Suharto son's Bimantara Group plans to seek listing

Article Abstract:

Indonesia's PT Bimantara Citra (Bimantara) has announced plans to get a listing on the Jakarata stock exchange. Although company officials decline to comment on the plan, official press releases state that Bimantara will definitely take many of its subsidiaries public. The issue itself is not that large but much interest has been generated because of the fact that Bimantara is owned by the son of Indonesian Pres. Suharto. Some analysts believe that the listing is designed to blunt criticism that Bimantara's success is due more to political connections than business ability.

P.T. Bimantara Citra

---

Salim Group's CEO says innovative solutions, not particular sectors, will be focus in future

Article Abstract:

Salim Group Pres. and CEO Anthony Salim noted that his company's main thrust for the next decade will be to develop innovative solutions to wide range of commercial needs in Indonesia. Particularly, Salim revealed plans to grow rice in Borneo and to establish drinking water treatment facilities to address rice and water shortages in the country. As part of its plan to grown rice, the company will also strive to develop better techniques of growing such a commodity.

Corporations, Salim, Anthony, Corporations, Indonesian

---

Analysts see benefit for Indocement, problem for Indofood in Salim shuffle

Article Abstract:

Many analysts agree that the Salim Group's plans to shift flour-milling operations from PT Indocement Tunggal Prakarsa (Indocement) to PT Indofood Sukses Makmur (Indofood) will redound to Indocement's benefit. They state that the planned sale would most likely have a detrimental effect on Indofood's FY 1995 earnings. In addition, there are widespread doubts regarding how Indofood will be able to pay for the acquisition of the flour-milling operation.

Cement, hydraulic, Cement, Cement Manufacturing, Misc. Food and Kindred Products, All Other Miscellaneous Food Manufacturing, Noodle Products NEC, Food industry, Pasta products, Cement industry, P.T. Indofood Sukses Makmur, P.T. Indocement Tunggal Prakarsa

Similar abstracts:

• Abstracts: Insurers demand answers as investigation of Chinese rocket begins. Dogfight mood permeates Thai insurance market
• Abstracts: Experts say infrastructure stocks offer good returns, but not price stability. Indian stocks' recovery fuels cautious optimism
• Abstracts: Analysts say Japan market requires long-term plan. Asian markets hope for a rebound from a glum '95, but concerns linger

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.