Sinar Mas to Build Oleo chemical Plant in Dumai

Sinar Mas Group to build a renewable oleo chemical plant in Dumai, Riau with IDR2 trillion investment or US$245 million.

Managing Director of Sinar Group, Gandi Sulistiyanto confirmed oleo chemical plant construction plan in Dumai, Riau.

The plant construction is predicted to be completed on scheduled set by company. However, he was reluctant to mention the details of investment value and production capacity.

Based on information collected by Bisnis, the company will build oleo chemical plant in 24 hectare area.

Directorate General of Agro Industry Benny Wachyudi said the company is reviewing the incentive to the government both tax holiday and tax allowance.

The company to build a plant-based palm oil with an investment reached US$245 million and will absorb 1,000 workers.

Sources: Bisnis Indonesia
Editor: DailyWeeks

$10 million worth of tickets have been sold for the fight Pacquiao vs Marquez

Hundreds of screaming Filipino boxing fans tried unsuccessfully to shout down their Mexican rivals at the weigh-in for Saturday's welterweight fight between Manny Pacquiao and Juan Manuel Marquez.

Chants of "Manny, Manny" were answered with even more boisterous calls of "Marquez, Marquez" from the dominant flag-waving Mexican supporters as a crowd of about 5,000 people squeezed into the MGM Grand Garden arena on Friday.

"I am happy to give honour to my country in boxing," the 33-year-old Pacquiao told the crowd.

Pacquiao, 54-4-2 with 38 knockouts, weighed in at the division's 147-pound (67 kilograms) limit while Marquez, 54-6-1 with 39 knockouts, came in at 143 pounds.

Pacquiao's huge following in the Philippines was on display at the arena, with many of his supporters flying in from his home country and other parts of the United States.

With the 16,000-capacity arena sold out for Saturday's fight, this is as close as many will get to the fighters in person. One eager Filipino couple, who flew in from Hawaii, started lining up in the wee hours of the morning 11.5 hours before the doors were scheduled to open.

When southpaw Pacquiao and Marquez enter the ring Saturday for their non-title bout, it will be the fourth time in eight years they have fought.

Pacquiao, who is eager to redeem himself after suffering a defeat in his most recent fight to Tim Bradley, is tired of Marquez blaming his failure to win in their three previous fights on biased judging.

Marquez claims he won all three fights -- although two were scored in favour of Pacquiao and one ended in a draw.

The boxers were joined on podium Friday by former heavyweight champion Mike Tyson, promoter Bob Arum and their trainers, Freddie Roach for Pacquiao and Ignacio Beristain for Marquez.

Organizers announced on Friday that more than $10 million worth of tickets have been sold for the fight, which is also being carried on both closed-circuit television at venues around Las Vegas and pay-per-view in private homes.

Pacquiao said earlier in the week that there won't be a fifth fight, which would put them in the class of Gene Tunney-Harry Greb, who had five bouts between 1922-1925.

Sources: Agence France-Presse, The Jakarta Globe
Editor: DailyWeeks

US Jobless Rate at 7.7%

Washington. US employment grew faster than expected in November as the hit from superstorm Sandy on payrolls was less forceful than many feared.

At the same time, the jobless rate fell to a near four-year low, but that was largely because so many Americans gave up the hunt for work.

Nonfarm employment increased by 146,000 jobs last month, the Labor Department said on Friday, defying expectations of a sharp pull back related to superstorm Sandy.

The government said the storm that slammed the densely populated East Coast had not had a substantive impact on last month’s employment and unemployment estimates.

The 0.2 percentage point drop in the unemployment rate to 7.7 percent — the lowest since December 2008 — represented a drop in both the labor force and employment as measured by a survey of households. Economists generally rely more heavily on the payrolls reading from the separate and much larger survey of employers.

While job gains for both September and October were revised to show 49,000 fewer jobs created than earlier reported, the revision was concentrated in the government sector.

Job gains have averaged 151,000 per month this year, just enough to push the jobless rate lower, but only slowly. Economists say roughly 200,000-250,000 jobs per month are needed to really make headway.

Employment continues to be held back by fears the government may fail to prevent the $600 billion in automatic tax hikes and government spending cuts set to take hold at the start of next year. The debt crisis in Europe has also weighed.

With the pace of job growth still too slow, November’s report is not expected to have much impact on Federal Reserve policymakers, who meet next Tuesday and Wednesday.

