Thursday, May 23 2013, 14:24 PM

Business

Danamon shares tumble on uncertain acquisition

Investors seemed to be showing their pessimism over Singapore-based DBS Group Holdings Ltd.’s plan to acquire Jakarta-listed PT Bank Danamon,…

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  • Bintuni to sell ships to pay bond interest

    JAKARTA (JP): The annual shareholders' meeting of fishery concern PT Bintuni Minaraya agreed on Friday to sell part of the company's shipping fleet to meet bond interest payments.

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  • Indonesia pulls out of coffee retention program

    JAKARTA (JP): Indonesia has pulled out of the coffee retention program designed to shore up world coffee prices after learning that two other major producers, Vietnam and India, would not…

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  • Govt offers help for IT kiosks

    JAKARTA (JP): The office of the State Minister for Research and Technology has prepared a catalog of practical technology in the form of CD-roms to begiven to those interested in…

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  • IT development outside Java

    JAKARTA (JP): The Minister of Industry and Trade Luhut B. Panjaitan said onFriday that his office will form an agency to prepare the development of information technology (IT) in areas…

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  • Retail consumer goods sales continue to grow

    JAKARTA (JP): Indonesia's consumer-led recovery continues its upward trend with retail sales of fast moving consumer goods almost returning to their pre-crisis levels, according to the findings of a s

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  • Government told to reduce scope of bank blanket guarantee

    JAKARTA (JP): The government must gradually start limiting the scope of itscostly bank blanket guarantee to pave the way for the establishment of an insurance deposit scheme, according to a…

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  • Ginsi asks members not to pay shipping fees

    JAKARTA (JP): The Association of Indonesian Importers (Ginsi) directed all of its members on Thursday not pay the terminal handling charge (THC) imposed by foreign shipping companies.

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  • Telxsel, Chinese firm to enter wireless telephone services

    JAKARTA (JP): PT Telekomunikasi Xinwei Selular (Telxsel) will soon enter the wireless telephone market in cooperation with Chinese Xinwei Telecom Technology, Ltd.

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  • Pertamina says fuel stocks enough to anticipate surge

    JAKARTA (JP): State oil and gas company Pertamina said on Thursday it had stockpiled enough fuel to anticipate a sudden surge in demand ahead of a fuel price increase on…

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  • BI wins debt rollover from London Club

    JAKARTA (JP): Bank Indonesia won approval from the London Club of commercial creditors on Thursday to roll over some US$340 million in sovereign debts.

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