• 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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  • Only 16.7% of Indonesia's Oil Palm Plantations ISPO Certified

    So far, an area of 1.9 million hectares of oil palm plantations, which can produce up to 8.2 million tons of crude palm oil (CPO), has been certified under the Indonesia Sustainable Palm Oil (ISPO) scheme. As of August 29, 306 ISPO certificates have been granted to 304 Indonesian oil palm companies, one plasma farming association, and one farmer self-help cooperative. The above-mentioned figure includes the 40 ISPO certificates that were submitted today to local palm oil companies.

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