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United Tractors Coal Sales Jumps 47%

United Tractors Coal Sales Jumps 47% 

JAKARTA, Indonesia Today - PT United Tractors (UNTR) Tbk sold 4.489 million tons of own coal last year, jumped 47%…

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Indomobil Injects More Capital into Central Sole Agency

Indomobil Injects More Capital into Central Sole Agency 

JAKARTA, Indonesia Today - PT Indomobil Sukses Internasional (IMAS) Tbk has boosted direct ownership in PT Central Sole Agency (CSA)…

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Sinar Mas Multiartha Targets $300 Million from Private Placement

Sinar Mas Multiartha Targets $300 Million from Private Placement 

JAKARTA, Indonesia Today - PT Sinar Mas Multiartha Tbk (SMMA), holding of Sinarmas Group, targets to raise US$300 million fund…

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KPK Pursues Further Investigation to Reveal Mastermind of Miranda Graft Case

KPK Pursues Further Investigation to Reveal Mastermind of Miranda Graft Case 

JAKARTA, Indonesia Today - After naming Miranda Swaray Goeltom, former senior deputy of Bank Indonesia, as graft suspect, The Corruption…

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KPPU Clears Asmin Bara Acquisition by Pamapersada

KPPU Clears Asmin Bara Acquisition by Pamapersada 

JAKARTA, Indonesia Today - The Business Competition Supervisory Commission (KPPU) declared that acquisition of PT Asmin Bara Bronang and PT…

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UFS Shares Soar 50% on Planned Reverse Takeover of Golden Energy Mines

UFS Shares Soar 50% on Planned Reverse Takeover of Golden Energy Mines 

SINGAPORE, Indonesia Today - Shares of United Fiber Systems (UFS) Ltd soar 50% on Singapore Exchange (SGX) this morning following…

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Flat Panel Display TV Boosts Electronic Sales in 2011

Flat Panel Display TV Boosts Electronic Sales in 2011 

JAKARTA, Indonesia Today - Electronic products sales grew 27% to Rp24.8 trillion in 2011, compared to Rp19.6 trillion in 2010,…

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EA Minerals Claims Strong Results from Miwah Gold Testing

EA Minerals Claims Strong Results from Miwah Gold Testing 

TORONTO, Indonesia Today - East Asia Minerals Corporation claims encouraging results of preliminary metallurgical testing at Miwah gold project, Aceh…

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Lundin to Drill Baronang & Cakalang Next Year

Lundin to Drill Baronang & Cakalang Next Year 

STOCKHOLM, Indonesia Today - Lundin Petroleum plans to commence drilling of Baronang and Cakalang fields next year.

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Latest News

Commodities & Tyre Lifted SP Corp Revenues

SINGAPORE, Indonesia Today - SP Corporation Ltd, subsidiary of Tuan Sing Holdings---controlled by Nursalim family, recorded revenue of $187 million in...

Mining | Saturday, 28 January 2012

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BCG: Internet Economy in G-20 to Reach $4.2 Trillion by 2016

DAVOS, Indonesia Today - The Internet economy of the G-20 is projected to reach $4.2 trillion in 2016 -- nearly do...

Internet | Saturday, 28 January 2012

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George Tahija Elected to Board of Trustees of Darden School

CHARLOTTESVILLE, Indonesia Today - Indonesian well-known businessman George S. Tahija has been elected to the Foundation Board of Trustees of Th...

People | Saturday, 28 January 2012

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Court Endorses Rescheduling of Aceh Elections

JAKARTA, Indonesia Today - The Constitutional Court (MK) has on Friday (January 27) finally endorsed a new schedule of elections of...

Politic | Friday, 27 January 2012

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Fitch Downgrades Berlian Laju Tanker's Ratings to 'C'

SINGAPORE, Indonesia Today - Fitch Ratings has downgraded Berlian Laju Tanker Tbk's (BLT) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) to ...

Bonds | Friday, 27 January 2012

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Fitch Upgrades XL Axiata's National Ratings & Affs International Ratings

JAKARTA, Indonesia Today - Fitch Ratings has upgraded PT XL Axiata Tbk's National Long-Term rating and the senior unsecured rating on...

