“ … 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, February 22, 2011

South Korea’s Lotte to Build $5b Petrochemical Project in Banten

Jakarta Globe, Camelia Pasandaran | February 22, 2011

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South Korea’s Lotte Group is planning to invest up to $5 billion in a petrochemical project in Banten province, with construction expected to start next year.

“We will start the feasibility study to develop a petrochemical project in Merak, Banten province, this year. The investment is estimated to cost between $3 billion to $5 billion,” Lotte chairman Shin Dong-bin told reporters after meeting with President Susilo Bambang Yudhoyono.

Shin said the group was expecting to start the construction of the plant next year and finish within four to five years.

Gita Wiryawan, chairman of Indonesia Investment Coordinating Board (BKPM), praised Lotte’s plan, saying that “Lotte has been investing in Indonesia, in the retail sector, duty free. It’s great that they are expanding here.’’

Gita added that Lotte would also launch Lotteria, a fast-food chain, in Indonesia.

Lotte has also recently stated its interest in acquiring a stake in Matahari Putra Prima, Indonesia’s largest retailer by market value, through its retail subsidiary. The deal was turned down by Matahari because Lotte’s offer was too low.

Last week, Indonesian ministers flew to Seoul, meeting with President Lee Myung-bak to ask South Korean companies to invest in Indonesia. South Korean firms were said to be interested in investing as much as $20 billion in various infrastructure sectors in Indonesia.

Indonesia is trying to entice more foreign investors to help meet Yudhoyono’s target of an average annual growth rate of 6.6 percent over the remainder of his presidential second term, which will end in 2014.

The country is targeting total realized investment to rise to 230 trillion rupiah this year from 208.5 trillion rupiah last year, Gita said in January.

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