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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

Jupiter Capital, Ready to Buy Sugih New Shares

JAKARTA, Indonesia Today - US-based investment company Jupiter Capital claims to be ready for acting as standby buyer for rights issue of oil and gas company PT Sugih Energy Tbk (SUGI), Bisnis Indonesia reported this morning.

Fachmi Zarkasy, Sugih's preident director, said the company plans to raise Rp3 trillion by issuing 3 billion new shares through pre-emptive rights scheme in the first quarter of 2012.

The rights issue proceeds, he said, will be used for funding the acquisition of some oil and gas blocks and working capital.

He said the company has appointed PT Sinarmas Sekuritas as financial advisor for the rights issue.

Sugih’s key lines of business included general trading and industrial activities, procurement and related services in support of the Indonesian oil and gas industry, mining and other energy-related activities and maintenance of infrastructure. (hans@theindonesiatoday.com)

Jupiter Capital Buy Sugih Energy Shares


More articles :

» Summarecon Expects Rp2.2 Trillion Revenue in 2011

Theindonesiatoday.com - Property developer PT Summarecon Agung Tbk (SMRA) expects to book revenue of Rp2 trillion to Rp2.2 trillion in 2011, grows 30.1% compared to Rp1.69 trillion in previous year, Investor Daily reported this morning.

» IndoAgri H1 Profit Jumps 70%

Theindonesiatoday.com - SGX Main board-listed IndoAgri, a diversified and integrated agribusiness group and manufacturer of leading brands of edible oils and fats products in Indonesia, achieved another consecutive set of impressive results with...

» Kalbe Farma Proposes to Pay Dividend of Rp643 Billion

Theindonesiatoday.com - Pharmaceutical giant PT Kalbe Farma Tbk (KLBF) proposes to pay dividend of around Rp643 billion, a 50% of 2010 net profit, Bisnis Indonesia reported this morning.

» Semen Gresik Posts 8.1% Profit Growth in 2011

JAKARTA, Indonesia Today - PT Semen Gresik (SMGR) Tbk, the largest cement producer in Indonesia, booked net profit of Rp3.96 trillion in 2011, grew 8.1% from restated profit of Rp3.66 trillion in 2010.

» Baruna Dirga Gets 6 Sets of Tug and Barges This Year

JAKARTA, Indonesia Today - PT Baruna Dirga Dharma (BDD), a subsidiary of CKB Logistics, will welcome six sets of tug and barges with capacity of 7,500 tons by 2012.

» Two Suspects Arrested for Trafficking 85 Sambas Women

Theindonesiatoday.com - Police have reportedly arrested two suspects in women trafficking. The suspects have recruited 85 beautiful girls of 15-25 years from Sambas, West Kalimantan and about to send 50 others but prevented with the arrest.

» Salim Ivomas IPO Price Set at Rp1,100, Lower Bound

Theindonesiatoday.com - PT Salim Ivomas (SIMP) Tbk and its underwriters have agreed to offer 3.16 billion shares at Rp1,100 per share. 

» Rusal Completes US$9.3 Billion Refinancing

Theindonesiatoday.com - The world's largest aluminium producer United Company Rusal Plc has completed debt refinancing package totaling US$9.33 billion.

» Shui On Offers Notes for Capital Expenditure

Theindonesiatoday.com - Shui On Development (Singapore), a wholly-owned subsidiary of Shui On Land Limited, plans to offer Notes to institutional investors in Asia to finance its capital expenditure.

» Perdana Karya Eyes New Coal Prospect

Theindonesiatoday.com - Coal mining company PT Perdana Karya Perkasa Tbk (PKPK) is surveying a new prospect in East Kalimantan owned by PT Kintamani Bara Utama.

» Ark Mines Almost Completes Due Diligence for Marsuparia Gold Mine

MELBOURNE, Indonesia Today - Ark Mines Ltd says the acquisition of Marsuparia Gold Mine, Central Kalimantan is in final stage of due diligence.

» Chevron Q2 Profit Jumps 42.5%

Theindonesiatoday.com - Chevron Corporation (NYSE:CVX) reported earnings of $7.7 billion ($3.85 per share - diluted) for the second quarter of 2011, jumped 42.5% compared to $5.4 billion ($2.70 per share - diluted) in the same period of last year.

» Yusuf Appointed Head of PPATK

Theindonesiatoday.com - President Susilo Bambang Yudhoyono has appointed Muhammad Yusuf as the new head of the Financial Transactions and Reports Analysis Center (PPATK) to replace Yunus Husein, who is now candidate for new leader of the Corruption...

» IDX Opens Higher Following Regional

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened higher by 0.24% at 3,739.40 this morning, following gains in regional markets.

» Bakrie Sumatera Q1 Profit Surges 257%

Theindonesiatoday.com - PT Bakrie Sumatera Plantations Tbk (UNSP) posted net profit of Rp231.34 billion in the first three months to March of 2011, surged 257% from Rp64.82 billion in the same period of last year.

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