8:50 pm October 23, 2014 | No Comment
Jakarta. Saratoga Investama Sedaya, an investment company co-founded by businessman Sandiaga Uno, plans to sell Rp 725 billion ($60 million) medium-term notes to help refinance its debts. “All the funds will be used to repay loans to DBS Bank,” Saratoga said in a statement on Thursday, adding that DBS Vickers Securities was appointed as underwriter […]
7:44 pm October 23, 2014 | No Comment
Tokyo. US billionaire Daniel Loeb who last year tried to push Sony to spin off a key part of its business, has sold his shares in the struggling firm saying “more urgency will be necessary” to get it back on track. Loeb’s Third Point hedge fund failed to persuade Sony to hive off up to […]
7:05 pm October 23, 2014 | No Comment
Thimphu. Google provided a sneak peek into Bhutan on Thursday by unveiling a Street View project for the remote Himalayan kingdom, featuring panoramic views of its majestic mountains, monasteries and crystal-clear rivers. The “Land of the Thunder Dragon” has long been one of the most isolated countries on earth, only lifting its ban on television […]
6:07 pm October 23, 2014 | No Comment
Tokyo. Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model. The recall, which covers 425,825 Fit hybrid vehicles and other models in Japan, comes as Honda is facing […]
1:29 pm October 23, 2014 | No Comment
Financial services company Sun Life Financial Indonesia will invest $40 million to realize the company's expansion plans through 2016, a company spokesman said on Wednesday.
10:44 am October 23, 2014 | No Comment
Visi Media Asia, the media holding company of Bakrie Group, plans to raise Rp 1.2 trillion ($100 million) from a bond sale in the second quarter of next year.
10:40 am October 23, 2014 | No Comment
Profit at Bank Internasional Indonesia, a subsidiary of Malaysia’s Malayan Banking, dropped by more than a half in the January-September period from a year earlier, as the lender coped with funding and set aside more money to cover unpaid loans.
10:08 am October 23, 2014 | No Comment
Sumber Alfaria Trijaya, the operator of Alfamart convenience store chain, is considering spending between Rp 1.8 trillion and Rp 2 trillion ($149 million and $166 million) to add up to 1,200 stores and distribution centers next year.