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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

Bumi Plc Falls 8%, Bayan Lost 7%

LONDON, Indonesia Today - Bumi Plc, controlled by Bakrie Group, Samin Tan, and Nathaniel Rothschild, retreated 8% in the opening ho...

Stocks | Wednesday, 23 May 2012

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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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Latest News:

Internet

Theindonesiatoday.com - Century Software Holdings Berhad (CSHB) had in November 17, 2011 completed the acquisition of 60% shares of PT Praisindo Teknologi.

It however said the vendor has agreed to a reduction in the sale consideration by US$200,000 to US$1.25 million. Based on sales and purchase agreement (SPA) signed in July 15, 2011, CSHB acquired Praisindo from PT Mahaka Media Tbk for a total consideration of US$1.45 million.

Established in 2003, PT Praisindo develops the investment management system called the Praisindo IMS Suite. (Theindonesiatoday.com)

Century Software Praisindo Acquisition



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» Wahanaartha Founder Passes Away

JAKARTA, Indonesia Today - Widjaya Budiman, founder of Wahana Artha Group, has passed away in Pluit Hospital, Jakarta Tuesday (April 10).

» Imora Acquires Additional Shares in Balimor Finance

Theindonesiatoday.com - Car dealership giant PT Imora Motor acquires 9% shares in consumer financing company PT Balimor Finance for Rp20 billion.

» China VTM Acquires Java Iron Mine

Theindonesiatoday.com - China Vanadium Titano-Magnetite Mining Ltd (VTM) says it will acquire an iron sand mine in Java from a private company incorporated in the Cayman Islands.

» Nestle to Invest US$200 Million in East Java

Theindonesiatoday.com - Government of Indonesia and Nestle SA will sign a memorandum of understanding for the development of downstream products of milk in East Java, where Nestle would invest about US$200 million.

» Hoegh, PGN Sign Final Agreement for Belawan FSRU

NORWAY, Indonesia Today - Norway-based Höegh LNG has officially signed a firm and final agreement with PT Perusahaan Gas Negara (PGAS) to provide an FSRU and mooring system offshore Belawan, North Sumatera by September 2013.

» Killara Acquires West Papua Coal Concessions

Theindonesiatoday.com - Killara Resources Limited has executed letter of offer agreements with an Indonesian company to acquire an interest in two coal concessions in West Papua province.

» Netstar Cancels to Float Metland's Shares via IPO

Theindonesiatoday.com - Netstar Holdings Limited, one shareholder of property developer PT Metropolitan Land Tbk (Metland), cancels to sell Metland's shares to public through the initial public offering (IPO), Bisnis Indonesia reported this...

» Augur Records Significant Gold in Wonogiri Drilling

  Theindonesiatoday.com - Augur Resources Ltd records significant gold result from the first 239 meters of diamond drill hole WDD010 from the Randu Kuning prospect, Wonogiri project, Central Java.

» Buana Finance Reports 67% Profit Growth for 2011

JAKARTA, Indonesia Today - Consumer financing company PT Buana Finance Tbk (BBLD) booked net profit of Rp101.09 billion in 2011, jumped 67% from Rp60.52 billion in 2010.

» SBY Draws More Criticism

Theindonesiatoday.com - President SBY has drawn more criticism over his defense statements related to fugitive Demokrat lawmaker Muhammad Nazaruddin and media coverage on the case.

» BTPN Reports 76% Profit Growth in First Quarter

Theindonesiatoday.com - PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) posted profit after tax of Rp271.87 billiion in the first quarter of 2011, a 76% surge compared to Rp154.58 billion in the corresponding period of last year.

» Axis Bank Launches Syndicated Loan Facility for Bumi Resources

Theindonesiatoday.com - Axis Bank, which prefunded a US$200 million five-year loan in October for Indonesian coal miner PT Bumi Resources Tbk (BUMI), has launched the deal into general syndication, IFR Asia reported in its website Tuesday...

» Antam Proposes 35-45% of 2011 Profit for Dividend

JAKARTA, Indonesia Today - State miner PT Aneka Tambang (Antam) Tbk (ANTM) proposes to distribute 35-45% of 2011 net profit as dividend, Investor Daily reported this morning.

» Oil Falls 3.2%, Energy Stocks Lost Steam

Theindonesiatoday.com - Nymex crude oil falls 3.2% to US$81.76 per barrel in New York Wednesday (Sep 28) on growing US supply and euro zone concerns.

» KPK to Examine First Mujur Director in Graft Case

JAKARTA, Indonesia Today - Budi Santoso, Finance Director of PT First Mujur, is scheduled to be examined by The Corruption Eradication Commission (KPK) for the 2004 Bank Indonesia Senior Deputy Governor election bribe case.

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