Malaysian Airline System Bhd. Chief Executive Officer Ahmad Jauhari Yahya was hired less than three years ago to steer the carrier into profitability. His mission has gotten harder as the national carrier hunts for a lost plane carrying 239 people.
Indonesia’s Bakrie family said it has all the funds needed to meet the original terms of a deal to exit the coal-mining venture it founded with Nathaniel Rothschild, a week after announcing it was $65 million short.
The absence of cash machines on many of Indonesia’s Spice Islands, where cloves and nutmeg once made sultans and European explorers wealthy, means banking is often done on boats that can carry automated teller machines.
Bumi Plc Chairman Samin Tan agreed to buy out Indonesia’s Bakrie family from the London-traded coal producer, setting him on course for a battle with financier Nathaniel Rothschild, who has vowed to oppose the plan.
At 7 p.m. on the Malaysian side of Borneo island, Luang Entiyang turns the dial on a transistor radio in search of an anti-government talk show as about a dozen villagers sit cross-legged on the floor waiting to listen.
PT Borneo Lumbung Energi & Metal, the Indonesian coking coal maker buying a stake in coal producer Bumi Plc from PT Bakrie & Brothers for $1 billion cash, will begin marketing a loan to finance the purchase to banks, according to a person familiar with the matter.