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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 - The Bank of Tokyo-Mitsubishi UFJ Ltd. (MUFG) posted net profit of Rp503.2 billion in the first nine months of 2010, increased 40% from Rp360.6 billion in the same period of last year.

It said net interest income fell to Rp624 billion from Rp702 billion a previous year while operating profit dropped 22% to Rp718.7 billion.

As the bank paid lower tax, it booked higher net profit for the nine months to September 2010 period.

The bank paid tax of Rp195 billion for the period, compared to Rp366.87 billion in the same period of last year.

The bank's assets totaled Rp36.2 trillion of which credit amounted Rp27.19 trillion. It booked third party's funds of Rp16.08 trillion. (hans@theindonesiatoday.com)



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» Moody's Revises Danamon Outlook to Positive

Theindonesiatoday.com - Moody's Investors Service has changed the outlook for Bank Danamon Indonesia's (BDI) bank financial strength rating (BFSR) of D to positive from stable. The BFSR currently maps to a baseline credit assessment of Ba2.

» Resource Alam Q1 Profit Almost Quadrupled

Theindonesiatoday.com - Coal producer PT Resource Alam Indonesia (KKGI) Tbk booked net profit of Rp81.93 billion in the first quarter of 2011, almost quadrupled from Rp21.76 billion in the same period last year.

» Augur to Focus on Wonogiri Gold Project in FY2012

Theindonesiatoday.com - Augur Resources Ltd plans to focus its attention on Wonogiri gold project in the 2012 financial year.

» BII Books Rp461 Billion Profit in 2010

Theindonesiatoday.com - PT Bank Internasional Indonesia Tbk (BNII) booked net profit of Rp461 billion in 2010, increased 9.7% from 420 billion it booked in 2009.

» Jasa Marga's Unit Secures Rp1.4 Trillion Loan

Theindonesiatoday.com - PT Transmarga Jatim Pasuruan, unit of state toll operator PT Jasa Marga Tbk (JSMR), has secured loan or Rp1.4 trillion from consortium banks, Bisnis Indonesia reported this morning.

» Kalbe Farma Sets Rp5 Trillion for Unorganic Growth

JAKARTA, Indonesia Today - Pharmaceutical giant PT Kalbe Farma Tbk (KLBF) prepares fund of Rp5 trillion for supporting planned acquisition of some nutrition and consumers health companies both local and overseas, Bisnis Indonesia reported this...

» WOM Finance Affirmed at AA(idn) Rating

Theindonesiatoday.com - Fitch Ratings has affirmed PT Wahana Ottomitra Multiartha Tbk's (WOMF) National Long-Term Rating at 'AA(idn)' with Stable Outlook and its National Short-Term Rating at 'F1+(idn)'.

» BTN Plans to Raise Rp1 Trillion from Assets Securitization in 2011

Theindonesiatoday.com - PT Bank Tabungan Negara Tbk (BTN), the country’s largest home mortgage provider, said it plans to raise Rp1 trillion funds in 2011 from asset securitization program, aiming for covering short term funding, Bisnis...

» Total Kicks Off Tunu and Peciko Fields Expansion

Theindonesiatoday.com - Total E&P has kicked off development of Tunu and Peciko gas fields in Kutai, East Kalimantan province in order to holding up production decline due to depleted gas reserves.

» Multipolar Buys 100% Queenz Shares in Congrex Lt

PT Multipolar, through its subsidiary Mainvest Ltd has signed an agreement to acquire 100% shares of Queenz Limited in Congrex Ltd. Through the acquisition, Multipolar will control a Hong Kong well-known retail, Robbinz Department Store.

» Indonesia, Potential Market for LTE

Theindonesiatoday.com - Indonesia is considered as potential market for deployment of long term evolution (LTE) technology, or fourth generation, as internet penetration has reached 80% of total population, Bisnis Indonesia reported.

» Krakatau Steel Bags US$450 Million Syndication Facility

JAKARTA, Indonesia Today - Krakatau Steel (KRAS), Indonesia's largest steel producer, has on Tuesday (May 15) signed a US$450 million syndication loan to finance the blast furnace project.

» Trading in Duta Anggada Halted

Theindonesiatoday.com - The Indonesian Stock Exchange (IDX) today halted trading in shares of property developer PT Duta Anggada Realty Tbk (DART) due to its recent substantial gain.

» Conoco Reported Higher Output in Indonesia

ConocoPhillips reported crude oil production of 20,000 barrel per day in the second quarter of 2010 in Indonesia, higher than both first quarter and the same quarter of 2009. 

» Japfa Comfeed Posts Rp264.8 Bln Net Profit in H1

Theindonesiatoday.com - Agrifood, poultry manufacturer PT Japfa Comfeed Indonesia Tbk posted net profit of Rp264.89 billion in the first half of 2010, slightly higher than Rp255.09 billion it recorded in the same period of last year.

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