Ramayana voted as favorite RI firm

Ramayana voted as favorite RI firm

JAKARTA (JP): Department store chain PT Ramayana Lestari
Sentosa was voted as investors' favorite Indonesian company
according to the monthly financial magazine Asiamoney.

Investors participating in Asiamoney's Best Managed Companies
Poll in Indonesia voted Ramayana as having the best management of
financial accounts, the most reliable forecasts, best access to
senior management, best investor relations, and best treatment of
minority shareholders.

Following Ramayana were cigarette producers PT Gudang Garam
and PT Hanjaya Mandala Sampoerna, consumer products manufacturer
PT Unilever Indonesia, and automotive company PT Astra
International.

The poll, conducted annually, was based on 258 responses from
214 institutions in the Asia-Pacific region including Japan and
Australia, Europe, and the United States.

It invited investors to assess Asia-Pacific companies by
region as well as by country.

Separately, Asiamoney also awarded state-owned PT Danareksa
the "Deal of the Year from Indonesia" award for the sale of the
Indonesian Bank Restructuring Agency (IBRA)'s 40 percent stake in
PT Astra International to the Cycle & Carriage consortium. (tnt)