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Finance
Retail food prices rising since January
NEW DELHI: Retail prices of essential food commodities like wheat, rice, sugar, pulses and edible oil have witnessed an upward trend since January this year, Parliament was informed today. “The monthly average retail prices from January, 2012 onwards show an upward trend in the case of rice, wheat, pulses, edible oils, sugar and vegetables,” Food Full Article
GOLDMINE production rises 16% PREMIUM
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Fitch Upgrades PT Aneka Gas Industri to ‘A-(idn)’; Outlook Stable
Fitch Ratings-Jakarta/Singapore-12 June 2012: Fitch Ratings has upgraded PT Aneka Gas Industri’s (AGI) National Long-Term rating to ‘A-(idn)’ from ‘BBB(idn)’. The Outlook is Stable. At the same time, AGI’s IDR80bn bond I and IDR160bn Islamic bond I, both due in July 2013, have also been upgraded to ‘A-(idn)’ from ‘BBB(idn)’. The upgrade reflects Fitch’s view Full Article
Kalbe Farma Acquires Beverages Maker Hale International
Jakarta, May 31, 2012 (Press Release) – PT Kalbe Farma Tbk (“Kalbe” or “the Company”) on May 30, 2012 entered into a Conditional Sale and Purchase Agreement to acquire 100% stake of PT Hale International, an Indonesian-based producer of healthy beverage products. “This acquisition will strengthen Kalbe’s ready-to-drink business in Consumer Health Division, in line Full Article
Ciputra Development placement at discount
Institutional investor has placed 631.32 million shares in property developer PT Ciputra Development Tbk (CTRA) at Rp750 a share or Rp473.49 billion. According to the offering structure obtained by The Insider Stories today, the investor offered 4.2% of CTRA shares at 3.8%-8,8% discount of yesterday’s closing level at Rp800 a share. Ciputra Development is developer Full Article
Widodo family disposes BW Plantation at discount
Two controlling shareholders of CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo, and a foreign private equity PT Fendalton Investment, has completed a private placement of about 7% stake or 290 million shares to institutional investors at 5% discount or Rp1,585 a share. According to two sources familiar with the Full Article
BNI draws US$3 bio demand for bonds
The state-controlled PT Bank Negara Indonesia Tbk (BNI) has obtained nearly US$3 billion demand for its US$500 proposed global bonds. A source familiar with the matter said BNI and the joint lead arranges have priced the bonds at 4.125%. “Demand from investors nearly US$3 billion or close to seven fold oversubscribed,” the source told The Full Article
Widodo family & BW Plantation placement
Two controlling shareholders of CPO producer PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo, and foreign private equity Fendalton is underway to hold private placement of 7% stake to institutional investors. According to two sources familiar with the matter, those shareholders, which are also founder of BW Plantation, has mandated Morgan Stanley Full Article
Summarecon Agung stakes for sale!
Four shareholders are offering 290 million shares or 4.21% stake of property developer PT Summarecon Agung Tbk (SMRA) at the offer price of Rp1,575-1,625 a share, enabling those sellers with Rp456,75 billion-Rp471,25 billion proceed. In an offering structure obtained by The Insider Stories mentioned that the deal has an option to upsize the shares sale Full Article
Who is Davomas ultimate owner?
Who is the ultimate owner of Davomas Abadi? When Davomas Abadi listed their shares at Jakarta Composite Index in 1994, Davomas was established by Ernas Krisna Mulya with 50% stake, Hendrawan Setiadi with 25% stake, and Anthonius Azer Unawekla with 25%. Along the year of 1994, Davomas’s shareholder structure was changed several times. Finally, all Full Article