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INSIDER HEADLINE: $1.34 Bln Indonesian Corporate Debt Paper Maturing in 1H -Report
Corporate debt paper maturing by end-June amounts to nearly 13 trillion rupiah ($1.34 billion), Kontan newsportal reported Wednesday, citing data from the Indonesian Securities Depository (KSEI). The debt comprises, among others, IDR1.33 trillion worth of conventional bonds and sukuk issued by telco firm Indosat, IDR500 billion worth medium term notes issued by state electricity firm Full Article
INSIDER HEADLINE: Sumitomo Mitsui Considering Buying TPG’s $1.7 Bln Stake in Bank Tabungan Pensiunan -Wires
March 13 (The Insider Stories) — Japanese bank holding company Sumitomo Mitsui Financial Group is considering acquiring TPG Capital’s $1.7 billion stake in Indonesia’s PT Bank Tabungan Pensiunan Nasional, wire services reported. Bloomberg News quoted sources familiar with the deal as saying SMFG isn’t currently in formal negotiations with the U.S.-based private equity firm for Full Article
INSIDER EXCLUSIVE: Sinar Mas to Build $245 Million Oleochemical Factory in Riau -Chairman
March 13 (The Insider Stories) — Indonesian integrated palm-based consumer-product company PT Sinar Mas Agro Resources & Technology (SMAR.JK) via its unit PT Energi Sejahtera Mas plans to build a manufacturing facility for oleochemicals, margarine and specialty fats in Lubuk Gaung Dumai, Riau Province. Total investment for the project is around US$245 million. “The design Full Article
INSIDER DATA: Economic and Company Events in Indonesia (Updated on Tuesday, March 12)
Here are some scheduled events related to some listed companies. Wednesday: 1. Coal miner PT Atlas Resources Tbk to hold AGM on the IDX building in Jakarta at Tower 2, 1rst floor. The AGM will be held at 14:00 2. Cement maker Indocement PT Tunggal Prakarsa Tbk to hold a public expose at 14:00 in Full Article
INSIDER NEWS: Lippo’s OUE to Buy ‘Iconic’ US Bank Tower in LA for $367 mln
(Insider Stories) — Overseas Union Enterprise Limited, a Singapore-based diversified real estate developer, will acquire the U.S. Bank Tower for $367.6 million as part of its effort to build up its commercial properties portfolio, it said in a statement on Monday. OUE, controlled by Indonesia’s Lippo Group, plans to buy the “iconic” skyscraper and related Full Article
INSIDER NEWS: Bakrieland Development: Paid 2008 bond Monday
March 11 (Insider Stories) — PT Bakrieland Development has paid off a bond Monday, the company said in a statement. The company has paid 280 billion rupiah principal and IDR8.995 billion coupon on a five-year bond issued 2008 via PT Kustodian Sentral Efek, Indonesia’s official securities custodian, it said. Earlier Monday the company had said Full Article
INSIDER HEADLINE: CVC-owned Matahari launches Indonesia share offer, up to $1.36 bln -Report
March 11 (Insider Stories)-Looking to benefit from growing investor appetite for Indonesian consumer stocks, CVC Capital Partners and PT Multipolar Tbk Monday launched an offering worth up to $1.36 billion of shares in PT Matahari Department Store, Reuters News reported, citing terms seen by the news agency. Multipolar and a CVC subsidiary are offering 1.167 Full Article
INSIDER NEWS: Bakrieland to pay IDR280 billion debt Monday; payment was delayed due to clearing problem -Official
(Insider Stories) — Indonesian property company PT Bakrieland Development (ELTY.JK) plans to pay off 280 billion rupiah in debt Monday. The debt matured Friday but the company was unable pay because of a clearing problem, a company official said. “We plan to pay the debt by noon from internally generated cash,” Bakrieland Development Finance Director Full Article
INSIDER NEWS: Surging Data Services Boosts Telkom’s 2012 Earnings
(The Insider Stories) — Indonesia’s biggest telco firm booked a surge in 2012 net income of slightly over 17%, driven by strong growth in data services. PT Telekomunikasi Indonesia, or Telkom, said on Thursday that its broadband subscribers grew by 82.8% year-on-year and its cellular-subscriber base increased 16.9% to 125.1 million. That drove 2012 revenue Full Article
INSIDER HEADLINE: Local Companies Risk Missing Out On Middle-Class Boom - Report
Indonesian consumer-goods companies will need to double the reach of their distribution networks and target more products towards middle-income consumers or risk losing their advantage over foreign competitors as consumption grows rapidly in Indonesia’s middle class, a consulting firm said, according to The Jakarta Globe. Boston Consulting Group forecast the number of middle-class and affluent Full Article
INSIDER HEADLINE: Indonesia ETFs Leading Equities Market -Blog
The SeekingAlpha blog notes that Indonesia stocks and exchange traded funds have been leading the equities market due to sustainable economic growth and an improved earnings outlook for local companies. The Market Vectors Indonesia ETF was one of the best performing ETFs in February, gaining 9.1% in the past month, it notes. Full post: http://seekingalpha.com/article/1249731-why-indonesia-etfs-are-on-a-tearFull Article
INSIDER HEADLINE: Indonesia’s Yield Curve Picks Up - Report
Indonesia’s yield curve steepened after inflation quickened to the fastest pace in 20 months, with the spread between two- and 10-year notes near the widest since June, while rupiah forwards rose for the first time in three days, Bloomberg News reported Thursday. It said DBS Group analysts forecast Bank Indonesia to increase its interbank deposit Full Article
INSIDER COMPANY: Berau EGMS OKs Eko Santoso Budianto As CEO; Bumi Plc talks
(Insider Stories) — An extraordinary shareholders meeting of PT Berau Coal Energy Tbk (BRAU), Indonesia’s fifth-biggest coal producer by output, Thursday approved the appointment of Eko Santoso Budianto to take over as president director from Rosan Perkasa Roeslani. Shareholders also approved a new format for Berau’s board of directors and commissioners. President Director: Eko Santoso Full Article
Accor redefines hospitality for European visitors to Indonesia
Jakarta, 7 March 2013 (Press Release) - Accor, the leading international hotel operator in Asia-Pacific, today announced that eleven of the Group’s hotels in Bali and Lombok hotels have been accredited to deliver “Optimum Service Standards” for its European guests, ensuring that inbound European travelers receive the highest level of service when they visit these Full Article
Bukit Asam’s Profit Falls 6% to IDR2.9 tln in 2012
(The Insider Stories) - State controlled coal mining firm, Bukit Asam (PTBA), booked a minor decline in its profit last year, amid the falling price of coal in the international market. The company’s net profit fell 6 percent to Rp 2.9 trillion in 2012 from 3.09 trillion in the previous year. PTBA’s revenue actually rose Full Article
