by Editor | Sep 15, 2013 | National, News, Politics
JAKARTA (Yosefardi) – Anas Urbaningrum, former chairman of Democratic Party, has established new organization Pergerakan Indonesia (Indonesia Movement) to accommodate his loyalists. Anas, who is suspect in the Hambalang sport center graft case, is scheduled to...
by Editor | Sep 14, 2013 | Disputes, Law, News
JAKARTA (Yosefardi) – The International Chamber of Commerce (ICC) has ruled against CBM Asia Development’s claim on the Kutai II CBM production sharing contract, East Kalimantan. The TSX Venture-listed company entered into a partnership with PT Ephindo for...
by Editor | Sep 14, 2013 | News, Newsmakers, People
JAKARTA (Yosefardi) – President Susilo Bambang Yudhoyono (SBY) has chosen Mahendra Siregar as chief of Investment Coordinating Board (BKPM), Detik.com reported. MS Hidayat, minister of industry, has confirmed the decision, but minister of finance Chatib Basri...
by Editor | Sep 13, 2013 | Industries, Logistics, News
SINGAPORE (Yosefardi) – PT Federal International, subsidiary of Federal International (2000) Ltd, has entered into a conditional sale and purchase agreement with PT Geo Link Nusantara to acquire a 1,000 HP Brewster N-85 land drilling rig. Federal agreed to pay a...
by Editor | Sep 13, 2013 | Chemical, Industries, News
JAKARTA (Yosefardi) – Shareholders have injected additional capital of Rp45.75 billion into PT Indonesia Ethanol Industry. Listed chemical producer and distributor PT Lautan Luas (LTLS) Tbk, as one of shareholders, also participated in the capital injection....
by Editor | Sep 13, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – State coal producer Bukit Asam (PTBA) sets aside up to Rp600 billion to finance the stock buyback program. Bukit Asam plans to buy up to 50 million shares or about 2.17% of total issued shares in the period of September 16 to December 13,...
by Editor | Sep 13, 2013 | Mining, News, Resources
BRISBANE (Yosefardi) – Sihayo Gold Ltd estimated construction capital of up to US$60 million for Pungkut Gold project in North Sumatra. The cost includes diesel power generation, but excludes contingency. “Alternative power solutions, such as a coal-fired...
by Editor | Sep 13, 2013 | Industries, News, Retail
JAKARTA (Yosefardi) – Government has decided to delay implementation of luxury tax on smartphones. “I suggest other ministries to review the proposed policy deeply,” said Gita Wirjawan, minister of trade affairs, Thursday (September 12). According to...
by Editor | Sep 13, 2013 | Industries, News, Retail
JAKARTA (Yosefardi) – Shares of retailer Ramayana Lestari (RALS) advanced 0.95% Friday (September 13) as the company kicked off stock buyback program. Ramayana dropped significantly from its peak at Rp1640 to as low as Rp850 before regaining grounds in the past...
by Editor | Sep 11, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Rupiah closed substantially lower by 2.3% to Rp11,438 per USD, Bank Indonesia data revealed. The mid rate of BI dropped from Rp11180 to Rp11438 on reports that Bank Indonesia tends to allow rupiah’s trading value closer to NDF market,...
