Breaking News:

9:40:32 pm CDT PM

Friday, 18 May 2012

SINGAPORE, Indonesia Today - Tiger Airways Holdings Ltd, partner of Saratoga Investama in Mandala Airlines, posted net loss of $104.3…

Cardig Aero Q1 Profit Grows 27%

JAKARTA, Indonesia Today - PT Cardig Aero Services Tbk (CASS) booked net profit of Rp42.58 billion in the first quarter…

Mewah International Boosts Ownership in Indonesian Units

SINGAPORE, Indonesia Today - Mewah International Inc has increased its equity stake in subsidiaries in Indonesia, namely PT Mas Sejahtera,…

Buton Block's Benteng Prospect Drilling Result Expected for Early June

LONDON, Indonesia Today - Premier Oil have program of around 12 exploration and appraisal wells, including the Benteng wells, Indonesia, which…

Indus Capital Controls CBM Asia

VANCOUVER, Indonesia Today - Indus Capital Partners LLC acquires a 9.7% interest in CBM Asia Development Corp. and become majority…

Avillion Hotel Expands in Indonesia

KUALA LUMPUR, Indonesia Today - Avillion Hotel Group Sdn Bhd (AHG) and Avillion Hotels International Sdn Bhd (AHI), both wholly…

Buana Finance Bags Rp125 Billion Loan from 2 Banks

JAKARTA, Indonesia Today - Consumer financing company PT Buana Finance Tbk (BBLD) has secured Rp125 billion loan from 2 banks.

Volvo's UD Trucks Jumps 143% in Indonesia

GOTEBORG, Indonesia Today - Volvo Group's truck operations reported a 4% decrease of deliveries to 18,497 vehicles worldwide last month.…

Medco Energi Offers Rp1.5 Trillion Bond

JAKARTA, Indonesia Today - PT Medco Energi Internasional Tbk (MEDC), a company controlled by Arifin Panigoro, today commences the offering…

BCA to Pay Dividend Rp113.50 per Share

JAKARTA, Indonesia Today - PT Bank Central Asia Tbk (BCA) will pay dividend of Rp113.50 per share for 2011 fiscal…

Govt Offers Flexibility on Profit Sharing for Deepwater Exploration

TANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources offers the flexibility on profit sharing for investing in…

BPMigas Challenges Pertamina, Local Government to Invest in Mahakam Block

TANAH LOT, Indonesia Today - The government challenges state-owned oil and gas company Pertamina and local government in East Kalimantan…

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Latest News

Summarecon Books Rp1.65 Trillion Pre Marketing Sales

JAKARTA, Indonesia Today - Real-estate developer PT Summarecon Agung Tbk (SMRA) booked pre marketing sales of Rp1.65% it the first 5 ...

Property | Friday, 18 May 2012

Basarnas Stops Evacuation Operation of Sukhoi’s Victims

JAKARTA, Indonesia Today – The National Search and Rescue Agency (Basarnas) has decided to stop the operation to evacuate all vi...

People | Friday, 18 May 2012

Moody's Downgrades 16 Spanish Banks

MADRID, Indonesia Today - Moody's Investors Service has today downgraded by one to three notches the long-term debt and deposit ra...

Banking | Friday, 18 May 2012

Suharto’s Grandson Fails to Show Up for Police Summon

JAKARTA, Indonesia Today - Ari Haryo Wibowo Hardjojudanto, popular as Ari Sigit, grandson of the late president Soeharto and a su...

People | Friday, 18 May 2012

APP Announces New Policies on High Conservation Value Forest

JAKARTA, Indonesia Today - Asia Pulp & Paper Group (APP) has announced its new High Conservation Value Forest policies to ev...

Chemical | Thursday, 17 May 2012

Zacks Investment: Indonesia, the Rising Star of Asia

CHICAGO, Indonesia Today - Emerging markets are an important part of the global economy and increasingly significant contributors to the gl...

Stocks | Thursday, 17 May 2012

Prisma Resources Deploys NetSuite Cloud Solution for Business Efficiency

SAN FRANCISCO, Indonesia Today - NetSuite SuiteWorld 2012 -- NetSuite Inc., the industry's leading provider of cloud-based financials/ERP software suites, an...

