General Motors Corp. and Chrysler LLC plan for thousand jobs cut before march 31 and make new contract with labour. What about FORD, it does not need any help from Goverment. Automotives sales slumped for the worst in 26 years. Goverment uses Bailout to pay loans. At Closing Market oil price jump out into 42$. GOOD!!
Indonesian News
The Capital Market Supervisory Agency and Financial Institution Prosecute in indonesian said BAPENPAM execute The Suspected who failed to pay mortgage (Repurchase Agreement / REPO) shares PT Bumi Resources (BUMI) and PT Danatama Management with it is customers as Rp. 2.2 billion.
Debt restructuring, the majority of PT Bakrie & Bothers Tbk (BNBR) worth a total of U.S. $ 1.2 billion has been agreed with creditors. Completion of the scheme is estimated to be complete before 25 December 2008. Darmawan Nirwan Bakrie, while the owner of the Bakrie group, said Bakrie & Brothers debt restructuring agreement reached through a combination of installment payment and extension of maturity until several years into the future. Becarefull NOT BUY THIS KIND OF STOCKS A LOT OF DEBT!!
PT Bank Central Asia Tbk (BBCA) acquisition of 100% the Bank UIB shares with value Rp 248.3 billion. Nice for NEXT trade, as i said before BANK sector still cannot break down cup handle. It will go ups AT MONDAY!!!
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