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Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village

Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village 

SUMENEP, Indonesia Today - Hundreds of Sumenep residents, East Java force PT Energi Mineral Langgeng (EML) to stop its exploration…

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State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert

State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert 

JAKARTA, Indonesia Today – State Officers are likelihood to welcome international superstar Lady Gaga to perform at Gelora Bung Karno…

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First Lady Downplays Ideas to Be 2014 President Candidate

First Lady Downplays Ideas to Be 2014 President Candidate 

JAKARTA, Indonesia Today – First Lady Ani Yudhoyono plays down the ideas of her presidential candidacy in 2014 Election currently…

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Multipolar Expands in Direct Broadcast Satellite Business

Multipolar Expands in Direct Broadcast Satellite Business 

JAKARTA, Indonesia Today - PT Multipolar Tbk has acquired 85% shares of PT Tecnoves International as part of its expansion…

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Delta Dunia Coal Output Down 2%

Delta Dunia Coal Output Down 2% 

JAKARTA, Indonesia Today - PT Bukit Makmur Mandiri Utama (BUMA), mining contractor unit of PT Delta Dunia Makmur Tbk (DOID),…

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UNTR Coal Sales Jumps 37%

UNTR Coal Sales Jumps 37% 

JAKARTA, Indonesia Today - PT United Tractors Tbk (UNTR)’s coal sales in the first four months of 2012 jumped 37.3%…

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Overseas Travel Ban Imposed on Dutasari Director in Hambalang Graft Case

Overseas Travel Ban Imposed on Dutasari Director in Hambalang Graft Case 

JAKARTA, Indonesia Today - The Corruption Eradication Commission (KPK) files an overseas travel ban to Immigration Directorate General against Mahfud…

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Tutung Alpha-3 Drilling Scheduled for Completion This Quarter

Tutung Alpha-3 Drilling Scheduled for Completion This Quarter 

LONDON, Indonesia Today - Drilling at Tutung Alpha-3 appraisal well on Bontang PSC, East Kalimantan is scheduled for completion by…

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Indosat Seeks Consent from Note Holders

Indosat Seeks Consent from Note Holders 

SINGAPORE, Indonesia Today - Indosat Palapa Company B.V., a Singaporean subsidiary of PT Indosat Tbk,  is soliciting consents from holders…

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Newcastle Port Coal Shipment Drops 55%

Newcastle Port Coal Shipment Drops 55%  

PERTH, Indonesia Today - Newcastle Port Corporation slashed its coal shipment for the week ended 21 May 2012 by 55%…

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Rabobank Lost US$800,000 Lawsuit on Credit Facility Dispute

Rabobank Lost US$800,000 Lawsuit on Credit Facility Dispute  

JAKARTA, Indonesia Today - South Jakarta District Court obliges Rabobank to compensate Golden Harvestino US$810,654 following credit facility dispute, Bisnis…

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Bank DBS Indonesia Posts Flat Profit in Q1

Bank DBS Indonesia Posts Flat Profit in Q1  

JAKARTA, Indonesia Today - PT Bank DBS Indonesia reported profit after tax of Rp105.18 billion in the first quarter (Q1)…

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Latest News

SGX offers MSCI Indonesia Futures from 11 June

  SINGAPORE, Indonesia Today - Singapore Exchange’s (SGX) MSCI Indonesia Index Futures will begin trading from 11 June 201...

Stocks | Tuesday, 22 May 2012

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ENRG's Tonga Block Commences Oil Production

    JAKARTA, Indonesia Today - Tonga block PSC, controlled by Energi Mega Persada (ENRG), has commenced oil production at capacity of 500...

Banking | Tuesday, 22 May 2012

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Bank Permata Sets Bond Coupon at 8.5-9.5%

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) has set indicative coupon of between 8.50% to 9.50% for its Rp700 ...

Bonds | Tuesday, 22 May 2012

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Three Trucks of PTPN II Burnt Down Following Clash with Local People

  DELI SERDANG,  Indonesia Today - Local people has burnt down three unit trucks of State plantation company PT Perkebunan Nusantara II ...

Dispute | Tuesday, 22 May 2012

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Multipolar Controls 10.59% Stake in Bank Nobu

  JAKARTA, Indonesia Today - Lippo Group’s service and trading company, PT Multipolar Tbk (MLPL) invests Rp43.73 billion in PT Nationalnobu (Ba...

Banking | Tuesday, 22 May 2012

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IDX Gains 1.19% on Regional and Wall Street Rebounds

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) gained 1.19% to 3,986.90 this morning following the re...