Mining | Thursday, 17 May 2012

Linktone Reports Lower Revenue in Q1, Indonesian Regulation a Factor

BEIJING, Indonesia Today - Linktone Ltd., a provider of media and entertainment content and services in key strategic markets in ...

Telco | Thursday, 17 May 2012

Govt Mulls Gas Hydrates Deepwater Exploration

TANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources is considering gas hydrates deepwater exploration on southern Sumatera–Java is...

Energy | Wednesday, 16 May 2012

Political Issues Undermine Oil and Gas Investment in Indonesia

TANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources admits that political atmosphere complicates the oil & gas ...

Energy | Wednesday, 16 May 2012

Sinarmas Land Acquires Bumi Samarinda Indah

SINGAPORE, Indonesia Today - Sinarmas Land Limited together with its subsidiaries (the Group) announces today that its subsidiary has subscribed ...

Property | Wednesday, 16 May 2012

Augur Confirms Excellent Metallurgical Results from Wonogiri

SYDNEY, Indonesia Today - Augur Resources Ltd announces today that results from ALS Ammtec confirm the excellent recoveries by floating wi...

Mining | Wednesday, 16 May 2012

Naga Selatan-1 Well Drilling Reaches 5,000 Feet

MELBOURNE, Indonesia Today - Drilling in Naga Selatan-1 well on Mahakam Hilir PSC has reached 5,000 feet MD (measured depth) an...

Energy | Wednesday, 16 May 2012

Padang Resources Secures Drill Core and Data on Paser Project

SYDNEY, Indonesia Today - Padang Resources Limited has secured the drill core and data from previous exploration undertaken on the Pa...

Mining | Wednesday, 16 May 2012

Medco Files Counterclaim against Rio Kurnia

JAKARTA, Indonesia Today - PT Medco E&P, subsidiary of Medco Energi (MEDC), files a counterclaim against transportation company PT Rio Ku...

Dispute | Wednesday, 16 May 2012

Indonesia Enhances Resilience to Global Volatility with World Bank Support

WASHINGTON, Indonesia Today - The World Bank executive board today approved a new budget support operation worth $2 billion designed to...

Indonesia Macro | Wednesday, 16 May 2012

Sukhoi's Black Box Found

BOGOR, Indonesia Today - Army's Special Forces has finally found crashed Sukhoi Superhet 100’s black box around 100 meters from ta...

People | Wednesday, 16 May 2012

CBM Asia & Continental Join Forces for Indonesian CBM

JAKARTA, Indonesia Today - Continental Energy Corporation and CBM Asia Development have signed a joint study and bid group agreement fo...

Energy | Tuesday, 15 May 2012

Andalan Prospect Drilling Going Well, Hess Says

TANAH LOT, Indonesia Today - Hess Corporation says drilling at Andalan prospect on Semai V Block, Papua is currently going we...

Energy | Tuesday, 15 May 2012

Mining and Agriculture Stocks Push IDX Down

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) ended down 0.18% at 4,045.64 points dragged down mi...

Stocks | Tuesday, 15 May 2012

Moody's Downgrades Italian Banks, Outlooks Remain Negative

MILAN, Indonesia Today - Moody's Investors Service has today downgraded by one to four notches the long-term debt and deposit ...

Banking | Tuesday, 15 May 2012

Lawmakers to Summon Transportation Minister on Sukhoi Crash

JAKARTA, Indonesia Today - Commission V of The House (overseeing transportation and communication) will summon Transportation Minister related with the ...

People | Tuesday, 15 May 2012

KPPU Appeals Pfizer and Dexa Medica to Supreme Court

JAKARTA, Indonesia Today – Business Competition Supervisory Commission (KPPU) makes further legal action on the drug cartel allegation case against PT...

Regulations | Tuesday, 15 May 2012

Bank Nagari Kicks Off Rp225 Billion Bond Issue

JAKARTA, Indonesia Today - Regional development bank PT Bank Pembangunan Daerah Sumatera Barat (Bank Nagari) announces on prospectus today it pl...

