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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 - Chaoda Modern Agriculture (Holdings) Limited has decided not to proceed with the Proposed Notes Issue in view of current market conditions.

Chaoda Modern told HK Stock Exchange this morning that no legally binding underwriting or subscription agreement has been entered into by the company in relation to the Proposed Notes Issue.

Chaoda announced late last month the appointment of Citi and Credit Suisse as the joint global coordinators and Citi, Credit Suisse, and Merrill Lynch International as the joint lead managers and joint bookrunners for the Notes.

Chaoda told HK Stock Exchange that time that it intends to use the proceeds to finance capital expenditures, including the expansion of its production bases, as well as infrastructure development for its production bases. (Theindonesiatoday.com)



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» Pupuk Kaltim Mulls Bonds Issue

State-owned fertilizer company PT Pupuk Kaltim (PKT) mulls a plan to issue bonds to finance the development of its PKT V plant, a company executive said.

» Palace Secures Exclusive Rights for Coal JV in Sumatera

Theindonesiatoday.com - Palace Resources Ltd has secured an exclusive four month right to negotiate a joint venture on a coal project in West Sumatera.

» Two of Genting's Plantation JVs in Indonesia Remain Conditional

Theindonesiatoday.com - Genting Plantation's two joint ventures in Indonesia were still conditional as of November 16, 2011 for undisclosed reasons.

» Properity Extends Loan Payment to Resource Global

Theindonesiatoday.com - Prosperity Resources Ltd (ASX: PSP) has extended the payment date of loan to Resource Global Finance Ltd (RGF) to 30 June 2012.

» Siemens Wins Mobile Mining Order from Hitachi to Serve KPC

Theindonesiatoday.com - Siemens Industry Inc has received its biggest mobile mining order from Hitachi Construction Truck Machineray (HCTM) to provide 50 additional EH4500 trucks equipped with Siemens' AC-drive technology to Kaltim Prima Coal (KPC).

» HD Finance Bags Rp100 Billion Loan from Bank Panin

JAKARTA, Indonesia Today - Bank Panin Indonesia has on April 13, 2012 signed loan agreement with PT HD Finance (HDFA) Tbk. Panin agrees to provide Rp100 billion loan for a period of 36 months.

» Kayan Putra to Boost Coal Output to 2.5 Million Tons

Theindonesiatoday.com - PT Kayan Putra Utama Coal (KPUC) plans to gradually boost its coal production to 2.5 million tons per annum.

» Two Shareholders Sell Stake in BW Plantation

JAKARTA, Indonesia Today - Two shareholders of PT BW Plantation Tbk (BWPT), PT Mitra Energi Global (MEG) and PT Wahana Platinum Indonesia (WPI), have sold most of their ownership on 26 April 2012.

» Three More Citibank Officers Named Suspect in Malinda Case

Theindonesiatoday.com - National police has named three more Citibank officers as suspects in the case of Inong Malinda Dee, former relationship manager of Citibank Indonesia.

» Indocement Match Semen Gresik in Q1 Profit

JAKARTA, Indonesia Today - Second largest cement producer PT Indocement Tunggal Prakarsa (INTP) Tbk booked net profit of Rp1 trillion in the first quarter of 2012, matching the achievement of largest cement maker Semen Gresik.

» XL Appoints Gita Wirjawan's Wife as Commissioner

Theindonesiatoday.com - PT XL Axiata (EXCL) Tbk has appointed Yasmin Stamboel Wirjawan, wife of BKPM (Investment Coordinating Agency) Head Gita Wirjawan, as an independent commissioner.

» AWE Drills Atlas Prospect Next Year

Theindonesiatoday.com - Australia Worldwide Exploration (AWE) Ltd is evaluating an opportunity to drill the Atlas oil and gas prospect in East Java basin early next year.

» IDX Sets New Record High

The composite index of Indonesia Stock Exchange (IDX) gained only by 0.6% today, but that's more than enough to set a new record high of 3,013.

» PLN Operating Profit Soars 33.4% to Rp13.27 Trillion

Theindonesiatoday.com - State-owned electricity provider PT Perusahaan Listrik Negara (PLN) Tbk booked net profit of Rp10.06 trillion last year, down slightly by 2.6% from 2009. But the company's operating profit soared 33.4% to Rp13.267 trillion...

» European Markets End Substantially Lower

 Theindonesiatoday.com - European stock markets end substantially lower Monday (Sept 19) on renewed fears of a Greek debt default.

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