Gading Development Plummets 32%

JAKARTA (Yosefardi) – Shares of property developer PT Gading Development (GAMA) Tbk plummeted 31.82% to Rp90 Friday, November 15. Trading volume was heavy with almost 116 million shares exchanged hands. The stock collapsed 82% in the past few trading days....
Talisman Output in Indonesia Down 5%

Talisman Output in Indonesia Down 5%

JAKARTA (Yosefardi) – Talisman Energy Inc produced a total of 75,000 barrels of oil equivalent per day (boepd) in Indonesia in nine months ended September 30, 2013, down slightly by 5% from the corresponding period of 2012. Lower output of natural gas at 391...
Army Chopper Crash Kills 13

Army Chopper Crash Kills 13

JAKARTA (Yosefardi) – An Army helicopter crashed at Malinau Regency, northeast of Kalimantan Saturday. Thirteen passengers are declared dead, while six others survived. Kompas.com quoted Colonel Inf Yamin Danao, commander of Malinau Military District, saying...

Ratu Atut’s Husband Passes Away

JAKARTA (Yosefardi) – Hikmat Tomet, husband of Banten governor Ratu Atut Chosiyah, has passed away from a stroke at the Gatot Subroto Army Hospital, Jakarta, Saturday (November 9). Hikmat, a lawmaker from Golkar Party, was a member of the transportation...
Mewah Acquires Biodiesel Assets

Mewah Acquires Biodiesel Assets

SINGAPORE (Yosefardi) – Palm oil processing company Mewah International Inc has agreed to purchase biodiesel assets from Gomedic Sdn Bhd for around US$13 million. The assets include 25,055 sqm land and a biodiesel process plant with annual capacity of 100,000...

Index Cuts Losses, Adaro Jumps 7.4%

JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) ended off low by 0.21% Friday (November 8) as some stocks gained substantially. Adaro Energy (ADRO) gained 7.41% with more than 228 million shares exchanged hands, while Golden Energy Mines...
First Cold Boxes for Sengkang LNG Erected

First Cold Boxes for Sengkang LNG Erected

SYDNEY (Yosefardi) – Energy World Corporation Ltd has erected the first 500,000 ton cold box at the Sengkang LNG project, Keera, South Sulawesi. EWC said Tuesday that the cranes in the site were also positioned for lifting of the cold box No 2 and other...
Mt Muro Debt Restructuring Completed

Mt Muro Debt Restructuring Completed

SYDNEY (Yosefardi) – Debt restructuring between PT Indo Muro Kencana (IMK) and Credit Suisse International on silver prepayment facility has been completed. Straits Resources Ltd, parent of IMK, said both companies agreed to the terms upon which the existing...