AsiaPulse News back issues from November 2003:
FOREX - AUSTRALIAN DOLLAR OPENS STRONGER - NOV 3, 2003.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - The Australian dollar opened the week in stronger territory, defying broad United States dollar strength over the weekend. At 0700 AEDT the Australian dollar was trading at .7075/80 compared with Friday's close of 0.7042/48. The local unit ...
AUSTRALIAN NEWSPAPER HIGHLIGHTS - NOV 3, 2003.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - Highlights of today's newspapers: THE DAILY TELEGRAPH - Hazel Hawke diagnosed with Alzheimer's Disease. - Key hospitals diagnosed as suffering from more patients than beds. - Matrix stars prepare for Sydney film ...
AUSTRALIAN MANUFACTURING INDEX RISES.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - The Australian manufacturing sector has been boosted in October by solid domestic demand, plus weak global demand and a higher Australian dollar, according to an economic index released today. The Australian Industry Group-PricewaterhouseCoopers ...
US GIANT DUKE ENERGY TO BEGIN SALE OF AUSTRALIAN UNIT.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - Duke Energy, a United States energy giant, is to reportedly open in 2004 bids for the $A1.5 billion ($US1.06 billion) sale of its Australian subsidiary. Investment bank JP Morgan will deliver potential buyers a "sale flyer" outlining the key financial ...
PETSEC ENERGY TO START CHINA DRILLING PROGRAM.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - Up to five wells in China's Beibu Gulf are to be drilled next month for the first time by junior explorer Petsec Energy Ltd (ASX:PSA). The explorer said today it expected to start new drilling programs in China and the Gulf of Mexico in December. ...
STOCKS - DSE REMAINS TRADELESS - NOV 3, 2003.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - The Delhi Stock Exchange remained tradeless today as most of the market players executed their transactions on other bourses for better liquidity. Marketmen said member brokers, retail investors and financial institutions avoided DSE and traded on ...
STOCKS - BSE CLOSES UP - NOV 3, 2003.
Nov 03, 2003 ... MUMBAI, Nov 3 Asia Pulse - Powered by euphoria over the credit policy that spelled out continued economic growth, the sensex today surpassed the 5000-magic mark for the first time in 42 months in a flurry of activity on the Stock Exchange, Mumbai (BSE). After closing the session ...
FOREX - US DOLLAR CHEAPER AGAINST RUPEE - NOV 3, 2003.
Nov 03, 2003 ... MUMBAI, Nov 3 Asia Pulse - The U.S. Dollar ended cheaper against the Rupee at Rs 45.32 per dollar and the Pound Sterling closed barely changed at Rs 76.75 per pound at ...
AUSTRALIAN FERTILISER CO SINKS INTO THE RED.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - Australia's Incitec Pivot Ltd (ASX:IPL), a listed fertiliser maker, has reported an $A18.623 million ($US13.13 million) net loss for the year to September 30, 2003, compared to an $18.526 million net profit the previous year. The firm today said it ...
KOREAN GOV'T TO REVISE CUSTOMS LAW TO FACILITATE LOGISTICS HUB.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - The South Korean government will revise current customs regulations to facilitate efforts to transform the country into a logistics hub for Northeast Asia, the Ministry of Finance and Economy said on Saturday. The bill, which is expected to be approved ...
S. KOREA'S MONTHLY EXPORTS POST ALL-TIME HIGH IN OCTOBER.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korea's offshore shipments marked a monthly record of US$19.03 billion last month on a customs clearance basis, beating the previous record of $17.15 billion in September, the Ministry of Commerce, Industry and Energy announced on Saturday. The ...
CHINA, N. KOREA 'SHARED WIDE SPECTRUM OF VIEWS': WU BANGGUO.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - Wu Bangguo, chairman of China's parliament, issued upbeat comments on the results of his recent visit to North Korea, the North's official broadcasting station reported Saturday. The (North) Korean Central Broadcasting Station said the Chinese leader, ...
NEGOTIATIONS AT HANJIN HEAVY FAIL AGAIN FTER UNIONIST'S SUICIDE.
Nov 03, 2003 ... BUSAN, Nov 3 Asia Pulse - Negotiations to resolve a month-long labor strike at Hanjin Heavy Industries and Construction Co. (KSE:003480) fell through for the third time, the company said Friday. The strike intensified after the company's union leader Kim Ju-ik hanged himself ...
INDIAN GOVT PUTS UP A BRAVE FRONT OVER RISING FISCAL DEFICIT.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - The Indian government has put a brave front over rising fiscal deficit, saying it will remain on target at 5.6 per cent of the GDP following improved revenue collection and expenditure control. "Fiscal deficit is expected to be contained at 5.6 per ...
