Prudential close to buy AIG’s Asia

Monday, March 1st, 2010

British insurer Prudential PLC said Monday it was in advanced talks to buy the Asian operations of US insurer American International Group Inc. News reports say the deal could be worth around US$30 billion or more.

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Industry no longer locomotive of RI`s economic gowth

Saturday, November 28th, 2009

Industrial growth in Indonesia has continued to decline since 2006 and no longer serves as the locomotive of national economic growth, a national development planning official said. "Since 2006, the growth of industry has continued to decline and now happens at a rate below the overall economic growth rate. This means ...

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BI: Impact of crisis began to subside

Thursday, November 12th, 2009

Bank Indonesia is assessing the impact of the global economic crisis could hit almost all sectors perkonomian, now began to subside. BI Senior Deputy Governor Nasution Nasution said Indonesia's economy began to show improvement this year. This is evident from the preservation of inflation, a stable economic growth, strengthening the exchange ...

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BNI to issue US$300 m in subordinated bonds

Wednesday, October 28th, 2009

Bank Negara Indonesia (BNI), the country`s third largest state lender, plans to issue subordinated bonds estimated at US$300 million late this year or early next year. The bonds to be issued at a yield of 7-8 percent will be payable in 5-10 years, the bank`s treasury and international affairs director, Bien ...

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