HSBC, Delta sign deal

JAKARTA (JP): Hong Kong-based bank HSBC Indonesia has secured a contract to handle cash management for publicly listed brewer PT Delta Djakarta, the bank said here on Wednesday.

Under the agreement signed on Wednesday, HSBC will provide cash management services, including account information services and funds transfers for suppliers, and trade payments as well as salary transfers to Delta Djakarta.

Delta Djakarta is a member of the Philippine brewery giant San Miguel Corporation, which produces Anker Bir and Carlsberg Beer for the domestic market.

HSBC now operates seven branches in Jakarta, Surabaya in East Java, Bandung in West Java, Semarang in Central Java, Medan in North Sumatra and Batam in Riau. (cst)