Krakatau Steel management must be summoned: House

Speaker

Hans David Tampubolon, The Jakarta Post, Jakarta | Wed, 11/03/2010

4:45 PM | National
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House of Representatives Speaker Marzuki Alie says that the management

of state-owned steel manufacturer Krakatau Steel needs to be summoned to
explain the reason behind the company’s controversial initial public offering (IPO)
price.

The price for the Krakatau Steel IPO has been set at Rp 850 (less than 10
U.S. cents) per share.

The price has been deemed as too cheap by economists and analysts
because the valuation of the Krakatau Steel shares could amount up to Rp 1,150
per share.

“The pricing of the IPO lies within the valuation from the underwriters,”
Marzuki told reporters at the House in Jakarta on Wednesday.

“However, the management of the Krakatau Steel must also be able to

convince the underwriters to set a higher price. Therefore, I believe the House
needs to summon both the Krakatau Steel management and the State-owned
Company Ministry,” he added.

1
 Previously, legislator Chandra Tirta Wijaya from the National Mandate
Party (PAN) said that due to the cheap IPO price, the state could lose a profit of
between Rp 450 billion to Rp 750 billion.

1. Past perfect tenses

 The price has been deemed as too cheap by economists and

analysts because the valuation of the Krakatau Steel shares could
amount up to Rp 1,150 per share.
 The price for the Krakatau Steel IPO has been set at Rp 850 (less
than 10 U.S. cents)

2. Simple past tenses

 Therefore, I believe the House needs to summon both the Krakatau

Steel management and the State-owned Company Ministry,” he
added
 Previously, legislator Chandra Tirta Wijaya from the National
Mandate Party (PAN) said that due to the cheap IPO price, the state
could lose a profit of between Rp 450 billion to Rp 750 billion.

2
 Huge Merapi blast spurs more to flee
The Associated Press, Mount Merapi | Thu, 11/04/2010 1:53 PM |
Headlines
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Villagers ride on a truck as they leave their homes on a street covered by

volcanic ash from the eruption of Mount Merapi in Muntilan, Central Java,
Thursday. AP/Trisnadi

Indonesia's deadly volcano sent a burst of searing gas high into the air
Thursday, hours after its most explosive eruption in a deadly week triggered an
exodus from villages and emergency shelters along its rumbling slopes.

After days of continual explosions, and warnings that pressure inside Mount
Merapi may still be building, the province warned it was running out of money to
help more than 70,000 people forced from their homes.

Soldiers loaded women and crying children into trucks while rocks and debris
rained from the sky late Wednesday afternoon. Several abandoned mountainside
homes were set ablaze and the carcasses of incinerated cattle littered the
scorched flanks.

No new casualties were reported after the new fiery blasts.

"This is an extraordinary eruption," said Surono, a state volcanologist who had

earlier said energy building up behind a magma dome in the crater appeared to
be easing.

He said Wedneday's powerful blast, which dusted cars, trees and roads in towns
up to 240 kilometers away in gray ash, had triple the force of the first eruption on
Oct. 26.

The follow-up before dawn Thursday was strong as well, sending rocks
cascading down the western slopes.

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"We have no idea what's happening," Surono said, as he shook his head,
watching the bobbing needle of a seismograph machine. "It looks like we may be
entering an even worse stage now."

Mount Merapi, which means "Fire Mountain," has erupted many times in the last
century, often with deadly results.

Forty people have died sine it burst back to life just over a week ago, said Heru
Nugroho, a spokesman at the main hospital dealing with the dead and injured. In
1994, 60 people were killed, while in 1930, more than a dozen villages were
torched, leaving up to 1,300 dead.

Still, as with other volcanoes in this seismically charged ountry, tens of

thousands call its fertile slopes home. Most now are packed in crowded
government camps well away from the base.

Djarot Nugroho, the head of Central Java's disaster management agency, said
money to buy instant noodles, clean water, medicine and other supplies would
run out within five days less the central government declares a national disaster,
bringing in much-needed funds.

There have been more than a dozen strong eruptions at Merapi in the last week -
including another one earlier Wednesday - and thousands of volcanic tremors
and ash bursts.

The danger zone was widened from 10 kilometers to 15 kilometers from the peak
because of the heightened threat.

Soldiers and police blocked all roads leading up the 3,000-meter mountain,
chasing away curious onlookers and television crews and reporters.

Wednesday's eruption, which occurred during a downpour, raised Merapi to

"crisis" status, said Andi Arief, a staffer in the presidential office dealing with the
disaster.

Indonesia, a vast archipelago of 235 million people, is prone to earthquakes and

volcanos because it sits along the Pacific "Ring of Fire," a horseshoe-shaped
string of faults that lines the Pacific.

