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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:

Latest News

IDX Closes Morning Down 5.14%, Oil Near $86

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade down 5.14% at 3,910.00 due panic selling prompted by the steep drop in Wall Street and regional markets.

Investors elsewhere are now fearing to another global economic recession and the spread of debt crisis to Spain and Italy.

Oil prices extended sharp losses to near $86 a barrel Friday in Asia amid expectations a slowing global economy will weaken demand for crude.

In JAKARTA bourse, Timah dropped 10.64%, followed by Perusahaan Gas Negara -9.03%, Bumi Resource -7.14%, Aneka Tambang -3.5%, Astra International -3.98%, Astra Graphia -9.92%, Infodood -3.85%, Bank Mandiri -7.14% and Bank Rakyat Indonesia -6.34%.

In regional, Hang Seng led by dropping 4.75%, followed by All Ordinaries -4.23%, Nikkei -3.65%, Kospi -3.61%, Strait Times -3.59%, NZSE -2.9%, BSE -2.16%, Shanghai -1.88% and KLSE 1.62%. (hans@theindonesiatoday.com)



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» Lawmaker: Many Peculiarities in Mesuji Case

Theindonesiatoday.com - Lawmaker from the House Commission III, overseeing law and human rights issues, found many peculiarities in the so-called mass killing in Mesuji, Lampung and South Sumatra provinces.

» Djan Faridz Vows Breakthrough for Foreigners Own Indonesian Properties

Theindonesiatoday.com - Djan Faridz, newly appointed Minister of Public Housing, who is also a property developer, vows a breakthrough to allow foreigners own apartment and other properties in Indonesia.

» Cabinet Reshuffle Sparks Conflict at PKS, Golkar and PPP

Theindonesiatoday.com - The new cabinet lineup installed by President Susilo Bambang Yudhoyono this morning has sparked internal rifts in at least three political parties of the ruling coalition.

» CWT Reports 13% Revenue Growth, Profit Drops

Theindonesiatoday.com - Integrated logistics solutions company CWT Limited posts 27% drop on its net profit for the first quarter financial report despite jumping revenues supported by Indonesian coal & mining logistics business.

» AWE Drills Atlas Prospect Next Year

Theindonesiatoday.com - Australia Worldwide Exploration (AWE) Ltd is evaluating an opportunity to drill the Atlas oil and gas prospect in East Java basin early next year.

» Ramba Sold 16% Shares in Sugih Energy

Theindonesiatoday.com - Ramba Energy Indonesia Limited (REIL), subsidiary of Ramba Energy Limited, has divested 65 million shares of PT Sugih Energy Tbk or about 16% of the total issued and paid-up capital of Sugih to undisclosed buyer.

» Industry Ministry Proposes Export Duty for Natural Rubber

Theindonesiatoday.com - Ministry of industry proposes export duty for natural rubber. The ministry expects the policy would support domestic rubber processing industry.

» Toba Sejahtera Starts Construction of Kutai Gas Power

Theindonesiatoday.com - PT Toba Sejahtera, a company owned by retired Lt General Luhut Panjaitan, has kicked off the construction of Senipah Gas-Fired Power Plant (PLTG), East Kalimantan.

» Oil Price Slips, Energy Stocks Drop

Theindonesiatoday.com - The energy commodities were mixed with small changes. The price of futures Asian Nymex Crude oil was at USD 85.29 per bbl, down slightly 0.02% from previous settlement, while the Natural Gas was unchanged at USD 3.99 per...

» Govt Approves 5 SoEs Divestment

 JAKARTA, Indonesia Today - The Indonesia government approves the divestment of 5 state-owned enterprises (SoE) through the initial public offering (IPO) scheme, rights issue and placement to strategic partners (strategic sale), Bisnis Indonesia...

» WOM Finance Secures Rp500 Billion Loan from BCA

Theindonesiatoday.com - Consumer financing company PT Wahana Ottomitra Multiartha (WOM Finance) Tbk (WOMF), a subsidiary of Bank Internasional Indonesia (BII) Tbk (BNII), had secured Ro500 billion from PT Bank Central Asia (BCA) Tbk (BBCA), Investor...

» Unggul Indah's Alkylbenzene Production Jumps 45.7%

Theindonesiatoday.com - PT Unggul Indah Cahaya Tbk (UNIC), the only Alkylbenzene producer in Indonesia, reported a 45.7% jump on its Alkylbenzene production to 71,801 tons in the first half of 2011, compared to the corresponding period of previous...

» CPO Gains, Plantation Stocks Mixed

Theindonesiatoday.com - The benchmark July contracts of crude palm oil (CPO) gained slightly by RM21 to RM3276 per ton on the Bursa Malaysia Derivatives Exchange this morning.

» 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 Suroso, director of PT Dutasari Citralaras, related to the Hambalang project graft case.

» Hidili Coking Coal Sales Grow Modestly in China

HONG KONG, Indonesia Today - Coking coal producer Hidili Industry International Development Ltd reported 9% growth in clean coking coal to 332,000 tons in the first quarter of 2012.

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