BRI plans roadshow for bond, IPO<\/p>\n
JAKARTA: Bank Rakyat Indonesia (BRI) on Monday said it plans to
\nhold a roadshow in several big cities next month to introduce its
\nupcoming initial public offering and issue of a dollar-
\ndenominated subdebt.<\/p>\n
\"We are planning the roadshow for early August,\" BRI president
\nRudjito told reporters.<\/p>\n
He said the roadshow will be held in Singapore, Hong Kong,
\nLondon, New York, Los Angeles and Chicago.<\/p>\n
Rudjito didn't offer further details.<\/p>\n
The government plans to sell up to a 30 percent stake in BRI
\nthrough an initial public offering in November to raise between
\nRp 2 trillion and Rp 3 trillion.<\/p>\n
The government said it will use proceeds from the IPO to
\nnarrow its budget deficit this year, which is running at 1.8
\npercent of gross domestic product.<\/p>\n
Bank Rakyat is also expected to issue up to US$150 million in
\nsubdebt to increase its capital base. -- Dow Jones<\/p>\n
;DJ;
\nANPAf..r..
\nCorporateBrief-Samsung-restricts-camera-phones
\nSamsung restricts camera phones
\nJP\/14\/<\/p>\n
Samsung restricts camera phones<\/p>\n
SEOUL: Samsung Electronics, the world's largest memory chip
\nmaker, said on Monday that it will restrict the use of camera
\nphones at key factories and research centers to preclude
\nindustrial espionage.<\/p>\n
The move comes amid concerns about the misuse of camera
\nphones, which have become part of daily life in South Korea, one
\nof the world's most advanced wireless markets.<\/p>\n
People use the devices to e-mail photographs to friends but
\nsecurity experts have warned that camera phones could be used for
\nindustrial espionage. Fears about their use by pornographers have
\nalso been voiced.<\/p>\n
\"The use of camera lenses in mobile phones will be restricted
\nat some semiconductor and telecoms factories as well as research
\nand development centers,\" a Samsung Electronics official told
\nAFP.<\/p>\n
Samsung Electronics, the world's third largest handset maker,
\nwill allow visitors and factory workers to bring camera phones
\ninto factories only after their lenses were covered with a
\nplastic sticker, he said.<\/p>\n
Camera phones are now used widely in South Korea to e-mail
\nphotographs. -- AFP<\/p>\n
;DJ;
\nANPAf..r..
\nCorporateBrief-Airbus-strong-sales
\nAirbus announces strong sales
\nJP\/14\/<\/p>\n
Airbus announces strong sales<\/p>\n
PARIS: The European aircraft manufacturer Airbus said on Monday
\nit had delivered 149 aircraft and received 199 orders in first
\nhalf of 2003, in line with targets announced during last month's
\nParis Air Show.<\/p>\n
The news boosted shares in the European aeronautic and defense
\ncompany EADS, which holds an 80-percent stake in Airbus. EADS
\nshares had jumped 6.14 percent to 12.28 euros at mid-day in an
\noverall French market that was up 2.52 percent.<\/p>\n
\"With the delivery of 149 aircraft in the first half, the
\ncompany's objective of delivering 300 planes in 2003 seems more
\nrealistic,\" Deutsche Bank said in a note to clients.<\/p>\n
CAI Cheuvreux said in a note that the deliveries surpassed its
\nprojections of 130 for the first six months, adding that the
\nresults boosted confidence in the manufacturer.<\/p>\n
At last month's Paris Air Show Airbus said its full year
\ntargets were 300 deliveries and 250 new orders.<\/p>\n
Airbus scored some prize orders at the show, putting it well
\non track to leave U.S. rival Boeing in the dust.<\/p>\n
Boeing said it expected to deliver 280 new aircraft this year
\nand between 275-300 in 2004. -- AFP<\/p>",
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