- The government has budgeted Rp 20 trillion per year for small scale industries which are given without collateral, to improving the economy of society. This was conveyed by Coordinating Minister Hatta Radjasa. at the opening proclamation of “Great Mother Movement” in Musi Banyuasin (Muba), South Sumatra (Sumatera), in Sekayu, Saturday (05/15/2010). He hopes that [...]

In its effort to restore the financial condition which also has hit financial markets around the world, the Greek Government intends to increase some taxes. It is also a prerequisite for the proposed International Monetary Fund and the European Union before pouring the bailout. When the increase of the tax component is applied, it is [...]

- PT Matahari Putra Prima Tbk plans to pay the remaining debt of 200 million U.S. dollars in August. The plan, the debt is paid in cash receipts from the sale of the Matahari Department Store with a total of Rp 5.3 trillion. This was conveyed by the Director of PT Matahari Putra Prima Tbk. [...]

- President Director of PT Jamsostek, Hotbonar Sinaga, said the company is studying the possibility of that country to buy 30 percent stake in Bank Bukopin and prepare fund the purchase of between Rp 300 billion to Rp 500 billion. “Stage due dilligence ‘just is not finished. But we’re getting ready only, in accordance with [...]

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 [...]