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Friday, September 30, 2011

Sinarmas' Chipdeco issue $15 mio MTN

Irvin Avriano A.

Sinarmas' Chipdeco issue $15 mio MTN

JAKARTA: Another Sinarmas Forestry company, PT Chipdeco Inti Utama, issue US dollar denominated 5 years medium term notes (MTN) worth $15 million.

The issuance published in the Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in September 8th. Based on the data, the company charged interest coupon 6% per annum.

Wednesday, September 28, 2011

Atlas IPO 25%. What story behind Hanson Energy?

Irvin Avriano A.

Atlas IPO 25%. What story behind Hanson Energy?

JAKARTA: PT Atlas Resources Tbk plan to loads 25% of their new shares to investors in the capital market related to their IPO, with funds tergeted above IDR2 trillion. But there is an interesting name behind, PT Hanson Energy, which ring something behind the head. What is the Hanson Energy relation to Atlas Resources?

As we -as public- know, Atlas Resources already appoint two underwriters to handle the 783.33 million new shares issuance, PT Indo Premier Securities and PT UBS Securities Indonesia. When we still assumed the fund will raised IDR2 trio, nontheless the price per share couldn't be under IDR2,553 per shares.

Churchill Mining filed appeal to Supreme Court

Irvin Avriano A.

Churchill Mining filed appeal to Supreme Court

JAKARTA: Churchill Mining Plc, London-based mining company, filed another third appeal to Supreme Court of Indonesia (Mahkamah Agung/MA) to overturn the decision of revoked licence in one of the company's main coal project in Kutai Timur.

The appeal addressed to withdraw of previous two appeal-result decision, both in Administrative High Court in Jakarta (Pengadilan Tinggi PTUN) and Administrative Tribunal (Pengadilan Tata Usaha Negara/PTUN) in Samarinda, East Kalimantan.

Panin Financial to rights issue IDR499.25 bio

Irvin Avriano A.

Panin Financial to rights issue IDR499.25 bio

JAKARTA: PT Panin Financial Tbk, a business and management consultant company from Panin Group, disclose its VII/2011 rights issue plan with fund targets IDR499.25 billion and IDR998.5 bio if added with its warrants.

The matter was conclude in its information disclosure published in newspaper today. The company that led by Fadjar Gunawan is intend to dispose 3.99 bio new shares with nominal and offered price IDR125.

Tuesday, September 27, 2011

Mandiri Investasi launch four new mutual fund

Irvin Avriano A.

Mandiri Investasi launch four new mutual fund

JAKARTA: PT Mandiri Manajemen Investasi will launch four new mutual funds. The funds that already pocketed effective statement namely Mandiri Saham Atraktif, Mandiri Saham Syariah Atraktif, Mandiri Komoditas Syariah Plus, and Mandiri Berimbang Syariah Aktif.

The matter showed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in September 15th and 16th.

The announcement related to international securities identification number (ISIN) code given to the every new securities that already obtain effective statement from Capital Market and Financial Institution Supervisory Agency (Bapepam-LK).

Monday, September 26, 2011

Mansek's Kartika moved to IIF

BI/market
26/9/2011
Irvin Avriano A.

Mansek's Kartika moved to IIF

JAKARTA: One of PT Mandiri Sekuritas (Mansek) director, Kartika Wirjoatmodjo, move to PT Indonesia Infrastructure Fund (IIF) and become the president director of the SOE finance company.

His position will replace by former PT RBS Asia Securities Indonesia president director Laksono Boyke Widodo.

One executives who know the matter said Kartika resignation from Mansek and appointment to become the highest position in IIF already set up on September 5th and will assist the other director in IIF, Bibin Busono, former director of PT Tanah Laut Tbk (formerly PT Indoexchange Tbk).

Sunday, September 25, 2011

BNIS Proteksi XXIV launched

BI/market
23/9/2011
Irvin Avriano A.
Bisnis Indonesia

BNIS Proteksi XXIV launched

JAKARTA: PT BNI Asset Management's new protected fund, BNIS Proteksi XXIV, is obtain effective statement from Capital Market and Financial Institution Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan/Bapepam-LK) and ready to offer.

The matter was showed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) official website, one of three back office self regulatory organization in the capital market.

Danamon change directors

Irvin Avriano A.

Danamon change directors

JAKARTA: PT Bank Danamon Indonesia Tbk, a listed private bank owned by Singapore-based Temasek Holdings, intend to change their board of director.

The matter was concluded from the company's announcement in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in this weekend. The announcement related to extraordinary general meeting of shareholder (EGM/RUPLB) agenda.

UBS' Grübel resign after $2 bio scandal

Irvin Avriano A.

UBS' Grübel resign after $2 bio scandal

JAKARTA: UBS AG CEO Oswald J. Grübel resign from the biggest global financial service company after unauthorized trading scandal.

The matter was shown in the official letter from UBS' media release on yesterday afternoon. After the resignation, the board of UBS asked Sergio P. Ermotti to take up the CEO position on an interim basis while the appointment will take effect immidiately.

"The Board regrets Oswald Grübel's decision. Oswald Grübel feels that it is his duty to assume responsibility for the recent unauthorized trading incident. It is testimony to his uncompromising principles and integrity," said UBS Chairman Kaspar Villiger in the release.

