(RTTNews) - Financial services firm HSBC Holdings Plc (HBC: News ,HSBA.L: News ) Friday said that it has completed the acquisition of 88.89% of PT Bank Ekonomi Raharja Tbk or Bank Ekonomi, for US$607.5 million in cash through its subsidiary HSBC Asia Pacific Holdings, UK, Ltd.

Despite declining purchasing power, higher sales taxes on electronic goods and falling export demand, the local electronics industry remains optimistic that it can achieve both higher domestic and overseas sales this year, an official said.

Aditya WikramaWood products exporter PT Sumalindo Lestari Jaya sees gloomy prospects ahead this year after being hit hard by the global crisis, resulting in falling exports and higher foreign-exchange losses.

Ni Komang Erviani , The Jakarta Post , Denpasar The ongoing electricity crisis has hampered both domestic and foreign investments to the tourist island of Bali since the last few years.Tedja Nandi Yasa, vice chairman of the Bali chapter of the Indonesian Chamber of Commerce and Industry (Kadin),...