by Editor | Oct 25, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Medco Energi Internasional Tbk (MEDC) reported a 47% drop in net profit in the first nine months to September of this year due to higher cost. The oil and gas producer booked net profit of US$13.29 million, compared to US$25.15 million...
by Editor | Oct 25, 2013 | Finance, Global Finance, News
HONG KONG (Yosefardi) – Ping An Insurance (Group) Company of China Ltd booked net profit of RMB29.45 billion or about US$4.84 billion in nine months ended September 30, 2013, jumped by 37% from the corresponding period of 2012. Ping An’s revenues grew...
by Editor | Oct 25, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – PT Astra Graphia Tbk (ASGR) booked net profit of Rp130.81 billion in first nine months to September of this year, increased 21% from Rp107.11 billion in the same period of last year. Net revenue of Astra International subsidiary rose to...
by Editor | Oct 25, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) ended lower by 0.3% Friday (October 25) to tracking regional market. Net sell by foreign investors also dragged down the index to close at 4580. Telkom leads with 2.25% correction, while...
by Editor | Oct 23, 2013 | Energy, News, Resources
LONDON (Yosefardi) – UK-based oil and gas company Premier Oil Plc plans firm drilling of four wells in Indonesia next year. Premier expects drilling of Kuda Laut and Singa Laut wells in the first quarter of 2014. Ratu Gajah well is also scheduled for drilling in...
by Editor | Oct 23, 2013 | Energy, News, Resources
LONDON (Yosefardi) – Premier Oil Plc claimed the Pelikan and Naga wellhead platforms were successfully installed offshore Indonesia and good progress is being made on the subsea installation and tie-in. “First gas from both fields remains on track for the...
by Editor | Oct 23, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – Nymex crude oil declined further to US$97.38 per barrel, while gold lost 0.7% to US$1333 per ounce Wednesday (October 23). Shares of oil and gas producers ended mostly lower in Asia with PetroChina and CNOOC Ltd down 1.8% and 3.02%...
by Editor | Oct 23, 2013 | News, Retail
JAKARTA (Yosefardi) – PT Courts Retail Indonesia, subsidiary of Courts Asia, has started construction work for its first Big-Box Megastore in Indonesia Wednesday (October 23). Located in Kota Harapan Indah, Bekasi, West Java province, the outlet will be Courts...
by Editor | Oct 20, 2013 | Finance, Food, News
SINGAPORE (Yosefardi) – PT Indofood Sukses Makmur (INDF) Tbk, controlled by Salim Group, has completed the tender offer of China Minzhong Food Corporation Ltd on Friday (October 18). At closing, Indofood owned, controlled, and agreed to acquire 583.55 million...
by Editor | Oct 20, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – Flow testing of Parit Minyak-3 exploration well at Kisaran production sharing contract (PSC) onshore Sumatra, Indonesia has been completed early this month. The well flowed at a rate of around 3 MMSCFD of natural gas and 90 barrels per day...
