Author: Editor

IDX Opens Higher, Telkom Jumps 3.42%

Posted by | January 1, 1970 | , , | 0 |

JAKARTA (Indonesia Today) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.47% to 5,021.94 this morning in line with positive markets in the region. Japan’s Nikkei rose 1.98%. Telkom jumped 3.42% to Rp12,100 per share. It plans to issue rupiah and dollar bonds for funding its capital expenditure (capex) of more than Rp20 trillion this year. Telkom also plans to split its stock with ratio of one for five scheduled for second quarter of 2013, for boosting its trading...

Read More

Property Stocks Remain Focus of Buying

Posted by | January 1, 1970 | , , | 0 |

JAKARTA (Indonesia Today) – Investors remain focusing to buy property stocks this morning amid concern on bubble market. Investors now concern on inventory issue for property companies. If value of inventories grew higher than sales revenue, property sector could lead into a crash or bubble. At 10.17 am Jakarta time Pakuwon Jati jumped 6.58% to Rp405, Nirvana Development gained 4.35% to Rp240, Lippo Karawaci rose 1.5% to Rp1,350. Other property stocks, Ciputra Property increased 1.05% to Rp1.05%, Ciputra Development added 0.88% to Rp1,150. While Modernland Realty dropped 5.88% to...

Read More

Freeport Indonesia Reports Lower Gold Production

Posted by | January 1, 1970 | , , | 0 |

PHOENIX (Indonesia Today) – Freeport-McMoRan Copper & Gold Inc. (FCX) reported, as expected, Indonesia’s first-quarter 2013 gold sales of 191 thousand ounces, lower than first-quarter 2012 gold sales of 266 thousand ounces, primarily as a result of lower ore grades from mine sequencing. Indonesia’s first-quarter 2013 copper sales of 198 million pounds were higher than first-quarter 2012 copper sales of 134 million pounds when labor-related disruptions affected operations. Productivity measures have continued to improve resulting in first-quarter 2013 daily mill throughput averaging 199,400 metric tons per day, including 59,000 metric tons per day from the Deep Ore Zone (DOZ) underground mine. At the Grasberg mine, the sequencing of mining areas with varying ore grades causes fluctuations in the timing of ore production resulting in varying quarterly and annual sales of copper and...

Read More