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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

Heinz Reports 8.2% Sales Growth in Asia Pacific

PITTSBURGH, Most global U.S.-based food company, H.J. Heinz Company (NYSE:HNZ) reported that sales of the Asia/Pacific segment grew 8.2% to $632 million in the third quarter ending 25 January 2012.

Organic sales increased 6.6%. Constant currency sales in Emerging Markets increased by 17.9%, while Developed Markets constant currency sales were flat. Pricing increased 4.1% and volume increased 2.5%.

Significant volume growth occurred in China, particularly in Master® and other foodservice sauces, and infant feeding products, as well as ABC® sauces and drinks in Indonesia, and Ore-Ida frozen potatoes and Heinz sauces in Japan. Volume declined in Australia.

Favorable foreign exchange translation rates increased sales by 1.6%. Operating income increased by 25.0% to $54 million, primarily due to growth in our Emerging Markets businesses. Australia, while down, has improved sequentially this year.

H.J. Heinz Company, offering “Good Food Every Day”™ is one of the world’s leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition.

Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or “on-the-go.” Heinz is a global family of leading branded products, including Heinz® Ketchup, sauces, soups, beans, pasta and infant foods (representing over one third of Heinz’s total sales), Ore-Ida® potato products, Weight Watchers® Smart Ones® entrees, T.G.I. Friday’s® meals & snacks, and Plasmon infant nutrition.

Heinz is famous for its iconic brands on six continents, showcased by Heinz® Ketchup, The World’s Favorite Ketchup®. (Indonesia Today)

 



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» Media Boss Demands Compensation from Citibank-Melinda Fraud

JAKARTA, Indonesia Today - Mirta Kartohadiprodjo, President Commissioner of Femina Group, revealed that she is one of victims of Malinda Dee, former relationship manager of Citibank Indonesia. Mirta claimed to have suffered Rp22 billion losses...

» Nine Local Police Heads in Papua Replaced

Theindonesiatoday.com - National Police has been rotating nine local police heads in Papua and appoints one other local police head.

» Atlas Sees Strong Indonesian Hatcheries Operation

Theindonesiatoday.com - Pearl jewellery company, Atlas South Sea Pearl Ltd (ASX: ATP), says the juvenile oyster production at the company’s Indonesian hatcheries in the 2010/2011 spawning season was sufficient to meet Atlas’ production growth...

» Sarana Menara Operating Profit Grows 15%

Theindonesiatoday.com - Independent tower operator PT Sarana Menara Nusantara (TOWR) Tbk booked net profit of Rp151.26 billion in the first quarter of 2011, doubled from the same period of 2010.

» KPK Examines Alfindo Director

Theindonesiatoday.com - The Corruption Eradication Commission has examined Arifin Ahmad, director of PT Alfindo, as witness of bribery case on Friday (June 10).

» Australia Supplies Cattle to Only 25 Indonesian Abattoirs

Theindonesiatoday.com - Meat & Livestock Australia Ltd (MLA) said Australia will only supply cattle to 25 accredited Indonesian abattoirs (processing facilities) as a follow up from cruelty reports to their cattle in Indonesia.

» Shenhua Coal Output Grows 12.9%

HONG KONG, Indonesia Today - China Shenhua Energy Company Ltd, one of the world's largest thermal coal producers, produced 24.5 million tons of coal last month, an increase of 12.9% from April 2011.

» IDX Closes Morning Up 0.69%

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade up 0.69% at 3,778.33 in line positive sentiment in regional markets.

» Robust Focuses Drilling in Most Significant Hole of Batu Mas

Theindonesiatoday.com - Robust Resources Ltd says drilling at Romang Island, West Nusa Tenggara, has been ongoing with a further 15 holes and 2,374 meters of diamond drilling was completed in the first quarter at the Batu Mas and Batu Hitam...

» IDX Closes Morning Up, Commodity Leads

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade higher by 0.75% at 3,818.59 in line with gains in regional markets.

» Rajawali Group Controls 19.9% Indo Mines

Theindonesiatoday.com - Peter Sondakh’s Rajawali Group has approved proceeding with the $13.2 million placement in Indo Mines Ltd, the controller of Kulonprogo Iron Ore Project, Yogyakarta.

» CPO Future Price Increases, Plantation Stocks Drop

Theindonesiatoday.com - CPO futures prices on the Bursa Malaysia for the benchmark February delivery increased to RM3,250 per ton. While price for March delivery rose to RM3,241 per ton. On the ICDX, the CPO futures prices for the benchmark February...

» Arpeni Raises US$95 Million from New Shares & Convertible Bonds

Theindonesiatoday.com - The troubled shipping company PT Arpeni Pratama Ocean Line (APOL) Tbk plans to raise US$95 million from the issuance of new shares without preemptive rights of US$75 million and convertible bonds of up to US$20 million. 

» Adavale Signs Indonesian Coal JV with Eddyarto

Theindonesiatoday.com - Adavale Resources Ltd has entered into a joint venture agreement with Haryono Eddyarto to explore and mine for coal with shareholding composition of 60:40.

» Buana Finance H1 Profit Doubled

Theindonesiatoday.com - Consumer financing company PT Buana Finance Tbk booked net profit of Rp45 billion in the first half of 2011, jumped 114% from the same period last year.

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