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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 - Altus Capital Pte.Ltd has redeemed US$5 million of 12.875 per cent Senior Secured Guaranteed Notes due 2015 guaranteed by each of PT Chandra Asri Petrochemical Tbk, PT Styrindo Mono Indonesia and PT Petrokimia Butadiene Indonesia.
Altus has purchased US$5 million aggregate principal amount of the Notes through the
open market as of 17 January 2012.
The aggregate principal amount of the Notes remaining outstanding following the cancellation of the Purchased Notes would be US$206.83 million.
Chandra Asri (TPIA) has on Wednesday (Jan 18) kicked off construction of Butadiene and Butene-1 facility, with capacity of 100,000 tons and 40,000 tons per year each, which will cost US$145 million.
The company also plans to increase expand its naphtha cracker project to 1 million tons per year from current 600,000 tons and to expand its polyethylene factory to 536,000 tons per year from current 336,000 tons. (ferdi@theindonesiatoday.com)



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» Premier Oil Plugged Belut Laut-1 Well

Theindonesiatoday.com - The Berut Laut-1 exploration well in Tuna Block will be plugged and abandoned with oil and gas shows, Premier Oil Plc said. 

» Noble Group Net Profit Only Increased 9%

Theindonesiatoday.com - Noble Group Ltd posted 9% net profit growth to US$607 million last year, despite 82% surge in sales revenue to US$56.7 billion. 

» Beer Producers Report Mixed Performance

Theindonesiatoday.com - Indonesian beer producers, PT Multi Bintang Indonesia (MLBI) Tbk and PT Delta Jakarta (DLTA) Tbk, reported mixed performance in nine months of 2011.

» Intraco Penta Plans to Acquire Three Coal Mines

Theindonesiatoday.com - Heavy equipment distributor PT Intraco Penta Tbk (INTA) said it plans to acquire two coal mines in Kalimantan and one nickel mine in Sumatera, Investor Daily reported this morning.

» Technics Awarded $35M Vietnam Contract

Theindonesiatoday.com - SGX-listed Technics Oil and Gas LImited has secured EPCC contract from JV Vietsovpetro worth S$35 million.

» BI to Issue New Reserve Requirement Regulation

JAKARTA, Indonesia Today - Bank Indonesia is finalizing a new reserve requirement regulation to anticipate a higher inflation should the government proceeds with fuel price hike policy.

» OCBC Prices US$$1 Billion Notes

SINGAPORE, Indonesia Today - Oversea-Chinese Banking Corporation Limited (OCBC Bank) has priced US$1 billion of fixed rate senior bonds due 13 March 2015.

» Lippo Malls Revenue Slips 1.4%

Theindonesiatoday.com - LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust (LMIR Trust and as manager of LMIR Trust), reported gross revenue of S$33.3 millionand net property income of S$22.5 million for the three months ended...

» Chevron's Upstream Earnings Expected to Decline

Theindonesiatoday.com - Chevron Corporation (NYSE:CVX) reported its earnings for the third quarter 2011 are expected to be comparable with second quarter 2011 results, while lower crude oil realizations and lower liftings are expected to reduce...

» Four Private Jets for Wedding of Governor's Daughter

JAMBI, Indonesia Today - Some national political elites are scheduled to attend the wedding party of Diah Agusti, daughter of Jambi governor Hasan Basri Agus, with Mezi Arsento at Ratu Convention Center, Jambi on Sunday (April 15).

» Bakrie Life Defaulted Payments Again

Theindonesiatoday.com - PT Asuransi Jiwa Bakrie (Bakrie Life) has defaulted again the payments scheduled this month to investors of its Diamond Investa product.

» Wijaya Karya to Invest $150 Million in Power Plant

JAKARTA, Indonesia Today - State construction company PT Wijaya Karya Tbk (WIKA) plans to build 2 steam power plants (PLTU) with capacity of 1x60 megawatts (MW) each, Investor Daily reported this morning.

» Govt to Impose 5% Income Tax on Mutual Fund by 2011

The Tax Office plans to impose income tax of 5% in the fixed income mutual fund, starting next year and increasing to 15% by 2014,  reported on Tuesday.

» Astra Units Seek Rp4 Trillion in Debt Market

Theindonesiatoday.com - PT Astra Sedaya Finance (ASF) and PT Federal International Finance (FIF), both are subsidiaries of PT Astra International (ASII) Tbk, plan to issue debt securities of Rp2 trillion each next year.

» Kaltim Supacoal Almost Completes Plant Upgrading

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