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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

ConocoPhillips Seeking EPC Contractors for Bungin Gas Project

Theindonesiatoday.com - ConocoPhillips plans to build Bungin Gas field, part of the South Jambi Block Production Sharing Contract (PSC), located in Jambi province.



ConocoPhillips reported that it invites companies to participate in tender of engineering, procurement and construction (EPC) for Bungin gas field development project.

The Bungin field development project intends to build gas plant and its associated facilities, to treat the gas and meet the sale gas specification, for delivery to the end user through third party gas transportation pipeline.

EPC for Bungin field development project includes project management and supervision, construction management, process guarantee, shipping, freight, start up support, third party inspection and certification, mobilization and demobilization, provision of camp facilities. (ferdi@theindonesiatoday.com)

 



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» Asian Stocks Mostly in Higher Ground

  Theindonesiatoday.com – Asian stock markets opened mostly in higher grounds this morning, anticipating positive deal between US President and Senate over debt issues.

» PLN to Invest Rp27.3 Trillion in Power Plant

Theindonesiatoday.com - State-owned electricity company PT Perusahaan Listrik Negara (PLN) allocates Rp27.3 trillion for power plant next year, representing 39.51% of total capital expenditure (capex), Investor Daily reported this morning.

» TPPI Delays Again Debt Payment to Pertamina

Theindonesiatoday.com - Aromatics company PT Trans Pacific Petrochemical Indotama (TPPI), a subsidiary of PT Tuban Petrochemical Industries, has further postponed debt payments to Pertamina from August 26 to September 7, Detikfinance.com reported.

» Linktone's Revenue Grows 18%, Indonesia also Drives

Theindonesiatoday.com - Linktone Ltd., a provider of interactive media and entertainment products and services to consumers in China and Indonesia, reported its gross revenues increased 18% sequentially to $16.6 million for the third quarter ending...

» PLN Intends to Boost Electricity Power from Hydro and Solar

NUSA DUA, Indonesia Today - State utility PT PLN intends to add 5.4 GW from new hydro power plants development by 2017 and 235MWp of solar power by 2013.

» Lippo Securities Swings to Loss

JAKARTA, Indonesia Today - PT Lippo Securities Tbk (LPPS) suffered loss of Rp3.68 billion in 2011, mainly due to the significant drop in profits from associated entities.

» Foreign Investor Sells BNI via Private Placement

Theindonesiatoday.com - Foreign investor sold 223.88 million shares of PT Bank Negara Indonesia Tbk (BBNI) through private placement, Investor daily reported this morning. The transaction was made through crossing market at the Indonesia Stock...

» Jababeka Reports 7.7% Profit Growth in H1

Theindonesiatoday.com - Industrial estate developer PT Jababeka (KIJA) Tbk posted net profit of Rp52 billion in the first half (H1) of 2011, increased 7.7% from Rp48 billion in the corresponding period of last year.

» Surya Toto Sets Up Property Unit

JAKARTA, Indonesia Today - PT Surya Toto Indonesia Tbk (TOTO) and PT Surya Pertiwi, sole marketing agent of Surya Toto, set up new property unit PT Surya Graha Pertiwi.

» Asia Pacific Remains Growth and Innovation Engine

Theindonesiatoday.com - DuPont East Asia President Carl J. Lukach told investors at the CLSA Asia Forum that DuPont is on track to generate approximately 20 percent sales growth this year in Asia Pacific, versus 2010 revenues of $7.3 billion.

» Gas Prices to Be Raised, Adds $7.5 Billion to State Coffers

JAKARTA, Indonesia Today - Gas prices purchased from Corridor Block and South Sumatera Block supplied to PT Perusahaan Gas Negara Tbk (PGAS) are set to be raised by more than threefold. Meanwhile the State will capture more income from oil & gas...

» Metropolitan Kentjana Sets Rp1.5 Trillion Capex for 2012

Theindonesiatoday.com - Property developer PT Metropolitan Kentjana Tbk (MKPI) allocates capital expenditure (capex) of Rp1.5 trillion for 2012, increases 50% compared to this year's capex, Bisnis Indonesia reported this morning.

» Nazaruddin Accuses Demokrat Lawmaker Didi Irawadi of Corruption

JAKARTA, Indonesia Today - Corruption suspect and former treasurer of President SBY's Demokrat Party launched another attack this morning. He accused Demokrat lawmaker Didi Irawadi Syamsuddin as corruptor.

» Raisama Drills Three Wells in Indonesia Next Year

Theindonesiatoday.com - Raisama Limited plans to drill three exploration wells in its Indonesian oil and gas blocks next year.

» Arta Graha Director to Testify on BI's Election Bribery Case

JAKARTA, Indonesia Today - Witadinata Sumantri, Compliance Director of Bank Arta Graha, is scheduled to give testimony today (April 2) before the court on the Bank Indonesia Senior Deputy Governor bribery case with defendant Nunun Nurbaeti.

 

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