Indonesia: domestic air travel slows as carriers cut back service

Article Abstract:

Indonesia's six airlines have been grounded as a result of declining demand for air travel and increasingly unprofitable operating costs due to the economic crisis in the region. The number of daily domestic flights is expected to fall by as much as 80% by the end of 1998. Indonesia's failing air travel industry has made the country more vulnerable to the ongoing financial crisis in Asia with many of the nation's 17,000 islands remaining inaccessible except by air because of rough terrain and lack of infrastructure.

Comment:

Indonesia: Its 6 airlines have been grounded as a result of declining demand for air travel & unprofitable operating costs

Market information - general, Scheduled Passenger Air Transportation, Domestic Scheduled Air Service, Domestic airlines, Article

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Indonesia agrees to sell majority stake in port operator; Hutchison Whampoa subsidiary is expected to revamp Jakarta's harbor

Article Abstract:

The Indonesian government, in its bid to raise funds for an agreement with the International Monetary Fund, has sold a majority stake in the PT Jakarta International Container Terminal and the PT Pelabuhan Indonesia II port operator to Hong Kong-based Hutchison Whampoa Ltd. The transaction was valued at $243 million. Although the government was targeting to raise around $1.5 billion, it had to settle for much less than that due to minimal foreign investor interest in the country.

Diversified Companies, Acquisitions & mergers, Government regulation (cont), Hong Kong, Port and Harbor Operations, Pier & Terminal Operators, Management, Economic aspects, Mergers, acquisitions and divestments, Transportation industry, Economic policy, Hutchison Whampoa Ltd., Privatization, Privatization (Business), Ports, Marine terminals

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Arco to tap Tangguh field; demand for liquefied natural gas recovers. (Atlantic Richfield Inc., in Tangguh, Indonesia)

Article Abstract:

Atlantic Richfield Co., announce partnership with Pertamina. Humas P.T., Indonesia's s state-owned petroleum company, to produce liquefied natural gas at its Tangguh oilfields in Papua Province, Indonesia.

Production management, Natural Gas Liquid Extraction, Alliances, partnerships, Natural gas liquids, Liquefied Natural Gas & Ethane, Discovery and exploration, Natural resources, Atlantic Richfield Co., ARC, Liquefied natural gas industry, Liquefied natural gas, Pertamina Humas P.T.

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