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President to Issue Regulation on Land Acquisition This Month End

President to Issue Regulation on Land Acquisition This Month End 

JAKARTA, Indonesia Today - Minister of Industry MS Hidayat is optimistic the President Regulation about Land Acquisition will be issued…

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Court Validates Vastex PKPU, Escapes Bankruptcy

Court Validates Vastex PKPU, Escapes Bankruptcy 

JAKARTA, Indonesia Today - Textile company PT Vastex Prima Industries escapes bankruptcy as the Central Jakarta Commercial Court has decided…

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PLN to Spend Rp2.54 Trillion for Rural Electricity Program

PLN to Spend Rp2.54 Trillion for Rural Electricity Program 

JAKARTA, Indonesia Today - State-utility PT PLN will spend Rp2.54 trillion of fund allocated from State-Budget (APBN) this year to…

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Metrodata to Raise Rp155 Billion from Rights Issue

Metrodata to Raise Rp155 Billion from Rights Issue 

JAKARTA, Indonesia Today - Electronics and ICT products retailer PT Metrodata Electronics Tbk (MTDL) announces on prospectus today it plans…

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Three Gas Fields Commence Production

Three Gas Fields Commence Production 

JAKARTA, Indonesia Today - Three gas fields with total potential production of 130 million metric cubic feet per day (mmscfd)…

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Bank Permata Kicks Off Rp700 Billion Subdebt Issue

Bank Permata Kicks Off Rp700 Billion Subdebt Issue 

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) announces on prospectus today it plans to issue subordinated bond (subdebt)…

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Fitch Downgrades Greek Banks to 'CCC'

Fitch Downgrades Greek Banks to 'CCC' 

BARCELONA, Indonesia Today - Fitch Ratings has downgraded National Bank of Greece's, Efg Eurobank Ergasias', Alpha Bank's, Piraeus Bank's and…

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Summarecon Books Rp1.65 Trillion Pre Marketing Sales

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…

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Basarnas Stops Evacuation Operation of Sukhoi’s Victims

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…

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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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Latest News

Fitch Affirms Telkomsel at 'BBB'/'AAA(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has today affirmed Indonesia-based PT Telekomunikasi Selular's (Telkomsel) Long-Term Foreign and Local Currency Issuer De...

Telco | Monday, 21 May 2012

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Fitch Affirms Bank Riau Kepri at 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has affirmed PT Bank Pembangunan Daerah Riau Kepri's (Bank Riau Kepri) National Long-Term Rating at...

Banking | Monday, 21 May 2012

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Fitch Upgrades BPD Maluku to 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has today upgraded PT Bank Pembangunan Daerah Maluku's (Bank Maluku) National Long-Term Rating and se...

Banking | Monday, 21 May 2012

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Astra Sedaya Financing Likely to Go Up to $200 Million

JAKARTA, Indonesia Today - The US$120 million three-year term loan for Astra Sedaya Finance is oversubscribed and may be increased to...

Banking | Monday, 21 May 2012

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Templeton's Investment in Indonesia Declines to 5% in April

FLORIDA, Indonesia Today - Templeton Global Income Fund invested 5% of its total net assets in Indonesia as of April 30...

Stocks | Monday, 21 May 2012

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Pratt & Whitney Canada Signs 5-Year Service Agreement with Pacific Royale Airways

MINNESOTA, Indonesia Today - Pratt & Whitney Canada SEA (P&WC SEA), located in Singapore, has signed a five-year Maintenance, Repair an...

Transportation | Monday, 21 May 2012

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Nomura Research Establishes Representative Office in Jakarta

TOKYO, Indonesia Today - Nomura Research Institute Ltd. (NRI), a leading provider of consulting services and system solutions, today announces th...

Internet | Monday, 21 May 2012

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Omedia Again Extends Megapower Acquisition

KUALA LUMPUR, Indonesia Today - Oriented Media Group Berhad (Omedia) extends its proposed acquisition of 85% equity interest in PT Me...

Energy | Monday, 21 May 2012

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Interra's Goldpetrol Commences Drilling in Myanmar

SINGAPORE, Indonesia Today - Interra Resources Limited, a company controlled by Indonesian tycoon Edwin Soeryadjaya, announces today that its jointly co...

Energy | Monday, 21 May 2012

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JSW Steel Production Grows 10% in April

SINGAPORE, Indonesia Today - JSW Steel Limited reported monthly crude steel production of 7.15 lacs tons for April 2012, with a ...

Steel | Monday, 21 May 2012

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Tunas Ridean to Acquire Izusu Distributor

JAKARTA, Indonesia Today - Car distributor and dealer PT Tunas Ridean Tbk (TURI) and its unit PT Tunas Mobilindo Parama pl...

Automotive | Monday, 21 May 2012

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Surya Toto to Build Sanitary Factory This Year

JAKARTA, Indonesia Today - Sanitary and plumbing company PT Surya Toto Indonesia Tbk (TOTO) intends to build new sanitary factory in...

Stocks | Monday, 21 May 2012

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Zebra NUsantara to Acquire CNG Distributor

  JAKARTA, Indonesia Today - Transportation company PT Zebra Nusantara Tbk (ZBRA) plans to acquire a company, distributor of compressed natural gas...

Transportation | Monday, 21 May 2012

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Mother of Hidayat Nur Wahid Passes Away

JAKARTA, Indonesia Today – Siti Rahayu, mother of Hidayat Nur Wahid, Jakarta governor candidate from the Prosperous Justice Party (PKS), ha...

People | Monday, 21 May 2012

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Bank Riau Kepri Books Rp64 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Riau Kepri reported profit after tax of Rp63.89 billion in the fi...

