Berita Online Blog

Jakarta has rejected Kuala Lumpur`s offer to export chickens because Indonesia still could step up its poultry products to meet its own needs, a senior official said.

Bank Indonesia (BI) will issue a policy for reducing bank lending rates after banks have proven to be willing to lower them only by an average of 85 basis points, a spokesman said here on Friday.

Inching closer to its first ever global buyout, India's state-owned BSNL has entered the second round of bidding to acquire a majority stake in Zambia's leading telecom company Zambia Telecommunications Ltd (Zamtel).

Rio Tinto Ltd (ASX:RIO) has reported a big jump in fourth quarter global iron ore production and set a new record in sales of the bulk commodity for the period, exceeding expectations.

Lotte Group, a South Korean conglomerate, is considering buying the discount and department store units of GS Retail Co., industry sources said today.

Indonesian Industry Minister M.S. Hidayat said the government will asked Nippon Steel to build a special steel factory in Indonesia. "A special steel factory would strengthen the country's steel industry structure and reduce dependence on imports," Hidayat said yesterday.

The Thai economy is expected to grow at an accelerating rate this year if the prolonged political conflicts ease, according to a top banker. Bantoon Lamsam, Kasikornbank's chief executive officer, said political developments are considered a key factor to Thailand's economic growth in 2010.

Two Australian mining companies in northwest Queensland face charges over their alleged mismanagement of contaminated wastewater.

Net international direct investments in Turkey were down 59.2 per cent in the first 11 months of 2009 over the same period of 2008, the Treasury Undersecretariat said on Wednesday.

Dong-A Pharmaceutical Co. (KSE:000640), a South Korean drugmaker, is considering building a new plant in the second half of the year to increase its production capacity, industry sources said today.