Indonesia recovers lion air jets cockpit voice recorder

Illustrative image (Source: AFP/ VNA) Hanoi (VNA) - Indonesia's Lion Air is set to launch an initial public offering (IPO) in a listing that could reportedly raise up to 1 billion USD. The fundraising by Southeast Asia's largest airline comes after it suffered a recent customer data leak and nearly one year after a high-profile crash that killed 189 people. The funds will be used to strengthen the company's financial structure, Lion Air’s spokesman Danang Prihantoro said. He, however, declined to comment on a timeline for the listing or how much the firm planned to raise. Citing an unnamed source, Bloomberg News reported that Lion Air - which has postponed a public listing several times in the past - could raise as much as 1 billion USD in the upcoming listing. That would make it Indonesia's third-biggest IPO on record, according to Bloomberg data. Last month, Lion Air said it suffered a data leak that reportedly affected millions of customers. … [Read more...] about Indonesia’s Lion Air set to list shares

Forest fires in Indonesia typically occur as a result of slash and burn practices to clear land for oil palm and pulpwood plantations. (Photo: OI) Jakarta (VNA) – Indonesian people risk having their life expectancy shaved off by four years on average due to exposure to dangerous particulate matter caused by the haze from forest fires, according to the Energy Policy Institute at the University of Chicago. Almost every year, toxic haze caused by wildfires engulfs vast parts of Sumatra and Kalimantan, filling the lungs of millions of people living in these areas, the Jakarta Post reported. The fires typically occur as a result of slash and burn practices to clear land for oil palm or pulpwood plantations. As of September 20, there were 5,086 fire hotspots recorded in Indonesia and 328,724 hectares of land burned, according the National Disaster Mitigation Agency (BNPB). In Central Kalimantan’s capital city of Palangkaraya, home to over 280,000 people, the air quality … [Read more...] about Indonesians’ life expectancy likely to fall due to haze from wildfires

Vietnam’s high-ranking military delegation visits EU Vietnamese Minister of National Defence General Ngo Xuan Lich Vietnamese Minister of National Defence General Ngo Xuan Lich is leading a high-ranking military delegation to visit the European Union (EU) from October 14-19. The visit is made at the invitation of Vice President of the European Commission and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini. The two sides will ink a Framework Participation Agreement (FPA) to establish Vietnam’s engagement in the EU’s crisis management activities. The Vietnamese delegation’s visit and the signing of the FPA aim to boost defence relations with the EU, which is in line with the spirit of the EU-Vietnam Partnership and Cooperation Agreement. The move also shows Vietnam’s responsibility in promoting joint efforts to bring peace to the region and the world./. Vietnam attends int’l law development … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 16

Mekong Delta, HCMC warned of tidal flooding in lowland, riverside areas The Southern Regional Hydrometeorological Center has warned the Mekong Delta and Ho Chi Minh City of flooding in lowland and riverside areas as a high tide is forecast to occur and reach its peak in the next couple of days. According to the center, water level in the Saigon and Dong Nai rivers on October 12 highly increased. It is predicted to continue surging in the next few days. The peak of the high tide might occur on October 15-16, the 17th and 18th day of the ninth lunar month. The National Hydro Meteorological Forecasting Center also issued the same warning, saying that the water level in the Mekong and Saigon Rivers will reach alarming levels 2-3 under influence of the high tide. Low lying and riverside areas in HCMC and the Mekong Delta might be flooded. In the meantime, the meteorological station in Can Tho city said that tide level in canals in the city will continue moving up to reach 1.95-2 meters and … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 15