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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

IDX Open Up

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened up 0.74% at 3,293.51 this morning while regional markets were mixed.

Dow Jones of Wall Street gained 1.44% and Nasdaq rose 2.95% on Tuesday (Oct. 4), helped by the rally ahead of closing.

In Europe, FTSE and DAX were remain under pressure, falling 2.58% and 2.98% each. Concerns about financial conditions in Europe and Greece's ability to pay its debts still weighed on market sentiment.

In regional, All Ordinaries gained 0.57%, KLSE rose 0.59%, Straits Times increased 0.33% and NZSE inched up 0.1%. While Hang Seng dropped 3.4%, Kospi fell 1.98%, Nikkei down 0.83% and Shanghai declined 0.25%.

In JAKARTA bourse, Bumi Resources gained 3.73%, Adaro Energy rose 2.61%, Lippo Karawaci climbed 3.39%, Bank Rakyat Indonesia added 1.89%, Bank Mandiri advanced 0.9%, Astra International gained 0.6%, Lippo Cikarang rose 2.7% and Intraco Penta jumped 3.39%.

Crude oil rose rose 2.55% to US$77.60 per barrel. The rupiah further weakened to Rp8,960 against the US Dollar. (hans@theindonesiatoday.com)

 



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» Bank Indonesia Holds BI Rate Unchanged at 6.5%

Bank Indonesia decided to keep benchmark BI rate unchanged at 6.5 percent at its board meeting on Friday, given modest increase of inflation in August and strong capital inflow.

» Regional Markets Open Lower

Theindonesiatoday.com - Regional stock markets opened lower this morning to tracking Wall Street and European markets. Dow Jones of Wall Street dropped 2.2% on Friday last week. US stocks dive after government says that hiring halted in August,...

» Askrindo, Five Brokerage Firms Investigated for Corruption

Theindonesiatoday.com - Indonesian police investigates state-owned insurance company PT Asuransi Kredit Indonesia (Askrindo) for an allegation of embezzled funds of Rp500 billion.

» Cardig Trading Debut on Monday

Theindonesiatoday.com - PT Cardig Aero Services (CASS) Tbk will kick off trading of its shares on the Indonesia Stock Exchange (IDX) Monday, December 5th.

» IDX Ends Up 0.74% on Volatile Trade

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) ended up 0.74% at 3,451.08 on Monday (Oct. 10) but trade was volatile amid the absence of strong positive news.

» Jasa Raharja Books Rp1.42 Trillion Profit in 2011

JAKARTA, Indonesia Today - State insurance company PT Jasa Raharja posted profit after tax of Rp1.42 trillion in 2011, increased 27.4% from Rp1.11 trillion in 2010.

» Otto Marine Suffers $9.0 Million Loss in Q1

SINGAPORE, Indonesia Today - SGX-listed Otto Marine Limited reported net loss of US$9.0 million in the first quarter (Q1) of 2012 on revenue of US$119.8 million.

» Govt to Revise Ceiling Tariff for Geothermal

JAKARTA, Indonesia Today - Indonesian government will increase the feed-in tariff of geothermal-power electricity purchase to US$9-US$10 cent per kWh.

» Garuda Enters Syariah List, Bakrie Telecom Kicked Out

Theindonesiatoday.com - Shares of flag carrier PT Garuda Indonesia Tbk (GIAA) enters into syariah stocks list per November 2011, while Bakrie Telecom was kicked out from the list.

» Pressures Continues in Asia

Theindonesiatoday.com - Stock markets in the region opened substantially lower this morning to tracking global sentiment from Greek's plan to call a referendum on the bailout. 

» Central Omega Shares Halted

Theindonesiatoday.com - The Indonesia Stock Exchange (IDX) today halted trading in shares of nickel and copper producer PT Central Omega Resources Tbk (DKFT), formerly named PT Duta Kirana Finance Tbk.

» PLN, Energi Sengkang Agree on Tariff Hike

SYDNEY, Indonesia Today - State-owned electricity utility company, PT PLN, has clinched interim agreement with PT Energi Sengkang, a subsidiary of Energy World Corporation Ltd, which settles the price increment to the gas fuel supply for the 195MW...

» Listrindo Kicks Off Trading of US$500 Million Notes Wednesday

SINGAPORE, Indonesia Today - Listrindo Capital BV, subsidiary of PT Cikarang Listrindo, kicks off trading of its US$500 million 6.95% Senior Notes due 2019 on Singapore Exchange Wednesday (Feb 22).

» Indover Kurator Filed Bankruptcy Claim Against Djakarta Lloyd

Theindonesiatoday.com - The bankruptcy process of NV De Indonesische Overzeese Bank, widely known as Indover bank, has led to bankruptcy claim against another company. The curator of Indover has filed a bankruptcy calim against Djakarta Lloyd...

» Daihatsu to Boost Indonesian Facility

Daihatsu Motor Corporation plans to boost further its car assembling facility in Indonesia to 350,000 units per annum, Bisnis.com reported. 

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