Phapros and Pelita Air Postpone IPO

JAKARTA (Yosefardi) – State pharmaceutical company PT Phapros, subsidiary of PT Rajawali Nusantara Indonesia (RNI), expects to postpone its IPO plan this year pending the merger with its sister company, PT Rajawali Nusindo, distributor of pharmaceutical products....

Templeton Invests 3% Assets in Indonesia

FLORIDA (Yosefardi) – The Templeton Global Income Fund invested 3% of its total net assets (US$1.07 billion) in Indonesia as of April 30, 2015. Investment in fixed income accounted for 78.7% while the rest invested in cash and other assets. In Asia, Templeton invested...