Philip Morris Reports Flat Sales in Indonesia
NEW YORK (Yosefardi) – Philip Morris International Inc. (PMI) its estimated total cigarette market was essentially flat in 2015, reflecting a soft economic environment.
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Trikomsel Proceeding Debt Payment Suspension
SINGAPORE (Yosefardi) – Trikomsel Pte Ltd is now proceeding the suspension of payments (PKPU) for its SG$100 million senior fixed rate notes due this year, proposed to its noteholders in Indonesia. The notes carries annual coupon of 5.25%.
Read MoreEmerging Industries Vie For Talent With Established Multinationals
JAKARTA (Yosefardi) – According to the latest annual Global Salary Survey from specialist professional recruitment firm Robert Walters, competition for key bilingual professionals in Indonesia is expected in the rapidly emerging industries.
Read MoreMoF: Three Expectations on AIIB
JAKARTA (Yosefardi) – In the first meeting of Asian Infrastructure Investment Bank (AIIB), the Minister of Finance Bambang P.S. Brodjonegoro acts as representative of regional members who delivers his speech on the AIIB inauguration.
Read MoreTrikomsel Pursuing Debt Restructuring
SINGAPORE (Yosefardi) – Trikomsel Pte. Ltd. is now pursuing the restructuring of its SG$215 million debt. The debt consists of SG$115 million senior fixed rate notes (FRN) with annual coupon rate of 5.25% due this year, and SG$100 million senior fixed rate notes (FRN) with annual coupon rate of 7.875% due in 2017.
Read MoreHuntkey Power Strips Certified by SNI
SHENZHEN (Yosefardi) – Huntkey Enterprise Group, a global professional power supply provider in China, announced its power strips have been certified by Standard National Indonesia (SNI), the unique product standards in...
Read MoreAPEC: Asia-Pacific Growth at a Crossroads
MANILA (Yosefardi) – Asia-Pacific economies continue to grow but at a moderated pace on account of slowing global trade, prompting next generation trade and growth boosting measures that target the region’s emerging middle...
Read MoreIndonesia Supports International Tax Cooperation
JAKARTA (Yosefardi) – President Joko Widodo expressed Indonesia’s support to the G20 to implement international tax cooperation, in the form of erosion and profit shifting based. This was done at the G20 leaders meeting in...
Read MoreAIA Posts 25% Growth in Value of New Business
HONG KONG (Yosefardi) – AIA Group Limited reported 25% growth in value of new business (VONB) to to US$552 million for the third quarter ended 31 August 2015. VONB margin rose 8.4% to 57.6% and annualised new premiums (ANP)...
Read MoreBKPM Signs MoU with 3 South Korea Banks
JAKARTA (Yosefardi) – The Investment Coordinating Board (BKPM) had Saturday last week (Oct. 17) signed the memorandum of understanding (MoU) with 3 banks from South Korea. BKPM chairman Franky Sibarani said that 3 banks...
Read MoreGrowth in East Asia Pacific Likely to Moderate But Still Remain Solid, Says World Bank Report
SINGAPORE (Yosefardi) – East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth, according to a new World Bank report. Overall, the region is...
Read MoreExtend Existing Duties on Coated Freesheet Paper Imports from China and Indonesia
WASHINGTON (Yosefardi) – Verso Corporation, Sappi North America and Appleton Coated LLC, together with the United Steelworkers (USW), Thursday called for an extension of duties on imports of coated paper from China and...
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