STOCKS - AUSTRALIAN INDEX OPENS WEAKER - NOV 3, 2003.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - The Australian share market slid into negative territory at the open, as News Corp and key banking and resources stocks dragged down the bourse. By 1017 AEDT, the benchmark S&P/ASX 200 index fell 9.9 points to 3262.1, while the all ordinaries was down ...
INDIA NEEDS LOW-COST CARRIERS : A T KEARNEY.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - India needs a host of low-cost carriers, like in other countries, to enable more people to fly, global consulting firm A T Kearney said. Enterprising entrepreneurs should come forward and start low cost or "no-frills" carriers with active support ...
INDIA'S BANK OF BARODA POSTS 89.15% JUMP IN Q2 NET.
Nov 03, 2003 ... MUMBAI, Nov 3 Asia Pulse - Bank of Baroda (BSE:BOB) posted a 89.15 per cent jump in its net profit for the second quarter ending September 30, 2003 at Rs 2.6 billion (US$57.4 million) as compared to Rs 1.37 billion in the same period previous ...
INDIA'S CORPORATION BANK NET 25.1% IN H1.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - Corporation Bank (BSE:CRBK) reported a 25.1 per cent growth in its net profit at Rs 2.71 billion (US$59.8 million) for the first half of the current fiscal year compared to Rs 2.17 billion in April-September 2002. The bank's gross profit rose by ...
NO RISK OF BUBBLE ECONOMY FOR TAIWAN: PREMIER.
Nov 03, 2003 ... TAIPEI, Nov 3 Asia Pulse - Taiwan's economy will not become a bubble economy if the government's policies and programs can continue, according to Premier Yu Shyi-kun. Yu made the remarks while giving a speech at an award ceremony for outstanding businessmen in eastern Ilan ...
INDIA'S MARUTI POSTS US$27.36 MLN PROFITS IN Q2.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - India's largest car maker Maruti Udyog (MUL) (BSE:MRTI) on Friday reported robust net profits of Rs 1.24 billion (US$27.36 million) in the second quarter of this fiscal year on the back of 18 per cent sales growth. MUL, which is 54.2 per cent owned ...
INDIAN GOVT CONSIDERING OPEN BIDDING FOR ALLOCATION OF COAL BLOCKS.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - In a move aimed at opening the coal sector for private participation, the Coal Ministry is contemplating competitive bidding for allocation of mining blocks and permitting sale on a free market basis. Under the proposal, the ministry proposes to put ...
TAIWAN 2003 SOFTWARE PRODUCTION VALUE TOPS $US4.41BLN.
Nov 03, 2003 ... TAIPEI, Nov 3 Asia Pulse - The production value of Taiwan's software industry will top NT$150 billion (US$4.41 billion) for 2003, according to an industry source. Chou Shu-ling, a senior general manager at the Market Intelligence Center under the Institute for Information ...
SINGAPORE'S PRIME MINISTER OPTIMISTIC ON ASIA'S ECONOMY.
Nov 03, 2003 ... BOAO, Hainan, Nov 3 Asia Pulse - Singapore's Prime Minister Goh Chok Tong is optimistic about the future development of the economy in Asia, but he has warned the region not to pursue an isolation policy. Goh made the remarks when speaking at the plenary session of the annual ...
INDIA'S POWER FINANCE CORPORATION NET AT US$259 MLN IN H1.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - State-owned Power Finance Corporation (PFC) reported a net profit of Rs 11.74 billion (US$259 million) during the first six months of current fiscal year, a massive jump in profits compared to last year, which is largely due to change in method of accounting. ...
INDIAN ECONOMY TO GROW 7.1% FISCAL DEFICIT AT 5.8% OF GDP: CRISIL.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - In line with other rating agencies and economic organisations, credit rating agency CRISIL Friday forecast over 7.1 per cent economic growth in the wake of an excellent monsoon but warned that the fiscal deficit would overshoot the target besides lower export ...
SINGAPORE FIRM TO INVEST IN NORTH KOREA'S INDUSTRIAL PARK.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - A leading Singaporean construction company is pushing to invest in North Korea's ambitious industrial park project now under way in the border city of Kaesong, its South Korean partner said Sunday. Kim Yoon-kyu, president and CEO of Hyundai Asan Corp., ...
KOREAN NEWSPAPER HIGHLIGHTS - NOV. 3, 2003.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - Highlights of today's newspapers: KYUNGHYANG DAILY NEWS - Roh urges far-reaching investigation into presidential campaign funds KUKMIN DAILY - Accurate picture of political funds should be revealed:Roh SEGYE ...
