RI to record highest economic growth in Asia by 2011, says chief minister

"Bandarlampung (ANTARA News) - People`s Welfare Coordinating Minister Aburizal Bakrie said the highest economic growth in Asia in 2011 may prevail in Indonesia. "In his meeting with Vice President Yusuf Kalla, Bakrie said Indonesia may reach the highest economic growth in...

Bakrie Bros shareholders approve Rp40.1 trln rights issue plan

"Jakarta (ANTARA News) - Diversified Indonesian business group PT Bakrie Brothers said Monday it has secured approval from its shareholders for the company's proposed rights issue of up to 81.2 billion shares.Under the plan, every 20 shares will be entitled to subscribe for...

Indonesian shares outlook - Lower on falls in Asian, US markets

""We cannot fight the trend. If the region is going down, we will just follow suit," said Nico Suherman, an analyst at Panin Securities.The fact that Wall Street closed lower Friday after President Bush announced a 145 billion dollar economic stimulus plan has raised doubts...

Three Indonesian firms plan $164 mln 1st quarter bond issues

"Three Indonesian companies said on Wednesday they plan to raise a total of 1.55 trillion rupiah ($164.1 million) via bond issues in the first quarter to support business expansion and repay debt.The largest proposed issuance is by shipping company PT Arpeni Pratama Ocean...

President Yudhoyono receives Iranian vice president

"President Susilo Bambang Yudhoyono received Iranian Vice President/Environment Minister Fatemeh Vaiz Javadi at the Four Seasons Hotel in Bali on Thursday morning. Fatemeh`s 30-minute meeting with the Indonesian leader took place on the sidelines of the 13th Conference of...

Indonesia coal producer Bumi says 9-month net jumps

"The firm, controlled by the family of Indonesia's chief social welfare minister Aburizal Bakrie, made a net profit of $800 million in the January-September period, up from $153 million a year ago, Reuters reported. Bumi agreed in March to sell stakes in two of its biggest...