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Indonesian Corporates Credit Trends Remain Broadly Stable until Next Year

JAKARTA (TheInsiderStories) - Indonesian majority corporates that it rates will demonstrate stable credit trends over the next 12-18 months, although the commodity-related sectors will...

Japan Tobacco to Purchase Gudang Garam’s Unit for US$677m

JAKARTA (TheInsiderStories) - Japan Tobacco Inc. (TSE: 2194) or JT Group has agreed to acquire Gudang Garam (IDX: GGRM) subsidiary, PT Karyadibya Mahardhika (KDM)...

Semen Indonesia to raise Rp3 trillion from bonds issue

JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX:SMGR) announced on Friday of its plan to issue bonds, called Sustainable Bond I Phase I 2017,...

Astra International unit raises stakes in Cipali toll road to 45%

JAKARTA (TheInsiderStories) - PT Astratel Nusantara, a subsidiary of PT Astra International Tbk (IDX: ASII), has increased its share ownership in the Cikopo-Palimanan (Cipali) toll...

Mandiri to issue zero coupon bonds

JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part...

 Garuda suffers net loss of $99.08m in Q1 on higher...

  JAKARTA (TheInsiderStories) - The newly appointed President Director of PT Garuda Indonesia Tbk (IDX:GIAA) Pahala N. Mansury, has one huge task on his hand,...

Moody’s downgrades Lippo Karawaci to B1; outlook stable

Singapore, April 28, 2017 -- Moody's Investors Service has downgraded to B1 from Ba3 the corporate family rating of Lippo Karawaci Tbk (P.T.) and the senior...