity. Along with showcase activities, Elecrama also included seminars, high-level meetings and thematic conferences on electricity and electronics, including the World Unity Summit Conference that allowed participants to meet policymakers, advisors, researchers and partners in their area. The ChangeXchange 2018 was a venue for producers and providers of power and electronic equipment, technology solutions and … [Read more...] about Vietnam attends electricity exhibition Elecrama 2018 in India

Jakarta (VNA) – Indonesia plans to buy bigger vessels to allow its coast guards to travel across the ocean, notably the Natuna Sea off Riau Islands, and expand their patrol reach, local media reported. The plan was announced after Indonesian Defence Minister Prabowo Subianto had reportedly bought frigates for the Indonesian Navy from Denmark. Maritime Affairs and Investment Coordinating Minister Luhut Binsar Pandjaitan said that the Maritime Security Agency (Bakamla), which soon becomes the country’s coast guard, will need ships with the size of those Danish vessels. The Ministry of Defence has bought ocean-going vessels for the Navy from Denmark, Luhut said, adding that they are between 138 and 150 meters in length and those frigates can sail across the ocean. The appointment of Bakamla as coast guard is mentioned in a bill being deliberated by the Indonesian House of Representatives. The bill seeks to settle overlapping roles in domestic maritime securities. There … [Read more...] about Indonesia plans to buy bigger ships for coast guard