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Saturday, September 20, 2008

The parliament of Indonesia has approved government plans to make an Initial Public Offering (IPO) of shares in three major state-owned firms, privatising them. They are steelmaker Krakatau Steel, Bank Tabungan Negara (BTN) and national flag carrier Garuda Indonesia.

The parliament has left the process fully in the hands of the government, and has set the maximum stake to be sold at 30% for BTN and Krakatau, and 40% for Garuda. Although Indonesia has been known to fund budget deficits with privatisation, the intention is for the funds from this scheme to go to the businesses themselves to allow expansion.

Krakatau expects 3.2 trillion Rupiah (IDR) from the sale, while the estimated price for their stock is between IDR3 and IDR4 trillion (321 – 428 million USD). Both ArcelorMittal SA, the biggest steelmaker in the world, and BlueScope Steel Ltd, the largest in Australia, have expressed an interest in the IPO. Krakatau will use the funds to help finance an expansion scheme which aims to have production doubled to five million tonnes in 2011.

BTN, which focuses on home owner loans, has set itself a target income of IDR36.12 trillion (3.86 billion USD) in 2010 compared to a projected IDR22.9 trillion ( 2.45 billion USD) this year. Net profit for this year is projected at IDR472 billion (50.5 million USD)and is hoped to rise to IDR1.39 trillion (148.7 million USD) in 2010. The bank’s loan to deposit ratio is predicted to rise from 105.05% this year to 144.93% in 2012. BTN hopes to conduct its IPO before the end of 2008.

Garuda is not quite 100% state-owned to start with, unlike the other two, but is very close with 95.44% of the company belonging to the government. Like all of Indonesia’s 51 airlines, Garuda is on the list of air carriers banned in the EU due to safety concerns raised after a string of air accidents in the nation. Garuda expects to raise IDR4.2 trillion (449.4 million USD) in funds from the IPO, and will use IDR2.5 trillion (267.5 million USD) to pay off its debts and invest IDR1.7 trillion (181.9 million USD) in new aircraft.

The government is still working to get a deal to make IPOs for architectural firm Yodya Karya and three plantation firms called Perkebunan Nusantara III, IV and VII.

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Monday, September 24, 2007

Andrew McAvoy is running for the Green Party of Ontario in the Ontario provincial election, in the Windsor-Tecumseh riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Thursday, November 16, 2006

Buffalo, New York —A proposed hotel that was supposed to be built at the corner of Elmwood and Forest Avenues in Buffalo, New York is apparently off the table. The former proposal was going to be called The Elmwood Village Hotel and would have consisted of 72 rooms and cost between $7 to $10 million American dollars to build.

Today several unknown individuals were seen removing a sign that was dedicated to the “Elmwood Village Gateway,” which signifies the beginning of the Elmwood Village at the formerly proposed project’s location.

Nearly an hour later the men replaced the sign with a different and unexpected sign: “For Sale: 5 commercial parcels and 1 carriage house, By: Owner.” Those 5 “parcels” are 1109-1121 Elmwood and 999 Forest Avenue, which is located in an illegal alley, according to the City of Buffalo, behind the 5 other properties on Elmwood. Hans Mobius owns all properties named in the sale.

Sam Savarino, CEO of Savarino Companies never owned the properties and has repeatadly told Wikinews in exclusive interviews that he still had a “contract to buy the properties” and on October 2, 2006 told Wikinews in an exclusive interview that he “extended” the “agreement to purchase the property[s] and will have it under contract for what we hope is a sufficient period of time.”

“He [Mobius] is undoubtedly concerned because he has lost some tenants and is a bit impatient. I think he has properly portrayed the situation,” said Savarino in an exclusive interview with Wikinews.

Savarino also says that there may be “legal issues” to work out now, before anything else can move forward, regarding the proposal.

“There are some legal complexities that must be sorted out before anything can happen there,” added Savarino.

The welcome sign was; however, not removed entirely. The sign was placed, facing the same direction of north, on the side of the Forest Plaza Art Gallery, a new art gallery located on the corner of Forest and Elmwood.

