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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

Gamalama Erupts, Ternate Airport Closed

Theindonesiatoday.com - Government has closed down Sultan Babullah airport in Ternate, North Maluku province following eruption from Gamalama Volcano.

"We have issued notice to airmen that Sultan Babullah airport is closed from 06AM Monday until 6AM Tuesday," said Bambang S Ervan, head of public communication at transportation ministry, to Detik.com this morning.

Volcanic ash from Gamalama, according to Bambang, disrupts air transportation in the area. Gamalama is one of volcanic mounts in North Maluku, 1,715 meters above sea level. The last eruption was in 2003, but no casualties reported. (Theindonesiatoday.com)

Gamalama Erupts


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» PNM Plans Rp2 Trillion Bond Issuance

Theindonesiatoday.com - PT Permodalan Nasional Madani (PNM) plans to issue bonds worth of between Rp1.5 trillion to Rp2 trillion for funding its financing business within next 4 years, Bisnis Indonesia reported this morning.

» CPO Future Price Increases, Plantation Stocks Gain

Theindonesiatoday.com - CPO futures prices on the Bursa Malaysia for the benchmark December delivery rose RM55 to RM2,856 per ton. While price for November and January delivery increased RM50 and RM55 to RM2,850 and 2,868 per ton respectively. On...

» Ristia Bintang Holds 40% Stake in Tiara Raya Bali

Theindonesiatoday.com - Real estate developer PT Ristia Bintang Mahkotasejati Tbk (RBMS) to buy 28,000 shares of PT Tiara Raya Bali, or 40% of its total issued capital, for a total consideration of Rp56 billion.

» MEMR: Stop Mining Operations in Raja Ampat

Theindonesiatoday.com - Ministry of energy and mineral resources (MEMR) will impose strong measures to ban any mining activities in Raja Ampat Natural Conservation Area, West Papua.

» Perdana Karya Wins Santos & Salamander Contracts

Theindonesiatoday.com - Equipment services and coal miner PT Perdana Karya Perkasa (PKPK) Tbk has been awarded several contracts by oil and gas operators Salamander Energy and Santos Ltd.

» COSCO Q2 Profit Drops 53.4% on Higher Tax Expense

Theindonesiatoday.com - COSCO Corporation (Singapore) Limited reported net profit attributable to equity holders fell 53.4% to $31.9 million in the second quarter (Q2) ended June of 2011, from $68.4 million in the same period of 2010.

» IDX Approaches 3,900, Regional Ends Mixed

Theindonesiatoday.com - Composite Index of the Indonesia Stock Exchange (IDX) closed higher by 0.34% at 3,872.95, approaching the 3,900 point level. While regional markets ended mixed due to concern over the economic outlook of Japan and China.

» Workers Union Call Freeport's Lawsuit Premature

Theindonesiatoday.com - Workers Union of PT Freeport Indonesia, a subsidiary of Freeport McMoRan (FCX), has on Thursday (Dec 1st) at the Jakarta Industrial Relation Court stated that lawsuit filed by the company's management is premature.

» Garda Tujuh Buana Gains 3%, BUMI Down 3.5%

JAKARTA, Indonesia Today - Junior coal player PT Garda Tujuh Buana (GTBO) Tbk gains 3% to Rp2,000 Monday (April 23) morning after market authorities lifted the trading suspension.

» PIP to Defend the Purchase of Newmont Shares

Theindonesiatoday.com - Government Investment Center (PIP) Insists to proceed with the purchase of 7% shares in PT Newmont Nusa Tenggara (NNT) despite The Supreme Audit Agency (BPK)'s declaration that the purchase is invalid and unconstitutional.

» Nusantara Infrastructure to Acquire Port Operator in Sumatera

Theindonesiatoday.com - PT Nusantara Infrastructure (META) Tbk, a toll road developer and operator, plans to acquire port operator in South Sumatera for a total consideration of Rp440 billion, Bisnis Indonesia reported this morning.

» Regulation on BPH Migas Amended

JAKARTA, Indonesia Today - President Susilo Bambang Yudhoyono has signed Government Regulation No 49/2012 to amend Regulation No 67/2002 about the Downstream Oil and Gas Regulatory Body (BPH Migas).

» 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 Agricultural Bank of Greece's Long-term Issuer Default Ratings (IDR) and Support Rating Floors (SRF) to...

» Fitch Affirms and Withdraws MNC Finance's 'BBB-(idn)' Rating

Theindonesiatoday.com - Fitch Ratings has affirmed MNC Finance's (formerly known as Bhakti Finance) National Long-Term rating at 'BBB-(idn)' with negative outlook and simultaneously withdrawn the rating.

» Prosecution of Nine Regional Leaders Might be Terminated

Theindonesiatoday.com - Attorney General's Office (AGO) might terminate the prosecution of nine regional leaders allegedly implicated in corruption cases.

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