Monthly Archives: March 2011
Watch Delta Dunia FY10 bottom line!
March 30th, 2011
Based on an official statement to Indonesia Stock Exchange, BUMA recorded a fuel receivable of US$24.36 million and Rp161.46 billion from Berau Coal. However, referring to a settlement agreement between BUMA and Berau Coal, Berau will pay 50% of ...
Wow…BUMA to write-off Rp186.67 bio
March 28th, 2011
Indonesia’s second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA) will write-off Rp186.67 billion of fuel receivable which shall be obtained from its major client coal miner PT Berau Coal. In an official statement signed by Director ...
Telkom to spend Rp1.5 trio for buyback
March 26th, 2011
Indonesia's largest telecommunication operator PT Telekomunikasi Indonesia Tbk (Telkom) is estimated to book net profit of Rp11.4 trillion last year, a slight increase from Rp11.3 trillion in the previous year.
Bahana in talks to sell Garuda
March 18th, 2011
PT Bahana Securities, one of lead underwriters of PT Garuda Indonesia Tbk (GIAA)’s IPO that has put the unsold stocks into its book, today has admitted that it is in talks with several potential buyers for Garuda. Bahana President ...
Medco to launch US$300 mio CB
March 17th, 2011
Oil and gas producer PT Medco Energi Internasional Tbk (MEDC) is keen to issue US$300 million convertible bonds with collateral of its treasury stocks of 11.7% in the second quarter of this year. Medco Finance Director Cyril Noerhadi said ...
Garuda Indonesia & strategic investors
March 14th, 2011
A source said three brokerages, which is currently holders for 13% stake in Garuda, have unofficially talked with two strategic cash rich investors, Djarum Group and Rajawali Group. “I heard the brokerages are in talks with Djarum and Rajawali. ...
Krakatau Steel FY10 net income surges
March 3rd, 2011
Krakatau Steel President Director Fazwar Bujang said the company may post US$1.9 billion revenue last year from US$1.67, a 13.77% increase. “We have set target this year to surpass US$2.2 billion,” he told Insider Stories yesterday. According to him, ...
Intiland Development & bond issuance
March 2nd, 2011
A source close to the deal said Intiland is planning to raise US$150 million or Rp1.32 trillion via bond issuance in late March of this year. Intiland has mandated two stellar foreign investment banks Credit Suisse Securities and UBS ...