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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

PT Bank Capital Indonesia Tbk (BACA) announced on Monday its net profit surged by 169% in the first half, on the back of higher hinterest income.

 

It booked net profit of Rp18.96 billion in the first half, compared to Rp7.04 billion in the same period last year.

Net interest income rose by 97% to Rp48.9 billion, from Rp24.7 billion a previous year. Interest income increased by 65% to Rp159 billion, compared to Rp96 billion in the first half of last year.

Bank Capital's liability and capital totaled Rp4 trillion, of which third party deposits accounted Rp2.445 trillion.

 



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» IDX Composite Ends Up, Regional Mixed

Theindonesiatoday.com - Composite index of IDX ended higher by 1.09% to 3,556.23 on the back of gains in second liners. Regional markets closed in vary.

» Panin Life Targets 45.45% Growth in Premium Income

Theindonesiatoday.com - Life insurer PT Panin Life targets to book premium income of Rp3.2 trillion next year, grows 45.45% from Rp2.2 trillion estimated for this year, Bisnis Indonesia reported this morning.

» Widjaja Family's HKC Divests Kam Lung

Theindonesiatoday.com - HKC (Holdings) Limited, a company controlled by Indonesian Widjaja family (Sinarmas Group), sold its entire interest in, and shareholder's loan extended to, HKC Kam Lung Limited for a total consideration of HK$578 million.

» Ciputra Group Allocates Rp1.86 Trillion Capex for 2011

Theindonesiatoday.com - Three companies of Ciputra Group, PT Tbk (CTRA), PT Ciputra Surya Tbk (CTRS) and PT Ciputra Property Tbk (CTRP), allocate capital expenditure (capex) of Rp1.86 trillion for this year, Bisnis Indonesia reported this morning.

» Court Unfreezes Tommy's Funds at BNP Paribas

Theindonesiatoday.com - Guernsey Court of Appeal finally decided to unfreeze funds of Tommy Soeharto, son of the late president Soeharto, at Banque Nationale de Paris (BNP) Paribas. 

» AGO: Bibit & Chandra Are No Longer Suspects

Theindonesiatoday.com - Attorney General's Office (AGO) asserted that Bibit Samad Rianto and Chandra M Hamzah, deputy chairmen of the Corruption Eradication Commission (KPK), are no longer suspects in bribery case because their cases have been...

» Labor Strike Ends, Freeport Resumes Shipments

Theindonesiatoday.com - PT Freeport Indonesia expects shipment of concentrate from Grasberg mine in Papua to resume early 2012. The labor strike, which commenced on September 15, 2011, has ended and workers will begin reporting to their positions...

» Margin Squeezed, Gapuraprima Q1 Profit Down 18%

Theindonesiatoday.com - Property developer PT Perdana Gapuraprima (GPRA) Tbk booked net profit of Rp13 billion in the first quarter of 2011, dropped 18% from the same period last year on lower sales and squeezed margin.

» Telkomsel Offers Mobile English Course

Theindonesiatoday.com - PT Telkomsel, the largest cellular operator with 94 million subscribers, offers mobile English learning program to its subscribers. 

» Churchill Received Interest in East Kutai Coal Project

Theindonesiatoday.com - Churchill Mining Plc has received significant interest in the East Kutai Coal Project (EKCP) and has received a growing number of specific proposals, as part of the ongoing strategic process to determine the most...

» Indonesia Reports Surplus of $7.7 Billion in Q1

Theindonesiatoday.com - Central bank, Bank Indonesia (BI), today reported a surplus of US$7.7 billion in the first quarter (Q1) of 2011, supported by positive contribution of current account, capital and financial transaction.

» PLN, IPP to Spend $97.1 billion for Developing 55,484 MW Electricity Capacity

State utility company PT Perusahaan Listrik Negara (PLN) and independent power producer (IPP) will spend US$97.1 billion funds, or US$9.7 billion per year, for developing 55,484 megawatt (MW) national electricity capacity within next ten years.

» IDX Opens Higher Following Regional, Wall Street

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened higher by 1.03% at 3,869.83 this morning following gains in regional markets.

» Bakrie Telecom Seeking Rp650 Billion Bank Loan

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» Gajah Tunggal to Allocate US$20 Million for Producing Special Tire

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