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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:

Transportation

Theindonesiatoday.com - Sriwijaya Air has signed an agreement with Embraer to purchase 20 EMBRAER-190 jets, with purchase rights for ten more aircraft.

The order, which was made at the 49th Paris Air Show, has total value of US$856 million, based on January 2011 economic conditions, and could reach USD1.28 billion, if all purchase rights are exercised. 

Sriwijaya Air’s E190s will be outfitted with 100 seats in a single-class configuration. The airline identified a need for a dedicated fleet of 100-seat aircraft to replace some of its narrow-bodies and to achieve its expansion objectives, adding new frequencies in existing domestic markets, as well as pioneering new nonstop services throughout the region.  

Sriwijaya Air’s CEO, Chandra Lie said in Embraer’s press release that the new aircrafts will be operated from its hub at JAKARTA’s Soekarno Hatta International Airport and other key centers at Balikpapan, Makassar, Surabaya and Medan. The jet claimed will give Sriwijaya Air the flexibility to operate city-pairs with distances up to 2,300 nautical miles (4,260 kilometers). 

Sriwijaya Air is Embraer’s newest customer and joins ten other carriers in the Asia Pacific/China region that have selected E-Jets. Airlines in Japan, China, Taiwan, and Australia operate a total of 90 E-Jets. (bintang@theindonesiatoday.com)

Sriwijaya Air, EMBRAER-190 jets, Indonesia Breaking News


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» Nazaruddin Key Witness Gets Death Threats

Theindonesiatoday.com - The attempt to reveal ‘big leader' and 'big bosses' in the athlete dormitory case trial finds another obstacle as Mindo Rosalina Manulang, the case convict and former staff of the case defendant Muhammad Nazaruddin,...

» Winsway & Marubeni Acquire Grande Cache HK$7.7 Billion

Theindonesiatoday.com - Winsway Coking Coal Holdings Limited and Marubeni Corporation have entered into a joint venture agreement to acquire the entire issued share of Grande Cache Coal Corp for C$983 million or about HK$7.7 billion in cash.

» CPO Returns to Below RM3,100

Theindonesiatoday.com - The benchmark October contracts of crude palm oil (CPO) closed lower by RM37 to RM3078 per ton Monday (July 18) on higher output in both Malaysia and Indonesia.

» Pacific Holding Increases Ownership in Lippo Karawaci

Theindonesiatoday.com - Pacific Asia Holdings Ltd, a subsidiary of Lippo Group, added its ownership in PT Lippo Karawaci (LPKR) up to 2.01% to 27.03% with total transaction valuing of US$39.5 million.

» Indosat to Pay Dividend Rp76.83 per Share

JAKARTA, Indonesia Today - PT Indosat Tbk, controlled by Q-Tel, will pay dividend of Rp76.83 per share for 2011 fiscal year. Shareholders have approved to be paid 50% of 2011 profit.

» Coal Fe's Production from Abadi Project Doubled

Theindonesiatoday.com - Coal Fe Resources Ltd says its monthly coal production from the Abadi Project, East Kalimantan has been doubled to 40,000Mt.

» Multistrada Q1 Profit Falls 73%

JAKARTA, Indonesia Today - Tire manufacturer PT Multistrada Arah Sarana (MASA) Tbk booked net profit of Rp17.6 billion in the first three months of 2012, falls 73% from the corresponding period last year.

» Salim Group Completes Acquisition of 22.5% Interest in Romang Gold Project

Theindonesiatoday.com - Salim Group has completed the acquisition of 22.5% interest in Romang Island gold project for A$31.6 million.

» Oil Retreats to $98, Pressures on Energy Stocks Continue

Theindonesiatoday.com - Nymex crude oil retreated to US$98 per barrel, mounting pressures to energy stocks worldwide. 

» Ancora Secures $25 Million Loan from Standard Bank

Theindonesiatoday.com - PT Ancora Indonesia Resources Tbk (OKAS) had on Monday (October 17) signed US$25 million facility agreement with Standard Bank.

» Air China Q1 Profit Slashes 86%

HONG KONG, Indonesia Today - Air China Limited posted net profit of RMB239 million in the first quarter of 2012, slashed 85.7% from the same period last year.

» Hughes Awarded Orders for Indonesian Banks

Theindonesiatoday.com -  Two major banks in Indonesia have awarded expansion orders totaling more than 1,500 Hughes HX satellite terminals to expand their existing branch and ATM networks.

» Whitehaven to Resume Coal Operations after Heavy Rainfall

SYDNEY, Indonesia Today - Whitehaven Coal Ltd, one of the major coal miners in Australia, has recommenced coal production at open cut mines Werris Creek and Tarrawonga, and will soon resume operation of Sunnyside and Rocgien mines, after almost one...

» Benakat Buys 10.3% Buana Listya Shares

Theindonesiatoday.com - Energy company PT Benakat Petroleum Tbk (BIPI) had in late last month bought 10.3% shares of PT Buana Listya Tama Tbk (BULL) for a total value of Rp300 billion.

» MNC Sky Vision Posts Rp67 Billion Profit

Theindonesiatoday.com - PT MNC Sky Vision, controlled by Bhakti Group, posted net profit of Rp67 billion in the first quarter of 2011 on Rp407 billion sales revenue.

 

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