×

Asia Top News and Analysis Indonesia

  • JAKARTA, Oct 11- Indonesia's biggest listed oil company, PT Medco Energi Internasional, said on Thursday it would sell a majority stake in its liquid fuel storage unit PT Medco Sarana Kalibaru to energy firm Puma Energy LLC.

  • Oct 11- The U.S. Department of Agriculture has raised its 2012/ 13 global ending stock forecast for cotton to record highs for a third consecutive month, sending prices down and reinforcing concerns about weakening demand from China, the world's largest textile market.

  • Shares in Indonesian shipping firm PT Pelayaran Nelly Dwi Putri Tbk gained as much as 45.8 percent after its trading debut on Thursday. Pelayaran Nelly was the seventeenth company to list on the Indonesian stock exchange this year. Its IPO, which aimed to raise 58.5 billion rupiah, was priced at 168 rupiah a share.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • JAKARTA, Oct 11- Broad money supply in Indonesia rose 17.8 percent in August from a year earlier, a slower pace for a second consecutive month, data from Bank Indonesia showed on Thursday. According to the data, August money supply increased 1.1 percent on a monthly basis to 3,089.01 trillion rupiah, versus 3,054.84 trillion rupiah a month ago.

  • SINGAPORE, Oct 11- The directors of troubled Bumi Plc, one of the world's largest thermal coal exporters, gathered for a board meeting on Thursday amid an uncertain future for the company created by British-born financier Nat Rothschild and Indonesia's Bakrie family.

  • JAKARTA, Oct 11- Following is some company-related and market news that could have an impact on the local market. SE ASIA STOCKS-S'pore leads regional losses amid global growth concerns. >Blue chips Chevron, Alcoa lead Wall Street's sell-off.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • SINGAPORE, Oct 11- U.S. crude steadied above $91 a barrel on Thursday, as traders balanced escalating geopolitical risks with signs of weakening global oil demand. nudged up six cents to $91.31 a barrel in early Asia trading, after dropping more than a dollar the previous session.

  • SINGAPORE, Oct 11- The directors of troubled Bumi Plc, one of the world's largest thermal coal exporters, hold a board meeting on Thursday as the future of the company created by British financier Nat Rothschild and Indonesia's Bakrie family hangs in the balance. The Bakries and Tan each hold half of a 47.6 percent stake in Bumi Plc, while Rothschild owns 12 percent.

  • BANGKOK, Oct 11- Year-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in Southeast Asia.

  • *Berlin came to see deal as too complex, risky. EADS, the Franco-German parent of jetmaker Airbus, and British defence group BAE Systems announced after weeks of intense talks they were abandoning plans for a $45 billion deal that would have created an aerospace and defence giant bigger than Boeing.

  • GENEVA, Oct 10- West African crude oil differentials paused on Wednesday after a sell-off earlier in the week as traders waited for the results of outstanding Asian tenders. But they said sales could improve in the next few session if India's Mangalore Refinery and Petrochemical Ltd.

  • *News comes a day ahead of Bumi Plc board meeting. LONDON/ SINGAPORE, Oct 10- Telephones and email accounts belonging to Indonesia's influential Bakrie clan have been hacked, a Bakrie official said, pointing to unspecified "suspicions" likely to further strain relations with fellow investors in UK miner Bumi Plc.

  • LONDON, Oct 10- Telephones and email accounts belonging to Indonesia's politically connected Bakrie family and their group of companies have been infiltrated and compromised, a group official said, adding the crime has been reported to Indonesian police.

  • BANGKOK, Oct 10- Singapore shares fell to a near one-month low while most other Southeast Asian stocks also ended lower on Wednesday as flagging global economic growth triggered selling in blue-chip stocks, including Keppel Corp. Oil rig builder Keppel Corp led among battered large-cap stocks, sliding 1.4 percent.

  • SINGAPORE, Oct 10- Singapore conglomerate Fraser and Neave Ltd, the takeover target of a Thai tycoon, said it had rebuffed a S $1.4 billion bid for its hospitality and serviced residence business.

  • Indeed the reception to the four deals that priced last night by Sunac China, United Overseas Bank, Syndicate Bank and Lifestyle suggest that there is still an enormous pool of funds that have to be put to work with only three months left of 2012..

  • KUALA LUMPUR, Oct 10- The founders of Malaysia's AirAsia Bhd, Tony Fernandes and Kamarudin Meranun, are set to kick off an initial public offering spree in 2013 with three listings worth more than $500 million.

  • SINGAPORE/ BEIJING, Oct 10- Asia's top refiner, China's Sinopec, has started work to build Southeast Asia's largest oil storage terminal at the Batam free trade zone in Indonesia, the company and industry sources said, in an $850- million investment aimed to boost petroleum trading.