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BANKING JOURNAL
The stock price of Bank Permata jumped 7.5% today on news about Rp700 billion sub-debt provided by its majority shareholder Standard Chartered Bank. In this report, (1) Bank Mandiri and (2) Banking stocks so far. ,Last Updated ( Wed, 10 Mar 2010)
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| Bakrieland offers US$150 million equity-linked bonds
Property developer PT Bakrieland Development Tbk (ELTY) Tbk, through its subsidiary BLD Investments Pte Ltd, has kicked off the private placement of US$150 million guaranteed equity-linked bonds to some institutional investors. (Wed, 10 Mar 2010)
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| Political Hostages
The political battle between the House of Representative and the government is still intensifying, a week after the House declared the bailout of Bank Century was problematic and that irregularities were found. Members of the House of Representative are preparing a new strategy: i.e. gathering supports to boycotting the presence of Finance Minister Sri Mulyani Indrawati at the House to discuss various issues, including the discussion on the 2010 State Budget.
(Wed, 10 Mar 2010)
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| • OTHER STORIES | | Indonesia Today at www.id-today.com published the following items in the past few hours: (1) Jakarta Setiabudi boosts ownership in Cikini Realty, (2) SBY confirmed Dulmatin's death, (3) Pertamina acquires 15% Semai II block, (4) Petrochina output drops on new flare gas regulation, (5) Sumatra Gold Updates Sontang Project. | |
| • When Unilever is bigger than BRI & PGAS | Stock Market | Consumer goods giant PT Unilever (UNVR) Tbk has just moved up to become the fifth largest company on Indonesia Stock Exchange (IDX) this morning from Perusahaan Gas Negara (PGAS). PGAS took over the position from Bank Rakyat Indonesia few weeks ago. | |
| • Fajar Paper financials | Manufacturing | Paper manufacturer PT Fajar Surya Wisesa (FASW) Tbk reported net profit of Rp277 billion last year, skyrocketed 657% from 2008, but mainly due to non-cash foreign exchange gain and lower financial charges. FASW is one of the so-called "sleeping stocks" with the last trading in early February with only one slot. | |
| • JOURNAL OF LAW | People | Visiting President SBY reportedly planned to ask for help of Australian PM Kevin Ruud to return five fugitives, including Adrian Kiki (businessman), to Indonesia. In this report, (1) Ong Piet Tjing vs OCBC Singapore, (2) Soenaryo Sampoerna vs Danamon, (3) Gunawan Tjandra vs Rabobank. | |
| • JBIC & Electricity projects financing | Electricity | Japan Bank for International Cooperation (JBIC), the Export Import Bank of Korea, and other financial institutions have signed US$595 million loan agreement with PT Cirebon Electric Power on Monday, March 8. JBIC would likely regain its dominant position in the country's electricity financing. | |
| • London Sumatra financials | Palm Oil | Palm oil and rubber producer PT PP London Sumatra (LSIP) Tbk reported net profit of Rp797.5 billion last year, declined 14% from 2008 on the falling CPO prices. The stock has skyrocketed 200% in the past 12 months despite recent technical corrections. | |
| • COAL JOURNAL | Coal | Crude oil prices approached US$80 per barrel on NY Mercantile Exchange in early session yesterday before settled at US$81.49. Energy stocks, including coal, reentered negative territory. In this report, (1) Bayan-Goldman Sachs deal, (2) Mongolia coal acquisition. | |
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