Citibank and Bank BNI announced Monday that they had signed a
\ncooperation agreement allowing the former's credit card holders
\nto make payment using the latter's automated teller machines and
\nPhonePlus facility throughout Indonesia -- JP<\/p>\n
PT Anta Express Tour & Travel Service, an Indonesian tour and
\ntravel company, plans to sell 80 million initial public offering
\nshares from Nov. 30 to Dec. 4, it said Monday. Anta said the par
\nvalue is Rp 100 rupiah a piece but the company hasn't determined
\nthe offer price. It will give two warrants for every IPO share.-
\nDow Jones<\/p>\n
Singapore's United Overseas Bank Ltd. Monday said it's not making
\na bid for PT Bank Central Asia of Indonesia. UOB's statement came
\nafter it declined to comment late last week on Indonesian Bank
\nRestructuring Agency's comments Thursday that the Singapore-based
\nbank was among the six new bidders for the government's majority
\nstake in PT Bank Central Asia. - Dow Jones<\/p>\n
Automotive giant General Motors has agreed to sell it subsidiary
\nHughes Electronics, owner of satellite television company
\nDirecTV, to US firm EchoStar for around US$26 billion, the
\ncompanies announced in a statement late Sunday. GM's board of
\ndirectors approved the deal after Australian-born media mogul
\nRupert Murdoch's News Corporation withdrew its bid Saturday. -AFP<\/p>\n
Japan's Bridgestone Corp. will invest 10 billion yen (US$82
\nmillion) to boost domestic production of high-performace tyres
\nfor passenger cars, a daily said Monday. This is
\npart of the firm's effort to meet growing demand for high-
\nperformance tyres -- 17-inch (43-centimeter) and larger types
\nspecially designed to have more surface contact, the Nihon Keizai
\nShimbun said. - AFP<\/p>\n
British-based Standard Chartered plc said Monday it was setting
\naside S$100 million (US$55.2 million) over three years to upgrade
\nits Singapore operations. \"Primarily it will be used to relocate
\nand renovate the 20 branches,\" a spokeswoman from the bank told
\nAFP. -- AFP<\/p>\n
Isuzu Motors Ltd. will begin importing buses to Japan
\nmanufactured by its joint venture in China by the end of March
\nnext year as a cost-cutting measure, industry sources said
\nSaturday. Isuzu will be the first Japanese automaker to export
\nvehicles from China to Japan, according to the sources.-Dow Jones<\/p>",
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"sponsor": "Okusi Associates",
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