Indonesia court rejects Astro unit Measat Broadcast Network move for RM995.58mil award

Astro says with the court decision, the awards remain unenforceable in Indonesia.

KUALA LUMPUR: Astro Malaysia Holdings Bhd’s unit Measat Broadcast Network Systems Sdn Bhd has failed to enforce a US$303mil (RM995.58mil )award against PT First Media Tbk, PT Direct Vision and PT Ayunda Prima Mitra in Indonesia.

Astro said yesterday the Supreme Court of Indonesia had dismissed its appeal against the Central Jakarta District Court’s (CJDC) decision which had rejected the claimants’ application to enforce the award.