An Alfamart retail store in Jakarta (illustration)

Fitch: AA-(idn) for Alfamart's proposed 1 trillion IDR bonds

REPUBLIKA.CO.ID, JAKARTA/SYDNEY - Fitch Ratings has assigned 1 trillion IDR bonds proposed by PT Sumber Alfaria Trijaya Tbk's  'AA-(idn)'. The company is Indonesia-based small-format retailer known for its chain, Alfamart.  At the same time, the agency assigned an 'AA-(idn)' rating to Alfamart's 2 trillion IDR bond program. The proposed 1 trillion IDR bonds will be issued under this bond program. The...

Foxconn is a major supplier to Apple Inc. (illustration)

Foxconn to decide fate of Indonesia's project in Oct

REPUBLIKA.CO.ID, TAIPEI - Foxconn Technology Group would decide in October whether to proceed with a planned 1 billion USD manufacturing project in Indonesia after a new government took office, a company source said on Thursday. Foxconn, a major supplier to Apple Inc, wants to expand beyond China, where its massive production base has come under fire from international labour groups...