Banking | Tuesday, 15 May 2012

Headline

Court Makes No Decision Yet on Newmont Divestment Dispute Reliance Claims Increasing Gold Grade Drilling on Tanoyan Project Total E&P Awards Contract for Work Offshore to Transocean Ecosse Energy Completes Private Placement Long Holidays Save Indonesian Stock Market National Commercial Banks Post 25.1% Loan Growth in Q1 Harum Energy Targets 44% Growth in Coal Production

Court Makes No Decision Yet on Newmont Divestment Dispute

JAKARTA, Indonesia Today – The Constitutional Court (MK) has yet to make final decision on the dispute between the government…

Detail

Reliance Claims Increasing Gold Grade Drilling on Tanoyan Project

VANCOUVER, Indonesia Today - Reliance Resources Ltd. claims increasing gold grade from two holes drilling into the Sondana Vein system…

Detail

Total E&P Awards Contract for Work Offshore to Transocean

GENEVA, Indonesia Today - Total E&P Indonesie awarded a three-year contract for work offshore Indonesia to Transocean’s GSF Constellation I…

Detail

Ecosse Energy Completes Private Placement

TORONTO, Indonesia Today - Ecosse Energy Corp., a company focused on oil and gas exploration and production in Indonesia, has…

Detail

Long Holidays Save Indonesian Stock Market

JAKARTA, Indonesia Today - Long week-end holidays saved Indonesian stock market as other markets in the region were drowning from…

Detail

National Commercial Banks Post 25.1% Loan Growth in Q1

JAKARTA, Indonesia Today - National commercial banks disbursed total loan of Rp2,282 trillion in the first quarter ended March, 2012,…

Detail

Harum Energy Targets 44% Growth in Coal Production

JAKARTA, Indonesia Today - Coal producer PT Harum Energy Tbk (HRUM) targets to produce 13 million tons of coal this…

Detail

LATEST NEWS

Premier Oil Expects to Complete Anoa Phase 4 Drilling in 2013

LONDON, Indonesia Today - Premier Oil reported that Anoa Phase 4, Indonesia, which will develop around 200 bcf of undeveloped proven reserves on the Premier-operated Natuna Sea Block A, is expected to be completed in 2013. Premier also claims that preparations are well-advanced for the first phase of offshore construction in Ju... Read more

Energy News | Ferdi Hasiman | Friday, 18 May 2012 | Hits: 37

GE Capital Aviation Leases 12 Boeing 737-500s to Sriwijaya Air

SINGAPORE, Indonesia Today - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, leases 12 Boeing 737-500s to Sriwijaya Air in order to upgrade its fl... Read more

Trasportation News | Hatman Bintang | Friday, 18 May 2012 | Hits: 28

Finders Confirms New Regulation on Ownership to Impose no Adverse Implication

MELBOURNE, Indonesia Today - Finders Resources Limited (FND) reconfirms that new regulation (No. 7/2012 & 24/2012) in relation to in-country mineral processing and local ownership will not have adverse implications for Finders' corporate structure and economic interest in its projects in Indonesi... Read more

Mining News | Hans GN | Friday, 18 May 2012 | Hits: 32

Jaya Property Sets Rp1.5 Trillion Capex for This Year

JAKARTA, Indonesia Today - Property developer PT Jaya Real Property Tbk (JRPT) allocates capital expenditure (capex) of Rp1.5 trillion for this year, Bisnis Indonesia reported this morning.... Read more

Property News | Hans GN | Friday, 18 May 2012 | Hits: 34

Charoen Pokphand Eyes Rp15% Growth in Revenue

JAKARTA, Indonesia Today - Food giants PT Charoen Pokphand Indonesia Tbk (CPIN) targets revenue to grow by 15% this year along with the planned production capacity expansion, Bisnis Indonesia reported this morning.... Read more

Food News | Hans GN | Friday, 18 May 2012 | Hits: 38

Southern Arc Boosts Ownership in West Lombok & Sumbawa Projects

VANCOUVER, Indonesia Today - TSX Venture-listed Southern Arc Minerals Inc has acquired an additional 5% interest in both its West Lombok and West Sumbawa (Taliwang) projects in In... Read more

Mining News | Pincus RS | Thursday, 17 May 2012 | Hits: 45

Salamander to Drill Four Prospects on North Kutei Basin

LONDON, Indonesia Today - Salamander Energy Plc expects to start drilling of four prospects on its North Kutei basin in East Kalimantan in the fourth quarter of 20... Read more

Energy News | Ferdi Hasiman/Hatman Bintang | Thursday, 17 May 2012 | Hits: 57

Govt Approves Gas Processing Facilities for Kerendan Field

LONDON, Indonesia Today - Salamander Energy claims the gas processing facilities for Kerendan gas field in Kalimantan have received Indonesian government approval and are planned to be constructed ready to deliver first gas during 20... Read more

