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NEWS UPDATES Asean Affairs     30 June  2016  

Bakrie group revives plan to sell 10% shares in TV station

Bakrie Group has restarted its strategic plan to sell around 10 percent shares in its free-to-air television station ANTV, aiming to pocket Rp 1.3 trillion (US$98.75 million).

Visi Media Asia (Viva) as the holding company of Intermedia Capital, which operates ANTV, will divest the 10 percent shares it currently holds. The proceeds will be used to pay Viva's debts of Rp 3.21 trillion.

"The management is currently calculating and formulating the plan. We are currently in the discussion stage," Viva president director Anindya Novyan Bakrie told on Tuesday in Jakarta.

The plan has been officially revived three years after Bakrie failed in negotiating the share sales with MNC group.

"We will inform you soon after the purchase has been settled," Anindya said.

Despite the shares sale plan, Bakrie will maintain position as it controls 90 percent of shares in Intermedia Capital. Other than ANTV, it controls another free-to-air news TV station, TV One, and an online news portal,

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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