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BP to Invest US$11 Billion in Tangguh, Deliver Train 3 PoD Tomorrow

BP to Invest US$11 Billion in Tangguh, Deliver Train 3 PoD Tomorrow  

JAKARTA, Indonesia Today - British Petroleum (BP) Plc plans to invest US$11 billion for Tangguh LNG Block and will deliver…

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BP to Sign Domestic Gas Supply Contract Tomorrow

BP to Sign Domestic Gas Supply Contract Tomorrow  

JAKARTA, Indonesia Today - BP Plc is going to sign Memorandum of Understanding (MoU) with Indonesian Government for 230 million…

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Govt to Issue Contract Renewal Regulation for Oil & Gas Blocks This Year

Govt to Issue Contract Renewal Regulation for Oil & Gas Blocks This Year  

JAKARTA, Indonesia Today - Ministry Regulation about Contract Renewal for Oil & Gas Blocks is scheduled to be issued this…

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Oil Price Approaches $90, Coal Stocks Tumbled

Oil Price Approaches $90, Coal Stocks Tumbled  

JAKARTA, Indonesia Today - Coal stocks at the Indonesia Stock Exchange (IDX) tumbled this afternoon (May 23) along with the…

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Kalbe Farma to Pay Dividend Rp891 Billion

Kalbe Farma to Pay Dividend Rp891 Billion  

JAKARTA, Indonesia Today - Pharmaceutical giant PT Kalbe Farma Tbk (KLBF) will pay dividend of Rp891 billion, or Rp95 per…

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BSM Q1 Profit Jumps 42.87%

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)…

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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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Latest News

Wa Ode Promises to Reveal the “Budget Game” in Trial

JAKARTA, Indonesia Today - Wa Ode Nurhayati, member of the House Budget Body (Banggar) from National Mandate Party (PAN) and gr...

Corruption | Wednesday, 23 May 2012

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Java Island Plotted as Main Electricity Storage for Indonesia

JAKARTA, Indonesia Today - President Director of PT PLN Nur Pamudji proposes to establish Java as the main electricity storage in...

Energy | Wednesday, 23 May 2012

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Pyridam Seeks 12% Growth This Year

JAKARTA, Indonesia Today - Pharmaceutical company PT Pyridam Farma (PYFA) Tbk plans to boost production and launch new products in ...

Pharmaceuticals | Wednesday, 23 May 2012

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Sukhoi Victims’ Bodies Returned to Families, Insurance Payment Not Clear Yet

JAKARTA, Indonesia Today – The remains of all 45 victims of the crash Sukhoi Superjet 100 have been handed over to...

People | 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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Resources Headlines

Moody's Revises Bumi's Ratings Outlook to Stable

Theindonesiatoday.com - Moody's Investors Service has affirmed PT Bumi Resources Tbk's (Bumi) Ba3 corporate family rating and Bumi Investment Pte Ltd's Ba3 senior secured notes rating.

Read more: Moodys Revises Bumis Ratings Outlook to Stable



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» Glencore Rumor Fails to Lift Bakrie Stocks

Theindonesiatoday.com - Bakrie-related stocks are mostly under pressures on the Indonesia Stock Exchange despite rumor about possible purchase of Bumi Plc shares by Glencore International.

» IDX Top 20: BRI Down to 7th, BUMI Out of the League

JAKARTA, Indonesia Today - Bank Rakyat Indonesia (BBRI) has dropped to seventh largest on Indonesia Stock Exchange (IDX) by market capitalization as Telkom and Unilever gained substantially this year.

» Noteholders Waive Default of Sino-Forest

Theindonesiatoday.com - Holders of a majority in principal amount of its Senior Notes due 2014 and its Senior Notes due 2017 have agreed to waive the default arising from the failure of Sino-Forest Corporation to release its 2011 third quarter...

» IDX Advances on Global Sentiment Commodities

Theindonesiatoday.com - Composite index of Indonesia Stock Exchange (IDX) opened higher by 0.5% this morning as most markets in the region are in green zone to tracking Wall Street and commodities.

» BII Finance's 2011 Profit Doubled

JAKARTA, Indonesia Today - Car financing PT BII Finance Center booked net profit of Rp71.92 billion in 2011, doubled from Rp34.49 billion in 2010.

» HSBC to Divest Banking Business in Panama

HONG KONG, Indonesia Today - After divesting its Thailand Retail Banking and Wealth Management business, The Hongkong and Shanghai Banking Corporation Limited (HSBC) also will divest its HSBC Bank (Panama) SA by fourth quarter 2012.

» Davomas Shares Sold at 60% Discount in Negotiation Market

Theindonesiatoday.com - Magnus Capital has facilitated transaction of 814 million shares of PT Davomas Abadi (DAVO) Tbk at Rp20 per share or about 60% discount to the last quoted price of the cocoa processor.

» Bakrie & Bhakti Stocks Dominated Trading

  Bakrie-related stocks dominated stocks trading on Indonesia Stock Exchange (IDX) today, led by Bakrieland and Bumi Resources which gained 5.88% and 2.02% respectively.

» Guangdong Investment Issues US$250 Million Bonds

Theindonesiatoday.com - Guangdong Investment Limited plans to issue US$250 million 3% guaranteed exchangeable bonds due 2016, with an option to subscribe up to an additional US$50 million.

» Bank DKI 2011 Profit Jumps 70.8%

JAKARTA, Indonesia Today - PT Bank DKI posted net profit of Rp301.33 billion in 2011, jumped 70.8% from Rp176.38 billion in 2010. 

» IDX Ends Higher on Japan Economic Report

 Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) ended higher Monday in line with positive sentiment in regional and global markets.

» Elnusa Bags US$108 Million Contracts

Theindonesiatoday.com - Oil and gas services company PT Elnusa Tbk (ELSA) Tbk has secured contracts worth US$108 million until August 2011.

» IDX Reaches 3,900 Points, Regional Mixed

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade up 1.44% at 3,913.33 while regional market were mixed.

» Bank Bukopin Q1 Profit Grows 41%

Theindonesiatoday.com - PT Bank Bukopin Tbk (BBKP) posted net profit of Rp155.71 billion in the first quarter (Q1) of 2011, grew by 41% from Rp107.34 billion in the same period of 2010.

» Mitsubishi Approves Australia Giant Coking Coal Project

Theindonesiatoday.com - Mitsubishi Corporation (MC) has today approved a large-scale expansion project of BMA in Queensland, Australia. 

 

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