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January 17, 2008 |
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ANEKA TAMBANG: Upgrades Corporate Family Rating to Ba3 Moody's Investors Service has upgraded PT Aneka Tambang (Persero) Tbk's corporate family rating to Ba3 from B1. This concludes the review for possible upgrade which commenced on October 22, 2007. At the same time, PT Moody's Indonesia has assigned... Read More |
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CHINA EASTERN: Says No Further Comment on Air China Tie-Up China Eastern Airlines said on Tuesday that it would make no further comment regarding a tie-up with Air China before any detailed proposal, Reuters reports. "The market is waiting to see what Air China can bring to the table. There is no point... Read More |
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EXCELCOMINDO PRATAMA: 40 Firms Interested to Buy Stake in Unit Around 40 companies showed interest in buying PT Exelcomindo Pratama Tbk's unit, which specializes in handling all the base transceiver station towers that belong to the telecommunication operator company, Tempo Interactive News reports. According... Read More |
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FORD MOTOR: Appoints Mr. Osborne as New President of AU Unit Ford Motor Australia appoints a new president as it moves to play a bigger role in the automaker's global operations, the Australian Associated Press reports. According to the report, Bill Osborne, 47, who is currently the chief executive officer... Read More |
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JIANGXI COPPER: Will Purchase Parent's Assets to Boost Profit Jiangxi Copper Co. plans to buy assets from its parent -- Jiangxi Copper Group -- to boost faltering profits and asked for shares to be suspended in Shanghai and Hong Kong starting January 16 pending further announcement, Xiao Yu writes for Bloomberg... Read More |
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LAFAYETTE MINING: To File Petition for Rehab, Not Bankruptcy Lafayette Mining Ltd. said that its Rapu Rapu Group is filing a petition for rehabilitation, not bankruptcy as reported by the media, The Philippine News Agency reports. According to the report, legal counsel of Lafayette Philippines, Bayani Agabin,... Read More |
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NFC FERTILIZER: Court to Hear Rehab Petition on February 8 The Central Bankruptcy Court of Thailand has ordered a second hearing on February 5, 2008, for SC Management Co. Ltd.'s petition to put NFC Fertilizer PCL under business rehabilitation. The company's management is one of the shareholders of SC... Read More |
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SHIMAO PROPERTY: Moody's Revises Rating Outlook to Negative Moody's Investors Service has changed the outlook for Shimao Property Holdings Limited's Baa3 issuer and bond ratings to negative from stable. This rating action follows Shimao's announcement that it has acquired new property projects in Hangzhou... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
