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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:

Law

The Corruption Eradication Commission (KPK) has on Thursday confiscated luxury car ‘Jaguar’ owned by daughter of the North Sumatera Governor Syamsul Arifin as it found that the funds to purchase to the car was taken from illegal sources.
“The car was confiscated because the the funds to buy the car were taken from local government Budget,” Kompas daily quoted Triharsa Nugraha, a spokesperson of KPK.
 
Triharsa said the light blue metallic-colored car was produced in 2003 with a price tag of around Rp600 million. Arifin’s daughter Beby Arbiana bought the car using Langkat District’s 2004 Budget.
 
KPK has declared Syamsul Arifin as a suspect for misusing Langkat District government budget for the period of 2000-2007, when Arifin held position as Langkat District Head. He is accused to have misused local government budget funds amounting to Rp91 billion. He was reported to have returned Rp60 billion of the funds.
 
Syamsul Arifin has been barred from going abroad since April 16, 2010. Syamsul is the head of Golkar Party for North Sumatera branch for the period of 2009-2014. The central board of Golkar has promised to help Syamsul Arifin by way of providing legal advocacy.

More articles :

» Mayora to Issue Rp750 Billion Bonds & Sukuk

JAKARTA, Indonesia Today - Food processor PT Mayora Indah (MYOR) Tbk plans to issue bonds and sukuk worth Rp750 billion this year to finance its expansion program.

» Leo Resources Enters Drilling Services Business

JAKARTA, Indonesia Today - PT Leo Resources, a subsidiary of PT Leo Investments Tbk (ITTG) enters drilling services business by acquiring one onshore rig plus its supporting equipments for US$10.2 million in 2012, while it also will postpone its...

» Anas Challenges KPK to Prove $6.9 Million Graft

Theindonesiatoday.com - Anas Urbaningrum, chairman of President SBY's Demokrat Party, challenges the Corruption Eradication Commission (KPK) to prove allegations mounted by former treasurer Muhammad Nazaruddin regarding his involvement in graft...

» WMN Convinced Local Communities to Support Manganese Project

SYDNEY, Indonesia Today - Western Manganese Limited ensures that local communities backed their Genesis Manganese Project, Central Sulawesi when production commence.

» Pukuafu-Newmont Mediation Failed

Theindonesiatoday.com - Mediation between PT Pukuafu Indah and Newmont Indonesia Limited plus Nusa Tenggara Mining Corporation regarding the seizure of PT Newmont Nusa Tenggara (NNT) shares has collapsed.

» PLN Insists Court Can't Adjudicate MAP Lawsuit

Theindonesiatoday.com - State-owned electricity company PT PLN insists that the South Jakarta District Court have no authority to adjudicate the lawsuit from PT Matahari Anugerah Perkasa related to the dispute over coal supply...

» Empresaria Controls 90% PT Monroe Consulting

Theindonesiatoday.com - Empresaria Group Plc, acquires a further 35% per cent shareholding in PT Monroe Consulting Indonesia, a subsidiary of Empresaria in Indonesia.

» Bakrie Plantations to Transfer 6.1 Million Shares to Credit Suisse

Theindonesiatoday.com - Plantation company PT Bakrie Plantations Tbk (UNSP) plans to transfer 6.1 million shares to Credit Suisse (USA) LLC for replacing notes.

» Bank Syariah Mandiri Books Rp551.07 Billion Profit

JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp551.07 billion in 2011, grew 32% compared to Rp418.52 billion in 2010.

» SUM to Complete Feasibility in Tembang Project by End 2011

Theindonesiatoday.com - Sumatera Copper & Gold Plc (SUM) plans to complete the definitive feasibility in Tembang Project by end 2011, while the work so far is mainly focused on Sontang Project.

» Cocoa Processing Capacity Soars 30%

Theindonesiatoday.com - Indonesia's cocoa processing capacity soars 30% to 689,750 tons per annum this year with the operation of new and additional capacities by 14 companies.

» Adidas Takes Local Businessman to Court

JAKARTA, Indonesia Today - Germany sports apparel manufacturer Adidas AG has filed a trademark lawsuit against local businessman Achyar BH Bustaman to Commercial Court related to the three strips trademark used by the local businessman.

» DBS Injects RMB2.3 Billion into China Operation

SINGAPORE, Indonesia Today - DBS Bank plans to inject RMB2.3 billion into DBS China to facilitate the expansion of its fast-growing China franchise.

» Bonia Establishes Indonesian Subsidiary

Theindonesiatoday.com - Banyan Sutera Sdn Bhd, a subsidiary of Bonia Corporation Berhad, has established Indonesian subsidiary PT Banyan Cemerlang for wholesaling of fashionable goods and accessories.

» KPK Investigates Mark-Up Allegation in Sukhoi Jets Purchase

JAKARTA, Indonesia Today - The Corruption Eradication Commission (KPK) plans to investigate the report filed by a coalition of several Non-Government Organizations (NGO’s) related to the mark-up allegation in the purchase of six Sukhoi SU 30MK2...

 

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