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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

Diversfied group PT Astra International Tbk (ASII) will pay dividend of Rp1,120 per share or a total of Rp4.53 trillion for 2009 fiscal year, which represents 45% of the company’s last year's net profit of Rp10.04 trillion.

The dividend payment decision was approved by shareholders at a company’s annual shareholders’ meeting today. The above-mentioned dividend includes interim dividend that has been paid earlier, amounting to Rp290 per share. 

The final cash dividend of Rp830 per share will be paid on July 5, the company’s  corporate communication officer Aries Istanto told reporters.



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» Catcha Group Acquires mobil123.com

SYDNEY, Indonesia Today - iCar Asia Pte Ltd, a wholly-owned subsidiary of iCar Asia and part of the Catcha Group, has agreed to acquire mobil123.com from iProperty Group.

» TiPhone Revises Up Revenue Target in Line with Acquisition

Theindonesiatoday.com - Cellular phone distributor PT Tiphone Mobile Indonesia Tbk (TELE) revises up its revenue target to Rp11 trillion for this year from initial target Rp8 trillion inline with the planned acquisition of three companies.

» Telkom, SK Telecom to Jointly Develop Digital Content JV

Indonesia’s largest telecom operator PT Telekomunikasi Indonesia Tbk (Telkom) has agreed to set up a digital content joint venture with South Korea’s mobile carrier SK Telecom.

» Wintermar 2010 Profit Doubled

Theindonesiatoday.com - Shipping company PT Wintermar Offshore Marine Tbk (WINS) doubled its net profit to Rp106 billion in line with soaring revenues and other income.

» Govt Receives Rp300 Trln Tax Income from Oil-Gas Sector as of End August

Tax revenues received by Directorate General of Taxation in the first eight months to August reached around Rp339 trillion, representing 56.5% from full year target as stated in the revised State Budget (APBNP) 2010 of Rp606 trillion.

» Garuda Indonesia IPO Delayed to February 2011

Theindonesiatoday.com -- The initial public offering (IPO) of national flag-carrier PT Garuda Indonesia will be delayed to February 2011 from planned November this year, to allow the government to prepare the IPO better.

» Bank Bukopin Posts 36% Profit Growth

Theindonesiatoday.com - PT Bank Bukopin Tbk (BBKP) posted profit after tax of Rp492.59 billion in 2010, grew 36% compared to Rp362.19 billion in 2009.

» Bakrie & Brothers Posts Rp565 Billion Loss

Theindonesiatoday.com - PT Bakrie & Brothers (BNBR) Tbk posted net loss of Rp565.98 billion in the first nine months of 2010, surged from Rp67.6 billion in the same period last year due to substantial increase of interest expenses.

» Medco Seeks Partner for East Java Geothermal

Theindonesiatoday.com - PT Medco Geothermal Indonesia, subsidiary of PT Medco Energi International Tbk (MEDC), is looking for partners to develop the Geothermal Power Plant in Ijen, East Java.

» Dahlan Reveals Robbery of Jasa Marga Assets

Theindonesiatoday.com - Minister of state-owned enterprises Dahlan Iskan revealed what he believes as a robbery committed by CEO of PT Marga Nurindo Bhakti Djoko Ramiadji and his friends in the takeover of Jasa Marga (JSMR) asset.

» Liquidnet Adds Trading in Indonesian Equities for Members

Theindonesiatoday.com - Liquidnet, the institutional equities marketplace that enables secure and anonymous block trading of equities, announced today that it has once again expanded its trading operations to now include listed securities in...

» China Pacific Insurance Posts RMB8.56 Billion Profit

Theindonesiatoday.com - China Pacific Insurance, one of the largest insurance companies in China, booked net profit of RMB8.557 billion last year, increased 16.3% from 2009 on strong income growth.

» Computer Crashed, Berlian Laju Tanker Delays Release of FY2010 Results

Theindonesiatoday.com - Shipping company PT Berlian Laju Tanker (BLTA) Tbk informed its shareholders today that it failed to release the financial year 2010 audited results on schedule (April 15) due to a computer crash.

» Wilmar Establishes 3 Subsidiaries, Acquire One Company in China

SINGAPORE, Indonesia Today - Wilmar International Ltd established three new subsidiaries and acquired one company in China. 

» BreadTalk Reports 16% Revenue Growth for Indonesia

Theindonesiatoday.com - Baker & restaurant group BreadTalk Group Ltd reported its franchised bakery network in Indonesia booked revenue of $5.6 million in the fourth quarter of 2010, grew by 16% compared to the same period of 2009.

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