JAKARTA, KOMPAS.com – If in the first quarter of last year, the banking industry is still grappling with the impact of global crisis, this year they could improve their performance again. In fact, in industry, banking is in line with the target increase of 17 percent-20 percent. Based on data from Bank Indonesia, the current [...]

Various models of banking services in the Gallery of Bank Mandiri, Plaza Mandiri, Sudirman Central Business District (SCBD), Jakarta, Monday (22 / 3). Mandiri said its net profit growth in 2009 amounted to Rp 7.16 trillion, up 34.7 percent compared to 2008 amounting to Rp 5.31 trillion. RELATED: * Bank Mandiri Achieves Profit of Rp [...]

Movements in crude oil prices this month, driven by more fundamental factors. European sentiment reduce investor interest against the “black gold”. Even oil prices plunged more than 10 U.S. dollars up to the level of 76 dollars per barrel on May 11, 2010. Sharp correction was triggered by a negative outlook on the debt crisis [...]

- Singapore Telecom (SingTel) said Thursday (13/05/2010) it recorded an increase in fourth quarter net profits up to March, compared to the previous year amid growing company performance both regionally and domestically. SingTel, which has a market across Asia Pacific, said its net profit in the three months to March reached 1.02 billion Singapore dollars [...]

CIMB Group Holdings Berhad (“CIMB Group”) announces the signing of the Sale and Purchase Agreement of Shares or Share Sale and Purchase Agreement (SSPA) conditional with Khazanah Nasional Berhad (“Khazanah) concerning the purchase of 17.10 per cent stake in PT The Bank CIMB Niaga Tbk (“CIMB Niaga ‘) of Khazanah. Khazanah plans to sell another [...]