The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
SINGAPORE & LONDON, 11 January 2016 - CNBC, First in Business Worldwide, and PT Trans Media Corpora are pleased to announce a strategic partnership that will see the creation of CNBC Indonesia, a dedicated business and financial TV and digital news service. The service, in Bahasa Indonesia, will bring CNBC's unrivalled content to the growing business community in South East Asia's largest economy and the world's fourth most populous country.
The partnership was signed in Jakarta by Mark Hoffman, Chairman of CNBC and Chairul Tanjung, Founder & Chairman of PT Trans Media Corpora's parent company, CT Corp.
"This collaboration with Trans Media is a strong addition to the suite of strategic partnerships underpinning CNBC's emerging markets strategy. We are pleased to bring CNBC's unique and robust content proposition to millions of Indonesians in their local language, further opening the world of international business and finance to a growing economic powerhouse, " said Hoffman.
"The primary objectives of the CNBC Indonesia venture are to facilitate global business conversations in Bahasa Indonesia, to educate our growing middle class, and to facilitate better information flow for decision making. This will help realize the full potential of the capital markets and businesses, accelerating the economic development of Indonesia," added Tanjung.
Specific launch dates for the digital and TV services are expected to be announced later this year.
Communications Manager, CNBC Asia Pacific
D: +65 6326 1123
M:+65 9852 8630
A Hadiansyah Lubis
Vice President Marketing Public Relations, PT Trans Media Corpora
D:+62 21 7917 7000
M:+62 823 0823 9021
CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with three regional networks including CNBC in Asia, CNBC in EMEA and CNBC in the US. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. CNBC is dedicated to CEOs, senior corporate executives; the financial services industry and private investors. The channel is available in 386 million homes worldwide. CNBC is a division of NBCUniversal.
For more information on CNBC, please visit www.cnbc.com
About Trans Media Corpora
PT Trans Media Corpora (Trans Media) is Indonesia's leading integrated media group. It consists of Trans TV and Trans 7, leading free-to-air television stations; TransVision, the second largest pay TV operator in terms of number of subscribers; Detik, the #1 online news portal; and CNN Indonesia.