JAKARTA, Indonesia—An expanding middle class in Indonesia, one of the world’s largest cigarette markets, will give a lift in the years ahead to PT Hanjaya Mandala Sampoerna HMSP0.00%increase ...

Per media reports, Philip Morris International Inc. PM is selling part of its stake in its Indonesian unit — PT HM Sampoerna Tbk (“Sampoerna”). The tobacco maker currently holds a 98.18% ...

JAKARTA -- Philip Morris International Inc. said it will spend as much as $5.2 billion to take over Indonesia's third-largest cigarette maker by sales, PT Hanjaya Mandala Sampoerna, in a deal ...