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COPYRIGHT 2008 Asia Pulse Pty Ltd
An executive briefing on energy for May 30, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA'S ASTRATEL EYEING US$1.2 BLN POWER PROJECT OF PLN
JAKARTA - PT Astratel Nusantara is eyeing a US$1.2 billion project to build a coal-fired power plant of the state-owned electricity company PLN with a capacity of 1,200 megawatt in Central Java.
The subsidiary of PT Astra International said it will take part in a tender to be held this year after a previous tender for the project in 2006 was revoked.
MALAYSIA'S GENTING POSTS 29.1 PCT FALL IN Q1 ON POOR UK GAMING OPS
KUALA LUMPUR - Genting Berhad (KLSE:3182) on Thursday posted a 29.1 per cent slump in first quarter pre-tax profit to RM853.185 million (US$266.6 million) against RM1.202 billion a year ago despite the solid performance of its plantation division.
The casino operator said the UK gaming operations under Genting International Plc (GIPLC) was affected by lower business volume, higher amount of net bad debts written off and higher gaming duties pursuant to the change in gaming duty rate from April 2007.
VIETNAM TO DEVELOP STRATEGIES FOR ITS COAL INDUSTRY
HANOI - Strategies for coal production and import must be developed in order to guarantee Vietnams energy security in the future.
Domestic demand for coal is predicted to be 37 million tonnes in 2010, 94 million tonnes in 2015 and 184 million tonnes in 2020, according to a coal industry development plan.
MALAYSIA TO UNVEIL FUEL SUBSIDY REFORM PLAN BEFORE BUDGET 2009
PUTRAJAYA - Second Finance Minister Nor Mohamed Yakcop said the government will unveil a fuel subsidy reform plan before the 2009 Budget ensuring it will benefit the low and middle income groups especially...
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