Karwell sell main asset

Irvin Avriano A.

Karwell sell main asset

JAKARTA: PT Karwell Indonesia Tbk, an apparel company, intend to sell their main asset which are production machines, land bank, and buildings.

The matter was exposed in their information disclosure to Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) yesterday, related to their extraordinary general meeting of shareholders (EGM/RUPSLB).

Saturday, September 24, 2011

Prasidha held quasi-reorganization IDR568 bio

BI/market
23/9/2011
Irvin Avriano A.
Bisnis Indonesia

Prasidha held quasi-reorganization IDR568 bio

JAKARTA: After merge with its two subsidiaries, coffee producer-seller company PT Prasidha Aneka Niaga Tbk intend to held quasi-reorganization to eliminate the IDR568.13 billion deficit balance.

The plan is showed in the company's information disclosure in newspaper today. In the data, company's management commandeered by Jeffry Sanusi Soedargo conclude four main reason which targeted through the corporate action.

Gani Bustan set as KBRI president director

BI/market
23/9/2011
Irvin Avriano A.
Bisnis Indonesia

Gani Bustan set as KBRI president director

JAKARTA: Gani Bustan officially appointed to be PT Kertas Basuki Rachmat Indonesia Tbk president director, replacing Elia Massa Manik whom move to PT Elnusa Tbk.

The matter is showed in the information disclosure related to the result of Kertas Basuki Rachmat extraordinary general meeting of shareholders (EGM) that published in the newspaper on Friday.

Friday, September 23, 2011

Schroder Dana Campuran Progresif launched

BI/market
22/9/2011
Irvin Avriano A.

Schroder Dana Campuran Progresif launched

JAKARTA: PT Schroder Investment Management Indonesia, the biggest fund manager by managed-asset, issues a new balanced fund namely Schroder Dana Campuran Progresif.

The matter was shown in PT Kustodian Sentral Efek Indonesia's (KSEI) data today, which also give notice that Citibank will act as custody for the new product. But the data show no other details about the product.

Monday, September 19, 2011

Buana secure IDR100 bio loan from Panin

BI/market
16/9/2011
Irvin Avriano A.


Buana secure IDR100 bio loan from Panin

JAKARTA: PT Buana Finance Tbk, multifinance listed company which owned by PT Sari Dasa Karsa (SDK), secure IDR100 bio credit facility from PT Bank Pan Indonesia Tbk (Bank Panin).

"It have 36 month tenure and guaranteed by the company's receivables worth 110% from the credit principal," said Buana Finance President Director Soetadi Limin in his company's information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia).

Saturday, September 17, 2011

Medali 2 seeks IDR100bio in year end

BI/market
15/9/2011
Irvin Avriano A.

Medali 2 seeks IDR100bio in year end

JAKARTA: Reksa dana Mega Dana Obligasi Dua, a fixed income mutual fund which managed by PT Mega Capital Investama, seeks total asset under management until IDR100 billion until this end of the year.

Mega Capital Investama Associate Director Grace Wiragesang said the fund which nicknamed as Medali 2 have a uniqueness caused by return growth that reached 15.3% in the last 12 months.

Delta Dunia new corsec passed away

‎​BI/market
14/9/2011
Irvin Avriano A.
Bisnis Indonesia

Gamala, Delta Dunia new corsec passed away

JAKARTA: Gamala Virasa Katoppo, 42, a new corporate secretary of coal mining contractor PT Delta Dunia Makmur Tbk, passed away on Tuesday afternoon on assumed-heart burn.

His body have stayed on the grief house in Jl Kemang Timur 4W Jakarta Selatan and cremated this Friday in Oasis, Tangerang.

Yura Katoppo, eldest brother of Gamala, said the departed was found unconscious at his house between 13.00--17.00 after he was checked by SOS Medika Hospital, Cipete, South Jakarta, in the late morning at 01.00 because a heart burn suspicion.

Friday, September 16, 2011

Altus-Chandra Petrochemical buyback bond US$7.9 mio

BI/market
16/9/2011
Irvin Avriano A.
Bisnis Indonesia


Altus-Chandra Petrochemical buyback bond US$7.9 mio

JAKARTA: Altus Capital Pte Ltd, subsidiary of stock emitters PT Chandra Asri Petrochemical Tbk, buyback some of its existing US dollar denominated bond worth US$7.9 million or equal to IDR69.64 billion.

"The aggregate principal amount of the notes remaining outstanding following the cancellation of the purchased notes would be US$214.78 mio," said the management in the Altus Capital information disclosure to the Singapore Stock Exchange today.

Monday, September 5, 2011

Truba's Gamala move to Delta Dunia

BI/market
5/8/2011
Irvin Avriano A.
Bisnis Indonesia

Truba's Gamala move to Delta Dunia

JAKARTA: Gamala Virasa Katoppo, former corporate secretary engineering-construction listed company PT Truba Alam Manunggal Tbk, will join PT Delta Dunia Makmur Tbk as corporate secretary.

The matter was explained by Gamala himself, confirming the Truba announcement in the newspaper this morning that shows his ex-corporate secretary position will be filled by Kristono Wardhana.

The announcement is held to comply the rule of Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK/Capital Market and Financial Institution Supervisory Agency) No.IX.I.4 about The Forming of Corporate Secretary.

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