Corporate Briefs<\/p>\n
Travel agency PT Anta Express Tour & Travel Service plans to
\nfloat its shares on the Jakarta Stock Exchange mid-December with
\nPT Kresna Graha Sekurindo as underwriter, the company said on
\nThursday. -- JP<\/p>\n
The Indonesian Bank Restructuring Agency has raised Rp 49.5
\nbillion (US$4.6 million) from the sale of steel container
\nmanufacturer PT Poli Contindo Nusa, formerly owned by the Salim
\nGroup, to PT Kerismas Witikco Makmur, the agency said on
\nThursday. -- JP<\/p>\n
Anglo-American energy firm BP Indonesia has officially launched a
\nseries of lectures on oil and gas at Irian Jaya's universities to
\nraise the local people's knowledge of the industry. The program
\nwill be held monthly for a year. -- JP<\/p>\n
About 20 multinational companies operating in Banten province
\nhave launched an organization called the Banten International
\nBusiness Association to help the local government in developing
\nbusiness in the province and attracting investors to the area, a
\npublic relations firm said on Thursday -- JP<\/p>\n
Indonesian nickel and gold miner PT Aneka Tambang, or Antam, said
\nThursday its nine-month net profit rose 2.7 percent to Rp 311
\nbillion (US$29.1 million) due to higher third-quarter sales of
\nhigh-grade nickel ore. Overall sales increased to Rp 1.22
\ntrillion from Rp 1.09 trillion a year earlier, helped by the weak
\nrupiah at a time when average selling prices for nickel and gold
\nwere lower. -- Dow Jones<\/p>\n
Toyota Motor Corp, Japan's largest automaker, reported a 35
\npercent rise in first-half operating profit on Thursday, lifted
\nby a weaker yen, solid sales in North America and aggressive
\ncost-cutting. Consolidated operating profit climbed to 506.58
\nbillion yen (US$4.19 billion) for the six months through
\nSeptember, compared with 376.10 billion yen for the same period a
\nyear earlier. -- Reuters<\/p>\n
Singapore Airlines' executives have agreed to take a 5-per-cent
\nwage cut this month in what will be one of the worst-ever years
\nfor their industry, it was reported Thursday. Breaking a
\nstalemate in talks with management, the Air Transport Executives
\nStaff Union, representing 800 administrative officers, announced
\nin an e-mail message to its members that it has agreed to SIA's
\nrequest for a wage reduction. -- DPA<\/p>\n
Singapore Airlines Ltd. on Thursday said it will defer delivery
\nof 10 Airbus aircraft due for delivery from January 2003.
\nDelivery of the first A340-500 has been put back nine months to
\nOctober, the carrier said. -- AFP<\/p>\n
Japanese automaker Mitsubishi Motors Corp. said Thursday it will
\nrecall over 12,000 cars due to brake problems at a cost of 1.5
\nbillion yen (US$12.5 million). -- AFP<\/p>\n
Japan's Sharp Corp. and major Taiwanese chipmaker Winbond
\nElectronics Corp. have agreed to jointly develop memory chips for
\nthird-generation mobile phones, a news report said Thursday. The
\nmass production technology of Winbond and the miniature
\nprocessing techniques of Sharp would allow the two firms to cut
\ndevelopment costs and get the chips to market faster, the Nihon
\nKeizai Shimbun said. -- AFP<\/p>\n
South Korea's leading automaker, Hyundai Motor Co. will jointly
\nproduce micro multi-functional vehicles with its Malaysian
\npartner Industri Otomotif Komersial (Inokom), reports said
\nThursday. \"We are eying to manufacture 20,000 units annually at
\nour Kulim plant in (northern) Kedah state,\" the Star newspaper
\nquoted Inokom chairman Amer Hamzah Ahmed as saying. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/corporate-briefs-1447893297",
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