Asia Top News and Analysis Indonesia

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June. Facebook has faced a rough debut since its May initial public offering.

  • DUBAI, Oct 4- HSBC Holdings is to significantly scale back the presence of its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.

  • JAKARTA, Oct 4- Indonesian state-controlled lender PT Bank Tabungan Negara Tbk plans to raise up to 2.12 trillion rupiah from a rights offering in November, a company announcement published in Bisnis Indonesia newspaper on Thursday said. The firm plans to sell 1.51 billion rights and the indicative price range is 1,000- 1,400 rupiah per share.

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 mi llion us ers since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up more than 50 million users since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.

  • JAKARTA, Oct 4- Indonesia said on Thursday it would improve worker pay and restrict the use of temporary contracts in the face of a vow by union leaders, who staged a national strike this week, to press ahead with industrial action.

  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • JAKARTA, Oct 4- Indonesia raised 7.5 trillion rupiah worth of government bonds from an auction on Thursday, above a 5 trillion rupiah target, with yields falling amid strong demand, the debt office said. There were 18.83 trillion rupiah of incoming bids, compared to 11.9 trillion rupiah in a Sept 25 auction.

  • Indonesian retailer PT Modern International Tbk is looking to raise up to $92 million from a rights offering and shareholder placement in October, IFR reported on Thursday. Modern International plans to sell 959.7 million rights shares on a three-for-10 basis at an indicative price range of 450- 550 rupiah per share.

  • JAKARTA, Oct 4- Indonesia's foreign exchange reserves stood at $110.17 billion on Sept. 28, higher than $108.99 billion a month earlier, the central bank said on Thursday.

  • Macquarie Equity Research initiated coverage on retailer PT Sumber Alfaria Trijaya Tbk with' outperform' and a target price of 7,000 rupiah, saying the company is well-positioned to ride Indonesia's consumer wave.

  • Shares in Indonesia's PT Bhakti Investama Tbk, which saw a sharp rise in September, could reverse, technical charts suggest. The Trend Intensity indicator for the broadcaster's stock stood at 41 on Thursday. A reading above 40 is considered a trend-mature zone.

  • Bahana Securities said crude palm oil price may recover in the next few weeks as the current downturn is not sustainable, and it expects strong demand from India and China.

  • Indonesia's top phone distributor PT Erajaya Swasembada. has bought a 30 percent stake in mobile content provider Inovidea Magna Global from its owner Kingsville Union Ltd as part of its business expansion strategy. Erajaya bought the stake for 750 million rupiah, it said in a statement to the Indonesian stock exchange on Thursday.

  • Indonesia's top phone distributor PT Erajaya Swasembada. has bought a 30 percent stake in mobile content provider Inovidea Magna Global from its owner Kingsville Union Ltd as part of its business expansion strategy. Erajaya bought the stake for 750 million rupiah, it said in a statement to the Indonesian stock exchange on Thursday.

  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • OCBC Investment Research cut its target price for palm oil company Golden Agri-Resources Ltd to S $0.76 from S $0.81 and kept its' buy' rating, citing a larger-than-expected drop in crude palm oil prices. 10:09 STOCKS NEWS SINGAPORE- Maybank starts Hutchison Port at' buy'.

  • STOCKS TO WATCH> State-owned coal miner PT Bukit Asam Tbk will spend $580 million until 2016 to build infrastructure, including railway track, seaport and steam power plants, said CEO Milawarman.> State-controlled lender PT Bank Rakyat Indonesia Tbk.

  • SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.

  • LOWERING THE BAR: After years of rapid growth, Asia's developing economies now face much more modest prospects, the Asian Development Bank said Wednesday in a report that slashes growth forecasts for this year and next.