Energy News | Ferdi Hasiman/Hatman Bintang | Thursday, 17 May 2012 | Hits: 52

Chevron Expected to Drill Gendalo-Gehem in 2014

TANAH LOT, Indonesia Today - Chevron is expected to drill the Gendalo – Gehem deepwater blocks in Makassar Strait by 2014.... Read more

Energy News | Ferdi Hasiman/Hatman Bintang | Wednesday, 16 May 2012 | Hits: 94

Export Tax Affects Antam's Nickel Ore

JAKARTA, Indonesia Today - State miner PT Aneka Tambang (Antam) Tbk (ANTM) reveales that the planned 20% ore export tax is yet to be implemented by the government of In... Read more

Mining News | Hans GN | Wednesday, 16 May 2012 | Hits: 96

Krakatau Steel to Set Up Mining Unit

JAKARTA, Indonesia Today - Krakatau Steel (KRAS), Indonesia's largest steel producer, targets to set up mining unit engaged in natural resources business, mainly coal, in early July, 2012, Investor Daily reported this mo... Read more

Mining News | Hans GN | Wednesday, 16 May 2012 | Hits: 97

AKR Corporindo to Pay Dividend Rp1.37 Trillion

JAKARTA, Indonesia Today - Chemical and fuel distributor PT AKR Corporindo Tbk (AKRA) will pay dividend of Rp1.37 trillion for 2011 fiscal year. The dividend represents 59.85% of 2011 net pr... Read more

Finance headlines | Hans GN | Wednesday, 16 May 2012 | Hits: 84

Matahari Department Books Rp465.65 Billion Profit in 2011

JAKARTA, Indonesia Today - Retailer PT Matahari Department Stores Tbk (LPPF) booked net profit of Rp465.65 billion in 2011, jumped more than sixfold (644%) from Rp62.62 billion in 20... Read more

Industries Latest News | Hans GN | Wednesday, 16 May 2012 | Hits: 57

KS Energy Revenue Up 5.6%, Indonesian Operation to Contribute

SINGAPORE, Indonesia Today - Main board listed KS Energy Limited, controlled by Kris Wiluan family, reported better performance for the quarter ended 31 March 2012 (1Q FY2012) with revenue rising by 5.6% from $113.8 million to $120.2 million due to higher contribution from the Drilling su... Read more

Energy News | Hans GN | Tuesday, 15 May 2012 | Hits: 68

Padang Resources Gets Approval to Mobilize Team for Paser Coal Project

SYDNEY, Indonesia Today - Padang Resources Limited claimed to have secured local government approval to mobilize technical team at the Paser project in East Ka... Read more

Mining News | Hatman Bintang | Tuesday, 15 May 2012 | Hits: 91

Politics:

Angelina Sondakh Refuses to Act as Justice Collabo... » JAKARTA, Indonesia Today - Angelina Sondakh, Demokrat Party lawmaker...

Political Parties Start to Debate on Presidential ... » JAKARTA, Indonesia Today – Lawmakers from political parties at the H...

Merpati President Director Resigns, SoE Ministry S... » JAKARTA, Indonesia Today - State Owned Enterprises Ministry cl...

KPK to Examine First Mujur Director in Graft Case » JAKARTA, Indonesia Today - Budi Santoso, Finance Director of PT Firs...

Nunun Gets 2.5 Years in Prison on Miranda's Electi... » JAKARTA, Indonesia Today - Nunun Nurabeti, suspect in bribery case o...

KPK to Summon Finance Minister for Graft Case » JAKARTA, Indonesia Today - The Corruption Eradication Commissi...

Nazaruddin’s Staff Named Suspect on Garuda Shares ... » JAKARTA, Indonesia Today - National Police has named Yulianis,...

Pramono: DPR Could Become House of Ghosts » JAKARTA, Indonesia Today - Deputy House Speaker Pramono Anung was wo...

Last Trial on Newmont Divestment Dispute Scheduled... » JAKARTA, Indonesia Today – The Constitutional Court (MK) is sc...

Court Rejects Irwandy's Lawsuit, Zaini Confirmed a... » JAKARTA, Indonesia Today – The Constitutional Court (MK) has o...