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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 - Alibaba.com Limited reported today it booked profit attributable to equity owners of RMB409.7 million in the third quarter ending September 2011, an increase of 11.9% from the same period in 2010.

Compared to previous quarter, the profit decreased 11.8%. The year-on-year increase was largely contributed by the increase in VAS revenue, while the quarter-on-quarter decrease was mainly due to the increase in operating expenses.

Total revenue was RMB1,602.4 million in the third quarter of 2011, representing a 10.6% increase from the same period of 2010 and remained flat from the second quarter of 2011.

As of September 30, 2011, the company had a total of 72.8 million registered users, 9.6 million storefronts and 787,653 paying members. (Theindonesiatoday.com)

Alibaba Profit Q3



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» IDX Drops 1.48% in Morning Close

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) dropped 1.48% to 3,699.01 at the morning close in line with the corrections in regional markets.

» Indomobil Acquires IMG Sejahtera for Rp296.45 Billion

Theindonesiatoday.com - Auto company PT Indomobil Sukses Internasional Tbk (IMAS) announces today it had in September 14, 2011 acquired PT IMG Sejahtera Langgeng owned by PT Lintas Sejahtera Langgeng, Antony Salim and PT Tritunggal Intipermata.

» Southern Arc Commences Drilling at Sabalong, Sumbawa

Theindonesiatoday.com - Southern Arc Minerals Ltd, a company listed on TSX Venture, has commenced drilling program at its Sabalong Project on Sumbawa Island, Indonesia. 

» Bank Mutiara Enters into Bancassurance Business

Theindonesiatoday.com - PT Bank Mutiara Tbk (BCIC), formerly PT Bank Century Tbk, enters into bancassurance business by marketing insurance products of three insurers, Detikfinance.com reported.

» Nusantara Infrastructure Refinances Rp736 Billion Loan

Theindonesiatoday.com - PT Nusantara Infrastructure (META) Tbk, a toll road developer and operator, has refinanced Rp736 billion loan with new facility from Bank Central Asia (BCA).

» Centurion Closes 2nd Tranche Placement for Aceh Project

Theindonesiatoday.com - Centurion Minerals Ltd, a company listed on TSX Venture, has now closed on the second tranche of its brokered private placement and issued 625,000 common share units, bringing the total gross proceeds of the financing to...

» Oil, Gas & Logistics Boost Ramba Energy's Q2

Theindonesiatoday.com - SGX-listed Ramba Energy, controlled by Soeryadjaya family, posted 18% growth of turnover for the quarter ended June 30, 2011, contributed by higher sales from oil and gas and RichLand logistics segments.

» SIA Reports 1.7% Increase in Passenger in January

SINGAPORE, Indonesia Today - In January 2012, Singapore Airlines recorded 2.4% year-on-year growth in systemwide passenger carriage (measured in revenue passenger kilometres) while capacity (measured in available seat kilometres) grew by 3.8%. As a...

» Signing of East Natuna PSC Project to be Delayed

Theindonesiatoday.com - The government and oil and gas contractors for East Natuna PSC project might not sign the term and condition agreement in October 28, 2011 as scheduled, Bisnis Indonesia reported this morning.

» IDX Rebounds on Late Buying

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) ended up 0.23% at 4,139.54 on Thursday (April 12), with late buying helped the index rebounded from losses.

» Rig Tenders Suffers Loss as Operating Cost Jumps

Theindonesiatoday.com - Despite higher revenues posted, Coal shipping and marine services company PT Rig Tenders Indonesia Tbk (RIGS) suffers loss of US$1.32 million in first nine months of 2011, compared to profit US$3.88 million in the same period...

» Malacca Trust Completes Asuransi Wuwungan Acquisition

Theindonesiatoday.com - SGX-listed Malacca Trust Limited announces today its Group, through its subsidiaries, PT Batavia Prosperindo Internasional (BPI) and PT Batavia Prosperindo Finance Tbk (BPF) had on 23 August 2011 obtained the approval from...

» China Mobile's Wireless Data Traffic Jumps 181%

HONG KONG, Indonesia Today - China Mobile, the world's largest cellular operator with 667 million customers, reported 18% growth in mobile data traffic in the first quarter of 2012.

» PHI Energy Corp Acquires Additional Indonesian Coal Assets

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» IDX Closes Morning Down, Regional Gains

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