Archive for the ‘Latest News’ Category

Sumitomo to make Indian truckmaker Swaraj Mazda subsidiary

Monday, January 5th, 2009 Japan's Sumitomo Corp. (TSE:8053) will raise its stake in midsized Indian commercial vehicle maker Swaraj Mazda Ltd. to 53.5 per cent, turning the company into a subsidiary.

S. Korean firms to invest US$7 bln in energy development in 2009

Monday, January 5th, 2009 South Korean companies are planning to increase overseas investment on energy development projects this year by over 20 per cent despite ongoing financial instability and a rapid economic downturn, the government said Monday.

Taiwan to invest US$26 bln over 4 yrs to rev up economy

Monday, January 5th, 2009 Premier Liu Chao-shiuan said the government plans to invest NT$858.5 billion (US$26 billion) over the next four years in Taiwan's economy and provide NT$1.1 trillion in credit facilities to local businesses in a bid to turn around the contracting economy.

Winner Sam Shepard arrested for drunken driving

Monday, January 5th, 2009 OANA) - Sam Shepard, U.S. actor and playwright, was arrested in early Saturday in central Illinois and charged with speeding and drunken driving, local police said as quoted by media reports Sunday.

Le Guen takes cup revenge, Marseille squeeze through

Monday, January 5th, 2009 Paris Saint Germain coach Paul Le Guen finally took revenge on his French Cup jinx club in their 1-0 victory at Montlucon on Sunday.

Indonesian lawmaker jailed for eight years for bribery

Monday, January 5th, 2009 Indonesia's powerful anti-corruption court found a lawmaker guilty of bribery and extortion Monday, sentencing him to eight years in prison.

President Yudhoyono opens first-day stock Trading in 2009

Monday, January 5th, 2009 President Susilo Bambang Yudhoyono here Monday came to the Indonesian Stock Exchange (BEI) building and officially opened share trading at 9.30 am local time.

President Yudhoyono opens first-day stock trading in 2009

Monday, January 5th, 2009 President Susilo Bambang Yudhoyono here Monday came to the Indonesian Stock Exchange (BEI) building and officially opened share trading at 9.30 am local time.

Jakarta stocks open higher on Wall Street`s gain

Monday, January 5th, 2009 The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) opened 1.63 percent higher on Monday morning, the first trading session in 2009.

Rupiah up 50 points in lucklustre trade

Monday, January 5th, 2009 The rupiah strengthened against the US dollar in the Jakarta interbank spot market on Monday morning, as some market players were still not active in the money market.