8:50 pm October 20, 2014 | No Comment
Batavia Prosperindo Finance, an automotive financing company, has increased the size of its rights offering in December to Rp 350 billion ($29 million) as it seeks to bolster its capital.
8:43 pm October 20, 2014 | No Comment
Brussels. The European Union has ended a long-running telecoms row with China, the EU’s trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world’s top trading powers. As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing […]
8:23 pm October 20, 2014 | No Comment
Switzerland-based bank Credit Suisse has appointed Indonesian Helman Sitohang as its new Asia Pacific chief executive to replace Eric Varvel, who will now assume his new position as the bank’s chairman for Asia Pacific and Middle East Region.
5:51 pm October 20, 2014 | No Comment
Adaro Energy, Indonesia’s second largest listed coal miner, signed last week a power purchase deal with state-owned utility firm Perusahaan Listrik Negara allowing the company to build a 200 megawatt coal-fired power plant in Tabalong, South Kalimantan.
4:55 pm October 20, 2014 | No Comment
The yield on Indonesia’s 10-year bonds fell the most in eight months and the rupiah and stocks advanced as Joko Widodo was sworn in as president.
1:54 pm October 20, 2014 | No Comment
Morgan Stanley, the most-accurate forecaster of the Indonesian rupiah in the past year, expects the currency to extend its three-month slide as incoming president Joko Widodo struggles to gain parliamentary support.
11:26 am October 20, 2014 | No Comment
State-run construction firm Waskita Karya has established a new property unit named Waskita Karya Realty and one of its first projects will be an apartment block in Medan, North Sumatra, a top official at the company says.