All Articles: | Executive data
Garuda Indonesia wants Erik Meijer aboard as it navigates new skies | Executive data
(The Insider Stories) — Flag carrier Garuda Indonesia (GIAA) is keen to boost its executive team by adding Netherlands telecommunications executive Erik Meijer to its board of directors in order to better cope with increasing competition. State Enterprises minister Dahlan Iskan gave few details when announcing Meijer’s candidacy but said that Garuda needs to be better Full Article
Tin prices, production struggle in spite of a market deficit - MetalMiner | Outlook data
(The Insider Stories) — Tin prices are suffering the same loss of momentum as other base metals as weak global economic conditions outweigh a supply deficit in Indonesia and China, MetalMiner reports. In the medium term, rising electronic production should sustain tin prices despite lower use of solder per appliance as larger electronic items like PCs Full Article
PT Bank Rakyat Indonesia (Persero) Tbk. ‘s Senior Unsecured Notes Rated ‘BB+’ - S&P | Company data
(The Insider Stories) — Standard & Poor’s Ratings Services today assigned its ‘BB+’ issue rating to the 2.95% senior unsecured notes due March 28, 2018, by PT Bank Rakyat Indonesia (Persero) Tbk. (BRI: BB+/Stable/B; axBBB+/axA-2). The rating on the notes reflects the long-term issuer credit rating on the bank. The notes will constitute unsecured and Full Article
Manchester City latest football team to tap Indonesian market, in deal with Extra Joss energy drink
(The Insider Stories) — Barclays Premier League team Manchester City FC says it has signed a domestic advertising deal with Kalbe Farma (KLBF) unit PT Bintang Toedjoe as football teams seek to tap keen local interest in the game and growing domestic consumption. Midfielders David Silva and Yaya Toure along with forward Sergio Aguerro will Full Article
Asian stocks rebound as U.S. recovery woes ease - The Associated Press | Outlook data
(The Insider Stories) — Stronger U.S. housing data and better-than-expected corporate earnings boosted Asian stock markets Wednesday, the Associated Press reports. The full report is below: BANGKOK (AP) - Asian stock markets rose Wednesday, boosted by a strong U.S. housing report and better-than-expected corporate earnings that eased doubts about the strength of the recovery in the world’s Full Article
Indika Energy Announces Internal Restructuring in Relation to Ownership of PT Kuala Pelabuhan Indonesia | Company data
(The Insider Stories) - PT Indika Energy Tbk. (“Indika Energy”) announces that its wholly-owned subsidiary PT Tripatra Engineers and Constructors (“TPEC”) has signed and concluded a Sale and Purchase Agreement (“SPA”) with PT Indika Logistic & Support Services (“ILSS”) in relation to the sale of 95.0% ownership in PT Kuala Pelabuhan Indonesia (“KPI”). Indika Energy Full Article
Boston bombings add to concerns in markets - The Associated Press | Outlook data
(The Insider Stories) - The sense of caution in financial markets continued Tuesday after deadly bombings at the finish line in the Boston Marathon, according to a report by The Associated Press in the Jakarta Post. Investors have been spooked over recent trading sessions by the declines recorded in commodity prices — not just gold Full Article
Indonesia’s coal output meets 1Q target - The Jakarta Post | Sector data
(The Insider Stories) - Indonesia, currently among the world’s largest thermal coal exporters, met its target for coal output during the first quarter of this year, an official has said, The Jakarta Post reports. The Energy and Mineral Resources Ministry’s coal director, Edi Prasodjo, said on Tuesday that Indonesia produced 99 million tons of coal Full Article
IMF cuts its forecast for global economy in 2013 - Associated Press | Sector data
(The Insider Stories) — The International Monetary Fund has lowered its outlook for the world economy this year, predicting that government spending cuts will slow U.S. growth and keep the euro currency alliance in recession, The Associated Press reports. The full text of the World Bank’s World Economic Report is available here The global lending Full Article
Lippo Groups’s Nobu National Bank eyeing IPO to meet capital requirements | Company data
(Insider Stories)-The Lippo Group conglomerate’s boutique lender, PT Nobu National Bank, has set an indicative range of 325-400 rupiah a share for its planned May listing of 2.155 billion shares or 52% of enlarged capital, according to Ferry Tanja, the President Director of IPO underwriter PT Ciptadana Securities. A new minimum capital requirement issued by Full Article
APEC pursuing long-term plan for infrastructure investment | Outlook data
(The Insider Stories) — The Asia Pacific Economic Cooperation Infrastructure is seeking to develop a multi-year plan to meet infrastructure needs in the region, in order to increase capacity to support supply chains that businesses depend on and which are crucial to the success of the export-oriented growth strategies of many APEC members, APEC says in Full Article
Eni, Inpex to explore Timor Sea field | Company data
(Insider Stories)-Eni SpA (ENI) said it along with Inpex Corp (1605) and Timor Leste national oil company Timor Gap EP have been awarded a new exploration PSC for the JPDA 11-106 field in the Timor Sea adjacent to the producing Kitan offshore field in the Joint Petroleum Development Area administered by Timor Leste and Australia, Full Article
New vehicle sales jump by 15% in March | Sector data
(The Insider Stories) — New vehicle sales in Indonesia extended their recent surge in March despite tighter lending, as domestic consumption strongly rises, wire services report. Volumes gained more 15% to 99,957 units from 86,817 units a year earlier, according to auto industry association Gaikindo. The rise is despite tighter credit rules including minimum loan Full Article
Joint mining industry committee demands clarity on ore export ban | Regulation data
(Insider Stories) — A joint committee mining industry committee has been formed in order to demand clarity from the government on its plan to ban raw mineral exports from next year and mandate ore be refined locally as chaos continues in the mining industry, The Jakarta Globe reports. It quotes Indonesia Coal Mining Association chairman Bob Kamandanu Full Article
EXCLUSIVE: DBS gets regulatory approval to buy 40% stake in Bank Danamon | Company data
(The Insider Stories) – The Indonesian central bank has given the nod for DBS Group Holdings Ltd.’s (D05) planned multibillion dollar acquisition of Bank Danamon (BDMN), with the processing of the legal documents for the deal likely to be completed in May, sources with direct knowledge of the matter said Friday. Singapore’s DBS is the Full Article
