West Sumatra administration and state port operator PT Pelabuhan Indonesia (Pelindo II) inked a deal on Wednesday to boost the facilities of Teluk Bayur port in West Sumatra.
Pelindo II managing director R.J. Lino and West Sumatra Governor Irwan Prayitno signed the memorandum of understanding on the new partnership in Jakarta on Wednesday, as witnessed by State Enterprises Minister Mustafa Abubakar.
“This is one of the forms of synergy partnerships between state enterprises and local administrations, where resources of each institution are made use of,” Mustafa said, as quoted by tribunnews.com.
He added that such partnerships were expected to improve the competitiveness of state enterprises.
The new partnership includes land acquisition around the port as part of its development, the procurement of supporting facilities, and the improvement of traffic management at the port, which is the biggest and busiest sea port on the western coast of Sumatra.
Wednesday, March 30, 2011
Pelindo, W. Sumatra join hands to boost port performance
Monday, January 24, 2011
US hands over stolen Degas painting to France
The United States has returned to French authorities an Edgar Degas painting that was stolen 37 years ago.
On Friday, the painting was handed over to the acting French ambassador to the United States, Francois Rivasseau.
It was rediscovered recently before it was due to be auctioned in New York City. Court papers said the seller did not know it was stolen.
Authorities said Degas painted "Laundry Woman with Toothache," in the early 1870s. A collector donated it to the French government and it was registered with the Louvre Museum.
In 1961, the Louvre lent the painting to the Malraux Museum in Le Havre, Normandy. In late 1973, a still-unknown thief pulled it off the museum wall and slipped away.
Sotheby's had given the small oil portrait of a young woman holding her jaw an estimated value of $350,000 to $450,000.
Earlier this year, Sotheby's featured the painting in the catalog for a sale of impressionist art. A Malraux employee spotted the listing and notified Sotheby's, which immediately pulled it from the auction.
Stenciled on the back of the canvas but hidden by the frame was "RF 1953-8" - shorthand for it being the eighth work of art acquired by the French Republic in 1953.
Sotheby's officials said that before the auction, Sotheby's had checked to see if the piece was listed on the London-based Art Loss Register - which tracks stolen, looted or missing art - and similar databases. But they said they did not find it listed.