by Editor | Sep 3, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Consumer goods giant Unilever Indonesia (UNVR) has surged past automotive giant Astra International (ASII) as the second largest company on Indonesia Stock Exchange (IDX) by market capitalization. Unilever ended Tuesday’s trading...
by Editor | Sep 3, 2013 | Finance, Food, News
JAKARTA (Yosefardi) – Shares of Indofood Sukses Makmur (INDF) gained slightly by 0.85% this morning after losing more than 9% Monday following its plan to acquire China Minzhong Food. China Minzhong, meanwhile, slipped 0.44% to S$1.12 on Singapore Exchange (SGX)...
by Editor | Sep 3, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – South East Asia Resources Ltd has, through its Singapore subsidiary, completed an offtake coal agreement from PT PAR, a semi-soft coking coal producer in East Kalimantan. SEA Resources informed ASX this morning that the coal is being...
by Editor | Sep 3, 2013 | Energy, News, Resources
JAKARTA (Yosefardi) – MEO Australia Ltd considered Kuala Langsa in offshore North Sumatra a substantial gas discovery, but contained high content of carbon dioxide of up to 75%. Kuala Langsa is located in the Seruway production sharing contract (PSC), where...
by Editor | Sep 3, 2013 | Energy, News, Resources
SYDNEY (Yosefardi) – Naga Utara-2 exploration well at Mahakam Hilir production sharing contract in East Kalimantan is expected to spud later this month. Cue Energy, owner of 40% working interest in the block operated by SPC, said the well will appraise existing...
by Editor | Sep 3, 2013 | Mining, News, Resources
SYDNEY (Yosefardi) – Killara Resources Ltd revealed that the management of PT Borneo Emas Hitam is now engaged in discussion with coal off-takers and traders. Killara said 93 drill holes has been completed for a total of 3350 meters as at August 26, 2013 in the...
by Editor | Sep 2, 2013 | Finance, Food, Industries, News
SINGAPORE (Yosefardi) – Indofood Sukses Makmur (INDF), controlled by Salim Group, has launched tender offer of around 66.51% shares of China Minzhong Food for about S$488 million. Before the tender offer, Indofood owned 219.5 million shares or about 33.49% of...
by Editor | Sep 2, 2013 | Mining, News, Resources
JAKARTA (Yosefardi) – Indonesia’s revenues from export of nickel (HS No 80) dropped 41.7% to US$130.4 million in July 2013. In the period of January-July 2013, tin export value reached US$1.43 billion, grew 16.4% from the corresponding period of 2012....
by Editor | Sep 2, 2013 | Indonesia Finance, News
JAKARTA (Yosefardi) – Indonesia’s non oil and gas trade deficit with China expanded 28% to US$1.32 billion in July 2013 from US$1.03 billion in the previous month. While Indonesia’s non oil and gas export, including thermal coal and palm oil, grew...
by Editor | Sep 2, 2013 | Industries, News, Property
JAKARTA (Yosefardi) – Property stocks lost ground this morning as selling pressures returned to the sector. Some stocks fell sharply by more than 7%. Alam Sutera (ASRI) fell 7.3% in the morning session with over 55 million shares exchanged hands, while Bekasi...
