Jakarta takes bows, but Indonesia's woes keep mounting

Article Abstract:

Indonesia's financial sector continues to struggle for recovery despite government efforts to introduce fiscal reforms mandated by the International Monetary Fund. According to reports, interest rates have continued to escalate, while foreign trade debts may be left unpaid by the central bank. Despite the partial increase in the value of rupiah, some commercial banks have decided to withdraw from the Indonesian Bank Restructuring Agency, and seek merger opportunities, instead.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Banking industry, Evaluation, Economic aspects, International Monetary Fund, Economic policy, Indonesia, Fiscal policy, Banking law

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Lee excited about Optus

Article Abstract:

Singapore Telecommunications Ltd.'s chief executive Lee Hsien Yang assures investors that he supports the proposed three-option bid to acquire Cable and Wireless Optus Ltd in a $8.26 billion deal, and he has no intention of changing the offer. Investors have not reacted favorably to the proposed acquisition.

Australia, Asset sales & divestitures, Wired Telecommunications Carriers, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone Communications, Telephone communications, exc. radio, Telecommunications services industry, Telecommunications industry, Telephone services, Singapore Telecommunications Ltd., Cable & Wireless Optus Ltd.

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Vickers Ballas Shareholders Reject Merger with G.K. Goh

Article Abstract:

Vickers Ballas Holdings Ltd.'s shareholder rejection of a merger with G.K. Goh Holdings Ltd. was a setback for the Singapore government's push to consolidate the region's brokerage firms.

Vickers Ballas Holdings Ltd., G.K. Goh Holdings

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