11:44 pm October 29, 2014 | No Comment
Soechi Lines, a marine transportation, shipyard industry and hotel firm, plans to raise up to Rp 2.05 trillion ($169 million) in proceeds from selling shares through an initial public offering, its chief said on Wednesday.
10:22 pm October 29, 2014 | No Comment
Bank Permata, one of the top 10 lenders by assets in Indonesia, booked a 6.1 percent year-on-year profit decline in the first nine month of this year, as its rising net interest income was unable to compensate for its falling margins, the company said in a statement on Wednesday.
10:17 pm October 29, 2014 | No Comment
The remaining subsidized fuel quota for this year is less than 8 million kiloliters, from the 46 million kiloliter set in the 2014 revised state budget, a high-level official at the Energy and Mineral Resources Ministry said on Wednesday.
9:46 pm October 29, 2014 | No Comment
XL Axiata, Indonesia’s second-largest mobile phone operator by users, posted a Rp 901.2 billion ($74.5 million) loss in the first nine-month of this year, a huge swing from the Rp 917 billion in profit in the same period last year, the company said in a filing to the Indonesian stock exchange.
8:36 pm October 29, 2014 | No Comment
Medco Energi Internasional, the largest listed oil and gas company in Indonesia, booked a 5 percent decline in its profit, as the decline in its costs cannot offset falling sales, the company said in a filing to the stock exchange on Wednesday.
6:03 pm October 29, 2014 | No Comment
Kuala Lumpur. Malaysia has followed up on two fuel subsidy cuts in the past year with a proposal for a tiered subsidy system that skeptics say will be hard to execute and looks more like an attempt to placate voters griping about living costs. In recent years, Malaysia has shielded its citizens from the full […]
4:05 pm October 29, 2014 | No Comment
Asia’s travel and tourism sector is booming but will faces a severe shortage of skilled workers in the next 10 years, a top industry executive said on Wednesday. Investments in human capital have lagged behind spending on infrastructure such as airports and hotels, said David Scowsill, president and chief executive of the London-based World […]