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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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Latest News:

Resources Headlines

BWPlantation CPO

Theindonesiatoday.com - PT BW Plantation Tbk (BWPT) produced 8,389 tons of crude palm oil (CPO) in September 2011, grew 4% from 8,066 tons in the same period of last year. Compared to previous month, the figure increased 3%.

It produced 1,397 tons of kernel in last month, compared to 1,383 tons in September 2010.

While FFB production totaled 34,465 tons, of which FFB nucleus amounted 32,880 tons. Third party FFB production totaled 2,328 tons. (hans@theindonesiatoday.com)

 



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» KPK Examines Dutasari Director in Hambalang Case

JAKARTA, Indonesia Today - The Corruption Eradication Commission (KPK) has examined Mahfud Suroso, director of PT Dutasari Citralaras, in the bribery case of Hambalang project implicating Demokrat Party chairman Anas Urbaningrum.

» PDI-P Politician Theo Syafei Passes Away

Theindonesiatoday.com - Theo Syafei, senior PDI-P politician and former chairman of Megawati-Prabowo campaign team in 2009 election, passed away in Jakarta this morning.

» Petrosea's Santan Batubara Declares Force Majeure

Theindonesiatoday.com - Mining contractor PT Petrosea (PTRO) Tbk, a subsidiary of Indika Energy (INDY), said its 50%-owned unit PT Santan Batubara has in November 7, 2011 declared force majeure for its coal sales to customers.

» CCL Industries Signs Label and Tube License Agreement for Indonesia

Theindonesiatoday.com - CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B), a world leader in specialty packaging solutions for the consumer products and healthcare industries, announced on Thursday (April 28) that it has signed a license agreement with...

» JAKS Resources & Meiya Build 1,200 MW Coal-Fired Power in Vietnam

Theindonesiatoday.com - Malaysian company JAKS Resources Berhad, Meiya Power (HD) Limited, and Island Circle Investment Holding Limited have entered into joint venture agreement for the construction of 2x600 MW coal-fired power plant in Vietnam.

» Toyota to Invest Rp1.7 Trillion for Capacity Expansion

Theindonesiatoday.com - Manufacturing Indonesia (TMIN) plans to invest Rp1.7 trillion or 16.5 billion yen, for expanding its plant's capacity in Karawang International Industrial City (KIIC), West Java, Detikfinance.com reported.

» ENI Makes a New Discovery at Jangkrik North East 1 NFW, Kutei Basin

Theindonesiatoday.com - Italian oil and gas giant ENI SpA has made a new hydrocarbon discovery offshore Indonesia. 

» Astra Agro to Build Cooking Oil Mill

Theindonesiatoday.com - Plantation company PT Astra Agro Lestari Tbk (AALI) plans to build cooking oil mill with investment of US$100 million, Investor Daily reported this morning.

» Agung Podomoro Sets Bond Coupon 10-11%

Theindonesiatoday.com - Property giant PT Agung Podomoro Land (APLN) Tbk has set coupon of 10-11% for its bonds worth Rp1.2 trillion, Bisnis Indonesia reported this morning.

» China Trims Growth Target, Miners Lost Ground

JAKARTA, Indonesia Today - Mining stocks tumbled worldwide Monday to respond China's decision to trim economic growth target this year.

» Pase Block Work Program Approved

Theindonesiatoday.com - Triangle Energy Ltd claimed Upstream Oil & Gas Regulatory Body (BP Migas) has approved its full year 2012 work program and budget for the Pase PSC, Aceh, as well as targeting ExxonMobil’s asset in the province.

» Vico Indonesia CEO Joins Salamander Energy

LONDON, Indonesia Today - Vico Indonesia CEO, Craig Stewart, joins Salamander Energy Plc as General Manager for Indonesia, replacing John Henriksen who is retiring.

» Dart Energy to Drill 4 Wells in South Sumatera

MELBOURNE, Indonesia Today - Dart Energy Ltd is going to drill four wells in the Muralim PSC, South Sumatera and scheduled to bid the Bontang Bengalon PSC by mid-2012.

» Pertamina Hulu to Spend $70 Million for ONWJ Exploration

Theindonesiatoday.com - PT Pertamina Hulu Energi Offshore North West Java (ONWJ), subsidiary of state-owned Pertamina, allocates US$50-70 million to drill five new exploration wells in 2012 and plans for early maintenance shutdown in January 2012.

» Bank Permata Kicks Off Rp700 Billion Subdebt Issue

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) announces on prospectus today it plans to issue subordinated bond (subdebt) worth Rp700 billion in mid of June, 2012, as the first phase of its Rp2.5 trillion subdebt program.

 

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