by Editor | Jan 9, 2014 | Finance, Markets, News
JAKARTA (Yosefardi) – Plantation shares were mostly lower ground in the region Thursday (January 9) as palm oil continues its downfall in the futures market. In Singapore, Golden Agri-Resources falls 2.75%, while First Resources and Wilmar International down...
by Editor | Jan 9, 2014 | Disputes, Law, News
SYDNEY (Yosefardi) – Nutrition leader Fonterra confirmed today that Danone has formally initiated legal proceedings, related to the whey protein concentrate precautionary recall initiated by Fonterra in August 2013. “Fonterra has been in ongoing commercial...
by Editor | Jan 9, 2014 | Finance, Markets, News
JAKARTA (Yosefardi) – Shares of coal producer Garda Tujuh Buana (GTBO) collapsed 15.5% to Rp1310 Thursday (Jan 09). Stock market authorities resumed trading in the stock Thursday morning. The stock collapsed from as high as Rp6250 last year to as low as Rp550 in...
by Editor | Jan 9, 2014 | Finance, Global Finance, News
SINGAPORE (Yosefardi) – Hongkong Land Company Ltd has priced US$400 million of 10-year Notes at 99.328% to yield 4.71% per annum. DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered Bank acted as Joint Lead Managers and...
by Editor | Jan 8, 2014 | Finance, Markets, News
JAKARTA (Yosefardi) – Shares of coal producers regained grounds Wednesday (Jan 8) after losing significantly in the previous trading days. Adaro Energy leads the recovery with 6.82% gain. Trading in Adaro shares was heavy with almost 160 million shares exchanged...
by Editor | Jan 8, 2014 | Energy, News, Resources
STOCKHOLM (Yosefardi) – Lundin Petroleum AB has set aside US$45 million for exploration activities in Indonesia this year as part of its global US$2.1 billion budget. “Two exploration wells will be drilled on Barongang and one well will be drilled on...
by Editor | Jan 8, 2014 | Agriculture, News, Resources
KUALA LUMPUR (Yosefardi) – The benchmark March 2014 contracts of crude palm oil (CPO) declined further by RM20 to RM2541 per ton on Bursa Malaysia Derivatives despite reports about falling stockpile. April 2014 contracts also lost RM19 to RM2550 per ton...
by Editor | Jan 8, 2014 | Energy, News, Resources
SYDNEY (Yosefardi) – ASX-listed Nido Petroleum Ltd has been advised by Lundin Petroleum, operator of Baronang block in Indonesia, that the Hakuryu-11 jack-up rig is currently in Vietnam awaiting an appropriate weather window for mobilization to Indonesia. The...
by Editor | Jan 7, 2014 | News, Newsmakers, People
JAKARTA (Yosefardi) – The Corruption Eradication Commission (KPK) will force Anas Urbaningrum, former chairman of Democratic Party, to testify in the Hambalang case, where he is a suspect. KPK chairman Abraham Samad said if Anas skips the third summon, the...
by Editor | Jan 7, 2014 | Finance, Markets, News
JAKARTA (Yosefardi) – Bumi Resources (BUMI), the largest coal producer in Indonesia, gained 8.97% to Rp316 Tuesday (Jan 7th) while peers end mostly lower ground. More than 70 million BUMI shares were exchanged hands. The debt-ridden company, however, has dropped...
