HSBC, Petrosea sign deal

JAKARTA (JP): HSBC Indonesia has won a contract to provide a cash management service to PT Petrosea Tbk, a publicly listed engineering, construction and mining company.

The service, which would be delivered electronically through the bank's proprietary electronic banking system, Hexagon, will include account information services and fund transfers, the bank said in a statement.

HSBC, part of the London-based HSBC Holdings has operated in Indonesia since 1884 and now has seven branch offices in Jakarta, Surabaya, Medan, Bandung, Semarang, and Batam. (07)