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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 - Crude oil has surged another 4% to US$102.09 per barrel in Asian trading of Nymex, dragged down most stock markets in the region, including Indonesia. The composite index of Indonesia Stock Exchange (IDX) closed lower by 1.01% Thursday (Feb 24).

Brent crude oil soared to US$113 on Libya unrest. Stock markets ended mainly lower, except Shanghai composite index which gained 0.58%. Hang Seng dropped 1.34%, while FTSE Bursa Malaysia KLCI lost 1.41%. Nikkei 225 and KOSPI composite index closed lower by 1.19% and 0.6% respectively, while Straits Times lost 0.96%.

India's BSE Sensex tumbled 2.59% 30 minutes before closing, while Australia's All Ordinaries closed lower by 0.7%. FTSE 100 drops further by 0.56%.



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» Bank Permata Books Rp331.42 Billion Profit in Q1

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) booked net profit of Rp331.42 billion in the first quarter (Q1) of 2012, increased 3.2% from Rp321.12 billion in the same period of 2011.

» Freeport Strike Alarmed Other Miners

Theindonesiatoday.com - Over two months of workers strike at PT Freeport Indonesia, subsidiary of Freeport McMoran, has alarmed other miners. They're worried their employees would follow suit. 

» Krisna Wijaya Resigns as Bank Danamon Commissioner

PT Bank Danamon Tbk announced that Krisna Wijaya, a commissioner of the bank, has resigned effective from September 4, 2010.

» Tiger Airways to Raise S$158.6 Million via Rights Issue

Theindonesiatoday.com - Tiger Airways Holdings Limited plans to issue up to 273.42 million new ordinary shares at a price of S$0.58 per right, or S$158.6 million in total. The right price is a approximately 39% discount to the last traded price of...

» Astra Agro Bags US$10 Million Loan from SMBC

JAKARTA, Indonesia Today - PT Astra Agro Lestari Tbk (AALI), plantation subsidiary of Astra International (ASII), has secured US$10 million Revolving Loan Facility from Sumitomo Mitsui Banking Corporation early this month.

» AKRA Injects More Capital into PT Anugerah Karya

Theindonesiatoday.com - Chemical and fuel distributor PT AKR Corporindo (AKRA) Tbk injected more funds into coal mining unit PT Anugrah Karya Raya.

» Rio Tinto in Q4: Thermal Coal Down 14%, Coking Coal Jumps 16%

Theindonesiatoday.com - Rio Tinto Plc's thermal coal production dropped 14% in the fourth quarter of 2011 from the corresponding period in 2010, but hard coking coal output surged 16% in the period.

» Lenzing adds US$150 M investment in Indonesia

PT South Pacific Viscose, a subsidiary of Lenzing Group, invests another US$150 million to expand its viscose fiber plant in Purwakarta, West Java province.

» Wintermar Sets Up JV with 2 Partners

Theindonesiatoday.com - Shipping company PT Wintermar Offshore Marine Tbk (WINS) said it had in April 4, 2011 set up joint venture company with two undisclosed partners.

» Chevron Bags $21.8 Billion Net Profit

Theindonesiatoday.com - Chevron Corporation, one of the largest oil and gas companies operating in Indonesia, recorded net profit of US$21.77 billion in the first nine months of 2011, jumped 58% from the same period last year.

» Wintermar Falls 6.6% on Trading Debut

Theindonesiatoday.com - The stocks of PT Wintermar Offshore Marine (WINS) Tbk closed lower by 6.6% to Rp355 on its trading debut on the Indonesia Stock Exchange today.

» Stocks reversed, IDX surged 7.27%

Indonesian stocks reversed losses in the past few days with hefty gains today. It's a broad market recovery on optimism that global markets have been bottoming out.

» Mitsubishi - PT Rekayasa Awarded Petronas Project

Theindonesiatoday.com - Petronas Chemicals Group Berhad (PCG)'s wholly-owned subsidiary Petronas Chemicals Fertiliser Sabah Sdn Bhd has awarded the Basic and Detailed Engineering, Procurement, Construction and Commissioning (BEPCC) Alliance...

» Bakrie stocks surged

Five Bakrie-related stocks regained grounds and closed higher on Thursday while others mainly lost ground following the departure of finance minister Sri Mulyani Indrawati.

» Trading of Blue Dolphin Stock Resumed on Nasdaq

Theindonesiatoday.com - The Nasdaq Stock Market has determined to resume trading of Blue Dolphin Energy Company stocks on September 1st.

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