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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

Theindonesiatoday.com- Toyota Motor Corp sues PT Lexus Daya Utama as it has registered Lexus brand at the Directorate General of Intellectual Property Rights.

In the lawsuit, Toyota said the Lexus trademark registered by the defendant has the similarities in principle to his own brand. “Registering the Lexus brand means that the defendant intends to ride the popularity of Lexus brand owned by Toyota which has nurtured many years,” said George Widjojo, on Sunday (28/11).

Toyota claims to have registered the Lexus brand on May 25th, 1992 and has been renewed on May 25th 2002. The Lexus brand was registered to protect the cars, parts, and the equipments.

However, Lexus Daya Utama denies all allegations of Toyota. Hendrawati Santoso, the attorney of Lexus Daya Utama, stated that the registration of their Lexus brand has been comply with the procedure and was not contradictive to the provisions of legislation.

She argued that there are differences in types and classes of goods. “Lexus brand owned by Lexus Daya Utama is to protect the goods categorized in class 09, while Toyota’s to protect the types of goods of class 12,” she said.

Early this year, the trademark that registered by defendant to protect all kinds of computers and its parts, accessories and its equipments, namely PC, software, computer disks, computer power supply, computer monitors, disk drive, mouse, keyboard, USB, computer memory and CD/DVDRW.

Previously, Toyota has successfully cancelled the Lexus’s brand trademarked by Budi, a food enterpreneur from Batam. The Court judged that Budi had created Lexus brand on bad faith as Lexus had been the popular brand of Toyota.

Budi registered Lexus brand to protect foods, chocolate chips, and others.

As plan, JAKARTA Commercial Court will proceed the Lexus brand dispute between Toyota and Daya Utama tommorrow. (Devie Nova/Theindonesiatoday.com)


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» BNI Considers Megacity Curator's Arguments Groundless

Theindonesiatoday.com - Dispute between state-bank BNI and curator tream of Megacity Development (in the bankruptcy process) continues as BNI rebuffed Megacity curator team's arguments on the judicial review process.

» Alibaba H1 Profit Grows 32.3%

Theindonesiatoday.com - Alibaba.com Limited, China's largest e-commerce portal, booked profit attributable to equity owners of RMB917.0 million in the first half (H1) of 2011, an increase of 32.3% from the same period in 2010.

» JA Wattie H1 Profits Doubled

Theindonesiatoday.com – Newly listed plantation for PT J.A. Wattie Tbk booked net profit of Rp115.8 billion of net profit in the first half 2011, doubled from the corresponding period last year on strong prices of commodities.

» Prosecutor Cirus Sinaga Gets 5 Years Prison

Theindonesiatoday.com - Suspended Prosecutor Cirus Sinaga has been sentenced five years prison by the Jakarta Corruption Court today (October 25). 

» BlackBerry to be Charged Luxury Tax

Theindonesiatoday.com - Industry minister MS Hidayat said government plans to impose luxury tax (PPn BM) on imported BlackBerry.

» Golden Energy Provides Rp100 Bn Loan to Subsidiary

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» Nazaruddin Trial Adjourned Again...

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» Under Pressures, Andi Nurpati Attacks Mahfud MD

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» Woodside Issues US$700 Million Bonds

Theindonesiatoday.com - Woodside Petroleum Limited has entered into an agreement for the issuance of US$700 million in corporate bonds in the United States 144A bond market.

» Volvo's UD Trucks Jumps 143% in Indonesia

GOTEBORG, Indonesia Today - Volvo Group's truck operations reported a 4% decrease of deliveries to 18,497 vehicles worldwide last month. Deliveries to Indonesia, however, jumped 143%.

» Oil Slips, Energy Stocks Mostly Drop

Theindonesiatoday.com - The oil and gas commodities futures prices slipped again. The price of futures of Asian Nymex Crude oil was at USD 82.62 per bbl, slipped 0.33% from previous settlement, while the Natural Gas was slipped 0.10% to USD 4.00...

» Akraya to Supply Service for Ammonia Project in Banggai

JAKARTA, Indonesia Today - PT Panca Amara Utama (PAU) seals Technical, Consultation, and Marketing Service Procurement Agreement with PT Akraya International on 1 May 2012, PT Surya Esa Perkasa Tbk (ESSA) confirms.

» Central Jakarta Court to Examine Huabei's Appeal

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» CPO Ends Above RM3,200 on Supply Issues

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» Bumi Asri Still Strive for Settlement with OCBC

Theindonesiatoday.com - PT Bumi Asri Pasaman, defendant in the case of default filed by Bank OCBC Indonesia, states that it still strive for peace settlement even though the examination of the case has entered conclusion stage.

 

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