• Can Indonesia Become a Global Force in Halal Food Products?

    I Wayan Dipta, Deputy Production and Marketing at Indonesia's Cooperatives and Small & Medium Enterprises Ministry, believes Indonesian halal food products (halal refers to those products that are produced in accordance with Islamic law) have great potential on the international market over the next 15-20 years due to the growing number of Muslims worldwide.

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  • Bank Rakyat Indonesia Sees Good Growth at East Timor Branch

    Haru Koesmahargyo, Finance Director of Bank Rakyat Indonesia (BRI), said the company's new branch office in East Timor (Timor Leste), which was opened several months ago, already managed to open about 20,000 new accounts for local clients. Considering the limited time-span and the limited local population in the region, these results are very positive. Also in terms of transactions the East Timor branch shows good growth.

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  • AirAsia Seeks Back-Door Listing on Indonesia Stock Exchange

    Contrary to its earlier plans, Indonesia AirAsia (the local unit of Malaysia-based low-cost airline AirAsia Bhd) aims for a back-door listing on the Indonesia Stock Exchange through a debt-and-share-swap deal with local logistics and warehousing company Rimau Multi Putra Pratama (RMPP). AirAsia will inject 57.25 percent of Indonesia AirAsia's shares into RMPP.

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