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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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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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Indonesia Finance

Giant coal miner PT Bumi Resources will distribute dividend of US$57.13 million, or Rp 27.68 per share, for the 2009 fiscal year. The decision on dividend payment was made by shareholders on annual general meeting on Thursday.

The dividend payment represents a 30 percent of total Bumi's 2009 net profit. The company booked net profit of US$190.45 million and revenue of US$3.22 billion last year. 



     



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» Energy Council Member: All Oil Production Shall be for Domestic

JAKARTA, Indonesia Today - Herman Darnel Ibrahim, member of Indonesian Energy Council and ex-Director of Transmission and Distribution of PT PLN, believes all Indonesian oil & gas production shall be allocated to domestic market only in the future...

» IDX Opens Lower on Fitch Warning

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened down 0.57% at 3,792.32 this morning following the falls in regional markets, to tracking substantial correction in the Wall Street last night.

» Indonesia, Third Largest Market for Sony Ericsson

Theindonesiatoday.com - Sony Ericsson assessed Indonesia as the third largest investment destination in Asia after Taiwan and India currently.

» Kalbe Farma Boosts Online Sales

Theindonesiatoday.com - Pharmaceutical giant PT Kalbe Farma (KLBF) Tbk has launched online sales of its products. The company expects to reach 100,000 new customers through the online campaign.

» Manpower Ministry Briber Sentenced 2.5 Years Prison

JAKARTA, Indonesia Today - Jakarta Corruption Court has on Monday (Jan 30) sentenced Dhanarwati, bribe defendant of Regional Infrastructure Development Acceleration (PPID) program at the Manpower and Transmigration Ministry.

» Telkomsel Settles 2 Major Debts in First Quarter

JAKARTA, Indonesia Today - PT Telekomunikasi Selular (Telkomsel), the largest cellular operator company in Indonesia, settled two major debts in the first quarter 2012.

» Bakrie Connectivity Selects Smith Micro for Mobile Solution

Theindonesiatoday.com - PT Bakrie Connectivity, a leading wireless broadband provider in Indonesia and wholly-owned subsidiary of PT Bakrie Telecom Tbk (BTEL), has selected Smith Micro Software, Inc. for its first mobile connection management...

» Interra Acquires West Papua Oil and Gas TAC

SGX-listed Interra Resources Limited has entered into a sale and purchase agreement with Merona Capital Limited to acquire Linda Sele contract area in West Papua.

» RBA Unit Reportedly Bribed BI Officials US$1.3M to Secure Banknote Printing Contract

Undisclosed Bank Indonesia officials were alleged to have received bribes from Australian banknote printing companies, Securency International as well as Note Printing Australia (NPA), a subsidiary of the Reserve Bank of Australia, for awarding the...

» Matahari Department to Merge with Meadow Indonesia

Theindonesiatoday.com - PT Matahari Department Store Tbk (LPPF), formerly PT Pacific Utama Tbk, announces on prospectus today it will merge with PT Meadow Indonesia.

» White Energy-Bayan Ends Partnership, Damages Compensation Sought

SYDNEY, Indonesia Today - White Energy Company Ltd and BCBC Singapore Pte Ltd (BCBCS) intend to pursue Bayan Resources (BYAN) and all responsible entities for all damages suffered as a result of what the companies claimed as Bayan's wrongful...

» CPO Retreats to RM2435

The benchmark October contracts of CPO on Malaysia Derivatives Exchange retreated to RM2435 per ton this morning, declined RM15 from last week's settlement. 

» Hatta: Take the Newmont Purchase Dispute to Constitutional Court

Theindonesiatoday.com - Coordinating minister for the economy Hatta Rajasa suggests a legal opinion from the Constitutional Court (MK) to end the dispute over 7% shares in PT Newmont Nusa Tenggara.

» Sutech Engineering to Build Tunas Baru's Sugar Refinery

Theindonesiatoday.com - CPO producers PT Tunas Baru Lampung Tbk (TBLA) had in December 19, 2011 signed contract with Sutech Engineering Co Ltd for the engineering, procurement and consulting for sugar refinery plant.

» TiPhone Downsizes IPO, Priced Rp310

Theindonesiatoday.com - Cellular phone disributor PT Tiphone Mobile Indonesia Tbk has set its IPO price at Rp310 per share, and downsizes to 1.66 billion, representing 25% of its total issued capital.

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