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By Cundoko ApriliantoJAKARTA, Jan. 7 () -- Relations between Indonesia and Papua New Guinea (PNG) is in jeopardy following a jet interception incident in Indonesian air territory in November last year.The issue emerged as PNG Prime Minister Peter O'Neill has threatened to expel Indonesian Ambassador Andreas Sitepu from Port Moresby, a report by radioasutralianews.net.au unveiled on Friday.He said that two Indonesian Military (TNI) aircraft almost collided with a jet carrying PNG Deputy Prime Minister Belden Namah and senior government officials who were returning from Malaysia.Namah said that the TNI aircraft were acting aggressively with an intention to intimidate."I am very angry. I demand an explanation. If I do not get an explanation within 48 hours, all diplomatic relations between Indonesia and Papua New Guinea will be strained," he said.He said that he has already spoken to the Indonesian ambassador. "And if this means we have to get the ambassador to leave this country and withdraw our ambassador from Jakarta, we will do so," he said.The Indonesian government defended the action, saying that it was in line with procedures, with no intention to put the jet in jeopardy."On Jan. 6 evening, Indonesian Foreign Minister Marty Natalegawa has summoned Papua New Guinea Ambassador for Indonesia Peter Ilau to explain the interception that was conducted due to technical problem in clearance flight," the Foreign Ministry said in a press statement.It said that the step by the TNI Air Force to intercept the PNG jet was in line with procedures existing in Indonesia and in other countries in common."The action taken by the Commando of National Air Defense ( KOHANUDNAS) was conducting electronic identification with radar and visual identification by an interception based on standard procedures," said the ministry.It said that the action was taken as there was a data difference between KOHANUDNAS' flight clearance with the airport's radar identification and KOHANUDNAS' radar identification."(However), the interception conducted by TNI Air Force's aircraft was in line with procedures and never jeopardized the jet, " it said.The statement added that Ambassador Ilau has appreciated Natalegawa's explanation and would pass on the message to his government.Teuku Faizasyah, Indonesian presidential spokesperson for foreign relations, told Beritasatu.com online news reported that Natalegawa has reported the progress to President Susilo Bambang Yudhoyono.
By Kristine LiuMANILA, May 28 () -- Bargain hunting after the past weeks ' sell-off enticed investors to enter the Philippine stock market on Monday.The bellwether Philippine Stock Exchange index gained 0.54 percent or 26.77 points to 4,952.74, while the broader all-share index rose by 0.56 percent or 18.53 points to 3,312.18.Trading volume reached 832 billion shares worth 4.07 billion pesos (92.91 million U.S. dollars) with 82 stocks advancing, 69 declining, and 46 were unchanged.All six counters closed higher, led by the holding firm sector."The Philippine equities market staged a technical rebound, aided by the lack of fresh negative catalysts," brokerage AB Capital Securities, Inc. said.Gains remained modest as investors know that the troubles in Europe are far from over, the brokerage said.For the rest of the week, analysts expect investors to be cautious in buying stocks unless political situation in Greece stabilizes."As earlier stressed, directions would only clear after Greece holds its election mid-June, providing more time for bargain fishers to wait," 2TradeAsia.com said.AB Capital Securities Inc. said it expects the market to move " sideways" this week as investors will wait for the smoke to clear in Europe."Moreover, there is very little news to drive the market after the release of the first quarter corporate earnings results," AB Capital Securities said.The brokerage said while numerous stocks have reached "oversold levels" during the recent sell off, there are still very few issues that have reached bargain levels.Stocks in the 30-company index were mostly up. Ayala Corp., SM Investments Corp. and the Bank of the Philippines were among those that posted gains.
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