| July 01, 2008
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SBY to tell G8 leaders to stick to the Bali road map
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President Susilo Bambang Yudhoyono will attempt to persuade major country leaders to stick to the Bali road map when he delivers his speech during the G8 meeting in Hokkaido, Japan, next week.
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| July 01, 2008
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Indofood to sell 2.67 percent shares to strengthen capital
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The world's largest noodle producer PT Indofood Sukses Makmur will sell 2.67 percent of its buyback shares to strengthen its capital structure.
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| July 01, 2008
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Most foreign investment in Myanmar goes into oil and gas sectors
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More than 90 percent of foreign investment in Myanmar last year was funneled into the oil and gas sectors, according to a recently released government report.
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| June 28, 2008
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CSR awards launched to encourage transparency for stakeholders
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A new initiative has been launched to encourage companies to improve the transparency of information they share with stakeholders, including in annual reports and on websites.
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| June 28, 2008
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Govt gives awards to counter prize scams
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To combat prize draw scams, the Social Services Ministry held Tuesday its fourth annual Padma Award ceremony honoring companies with the best free prize draw programs.
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| June 28, 2008
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49 insurers fall short of capital requirement
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A third of Indonesia's insurance companies currently lie short of a Rp 40 billion (US$4.3 million) minimum capital requirement set to take effect in six months, a study shows.
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| June 19, 2008
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Indonesian telecoms mull price-fixing appeal
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Indonesian telecom firms were mulling appeals Thursday after the competition watchdog found them guilty of price fixing and raking in hundreds of millions of dollars from illegal text message charges.
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| June 19, 2008
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Six mobile operators guilty of price fixing
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Six mobile communications operators have been found guilty of cartel-like price fixing for text message services (SMS), causing consumers some Rp 2.8 trillion (US$302.4 million) in losses.
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| June 16, 2008
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QTel's Indosat deal legal: Kalla
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The US$1.8 billion purchase of a majority ownership in PT Indosat, the country's second largest telecommunication company, by Qatar Telecom (QTel) was lawful, Vice President Jusuf Kalla said Friday.
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| June 16, 2008
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Lippo: 'Back to the City' migration needs infrastructure support
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Lippo Group, founded by Mochtar Riady, is one of the largest property empires in Indonesia. It has grown into an important development player in Southeast Asia, and is famous locally for its construction of various satellite cities and independent community developments, including Lippo Karawaci, west of Jakarta.
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| June 16, 2008
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President kicks off seven public works projects in Bali
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President Susilo Bambang Yudhoyono officially inaugurated seven public works projects at a ceremony in Suwung, Denpasar, on Saturday.
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| June 11, 2008
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PLN`s monthly income increases by Rp260 billion
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State-owned electricity company PLN is now enjoying a monthly increase by Rp260 billion following its policy of charging consumers of over 6,600 VA with a non-subsidized tariff, PLN president director Fahmi Mochtar said.
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| June 11, 2008
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House proposes across-the-board tax cuts
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A House of Representatives committee is proposing a cut in income tax for both businesses and individuals to help stimulate the economy amid record crude oil prices and a global economic slowdown.
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| June 11, 2008
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Bank Muamalat plans expansion to central Asia
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The country's first sharia bank, PT Bank Muamalat Indonesia, is studying possible expansion abroad by establishing subsidiaries in Uzbekistan and Kazakhstan.
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| June 10, 2008
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Bayan Resources to launch IPO to raise US$400 mln
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Coal producing company PT Bayan Resources plans to launch initial public offering (IPO) in July 2008 hoping to raise US$400 million in fresh funds.
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