Turkish Businessman to Invest Up To $2.5 Billion in East Java, Indonesia

Image Turkish group Hitay is planning investment of up to $2.5 billion in three projects in Indonesia, at Mount Bromo, Mount Lamongan and Raung, East Java. The estimated potential for all three project is at about 1,100 MW. Indonesian news report about an investment by a Turkish group that is planning to invest up to $2.5 billion into geothermal power development at Mount Bromo in East Java.

Dr. Oz Suit Is Another Reason People Hate Lawyers

Image By Dean Obeidallah, (CNN) -- Dr. Mehmet Oz is being sued for injures sustained by a New Jersey man. Was this person under Dr. Oz' care? Was he someone Dr. Oz had spoken with about a medical issue? Did Dr. Oz, in an uncharacteristic fit of anger, punch the Jersey guy? Nope. This man is simply one of the millions of people who have watched Dr. Oz on TV over the years. So why is he suing? Because, the plaintiff claims, he was injured when he tried Dr. Oz' home sleep remedy known as the "Knapsack Heated Rice Footsie." Shake your head in disbelief all you want, but this is far from the most ludicrous lawsuit we have seen in recent years. Who can forget the Michigan woman who filed a lawsuit in 2011 against the producers of the film "Drive"? Her complaint alleged that she was misled by the movie's trailer which promised "Fast and the Furious" type driving, which, alas, the film didn't deliver.

ATAA Selects Its President for 2015-2017

Image 2015-2017 election cycle at ATAA has been successfully completed.  Lale Iskarpatyoti, Chairperson of the Nominations Committee, announced on the 2013 election results.  Ergun Kırlıkovalı, President of ATAA, thanked all candidates for partaking in democratic process and congratulated the new slate of fellow volunteers. ''I have full confidence in the leadership of the new ATAA presidents Mehmet Celebi (2013-2015) and Prof. Mehmet Toy (2015-2017) and wish the entire ATAA family much success.'' Kırlıkoavalı said.  

The Total Numbers of Turkish Restaurants Reach 150 in New York and New Jersey

Image The total numbers of Turkish restaurants, cafe, wine bars, clubs, and deli's have reached 150. According to TurkAvenue.com, New York based Turkish Business News Portal, Turkish places mostly locate in New York City, Brooklyn, Queens and North Jersey. New York City is the most popular place for Turkish food industry and Big Apple has 63 Turkish places, North Jersey area has 42 and Brooklyn has 25 places. Generally the most places have opened last five years and a small portion of them has survived over 10 years. Some restaurants, cafes and wine bars have become a chain as Gulluoglu Baklava which has 4 branches in NY and NJ, Toros Restaurants have three branches in New Jersey, Pierre Loti Wine House has three locations in New York City.  Pera, Ali Baba, and Ayza Wine Bar & Chocolate have two locations each.

 

Sierra Nevada Claims USAF Contract for A-29 Super Tucano

Image The U.S. Air Force (USAF) for a second time has selected the Embraer A-29 Super Tucano for its Light Air Support (LAS) requirement, according to Sierra Nevada Corporation (SNC), the U.S. proponent. On Wednesday, SNC said that it has an initial $427 million order to supply 20 A-29s, which will be assembled in Jacksonville, Fla.

Alamos Gold CEO: Turkey Wants To Build Mining Industry

Image (Kitco News) - The chief executive of low-cost, mid-tier gold producer Alamos Gold Inc. (AGI) says Turkey wants to become a significant mining jurisdiction, and he also looks for more mergers within the gold-mining sector. Canada-based Alamos Gold owns and operates the Mulatos Mine in Mexico and produced 200,000 ounces of gold at a cash operating cost of $355 an ounce in 2012, which company officials have described as their best year ever. Alamos also has advanced-stage exploration projects in Turkey.

Turkish Largest Private Airline Goes Public

Image Pegasus, Turkey’s largest private air carrier, is planning to open up its shares to the public, according to the company. The company applied to the Capital Markets Board (SPK) for a public offering on Feb. 22; the shares are expected to be opened either this year or next year.  The company initiated research in 2011 with the intention of setting up an initial public offering (IPO) earlier but had to postpone the plans due to waning investor interest in capital markets during the global financial crisis.

Boathouse Now Chobani's Lead Agency

Image Chobani has named Boston-based independent Boathouse its lead creative agency. The Greek yogurt brand's advertising was previously handled by Publicis Groupe's Leo Burnett, which won the business in late 2011 after a pitch. Chobani moved the account to Boathouse in early 2013 without a review, following the expiration of its contract with Leo Burnett at the end of 2012. A spokesperson for the brand confirmed it is no longer working with Leo Burnett.

Sarai Sierra Murder Suspect May Have Fled Turkey To Get To Iran According To Media Reports

Image The homeless man wanted for the murder of a New York mom vacationing in Turkey might be making a run for Iran, according to reports published in Turkish media. Police have chased the trail of used paper collector Ziya T. for 250 miles from Istanbul -- where Sarai Sierra's bludgeoned remains were found on Feb. 2 -- to Karabuk, where his family lives. Sources there allegedly told police that he revealed he was trying to get out of the country. Newly discovered surveillance footage allegedly shows the suspect trying to sell Sierra's coat in the gritty part of Istanbul where her body was found, the Daily Mail reported.

Startup Financing? One Turk Gets Angel Heavy

Image Capital and entrepreneurs are a cliché. Who doesn’t know that a startup depends on cash infusion? And who hasn’t heard the stories of woe about pulling in a seed and series A round, especially in emerging markets where there is a dearth of venture risk? In 2003, businessman Mustafa Say tweaked that narrative.
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