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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 -SINGAPORE Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logistic group, has secured a ship building contract worth approximately S$10.5 million, to construct five deck cargo barges for PT Pelayaran Nasional Bina Buana Raya (BBR), an associated company of the group.

Construction of the five deck cargo barges is expected to begin in October 2011 at the group’s shipyard in Batam with delivery scheduled in July 2012. Upon delivery, these vessels will be flagged as Indonesian vessels and be deployed by BBR to ferry various commodities for its customers within the Indonesian waters.

Marco Polo Marine is an integrated marine logistic company serving the energy sector in Indonesia and the region. The Group is a substantial player in the transportation of Indonesian coal for domestic use and exports. In Thailand and Australia (and soon Indonesia), the group’s growing fleet of offshore supply vessels support deep sea oil & gas exploration.

A wholly-owned shipyard in Batam undertakes ship building and ship repair for the group as well as third parties by providing Singapore quality at Indonesian costs. The shipyard occupies a total land area of approximately 34 hectares, with a seafront of approximately 650 metres and has two dry docks to undertake ship repair and conversion services. (Theindonesiatoday.com)



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» Singapore Airlines' Passenger Down 2.7% in November

Theindonesiatoday.com - In November 2011, Singapore Airlines' passenger carriage (measured in revenue passenger kilometres) declined 2.6%. While capacity (measured in available seat kilometres) grew by 2.2%. 

» BCA Records Rp4.8 Trillion Profit in First Half

Theindonesiatoday.com - Bank Central Asia, the second largest company on the Indonesia Stock Exchange (IDX) by market capitalization, recorded net profit of Rp4.8 trillion in the first half of 2011, increased 20.4% from the same period last year.

» Antam to Issue Rp1.5 Trillion Bond

Theindonesiatoday.com - State miner PT Aneka Tambang (Antam) Tbk (ANTM) announces on prospectus today it plans to issue bonds worth Rp1.5 trillion in December.

» Bumi Plc Falls 10% in London

LONDON, Indonesia Today - Bumi Plc crashed 10.35% to 762 pence in London Stock Exchange Monday (Feb 6) following news about attempt from majority shareholders to oust banker Nathaniel Rothschild from the board of directors.

» Presiding Judge Sick, Gayus Verdict Adjourned

JAKARTA, Indonesia Today - The Court has decided to postpone the reading of verdict for Gayus Tambunan, convicted taxman, in other cases after presiding judge Suhartoyo reportedly was too sick to proceed with the trial.

» CPO Contracts Rise, Plantation Stocks Drop

Theindonesiatoday.com - The CPO futures prices on the BursaMalaysia gained, with average gain of RM18 per contracts. The benchmark November delivery was settled at RM3,068 per ton, up RM18.

» Police Gives Freeport Workers 24 Hours to Open Blockade

Theindonesiatoday.com - Mimika Police in Papua has given 1x24 hours deadline for workers union of PT Freeport Indonesia led by Sudiro to end their strike on Checkpoint 1 Mile 28, Mil27, and Gorong Gorong Timika in order to help Freeport resume its...

» Indocement Advances on 2 Cement Mills Contruction

JAKARTA, Indonesia Today - Second largest cement producer PT Indocement Tunggal Prakarsa (INTP) Tbk is in the final planning stage in establishing a new brown-field cement factory and a cement mill in Citeureup, West Java.

» Baltic Dry Index Lost 12.5%

Theindonesiatoday.com - Baltic Dry Index, an indicator for global shipment of bulk materials, down for the fourth consecutive weeks to 1,268 on August 5th. The index has lost 12.5% in the past four weeks.

» 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 ratings for 16 Spanish banks and Santander UK PLC, a UK-domiciled subsidiary of Banco Santander (Spain) SA.

» Dato' Low Divests 1 Million Bayan Shares

Theindonesiatoday.com - Dato’ Low Tuck Kwong divests his interest further in PT Bayan Resources Tbk by 1.04 million shares in the period of 18 – 22 July 2011. From the divestment, Dato’ Low bagged approximately Rp24.2 billion. The...

» World Bank Provides $890 Million Loan for Indonesia

Theindonesiatoday.com - The World Bank had in May 26, 2011 approved to provide US$890 million loan for funding infrastructure and power projects in Indonesia.

» BRI Granted Payment Suspension in Sahid Hospital Debt Settlement

Theindonesiatoday.com - The Central Jakarta Commercial Court has on May 6 granted the Suspension of Debt Payment Obligation (PKPU) to Bank Rakyat Indonesia in its effort to recover loans provided to Sahid Sahirman Memorial Hospital. 

» Timah Pays Dividend Rp448 Billion

JAKARTA, Indonesia Today - PT Timah Tbk (TINS) will pay dividend of Rp448 billion for 2011 fiscal year, or Rp89.09 per share, representing 50% of total net profit.

» JSW Steel Inks JV with Marubeni-Itochu Steel

Theindonesiatoday.com - JSW Steel Ltd, Mumbai (JSW) & Marubeni-Itochu Steel Inc. Tokyo, (MISI) have signed a joint venture (JV) agreement to set up a state-ot-the-art steel processing center in North India, under the name of JSW MI Steel Service...

 

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