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OTHER STORIES
Indonesia Today at www.id-today.com published the following items in the past few hours: (1) Charoen restructures chicken division, (2) PP kicks off stock trading, (3) IDX opens lower, (4) Telkomsel customer base grew 25%, profit jumps in Q4. ,Last Updated ( Tue, 09 Feb 2010)
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| INDONESIA JOURNAL OF LAW
Government has relaunched the auction of Benua Indah Group's assets in Kalimantan, including CPO mills, following Supreme Court's verdict which rejecting Benua Indah's appeal. In this report, (1) Literati bankruptcy lawsuit against Soeharto's daughter and (2) List of companies whose license to use forest area revoked. (Tue, 09 Feb 2010)
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| Corporates in Brief
Pertamina plans to spin off some subsidiaries in both upstream and downstream business before the year ends. Meanwhile, PT Krakatau Steel, the largest steel producer, expects an IPO in second half. Also in this report, (1) Aneka Tambang, (2) Medco Energi, and (3) Millenium Pharmacon. (Tue, 09 Feb 2010)
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| More Articles |
| • The Breakup of ruling coalition | Politic | Yesterday's session at the House' Special Committee to investigate Century case may be a clearer sign of breaking up SBY-Boediono's ruling coalition when four coalition members decided to join opposition in blaming government's decision to bailout Century. What's next? | |
| • Matahari-CVC & Multipolar rights issue | Stock Market | PT Matahari Putra Prima (MPPA) Tbk will get about US$565 million cash from the divestment of PT Matahari Department Stores (LPPF) Tbk. At the same time, Multipolar (MLPL) Tbk issues new shares which might dilute public ownership substantially. Something strange? | |
| • Bumi Resources | Stock Market | PT Bumi Resources (BUMI) Tbk dropped as low as 6% on Monday 2PM, but then regained grounds, boosted by the trading of 277 million shares at 3.33 PM at Rp2375. Still the stock lost 2% to close at Rp2400. | |
| • Adaro: Operational Review | Coal | PT Adaro Energy (ADRO) Tbk has finally released its 2009 operational statistics. The company reported 0.8% growth in sales volume, lifted mainly by strong performance in Q4 2009. | |
| • Presidential aircraft | Politic | Some people criticize government's plan to purchase a private airplane for the President saying it's cheaper to lease instead. Government, on the other hand, argues it's cheaper to own than to lease. But the issue is not about which one is the most cost-effective. It is about geopolitics and competition between manufacturers. How? | |
| • Market Review | Stock Market | IDX composite index finally closed lower by 1.72% Monday after dropped 3.5% midday on heavy selling from foreign investors. Regional pressures were eased off. But broad selloff on blue chip stocks hit the market. Rupiah lost ground accordingly. | |
| • OTHER STORIES | | Indonesia Today at www.id-today.com published the following items in the past few hours: (1) IDX opens lower, (2) Tujuh Bukit KP converted to IUP, (3) Jatoil to start producing jatropha oil, (4) Controversial writer named a suspect, and (5) Bank Capital sold at 49% discount, (6) BCA Finance kicks off Rp600 billion bonds offering. | |
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