Indonesia

PT Mandiri Sekuritas will underwrite bond issuances for six companies coming from various sectors in the fourth quarter of the year.

Indonesia's Capital Market and Financial Services Supervisory Agency has revoked the operating license of five fund brokerage firms.

Indonesia will raise money for infrastructure development by reallocating dormant hajj funds from the Finance Ministry into project-based sukuk.

Lippo Karawaci is drawing private equity firms on its possible sale of as much as 49 percent of its unit Siloam Hospitals.

Indonesia's mutual fund industry is expecting less volatile financial markets and strong demand from retail investors to fuel a second half surge.

PT BNP Paribas Investment Partners sees the amount of assets it manages in Indonesia increasing this year despite a decline in JCI.

A new mutual fund product could increase CIMB Niaga's assets under management by 20 percent to Rp 5 trillion or US$529 million this year.

The Indonesian government has issued Rp 120 trillion or $12.84 billion in sukuk, over the past four years, for what the Finance Ministry calls an "excessive" demand.

RHB Capital hopes to play a bigger role in the Indonesia market after it acquires Bank Mestika.

Eastspring Securities Investment Trust is boosting its holdings of bonds in Indonesia and South Korea.

Indonesia may increase the issuance of its retail Islamic debt papers after seeing strong demand from local individual investors.

Goldman is eyeing other Indonesian brokerages after being elbowed out by rival Morgan Stanley in a race to buy a brokerage seat in Indonesia.

JP Morgan Chase Bank sold five million of its shares in PT Citra Marga Nusaphala.

CIMB-Principal paid out a total of US$14.4 million in distributions for 12 of its 54 trust funds.

Indonesia will issue $223.59 million of project-based sukuk in the first half.

Equity funds are expected to gain 12 to 15 percent in 2012, versus an 0.8-percent loss  last year.