Nancy Pollina, owner of Don Apparel which was located at 1109 Elmwood, but closed on October 14, 2006 considers this a possible “victory” in regards to the lawsuit filed against the hotel to stop it from being built, alleging that several laws were broken, including not performing an Environmental Impact Study before the proposal was approved by the city, during its approval and the proposal was “rushed.” Patricia Morris, who operates Don Apparel with Pollina, Angeline Genovese and Evelyn Bencinich, owners of residences on Granger Place which abut the rear of the proposed site, Nina Freudenheim, a resident of nearby Penhurst Park, and Sandra Girage, the owner of a two-family residence on Forest Avenue less than a hundred feet from the proposed hotel’s sole entrance and exit driveway, were also plaintiffs in the lawsuit. They filed the suit with a lawyer representing them, Arthur J. Giacalone, on April 25, 2006 in New York State Supreme Court, but the case has never gone to a courtroom.

Giacalone believes that a press release issued in July regarding the project was nothing but a statement to “save face,” but that the placement of the for sale sign might be a way of convincing Savarino to speed up the sale of the properties.

“I thought all along that Savarino’s July press release might be no more than an effort to save face. But we have no way of knowing. Similarly, Mobius might have put the for-sale sign up in an attempt to pressure Savarino into closing the deal. There’s no way to tell,” said Giacalone in an exclusive interview with Wikinews.

In regards to the lawsuit, Giacalone thinks it may now be in “limbo.”

“The lawsuit still sits in limbo,” added Giacalone.

Wednesday, June 23, 2021

On Monday, Canada, the European Union (EU), the United Kingdom and the United States imposed new sanctions on senior officials and entities in Belarus over the May 23 diversion of a Ryanair flight and subsequent arrest of dissident journalist Roman Protasevich and his girlfriend Sofia Sapega, as well as “repressive practices” committed by the Belarusian government.

The joint action was aimed at putting pressure on Belarusian president Alexander Lukashenko’s “regime”, a joint statement read, citing “continued attacks on human rights, fundamental freedoms, and international law”, as well as the “politically motivated” arrest of Mr Protasevich and Ms Sapega.

The statement went on to express support for “the long-suppressed democratic aspirations of the people of Belarus”, calling for Belarusian co-operation in investigations into the incident, the release of all political prisoners, adherence to the recommendations of an expert mission by the Organization for Security and Co-operation in Europe (OSCE), of which Belarus is a participating state, and OSCE-facilitated dialogue between the government and opposition.

The circumstances surrounding the forced landing of Ryanair flight FR4978 from Lithuania to Greece in Minsk, the Belarusian capital, are contested. As reported by Sky News, state media says the diversion was due to threat of explosives on board, a claim Global Affairs Canada calls “dubious and still unverified”.

Total restrictive measures varied between the countries and regional organisation. Canada sanctioned 17 new individuals for a total of 72, and five entities described in a press release as being “due to the ongoing disregard for human rights demonstrated”.

The EU, through the Council of the European Union, extended its restrictive measures by 78 individuals and eight entities related either to human rights violations or the “forced and unlawful landing”, to a total of 166 individuals and fifteen entities. Those who are impacted, including judges, businesspeople, university rectors and government ministers, will be subject to an asset freeze, and persons affected prohibited to enter or transit through EU territory.

The measures also prohibit EU citizens and companies from making money available to the designated. According to the Associated Press, EU policy chief Josep Borrell said the measures “are going to hurt […] the economy of Belarus heavily”. The decision to affect entities, not just individuals, foreign minister of Germany Heiko Maas said, will impact the “economic areas that are of particular significance for Belarus and for the regime’s income”; those targeted include the export of fertiliser ingredient potash, and those of tobacco and petroleum.

The United Kingdom furthered sanctions levied with Canada in September on eight Belarusian officials, including Lukashenko, his son, and senior government members. New restrictions include eleven individuals and two entities, which are henceforth subject to asset freezes and travel bans.

Among those targeted includes petroleum exporter BNK (UK) Ltd, which, according to its 2019 report of the director presented to Companies House, “provides intermediate services to oil sector companies” in Belarus. According to a government press release, UK foreign secretary Dominic Raab said “cutting off oil export revenue streams” was one way the government would “hold the [Belarusian] regime to account”.

The United States, through the State Department and Office of Foreign Assets Control under the Treasury Department, imposed visa restrictions on 46 Belarusian individuals holding “key positions” in the country, according to a press release, and added 16 individuals and five entities to a designated list. In addition to concerns of the country’s “transnational repression” and “affronts to international efforts”, the US also cited the “fraudulent” 2020 Belarusian presidential election as cause for the sanctions’ imposition.

The timing of the sanctions was questioned by Belarusian Nikolai Shchekin on state media network the Belarusian Telegraph Agency, noting the date June 21 is one day before the anniversary of the start of the German invasion of the Soviet Union, or the “Great Patriotic War”. According to CNN, the US attempted to announce its sanctions earlier, prior to a meeting between US president Joe Biden and president of Russia Vladimir Putin, but was held up by the EU.

