Indonesian group seeks $1bn debt for mine deal

Jakarta / Bloomberg An Indonesian consortium led by veteran investment banker Agus Projosasmito is in talks to raise $1 billion of debt to back its bid for control of Newmont Mining Corp.’s copper operations in the country, according to the group’s financial adviser. The investor group is in discussions with banks on borrowing $750 million in senior loans and $250 ...

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Thailand’s power peak to hit 28,500 megawatt this year

Bangkok / DPA Thailand’s power peak will hit a new record this year when electricity usage is expected to hit 28,500 megawatt, according to an estimate by the Electricity Generating Authority of Thailand under the assumption that average temperature would rise by 4 percent to 38.5 degree Celcius. The electricity consumption should hit a new peak some time during April ...

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Brunei eyes public-private coop for airport upgrade

Bandar Seri Begawan / DPA The Ministry of Communications is looking to use public-private partnership (PPP) to make the Brunei International Airport on par with the best in the world. Interior refurbishment of the Brunei International Airport will need to be done to make it one of the best in the world,” Mustappa Sirat said at 12th Legislative Council (LegCo) ...

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Former Toshiba boss grilled over falsified financial report

Tokyo / AFP A former Toshiba president has been questioned by Japan’s markets watchdog and may face criminal charges over his alleged involvement in a falsified earnings scandal, reports said on Saturday. The company has been roiled by a profit-padding scandal, in which bosses for years systematically pushed their subordinates to cover-up weak financial figures. Hisao Tanaka was quizzed by ...

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With Russian support, Syrian army pushes towards Palmyra

BEIRUT / AP Backed by Russian aircraft, Syrian troops pushed towards the historic central town of Palmyra in an offensive to recapture it from the IS group whose fighters have damaged some of the world’s most precious archaeological sites since they overran the town last May. After night fell, Syria’s state news agency SANA reported that the offensive advanced toward ...

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US views migrant deal as ‘important step’

WASHINGTON / AFP The United States views a deal by Turkish and EU leaders to curb the influx of migrants into Europe as an “important step,” the State Department said. Under the deal all migrants arriving in Greece from Turkey as early as Sunday will be turned back. “We strongly endorse action to shut down the illegal smuggling operations that ...

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Iraq forces in major push against IS group in Anbar

BAGHDAD / AFP Iraqi forces have launched a broad offensive to retake the city of Hit from the IS group in the western province of Anbar, a top commander said on Saturday. Led by the elite Counter-Terrorism Service, forces from the police, army and local tribal fighters were making a final push to retake Hit, 145 kilometres (90 miles) west ...

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Many in Burundi are living in ‘terror’, says UN rights chief

UNITED NATIONS / AP The UN human rights chief said that many people in Burundi are living in “terror” with increasing reports of torture, almost daily grenade attacks, arbitrary arrests and killings while the perpetrators go unpunished. Zeid Ra’ad Al Hussein told the UN Security Council that “the country remains on the brink of a sudden escalation of violence to ...

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UN envoy visits Yemen for talks with rebels

SANAA / AFP UN envoy Ismail Ould Cheikh Ahmed arrived on Saturday in Yemen’s rebel-held capital to try to restart peace talks between Iran-backed insurgents and the internationally recognised government. The Mauritanian diplomat met Ali Hajar, a foreign affairs representative of the Houthi rebels, Sanaa airport director Khaled Al Shayef said. It came a day after the UN envoy held ...

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Turkey holds 5 over Ankara bombing, hits PKK in Iraq

ANKARA / AFP A Turkish court detained five people overnight on suspicion of links to a March 13 suicide bombing in Ankara that killed 35, the Anatolia news agency reported on Saturday. The arrests came just hours before another suicide attack in a busy Istanbul shopping street which killed four and wounded 20, the city governor said. It was not ...

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