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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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6.8 Magnitude Earthquake Hits Bali

Theindonesiatoday.com - A powerful earthquake hit Southwest of Indonesia’s popular resort island of Bali at 10.16AM on Thursday (13/10).

According to Meteorology and Geophysics Board (BMG), the earthquake measured a magnitude of 6.8 and the epicentre is located 143km southwest of Bali on 10km depth. However the board claimed the quake will not potentially create tsunami.

The quake felt in the regions of Kuta, Mataram, Madura, Jember, Blitar, Surabaya, Malang, Karangkates, and Wonogiri.

NO casualties reported from the earthquake, so far. (bintang@theindonesiatoday.com)

 



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» EWC's Unit to Develop PSC for LNG Market

Theindonesiatoday.com - Energy World Corporation (EWC) announces today that its wholly-owned Energy Equity Epic Sengkang (EEES) is planning to develop the PSC to its potential in order to supply LNG to domestic market in Indonesia up to 5 MTPA.

» XL to Raise Capex to $800 Million

JAKARTA, Indonesia Today - PT XL Axiata Tbk (EXCL), a major mobile phone company in Indonesia, plans to raise its capital expenditure (capex) for this year to US$800 million, from US$600 million spent last year, Bisnis.com reported.

» Credit Suisse to Fund Jogjakarta Iron Project

SYDNEY, Indonesia Today - Credit Suisse (Australia) Ltd has been mandated to assist Indo Mines Ltd with funding for the development of the Jogjakarta Iron Project, while Hendra Surya has been appointed in Indo Mines board.

» Danatama Holds 11.51% Stake in Kertas Basuki

 Theindonesiatoday.com - PT Danatama Capital Management had in December 21, 2011 bought 1 billion shares of paper producer and distributor PT Kertas Basuki Rachmat Indonesia Tbk (KBRI), representing 11.51% of its enlarged capital.

» CBM Asia & Continental Join Forces for Indonesian CBM

JAKARTA, Indonesia Today - Continental Energy Corporation and CBM Asia Development have signed a joint study and bid group agreement for coal-bed-methane (CBM) projects in Indonesia.

» Metals Bounce Back, Baltic Dry Index Slips

Theindonesiatoday.com - The Baltic Dry Index, a gauge for international shipment of bulk materials, ended the week of July 1st with 0.8% correction despite recovery of metals.

» Telkom Selecting Foreign Advisors for Telkomsel Buyout

Theindonesiatoday.com - Indonesia's largest telecommunication provider PT Telkom (TLKM) Tbk is now selecting foreign advisors for acquiring 35% shares of Telkomsel from SingTel, Investor Daily reported this morning.

» East Asia Minerals Bags $10 Million from Private Placement

Theindonesiatoday.com - East Asia Minerals Corporation, with projects in Sumatra and Sulawesi, has bagged $10 million from the placement of shares to investors.

» SIA and Scandinavia Partnered to Boost Flights

Theindonesiatoday.com - Singapore Airlines and Scandinavian Airlines have agreed to boost air services between Singapore and destinations in Scandinavia - including with direct flights to the Swedish capital Stockholm. 

» Bayan Given Notice of Contract Breach on Tabang Coal Project

Theindonesiatoday.com - Australia-listed White Energy Ltd has given notice to PT Bayan Resources (BYAN) Tbk that it is in breach of its obligation under the joint venture deed between PT Kaltim Supacoal (KSC) shareholders.

» BW Plantation to Pay Rp36 Billion as Dividend

Theindonesiatoday.com - PT BW Plantation Tbk (BWPT) will distribute cash dividend of Rp36 billion, or Rp9 per share, for the fiscal year 2010. Dividend will be distributed in November 1, 2011, to shareholders recorded at October 18, 2011.

» 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.

» Barito Books Rp266 Billion Profit

Theindonesiatoday.com - PT Barito Pacific (BRPT) Tbk, parent company of PT Chandra Asri Petrochemical Tbk (TPIA), booked net profit of Rp266 billion in first 9 months of 2011, compared to Rp1 billion loss in the corresponding period of last year.

» President: Not All About Reshuffle

Theindonesiatoday.com - President Susilo Bambang Yudhoyono revealed that the meeting with ministers at his private residence in Cikeas, Bogor is not all related to the reshuffle issue, detik.com reported.

» Nazaruddin Points to Anas behind Hambalang Project

JAKARTA, Indonesia Today - Muhammad Nazaruddin, graft suspect and former treasurer of President SBY's Demokrat Party, insisted party chairman Anas Urbaningrum is mastermind of the controversial Hambalang sports training center in Sentul, West Java...

 

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