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Minna Padi insists no plan to acquire Bank Muamalat stake
Business 8 years ago

Minna Padi insists no plan to acquire Bank Muamalat stake

Securities company PT Minna Padi Investama Sekuritas has denied reports that it plans to acquire major shares of sharia lender Bank Muamalat.
Indonesia's sharia financial committee focuses on boosting real sector
Business 8 years ago

Indonesia's sharia financial committee focuses on boosting real sector

The National Committee for Sharia Finance (KNKS) is focusing on boosting the real sharia sector instead of developing sharia finance products in a bid to raise the demand for sharia financing.
Medco to acquire 44.3% stake in Australia’s MacMahon
Business 8 years ago

Medco to acquire 44.3% stake in Australia’s MacMahon

Publicly listed oil and gas company PT Medco Energi Internasional, through its subsidiary PT Amman Mineral Nusa Tenggara (AMNT), is set to acquire 44.3 percent of the shares of Australia-based mining contractor MacMahon Holdings.
Twitter shares rise on word of Biz Stone's return
Science & Tech 8 years ago

Twitter shares rise on word of Biz Stone's return

Twitter shares gained Tuesday on word that co-founder Biz Stone was returning to the social network after six years away.
Plunging agriculture share to GDP major concern for policymakers
Business 9 years ago

Plunging agriculture share to GDP major concern for policymakers

The persistent decline in the contribution of the agriculture sector to the gross domestic product (GDP) has been a key concern for policymakers, an official has said.
Papua asks for 10 percent in Freeport divestment
Business 9 years ago

Papua asks for 10 percent in Freeport divestment

The Papua administration has requested a 10 percent share of divested shares of copper and gold miner PT Freeport Indonesia if the company abides by a requirement to sell 51 percent of its shares to national entities.
Mimika warned not to repeat the case of Cepu block
Business 9 years ago

Mimika warned not to repeat the case of Cepu block

Former Coordinating Maritime Affairs Minister Rizal Ramli has warned the Mimika administration in Papua to be cautious following its aspirations to get shares in gold and copper mining company PT Freeport Indonesia, especially considering the previous case of the Cepu block in Bojonegoro, East Java.
'Government prepares funding scheme to buy Freeport’s shares'
Business 9 years ago

'Government prepares funding scheme to buy Freeport’s shares'

An official has said the Indonesian government has enough funding to buy shares in copper and gold miner PT Freeport Indonesia as it has started to prepare a holding company to manage the mining site in Papua.
Banking stocks to soar further as ‘perception banks’ revealed: Analysts
Business 9 years ago

Banking stocks to soar further as ‘perception banks’ revealed: Analysts

The appointment of nine banks as trustees for the tax amnesty program will give positive impact on the lenders’ shares in the medium term, analysts have said, pointing that it will help boost the liquidity in the financial market.
Bakrie group revives plan to sell 10% shares in TV station
Business 9 years ago

Bakrie group revives plan to sell 10% shares in TV station

Bakrie Group has restarted its strategic plan to sell around 10 percent shares in its free-to-air television station ANTV, aiming to pocket Rp 1.3 trillion (US$98.75 million).
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