Citibank and Bank BNI announced Monday that they had signed a
Citibank and Bank BNI announced Monday that they had signed a
cooperation agreement allowing the former's credit card holders
to make payment using the latter's automated teller machines and
PhonePlus facility throughout Indonesia -- JP
PT Anta Express Tour & Travel Service, an Indonesian tour and
travel company, plans to sell 80 million initial public offering
shares from Nov. 30 to Dec. 4, it said Monday. Anta said the par
value is Rp 100 rupiah a piece but the company hasn't determined
the offer price. It will give two warrants for every IPO share.-
Dow Jones
Singapore's United Overseas Bank Ltd. Monday said it's not making
a bid for PT Bank Central Asia of Indonesia. UOB's statement came
after it declined to comment late last week on Indonesian Bank
Restructuring Agency's comments Thursday that the Singapore-based
bank was among the six new bidders for the government's majority
stake in PT Bank Central Asia. - Dow Jones
Automotive giant General Motors has agreed to sell it subsidiary
Hughes Electronics, owner of satellite television company
DirecTV, to US firm EchoStar for around US$26 billion, the
companies announced in a statement late Sunday. GM's board of
directors approved the deal after Australian-born media mogul
Rupert Murdoch's News Corporation withdrew its bid Saturday. -AFP
Japan's Bridgestone Corp. will invest 10 billion yen (US$82
million) to boost domestic production of high-performace tyres
for passenger cars, a daily said Monday. This is
part of the firm's effort to meet growing demand for high-
performance tyres -- 17-inch (43-centimeter) and larger types
specially designed to have more surface contact, the Nihon Keizai
Shimbun said. - AFP
British-based Standard Chartered plc said Monday it was setting
aside S$100 million (US$55.2 million) over three years to upgrade
its Singapore operations. "Primarily it will be used to relocate
and renovate the 20 branches," a spokeswoman from the bank told
AFP. -- AFP
Isuzu Motors Ltd. will begin importing buses to Japan
manufactured by its joint venture in China by the end of March
next year as a cost-cutting measure, industry sources said
Saturday. Isuzu will be the first Japanese automaker to export
vehicles from China to Japan, according to the sources.-Dow Jones