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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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First Resources CPO Output Soars 25.1% in H1

Theindonesiatoday.com - First Resources Limited, a plantation company with production assets in Indonesia, produced 186,718 tons of crude palm oil (CPO) in the first half of 2011, soared 25.1% from the same period last year.

Palm kernel oil (PKO) output also surged 26.4% to 42,444 tons, while FFBs harvested jumped 26% to 785,953 tons.

First Resources reported FFB yield per hectare of 9.2 tons and CPO yield of 2.2 tons per hectar, while CPO extraction rate at 23.6%.

June CPO output was 30,587 tons, increased 13.1% from June 2010, while harvested FFBs rose 11% to 142,465 tons. (teguh@theindonesiatoday.com)



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» Motorcycles Sales Jumps 44.1% in January

JAKARTA, Indonesia Today - National motorcycles sales totaled 645,715 units in January 2012, jumped 44.1% compared to 448,102 units in December 2011, Bisnis Indonesia reported this morning.

» Augur Confirms Further Diamond Drilling Results in Wonogiri

Theindonesiatoday.com - Augur Resources Ltd confirms further results from diamond drilling program from the Randu Kuning prospect in Wonogiri project, Central Java.

» Discover the World Assigned to Market Auckland-Denpasar Flight

SCOTTSDALE, Indonesia Today – Discover the World has been selected to handle sales and marketing for Air New Zealand in Indonesia as the airline will launch new service between Auckland and Denpasar, Bali in June 2012. 

» Former Health Minister Named Suspect by Police, Witness Says

JAKARTA, Indonesia Today – Mulya Hasmy, defendant and former head of health problems handling at health affairs ministry, revealed to the Jakarta Corruption Court on Thursday (Apr 12) that former minister Siti Fadilah Supari has been named as...

» Viva Media to Float 23% Shares, Listing Next Month

Theindonesiatoday.com - PT Visi Media Asia (Viva Media Group), holding company of Bakrie’s television station units, TV One and ANTV, will offer 23% shares to public next month, detikfinance.com reported.

» Medical Equipment Scandal Drags Seven Politicians

Theindonesiatoday.com - Investigation into the scandal in procurement of medical equipment for bird flu at ministry of health leads to involvement of seven legislators in the period of 2004-2009.

» 40 People Feared Drowning from Kutai Bridge Collapse

Theindonesiatoday.com - National Police HQ predicted about 40 people were still trapped from the collapsing Kutai Kartanegara Bridge in Tengarong, East Kalimantan Saturday (November 26).

» IDX, Regional Slip Following Global Markets

Theindonesiatoday.com - Composite index of the Indonesian Stock Exchange (IDX) opened down 0.43% at 3,816.40 this morning in line with the corrections in regional markets, to tracking global markets.

» CBP Group Contributes 42% Sales to Indofood in H1

Theindonesiatoday.com - Giant food processor PT Indofood Sukses Makmur (INDF) Tbk said in press statement today its consumer brand products (CBP) group contributed 42% to its net sales during the first half (H1) of 2011. Indofood booked...

» Sun Life Posts 11% Premium Growth in 2011

JAKARTA, Indonesia Today - PT Sun Life Financial Indonesia booked unaudited premium income of Rp867.8 billion, grew 11% from Rp779 billion in 2010, Investor Daily reported this morning.

» Astra Reports 42% Profit Growth in First Quarter

Theindonesiatoday.com - PT Astra International, the nation's largest auto retailer, booked net profit of Rp5.07 trillion in the first quarter of 2011, grew by 42% compared to Rp3.58 trillion in the corresponding period of 2010.

» IDX Regains Ground as Blue Chip Rebounds

Theindonesiatoday.com - Composite index of Indonesia Stock Exchange (IDX) closed off its low, only declined 0.08% at 3,752.11, as some blue chips rebounded in afternoon trade.

» OPEC Maintains Oil Demand Growth Target

VIENNA, Indonesia Today - Organization of Petroleum Exporting Countries (OPEC) maintains its prediction of world oil demand growth of 1.1 million barrels per day this year.

» Sunshine Diversifies into Resources Business

Theindonesiatoday.com - Chinese property developer Sunshine Holdings Limited diversifies its business into commodities, minerals, and resources. 

» Ancora Postpones Rights Issue

Theindonesiatoday.com - PT Ancora Resources (OKAS) Tbk has decided to postpone the rights issue scheduled this month pending due diligence of target company to be acquired, Kontan.co.id reported.

 

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