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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

Theindonesiatoday.com - PT International Nickel Indonesia Tbk (INCO) said its two shareholders had changed their names but the stakeholding of both shareholders in the company  Inco do not change.

The company said Vale Inco Ltd, the majority shareholder of Inco with 58.73% stakeholding, had changed name to Vale Canada Ltd while Vale Inco Japan Ltd changed name to Vale Japan Ltd.

Other shareholders of Inco are Sumitomo Metal Mining Co., Ltd. (20.09%), public investors (20.14%), Mitsui & Co., Ltd. (0.35%) and Sumitomo Shoji Kaisha, Ltd. (0.14%). (hans_geeno@yahoo.com)



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» Perkebunan Nusantara III H1 Net Profit Soars 97% on Higher Sales

State plantation firms PT Perkebunan Nusantara III said it booked net profit of Rp413.5 billion in the first half, surged 97% from Rp210 billion in the same period last year, driven mainly by higher sales.

» Mercator to Operate Indonesian Coal Mine Late 2012

Theindonesiatoday.com - Mercator Lines Ltd advised its recently acquired Indonesian coal mining might operate in late 2012 fiscal year. Mercator Lines Ltd acquired 50% stake in a coal mine in East Kalimantan through its Singaporean subsidiary for...

» Reliance Claims Promising Assays in Palopo Gold Project

TORONTO, Indonesia Today - TSX-listed Reliance Resources Resources Limited claims promising prospect at its Palopo gold project located on Sulawesi Island, Indonesia.

» DBS Bank and Sumitomo Trust to Deepen Cooporation in Asia

Theindonesiatoday.com - DBS Bank (DBS) and The Sumitomo Trust and Banking Co., Ltd. (Sumitomo Trust) today signed a memorandum of understanding (MOU) to deepen cooperation in Asia across a wide spectrum of businesses, including institutional...

» SBY confirmed Dulmatin's death, got standing applause

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» Ramayana Sales Jump 14% in First Half 2010

Retailer PT Ramayana Lestari Sentosa Tbk booked sales of Rp2.43 trillion in the first half of 2010, representing a 14% increase from the same period last year.

» CIMB Group Shares in CIMB Niaga Rises to 97.9%

Shareholders of CIMB Group have approved the group's move to acquire all 19.67% Khazanah Nasional Berhad ownership in Indonesia's PT Bank CIMB Niaga, the group announced at Bursa Malaysia on Monday (26/7).

» SkyBee Sets IPO Price at Rp 375 per Share

PT SkyBee Tbk, mobile phone distributor and content provider, has set the price of its initial public offering (IPO) at Rp 375 per share, to raise the proceeds of Rp 88.13 billion.

» 2% of Insani Bara Concession Contains 42 Million Tons of Coal

JAKARTA, Indonesia Today - Around two percent of PT Insani Bara Perkasa (IBP)’s concession, a subsidiary of PT Resource Alam Indonesia Tbk (KKGI), contains JORC Code Reserves of 42.35 million tons of mineable coal.

» Cougar, Medco Join Forces for Underground Coal Gasification

Theindonesiatoday.com - Cougar Energy Ltd has signed a memorandum of understanding with Indonesian mining company PT Medco Energi Mining International (MEMI) for the development of underground coal gasification (UCG) in Indonesia.

» Aspartus Resources Acquires Indonesian Coal Concession

Theindonesiatoday.com - Aspartus Resources Plc has agreed to purchase 49% of the entire enlarged capital of Principal Resources Ltd, a BVI company.

» BUMA Coal Production Flat at 2.6 Million Tons Last Month

JAKARTA, Indonesia Today - PT Bukit Makmur Mandiri Utama (BUMA), mining contractor subsidiary of Delta Dunia Makmur (DOID), reported a flat coal production of 2.6 million tons last month.

» Mandiri Finds It Difficult to Sell Benua Indah Group Assets

Theindonesiatoday.com -- PT Bank Mandiri Tbk, the country’s largest bank in assets term, said it  still finds it difficult to auction  the assets of Benua Indah Group as investors are still questioning the status of the debtor’s...

» IDX Drops 1.2%, Rupiah Touches Rp9,000

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) dropped 1.2% to 3,710.42 at the opening trade following negative sentiment in regional and global markets.

» Straits Revises Down Gold Production at Mt Muro, Kalimantan

SYDNEY, Indonesia Today - Straits Resources Ltd has revised down its production at Mt Muro, Indonesia to 40,000 ounces of gold equivalent from 45,000 ounces.

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