9:30 pm September 22, 2014 | No Comment
The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals were set on Monday to announce pledges to divest a total of $50 billion from fossil fuel investments.
8:57 pm September 22, 2014 | No Comment
Indonesian stocks fell for the first time in four days on Monday amid thin trading, but foreign investors continued with their buying mode.
8:41 pm September 22, 2014 | No Comment
Prudential, one of the world’s leading financial services group based in London, sets an ambitious goal to increase its customers base by more than ten times in Indonesia to get about a tenth of the population.
8:02 pm September 22, 2014 | No Comment
Apple said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries on Friday.
7:57 pm September 22, 2014 | No Comment
Jakarta. Keppel Land, a Singapore property developer, plans to raise Rp 400 billion ($33.5 million) from selling its stake in BG Junction, a shopping center in Surabaya. Keppel Land is selling its 3.25 million shares, or 80 percent of Sentral Supel Perkasa, the mall’s manager, to the other shareholders, Silverise Enterprise and its Indonesian affiliate […]
7:51 pm September 22, 2014 | No Comment
The Indonesian government must push for regulations that would encourage corporations in the country to trim their overseas borrowing, as the US dollar strengthens amid possibly higher interest rates, a Harvard economist says.
7:02 pm September 22, 2014 | No Comment
Despite having forced the government to increase oil output target in the draft state budget, lawmakers had rejected a request to increase the amount of cost recovery paid to oil producers as a compensation to expedite upstream project.
5:32 pm September 22, 2014 | No Comment
Jakarta. Indonesia’s crude palm oil exports fell 7 percent in August on weak demand and new regulations in China, one of the main buyers of the commodity, according to the local industry association, or Gapki. Indonesia exported 1.72 million metric tons of the commodity last month, down from 1.84 metric million tons in the previous […]
4:49 pm September 22, 2014 | No Comment
Newmont Nusa Tenggara, the local arm of US Newmont Mining, secured an export permit from the Trade Ministry on Monday that will allow it to make its first export of copper concentrates in eight months.