Author: Editor

SingTel Acquires Pixable Inc

Posted by | January 5, 2012 | , | 0 |

SINGAPORE (Indonesia Today) – Singapore Telecommunications Limited (SingTel) has signed an agreement to acquire 100 per cent of Pixable Inc for US$26.5 million. “The transaction is subject to certain conditions precedent, including the receipt of applicable third party contractual consents,” SingTel said. Pixable is known for its smartphone app that prioritizes photos on social networks for consumers. More than 4 million users have installed Pixable’s ???mobile photo...

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Palm Oil Remains Under Pressures

Posted by | January 5, 2012 | , | 0 |

JAKARTA (Indonesia Today) – Palm oil failed to recover in the futures market to tracking crude oil. The benchmark December 2012 contracts of crude palm oil (CPO) inched up only RM7 to RM2614 per ton on Bursa Malaysia Derivatives this morning. November contracts also inched up RM5 to RM2550 per ton, while January and February 2013 contracts down slightly to RM2679 and RM2726 per ton respectively. On Thursday, Astra Agro Lestari sold three CPO packages (6,000 tons) at Rp7050-7182 per Kg (VAT 10% included) and withdrew three other packages due to low...

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The Fed Lifts Index 1.42%

Posted by | January 5, 2012 | , | 0 |

JAKARTA (Indonesia Today) – Composite index of Indonesia Stock Exchange (IDX) gains 1.42% to 4,229 Friday (Sept 14) morning on positive sentiment from quantitative easing Part III from the Fed. Most blue chips were in positive territory, led by United Tractors (+3.64%). Bumi Resources soared 6.58%, while Adaro Energy advanced...

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Orpheus Commences Citra Bara Drilling; Production in Q4

Posted by | January 5, 2012 | , , | 0 |

SYDNEY (Indonesia Today) – Orpheus Energy Ltd has commenced its exploration drilling program at PT Citra Bara Prima in South Kalimantan. PT Citra Bara Prima (CBP) coal concession covers an area of approximately 195 hectares, located adjacent to one of PT Arutmin Indonesia’s major operating coal mines and about 6KM from Orpheus’ Kintap ADK project. The exploration target is 2-4.5 million tons of coal resource and the current drilling program is expected to delineate a JORC...

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Energi Mega ‘s Profit Jumps 127%

Posted by | January 5, 2012 | , | 0 |

JAKARTA (Indonesia Today) – Oil and gas company PT Energi Mega Persada Tbk (ENRG), member of Bakrie Group, booked comprehensive profit of US$5.47 million in the first half of 2012, jumped 127% from US$2.41 million in the same period of last year. It recorded net sales of US$241.84 million, surged 144% from US$98.96 million a previous year. Cost of good sold totaled US$156.76 million, the operating profit was US$73.72...

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