BCA signs a deal to improve service
BCA signs a deal to improve service
JAKARTA: Bank Central Asia (BCA), a leading private bank in the
country, has signed an agreement with Reuters, to implement
Reuters Automated Dealing services across its large retail
banking network.
"The market is rapidly evolving and Reuters increased
investment in dealing with technology will ensure that we have an
open solution that can fully address our current and future
needs," BCA general manager Darius Wanardi said in a statement on
Thursday.
"We believe that taking on the service will enable us to
provide our branches with a fuller range of automated trading
services that improve service, transparency and efficiency."
BCA is the first bank in Indonesia to be rolling out the
technology to its 115 branches and will be interfacing Automated
Dealing Technologies with Kondor+, a real-time positioning
keeping system, to enable complete flow through of deals from the
branches to the front-office risk management system. -- JP
;Agencies;
ANPAf..r..
CorporateBrief-HK-Matheson
Jardine Matheson profit jump by 41%
JP/14/BCA
Jardine Matheson profit jump by 41%
HONG KONG: Jardine Matheson Holdings Ltd., the Singapore- and
London-listed holding company for Hong Kong's oldest trading
company, Wednesday beat earnings forecasts with a 41 percent jump
in 2002 underlying earnings, but warned that the coming year was
one to be treated with caution.
A recovery in supermarket retailer Dairy Farm International
Holdings Ltd., Singapore-based motor vehicle distributor Cycle &
Carriage Ltd., hotel group Mandarin Oriental International Ltd.
and record earnings from 32 percent UK insurer Jardine Lloyd
Thompson Group PLC offset a slump in profits from 41 percent-
owned property investor Hongkong Land Holdings Ltd.
On Wednesday, Jardine Matheson said that its net profit for
the year ended Dec. 31 rose to US$253 million from $179 million
in the previous year. -- Dow Jones
;Agencies;
ANPAf..r..
CorporateBrief-KL-Airlines
Malaysia Airlines sees sales up $211m
JP/14/BCA
Malaysia Airlines sees sales up $211m
KUALA LUMPUR: Flag carrier Malaysia Airlines said Thursday it
expects sales for the year to March 2004 to rise US$211 million.
The prediction was based on an 11 percent rise in
international flight capacity as well as a 0.7 percent increase
in passenger loading, said Mohamad Nor Yusof, Malaysia Airlines'
managing director.
Mohamad Nor said he was "cautiously optimistic" about the
company's overall prospects for 2004, with strong passenger
growth expected from the China market.
He added China and Hong Kong were expected to account for 19
percent of the airline's total traffic in 2004, slightly higher
than estimations for 2003.
The airline had also secured additional traffic rights to
China, South Korea and India, he told a briefing without
elaborating. -- AFP
;Agencies;
ANPAf..r..
CorporateBrief-Swiss-Nestle
Nestle profit soars by 13%
JP/14/BCA
Nestle profit soars by 13%
VEVEY, Switzerland: Swiss food giant Nestle said on Thursday
that net profit rose by 13.2 percent in 2002 to 7.56 billion
Swiss francs (US$5.6 billion) compared to a year earlier.
Sales by the group reached 89.16 billion Swiss francs, or 5.3
percent more than in 2001, the group said in a statement.
Nestle said it expected to continue to improve its performance
in 2003.
"In spite of political and economic turbulence and the
continued strength of the Swiss franc, I am confident that in
2003 Nestle will be able to further improve its performance,"
Chief Executive Officer Peter Brabeck said in the statement.
Earnings before interest, taxes and amortization of goodwill
rose by 9.5 percent to 10.9 billion Swiss francs.
The U.S., Canada and Brazil particularly contributed to sales
growth last year. -- AFP