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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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Indonesia Finance

Nestle SA has followed Unilever in dropping Sinar Mas Group from the list of palm oil supplier after Greenpeace called on the world's largest food producer to cut ties with the company controlled by Eka Tjipta Widjaja family, Bloomberg reported an hour AGO.
According to the report, Nestle replaced Sinar Mas with an unidentified supplier. Earlier on Wednesday, Greenpeace published a report saying Sinar Mas has unlawfully destroyed rain forests to set up palm oil plantations, Bloomberg reported.
Who will be the next to drop Sinar Mas?
Sinar Mas Group's plantation units are listed in both Indonesia and SINGAPORE stock exchanges. PT SMART Tbk is listed on IDX, while GoldenAgri Resources Ltd is listed on SGX. SMART declined 2.36% on IDX with thin trading, while GoldenAgri closed unchanged with substantial trading on SGX. GoldenAgri stock has surged over 100% in the past nine months.

More articles :

» Asian stocks mainly in red

Asian stock markets opened mainly in negative territory this morning despite reports of strong economic growth in India. 

» Dian Swastatika Sells Telco Tower for Rp690.38 Billion

Theindonesiatoday.com - Energy and infrastructure company PT Dian Swastatika Sentosa Tbk (DSSA), unit of Sinar Mas Group, had in December 2011 sold 1,304 telecommunication towers to PT Inti Bangun Sejahtera for Rp690.38 billion.

» CPO Advances, Plantation Stocks Mostly in Red

Theindonesiatoday.com - The benchmark June contracts of crude palm oil (CPO) advance to as high as RM3399 per ton this morning, but plantation stocks are opened mostly in lower grounds.

» Energy Minister Denies Sex Tape Allegation

Energy and mineral resources minister Darwin Zahedy Saleh denied "steamy" gossip about a sex tape with his secretary identified as Miss D, Tempointeraktif.com reported.

» Santos, Kangean to Commence Gasflow in Wortel, Terang Sirasun

Theindonesiatoday.com - The East Java-located Wortel gasfield is on-track to start commercial gasflow by end January this year, while Terang Sirasun Batur (TSB), fellow gasfield in the area, will follow in mid-April 2012.

» CPO Retreats, Plantation Stocks Mixed in the Region

Theindonesiatoday.com - Plantation stocks are mostly mixed in the region this morning as crude palm oil (CPO) retreats to RM3,182 per ton on the Bursa Malaysia Derivatives Exchange on profit taking.

» Quiet Traffic on Major Rallies Report

JAKARTA, Indonesia Today - Jakarta traffic is surprisingly very quiet this morning following reports the public groups will stage in a big rally along several protocol roads in the city. The public groups are protesting the government's policy to...

» Etisalat Announces 2% Revenue growth in 2010

Theindonesiatoday.com - Etilasat, shareholder of PT XL Axiata Tbk (EXCL), today announced its Group net revenues for year ending 31 December, 2010 reached AED 31.9 billion, which is 2% higher than year 2009 net revenues of AED 31.3 billion.

» IndoAgri Reports 18.4% Profit Drop in Q3

Theindonesiatoday.com - SGX Main board-listed IndoAgri reported attributable profit of Rp211 billion in third quarter (Q3) of 2011, down 18.4% from Rp259 billion in the same period of last year.

» Regional Markets Entend Losses Following Wall Street

Theindonesiatoday.com - Regional stock markets extend their losses this morning following further fall in Wall Street and European stock markets. Dow Jones of Wall Street dropped 2.19% and Nasdaq lost 2.75% last night.

» CPO Contracts Slightly Gain, Plantation Stocks Extend Fall

Theindonesiatoday.com - CPO futures price slightly gained this morning. The benchmark July contract were settled at RM3,268 per ton, up RM3 from previous settlement. While August contact was settled at RM3,256 per ton.

» Bumi Plc Adds More BUMI Shares

Theindonesiatoday.com - Bumi Plc, formerly Vallar Plc, has issued 557,033 new voting ordinary shares as part of the Bumi Resources (BUMI) step-up transaction.

» Heavy Rain Hits Australian Coal Miners

SYDNEY, Indonesia Today - Whitehaven Coal Ltd, one of the major coal miners in Australia, outlines one week production lost following heavy rainfall on its New South Wales coal mines.

» Govt Issues New Rules to Boost Oil and Gas Production

Theindonesiatoday.com - Ministry of Energy & Mineral Resources is preparing two new regulationd to increase national oil & gas production, Director General of Oil & Gas Evita Legowo says.

» IDX Closes Off Low on Late Buying

Theindonesiatoday.com - After plummeted up to 2% post the lunch break, composite index of the Indonesia Stock Exchange (IDX) ended down 1.42% to 3,740.47 as late buying in certain stocks helped narrowing the index's fall.

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