Bonds | Friday, 27 January 2012

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Indolakto Holds Topping Off Ceremony for New Plant

  JAKARTA, Indonesia Today - Dairy industries manufacturer PT Indolakto, part of Indofood Nutrition (Indofood Group), held topping off ceremony for its...

Retail | Friday, 27 January 2012

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Two Options of Electricity Tariff Hike Proposed

Two Options of Electricity Tariff Hike Proposed

JAKARTA, Indonesia Today - Energy and mineral resources ministry prepares two options for electricity tariff hike starting April 2012. The…

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Bima Regent Revokes SMN Mining License, Widjajono Not Entirely Agree

Bima Regent Revokes SMN Mining License, Widjajono Not Entirely Agree

BIMA, Indonesia Today – Bima regent Ferry Zulkarnain has on Saturday (January 28) at 2 AM local time finally revoked…

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Pamapersada Coal Output Grows 11%, Overburden Soars 21.5%

Pamapersada Coal Output Grows 11%, Overburden Soars 21.5%

JAKARTA, Indonesia Today - PT Pamapersada Nusantara, mining contractor subsidiary of PT United Tractors Tbk (UNTR), reported coal production of…

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Labor Power Wins

Labor Power Wins

BEKASI, Indonesia Today - Tens of thousands workers from Bekasi, West Java staged a major rally on Friday (January 27)…

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Johan Lensa Sold 9.57% Modernland Shares

Johan Lensa Sold 9.57% Modernland Shares

JAKARTA, Indonesia Today - PT Bukit Makmur Widya, a company controlled by Johan Lensa---former shareholder of mining contractor BUMA, has…

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Chandra Asri Provides $120 Million for Butadiene Plant

Chandra Asri Provides $120 Million for Butadiene Plant

JAKARTA, Indonesia Today - Petrochemical company PT Chandra Asri Petrochemical (TPIA), controlled by Prajogo Pangestu, provides fund of US$120 million,…

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Vale to Appeal on $5.6 Billion Tax Dispute

Vale to Appeal on $5.6 Billion Tax Dispute

HONG KONG, Indonesia Today - Vale SA plans appeals to the higher courts of Brazil related to unfavorable rulings on…

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Komatsu Sales Soars 57%, Controls 49% Market

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JAKARTA, Indonesia Today - PT United Tractors (UNTR) Tbk, subsidiary of Astra International (ASII), reported Komatsu construction machinery sales soared 57% to 8,467 units last year.... Read more

Automotive News | Hatman Bintang | Saturday, 28 January 2012 | Hits: 49

Paramount Withdraws from Gunung Julang Gold Project

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SYDNEY, Indonesia Today - Paramount Mining Corporation Ltd has decided to withdraw from Gunung Julang gold project in Banten province... Read more

Mining News | Patrick Chang | Friday, 27 January 2012 | Hits: 40

Cement Demand to Grow 8.33% This Year, Association Says

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JAKARTA, Indonesia Today - Cement Producers Association (ASI) predicts demand for cement will grow 8.33% this year, with the consumption expected to reach 52 million tons, compared to 48 million tons in 2011, Bisnis Indonesia reported this morning.... Read more

Industries Latest News | Has GN | Friday, 27 January 2012 | Hits: 58

Nokia to Reduce Operating Expenses for Devices & Services

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ESPOO, Indonesia Today - Finland company Nokia continues to target to reduce Devices & Services non-IFRS operating expenses by more than EUR 1 billion for the full year 2013, compared to the recasted full year 2010 Devices & Services non-IFRS operating expenses of EUR 5.35 bi... Read more

Industries Latest News | Hans GN | Friday, 27 January 2012 | Hits: 44

Lundin Expects Extension of Singa Field

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STOCKHOLM, Indonesia Today - Sweden-based oil & gas company, Lundin Petroleum AG, expects Indonesian oil production to contribute up to 1,920 – 2,280 boepd in 2012, while it also expects license extension for its Singa Field, South Sumatera... Read more

Energy News | Hatman Bintang | Friday, 27 January 2012 | Hits: 51

Hoegh, PGN Sign Final Agreement for Belawan FSRU

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NORWAY, Indonesia Today - Norway-based Höegh LNG has officially signed a firm and final agreement with PT Perusahaan Gas Negara (PGAS) to provide an FSRU and mooring system offshore Belawan, North Sumatera by September 2013.... Read more