KOREAN DEP PM PROMOTES ECONOMIC COOPERATION AT HAINAN FORUM.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - Deputy Prime Minister and Minister of Finance and Economy Kim Jin-pyo promoted South Korea's business prospects and pledged closer cooperation with neighbors at this year's Boao Forum, the finance ministry said on Sunday. Kim's keynote speech at the ...
KOREAN LIFE INSURERS SEE 30-PCT FALL IN FIRST-HALF NET PROFIT.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korea's insurance companies sustained steep falls in profits in the first half of the 2003 fiscal year, reeling from substantial reductions in new contracts and massive typhoon-related losses, a report said on Sunday. The nation's life insurers ...
INDIA'S HERO HONDA SALES UP 21% IN OCTOBER.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - Hero Honda Motors (BSE:HROH) recorded a 21 per cent rise in its motorcycle sales in October 2003 to over 200,000 units from 1,65,066 units in the same month last year. The October sales stood higher by 27 per cent as compared to 1,57,583 motorcycles ...
AUSTRALIA'S LIVE SHEEP EXPORTS HIT 12 YEAR LOW.
Nov 03, 2003 ... CANBERRA, Nov 3 Asia Pulse - Australia's live sheep exports have plunged to a 12-year low in the wake of the MV Cormo Express affair. Meat and Livestock Australia (MLA), in its weekly report on the industry, said exports of sheep dropped more than 55 per cent in September to ...
LIVING MEDIA CHIEF FAVOURS FDI HIKE IN INDIAN NEWS BUSINESS.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - Questioning the media houses which oppose foreign direct investment, Living Media chief Aroon Purie on Friday asked the federal government to raise the foreign direct investment (FDI) limit in news and current affairs to 49 per cent from 26 per cent allowed at ...
KOREAN FIRMS' EPS LIKELY TO GROW MOST IN ASIA NEXT YEAR: SURVEY.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korean companies' average earnings per share (EPS) are forecast to grow by 33.4 per cent next year, the highest rate in Asia and third-highest in the world, according to a financial survey report released on Saturday by Thomson Financial, a global provider ...
AUSTRALIAN ECONOMY POWERS THROUGH SEPT QUARTER.
Nov 03, 2003 ... SYDNEY, Nov 3 Asia Pulse - Australia's economy powered forward in the September quarter as a host of previously negative impulses went into reverse, according to the latest AAP indicator. The AAP economic indicator for November showed gross domestic product (GDP) was likely to ...
INDIA'S ICICI BANK NET UP 32.23% IN Q2.
Nov 03, 2003 ... MUMBAI, Nov 3 Asia Pulse - ICICI Bank (BSE:ICBK) has reported a 32.23 per cent rise in consolidated net profit at Rs 3.61 billion (US$79.65 million) for the second quarter ended September 30, 2003, compared to Rs 2.73 billion in same period previous fiscal year. Total income on ...
KOREAN LOCAL GOVTS ENERGETICALLY SEDUCING VENTURE FIRMS.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - One afternoon in June, a fire-fighting helicopter landed at the parking lot of CreaGene Inc., a biotech venture firm in Daedeok Techno Valley in the middle of South Korea. Some men in suits hurriedly got out of their sedan and into the helicopter, even though ...
THAI NEWSPAPER HIGHLIGHTS - NOV 3, 2003.
Nov 03, 2003 ... BANGKOK, Nov 3 Asia Pulse - Highlights of today's newspapers: THE BANGKOK POST: - Thai Airways International Plc has embarked on an internal morale-boosting programme to help it regain its position as Asia's No.1 airline. - Economic growth was steady in ...
HONG KONG NEWSPAPER HIGHLIGHTS - NOV 3, 2003.
Nov 03, 2003 ... HONG KONG, Nov 3 Asia Pulse - Highlights of today's newspapers: THE STANDARD: - Chief Executive Tung Chee-hwa has warned Asian leaders attending the Boao Forum that they were in danger of forgetting the painful lessons learned during the Asian financial crisis of ...
ECONOMIC ENVIRONMENT FOR SMES REMAINS WEAK IN KOREA.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - The economic environment for smaller companies has hit its lowest ebb in 13 months, the Korea Federation of Small and Medium Business (KFSB) saidy. The federation said its estimate was based on the latest small-business health index (SBHI), which showed ...
KOREA TO DEVELOP FLIGHT DATA RECORDERS FOR SMALL PLANES BY 2005.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korea will take steps to develop and produce the flight data recording devices known as black boxes for small aircraft, the Ministry of Construction and Transportation said on Sunday. The project is part of an ongoing effort to acquire key ...
