NEW DELHI: Retail prices of essential food commodities like wheat, rice, sugar, pulses and edible oil have witnessed an upward trend since January this year, Parliament was informed today. “The monthly average retail prices from January, 2012 onwards show an upward trend in the case of rice, wheat, pulses, edible oils, sugar and vegetables,” Food Read more
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Fitch Ratings-Jakarta/Singapore-12 June 2012: Fitch Ratings has upgraded PT Aneka Gas Industri’s (AGI) National Long-Term rating to ‘A-(idn)’ from ‘BBB(idn)’. The Outlook is Stable. At the same time, AGI’s IDR80bn bond I and IDR160bn Islamic bond I, both due in July 2013, have also been upgraded to ‘A-(idn)’ from ‘BBB(idn)’. The upgrade reflects Fitch’s view Read more
Jakarta, May 31, 2012 (Press Release) – PT Kalbe Farma Tbk (“Kalbe” or “the Company”) on May 30, 2012 entered into a Conditional Sale and Purchase Agreement to acquire 100% stake of PT Hale International, an Indonesian-based producer of healthy beverage products. “This acquisition will strengthen Kalbe’s ready-to-drink business in Consumer Health Division, in line Read more
Institutional investor has placed 631.32 million shares in property developer PT Ciputra Development Tbk (CTRA) at Rp750 a share or Rp473.49 billion. According to the offering structure obtained by The Insider Stories today, the investor offered 4.2% of CTRA shares at 3.8%-8,8% discount of yesterday’s closing level at Rp800 a share. Ciputra Development is developer Read more
Two controlling shareholders of CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo, and a foreign private equity PT Fendalton Investment, has completed a private placement of about 7% stake or 290 million shares to institutional investors at 5% discount or Rp1,585 a share. According to two sources familiar with the Read more
The state-controlled PT Bank Negara Indonesia Tbk (BNI) has obtained nearly US$3 billion demand for its US$500 proposed global bonds. A source familiar with the matter said BNI and the joint lead arranges have priced the bonds at 4.125%. “Demand from investors nearly US$3 billion or close to seven fold oversubscribed,” the source told The Read more
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