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Jakarta Governor Says Floods Cause Loss of More Than Rp 20t
Wednesday, Jan. 23 (Insider Stories) - Total loss from the recent floods that strucked Indonesia’s capital city is estimated at more than Rp 20 trillion, Jakarta Governor Joko Widodo said as quoted by Kompas. “A city like Jakarta must have a scheme to let the water flow,” the governor, famous with name Jokowi said, as Full Article
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
Darma Henwa, Prove Energy & Corfield takeovers
Coal mining contractor PT Darma Henwa Tbk (DEWA), an affiliated of coal miner PT Bumi Resources Tbk (BUMI), were in frenzy acquisitions last year. However, the actions have raised questions. The story of the takeovers began on May 22 2007 when Darma Henwa acquired Prove Energy Investments, a British Virgin Islands-based SPV, from Zurich Asset Full Article
Mitrabahtera placement & Patin Resources
Prasatya family has offered 200 million shares with upsize option of 88 million shares or in total representing 16.5% of the issued capital in coal tug boat and barges provider PT Mitrabahtera Segara Sejati Tbk (MBSS) at Rp1,560-Rp1,630 a share. In the offering structure obtained by The Insider Stories yesterday, PT Patin Resources, owned by 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
Petrosea 1H profit slightly drops 4.8%
Coal mining contractor PT Petrosea Tbk (PTRO), a majority stake owned by PT Indika Energy Tbk (INDY), integrated energy company that is controlled by Agus Lasmono and Wiwoho Basuki Tjokronegoro, reported a slight decrease in net profit of 4.86% for the first 6 months of this year as other charges steeply increased. In an unaudited Full Article
UN conference