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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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Finance Photo

BTPN to Offer Bonds Tomorrow

Theindonesiatoday.com - PT Bank Tabungan Pensiunan Nasional Tbk's (BTPN) will offer its Rp500 bonds tomorrow (Wednesday) and on Thursday (June 23) with listing at stock exchange scheduled for June 30, 2011.

The bonds will be issued in two series; series A with 3 years tenor amounting Rp165 billion and series B with 5 years tenor amounting Rp335 billion.

The series A bond will carry coupon of 9.25% and series B for 5 years tenor with coupon of 9.90%. The bonds proceeds will be used for supporting loan expansion.

Acting as underwriters for the bonds are PT Danareksa Sekuritas, PT Indo Premier Securities and PT Standard Chartered Securities Indonesia. (hans@theindonesiatoday.com)

BTPN, Bank Tabungan Pensiunan Nasional


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» Adira Q1 Profit Grows 16.5%

Theindonesiatoday.com - Consumer financing company PT Adira Dinamika Multifinance (ADMF) Tbk, subsidiary of Bank Danamon, booked net profit of Rp387.64 billion in the first quarter of 2011, representing a 16.5% growth from the corresponding period...

» eForce Delays Further Closing of Kalimantan Coal Acquisition

Theindonesiatoday.com - eForce Holdings Limited and vendors have agreed to extend the long stop date of HK$500 million acquisition of coal mine in Kalimantan to October 2011.

» Antam to Issue $350 Mln Bonds, Seek $650 Mln Loan

Theindonesiatoday.com - State miner PT Aneka Tambang (Antam) Tbk (ANTM) plans to issue rupiah bonds, equivalent US$350 million, by end of this year and seek project financing of US$650 million to fund ferronickel project in Buli, East Halmahera,...

» BP Turns to Profit on Gulf of Mexico's Contribution

Theindonesiatoday.com - British Petroleum Plc (BP) recorded $10.8 billion of net profit for the first half of 2011, compared to $11.38 billion of net loss in the same period of 2010 as its Gulf of Mexico oil spill response turned to profit.

» BCA Finance Sets Bond Coupon at 6.05-8%

JAKARTA, Indonesia Today - PT BCA Finance, unit of PT Bank Central Asia (BCA) Tbk (BBCA), offers coupon for its Rp1 trillion bond at between 6.05% to 8%.

» HESS Reports Net Income Of $607 Million in Q2

Theindonesiatoday.com - Hess Corporation (NYSE: HES) reported net income of $607 million for the second quarter of 2011 up from $375 million for the second quarter of 2010.

» IDX Closes Below 3,800 on Light Profit Taking

 Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) ended Monday up 0.87% at 3,792.15 as light profit taking in afternoon session cut the index's 1.09% gain in the morning trade.

» Southern Arc Minerals Joins OTCQX

Theindonesiatoday.com - Southern Arc Minerals Inc, a Canadian mineral exploration company with substantial mining assets in Indonesia, has joined OTC Markets Group Inc (OTCQX), the financial information and technology services company that provides...

» Public Criticize the Arrest of Old Man Passes By SBY

Theindonesiatoday.com - Public criticize security officers for arresting an old man named Made Minta, who managed to walk freely in front of President SBY when the president opened the ASEAN Fair Trade in Nusa Dua, Bali yesterday.

» Salim Ivomas IPO Price Set at Rp1,100, Lower Bound

Theindonesiatoday.com - PT Salim Ivomas (SIMP) Tbk and its underwriters have agreed to offer 3.16 billion shares at Rp1,100 per share. 

» MEO Prepares POD for Gurame Gas Discovery, Sumatra

SYDNEY, Indonesia Today - MEO Australia Limited is working on a variety of activities aimed at maturing a Plan of Development (POD) for the Gurame gas discovery within the Seruway PSC, Indonesia.

» Lautan Luas margin squeezed

Chemical manufacturer and distributor PT Lautan Luas Tbk posted operating profit of Rp39.4 billion in the first quarter of 2010, slashed 60% from the same period last year on lower sales and margin. 

» Mahaka Media Revenues Jumps 44%

Theindonesiatoday.com - PT Mahaka Media (ABBA) Tbk, publisher of Republika newspaper, reported 44% sales revenue growth in the first nine months of 2011 to Rp182.4 billion, bolstered mostly by advertisements and TV broadcasting.

» China BlueChem Posts RMB1.03 Billion Profit

Theindonesiatoday.com - Fertilizer producer China BlueChemical Ltd booked net profit of RMB1.03 billion in the first half of 2011, almost doubled from the corresponding period in 2010 on stronger sales revenue.

» IDX Recovers 0.79%, Asian Gains Evaporate

Theindonesiatoday.com - Composite index of Indonesia Stock Exchange (IDX) gains 0.79% Tuesday (Sep 13) morning to tracking regional and Wall Street.

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