Relentless labor market weakness led the Fed in September to launch a program to buy $40 billion worth of mortgage-backed securities every month to drive down borrowing costs.

That is on top of a program dubbed “Operation Twist” in which it was re-weighting securities it holds toward longer maturities. Twist expires at the end of this month and economists expect the Fed to replace it with a program that buys government bonds with newly created money.

All of the meager jobs gains in November were in the private sector, with government employment slipping 1,000.

Within the vast private services sector, retail employment gained 52,600, professional and businesses services increased 43,000. Temporary help hiring increased 18,000.

In the goods-producing sector, manufacturing employment fell 7,000. Construction payrolls surprisingly dropped 20,000, despite a surge on homebuilding, which is benefiting from the Fed’s accommodative policy stance.

Sources: Reuters, The Jakarta Globe
Editor: DailyWeeks

Bus Driver Restore Money Bags Containing 309 thousand euro

One more story of human honesty that often can not be trusted. This time it happened in Vienna, Austria, and the person was a bus driver.

The driver's name was WolfgangR (51). On Wednesday (11/05/2012), Wolfgang recently completed work driving a bus in the capital of Austria's.

As he was checking the bus, he found a bag lying on the seat right behind the driver's seat. Wolfgang astonishment when he opened the bag containing the money 309,000 euros.

"At first I thought it contained drugs or groceries," says Wolfgang told the daily Krone.

Without thinking, Wolfgang then took the bag containing the money to the police station. According to documents in the bag, police found a bag that turned out to be the owner of a retiree who just withdrew all his life savings from the bank.

So, what about us? Can we be like Wolfgang?

Source: Kompas, AFP
Editor: DailyWeeks

U.S. Presidential Election Cost $ 2 Billion

U.S. Presidential Election 2012 cost more than two billion dollars. This is the cost for a few weeks before the election on 6 November and is the most expensive in the history of U.S. politics.

Federal Election Commission said the figures after entering all expenses during the election campaign. Each candidate spends less cost by a similar amount, more than one billion U.S. dollars.

Cost is included to support the campaign of U.S. President Barack Obama and Republican presidential candidate, Mitt Romney, who eventually defeated.

Estimated cost of the campaign was very intense because both sides attacking each other action, including through advertising, and operating costs both sides in the field are also competing very fiercely.

Source: Kompas
Editor: DailyWeeks

Grand Cherokee Diesel Introduced in Detroit

Ensuring Jeep Grand Cherokee diesel will present at the North American International Auto Show (NAIAS) in Detroit in January. Mike Manley, Jeep CEO told WardsAuto yesterday (5/12) said that these variants go on sale in the United States (U.S.) by the end of the first quarter of 2013.

Machines used V6, 3.0 liter with an additional turbo, the same as those sold in Europe. There are 2 options, PS@4.000 190 rpm and 440 rpm or 241 PS@4.000 Nm@1.600-2.800 rpm and 550 rpm Nm@1.600-2.800.

Products 2013
Manley also ensures Patriot and Compass facelift launch a slight change in the other models that are presented next year is a replacement for Liberty SUV using Fiat base. Suggested renaming, especially for models sold in the U.S..


Are you interrest?

Sources: Carscoop
Editor: DailyWeeks

Say No To Soda Drink

 Image source from personalexellence.co

Do you drink soda drink? How often you drink it? Various studies have shown the impact of a series of soda. This is why you should think twice to drink soda.

Does not contain nutrients
According to M Keri Gans, nutrition consultant and spokesperson for the American Dietetic Association, soda does not contain any nutrients except sugar and calories. In fact, diet soda also does not provide positive benefits to the body. To quench your thirst, you may prefer water because it can merehidrasi body without adding calories.

Causes of diabetes
Soda contains high fructose corn syrup, a sweetener that is associated with the occurrence of excess body weight. Ability to consume soda also increases the risk of type 2 diabetes. It happened because of the sugar content in soda and its effect on the body's hormones.

Dental Damage
As we sipped the soda, the sugar content in it will coat the teeth along with the bacteria in the mouth which then would form the acid. Both regular soda and diet soda also contains carbolic acid that will damage tooth enamel.

Weakening bones
Most sodas contain phosphorus and caffeine. Both are believed to contribute to the occurrence of osteoporosis, bone fragility alias.

Damaging the organs
Research shows that consuming soda associated with chronic kidney disease, metabolic syndrome, and fatty liver.

Source: everydayhealth
Editor: DailyWeeks