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Oil Stays Below $92, Coal Shares Lost Steam

Oil Stays Below $92, Coal Shares Lost Steam 

JAKARTA, Indonesia Today - Coal-related shares retreated in the region this morning, after substantial rebound on Tuesday, as Nymex crude…

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CPO Slips, Dragging Down Plantation Shares

CPO Slips, Dragging Down Plantation Shares 

JAKARTA, Indonesia Today - Plantation shares slip again in the region this morning to tracking the downfall of crude palm…

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Royal Oak Seeking Rp500 Billion Loan

Royal Oak Seeking Rp500 Billion Loan 

JAKARTA, Indonesia Today - PT Royal Oak Development Asia Tbk (RODA) is now seeking bank loan amounting Rp500 billion for…

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Banyu Urip Field Starts Oil Production in May 2014

Banyu Urip Field Starts Oil Production in May 2014 

JAKARTA, Indonesia Today - The Upstream Oil and Gas Regulatory Body (BPMIGAS) is confident that Banyu Urip project in the…

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ENRG's Tonga Block Commences Oil Production

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…

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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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Latest News

Bank Papua Q1 Profit Rp101.79 Billion

JAKARTA, Indonesia Today - PT Bank Pembangunan Daerah Papua (Bank Papua) booked profit after tax of Rp101.79 billion in the ...

Banking | Wednesday, 23 May 2012

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Naga Selatan-1 Drilling Reaches 84% Total Depth

MELBOURNE, Indonesia Today - Cue Energy Resources Ltd says the drilling in the Naga Selatan-1, East Kalimantan well has reached 84...

Energy | Wednesday, 23 May 2012

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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 ...

Stocks | 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 ...

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 have burnt down three unit trucks of State plantation company PT Perkebunan Nusantara ...

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 ...

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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People

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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…

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


Latest News:

People

JAKARTA, Indonesia Today - Aburizal Bakrie, Golkar Party Chairman, files a report to the Jakarta Metro Police against Ramadhan Pohan, deputy secretary general of Demokrat Party, for defamation.

Aburizal stated that Ramadhan Pohan has committed defamation and violated article 310 and 311 of Indonesia Criminal Code, with a maximum of 4 years prison.

Rudy Alfonso, lawyer of Aburizal Bakrie, said that he has sufficient evidences to bring Ramadhan Pohan to the court. The evidences, among others, are news article in JPNN (Jawa Pos) which quoted Ramadhan Pohan's statement that the troubled mining company PT Sumber Mineral Nusantara (SMN) is Aburizal’s ATM machine.

The article, published on January 6th, 2012, according to Rudy, was quoted by several others media and caused damages to Aburizal. The next evidence is a document listing the names of PT SMN shareholders, which does not contain the name of Aburizal Bakrie.

Aburizal Bakrie has on January 19th filed a subpoena against Ramadhan Pohan, for the statement. Pohan, however, said that the subpoena does not affect his eagerness to investigate PT SMN's relation with Aburizal Bakrie.

The subpoena, according to Pohan, was wrongly addressed because he issued the statement in his capacity as member of The House. Pohan argues that instead of filing a subpoena, Aburizal should have filed a report to the press council.

The case started when Pohan questioned the intention of Fery Zulkarnai, Bima Regent and Head of Golkar in West Nusa Tenggara, in fiercely defending PT Sumber Mineral Nusantara, because the company supports Fery in the regional election.

Moreover Ramadhan also accused Sumber Mineral is an “ATM machine” for Aburizal Bakrie. “There is a strong indication that PT Sumber Mineral Nusantara is an ATM machine for Aburizal Bakrie and his group,” said Pohan at that time.

On December 2011 there were clash broke out of a protest from local residents against gold mine operation of PT Sumber Mineral Nusantara over a 24,984 hectares. Residents reject mining operation because of its location nearby rice fields and residential area. (indra@theindonesiatoday.com)

Aburizal Bakrie


More articles :

» Former KPK Deputy Appointed Inspector at Education Ministry

Theindonesiatoday.com - Former deputy chief of the Corruption Eradication Commission (KPK) Haryono Umar has been appointed as acting inspector general at education and cultural affairs ministry. 

» IDX Reaches 3,800, Hang Seng Jumps 5.85%

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade up 2.44% at 3,805.63 while regional markets also gain significantly.

» Regional Markets Mostly Gain, Profit Taking Emerges

Theindonesiatoday.com - Regional stock markets mostly opened higher this morning but profit taking occured in some markets. Gains in Wall Street and European stock markets boosted buying sentiment in regional markets.

» Qinfa Remains Optimistic on China Coal Sector

Theindonesiatoday.com - China Qinfa, a leading non-State coal producing company, remains optimistic about the future of the coal sector in China, mainly due to the high growth of China's economy and the coal production and supply constraints as a...

» Astra Honda Builds New Factory for Skuter Matik

JAKARTA, Indonesia Today - PT Astra Honda Motor (AHM), motorcycle business line of PT Astra International Tbk (ASII), builds new factory for producing skuter matic (skutik) motorcycle, Bisnis.com reported.

» 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), has passed away on Monday (May 21) at a local hospital in Yogyakarta at the age of 79.

» BNI Provides $50 Million Loan to Asia Petrocom

Theindonesiatoday.com - PT Bank Negara Indonesia Tbk (BBNI) provides financing of US$50 million for PT Asia Petrocom Services, provider of oil and gas drilling equipment, Bisnis.com reported.

» Drilling of Two Development Wells in Wortel Field to Commence Saturday

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» Orpheus Starts B34 Drilling in Kalimantan January 2012

Theindonesiatoday.com - Orpheus Energy Ltd (ASX: OEG), a spin-off company of Coalworks Ltd, says drilling program for the newly acquired Block 3 & 4 (B34) in East Kalimantan is planned for January 2012 to establish a JORC resource.

» Sinopec H1 Profit Grows 9.4% to RMB40 Billion

Theindonesiatoday.com - China Petroleum & Chemical Corporation (Sinopec) booked net profit of RMB40.24 billion in the first six months ended June 30, 2011, representing a 9.4% growth over the same period last year.

» Sinarmas Purchased More SMART Shares for Rp396 Billion

Theindonesiatoday.com - PT Purimas Sasmita, controlling shareholder of palm oil producer PT SMART Tbk, has purchased 57.42 million shares of SMART at Rp6,900 per share.

» Kokoh Inti Arebama Posts Losses

Theindonesiatoday.com - PT Kokoh Inti Arebama (KOIN) Tbk, a company recently acquired by Siam Cement Group, posted net loss of Rp43.6 billion in nine months ended September 30, 2011 against net profit of Rp5.6 billion in the corresponding period...

» Newcrest Sets $12 Million Exploration Expenditure for Gosowong, Halmahera

SYDNEY, Indonesia Today - Newcrest Mining Ltd has set A$12 million of exploration expenditure for the Gosowong Gold Mine, North Maluku in the next six months period of 2012 following increasing costs in production mostly in segments of mining,...

» CPO Down Slightly, Plantation Stocks Mostly in Red

Theindonesiatoday.com - Plantation stocks opened mostly lower in the region this morning on broad market sentiment as crude palm oil (CPO) down only slightly in the futures market.

» Bredero to Provide Pipeline Coatings for Ruby Gas Project

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