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…
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…
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,…
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…
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…
Avillion Hotel Expands in Indonesia
KUALA LUMPUR, Indonesia Today - Avillion Hotel Group Sdn Bhd (AHG) and Avillion Hotels International Sdn Bhd (AHI), both wholly…
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.
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.…
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…
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…
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…
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…
Latest News
Summarecon Books Rp1.65 Trillion Pre Marketing SalesJAKARTA, 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 Read more |
Basarnas Stops Evacuation Operation of Sukhoi’s VictimsJAKARTA, Indonesia Today – The National Search and Rescue Agency (Basarnas) has decided to stop the operation to evacuate all vi... People | Friday, 18 May 2012 Read more |
Moody's Downgrades 16 Spanish BanksMADRID, 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 Read more |
Suharto’s Grandson Fails to Show Up for Police SummonJAKARTA, Indonesia Today - Ari Haryo Wibowo Hardjojudanto, popular as Ari Sigit, grandson of the late president Soeharto and a su... People | Friday, 18 May 2012 Read more |
APP Announces New Policies on High Conservation Value ForestJAKARTA, Indonesia Today - Asia Pulp & Paper Group (APP) has announced its new High Conservation Value Forest policies to ev... Chemical | Thursday, 17 May 2012 Read more |
Zacks Investment: Indonesia, the Rising Star of AsiaCHICAGO, Indonesia Today - Emerging markets are an important part of the global economy and increasingly significant contributors to the gl... Stocks | Thursday, 17 May 2012 Read more |
Prisma Resources Deploys NetSuite Cloud Solution for Business EfficiencySAN 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 Read more |
Linktone Reports Lower Revenue in Q1, Indonesian Regulation a FactorBEIJING, Indonesia Today - Linktone Ltd., a provider of media and entertainment content and services in key strategic markets in ... Telco | Thursday, 17 May 2012 Read more |
Govt Mulls Gas Hydrates Deepwater ExplorationTANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources is considering gas hydrates deepwater exploration on southern Sumatera–Java is... Energy | Wednesday, 16 May 2012 Read more |
Political Issues Undermine Oil and Gas Investment in IndonesiaTANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources admits that political atmosphere complicates the oil & gas ... Energy | Wednesday, 16 May 2012 Read more |
Sinarmas Land Acquires Bumi Samarinda IndahSINGAPORE, Indonesia Today - Sinarmas Land Limited together with its subsidiaries (the Group) announces today that its subsidiary has subscribed ... Property | Wednesday, 16 May 2012 Read more |
Augur Confirms Excellent Metallurgical Results from WonogiriSYDNEY, Indonesia Today - Augur Resources Ltd announces today that results from ALS Ammtec confirm the excellent recoveries by floating wi... Mining | Wednesday, 16 May 2012 Read more |
Naga Selatan-1 Well Drilling Reaches 5,000 FeetMELBOURNE, 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 Read more |
Padang Resources Secures Drill Core and Data on Paser ProjectSYDNEY, Indonesia Today - Padang Resources Limited has secured the drill core and data from previous exploration undertaken on the Pa... Mining | Wednesday, 16 May 2012 Read more |
Medco Files Counterclaim against Rio KurniaJAKARTA, 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 Read more |
Indonesia Enhances Resilience to Global Volatility with World Bank SupportWASHINGTON, 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 Read more |
Sukhoi's Black Box FoundBOGOR, 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 Read more |
CBM Asia & Continental Join Forces for Indonesian CBMJAKARTA, Indonesia Today - Continental Energy Corporation and CBM Asia Development have signed a joint study and bid group agreement fo... Energy | Tuesday, 15 May 2012 Read more |
Andalan Prospect Drilling Going Well, Hess SaysTANAH LOT, Indonesia Today - Hess Corporation says drilling at Andalan prospect on Semai V Block, Papua is currently going we... Energy | Tuesday, 15 May 2012 Read more |
Mining and Agriculture Stocks Push IDX DownJAKARTA, 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 Read more |
Moody's Downgrades Italian Banks, Outlooks Remain NegativeMILAN, 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 Read more |
Lawmakers to Summon Transportation Minister on Sukhoi CrashJAKARTA, Indonesia Today - Commission V of The House (overseeing transportation and communication) will summon Transportation Minister related with the ... People | Tuesday, 15 May 2012 Read more |
KPPU Appeals Pfizer and Dexa Medica to Supreme CourtJAKARTA, Indonesia Today – Business Competition Supervisory Commission (KPPU) makes further legal action on the drug cartel allegation case against PT... Regulations | Tuesday, 15 May 2012 Read more |
Bank Nagari Kicks Off Rp225 Billion Bond IssueJAKARTA, Indonesia Today - Regional development bank PT Bank Pembangunan Daerah Sumatera Barat (Bank Nagari) announces on prospectus today it pl... Banking | Tuesday, 15 May 2012 Read more |
Finance Photo
Theindonesiatoday.com - Stock price of Bumi Plc closed lower by 4.53% in London Stock Exchange last night despite offer from PT Borneo Lumbung Energi (BORN) to acquire 23.8% shares at 46% premium to its average price in the past 20 days.
