Bank Internasional Indonesia (BII) gave an IDR 1.5 trillion loan to state-owned airport operator Angkasa Pura II to finance renovations at airports (including Soekarno-Hatta International Airport). The airport operator is still in search of loans from other financial institutions.

Kalbe Farma, the largest pharmaceutical company in Indonesia, expressed its interest in the purchase of shares of Phapros (subsidiary of Rajawali Nusantara Indonesia) during the IPO of Phapros (planned for 2015).

Sri Rejeki Isman (SRIL), better known as Sritex, will use USD $159 million to finance business expansion up to 2015. Part of these funds will originate from the issuance of global bonds. The company also stated that it targets exports of IDR 3.82 trillion in 2014, up from IDR 3.06 trillion export in 2013.

Siloam International Hospitals, the biggest private hospital operator in Indonesia, aims to spend IDR 600 billion for the establishment of three new hospitals in Medan (Sumatra), Kupang (West Timor) and Yogyakarta (Java) in the fourth quarter of 2014.

Indonesia-focused coal miner Asia Resource Minerals (AMRS) postponed a USD $450 million bond issue because of adverse market conditions.

A Bank Indonesia survey shows that annual retail sales growth in Indonesia slowed in June 2014 compared to the previous month amid weakening growth for food items, beverages and tobacco as well as vehicle fuel. Retail sales grew 8.6 percent from June (year-on-year), slower than a revised 14.7 percentage point growth in May. The June growth was the slowest since August 2013.

• Bumi Resources, Asia’s most indebted coal miner, sent a letter to bondholders seeking to extend the notes’ maturity to April 2018, and lower the coupon to six percent from 9.25 percent. The debt was originally due August 5, and the company has a grace period, which expires today.

Up to 8 August 2014, the Indonesian government collected IDR 548.06 trillion worth of tax, or, about 51.1 percent of this year’s tax revenue target as set in the 2014 State Budget.

Japan-based consumer goods conglomeration Kao Corporation announced its plan to invest up to IDR 4.57 trillion yen in Indonesia and Thailand in the period 2015 to 2018.

Starting this week, Garuda Indonesia increased flight frequency between Jakarta to Kuala Lumpur (Malaysia) from two daily flights to three flights due to passenger demand.

Prosecutors demand a 10 years’ imprisonment for suspended Banten Governor Ratu Atut Chosiyah, who is accused of having bribed a judge in the Lebak election dispute.