JP\/12\/brief<\/p>\n
SingTel net profit dives almost 25%<\/p>\n
SINGAPORE: Singapore Telecommunications Ltd. (SingTel) Friday
\nsaid net profit in the nine months to December fell almost 25
\npercent to S$1.45 billion (US$655.74 million), but rejected
\ncriticism over its overseas investments.<\/p>\n
The lower profit reflected goodwill charges following
\nSingTel's acquisition of Australia's CW Optus last year for S$9
\nbillion as part of an effort to expand beyond Singapore's small
\ndomestic market.<\/p>\n
Operating revenues for Southeast Asia's biggest telephone firm
\nrose 34 percent to S$4.91 billion from S$3.66 billion the
\nprevious year, boosted by the initial contribution of CW Optus.<\/p>\n
CW Optus earnings in the December quarter were included into
\nSingTel accounts. SingTel also has stakes in mobile phone
\ncompanies in Thailand, the Philippines, India and Indonesia and
\nis the majority shareholder in the pan-Asian submarine cable firm
\nC2C. -AFP<\/p>\n
Jasa Marga to issue Rp 400b bonds<\/p>\n
JAKARTA:PT Jasa Marga, an Indonesian toll-road builder and
\noperator, plans to issue Rp 400 billion (US$38.8 million) of
\nbonds this month to finance a new toll road, an official with the
\nstate-owned company said Friday.<\/p>\n
The official, who asked not to be named, told Dow Jones
\nNewswires that Jasa Marga has named PT Danareksa Securities and
\nPT Trimegah Securities as underwriters.<\/p>\n
Doni Jawas, an analyst with local rating agency PT Pefindo
\nconfirmed that it has been asked to rate the new bonds.<\/p>\n
The bonds will have a maturity of seven years. Jasa Marga and
\nits underwriters haven't determined if they will carry fixed or
\nfloating coupon rates, he noted.<\/p>\n
Analysts expect the bonds to be well received by the market
\ndue to falling domestic interest rates.- Dow Jones<\/p>",
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