Pacific Healthcare Holdings says unit Pacific Healthcare (Indonesia) has entered into a joint venture agreement with PT Plaza Medical Nusantara to set up PT Pacific Healthcare Services Indonesia to operate and manage an integrated medical specialist and dentistry centre (including laboratory, pharmacy, and diagnostic, imaging and day surgery facilities) in downtown Jakarta to be known as Pacific Healthcare @ The Plaza.
Posts Tagged ‘Indonesia’
Pacific Healthcare unit sets up Indonesian JV to operate medical specialist and dentistry …
January 28th, 2011 |
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Coal in Indonesia: Two dynasties, several pits
January 27th, 2011 |
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Messrs Rothschild and Bakrie team up to dig coal
COAL is so popular that it makes for odd bedfellows. In November Nat Rothschild, a member of a prominent European banking dynasty, announced a tie-up with one of South-East Asia’s most controversial tycoons. Aburizal Bakrie (pictured) is the patriarch of a scrum of companies with interests in everything from agriculture to shipping. He is also a powerful politician who may well run for Indonesia’s presidency in 2014.
Indonesia is the world’s largest exporter of thermal coal. The Bakrie Group controls some of its choicest mines. Since these are conveniently located a shortish sea trip from the ravenous power plants of China and India, they are tempting to investors. …
Spice i2i tumbles 21.7%; cash call roils market
January 26th, 2011 |
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Spice i2i (M09.SG) tumbles 21.7% to $0.090 on resuming trade after it announces a $151 million one-for-one rights issue at an issue price of $0.055 per share; it also announces its second acquisition in as many months, with the purchase of Indonesia’s Affinity Group, the owner and manager of Selular Group, for US$175 million ($224.3 million).
Citi Ups palm planters targets; likes Indofood
January 19th, 2011 |
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Citigroup says “CPO prices will remain well-supported over the near-term, as 1Q is typically a seasonally weak production period, exacerbated by wet weather affecting harvesting in parts of Malaysia and Indonesia.” It says other positives for CPO include firm soybean prices (weaker production outlook), higher oil prices (raised its estimate last week to $90/bbl from $85/bbl).
Danamon jumps most in 20 months on DBS speculation
January 18th, 2011 |
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PT Bank Danamon Indonesia rose the most in 20 months in Jakarta trading amid speculation DBS Group Holdings will buy a stake in the Indonesian lender, according to Teguh Hartanto, an analyst at PT Bahana Securities.
Danamon, owned by Singapore’s Temasek Holdings and Deutsche Bank AG, surged 11% to 5,950 rupiah at the 4 p.m. Jakarta time close, the steepest increase since May 19, 2009. The Jakarta Composite index gained 0.4%.
Temasek pays fine after Indonesia court notification
January 18th, 2011 |
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Temasek Holdings, Singapore’s state-owned investment company, said it will pay a fine after it was notified that its application for a court review of an anti- monopoly case was rejected by the Indonesian Supreme Court.
Temasek lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($21.9 million), or 15 billion rupiah for each of 10 Temasek-linked companies involved in the case, was set, the anti-monopoly agency said.
Obama’s ‘embrace’ of India led to leap in economic ties : US
January 15th, 2011 |
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Describing US President Barack Obama’s November trip to India as a full “embrace” of India as a great power and partner, US officials say the trip resulted in a great leap in their economic ties. It “…was an extraordinary trip, to India, where we fully embraced India’s rise as a great power and a great [...]
Army chief appears before PAC over canteen irregularities
January 12th, 2011 |
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The Indian Army chief, General V.K. Singh Wednesday deposed before parliament’s Public Accounts Committee (PAC) to answer queries about alleged irregularities in defence-run canteens as pointed out by the government auditor last year. This is the first time that an army chief has appeared before the PAC, which oversees government spending. The meetings are usually [...]
Straits Asia surges on Indonesia coal licence
January 12th, 2011 |
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Shares of Singapore-listed coal miner Straits Asia Resources (STRL.SI) jumped as much as 9.8% to a 41-month high after it got a license, which would lead to new coal mining rights in Indonesia.
At 0119 GMT, Straits Asia shares were up 6.4% at S$2.81, with over 9.1 million shares changing hands.
Straits Asia Resources gets principle licence to mine Sebuku’s Northern Leases
January 11th, 2011 |
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Straits Asia Resources says Indonesia’s Ministry of Forestry has issued a Principle Licence (Izin Prinsip) for the Northern Leases at Sebuku in South Kalimantan.
The Izin Prinsip is the precursor to the Izin Pinjam Pakai (Borrow and Use Licence) and gives the company the rights to extract coal provided certain final conditions are met.
First Real Estate Inv Trust rated ‘buy’ by OCBC
January 11th, 2011 |
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OCBC Investment Research in a Jan 7 research report says: “First REIT (FREIT) owns ten healthcare-related properties across Indonesia and Singapore. With a well-defined acquisition strategy, FREIT has managed to complete the acquisitions of two Indonesian hospitals recently which we view as yield-accretive in nature.
First REIT started at Buy by OCBC; $0.84 fair value
January 7th, 2011 |
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OCBC initiates coverage on First REIT (AW9U.SG) with a Buy recommendation and $0.84 fair value estimate.
The research house says FREIT "is well-positioned to capitalise on the growing demand for higher quality healthcare from the middle-class in Indonesia as well as increasing eldercare needs in Singapore."
OCBC notes FREIT has completed acquisitions of two Indonesian hospitals recently "which we view as yield-accretive in nature."
Shares up on US production data, coal shortage lifts Straits Asia
January 4th, 2011 |
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Singapore shares rose 0.6% by the midday break on Tuesday, following the regional stock market trend as investors took heart from strong U.S. manufacturing data reported overnight.
Indonesia-based coal miner Straits Asia Resources (STRL.SI) was amongst the outperformers, as concerns that a shortage of coal due to heavy flooding in Australia could lift prices and benefit miners outside of Australia, traders said.
Temasek assets evaluated by Indonesia for seizure: Update
December 22nd, 2010 |
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Indonesia’s anti-monopoly agency is evaluating Temasek Holdings Pte’s assets in the country and said the government has the right to seize them if a court-imposed fine isn’t paid.
The Singapore state-owned investment company lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($22.3 million), which includes 15 billion rupiah for each of 10 Temasek-linked companies, including the holding company, involved in the case, was set, the anti-monopoly agency said.
Indonesia’s anti-trust agency seeks $17.1m from Singapore
December 21st, 2010 |
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Indonesia’s anti-trust agency (KPPU) is seeking ways to seize assets worth 120 billion rupiah ($17.1 million) from Singapore’s Temasek Holdings (TEM.UL) over an outstanding fine of the same amount, a KPPU commissioner said on Tuesday.
The KPPU ruled in 2007 that Temasek and eight affiliates were in breach of Indonesia’s anti-monopoly laws because of holdings in two Indonesian telecom firms, and ordered Singapore’s state investor to sell the stake in one while fining the affiliates 15 billion rupiah each.
AFP Properties – Corporate moves
December 21st, 2010 |
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Margaretha Natalia Widjaja has been appointed ED wef Dec 14
Work experience: Deputy CEO, Forestry Division, Sinar Mas Group; vice chairman, Indonesia Property, AFP Properties Ltd