Banking | Monday, 21 May 2012

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Bank Sulselbar Books Rp68 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Sulawesi Selatan dan Barat (Sulselbar), formerly PT Bank Sulsel, posted consolidated pr...

Banking | Monday, 21 May 2012

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BCA Targets Rp4 Trillion Loan for Infrastructure

JAKARTA, Indonesia Today - PT Bank Central Asia (BCA) Tbk (BBCA) targets to loan Rp3-4 trillion for infrastructure sector in ...

Banking | Sunday, 20 May 2012

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BI Rules on Rewards Restriction and Individual Ownership in Banks

JAKARTA, Indonesia Today - Central bank Bank Indonesia (BI) releases policy direction for conventional banking this year, including the restriction ...

Banking | Sunday, 20 May 2012

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Ratu Prabu Plans Rigths Issue in Q3

JAKARTA, Indonesia Today - PT Ratu Prabu Energy Tbk (ARTI) plans to issue new shares through pre-emptive rights scheme in ...

Stocks | Saturday, 19 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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Latest News

Demand Weakness & Fuel Prices Force Singapore Airlines Cargo to Cut 20% Capacity

SINGAPORE, Indonesia Today - Singapore Airlines Cargo has cut freighter capacity by 20 percent in response to continuing weakness in demand and high fuel prices.

Singapore Airlines told Singapore Exchange (SGX) Wednesday (Feb 22) that the capacity reductions were implemented recently and will continue into the Northern Summer operating season which starts late next month.

“The air cargo market has shown weakness for the past nine months, and the depressed demand that we are seeing across all markets gives us little reason to be optimistic about the near-term outlook,” said SIA Cargo President, Mr Tan Kai Ping.

“With no improvement expected in the first half of this calendar year, and with stubbornly high fuel prices pushing up costs, we have taken appropriate action to reduce our freighter operations to better match capacity to demand.”

Nymex crude oil is now traded around US$105 per barrel.

SIA Cargo has a fleet of 13 Boeing 747-400 Freighters. The capacity reductions, which are mainly for long-haul services, have led to a corresponding reduction in the number of flying hours for each aircraft. (Indonesia Today)

Singapore Airlines Cargo


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» Indonesia Crude Price $113.82 per Barrel in June

Theindonesiatoday.com - Indonesia Crude Price (ICP), national benchmark for light sweet crude oil, reached US$113.82 per barrel in June 2011, declined from US$115.18 in previous month.

» IDX Gains 0.07% at Opening

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange turned up 0.07% at 3,676.28 this morning after opening down in line with regional markets.

» Weather Anomaly Leaves Farmers in Limbo, Food Prices Surge

Media reports this morning highlighted how farmers are now in limbo after their harvests failed due to weather anomaly. As a result, some basic foods such as rice, chili and egg increased.

» Transworld Awards 3D Seismic Contract to PGS Nusantara

Theindonesiatoday.com - Transworld Seruway Exploration Limited (TSEL), a wholly-owned subsidiary of MEO Australia Limited, has executed a contract with PT PGS Nusantara for the acquisition of a 705 km 3D marine seismic survey in...

» Adaro Owner Helps Funding Media Acquisitions

Media company PT Mahaka Media Tbk (ABBA) plans to increase stake in PT Danapati Abinaya Investama that owns broadcasting company JakTV and to buy stake in PT Adhara Dhanapa Mahardhika, parent company of Golf Digest Indonesia and Parents...

» IDX Opens Up 2.4% Following Regional

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» Rejects SBY's Offer, PDI-P Nominates Joko Widodo as Jakarta Governor

JAKARTA, Indonesia Today - PDI-P has rejected an offer from President SBY's Demokrat Party to pairing incumbent governor Fauzi Bowo and PDI-P cadre Adang Ruchiatna in Jakarta's election scheduled July 2012.

» UBS, Citigroup Appointed as Global Selling Agents for Garuda's IPO

PT Garuda Indonesia, national flag carrier, had on Thursday decided to appoint UBS and Citigroups as global selling agents for its initial public offering scheduled for November this year, Bisnis Indonesia reported on Friday.

» Indosiar and Unit Secure Rp490 Billion Loan Facility from BCA

JAKARTA, Indonesia Today - PT Indosiar Karya Media Tbk (IDKM) has in January 30, 2011 signed loan facility of Rp155 billion provided by PT Bank Central Asia (BCA) Tbk (BBCA). Its subsidiary PT Indosiar Visual Mandiri (IVM) also has in the same day...

» DPR Considers to Curb Foreign Domination in Public Accounting Services

Theindonesiatoday.com - The House of Represnetative (DPR) Commission XI considers to curb the foreign firms' domination in the public accounting services business in Indonesia, detikfinance reported on Monday.

» Asian Stocks Tracking Wall Street in Red

Theindonesiatoday.com - Asian stock markets opened mostly lower this morning to tracking Wall Street and Euro zone, which ended in deeper red Wednesday (Sept 21).

» Astra Agro CPO Production Grows 17% in January

Theindonesiatoday.com - Plantation company PT Astra Agro Lestari Tbk (AALI) reported it produced 92,116 tons of crude palm oil (CPO) in January 2011, increased 17.3% from 78,524 tons in January 2010. For whole year of 2010, it produced 1.11 million...

» Export Increases 24.65% in January

Theindonesiatoday.com - Indonesia's export in January 2011 increased 24.65% to US$14.45 billion, of which non oil and gas export accounted for US$11.94 billion.

» Papua Election Scheduled August 14

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» Solusi Tunas Targets to Acquire 4 Tower Companies

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