News briefs:June 8, 2010
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Progress in modern medicine is an exciting thing. New advancements and discoveries in science and technology have been enabling us to develop new treatments, as well as improving current medical equipment and procedures. One aspect of medicine that has taken huge leaps forward in the last century or so is surgery. Today, surgery can be done safely and painlessly on any part of the body, even delicate areas such as the eyes and the brain. Eye surgery, especially, requires great sensitivity and precision. With the help of lasers, eye surgery now has an even higher rate of success than ever before.
How Has Eye Surgery Been Improved?
Just a few decades ago, using lasers in medicine was just a concept. Now, lasers have been proven to be the perfect solution for surgeries in which exceptional precision, accuracy, and steadiness are demanded. Lasers are especially useful for eye surgeries. Since they are so meticulous and exact, they can perform surgical procedures even at microscopic scales. During a laser eye surgery, a tiny beam of light and a high-tech imaging system are used to accomplish exactly what needs to be done to fix the eye. Laser eye surgery is a much gentler process than traditional eye surgery, and it also results in an easier recovery process.
When Is Laser Eye Surgery Used?
One of the best-known uses of laser eye surgery is in the Lasik procedure. This surgery removes a tiny, almost microscopic layer of cells, reshaping the cornea to allow light to reflect more accurately off of the retina. Lasik surgery has helped a lot of people to be able to see clearly, without the aid of glasses or contact lenses. However, laser surgery is used to correct several other eye disorders, including cataracts and glaucoma.
Indonesian parliament approves privatising of three major state firmsSaturday, September 20, 2008
The parliament of Indonesia has approved government plans to make an Initial Public Offering (IPO) of shares in three major state-owned firms, privatising them. They are steelmaker Krakatau Steel, Bank Tabungan Negara (BTN) and national flag carrier Garuda Indonesia.
The parliament has left the process fully in the hands of the government, and has set the maximum stake to be sold at 30% for BTN and Krakatau, and 40% for Garuda. Although Indonesia has been known to fund budget deficits with privatisation, the intention is for the funds from this scheme to go to the businesses themselves to allow expansion.
Krakatau expects 3.2 trillion Rupiah (IDR) from the sale, while the estimated price for their stock is between IDR3 and IDR4 trillion (321 – 428 million USD). Both ArcelorMittal SA, the biggest steelmaker in the world, and BlueScope Steel Ltd, the largest in Australia, have expressed an interest in the IPO. Krakatau will use the funds to help finance an expansion scheme which aims to have production doubled to five million tonnes in 2011.
BTN, which focuses on home owner loans, has set itself a target income of IDR36.12 trillion (3.86 billion USD) in 2010 compared to a projected IDR22.9 trillion ( 2.45 billion USD) this year. Net profit for this year is projected at IDR472 billion (50.5 million USD)and is hoped to rise to IDR1.39 trillion (148.7 million USD) in 2010. The bank’s loan to deposit ratio is predicted to rise from 105.05% this year to 144.93% in 2012. BTN hopes to conduct its IPO before the end of 2008.
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Garuda is not quite 100% state-owned to start with, unlike the other two, but is very close with 95.44% of the company belonging to the government. Like all of Indonesia’s 51 airlines, Garuda is on the list of air carriers banned in the EU due to safety concerns raised after a string of air accidents in the nation. Garuda expects to raise IDR4.2 trillion (449.4 million USD) in funds from the IPO, and will use IDR2.5 trillion (267.5 million USD) to pay off its debts and invest IDR1.7 trillion (181.9 million USD) in new aircraft.
The government is still working to get a deal to make IPOs for architectural firm Yodya Karya and three plantation firms called Perkebunan Nusantara III, IV and VII.
Cargo ship Arctic Sea may be foundSaturday, August 15, 2009
A cargo ship spotted off the African island nation of Cape Verde could be the missing MV Arctic Sea.
The Maltese flagged MV Arctic Sea disappeared off the French coast sometime after July 29. Owned by the Russian Arctic Sea company she was operated by the Finnish Solchart Management company and had a Russian crew.
French intelligence sources have found a ship matching the Arctic Sea’s description about 400 Nautical miles north of São Vicente.
The Arctic Sea was on a scheduled route from the Finnish seaport of Pietarsaari to the Algerian seaport of Béjaïa with a cargo of timber when it was boarded in Swedish waters between the islands Öland and Gotland on the night of July 24. The alleged boarders left the ship the same day according to its crew and the ship continued her voyage although it would have been expected to anchor at the nearest port.
The last official contact with the ship was with the Maritime and Coastguard Agency in Britain on July 28. Viktor Matveyev, the director of Solchart Management says the ship radioed that it was off the coast of Portugal on July 31. The 98-meter-long ship has so far not reached the Straits of Gibraltar and is now being sought by the Portuguese Navy and Russian Navy.
If proven this could be the first case of piracy in Europe in the modern era. There is speculation as to the reason for the ship’s hijacking, as its cargo of wood, valued at 1.3 million euros, is not especially valuable. Suggestions include possible contraband, and the possibility of a commercial dispute between the crew or some other party and the ship’s owners.