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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

CPO Gains, Plantation Stocks Mixed

Theindonesiatoday.com - The benchmark July contracts of crude palm oil (CPO) gained slightly by RM21 to RM3276 per ton on the Bursa Malaysia Derivatives Exchange this morning.

July contracts settle in the range of RM3,265 to 3,290 per ton. While for June delivery were between RM3,284 and 3,310 per ton.

Plantation stocks, meanwhile, are mixed. In JAKARTAAstra Agro Lestari soars 2%, while Sampoerna Agro inched up 0.78% . PP London, meanwhile, dropped 1.03%. Tunas Baru Lampung also down 1.14%, while BW Plantation slips 0.83%.

In SINGAPORE, most plantation stocks recover yesterday’s losses. WIlmar gains 1.35%, while First Resources and Kencana Agri advance 1.45% and 1.25% respectively. GoldenAgri and IndoAgri also gain 0.72% and 0.93%.

In KUALA LUMPUR, Kulim gains 0.3%, but the IOI and KL Kepong down 0.1% respectively. (teguh@theindonesiatoday.com)



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» IDX Claims Trading in Renuka Coalindo as Unusual

 Theindonesiatoday.com - PT Renuka Coalindo Tbk (SQMI) shares have been listed on Unusual Market Activity (UMA) by Indonesia Stock Exchange authority, today (14/12).

» PTBA's Coal Sales Volume Grows 10-11 Percent

PT Tambang Batubara Bukit Asam Tbk (PTBA) said its coal sales volume grew by 10-11 percent in the first half while production volume rose by 15-20 percent, detikfinance.com reported on Thursday.

» Catur Sentosa to Refinance Rp353.9 Billion Debt

Theindonesiatoday.com - PT Catur Sentosa Adiprana Tbk (CSAP), which owns the Mitra10 hardware store chain, plans to refinance its debt worth Rp353.9 billion by end of this year, Bisnis Indonesia reported this morning.

» Samko Timber Acquires Bioforest Sulawesi from Temasek

SINGAPORE, Indonesia Today - Samko Timber Ltd has entered into a conditional sale and purchase agreement to acquire 100% shares in Bioforest Private Ltd from Temasek Life Sciences Ventures Pte Ltd.

» Eterindo Secures US$2.2 Million Loan from Bank SBI Indonesia

Resin and plasticizers manufacturer PT Eterindo Wahanatama Tbk (ETWA) said it had on 31 August 2010 signed loan facility agreement worth US$2.2 million (Rp19.89 billion) with Bank SBI Indonesia.

» South Sea Petroleum Issues US$250 Million CD for Indonesia Expansion

Theindonesiatoday.com - South Sea Petroleum Holdings Limited has on April 4th, 2011 entered into a subscription agreement with the subscriber for US$250 million 3% interest of 10-year convertible debentures due 2021.

» Telkom Kicks Off Shares Buyback Program

Theindonesiatoday.com - PT Telekomunikasi Indonesia (TLKM) Tbk has kicked off the fourth shares buyback program this morning. Telkom plans to buyback up to 2.07% of the total issued shares with maximum purchase of Rp3 trillion.

» CITIC Bags A$802 Million from Macarthur Coal Disposal

Theindonesiatoday.com - Citic Coal, a subsidiary of Citic Resources Holdings Limited---controlling shareholder in Seram oil and gas block, Maluku---will receive A$802 million from the disposal of its shareholding in Macarthur Coal, Australia.

» Freeport Soars as Grasberg Resumes Shipment

Theindonesiatoday.com - Freeport McMoRan Copper & Gold (FCX) shares jumped 3.25% last night to US$44.47 per share following reports of copper shipment restart post infamous Grasberg mine major strike.

» IDX Drops 1.89% at Morning Close

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade down 1.89% at 3,911.11, following the negative sentiment in regional markets. 

» Astra Secures US$145 Million Facility

Theindonesiatoday.com - PT Astra International (ASII) Tbk, the largest company on IDX by market capitalization, has on May 13, 2011 signed a revolving facility agreement amounted US$145 million.

» Unilever Indonesia to Pay Dividend of Rp2.62 Trillion

Theindonesiatoday.com - PT Unilever Indonesia Tbk (UNVR), one of the country's consumer goods producer, will pay final dividend of Rp2.62 trillion, Rp344 per share, for 2010 profit to shareholders recorded at July 1, 2011.

» Kiki Barki Repurchased Harum Shares

Theindonesiatoday.com - PT Karunia Bara Perkasa, a company controlled by Kiki Barki family, has repurchased 2.36 million shares in PT Harum Energy (HRUM) Tbk in the period of November 28 to December 1st, 2011.

» Coal Shares Lost Further Steam

JAKARTA, Indonesia Today - Pressures continued on coal shares this morning as Nymex crude oil drops further by 1.2% to below US$96 per barrel in Asian trading.

» Antam & Paramount Join Forces in Coal Development

Theindonesiatoday.com - PT Indonesia Coal Resources, a subsidiary of PT Aneka Tambang (ANTM) Tbk, and PT Paramount Energi, a subsidiary of Paramount Mining Corporation Ltd have entered into a key coal agreement. 

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