Teerapong Yodwanlop

Pan Asia Paper to increase prices for Asian markets

Pan Asia Paper Co Pte Ltd, the Singaporean subsidiary of Norwegian provider of newsprint and magazine paper Norske Skog, is increasing its prices by 5-7 percent from January next year to relieve the pressure of the margins caused by increased costs.      “With the encouraging outlook from analysts for 2005 and the continued strong indicators for…

Indonesia to halve its loan request to donors

Indonesia will this year ask for less than half of last year’s 2.8 billion dollars loan commitments from the Consultative Group on Indonesia (CGI), its main western creditor group whose member states include Denmark, Finland, Norway, and Sweden.      Economics Minister Aburizal Bakrie said the government will only seek about 1.2 billion dollars from the CGI…

SEB Private Bank upgrades Asian presence

SEB Private Bank, the international private banking arm of leading Nordic Banking Group SEB, plans to open a fully-fledged private bank in Singapore early 2005.      “This is a natural step in SEB Private Bank’s strive to continuously improve our product offering and service level for both regional Asia-Pacific and global clients. The new Asian private…

Singapore, Sweden conclude countermine exercise

The Republic of Singapore Navy (RSN) and the Royal Swedish Navy (RSwN) concluded on December 10 their ninth annual Mine Countermeasures (MCM) Exchange Programme, codenamed Lejon Singa, in the island state.      The Defense Ministry of Singapore said in a statement that the exchange programme included a Command Post Exercise and presentations by the two navies…

VMETRO establishes office in Singapore

Norway’s VMETRO on December 8 announced the opening of its office in Singapore. This new expansion will allow the company to better serve its existing clients in the Asia Pacific region, and will promote VMETRO’s system level development services to companies throughout Asia and the Pacific Rim.      VMETRO is a provider of products for high-speed…

President of Prosafe S’pore moving to Norway mid 2005

Bjørn Henriksen, president in Prosafe Production in Singapore, will be taking a new the position of executive vice president & chief financial officer in Prosafe ASA as from June 2005.      Before joining Prosafe’s operation in Singapore, Bjørn Henriksen was CFO in Prosafe ASA and president in Prosafe Offshore.      Moving back to Prosafe in Norway, Bjørn…

Smedvig awarded tender rig contract in Thailand

Smedvig announced late November it has been awarded a letter of intent by the state oil company in Thailand, PTT Exploration and Production Company, for the self-erecting tender rig T-3. The production drilling assignment has a firm duration of approximately 17 months, with options for an additional six months.      Commencement of operations is scheduled for…

Petra Perdana to buy vessel from P/R International Offshore Services

Petra Perdana Bhd said in November its subsidiary Intra-Oil Services Bhd had entered into a memorandum of agreement to buy a US$6.25 million (RM23.75 million) vessel from Norway’s P/R International Offshore Services ANS.      Petra said the purchase was in line with the group’s core business strategy of expanding engineering, operations, maintenance and marine support services…