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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

Wijaya Karya, Re-sell Shares from Buy Back Program

JAKARTA, Indonesia Today - State construction company PT Wijaya Karya Tbk (WIKA) plans to re-sell shares from buy back program in the next 2 weeks. It had bought back 176.68 million shares through two stages. 

The company had in January 30, 2012 appointed PT Mandiri Sekuritas as financial advisor and facilitator for the transaction.

At 2.32 pm Jakarta time, WIKA gained 1.41% to Rp720 per share. At this price, it has market capitalization of Rp4.34 trillion.

Wika expects revenue to grow 15-20% this year, to reach Rp10.81 trillion to Rp11.28 trillion, along with its business expansion and the government's infrastructure project.

Bintang Perbowo, WIKA's president director, said currently the government's projects contribute 60% of total company's contracts.(hans@theindonesiatoday.com)

Wijaya Karya Re-sell Shares Buy Back Program



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» Antam Sets Bond Coupon at 8.375%-9.05%

Theindonesiatoday.com - State miner PT Aneka Tambang (Antam) Tbk (ANTM) has set coupon for its bond worth Rp3 trillion. This is the first phase issue for its Rp4 trillion bond issuance program.

» Foreign Investors Net Buy Down Slightly

Theindonesiatoday.com - Foreign investors recorded net buy of Indonesian stocks amounted to Rp1.37 trillion last week, down slightly from Rp1.39 trillion in the previous week.

» Bekasi Fajar Gains Further 24.6%

JAKARTA, Indonesia Today - Stock price of the newly listed industrial estate developer PT Bekasi Fajar Industrial Estate (BEST) Tbk surged 24.56% to Rp355 Wednesday.

» Intraco Issues Rp220 Billion Notes

Theindonesiatoday.com - Heavy equipment distributor and mining contractor PT Intraco Penta (INTA) Tbk has signed the issuance of Rp220 billion medium term notes with Bank Permata.

» United Tractors Injects US$100 Million to Coal Unit

Theindonesiatoday.com - Heavy equipment supplier, mining contractor, and coal producer PT United Tractors (UNTR) Tbk has injected US$100 million into coal producing subsidiary PT Tuah Turangga Agung.

» 2 Chinese Companies Involved in Sumatra Power Project

 JAKARTA, Indonesia Today - PT DSSP Power Sumsel, a unit of PT Dian Swastatika Sentosa Tbk (DSSA), has clinched two deals with two Chinese companies in relation with the 2x150MW Sumsel-5 Steam Power Plant (PLTU) establishment.

» Cosco Shipyard Delivers Vessel to Asian Buyer

Theindonesiatoday.com - Cosco Corporation (Singapore) Limited announced today that Cosco (Zhoushan) Shipyard Co., Ltd, a subsidiary of the company's 51% owned Cosco Shipyard Group Co, has delivered a bulk carrier of 57,000 dwt, "STX PRIDE", to its...

» IDX Inches Up 0.19% at Morning Close

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) only ended up 0.19% at 3,759.66 at morning close as profit taking cut its earlier gain. Regional markets also gain.

» Moody's Assigns Provisional (P)B1 to Lippo Karawaci's Proposed Bond

SINGAPORE, Indonesia Today - Moody's Investors Service has assigned a provisional (P)B1 rating to the proposed senior unsecured notes to be issued by Theta Capital Pte Ltd and guaranteed by PT Lippo Karawaci Tbk (LK) and some of its subsidiaries.

» Suicide bombing Hits Church in Solo

Theindonesiatoday.com - A bomb was exploded in Bethel Injil Sepuluh Church, Kepunton-Solo, Central Java, killed one who committed suicide and injured 15 people, Detik.com reported.

» Newcastle Port Coal Shipments Drops 27%

Theindonesiatoday.com - Newcastle Port Corporation reports 27% drop on its coal shipment to 2.03 million tons in the week ended 12 September 2011 compared to the previous week.

» IndoAgri Reports 26.7% Profit Drop in Q1

SINGAPORE, Indonesia Today - 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 total revenue of Rp3.2 trillion (S$443 million)...

» Jetlease to Sue Merpati Airlines

Theindonesiatoday.com - French company Jetlease S.a.r.l will file a lawsuit against PT Merpati Nusantara Airlines after the companies failed to reach an amicable settlement on Merpati’s debt refinancing related to two leased Boeing 737-301...

» BSD Reports 64% Profit Growth in Q1

JAKARTA, Indonesia Today - Property developer PT Bumi Serpong Damai (BSD) Tbk (BSDE) booked net profit of Rp265 billion in the first quarter (Q1) of 2012, grew 64% from Rp162 billion in the corresponding period of last year.

» IDX Narrows Losses, Regional Mostly Down

Theindonesiatoday.com - Composite index of the Indonesian Stock Exchange (IDX) ended down 0.08% at 3,839.62 with the buying in afternoon session helping the index to close off low.

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