Indonesian Political, Business & Finance News

Archive: 22 August 2011

2 articles found

Amid Global Woe, Local Investors Seize Golden Opportunity

By: Shirley Christie & Dion Bisara At the Toko Mas Mulia jewelry store along Jalan Cikini in Central Jakarta, customers glance at owner Kurniawan’s collection of rare 22- and 24-carat gold coins, but their eyes settle on his gold bars. And to keep up with the fluctuation in international rates he has had to change his prices twice each day - in the morning and in the afternoon. “This week we have had record sales,” he said on Saturday afternoon.

Several investors interested in Bank Mutiara: LPS

Jakarta (ANTARA News) - Several investors have submitted a letter of intent (LoI) to acquire Bank Mutiara, the Deposit Insurance Agency (LPS) said. "Three investors have submitted letters of intent to acquire PT Bank Mutiara, which is now in the process of being sold. Actually a total of nine investors have submitted letters of intent, but we have selected three of them," LPS head Firdaus Djaelani said here on Friday.