“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Tuesday, December 23, 2008

BNI gives $70m loan to Timah

The Jakarta Post, Tue, 12/23/2008 10:58 AM 

JAKARTA: State-run Bank Negara Indonesia (BNI), the nation's third largest lender, agreed Monday to channel US$70 million of standby loans to state mining company PT Timah to complete the building of 10 vessels currently being delayed by the state shipyard company PT PAL. 

"Currently PAL has about 10 delayed orders, each costing around $7 million to complete," Timah president director Wahid Usman said after signing the loan agreement. 

According to Wahid, Timah will benefit from helping the ailing PAL, as the company's subcontractor, because it wishes to learn more about vessel construction to improve the shipbuilding experience of its subsidiary PT Dok dan Perkapalan Airkantung (DAK). 

DAK provides dock services and vessel repairs, as well as producing small vessels for Timah. 

Under the deal with BNI, Timah is required to finish one vessel at a time before being able to withdraw the remaining loans. 

"The construction process will cost less than $70 million," said Usman. 

The shipbuilding project will also involve a deal between PAL and state-owned steel company PT Krakatau Steel, which will supply steel at a cheaper price to PAL. The Surabaya-based PAL will need around 14,000 tons of steel to finish the project. -- JP/(dis)

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