Asia Top News and Analysis Indonesia

  • Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. *The Look East Policy- A New Dimension Conference at Grand Mahkota Foyer, Lower Ground, Istana Hotel, Jalan Raja Chulan, Kuala Lumpur at 830 am.

  • Finding Value in Emerging Asia

    Paul Gruenwald, Chief Economist, Asia Pacific, ANZ says Indonesia and Philippines have proven relatively resilient against the global uncertainty as they're de-linked from the global supply chain.

  • LONDON, Oct 9- West African crude oil differentials were under pressure again on Tuesday, as talk that Unipec resold unwanted Angolan cargoes highlighted the limited demand in China. *Qua Iboe: Seen trading around the $2.10 level, little changed from the day before, but below the $2.10 to $2.50 range seen on Friday.

  • TOKYO, Oct 9- Japan is ready to provide $13 billion of funding for infrastructure projects in Indonesia, it said on Tuesday, as it looks to capitalise on the Southeast Asian nation's strong economic growth. The investment is Japan's contribution to a jointly funded 410 trillion rupiah development plan for the greater Jakarta area.

  • SINGAPORE/ BEIJING, Oct 9- China's Sinopec has started work to build Southeast Asia's largest oil storage terminal at Indonesia's Batam Free Trade Zone, industry sources said on Tuesday. Industry sources said the project was originally planned as a joint-venture between the Chinese refiner and OilTanking, a unit of the privately held Marquard& Bahls.

  • SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.

  • But the high-pitched row between Beijing and Tokyo over their ownership is exacting a growing toll on Japan, threatening to send its recovery from last year's disasters into reverse.

  • BANGKOK, Oct 9- Stocks in Singapore, Thailand and the Philippines edged lower on Tuesday amid broad-based sell-off in regional large caps such as Metropolitan Bank& Trust Co. and Siam Cement Pcl as concerns about global growth dented investor sentiment. Late selling erased most of morning gains in Malaysia.

  • SINGAPORE, Oct 9- Indonesia's state-owned Pertamina has concluded term negotiations to supply low sulphur waxy residue in the fourth quarter at lower premiums, traders said. The term contract, to supply about 200,000 barrels of V1250 grade LSWR a month, was awarded at a premium of $50.00- $55.00 a tonne to Singapore quotes, according to the traders.

  • The National Broadcasting and Telecommunications Commission will hold the much-delayed auction on Oct. 16. Market leader Advanced Info Service, 21 percent owned by Singapore Telecommunications Ltd, will bid through wholly owned unit Advanced Wireless Network Co. Ltd..

  • JAKARTA, Oct 9- Domestic motorbike sales in Indonesia, Southeast Asia's biggest economy, fell 14 percent in September from a year ago, a smaller drop than August's 36.8 percent, industry data showed on Tuesday. September sales were 620,499 motorbikes, up 44.6 percent on a monthly basis and led by Honda.

  • *Deal aimed at paying down some of Bumi's $3.9 bln debt. *Bankers pitching to separate Bumi Plc and Bakries-sources* Bumi Plc board set to meet Oct 11 in Singapore.

  • PARIS, Oct 9- French oil major Total said on Tuesday that it had signed two production sharing contracts with the government of Indonesia. One of the exploration blocks is based in the southwest of Sumatra, while the other is adjacent to the country's most prolific gas producing offshore block, which is also operated by Total, the company said in a statement.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • SYDNEY, Oct 9- Australia attracted a record number of tourists in August as a flood of visitors from China defied the high local dollar, helping support spending and employment in a country fretting about a cool down in its mining boom.

  • JAKARTA, Oct 9- Sampoerna group, one of Indonesia's leading conglomerates, is leading a consortium of local investors that is in talks to buy a 50 percent stake in PT Fajar Bumi Sakti, a coal unit of Bumi Resources, for around $200 million, sources said.

  • JAKARTA, Oct 9- Sampoerna group, one of Indonesia's leading conglomerates, is leading a consortium of local investors that is in talks to buy a 50 percent stake in PT Fajar Bumi Sakti, a coal unit of Bumi Resources, for around $200 million, sources with direct knowledge the matter said on Tuesday.

  • STOCKS TO WATCH> PT Astra Daihatsu Motor, a unit of Astra International, plans to spend 1 trillion rupiah to add 30 car dealerships over the next three years, said CEO Suparno Djasmin.> PT Pertamina EP, an upstream unit of state oil and gas firm PT Pertamina, said it will miss the 2012 oil output target of 132,000 barrels per day, as the firm has suspended its oilfields operation in Cirebon, West Java, after mass rally on Oct.3 turned chaotic, said Agus Amperianto, the company's human relations officer.> Small-sized lender Bank Maspion CEO Herman Halim expects to launch an initial public offering in the first quarter of 2013 and expects to raise 100 billion rupiah by selling 11 percent of its enlarged capital.