Sunday, May 22, 2005

The Eurovision Song Contest 2005 was won yesterday by the entry from Greece, Helena Paparizou, singing My Number One, second place going to the entry from Malta and third place going to Romania.

The competition was held in Palace of Sports in downtown Kiev, Ukraine, after its entry, Ruslana, had won the 2004 contest singing Wild Dances. Semi-finals had been held on May 19, 2005. 10 out of 25 countries with the highest scores in the semi-finals then joined 14 already pre-qualified countries in the final. Both events were televised across Europe.

More than 6000 spectators attended the event. Organisers hope that it will boost Ukraine’s image abroad and increase tourism, while the country’s new government hopes that it will also give a modest boost to the long-term goal of acquiring European Union membership.

Bulgaria and Moldova took part for the first time while Hungary returned after a hiatus since 1998. Lebanon had been expected to make its debut appearance but decided to withdraw. For the first time in the history of the contest, Ireland failed to qualify.

The hosts for the event were Maria “Masha” Efrosinina and DJ Pasha, a TV Presenter and Radio DJ.

Finally, it’s important to note most countries now choose to sing in English rather than their native language, since rule changes permit the singer to perform in any language they want.It is interesting to note that Spain, the United Kingdom, France, and Germany, who all automatically qualify for the final by right of paying the bulk of the budget of the European Broadcasting Union (Eurovision’s parent organisation) all finished in the bottom four positions.

Monday, June 30, 2008

After auctioning off his entire life on eBay for A$399,300 (€244 912.148) Ian Usher says he is “a little bit disappointed” at the final selling price.

The 44-year-old British immigrant living in Perth, Australia, put all of his worldly belongings up for sale on the popular auction website, including his three-bedroom house and all its contents, his car, motorcycle, jetski, skydiving gear, and his job at a rug store, for which he offered a two week trial period. He even offered introductions to his friends living in Perth.

Usher made the decision to sell his life after his five-year marriage suddenly ended. On his website, alife4sale.com, he explains that “despite my life being busy and fulfilled, I still miss my wife so much. Everything in my home is a reminder of the wonderful past we shared. So, after a year in this house I decided that it is time to sell it and move on.”

During the 7 day auction, which ended on Sunday, there were several bogus bids which brought the sale price as high as A$2.2 million, but the final price ended up at A$399,300, which was around A$100,000 less than Usher had hoped for. “I’m a little bit disappointed, but I’m still excited. It’s still enough to move forward and do what I said I was going to do, which is move on to the next part of my life,” Usher said. “It was as much about moving on as it was about selling it for as much as I could get.”

According to Reuters, the winning bidder, whose username is “mslmcc”, also lives in Australia, and has a 100 percent feedback rating. Usher says he hasn’t yet been able to figure out who the buyer is, because of the TV crews lined up in front of his home. “I’m trying to find some time to get on the computer and check it out … I haven’t looked (up) anything about them yet,” he said.

Usher now plans to go off in search of a new life. His initial plan, as he describes on his website, was to just walk out his front door with just his wallet and a passport and board a train, with no idea of where to go. He has since launched 100goals100weeks.com, which will document his attempt to complete 100 of his life goals in a span of 100 weeks. Some of these goals include getting a pilot’s license, climbing the Eiffel Tower, learning to play the didgeridoo, and shaking hands with billionaire Richard Branson.

“I was pretty aimless when I started this, and I had a vague notion of adventure, but I’ve come up with a much more solid plan, which is still very adventurous,” Usher says. He invites anyone who is interested to join him on his adventures.

Sunday, November 5, 2006

On November 2, Ted Haggard resigned from the presidency of the National Association of Evangelicals and his pastorship in the New Life Church after allegations that he repeatedly engaged in homosexual sex with a prostitute (Mike Jones) and used methamphetamine.

Haggard, a critic of gay marriage and homosexuality, is a leading social conservative voice. Author Jeff Sharlet reported that Haggard “talks to. . . Bush or his advisers every Monday” and opines that “no pastor in America holds more sway over the political direction of evangelicalism.”

In his church, Haggard preached “we don’t have to debate about what we should think about homosexual activity, it’s written in the Bible.”

On Wednesday Haggard denied knowing the male escort, Jones, but admitted Friday that he had summoned the escort to give him a massage in a Denver hotel room and bought methamphetamine from him. He then followed up and said, “I was tempted, I bought it, but I never used it.”