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SIA may sign $19 billion deal with Boeing in Washington next week

Singapore Airlines (SIA) hopes to sign an $19 bilion agreement with Boeing during Prime Minister Lee Hsien Loong's visit to Washington next week to buy more aeroplanes.
PM Lee said this in an interview with American news broadcaster CNBC that was released yesterday, when asked if there were new deals Singapore hoped to do with the United States.
In February, SIA agreed to place firm orders with Boeing for 20 777-9s and 19 787-10 Dreamliners, for additional growth and fleet modernisation through the next decade.
Singapore Airlines spokesman Nicholas Ionides confirmed that the aircraft order announced as a letter of intent earlier this year is expected to be formally signed during PM Lee's visit to Washington.
“More details will be announced after the signing of the purchase agreement with Boeing,” he said. – The Strait Times

Lao province sees surge in imports

The value of imports in Laos’ Savannakhet province jumped to US$1.2 billion (9.68 trillion kip) over the first six months of this year, about five times more than the set plan. 
Provincial Governor Santiphab Phomvihane, told local media recently the huge increase in imports was due to the fact that more construction equipment has been brought into the province for upgrading Road No 9.
“We have also imported machines and equipment for construction of factories in Special and Specific Economic Zones (SEZs) in the province,” the governor said. – Vientiane Times

Marine service provider buys energy company

Philippine tugboat and marine service provider Harbor Star Shipping Services Inc has diversified into the energy business with the acquisition of a controlling stake in a group of companies with interests in power generation and distribution in Mindanao.
Harbor Star obtained its board’s approval to buy, through wholly-owned subsidiary Harbor Star Energy Corp (HSEC), 60 per cent of the shares of Astronergy Development Gensan Inc, Astronergy Development F1 Inc, and Astronergy F2 Inc, collectively called the ADI group of companies.
Following the amendment in its bylaws in August to include among its secondary purposes the business of power generation and operation of maritime schools and educational/training facilities, Harbor Star created HSEC for the business of generating, distributing and storing electric power from solar energy and other renewable energy sources and fuels. – Philippine Daily Inquirer

Changes to BP Batam board after criticism

The Indonesian government has made changes to the board of Batam Indonesia Free Trade Zone Authority (BP Batam), which manages the Batam free-trade zone, to regain investors' trusts.
The overhaul comes after businesspeople expressed their dissatisfaction with Batam’s dual-governance system, which they said was a headache for potential investors.
“We appreciate BP Batam’s old management, but we need to hear suggestions from private companies, too, because they are the ones who invest and do business there,” Coordinating Economic Minister Darmin Nasution said in an inauguration ceremony in Jakarta on Thursday.
Located just an hour’s ride by ferry from Singapore, Batam refers to both an island and a municipality in the province of Riau Islands.
The region is managed by two authorities: BP Batam, which has the authority to distribute land for industry, issue business licenses and develop infrastructure, and the municipal administration, which is in charge of public services and administrative affairs.
To build a factory, for example, an investor must secure a land allotment from BP Batam, while at the same time applying for a building permit from the municipal government. – The Jakarta Post 
 

Published : October 20, 2017

By : Asia News Network