Stocks | Tuesday, 22 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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Latest News:

Retail

Theindonesiatoday.com - Koon Holdings Limited, leading infrastructure construction and precast specialists, announced that its subsidiary, GPS Alliance Home Solutions Pte. Ltd. (GPSHS), has incorporated a new subsidiary, Muse Living Pte. Ltd., to provide home furnishings, design consultancy and installation services.

According to company disclosure in SGX that furthermore, MUSE has obtained the first right of refusal option to distribute Arrex Le Cucine branded home furnishing products in Australia and Indonesia.

MUSE has Secured the Sole Right to Distribute Arrex Le Cucine Branded Home Furnishing Products in SINGAPORE and Malaysia Devoted to quality designs and equipped with advanced production facilities, Arrex Le Cucine is one of Italy’s four largest manufacturers of kitchen/bath/bedroom systems.

GPS Alliance and GPSHS are wholly-owned subsidiaries under Koon’s real estate unit, GPS Alliance Holdings Pte. Ltd., where Koon holds 51% stake. (Theindonesiatoday.com)



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» Medco Secures Extension of Tunisia Oil Block

Theindonesiatoday.com - PT Medco Energi (MEDC) Tbk has secured extension contract for Anaguid oil block in Tunisia.

» Konsorsium Logistic Bhd Divests Transmalindo for One Ringgit

Theindonesiatoday.com - Konsorsium Logistik Berhad has entered into a share sale agreement with Denden Subarjat to dispose its entire stake in PT Kay Pi Transmalindo for a total cash consideration of RM1.

» Keppel & Petronas Sign US$2.2 Billion Gas Contract

SINGAPORE, Indonesia - Keppel Energy Pte Ltd, subsidiary of Keppel Corporation Ltd, has entered into a US$2.2 billion gas sales agreement with Petroliam Nasional Berhad (Petronas).

» Indomobil Finance Downsizes Bonds Issue to Rp500 Billion

Theindonesiatoday.com - Automotive financing firm PT Indomobil Finance Indonesia (IMFI) announced today it will will issue bonds worth Rp500 billion, lower than original plan Rp700 billion.

» IDX Ends Down 0.74%, European Markets Mixed

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) ended down 0.74% at 3,752.67 on Tuesday in line with negative sentiment in regional markets.

» Three Found Dead in Freeport Helicopter Crash

MIMIKA, Indonesia Today - Emergency unit of gold mining company PT Freeport Indonesia, today (Mar 18) has found the crashed helicopter hired from Airfast with three people reportedly died.

» Intraco Penta Replaces Bond with MTN

Theindonesiatoday.com - Heavy equipment distributor PT Intraco Penta Tbk (INTA) plans to issue medium term notes (MTN) worth Rp200-220 billion this month or early next month to fund the business expansion of its financing arm PT Intan Baruprana...

» Alam Sutera Allocates $120 Million for Acquiring Land

JAKARTA, Indonesia Today - Property developer PT Alam Sutera Realty Tbk (ASRI) allocates US$120 million fund to acquire land this year, Investor Daily reported this morning.

» Dayaindo H1 Profit Jumps 77%

Theindonesiatoday.com - Coal miner and trader PT Dayaindo Resources International (KARK) Tbk booked net profit of Rp29.3 billion in the first half ended June 30, 2011, surged 77% from the same period last year on improved margin.

» Augur Confirms Gold Mineralisation in Lipi West Zone, Java

Theindonesiatoday.com - Augur Resources Ltd confirms gold mineralisation in the Lipi West Zone in South West Java, including JARC047 which intersected 3 metres at 1.16 g/t gold from 33 metres.

» Danamon Rights Issue Price Set at Lower Bound

Theindonesiatoday.com - Bank Danamon has set the rights issue price at Rp4,300 or about 17.3 percent discount to last Friday's closing price of Rp5,200.

» Salim Group's QAF Ltd Posts S$66 Million Profit

JAKARTA, Indonesia Today - Salim Group's QAF Limited booked net profit of S$65.9 million last year, an increase of 16% from 2010 on higher sales of meat.

» Former South Nias Regent Named Suspect in Bribery Attempt

Theindonesiatoday.com - The Corruption Eradication Commission named Fahuwusa Laia, former regent of South Nias, bribery suspect in relation to the local election.

» IDX Opens Down 0.67% Following Regional

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened down 0.67% at 3,671.31 this morning following negative sentiment in regional markets.

» Two Groups Also File Judicial Review Against ‘The Devil’s Article’

JAKARTA, Indonesia Today – Two groups have on Monday (Apr 2) registered a judicial review against ‘the Devil’s Article’ i.e. Article 7 paragraph 6a of 2012 State Budget Law to the Constitutional Court (MK).

 

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