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Bakrie's million dollar wedding
For a family with US$20 billion market cap from six listed companies, a spending of US$1 million for wedding party is clearly minuscule. But for those Lapindo mudflow victims in Sidoarjo, that would be enough for 200 families to pay one year house rent. ,Last Updated ( Fri, 25 Jul 2008)
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| Lawsuits against Bayan Resources
Just days before the scheduled listing of its shares at Indonesia Stock Exchange (IDX), PT Bayan Resources Tbk owner and stock market authorities have to face lawsuits filed by former "friend" of Bayan's controlling owner. (Fri, 25 Jul 2008)
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| Coal stocks: How low will they go?
We're entering dry season where coal production usually higher than the first half. Xstrata, one of the world's coal giants, dropped 6.05% yesterday or a 27% decline from its recent high. Shenhua opened significantly lower this morning to the level reached in early part of 2007. (Fri, 25 Jul 2008)
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| More Articles |
| • H1 results: No surprises | Stock Market | Companies have started to announce their first half results with no significant surprises so far. Banks were still in good shape, while consumers & retailers were looking good but limited room to boost profitability. | |
| • Kencana Agri IPO & The Generals | Company Profile | Kencana Agri Limited kicks off the trading of its shares in Singapore Stock Exchange (SES) Friday, July 25. Kencana, owned by Indonesians, controls land bank of 107,782 hectare in Sumatra & Kalimantan. | |
| • Banking updates | Banking | Banking stocks rebounded sharply in the last few days but mainly suffered significant drop compared to their opening this year. | |
| • AKRA profit doubled, JPRS jumps 150% | Stock Market | PT AKR Corporindo (AKRA) Tbk reported 103% growth of net profit in the first half 2008 on strong sales growth. Meanwhile steel producer PT Jaya Pari Steel (JPRS) recorded 150% growth of net profit in the same period, also on strong sales, | |
| • Bayan IPO pricing: OVER Optimistic! | Stock Market | Underwritters of PT Bayan Resources Tbk once set the price range of Rp5600-7700 for Bayan IPO. Media reported that the ultimate target is Rp5,800. Still that price is way too optimistic. PLUS: Pending litigation! | |
| • Trakindo Group: Tractors & beyond | Company Profile | Bank Mega has just signed Rp500 billion facility for PT Trakindo Utama, the second largest heavy equipments supplier in Indonesia to expand its business. What's the latest of in the group? Have it followed UNTR in coal mining acquisitions? | |
| • Miners mainly in red | Stock Market | Stock prices of mining companies worldwide closed mainly lower on Wednesday. Oil & gas companies also continued the declining trend. This morning, giant miners like BHP and Rio Tinto opened significantly lower in Australia. | |
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