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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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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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Sukhoi’s Victims Evacuation to Complete Today

Sukhoi’s Victims Evacuation to Complete Today

JAKARTAm, Indonesia Today - The evacuation of victims of the crashed Sukhoi Superjet 100 is scheduled to be completed today…

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Remembering Trisakti Tragedy

Remembering Trisakti Tragedy

JAKARTA, Indonesia Today - Thousands of students from University of Trisakti flocked at the famous HI Circle in Jakarta today…

Detail

Evacuation Team Almost Reaches Crashed Sukhoi Area

Evacuation Team Almost Reaches Crashed Sukhoi Area

JAKARTA, Indonesia Today - The evacuation team, consisting of national military, police corps and volunteers including local people, reportedly almost…

Detail

Rough Terrain Hampers Sukhoi’s Victim Evacuation

Rough Terrain Hampers Sukhoi’s Victim Evacuation

JAKARTA, Indonesia Today - National Search and Rescue Agency (Basarnas) claims the evacuation of Sukhoi Superjet100’s victims would be not…

Detail

Health Minister Endang Rahayu Passes Away

JAKARTA, Indonesia Today - Endang Rahayu Sedyaningsih, Health Minister, passes away in Kencana Cipto Mangunkusumo Hospital (RSCM), Wednesday (May 2).

Detail


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People

Theindonesiatoday.com - Former director of state bank BNI, Bien Subiantoro, has been appointed new CEO of Bank Jabar Banten (BBJB), a bank controlled by regional administrations of West Java and Banten.

Bien replaces Agus Ruswendi, who has been CEO of the bank since 2007. Ruswendi is now appointed chairman (president commissioner) of the bank, replacing Lex Laksamana.

Bien was previously director of treasury and international at BNI. 

Graduated from Bandung Insitute of Technology in 1982, Bien earned his master in accounting management from University of Indonesia in 1992 and MBA from University of Oregon, USA in 1995. Prior to joining BNI in 2003, Bien was senior vice president international banking, FI, and overseas network group head of Bank Mandiri. (Theindonesiatoday.com)



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» Asian Stocks Moves to Higher Grounds

Theindonesiatoday.com - Asian stock markets continued their rallies this morning on positive sentiment from Wall Street and Europe.

» Indo Premier Buys 7.99% Shares of Bumi Teknokultura

Theindonesiatoday.com - PT Bumi Teknokultura Unggul Tbk (BTEK) said PT Indo Premier Securities' clients had in December 14, 2011 bought 88.09 million shares of Bumi Teknokultura, representing 7.99% of its total listed shares (1.1 billion shares).

» Audit on Newmont Divestment Needs 90 Days

Theindonesiatoday.com - The Supreme Audit Agency (BPK) needs 90 days to accomplish the audit of purchase of 7% shares in PT Newmont Nusa Tenggara (NNT) by Government Investment Center (PIP).

» Major Porn Websites Lost Ground, Tube8 Tops The List

Theindonesiatoday.com - All major porn websites are losing ground in Indonesia. Livejasmin lost its crown as the most popular porn website visited by Indonesians to Tube8 for the week ended May 12.

» Chandra Asri Expands Cracker & PE

Theindonesiatoday.com - PT Chandra Asri Petrochemical (TPIA) Tbk plans to expand its olefin cracker and polyethylene facility with additional investment of around US$420 million.

» RHB & OSK in Merger Talks

Theindonesiatoday.com - RHB Capital Berhad has submitted an application to Bank Negara Malaysia (BNM) for approval to commence negotiations with OSK Investment Bank Berhad, and its holding company Holdings (OSKH) for a possible merger of RHB...

» Trikomsel Signs Distribution Agreement with HP

Theindonesiatoday.com - PT Trikomsel Oke Tbk (TRIO) has on Tuesday (August 23, 2011) signed partnership agreement with Hewlett-Packard to become Indonesian official distributor.

» Finance Minister Suspects Illegal Export of Minerals

Theindonesiatoday.com - Finance minister Agus Martowardojo suspected under-reporting of mineral exports by some mining companies. He discovered mismatch of export reports filed by some companies.

» First State Targets Rp4.5 Trillion Assets Next Year

Theindonesiatoday.com - Fund management company PT First State Investment (FSI) Indonesia was optimistic that its assets under management (AUM) would grow further to 4.5 trillion next year.

» Paramount Commences Gunung Rosa Drilling

SYDNEY, Indonesia Today - Paramount Mining Corporation Ltd has commenced a 3-hole diamond drilling at the Gunung Rosa Gold Project, West Java, aiming to expand the historic 358koz gold JORC compliant mineral resources within the area.

» Bank Sumut Reports 7.5% Profit Growth in H1

Theindonesiatoday.com - North Sumatera regional development bank PT Bank Sumut posted net profit of Rp223.89 billion in the first half of 2011, grew 7.5% from Rp208.19 billion in the corresponding period last year.

» Police Investigates Suspicious Accounts of Regional Leaders

Theindonesiatoday.com - National Police is ready to follow up reports filed by the Financial Transaction Report and Analysis Center (PPATK) regarding suspicious accounts of some regional leaders (governors and regents).

» SMBC's Loan Outstanding in Indonesia Slips, BTMU Grows 14%

Theindonesiatoday.com - Sumitomo Mitsui Banking Corporation (SMBC) reported total outstanding loan in Indonesia of 87.4 billion yen as at March 31, 2011, down slightly by 669 million from March 31, 2010.

» Toyota Car Sales Increase in January, Honda's Declines

JAKARTA, Indonesia Today - Toyota Astra Motor (TAM) reported its car sales to retail market grew 10% to 29,010 units in January 2012, compared to January 2011, or increased 8.6% compared to December 2011, Bisnis Indonesia reported this morning.

» KPK Names Former Cilegon Mayor as Corruption Suspect

JAKARTA, Indonesia Today – The Corruption Eradication Commission (KPK) has on Monday (April 23) named Aat Syafaat, former mayor of Cilegon, Banten (2005-2010 period) as suspect in corruption case for the development of the Kubangsari Port.

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