;JP;REN;
\nANPAf..r..
\nBrief-BAT-Pall-Mall
\nBAT to merge with Pall Mall
\nJP\/14\/brief<\/p>\n
BAT to merge
\nwith Pall Mall<\/p>\n
JAKARTA: Publicly listed cigarette and tobacco company PT BAT
\nIndonesia, a local unit of U.S.-based British American Tobacco
\nInc., is planning to merge with smaller rival PT Rothmans of Pall
\nMall Indonesia this year to improve its performance.<\/p>\n
In its report to the Jakarta Stock Exchange on Thursday, the
\ncompany said it was currently conducting a feasibility study over
\nthe merger plan with its possible execution slated for this year.
\nBAT did not elaborate further on the plan.<\/p>\n
BAT produces and distributes in Indonesia a number of leading
\ninternational cigarettes, including Lucky Strike, Dunhill,
\nKansas, Ardath, 555, Benson & Hedges and Commodore. -- JP<\/p>\n
;JP;REN;
\nANPAf..r..
\nBrief-Duta-Pertiwi
\nDuta Pertiwi receives loans from BNI
\nJP\/14\/brief<\/p>\n
Duta Pertiwi gets
\nloans from BNI<\/p>\n
JAKARTA: Publicly listed property company PT Duta Pertiwi
\nannounced on Thursday that it had just signed a working capital
\nloan agreement with state-owned Bank Negara Indonesia (BNI) worth
\nUS$28.5 million and Rp 352.7 billion (US$39.7 million).<\/p>\n
The company reported to the Jakarta Stock Exchange that the
\ndollar-denominated loans carried an interest rate of 9 percent,
\nwhile the rupiah loans at 13.5 percent, with a maturing period of
\nfive years on Dec. 22, 2009.<\/p>\n
The company, which is part of the Sinar Mas Group
\nconglomerate, will cover the collaterals for the loans with its
\ntwo buildings, the Plaza BII office tower II and III, located on
\nJl. Thamrin, Central Jakarta. -- JP<\/p>\n
;DJ;
\nANPAf..r..
\nBrief-Danamon-tsunami
\nDanamon sees minimal losses from tsunami
\nJP\/14\/BRIEF<\/p>\n
Danamon sees little
\nlosses from tsunami<\/p>\n
JAKARTA: Bank Danamon Indonesia, the country's fifth-largest
\nbank, does not expect significant losses from the damage caused
\nby last month's tsunami that destroyed Aceh and North Sumatra, a
\nbank official said on Friday.<\/p>\n
As of December 2004, the bank's seven branches in Aceh and
\nNias Island had extended Rp 59 billion (US$6.34 million) of
\nloans, I Dewa Made Susila, the head of Bank Danamon's investor
\nrelations division, told Dow Jones.<\/p>\n
"This shouldn't any material impact on the financial results
\nof the bank," he said.<\/p>\n
Bank Indonesia has estimated that around half of overall Rp 4
\ntrillion bank loans in the north Sumatra region are expected to
\nbe irrecoverable. -- Dow Jones<\/p>\n
;DJ;
\nANPAf..r..
\nBrief-Indofood-bond
\nIndofood fails in second bond buyback bid
\nJP\/14\/BRIEF<\/p>\n
Indofood fails in
\nbond buyback bid<\/p>\n
SINGAPORE: Indonesia's largest instant noodle maker, Indofood
\nSukses Makmur on Friday failed to get bondholders' approval for
\nthe repurchase of US$280 million in international bonds due 2007,
\nopening the way for a court bid to get consent for repayment,
\ncompany director Djoko Wibowo said.<\/p>\n
In a previous announcement, Indofood said it would proceed to
\nthe U.K. courts to seek the go-ahead to redeem the bonds at par
\nif bondholders failed to give their approval.<\/p>\n
Holders of 42.8 percent of the bonds gathered in Singapore on
\nFriday morning, meeting the minimum requirement of a 25 percent
\nquorum, but only 21.64 percent of those represented voted in
\nfavor of the buyback, far less than the 75 percent approval
\nneeded.<\/p>\n
Indofood was seeking the nod from bondholders to repay the
\ndebt at 101 percent of face value. --Dow Jones<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jpren-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}