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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

Asian Markets, Tracking Wall Street

Theindonesiatoday.com - Regional stocks markets opened higher this morning to tracking gain in Wall Street last night. Dow Jones of Wall Street gained 1.58% and Nasdaq rose 1.63% on Tuesday (October 18). 

Stocks rallied Tuesday on reports that Germany and France are moving closer to finding a fix for the European debt crisis, AP reported.

In Europe, FTSE slipped 0.48% while DAX inched up 0.31%. Both markets were under pressured during the day but regained grounds ahead of closing. Moody's Investors Service on Tuesday downgraded Spain's government bond ratings.

Crude oil fell 0.35% to US$88.03 per barrel in Asian trading.

In regional, Hang Seng led by gaining 1.15%, followed by NZSE 0.91%, All Ordinaries 0.62%, Nikkei 0.58%, KLSE 0.47%, Straits Times 0.43%, Kospi 0.1% and Shanghai 0.03%. (hans@theindonesiatoday.com)

 


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» Anas Urbaningrum New Democratic Party Chairman

Young politician Anas Urbaningrum, has dramatically won the voting for the new chairman of the Democratic Party (PD) for the 2010-2015 period. Anas secured 280 votes, while his opponent Marzuki Ali, speaker of the House, only secured 248 votes. A...

» Stamford Tyres Increases Investment in STC Tyres (Malaysia)

Theindonesiatoday.com - Stamford Tyres Corporation Limited today announced it has increased its shareholding in STC Tyres (Malaysia) Sdn Bhd, from 50% to 100%.

» Bank Mandiri Plans to Acquire Bank and Insurer in 2011

Theindonesiatoday.com - PT Bank Mandiri Tbk (BMRI) prepares for unorganic growth in 2011 through acquiring one insurer and one bank, funded by the rights issue proceeds of Rp10 trillion, Bisnis Indonesia reported this morning.

» CPO Retreats to Below RM2700

The benchmark October contracts for CPO on Malaysia Derivatives Exchange retreated to RM2690 per ton this morning.

» Rio Tinto Acquires More Shares of Ivanhoe Mines

Rio Tinto confirmed today that it has acquired 40,08 million common shares of Ivanhoe Mines, increasing its ownership by 5.3 per cent to 34.9 per cent of Ivanhoe Mines’ outstanding common shares.

» Cipaganti Schedules IPO in First Half 2012

Theindonesiatoday.com - PT Cipaganti Citra Graha, a member of Cipaganti group, plans to offer 35% shares to public in the first half of 2012 through the initial public offering (IPO), to raise proceeds of Rp750 billion.

» Banpu Raises US$395 Mln from Selling 8.72% Indo Tambangraya Shares

Coal miner PT Indo Tambangraya Megah Tbk (ITMG) said Banpu Minerals (Singapore) (BMS) had today sold 98.5 million ITMG shares, or 8.72% of total company's shares, to institutional investors, for US$395 million.

» Court Ruled in Favor of Suryaprana in Friesland Lawsuit

Theindonesiatoday.com - Panel of judges at the Central Jakarta Commercial Court ruled against Friesland Brands BV, a Dutch-based company, in a trademark dispute with local company PT Suryaprana.

» KPK Reexamines Mandiri Sekuritas CEO, Two CIMB Securities Officers in Money Laundering Case of Nazaruddin

JAKARTA, Indonesia Today - The Corruption Eradication Commission (KPK) reexamines Harry M Supoyo, CEO of state brokerage firm PT Mandiri Sekuritas, Thursday as witness in money laundering case where Muhammad Nazaruddin, former treasurer of President...

» Senopati to Build Rp350 Billion Apartment

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» Garudafood, Sarinah Postpone IPO to 2012

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» KPPU to Investigate Chevron Deepwater Tender

Theindonesiatoday.com - The Business Competition Supervisory Commission (KPPU) plans to investigate tender of Indonesian Deepwater Development Project. 

» Asian Stocks Rebound, Bakrie flies

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» Bank Capital's Profit Surges on Higher Interest Income

PT Bank Capital Indonesia Tbk (BACA) announced on Monday its net profit surged by 169% in the first half, on the back of higher hinterest income.

» Gozco Plantations Posts 106% Profit Growth

Theindonesiatoday.com - Palm oil producer PT Gozco Plantations (GZCO) Tbk posted net profit of Rp88 billion in the first half of 2011, surged 106% from Rp42 billion in the same period of last year.

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