2003 KOREA MACHINERY FAIR TO OPEN IN SEOUL TODAY.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - The 2003 Korea Machinery Fair (KOMAF) is to begin in Seoul today, featuring the latest systems and technologies in the machinery industry, its organizers said. KOMAF, a biennial international exhibition of capital goods organized by the Korea ...
S. KOREA TO DEVELOP DOMESTIC FLIGHT DATA RECORDERS BY 2005.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korea will take steps to develop and produce the flight data recording devices known as black boxes for small aircraft, the Ministry of Construction and Transportation said. The project is part of an ongoing effort to acquire key technologies ...
EISTREAM EXECUTIVES TOUR CHINA, HONG KONG, TAIWAN.
Nov 03, 2003 ... (Full text of a statement, contact details below) DALLAS, Texas, Nov. 3 /PRNewswire-AsiaNet/ - A team of eiStream, Inc. executives is touring Asia after a series of groundbreaking contracts - totalling more than $1 million (USD) - for implementing the company's innovative ...
DELHI SE SETS RECORD BY REMAINING TRADELESS ON DIWALI.
Nov 03, 2003 ... NEW DELHI, Nov 3 Asia Pulse - The Delhi Stock Exchange witnessed another tradeless week ending October 31 as most of the market participants executed transactions on the country's other bourses. Marketmen said member brokers, retail investors and financial institutions avoided ...
FANNIE MAE ANNOUNCES REDEMPTION.
Nov 03, 2003 ... (Full text of this release can be found at http://www.asianet.com.au) WASHINGTON, D.C., Oct. 31 /PRNewswire-FirstCall-AsiaNet/ - Fannie Mae (NYSE: FNM) will redeem the principal amount indicated of the following securities issues on the redemption date indicated below at a ...
WESTRAC APPOINTED AS CATERPILLAR DEALER FOR NSW AND ACT.
Nov 03, 2003 ... PEORIA, Ill., Oct. 31 /PRNewswire - AsiaNet/ - Caterpillar Inc. (NYSE: CAT) has appointed WesTrac as its new dealer for New South Wales and the Australian Capital Territory in Australia to be effective on April 9, 2004. In addition, WesTrac is the Caterpillar dealer for the Western ...
TALKS ESSENTIAL TO HELP EASE KOREAN TENSIONS: FORUM.
Nov 03, 2003 ... SEOGWIPO, South Korea, Nov 3 Asia Pulse - A group of local and foreign experts on Korean affairs said on Saturday that successful six-party talks over North Korea's nuclear weapons program are essential to keeping peace and prosperity in Northeast Asia. In a 10-point joint press ...
FRAPORT GROUP SEES Q3 GROWTH DESPITE SLOWING ECONOMY.
Nov 03, 2003 ... (Full text of this release can be found at http://www.asianet.com.au) FRANKFURT, Oct. 31 /newsaktuell-AsiaNet/ - Fraport AG Frankfurt Airport Services Worldwide reported increases in all traffic categories for the third quarter. Well over 22.4 million passengers used the ...
KOSPI GAINING MOMENTUM, SET TO PASS 800 LEVEL: ANALYSTS.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - Korean stock markets are projected to rally this week, with the main market exceeding the 800-point level, analysts said. The forecast is based on expectations that government measures against real estate speculation will boost local stock markets and ...
SOUTH KOREA'S SAEHAN INDUSTRIES TO WRITE DOWN CAPITAL AT 3:1.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korean textile maker Saehan Industries (KSE:008000)said Friday it would reduce its capital at a ratio of three shares to one to improve its financial structure. The capital write-down will reduce the company's total shares outstanding to some 44.8 ...
VALEO STRENGTHENS PRESENCE IN CHINA.
Nov 03, 2003 ... (Full text of a statement, contact details below) PARIS, Oct. 30 /PRNewswire-AsiaNet-AsiaNet/ - Valeo, one of the first automotive suppliers to enter the Chinese market, today announced the construction of a new technical center in Wuhan to develop advanced automotive products ...
KOREA'S KORAM BANK SAYS IT CAN'T CONFIRM POSSIBLE STAKE SALE.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - South Korea's KorAm Bank (KSE:16380) said it wasn't able to confirm whether its largest shareholder, The Carlyle Group, intends to sell its entire stake in the bank. In a regulatory filing, the nation's sixth biggest lender said the stake sale was ...
