Chandra Asri to be listed

Article Abstract:

The Indonesian Bank Restructuring Agency (IBRA) intends to take PT Chandra Asri Petrochemical Center public. IBRA, which has control of 40% of all corporate assets in the country, is planning a takeover of the manufacturer of materials for the plastics industry. IBRA's plan to list the company's stocks at the Surabaya Stock Exchange comes as a surprise to Japanese investors, led by Marubeni Corp, who said that public listing is still one of the alternatives under consideration.

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Indonesian advertisers move to infectious beat of dangdut

Article Abstract:

Half of Indonesia's top-rated television programming features dangdut, a blend of Indian and Arab pop music that is sweeping the country. Consumer product companies are using the music to target lower-class markets. The advertising market in Indonesia topped $148 million in the first quarter of this year, a growth rate of 22%.

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Chandra Asri deal finalized

Article Abstract:

Indonesia has approved a $1.2 billion debt-restructuring package for petrochemical producer PT Chandra Asri in which creditor Marubeni Corp. of Japan will be paid back over 15 years. The Indonesian Bank Restructuring Agency will also trade $413.6 million of Chandra Asri's debt for a 31% stake in the company.

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