10:09 pm March 3, 2015 | No Comment
Indonesia’s Energy and Mineral Resources Ministry says it will not extend the six-month memorandum of understanding on contract amendments with Newmont Nusa Tenggara, the local unit of US mining giant Newmont Mining.
9:33 pm March 3, 2015 | No Comment
International Finance Corporation, the World Bank’s financing arm, and Sumitomo Mitsui Banking Corporation, a Japanese bank, plan to double their investment in Bank Tabungan Pensiunan Nasional, a listed mid-sized Indonesian lender, to support the latter’s loans to small- and medium-sized enterprises.
9:29 pm March 3, 2015 | No Comment
Indonesian firm Cakra Mineral has offered at least A$70 million ($54 million) to take over Australian miner Cokal, which is developing a coal project in Central Kalimantan.
9:23 pm March 3, 2015 | No Comment
While some companies have their heads firmly stuck in the sand trying to hide from the advent of the Asean Economic Community at the end of this year, others are taking the challenge head-on.
9:14 pm March 3, 2015 | No Comment
Five hedge funds are testing Indonesia’s legal protections for foreign investors after a local court barred them from Bakrie Telecom’s debt restructuring talks.
9:04 pm March 3, 2015 | No Comment
SCG Indonesia, the local unit of Thailand’s biggest cement manufacturer, Siam Cement, is set to launch operations on its first cement plant in Indonesia during the third quarter of the year amid an anticipated construction boom.
8:08 pm March 3, 2015 | No Comment
Australia’s central bank held its cash rate steady on Tuesday to confound calls for a cut and sending the local dollar sharply higher, though it did leave the door wide open for an easing at future policy meetings.
7:55 pm March 3, 2015 | No Comment
Indonesia’s Investment Coordinating Board (BKPM) will this year open a representative office in China, to make it easier for mainland investors to find their way to the Indonesian market.
7:49 pm March 3, 2015 | No Comment
Embattled Japanese electronics maker Sharp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, in what would be its second bailout in three years despite extensive restructuring.
7:25 pm March 3, 2015 | No Comment
Lenovo plans to challenge Xiaomi in the world’s largest smartphone market by focusing more on online sales after demand from Web shoppers brought a successful return of its Motorola brand to China.
7:16 pm March 3, 2015 | No Comment
Taiwan’s investment regulator has asked Alibaba to exit by the end of August because its local entity is registered as Singaporean instead of mainland Chinese.
7:07 pm March 3, 2015 | No Comment
Toyota Motor expects to grow sales in western and central Europe by up to 2.5 percent this year but remains cautious on the part of the region which includes crisis-hit Russia, the head of its European operations said on Monday.
6:39 pm March 3, 2015 | No Comment
What happens when a wireless operator with millions of customers loses the airwaves it needs to provide service? We may soon find out thanks to an unusual government auction taking place in India.
4:09 pm March 3, 2015 | No Comment
The era of ultra-easy money is drawing to an end for Singapore mortgage holders, with domestic interest rates rising at their fastest pace in a decade in a country that already ranks among the world’s most expensive places to live.
3:59 pm March 3, 2015 | 1 Comment
Singapore maintained its global ranking as the most expensive city for a second straight year on higher prices of items from wine to cars, according to the Economist Intelligence Unit.
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