PLN, the state power company, has been trying to encourage private-sector investment, but subsidised electricity acts as a disincentive.

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Key state companies now have new CEOs, among them oil giant Pertamina, power monopoly PLN and Bank Nasional Indonesia.

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The suit was filed by Alex Friedmann, managing editor of Prison Legal News (PLN), a nonprofit monthly publication that reports on criminal justice-related issues.

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Emerging market currencies have mostly led the way lower in the overnight session, with the PLN and HUF losing ground against the EUR and ZAR under pressure against the U.S. dollar.

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In local rates, we find value in the front end of the curves where monetary easing is underpriced (such as Mexico MXN, Chile CLP, Brazil BRL, South Korea KRW and Poland PLN).

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As this issue of PLN goes to press, CCA has not indicated whether it will file an objection to the resolution with the Securities and Exchange Commission (SEC), as the company did in response to a shareholder resolution filed by Friedmann in 2011 that asked CCA to report on its efforts to reduce prisoner rape and sexual assaults in its for-profit facilities.

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