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Tiger Airways Books $104 Million Losses

Tiger Airways Books $104 Million Losses  

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

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Cardig Aero Q1 Profit Grows 27%

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…

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Mewah International Boosts Ownership in Indonesian Units

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,…

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

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…

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Indus Capital Controls CBM Asia

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…

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Avillion Hotel Expands in Indonesia

Avillion Hotel Expands in Indonesia 

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

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Buana Finance Bags Rp125 Billion Loan from 2 Banks

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.

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Volvo's UD Trucks Jumps 143% in Indonesia

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.…

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Medco Energi Offers Rp1.5 Trillion Bond

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…

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BCA to Pay Dividend Rp113.50 per Share

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…

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Govt Offers Flexibility on Profit Sharing for Deepwater Exploration

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…

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BPMigas Challenges Pertamina, Local Government to Invest in Mahakam Block

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Indonesia Finance

Theindonesiatoday.com - PT Bank Artha Graha Tbk (INPC) booked net profit of Rp92 billion in first nine months of 2011, jumped 38% from Rp67 billion in the corresponding period of last year.
Net interest income declined 3.1% to Rp429 billion from Rp443 billion a previous year. The bank booked interest income of Rp1.14 trillion.

However net operating profit surged 36% to Rp118 billion from Rp86 billion a year earlier.

As of September 2011, its assets totaled Rp17.42 trillion, of which credits amounted Rp12.36 trillion, increased 12.5% from Rp10.99 trillion in first nine months of 2010.

INPC is currently priced at Rp97 per share. At this price, it has market capitalization of Rp832 billion. (teguh@theindonesiatoday.com)


More articles :

» CPO Retreats, Plantation Stocks Slip

Theindonesiatoday.com - The benchmark February 2011 contracts of crude palm oil are set to open lower this morning, leading most plantation stocks into negative territory.

» Jaya Pari Steel, Dianjaya Swing to Net Profit in H1

Steel product makers PT Jaya Pari Steel Tbk and PT Gunawan Dianjaya Steel reported net profit of Rp38.59 billion and Rp119.09 billion respectively in the first semester 2010, after recording losses in the same period last year.

» CNBM Establishes Southwest Cement

Theindonesiatoday.com - China National Building Material Company Ltd (CNBM), China’s largest construction group, has established Southwest Cement Company Ltd with registered capital of RMB10 billion.

» Bumi Teknokultura to Acquire Forest Concession

Theindonesiatoday.com - PT Bumi Teknokultura (BTEK) Tbk plans to acquire companies with forest concessions and industrial forest estates to grow its forestry business in the coming years.

» Raw Material and Fuel Costs Send Mulia Industrindo Back to Loss

JAKARTA, Indonesia Today - Higher raw material and fuel costs cut profit margin of glass and ceramic producer PT Mulia Industrindo (MLIA) Tbk. The company even posted net loss of Rp45 billion in the first quarter of 2012.

» Ciputra to Build Hospital in Tangerang

Property developer PT Ciputra Development Tbk (CTRA) is planning to build hospital in Tangerang, to be called RS Citra Raya with an estimated cost of Rp100 billion, the company said on Tuesday.

» Chandra Hamzah Failed Medical Test for OJK Leaders

JAKARTA, Indonesia Today - Chandra M Hamzah, former deputy chief of the Corruption Eradication Commission (KPK), failed a medical test in the selection for leadership of the Financial Service Authority (OJK).

» BCA Pays Interim Dividend of Rp1.04 Trillion

Theindonesiatoday.com - PT Bank Central Asia (BCA) Tbk pays out interim dividend of Rp1.04 trillion from its 2010 net profit or Rp42.5 per share, to be paid December 9.

» Polychem Sees 23.81% Profit Drop Next Year

Theindonesiatoday.com - Chemical and polyester manufacturer PT Polychem Indonesia (ADMG) expects net profit to decline 23.81% to Rp240 billion next year due to expected higher cost, Bisnis.com reported.

» Normalization Committee Takes Over PSSI

Theindonesiatoday.com - Following the latest events linked to the Football Association of (PSSI), the FIFA Emergency Committee decided on 1 April 2011 that, in accordance with article 7 paragraph 2 of the FIFA Statutes, a Normalization Committee...

» IDX Closes Morning Down, Regional Mixed

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning traded down 0.31% at 3,757.45 while regional markets were mixed.

» EIA: Dayak Community under Assault from Invading Palm Oil Companies

MUARA TAE, Indonesia Today - The fate of a Dayak community deep in the interior of East Kalimantan demonstrates how Indonesia must safeguard the rights of indigenous people if it is to meet ambitious targets to reduce emissions from deforestation.

» Six Small Parties Join Gerindra Confederation

Theindonesiatoday.com - Six small parties without seats in the House of Representatives (DPR) but with representatives in regional level council have signed a confederation pact with Gerindra Party led by Prabowo Subianto in Sentul, West Java...

» Banking stocks lifted IDX

Banking stocks lifted the composite index of Indonesia Stock Exchange (IDX) to close higher by 1.13% today while other markets declined substantially in the region.

» United Tractors to Boost its Coal Output to 10 Mln Tons/Year

Heavy equipment distributor and coal mining company PT United Tractors Tbk, a subsidiary of diversified group PT Astra International Tbk is planning to boost its coal production to 10 million tons per year over the next 4-5 years from around 2.5...

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