Author: Editor

Indonesian Stocks Start 2015 Trading in Green

Posted by | January 2, 2015 | , | 0 |

Composite index of Indonesia Stock Exchange (IDX) opened 2015 trading with 0.2% gain Friday, January 2nd.  Indofood Sukses Makmur (INDF) leads with 4.81% gain, while subsidiary Indofood CBP advanced 1.72%. Toll road operator Jasa Marga, Perusahaan Gas Negara (PGAS), Vale Indonesia, Gudang Garam, PP London Sumatra, and Salim Ivomas were also in green. Bumi Resources, however, lost 5% in the opening hour. State bank BRI, top gainer last year, slipped 0.21%, while property giant BSDE down 0.8%. In the region, STI Index and All Ordinaries inched up 0.05% and 0.11% respectively, while KOSPI composite slipped...

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Cooper Spuds Bunian-3 Well at Sukananti Field

Cooper Spuds Bunian-3 Well at Sukananti Field

Posted by | January 2, 2015 | , , | 0 |

Cooper Energy Limited revealed that Bunian-3, an oil development well, spudded in the Sukananti field, South Sumatra, Indonesia on Wednesday (Dec 31). Bunian-3 is an onshore vertical well with a projected total depth of 1682 meters, which requires about 28 days to complete. Bunian-3 is located nearby the Bunian-1 well, which produces around 200 barrels of oil per day. Cooper Energy Ltd, listed on ASX, owns 55% interest in the Sukananti joint operation, while Mega Adhyaksa Pratama Sukananti Ltd holds the...

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USS Sampson Finds 6 Bodies from AirAsia QZ 8501

USS Sampson Finds 6 Bodies from AirAsia QZ 8501

Posted by | January 2, 2015 | , | 0 |

The guided-missile destroyer USS Sampson has reportedly discovered six bodies from the search and recovery operation for AirAsia Flight QZ 8501 in the Java Sea. “The US ship discovered six bodies,” said Widodo, commander of Western Fleet of Indonesian Navy Friday (January 2nd) morning. USS Sampson is scheduled to approach Pangkalan Bun in Central Kalimantan at 11 a.m. Friday. Sampson is homeported in San Diego and is on an independent deployment to the western Pacific region. Other than USS Sampson, the littoral combat ship USS Fort Worth has also been directed by US Pacific Command to support the search...

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Berau Coal Wins Arbitration against Rosan Roeslani

Posted by | December 31, 2014 | | 0 |

Coal producer PT Berau Coal Energy (BRAU) Tbk has won an arbitration tribunal in Singapore against its former CEO Rosan P Roeslani. The arbitration tribunal has issued an award confirming that Mr Roeslani is obliged to make payment under the settlement deed dated June 26, 2013 of the full sum of US$173 million, plus accrued interest and legal costs. “The Company will seek to enforce the arbitration award by all available means against Mr Roeslani, and will update on its progress as soon as practicable in January 2015,” Berau Coal GM for corporate communications Singgih Widagdo said in a statement today. Berau Coal, controlled by London-listed Asia Resource Minerals Plc, has been struggling to refinance its US$450 million Notes due next...

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Luhut Panjaitan Sworn In Presidential Chief of Staff

Posted by | December 31, 2014 | | 0 |

General (ret) Luhut Binsar Panjaitan has finally been sworn in as Presidential Chief of Staff on Wednesday (Dec 31). Luhut, one of key supporters of President Joko Widodo during the presidential election, said his main duties would be coordinating various parties in the government. “Give me time to learn (about this job)…As assistant to the President, I will try to do my best to accelerate the President’s programs,” Luhut said after the ceremony in Jakarta today. Luhut, who is owner of coal producing company Toba Bara Sejahtra (TOBA), was minister of industry and trade during Abdurrahman Wahid administration. Luhut was advisor to chairman of Golkar Party before leaving the position to join Jokowi-Kalla campaign, while Golkar endorsed losing candidate Prabowo Subianto-Hatta Rajasa in the presidential...

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