10:09 pm April 17, 2015 | No Comment
Jakarta-based investment firm Saratoga Investama Sedaya is taking over a 51 percent stake in listed taxi operator Express Transindo Utama from local conglomerate Rajawali Corpora in a deal valued at around Rp 1.26 trillion ($98.2 million).
1:58 pm April 17, 2015 | No Comment
Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia Group, posted a thin 1 percent increase in net income last year to Rp 207.85 billion ($16 million), on the back of positive growth in its lending “amid a challenging year”, it said a statement on Thursday.
10:43 am April 17, 2015 | No Comment
Biznet Networks, an Indonesian telecommunications and multimedia company, is spending $70 million to build Biznet WiFi, a service that provides fast Internet access at up to 100 Mbps, specifically for smartphone and tablet users.
10:38 am April 17, 2015 | No Comment
Softbank, the Japanese wireless carrier controlled by billionaire Masayoshi Son, has acquired a 19.9 percent stake in Trikomsel Oke, Indonesia’s leading mobile-phone distributor, as part of Trikomsel’s efforts to expand in Southeast Asia.
9:54 am April 17, 2015 | No Comment
Goldman Sachs Group and Blackstone Group were the toast of Wall Street in 2007 as they raised record-setting funds and earned returns of more than 30 percent. Eight years later, they captured some of that dominance again in the first quarter.
9:42 am April 17, 2015 | No Comment
The bosses of 43 companies including Ikea, Dow Chemical and HSBC Holdings called for swift action on climate change, a sign businesses are prepared for a United Nations deal this year on limiting fossil fuel emissions.
9:31 am April 17, 2015 | No Comment
Derek Kaufman, global head of fixed income at Citadel, is leaving the hedge fund firm after losing $1 billion last year in a variety of trades, according to a person familiar with the matter.
9:25 am April 17, 2015 | 1 Comment
Surfwear label Billabong’s journey from a backyard on Australia’s Gold Coast to a $3.2 billion public company culminated in its shares losing 99 percent of their value. Money manager Sebastian Evans is betting on a comeback.
9:20 am April 17, 2015 | No Comment
Want to be an analyst at Blackstone Group? Good luck. The firm had more than 15,000 applications for 100 analyst positions, co-founder Steve Schwarzman said on Thursday on a conference call with analysts and investors. That’s an acceptance rate of less than 0.7 percent.
8:41 am April 17, 2015 | No Comment
Oil-services giant Schlumberger said Thursday it would cut 11,000 more jobs as its first-quarter earnings tumbled after low crude prices forced it to cut drilling.
8:54 pm April 16, 2015 | No Comment
Bidders for Asia Resource Minerals aim to submit a formal takeover offer this week, said the deal’s adviser founded by veteran commodities banker Ian Hannam.
4:33 pm April 16, 2015 | No Comment
A European Union probe into Android mobile software poses a threat to Google’s position in the $35 billion applications market and may give the likes of Samsung Electronics more leeway in the programs they use on devices.
4:14 pm April 16, 2015 | No Comment
Nokia Oyj shares gained on news it struck a $16.6 billion deal to buy French rival Alcatel-Lucent. But through the eyes of a credit analyst, the picture is far from rosy.