Bumi Plc, controlled by Bakrie Group through Bakrie & Brothers (BNBR) and Long Haul, dropped 4.53% to 7.06 pound sterling, way below the price offered by BORN at 10.9 pound sterling.
BORN plans to finance the US$1 billion acquisition with loans from Standard Chartered Bank. Closing of the transaction is pending approval from shareholders, scheduled for an extraordinary meeting on December 15.
Yesterday, BORN shares crashed 15.5% in JAKARTA, while Bumi Resources, where Bumi Plc has 29% shares, dropped almost 9%. (Theindonesiatoday.com)
Bumi Plc Borneo Lumbung Energi
- Multistrada Kicks Off Rights Issue Rp1.5 Trillion
- Mitsui Admits Underperformance of Indonesian Motorcycle Financing Unit
- BUMI Recovers, Borneo Regains Only 2.3%
- IDX Ends Up 2.12%, European Development Boosts
- Fast Food Books Rp175 Billion Profit
- Bunge to Invest Rp368.36 Billion in TPS Food's Unit
- Stanchart Funds Borneo $1 Billion for Bumi Plc Acquisition
- Pakuwon Acquires Elite Prima for Rp1.3 trillion
- Hexindo Reports 61% Growth in Profit
- BJBR Posts Flat Profit Growth in Nine Months
» Challenger Secures Option to Acquire Kalimantan Coal Project
» IPGA Acquires PT Web Marketing
» Indosat Appoints Altobridge as Supplier for Mobile Connectivity
» Central Omega to Acquire Coal Mine in Kalimantan for US$20 Million
» Pukuafu Accuses Masbaga for Falsifying Documents to Sell Newmont Shares
» Korea EWP Seeking Coal for Dangjin Power Plant
» Govt Approves POD for Abadi Floating LNG Project
» Nexus Wins Ministry of Transport S$19 Million Contract
» BII to Issue Rp1.5 Trillion Subdebt
» BNI Plans $500 Million Subdebt
» US President Obama Sets to Visit Indonesian on Nov 9-10
» Central Omega Books Rp76.63 Billion Profit in Q1
» Newmont Goes Ahead with IPO Next Year, Says Martiono
» Dian Swastatika Coal Unit to IPO Next Year
» Venezuela Wins Miss World 2011, Indonesia's Astrid Joins Top 15
Latest News
- Court Makes No Decision Yet on Newmont Divestment Dispute
- Long Holidays Save Indonesian Stock Market
- National Commercial Banks Post 25.1% Loan Growth in Q1
- HSBC Continues to Simplify Operations
- CPO Regains Ground, Plantation Shares Mixed
- BSD Falls 9%, Profit Taking Hits Property Stocks
- ALTO Water Producer to Launch IPO in End June
Most Read
- Eight Volcanoes Status Raised to Level II
- Tube8.com Remains Popular Porn Site Despite Crack-down
- Youporn and Pornhub Lost Grounds in Indonesia
- Top 10 Companies on IDX by Market Capitalization
- Toba Sejahtera to Launch IPO in December
- Sinarmas coal unit secured US$100 Million Loan from Bank Mandiri
- Tata Power indirectly offloads 4.5% shares in KPC & Arutmin
- Finance Ministry Launches Indonesia Infrastructure Finance
- Kodeco Platform Hit by Vessel, No Report of Oil Spill, BPMigas Says
- Kertas Nusantara Sets Up Partnership with Medco Papua
- Guthrie to Acquire 6 Domba Mas Group Units, Report Says
- Merukh Enterprises, India's Salgaocar to Mine Iron Ore in Sumba
- Indonesia to Offer 10 Infrastructure Projects Through PPP Scheme
- Medco, Pertamina Intensify Talks for Merger, Joint Operation
- MNC Group Snaps Up English Premier League Broadcast Rights