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3. Past tenses

 Soldiers loaded women and crying children into trucks while rocks and
debris rained from the sky late Wednesday afternoon. Several
abandoned mountainside homes were set ablaze and the carcasses of
incinerated cattle littered the scorched flanks.
 No new casualties were reported after the new fiery blasts.
 Forty people have died sine it burst back to life just over a week ago,
said Heru Nugroho, a spokesman at the main hospital dealing with the
dead and injured. In 1994, 60 people were killed, while in 1930, more
than a dozen villages were torched, leaving up to 1,300 dead.

4. Present perfect tense

 "This is an extraordinary eruption," said Surono, a state volcanologist who

had earlier said energy building up behind a magma dome in the crater
appeared to be easing.

5. Present continuous

 The follow-up before dawn Thursday was strong as well, sending rocks
cascading down the western slopes.
 "We have no idea what's happening," Surono said, as he shook his head,
watching the bobbing needle of a seismograph machine. "It looks like we
may be entering an even worse stage now."
5
 6. Present perfect continuous

There have been more than a dozen strong eruptions at Merapi in the last week -
including another one earlier Wednesday - and thousands of volcanic
tremors and ash bursts.

SBY warns Australia ahead of meeting

Erwida Maulia and Abdul Khalik, The Jakarta Post, Jakarta | Tue, 11/02/2010
9:18 AM | Headlines
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Welcome to Jakarta: Australian Prime Minister Julia Gillard (center) walks

with her partner, Tim Mathieson (right), upon arrival at Halim Perdanakusumah
airport in Jakarta on Monday. AP/Tatan Syuflana Just a day before talks with
Australian Prime Minister Julia Gillard, President Susilo Bambang Yudhoyono
told Australia to stay away from the Papuan torture issue, vowing to bring to
justice those involved in the torture.

“There’s no need to pressure Indonesia. We have conducted an

investigation and are ready for a trial or anything that is required to uphold justice
and discipline,” he told a press conference on Monday.

Gillard arrived in Jakarta on Monday morning, and will have lunch with the
President on Tuesday before heading to Yogyakarta to visit victims of the Mount
Merapi eruption.

Indonesia, which just received the ASEAN chairmanship from Vietnam last
week, has long been proud of its democracy and human rights record. Under
Yudhoyono, the country wants to set an example in upholding human rights and
democratic principles.

The video posted online last month by the Hong Kong-based Asian Human
Rights Commission that showed Indonesian Military (TNI) members allegedly
torturing Papuans has tainted Indonesia’s image, with local and international
human rights organizations immediately expressing condemnation.

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 New York-based Human Rights Watch urged Gillard to “press for the
accountability of abusive Indonesian security forces” through a letter it sent to
Australia’s House of Representatives last week.

“The trial will happen soon, and it will be a just trial. If there is a mistake
then we will punish the perpetrators. There will be no impunity,” Yudhoyono said.

The President, however, said the presence of the TNI in Papua was
inevitable, “although the world doesn’t believe it, there are in fact separatist
movements in Papua.”

The issue of the torture of Papuans suspected to be part of separatist

movements, however, has overshadowed other Australian interests, such as the
handling of human smuggling and the fate of its citizens on Indonesia’s death
row.

Prior to Gillard’s attendance at the ASEAN Summit in Hanoi, she said she
would suggest that leaders set up regional refugee centers.

“Certainly I will raise the issue of human smuggling and the movement of
people,” Gillard told ABC Television. “The dialogue has been continuing.”

Gillard’s trip follows a tour by Immigration Minister Chris Bowen, who went
to Indonesia, Malaysia and Timor Leste, which Australia has nominated as a
potential home for the regional center.

Timor Leste has agreed to discuss the proposal, but remains cautious of
the plan that would see asylum seekers held in the country while their refugee
claims are assessed.

On a possible plea to let Australian citizens, including Schapelle Corby and

the Bali Nine, off the hook, Gillard has said she would make it private with
Yudhoyono.

Gillard told ABC News that it would be inappropriate to discuss if she would
lobby Yudhoyono on behalf of the Australians.

“Clearly, Australia does not support the death penalty — that is our position as a
nation,” she said.

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 “But when it comes to advocacy on behalf of individuals, it’s certainly in the
best interests of those individuals to be doing those discussions privately, rather
than publicly, and I intend to.”

7. Future perfect tenses

 Gillard arrived in Jakarta on Monday morning, and will have lunch with the
President on Tuesday before heading to Yogyakarta to visit victims of the
Mount Merapi eruption.
8. Simple future tenses

 “The trial will happen soon, and it will be a just trial. If there is a mistake
then we will punish the perpetrators. There will be no impunity,” Yudhoyono
said.

 “Certainly I will raise the issue of human smuggling and the movement of
people,” Gillard told ABC Television. “The dialogue has been continuing.”


9. Simple past tenses

 Prior to Gillard’s attendance at the ASEAN Summit in Hanoi, she said she
would suggest that leaders set up regional refugee centers.

10.Simple present tenses

 “But when it comes to advocacy on behalf of individuals, it’s certainly in the

best interests of those individuals to be doing those discussions privately,
rather than publicly, and I intend to.”