Sunday, May 26 2013, 04:18 AM

Business

Krakatau to up stakes in two joint ventures

Publicly listed steel maker PT Krakatau Steel will increase its share ownership in the company’s joint ventures with Korean and…

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  • Asia stocks extend losses after big sell-off

    Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.

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  • Fuel consumption set to beat estimate, again

    Indonesia will consume more subsidized gasoline this year than the quota planned by the government, thanks to a price disparity between fuel products and strong car and motorcycle sales.

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  • Samsung opts for premium products to retain market leadership

    PT Samsung Electronics Indonesia (SEIN), the local arm of the South Korean electronics giant, is focusing on sales of its premium products to maintain the company’s dominance in the country’s…

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  • Freeport to keep going underground despite incident

    New York-listed Freeport-McMoran Copper & Gold Inc., is sticking to its target to expand into an underground mine in Grasberg, Papua, despite a recent fatal incident at its training facility…

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  • BTPN starts branchless banking

    Publicly listed Bank Tabungan Pensiunan Nasional (BTPN) will begin its branchless banking project this month to tap the country’s unbanked and underbanked citizens and increase its customer base.

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  • Finance Ministry predicts low inflation in May

    The Finance Ministry’s fiscal agency head Bambang Brodjonegoro has said that after deflation in April, it is expected that inflation will recur in May because harvests will have been collected.

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  • US new home sales up 2.3 percent in April

    Sales of new U.S. homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high,…

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  • Garuda to operate 3 Bombardier aircraft in Kuala Namu

    Garuda Indonesia has prepared three Bombardier CRJ 1000 NextGen aircraft carriers with a capacity of 96 seats to serve in Kuala Namu, an international airport in Deli Serdang, North Sumatra,…

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  • Oil falls below $93 as China manufacturing weakens

    The price of oil fell below $93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the…

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  • Japan stocks dive as benchmark bond yield spikes

    Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225…

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