Indonesian investment

The Indonesian Investment Coordinating Board (BKPM) and the Algerian National Investment Development Agency (ANDA) have signed a much-awaited Memorandum of Understanding (MoU) to enhance cooperation in the investment sector.

"The MoU between the two investment coordinating agencies is the fruit of a longstanding process they have explored since a few years ago," Extraordinary and Plenipotentiary Ambassador of Indonesian to Algeria Ahmad Niam Salim said in an emailed statement on Tuesday.

The MoU was expected to enhance bilateral cooperation in economic and investment fields in support of the two nations’ welfare, he said. "Thank God, the MoU could be signed after a long process. This is the first MoU during my term of office as an extraordinary and plenipotentiary ambassador of Indonesian to Algeria and I hope this MoU will be followed by other MoUs."

The MoU was signed by BKPM Deputy Chief Achmad Kurniadi and ANDI Secretary General Khoiar Djouada on the sidelines of an expert meeting forum between the two countries at Mitsaq Hotel, Algeria, on Monday. Also present at the signing ceremony were Indonesian Ambassador to Algeria Ahmad Niam Salim, and head of the Indonesian delegation Roni P. Yulianto who is also the foreign ministry’s director for the Middle East.

Meanwhile, the Algerian side was represented by director for Asia at the foreign ministry Naceur Boucherit and a number of ANDI officials. Achmad Kurnia expressed hope the MoU would soon be followed up on by taking practical steps to mutually explore the possibility of business and investment cooperation in a more real way.

"This MoU is good news for Indonesian businessmen wishing to expand their businesses in Algeria. We hope that the two agencies will follow up on the MoU by taking technical steps in the investment field."

Astra international

Publicly listed diversified group PT Astra International Tbk (ASII) is planning to split the nominal value of its shares under a 1:10 ratio.

The proposal for stock split would be brought to an extraordinary meeting of the company’s shareholders in April or May for approval, Astra International Corporate Secretary Gita Tiffany Boer said during a public expose here on Tuesday. By splitting the shares, retail investors could afford to buy them and the company could increase the liquidity of its shares in the stock exchange, he said.

Last year, Astra International posted a net profit of Rp17.8 trillion, up 24 percent from Rp14.4 trillion the year before. The company plans to set aside part of its profit last year to pay a dividend of Rp1,380 per share.

PT Astra International currently controls 53.8 percent of the country’s automobile market. In the January-November 2011 period Astra International sold 438,111 units, more than a half of domestic car sales which reached 813,856 units, making it the country’s biggest retailer.

boxing

WBA Fly-weight Super Champion Chris John is to face Japanese boxer Shoji Kimora in a title fight at Marina Bay Sands in Singapore on May 5, a spokesman of his promotor said.

Chris’s opponent is 34 years old and has an orthodox boxing style, Fathan Rangkuti, media and promotion officer of Mahkota Promotions, said here Tuesday. At the same time and venue, IBO Asia Pacific fly-weight champion Daud Yordan would be fighting Philippine boxer Ramie Laput, he said.

"Daud’s opponent is 33 years old and also has an orthodox boxing style. He descended to bantam weight," Fathan said.

The contracts on Chris John’s and Daud Yordan’s matches had already been signed and what they now had to do was preparing themselves for the upcoming fights, he said. "Late February Chris John will leave for Australia to train at Herry’s Gym in Perth under supervision of his trainer Craig Christian."

When in the ring with Shoji Kimora, Chris John who is nicknamed The Dragon would be defending his title for the 16th time.

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