by Editor | Dec 28, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Foreign investors recorded net sell of Indonesian stocks worth Rp21.35 trillion as of Friday, December 27, 2013. The total net sell expanded Rp4.6 trillion on Friday alone when the composite index of Indonesia Stock Exchange (IDX) ended...
by Editor | Dec 28, 2013 | Finance, Mining, News
JAKARTA (Yosefardi) – Coking coal producer PT Borneo Lumbung Energi & Metal (BORN) Tbk booked net loss of US$157 million in nine months ended September 30, 2013, expanded from US$111 million in the first half of the year. Borneo Lumbung, controlled by Samin...
by Editor | Dec 28, 2013 | Chemical, Finance, News
JAKARTA (Yosefardi) – Sorbitol producer PT Sorini Agro Asia Corporindo (SOBI) Tbk, controlled by Cargill Group, booked net profit of Rp69.85 billion in the first half ended November 30, 2013, jumped by 72% from the corresponding period of 2012. Sorini’s...
by Editor | Dec 28, 2013 | Finance, News, Property
JAKARTA (Yosefardi) – Property developer PT Pudjiadi and Sons Tbk has secured Rp77.8 billion investment loan from state bank Mandiri (BMRI). The loan agreement was signed on December 20, 2013 between Pudjiadi and Mandiri, where Pudjiadi pledged some assets as...
by Editor | Dec 28, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – ASX-listed Killara Resources Ltd has entered into a binding agreement with PT Berkah Ciwi Lestari Kaltim for the development of coal project in East Kalimantan. Berkah Ciwi Lestari (BCLK) will develop and produce coal from Killara’s PT...
by Editor | Dec 24, 2013 | Mining, News, Resources
TORONTO (Yosefardi) – Sherritt International Corporation, which explores nickel resources in Sulawesi Island, has divested its coal business for $946 million. A group led by Altius Minerals Corp acquires Sherritt’s entire royalty portfolio and interest in...
by Editor | Dec 24, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – Continental Energy Corporation expects a farm-in opportunity will arise in the future after losing a competitive bid to get the Bengara-II Block, Indonesia. “We submitted a competitive bid with a strong and experienced local oil and...
by Editor | Nov 17, 2013 | Chemical, Industries, News
SINGAPORE (Yosefardi) – SCG Chemicals Co Ltd has agreed to acquire 22.83% interest in Bangkok Synthetics Co Ltd from NSL Chemicals Ltd for S$328.3 million. “The sale will allow NSL to better align its strategy to develop and grow four core...
by Editor | Nov 17, 2013 | Industries, News, Property
SYDNEY (Yosefardi) – Suntec Real Estate Investment Trust acquires 177 Pacific Highway, North Sydney for $413.19 million from Leighton Properties. Suntec REIT is Singapore’s second largest listed SREIT by asset under management. The 177 Pacific Highway will...
by Editor | Nov 15, 2013 | Industries, News, Property
JAKARTA (Yosefardi) – Shares of property giant Agung Podomoro Land (APLN) fell sharply by 9.43% to Rp240 Friday, November 2013. The stock has collapsed from peak at Rp530 in March 2013. Today, the stock hit its new low at Rp235 before closing at Rp240. Trading...
