Indonesia Today by Yosef Ardhi  
 
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NEWS UPDATES

Indonesia Today at www.id-today.com published the following news in the past few hours: (1) BUMI offers US$391 million for Newmont shares, (2) LNG Receiving Terminals, (3) Bosowa secures suppliers' credit from Chengda, (4) Cita Mineral falls with bauxite, (5) Fidelity keeps collecting BUMI shares, and (6) Global Mediacom (BMTR) asks for US$25 million compensation from bondholders.

 ,Last Updated ( Fri, 03 Jul 2009)

State-Owned Mining & BHP Assets

Competition to get coal mining assets currently controlled by BHP Billiton in Central and East Kalimantan may intensify with the plan from state-owned mining companies to join forces. Government hands might help them. But will BHP return the assets to government?

(Fri, 03 Jul 2009)
The Fugitives, extended list (II)

Eighten years ago, Arthur Shawcross, convicted of killing 10 Rochester-area women, was sentenced to a minimum 250 years in prison. Texan billionaire financier and cricket mogul Allen Stanford faces 250 year jail sentence for 21 counts of fraud, money-laundering, and obstruction in a huge US$8 billion scam. SO, Bernie Madoff's 150 years in prison sentence looks lighter. 

(Thu, 02 Jul 2009)
More Articles
• The Finish Line Politic

Two days left for campaigns, five days away to the election, weeks away from the results, months away from a new cabinet, but decades away from a just and truly democratic election. As the 2009 election cycle is approaching the finish line, some started to speculate about minister candidates, especially in key portfolios.

• NEWS UPDATES

News items published by Indonesia Today at www.id-today.com are: (1) PLN director detained, (2) IPTV regulation to be issued, (3) Mitra Rajasa acquires catering company, (4) Cemasco restructures Holcim Indonesia loan, and (5) Newcrest' Gosowong US$200 million expansion.

• Donggi-Senoro, The Wars Within Oil And Gas

Why Vice President Jusuf Kalla insisted to give domestic market as priority for Donggi-Senoro gas? Why President SBY has yet to make decision about the project? Why Pertamina-Medco is trapped in a dilemmatic situation? These are questions in many people's mind in recent months left unanswered.

• Groups vying to acquire BHP Assets Investment

More and more companies, locals and multinationals, expressed their interest to acquire BHP Billiton's coal assets in Kalimantan, known as Meruwai Coal Projecy, consisted of several concessions. The latest is PT Bumi Resources (BUMI) Tbk, which acquired BHP's shares in Arutmin Indonesia few years back.

• The Fugitives, extended list (I) People

Djoko S. Tjandra has been added to the country's list of fugitives. The lawyer promised to bring him back to serve his two years sentence in relation to Bank Bali scandal. In late 2004, Irawan Salim fled the country with huge amount of losses to the State. Will the country learn something from Maddoff's 150 years of sentence?

• Trade Briefs Economy

Indonesia reported trade surplus of US$7.09 billion in the Jan-May 2009, increased 56.3% from the same period last year. But as domestic demand improves, while export market has slowly been recovered, the trade surplus dropped as much as 19% in May.

• NEWS UPDATES

News Items published by Indonesia Today at www.id-today.com in the past few hours are: (1) IFC sells Megaplast shares for US$1, (2) Exxon & Petronas talks on Mandar-Surumana blocks, and (3) Sentul City in red.

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