Wednesday, May 22 2013, 01:32 AM

Business

Sritex seeks 41% rise in net profits on ‘good looking’ China

Southeast Asia’s largest textile company, PT Sri Rejeki Isman (Sritex), is aiming to increase its net profits by 41 percent…

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  • Local miners aim for shared-smelters

    Local mining firms are aiming to develop smelters that they can use to process raw mineral ores following a 2012 energy and mineral resources Ministerial Regulation on mineral processing.

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  • Analysis: Floods fail to dampen confidence

    The KADIN-Roy Morgan Consumer Confidence index rose sharply to 155.6 in April, up 3.7 points from the previous month. The index now stands a massive 16 points higher compared to…

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  • Correction

    The ninth paragraph of the article “GE aims to concentrate on Batam” in our Saturday edition mistakenly states that Schlumberger Ltd. and Siemens Energy Sector are part of the US-multinational…

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  • Pertamina pushes subsidiaries to go public

    In a bid to speed up the growth of its subsidiaries, state energy firm PT Pertamina said it would push its secondary companies to float shares on the local stock…

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  • Wismilak to benefit from holidays

    Cigarette producer PT Wismilak Inti Makmur (WIIM) is expecting to book Rp 1.6 trillion (US$163.2 million) in net sales this year, with festive holidays in the second half of the…

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  • Asia stocks muted ahead of Fed meeting

    Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.

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  • RI's business mission to visit three countries

    An Indonesian trade mission will travel for one week to three countries starting from Wednesday to boost market diversification, and to push and solve trade barriers between Indonesia and its…

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  • Yahoo takes big leap with $1.1B deal for Tumblr

    Yahoo's CEO is making a $1.1 billion bet on the online blogging forum Tumblr as Marissa Mayer tries to make a former Internet icon cool again.

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  • RI expects growth at 6.4 to 6.9 percent in 2014

    National Development Planning Minister Armida Alisjahbana said on Monday that Indonesia’s economic growth in 2014 was set at between 6.4 and 6.9 percent.

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  • Citing experience, SBY names Chatib finance minister

    President Susilo Bambang Yudhoyono is praising Chatib Basri, his new finance minister, as an economist with extensive experience.

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