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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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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…

Detail

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…

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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 - Bride Suryanus Allorante, a politician from Indonesian Democratic Party of Struggle (PDI-P) was elected as Chairman of Construction Services Development Agency (LPJK) – West Kalimantan Chapter.

Allorante is assisted with three deputies, Baskoro Effendy (politician from PDI-P), Gusti Zulkifli Mukli (a lecturer from Tanjungpura University, Pontianak), and Yadi Haliman (a graduate from Tanjungpura University).

Bride S Allorante in 2010 entered the North Toraja Regent Election race, together with Johanis O.S. Bari from Indonesian Peace Democracy Party (PKDI). Unfortunately, the duo lost the race to Frederik Batti Sorring - Frederik Rombe Layuk which supported by minority parties.

Additionally, Baskoro Effendy, besides compatriot of Allorante in PDI-P, is also Honorary Chairman of Indonesian Chess Association (Percasi).

LPJK is an agency that head most of Indonesian infrastructure or construction services companies, regulated in Law No.18/1999 about Construction Services. (bintang@theindonesiatoday.com)


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» Barisan Gold Expects C$11 Million from Rights Issue

Theindonesiatoday.com - TSX Venture-listed Barisan Gold Corporation expects to raise approximately C$11.1 million from the rights issue. Proceeds will be used to advance exploration at Barisan gold-copper project in Indonesia.

» Court Allows Vastex to Implement Toll Manufacturing

JAKARTA, Indonesia Today - PT Vastex Prima Industries, a textile company in bankruptcy process, will use toll manufacturing service to pay creditors and workers after the bankruptcy supervising judge granted the company's request.

» Vale Q3 Profit Drops 19%

Theindonesiatoday.com - Vale SA, parent company of PT Vale Indonesia (INCO) Tbk, booked net profit of US$4.9 billion in the third quarter of 2011, dropped 19% from the same period last year and 23% below the June 2011 quarter.

» Shell Acquires 30% Masela Block from INPEX

Theindonesiatoday.com - INPEX Masela, Ltd. has signed an agreement with Shell Upstream Overseas Services (I) Limited, a subsidiary of Royal Dutch Shell plc, to transfer a 30% participating interest in the Masela Block, the Arafura Sea, Indonesia...

» Willy Suwandi, New President Director of Adira Finance

JAKARTA, Indonesia Today - PT Adira Dinamika Multi Finance Tbk (ADMF), a subsidiary of PT Bank Danamon Indonesia Tbk (BDMN), had on Monday (May 7) appointed Willy Suwandi Dharma, as the President Director of Adira Finance, in the company’s General...

» S&P Buys 4.9% Stake in RAM Holdings

Theindonesiatoday.com - Standard & Poor’s (S&P) Ratings Services bought 4.9% stake in RAM Holdings Bhd from the Asian Development Bank (ADB).

» Guessing Game on 'Mr A' Continues

Theindonesiatoday.com - Guessing game on 'Mr A', someone alleged by Demokrat politicians of deliberately destroying the party from within, continues as Demokrat defies public pressures to reveal the identity of Mr A.

» ABM Investama's Unit Eyes 8 Million Tons Coal Production

JAKARTA, Indonesia Today - PT Reswara Minergi Hartama, unit of PT ABM Investama Tbk (ABMM),  targets to produce 6-8 million tons of coal next year, Kontan.co.id reported. The company operates in Aceh.

» DBS Bank and Sumitomo Trust to Deepen Cooporation in Asia

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» DPR Yet to Approve Fuel Price Hike

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» Jababeka Mulls Bond Issue Worth $150 Million

Theindonesiatoday.com - Industrial estate developer PT Jababeka Tbk (KIJA) plans to issue two bonds worth US$150 million for repaying debt and funding the business expansion, Investor Daily reported this morning.

» MNCN Proposes Rp485 Billion Dividend

JAKARTA, Indonesia Today - PT Media Nusantara Citra (MNCN) Tbk, controlled by Tanoesoedibjo family, seeks shareholders approval on April 30th, 2012 for a proposal to pay out Rp485 billion of dividend from its 2011 net profit.

» Voksel Electric Eyes Rp1.4 Trillion Contract with PLN

JAKARTA, Indonesia Today - Cable manufacturer PT Voksel Electric Tbk (VOKS) targets to book cable sale of Rp1.4 trillion with state electricity company PT Perusahaan Listrik Negara (PLN) this year, Bisnis Indonesia reported this morning.

» Trikomsel Targets 14.6% Growth in Revenue This Year

JAKARTA, Indonesia Today - Cell phone retailer PT Trikomsel Oke Tbk (TRIO) targets to book revenue of Rp8.1 trillion this year, an increase of 14.6% compared to Rp7.1 trillion in 2011.

» SBY Releases His Fourth Album

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