• Mitsubishi Corporation May Relocate its Jakarta Factory

    Mitsubishi Corporation is considering to relocate its Mitsubishi Fuso factory - where commercial vehicles are built - away from the city in Pulo Gadung (East Jakarta). Noboru Tsuji, Senior Vice President of Mitsubishi Corporation and Division Chief Operating Officer of the Motor Vehicle Business Division, announced this plan.

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  • Nippon Indosari Corpindo Continues to Expand Beyond Borders

    Nippon Indosari Corpindo, Indonesia's largest bread products manufacturer and the only one that is listed on the Indonesia Stock Exchange, continues to expand beyond borders. The company announced that it reached an agreement with Caffe Bene, a South Korea-based coffeehouse chain. Caffe Bene is South Korea's biggest coffeehouse chain and also owns hundreds of stores around the globe.

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  • Moody's Advises Bank Indonesia to Pause Monetary Easing Drive

    Today, the central bank of Indonesia (Bank Indonesia) decided to keep its key interest rate - the seven day reverse repo rate - at 4.25 percent, a decision that had been expected by most - if not all - analysts as there have been rising pressures on the rupiah exchange rate after two surprise rate cuts in August and September, while there remain plenty of external matters that make investors careful about investing in emerging market assets.

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