CARLYLE SEEKS TO SELL ITS CONTROLLING STAKE IN KORAM BANK.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - U.S. investment fund The Carlyle Group is accelerating efforts to sell off its controlling 36.6-percent stake in KorAm Bank (KSE:16830), banking industry sources said Friday. Carlyle, the biggest shareholder of South Korea's sixth-largest commercial ...
KOREAN DPM DEFENDS LATEST REAL ESTATE PRICE CONTROL POLICY.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - Deputy Prime Minister and Minister of Finance and Economy Kim Jin-pyo stressed on Friday that the government's latest real estate price control policy was not "weak," and expressed confidence in its ability to bring results. Speaking at a meeting ...
ANALYSIS - NEW TRENDS IN FOREIGN INVESTMENT APPEARING IN CHINA.
Nov 03, 2003 ... BEIJING, Nov 3 Asia Pulse - Foreign investment in China had been affected by the outbreak of the severe acute respiratory syndrome (SARS) in the early period of this year. After that, there have been new trends appearing in foreign investment in China. While the investment in ...
STOCKS - KOSPI OPENS SLIGHTLY HIGHER - NOV 3, 2003.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - The Korean share market started higher today, ...
CHINA'S TEXTILE INDUSTRY FACES MIXED FUTURE.
Nov 03, 2003 ... BEIJING, Nov 3 Asia Pulse - Although the growth of China's textile industry is likely to slow down in the second half of this year, it is still estimated to run at 10 per cent and above for the whole year as the world economy recovers and China's economy enters a new cycle of rapid ...
TAIWAN RELIES TOO HEAVILY ON MAINLAND CHINESE MARKET: CEPD OFFICIAL.
Nov 03, 2003 ... TAIPEI, Nov 3 Asia Pulse - An official of the Council for Economic Planning and Development (CEPD) of the Executive Yuan yesterday said that Taiwan is relying on the mainland Chinese market too heavily, and that it would be wise for Taiwan businessmen to diversify into other markets. ...
INDONESIAN GOVT URGED TO CUT DUTY ON COMPUTER COMPONENTS.
Nov 03, 2003 ... JAKARTA, Nov 3 Asia Pulse - Indonesian computer assemblers have renewed calls for the government to abolish a 5 to 10 per cent duty on imported computer components to enable them to compete with foreign rivals. "Even though the call takes long time to materialize, the ...
INDONESIA'S APP, CREDITORS SIGN MRA ON US$6.7 BLN DEBT.
Nov 03, 2003 ... JAKARTA, Nov 3 Asia Pulse - The Indonesian Bank Restructuring Agency (IBRA), PT Asia Pulp and Paper (APP) and its creditors have signed a Master of Restructuring Agreement (MRA) on APP's debts totaling US$6.7 billion. A spokesman of IBRA, Rohan Hafas, said the signing of the MRA ...
CHINA TO MAKE DEVELOPMENT MORE SUSTAINABLE: PREMIER WEN.
Nov 03, 2003 ... BEIJING, Nov 3 Asia Pulse - Premier Wen Jiabao affirmed China's adherence to the principles of sustainable growth during its industrialization and modernization drive and said his government has set guidelines for China's endeavor to build a better-off society, which focuses on an overall, ...
PHILIPPINE NEWSPAPER HIGHLIGHTS - NOV 3, 2003.
Nov 03, 2003 ... MANILA, Nov 3 Asia Pulse - Highlights of today's newspapers: THE MANILA TIMES: - Banks in the country need to improve their lending practices, are still expensive to run, and require more capital, according to the Bangko Sentral ng Pilipinas (BSP). - ...
FOREX - US DOLLAR OPENS STRONGER VS KOREAN WON - NOV 3, 2003.
Nov 03, 2003 ... SEOUL, Nov 3 Asia Pulse - The US dollar opened at 1,186.50 ...
JAPAN GOVT TENDER - ROAD INFORMATION SYSTEMS.
Nov 03, 2003 ... *** ASIA PULSE TENDER *** MINISTRY OF LAND, INFRASTRUCTURE AND TRANSPORT, KAGAWA TO PROCURE ROAD INFORMATION SYSTEMS The following procurement notice appeared in the Kanpo Japanese government gazette on Oct 31, 2003 Summary (1) Classification ...
INDONESIA'S BNI SETS ASIDE US$110.7 MLN DUE TO PROBLEMATIC L/CS.
Nov 03, 2003 ... JAKARTA, Nov 3 Asia Pulse - State bank BNI 1946 has set aside Rp941 billion (US$110.7 million) as asset reserves in anticipation of losses caused by the irregular issuance of 41 letters of credit totaling Rp1.7 trillion at its Kebayoran Baru branch in South Jakarta. "Given the ...