Sidelines
It is not death that destroys a conqueror, but obesity. That is what happened to King William when he was 59.
On that early September morning in 1087, during a battle to take the city of Paris, the king was thrown from his horse. His bulging stomach hit the pommel of his saddle and he could not keep his balance. He tumbled forward and was killed.
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Interview
LAST month, the giant Indonesian palm oil company, Eagle High Plantation, sold off 30 percent of its shares, valued at US$632 million, and the stock exchange Eagle 7 percent to 2.6 percent to Felda Global Ventures, a Malaysian state-owned company. Although one benefit will be to get experts in production technology, Eagle's transaction created quite a stir, given that the sale was seen to be underpriced and took place in the midst of a downturn in the global price of palm oil.
It was the move of 61-year-old Peter Sondakh, CEO of Rajawali Corporation, who is known for his 'derring-do' in the world of business. Since the mid-1990s, Sondakh has been the man behind the sale and purchase of big companies. For example, he sold the cigarette company Bentoel to British American Tobacco (BAT) in mid-2009, even though the company had been releasedby Sondakh himselffrom a debilitating US$700 million debt since 1992.
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Word Watch
Jennifer Lindsay
All through the day, I me mine, I me mine, I me mine', the Beatles' song goes. In English, we have four forms for the first person singular (add 'my' to the litany above) but they are all cases of the same word 'I'a ghost of Old English where all nouns, and not just pronouns, had cases. The choice of 'I' or 'me' is fairly straightforward ('I' for subject and after the verb 'to be'), although many English speakers nowadays muddle up 'I' and 'me' and one often hears things like, 'she asked my daughter and I to go', or 'between you and I', when it should be 'me'.
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Environment
With populations of rare mammals on the decline in Mount Leuser National Park (TNGL), wildlife poachers are increasingly targeting therangkong, or wild hornbill, as a source of illicit income.
Speaking to a local paper, Andi Basrul, head of management at the nearly 8,000 square kilometer park on the Aceh-North Sumatra border, said park rangers recently confiscated 12 hornbill beaks, each of which could fetch around Rp9 million, or US$690 on the black market.
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Diplomatic Bag
Minister of Foreign Affairs Retno Marsudi expressed Indonesia's desire to strengthen economic relations with Vietnam during an official visit by Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh on June 25.
"We recently celebrated the 60th anniversary of diplomatic relations and both countries have maintained a strategic partnership since 2013," Rento said. Also in 2013, a goal of expanding trade to US$5 billion between the two nations was set. Retno said the target would be reached ahead of schedule. "Therefore, we move on to the second part of our bilateral trade agreement to reach US$10 billion in trade by 2018," she said, adding that she hoped the target would also be achieved at an earlier date.
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Interlude
Aboard the steamboat, for months, the sound of kentongan (bamboo gong) reverberated in Tjalie Robinson's ears.
The sound continued to follow Tjalie, a man of mixed Dutch and Indonesian ancestry, who for three months traveled by steamboat along with an Indies contingent back to Holland in 1950 following Indonesia's independence. It was the kentongan sound that later gave him his inspiration.
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Column
Dian Ayu Yustina*
Recent shifts in the global economy has put considerable pressure on the rupiah. Issues ranging from the potential rise in the US dollar interest rate, China's weakening growth to the uncertainty of Greece's debt negotiations, have all weakened the rupiah. We have seen the currency dropping to Rp13,367 per US dollar, its weakest level since the 1997-98 Asian financial crisis.
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Weekly Business
OIL AND GAS
Pertamina Backs East Kalimantan in Mahakam Block
The government has instructed state-owned PT Pertamina to guarantee regional governments in East Kalimantan a participating interest in the Mahakam Block. Support will be required if regionally owned enterprises have financial trouble jointly operating what is the largest gas field in Indonesia. "Engineers will be replaced when the profits are distributed," said I Gusti Nyoman Wiratmaja Puja, the Energy and Mineral Resources Ministry's Director-General for oil and gas, on Thursday last week.
Pertamina Backs East Kalimantan in Mahakam Block