Energy News | Hatman Bintang | Thursday, 26 January 2012 | Hits: 87

Indomobil Boosts Ownership in Wahana Mobilindo

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JAKARYA, Indonesia Today - Automotive player PT Indomobil Sukses International Tbk (IMAS) had increased its ownership in PT Wahana Inti Central Mobilindo to 86.74% from previous 83.81%, aiming to strengthen the capital structure of its units.... Read more

Automotive News | Hans GN | Thursday, 26 January 2012 | Hits: 55

CBM Asia Acquires 80% Kalimantan Block from Tranaco

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VANCOUVER, Indonesia Today - CBM Asia Development Corp. has signed a Heads of Agreement with PT Tranaco Utama, a private Indonesian company that holds the first rights to undertake a production sharing contract (PSC) for a 1,500 square kilometre coalbed methane block in Kalimantan, Indonesi... Read more

Energy News | Ditto Levitt | Wednesday, 25 January 2012 | Hits: 89

PLN Identifies 96 Spots for Potential Hydro Power

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JAKARTA, Indonesia Today - Nur Pamudji, PT PLN’s President Director, claims that PLN has identified up to 96 spots of undeveloped potential for Hydro Power Plant (PLTA) across In... Read more

Energy News | Hatman Bintang | Wednesday, 25 January 2012 | Hits: 73

Nazaruddin's Former Staff Insists on Graft to Lawmakers

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JAKARTA, Indonesia Today - Yulianis, former vice director of Permai Group, a company controlled by graft suspect and former treasurer of Demokrat Party Muhammad Nazaruddin, testified before the court Wednesday (Jan 25) that there were Rp5 billion of fees for Angelina Sondakh (Demokrat lawmaker) and Wayan Koster (PDI-P lawmaker... Read more

Law Latest News | Indra Budiari | Wednesday, 25 January 2012 | Hits: 76

Panax Mulls Capital Raising Initiatives for Indonesian Geothermal Projects

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SYDNEY, Indonesia Today - Panax Geothermal, partner of Bakrie Group, is currently advancing a number of capital raising initiatives in regard to its portfolio of projects in Indonesi... Read more

Energy News | Patrick Chang | Wednesday, 25 January 2012 | Hits: 73

Gloucester Coal Output Jumps 149%, Sales Below Expectations

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SYDNEY, Indonesia Today - Gloucester Coal, subsidiary of Noble Group, reported coal production of 1.12 million tons in the quarter ended December 31, 2011, jumped 149% from the same period in 2010.&nb... Read more

Mining News | Patrick Chang | Wednesday, 25 January 2012 | Hits: 59

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Demokrat Leaders Demand Legal Certainty on Anas

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JAKARTA, Indonesia Today – Leaders of President SBY's Demokrat Party demand clarity of party chairman Anas Urbaningrum's involvement in graft cases surrounding former treasurer Muhammad Nazaruddin. Executives of Demokrat Party have pushed the Corruption Eradication Commission (KPK) to immediately give a legal certainty on Anas, especially in the high profile graft case of ... Read more

Politic Headlines | Haryanto Suharman | Friday, 27 January 2012 | Hits: 48 | COMMENTS

Three Names Proposed as Acting Governor of Aceh

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BANDA ACEH, Indonesia Today  - The Aceh House of Regional Representatives (DPR Aceh) has submitted three name of candidates of Aceh acting governor to President SBY.   Abdullah Saleh, member of DPR Aceh, revealed that the proposal has been sent few days ago. The three candidates, according to Abdullah, are: -       &... Read more

Politic Headlines | Haryanto Suharman | Thursday, 26 January 2012 | Hits: 70 | COMMENTS

Djoko Suyanto Might Replace Anas Urbaningrum, Media Reports

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JAKARTA, Indonesia Today - Rumors were swirling around the dismissal of Anas Urbaningrum as chairman of President SBY's Demokrat Party. National media speculated on Djoko Suyanto, coordinating minister of politics, law, and security affairs, as potential successor. Some national newspapers speculated today that the decision to replace Anas with Djoko has been tak... Read more

Politic Headlines | Haryanto Suharman | Wednesday, 25 January 2012 | Hits: 85 | COMMENTS

 

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