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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

BSM Q1 Profit Jumps 42.87%

  JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp192.72 billion in the first quarter (Q1) of ...

Banking | Wednesday, 23 May 2012

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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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Politics:

Politic Headlines

Aceh Election, Commission Divided over Schedule

Theindonesiatoday.com - An internal friction in the Aceh Election Commission (KIP Aceh) has emerged over the stages of Aceh elections including schedule of the elections day following the latest interlocutory ruling from the Constitutional Court (MK) which ordered KIP Aceh to re-open the registration period for another seven days.

Abdul Salam Poroh, KIP Aceh chairman, has issued KIP Aceh Letter No. 29/2012 about the registration schedule for new pair candidates. KIP Aceh decided to keep the schedule of the elections on February 16, 2012 and only giving three days (January 18-20, 2012) for candidate of governor-vice governor, regent-vice regent, and mayor-vice mayor to registering themselves. KIP Aceh said it needs four days to verify the candidates.

According to Abdul Salam, the letter refers to MK’s interlocutory decision and also the letter from General Election Commission (KPU), which ordered KIP Aceh to keep the schedule of Aceh elections on February 16, 2012.

Robby Syahputra, other executive member of KIP Aceh, meanwhile, protested KIP Aceh Letter No. 29/2012. Robby even accused that Abdul Salam has issued the letter unilaterally without ask an approval from other members of the commission. “The letter was issued by KIP Aceh chairman without an approval from other members in a plenary meeting. Although Pak Salam Poroh is a chairman, he’s also a member, who has equal rights with other members,” Robby said.

Robby hopes other members would agree with him to send a letter to MK asking additional time for registration period of candidates. He believes that KIP at regency/mayoralty level will not able to implementing all the stages of registration in only a few days. “Technically, it’s impossible and it will affecting to the quality of the elections, while MK demands KIP Aceh to hold a qualified, honorable, and fair elections.”

Until Thursday (Jan 19), there’s no pair candidate using the window of registration.  Aceh Party, the biggest local political party in the province, however, stated that they definitely would registering its candidates for the elections.

According to its earlier statement, Aceh Party will propose Zaini Abdullah and Muzakkir Manaf as governor and vice governor candidates. Aceh Party, which is a representation of former Aceh Free Movement (GAM), currently controls 17 regencies/cities.
Military Commander, Admiral Agus Suhartono, meanwhile, stated that Aceh's status is similar to Papua, which is classified a civil order (tertib sipil) status. “Both Papua and Aceh are in civil order status, which means we will help the Police upon request,” Agus told yesterday.

The incumbent governor Irwandi Yusuf previously expressed his rejection over civil order status for Aceh. Irwandi argued that security condition in Aceh is conducive. “There’s no need to set a civil order status. I walk alone anywhere safely,” Irwandi said convincingly.

MK has on Tuesday (January 17) in its interlocutory decision of a lawsuit filed by internal affairs minister ruled against the decision of Aceh Election Commission (KIP Aceh). MK has decided to order KIP Aceh to re-open the registration period of Aceh elections for another seven days. The decision is taken to give a time for all parties to participate as a candidate of governor-vice governor, regent-vice regent, and mayor-vice mayor in the elections.

MK explained in its consideration that MK had actually issued an interlocutory decision on November 2, 2011 to order KIP Aceh to extend the registration period of Aceh elections for seven days. MK, however, said that it understands that there are some parties who were still waiting for a legal certainty of the elections at that time which triggered them not to registering themselves. MK then issued final decision on November 24, 2011 asking KIP Aceh to continue the elections. MK in Tuesday's trial chaired by constitutional judge Harjono and two others judges (Mohammad Alim and Hamdan Zoelva), decided to issue another interlocutory decision asking KIP Aceh to re-open the registration period of Aceh elections because MK worried that its final decision on November 24, 2011, which gave legal basis for the election, will be meaningless.

The central government via internal affairs minister filed a lawsuit about postponement of Aceh elections to MK on January 10 while later Aceh Party also filed a similar lawsuit to MK on January 13.

The incumbent pair candidate of Aceh governor and vice governor, Irwandi Yusuf and Muhyan Yunan meanwhile along with thirtyfour other pair candidates firmly stated yesterday that they refuse any plan to postpone the elections in the region. They also threatened to sues Aceh Election Commission (KIP Aceh) and Internal Affairs Minister to the Constitutional Court (MK) if both parties. (haryanto@theindonesiatoday.com)

 


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