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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

Clouds Hanging Over Papua Governor Election

Indonesia Today - Clouds are hanging over election of governor and vice governor of Papua following conflicts between Papua Election Commission (KPUD Papua) and the Papuan People Council (MRP).

Benny Sweny, KPUD Papua chairman, said it is not entirely clear whether KPUD will organizing the election through direct election system as planed before. Benny also said that KPUD Papua will be waiting for special regional regulation (Perdasus) of Papua governor election as a legal basis to organize the election.

“We’re still waiting for Perdasus, and I hope its consultation with internal affairs minister will immediately be settled,” Benny is quoted by Bintang Papua.

Timotius Murib, MRP chairman, meanwhile, said that his side agree with internal affairs minister’s proposal to return the election to the House of Regional Representatives (DPRD) by revising the Law No 32/2004 about The Regional Government.

Timotius shared the views of internal affairs minister that revision of Law No 32/2004 will not only reducing the high cost of direct election, but could tame escalation of political conflicts in Papua.

“It’s better if the internal affairs ministry can immediately revise Law No 32/2004, in order to minimize conflicts in Papua elections,” said Timotius as quoted by Bintang Papua.

Timotius also pointed to negative impacts of direct election as had happened in the elections of West Papua province, Puncak Jaya regency, Illaga regency, etc.

The term of Barnabas Suebu and Alex Hesegem as governor and vice governor of Papua has actually ended since July 25, 2011. But, conflicts in the province have pushed back the election. The central government via Home Affairs minister, later appointed Syamsul Arief Rifai as acting governor of Papua.

There are seven pair candidates of governor and vice governor ready to enter the race. They are:

1.      The incumbent pair candidate Barnabas Suebu-John Tabo, with support from coalition of five political parties led by Gerindra Party;

2.    Alex Hesegem-Komarudin Watubun, supported by coalition of thirteen political parties led by PDI-P,

3.    Lukas Enembe-Klemen Tinal, supported by coalition of ten political parties led by Demokrat Party,

4.    Habel Melkias Suwae-Yop Kogoya, supported by coalition of thirteen political parties led by Golkar Party,

5.     Manase Robert Kambu-Belasius Pakage, supported by coalition of ten political parties led by PAN,

6.    Welington Wenda-Waynand Watory pair, an independent pair.

7.     Noakh Nawipa-Yohanes Wob pair, an independent pair. (haryanto@theindonesiatoday.com)

 


More articles :

» Govt Mulls Gas Hydrates Deepwater Exploration

TANAH LOT, Indonesia Today - Ministry of Energy & Mineral Resources is considering gas hydrates deepwater exploration on southern Sumatera–Java islands and around Sulawesi island.

» NuEnergy to Commence Muara Enim Drilling

Theindonesiatoday.com - Australian company NuEnergy Capital Limited to commence drilling of its Muara Enim PSC in South Sumatra.

» Wet Season Delays Coal Sales from Jongkang Project

SYDNEY, Indonesia Today - Jatenergy Ltd (ASX: JAT) delays its initial coal sales from the Jongkang project to February 2012 following wet season.

» 235 Miners Have Clean & Clear Mining Licenses

Jakarta, Indonesia Today - Directorate General of Coal & Mineral of Ministry of Energy & Mineral Resources has filed new 235 licenses for mining (IUP) holders listed as ‘Clean and Clear’.

» SQ Posts $1 Billion Profit, Faces Twin Challenges

Theindonesiatoday.com - Singapore Airlines booked net profit of $1.09 billion in the financial year 2010-11 ended March 31, 2011, surged from $216 million in the previous financial year, which was adversely affected by the global financial crisis.

» Asian Market in Negative Territory

Theindonesiatoday.com - Asian stock markets open mostly in red territory this morning on limited positive news and mixed signals from Wall Street and Europe.

» Tunas Baru Lampung Enters Sugar Industry

Theindonesiatoday.com - CPO producers PT Tunas Baru Lampung Tbk (TBLA) will enter the sugar industry in order to diversify its business. 

» Former Police Chief Dibyo Widodo Passes Away

SINGAPORE, Indonesia Today - Dibyo Widodo, former National Police Chief has passed away Thursday (March 15) at Gleneagles Hospital, Singapore reportedly caused by complication of diseases.

» Malaysian and US Franchises to Invest in Indonesia

Theindonesiatoday.com - Indonesian Franchise Association (AFI) claimed around 100 Malaysian franchises and 15 US' franchises plans to invest in Indonesia, Kontan.co.id reported.

» North Lanut Gold Output Falls 20%

Theindonesiatoday.com - North Lanut gold mine in North Sulawesi, which is acquired by Johan Lensa from Avocet Mining Plc, produced 9,709 ounces of gold in the second quarter of 2011, fell 20% from the previous quarter.

» IDX Almost Reaches 4,000 Points

Theindonesiatoday.com - Composite index of the Indonesian Stock Exchange (IDX) closed morning up 1.42% at 3,995.39, an intraday record high and almost reaches 4,000 points level.

» Churchill Delivers Notice of Dispute to Ridlatama Group

Theindonesiatoday.com - Churchill Mining Plc has delivered a notice of dispute to its Indonesian minority partner, the Ridlatama group, as well as several related individuals, in relation to the East Kutai Coal Project.

» Forex Reserves Drop Further to $111 Billion

Theindonesiatoday.com - Indonesia's foreign exchange (forex) reserves declined further by US$2.6 billion to US$111.3 billion as of November 30, 2011.

» Jababeka to Raise US$150 Million from Debt Markets

Theindonesiatoday.com - Industrial estate developer PT Kawasan Industri Jababeka Tbk (KIJA) plans to issue US$150 million debt securities by the end of this year.

» Astra Agro Acquires Adau Agro Kalbar

Theindonesiatoday.com - PT Astra Agro Lestari Tbk (AALI), the plantation arm of Astra Group, has in July 4, 2011 acquired 100% interest in PT Adau Agro Kalbar.

 

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