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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

WOM Finance Profit

JAKARTA, Indonesia Today - Consumer financing firm, PT Wahana Ottomitra Multiartha Tbk (WOMF), subsidiary of Bank International Indonesia, reported net profit of Rp5.39 billion last year, crashed 96% from 2010 due to higher provision for impairment losses and worker’s salaries.

Its revenue, meanwhile, jumped 10.7% to Rp1.65 trillion following higher net consumer financing and more interests.

Unfortunately, the salaries and employees benefits rose 21% and provision for impairment losses surged 86.6%, resulting 26% increase on operating expenses to Rp1.64 trillion.

Consequently, WOMF posts income before tax of only Rp15.77 billion, slashed 92% from 2010.

On the other hand, total assets in the end of 2011 grew 8.6% to Rp3.91 trillion. Liabilities increased 10.5% to Rp3.47 trillion, while equities dropped 5% to Rp436.65 billion. (bintang@theindonesiatoday.com)

Wahana Ottomitra Multiartha



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» Noble Group Controls 7.9% Atlas Resources

Theindonesiatoday.com - SGX-listed Noble Group Limited, one of the region's largest commodity trading companies, has secured control over 7.91% of the total issued shares of PT Atlas Resources (ARII) Tbk. 

» Bank DBS Indonesia's Profit Jumps Threefold

Theindonesiatoday.com - PT Bank DBS Indonesia reported profit after tax of Rp334.6 billion in the first 9 months ending September 2011, jumped by threefold compared to Rp79.67 billion in the same period of last year.

» IDX, Shanghai Rebound, Oil Price Boosts Sentiment

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) ended higher by 0.28% at 3,836.97, rebounded from earlier losses, boosted by buying in afternoon trade. Shanghai also regained by 1.38%.

» 3 Underwriters to Sell BNI's Global Bond

JAKARTA, Indonesia Today - PT Bank Negara Indonesia Tbk (BBNI) has appointed 3 underwriters, Credit Suisse, Deustche, and Morgan Stanley, to help offering global bond worth US$500 million, Bisnis.com reported.

» Coal Stocks Open Mostly Up

Theindonesiatoday.com - Coal miners opened mostly up this morning along with the gains in Asian and Australia markets boosted by Greece’s positive progress on its default debt issue.

» Asian Stock Markets Mostly Gain Further

Theindonesiatoday.com - Asian stock markets open mixed this morning as Wall Street main indexes closed off high Wednesday (Oct 12).

» Astra Agro CPO Sales Volume Grows 11.8% in December

JAKARTA, Indonesia Today - Plantation firm PT Astra Agro Lestari Tbk (AALI) sold 124,000 tons of crude palm oil (CPO) in December 2011, grew 11.8% from 111,400 tons in November 2010. The figure increased 4.7% compared to 119,000 tons sold in...

» Inovisi First Half Profit Tripled

Theindonesiatoday.com - Mobile telecommunication infrastructure services provider PT Inovisi Infracom (INVS) Tbk booked net profit of Rp65 billion in the first half of 2011, tripled from the corresponding period last year on strong revenues growth.

» Indomobil New Shares Priced Rp8,000, Lower Bound

Theindonesiatoday.com - PT Indomobil Sukses Internasional (IMAS) Tbk has set the price of new shares issued at Rp8,000. This is the lower bound of the range set at Rp7,500-Rp9,500 per share.

» Total Records 12.3 Billion Euro Profit

PARIS, Indonesia Today - Total SA, owner of 50% interest in the giant Mahakam Block, booked net profit of 12.3 billion Euro last year, an increase of 16% from 2010 on higher prices of oil and gas.

» Batu Hijau Gold-Copper Output to Decline Substantially This Year

DENVER, Indonesia Today - Newmont Mining Corp predicts its share of gold and copper production in Batu Hijau mine, Sumbawa (PT Newmont Nusa Tenggara) to drop substantially this year.

» September Inflation 0.27% on Stable Rice Price

Theindonesiatoday.com - Stable rice price helped dragged down inflation in September 2011 to 0.27% from 0.93% in previous month, thanks to stable price price, Central Bureau of Statistics (BPS) reported.

» BCA, Others Reject APOL Debt Settlement Proposal

Theindonesiatoday.com - Bank Central Asia (BBCA) and other creditors have on Thursday (Oct 20) rejected the revised settlement proposal submitted by Arpeni Pratama Ocean Line (APOL). 

» Wijaya Karya's New Contracts Rp5.8 Trillion in H1

Theindonesiatoday.com - State contractor PT Wijaya Karya Tbk (WIKA) booked new contracts of Rp5.8 trillion in the first half (H1) of 2011, representing 47.15% of its full year target, Investor Daily reported this morning.

» Bank Permata to Buy back Subdebt in December

Theindonesiatoday.com - PT Bank Permata Tbk (BNLI) announces today it will buy back its subordinated bonds (subdebt) worth Rp500 billion in December 15, 2011.

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