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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

OCBC NISP to Acquire Multifinance Company

  JAKARTA, Indonesia Today - PT Bank OCBC NISP Tbk (NISP) plans to acquire multifinance company, focusing on heavy equipment or aut...

Banking | Wednesday, 23 May 2012

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Samudera Indonesia Proposes Rp292 Billion Debt Extension

  JAKARTA, Indonesia Today - PT Samudera Indonesia Tbk (SMDR) proposes to extend the payment of debt totaling Rp292.05 billion, Bisnis Ind...

Transportation | Wednesday, 23 May 2012

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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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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

Theindonesiatoday.com - Rio Tinto today announced it has appointed some executives into Riversdale board, namely Doug Ritchie (Rio Tinto Energy chief executive), Matt Coulter (Rio Tinto chief development officer – coal), and David Peever (Rio Tinto Australia managing director).

“The new Riversdale board will reflect our majority share holding and help clear the way for the development of Riversdale’s assets as quickly as possible,” Doug Ritchie commented on press release.

The acquisition of majority interest in Riversdale Mining Ltd delivers control of significant one coking coal projects after passing 50% share holding and may increase further.

Through the acquisition, Rio Tinro will able to manage the Benga project, a 65:35 joint venture with Tata Steel ltd, and Zambeze coal project, Riversdale’s fully owned prospect. The projects are located adjoining in the Tete and Moazite provinces, Mozambique. (Theindonesiatoday.com)


More articles :

» Japfa Comfeed Kicks Off Bond Issue

Theindonesiatoday.com - Agribusiness giant PT Japfa Comfeed Indonesia Tbk (JPFA) announces on prospectus today it plans to issue bonds worth Rp1.5 trillion for funding capital expenditure, working capital and repaying matured bond.

» DSN Operates 2nd CPO Mill in Sangatta

Theindonesiatoday.com - PT Dharma Satya Nusantara (DSN), part of Swakarsa Group, commenced the operation of the second unit of CPO mill in Sangatta, East Kalimantan.

» Myoh to Chance Core Business into Coal Mine

Theindonesiatoday.com - Software provider PT Myoh Technology Tbk (MYOH) plans to change its core business to coal mine and mining service by acquiring PT Sims Jaya Kaltim, a subsidiary of Samtan Co Ltd.

» 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.

» 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.

» Tiphone IPO Priced at Rp250-350

Theindonesiatoday.com - Cellular phone disributor PT Tiphone Mobile Indonesia Tbk has set its IPO price at between Rp250 to Rp350 per share, to raise total proceeds of between Rp700 billion to Rp900 billion.

» Bank Sulut Considering Para Group's Acquisition Proposal

Theindonesiatoday.com - Regional development bank PT Bank Sulawesi Utara (BPD Sulut) is considering the proposal of Para Group, controlled by  Indonesia's billionaire Chairul Tanjung, for acquiring 30% stake in the bank, Investor Daily reported...

» Weatherford & Wira Insani Ordered to Compensate Superior Coach

Theindonesiatoday.com - The East Jakarta District Court ruled in favor of PT Superior Coach in a tort case and ordered PT Weatherford Indonesia and PT Wira Insani to pay Rp13 billion in compensation to Superior Coach.

» Bank Pundi to Raise Rp500 Billion via Rights Issue

Theindonesiatoday.com - PT Bank Pundi Indonesia Tbk (BAEK), formerly Bank Eksekutif, plans to issue 5 billion new shares through pre-emptive rights scheme, priced at Rp100 per share, or Rp500 billion in total.

» CITIC Expects to Spud Lofin-1 in Seram Next Month

Theindonesiatoday.com - CITIC Seram Energy Ltd expects to spud exploration well LOFIN-1 of the Seram (Non-Bula) Block PSC in early January 2012.

» Sound Oil Completes Jatayu-I Well Construction

Theindonesiatoday.com - Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces today that site construction has been completed for the Jatayu-1 well.

» Darma Henwa Flips to Loss in Q1

JAKARTA, Indonesia Today - Mining contractor PT Darma Henwa (DEWA) Tbk booked net loss of US$2.8 million in the first quarter of 2012, flipped from net profit of US$7.83 million in the corresponding period of 2011.

» Altura Awaits Forestry License for Kalimantan Coal Production

SYDNEY, Indonesia Today - Altura Mining Ltd is confident in seeking Tabalong Project’s first coal production in 2012 even though it has yet to secure Forestry Land Use Permits for mine commencement, while its Indonesian mining services records...

» Ramunia Acquires FPSO US$82.5 Million

Theindonesiatoday.com - Malaysian Ramunia Holdings Berhad has entered into agreement with DP Producer AS regarding the acquisition of a floating production, storage & offloading (FPSO) for US$82.5 million.

» Redstone Acquires 80% Citra Kebun Raya

JAKARTA, Indonesia Today - Redstone Resources Pte Ltd, Singapore, has purchased 80% shares of PT Citra Kebun Raya Agri (CKRA) Tbk for Rp1.11 trillion.

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