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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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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 - Templeton Global Income Fund, one of the Templeton closed-end funds, placed 9.3% of its total net assets of US$1.359 billion or about US$126.39 million in Indonesia. 

According to Templeton's disclosure to NYSE, as of September 30, 2010, 87.7% of Templeton Global Income Fund's total net assets is allocated in fixed income instruments, while the balance in cash and others.

According to country distribution, Indonesia ranked second worldwide with 9.3% of total net assets, right behind South Korea (14.6%), ahead of Poland (8.2%).

Net currency distribution in rupiah is 7.1% or about US$96 million. (Theindonesiatoday.com)



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» March Foreign Tourists Increases 5.28%

Theindonesiatoday.com - Total foreign tourists visiting Indonesia reached 598,100 in March 2011, increased 5.28% compared to previous Month, but only inched up 0.64% compared to 594,200 in March 2010, Central Bureau of Statistics (BPS) announced...

» BI Rules on Green Banking

JAKARTA, Indonesia Today - Bank Indonesia plans to impose sanction to banks that providing loans to companies whose operations are evidently destroying the environment, Bisnis Indonesia reported this morning.

» Krakatau Steel Seeking US$500 Million Loan

Theindonesiatoday.com - Steel giant PT Krakatau Steel Tbk (KRAS) is seeking loan of US$400-500 million from China's Export Credit Agency for funding its iron plant establishment in Cilegon, Banten, Bisnis Indonesia reported this morning.

» Wetar Copper Project Achieves Important Milestone for Forest Issue

SYDNEY, Indonesia Today - Finders Resources Limited has secured an important milestone regarding forest issues of its Wetar copper project in Maluku, Indonesia.

» Ipanema Named PT Harrisma Value Added Distributor

Theindonesiatoday.com - Ipanema Technologies the industry leader of WAN Governance solutions and application-centric VPN services – has named PT Harrisma Agung Jaya, Indonesian IT nationwide Distribution and services Value Added Distributor.

» Bank Jabar Banten Posts 23.7% Profit Growth

Theindonesiatoday.com - Bank Jabar Banten (BJBR) booked net profit of Rp260 billion in the first quarter of 2011, increased 23.7% from the same period last year despite a modest growth of net interest income.

» Citigroup Buys Alfamart Shares for Rp1.54 Trillion

Theindonesiatoday.com - Citigroup Securities has today bought 343.17 million shares of retailer PT Sumber Alfaria Trijaya Tbk (AMRT), operator of Alfamart retail outlets, or 9.9% of its total issued capital, for total value of Rp1.54 trillion.

» IDX Closes Morning Down 0.47%

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade down 0.47% at 3,796.32 while some regional markets narrowed their losses and turned higher.

» Newmont Plans IPO, Pukuafu Rejects

PT Newmont Nusa Tenggara (NNT) to offload 6-10% shares through initial public offering (IPO), targeting to raise proceeds of US$800 million, but PT Pukuafu Indah that holds 20% stake in NNT rejects the plan, Investor Daily reported on Wednesday.

» Samko Timber Establishes US Joint Venture

Theindonesiatoday.com - Samko Timber Ltd, a JV between Sunarko and Sampoerna families, has entered into an agreement with an unrelated party to set up a joint venture (JV) company in the United States of America. 

» Clouds Hanging Over Aceh Elections

Theindonesiatoday.com - Clouds are hanging over election of leaders (governor, vice governor, regents, and mayors) in Aceh scheduled February 16, 2012.

» Nokian Tire, Hankook Consider Buying Multistrada Stakes

Indonesia News - European tire producer Nokian Tire Plc and Hankook Tire of South Korea are interested to buy majority shares of domestic tire PT Multistrada Arah Sarana Tbk.

» Charoen Pokphand Books Rp2.21 Trillion Profit

Theindonesiatoday.com - PT Charoen Pokphand Indonesia Tbk (CPIN) booked net profit of Rp2.21 trillion in 2010, increased 37% from Rp1.61 trillion in 2009, thanks to higher sales and lower cost.

» Sawa and GE to Develop POME-to-Power Project in North Sumatera

CALGARY, Indonesia Today – Sawa Energy Inc signs Letter of Intent with GE Energy for the development of POME-to-Power projects for Indonesian agricultural and rural electrification in Indonesia.

» Bank Mutiara Profit Jumps Threefold

Theindonesiatoday.com - PT Bank Mutiara Tbk (BCIC), formerly PT Bank Century Tbk, posted unaudited net profit of Rp286.21 billion in nine months to September 2011, jumped 310% from Rp69.79 billion in the same period of last year.

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