Indonesia at 8 position on 2010 rubber consumption

BI/finansial

3/8/2011

Irvin Avriano A.

Bisnis Indonesia

Indonesia at 7 position on 2010 rubber consumption

China 3,631,000

EU 1,132,000

India 944,000

USA 926,000

Japan 750,000

Thailand 459,000

Malaysia 458,000

Indonesia 421,000

South Korea 384,000

Brazil 374,000

JAKARTA: Indonesia pegged for seventh position of the 10 largest rubber consuming country in the world last year, conducted on the International Rubber Study Group's research which headquartered in Singapore.

As Bloomberg reported this afternoon, Indonesia position booked also with the level of consumption as much as 421,000 metric tons, above South Korea and Brazil who are in positions ninth and tenth. South Koreans consume as much as 384,000 metric tons of rubber, while Brazil as much as 374,000 metric tons.

PTPN XIII issue IDR80 bio MTN

24/5/2011

Irvin Avriano A.

PTPN XIII issue IDR80 bio MTN

JAKARTA: PT Perkebunan Nusantara XIII (PTPN XIII), Pontianak-based SOE plantation company, issue their very first medium term notes (MTN) worth IDR80 billion. The fixed income securities tenured 2 years.

The matter announced on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) official website today. The private-offered type securities burdened by 9.35% p.a. interest that will be paid every 3 months.

Energi Mega and Bakrie Plantations pledge assets, again

16/5/2011

Irvin Avriano A.

Energi Mega and Bakrie Plantations pledge assets, again

JAKARTA: PT Energi Mega Persada Tbk and PT Bakrie Sumatera Plantations Tbk, both are Bakrie Group companies, intend to pledge most or all of its asset and its subsidiaries, that will proposed on an extraordinary general meeting of shareholders (EGMs) that will held on May 31th and June 1st, respectively.

The action indicated the two companies intend to seek another loan and/or use their shares for loan collateral, like often did before.

Indofood rating raised to idAA+

8/5/2011

Irvin Avriano A.

Indofood rating raised to idAA+

JAKARTA: PT Indofood Sukses Makmur Tbk' rating, a Salim Group holding company, raised a level from idAA to idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) last week. Based on Pefindo research announcement last week, the rating outlook pegged at stable level.

Pefindo analyst Vonny Widjaja said in the statement that the increase rating reflectcompany's cash flow protection supported by better margin and lower financial leverage level.

Astra Agro CPO sales grow 4.4%

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Astra Agro CPO sales grow 4.4%

JAKARTA: PT Astra Agro Lestari Tbk, an Astra Group agribusiness line company, booked 4.4% rise on CPO sales volume in January this year, or 94,991 tonnes from 90,954 tonnes in January 2009.

In the Indonesia Stock Exchange (IDX) information disclosure today, the local client buy 88,423 tonnes CPO from the volume and the rest 6,568 tonnes was exported.

Multistrada open rights issue possibility

BI/bursa

21/2/2011

Irvin Avriano A.

Bisnis Indonesia

Multistrada open rights issue possibility

JAKARTA: PT Multistrada Arah Sarana Tbk, a listed tire producer, open possibilities to held a rights issue as soon as March or April, together with taking bank loan or internal cash to fund its plan to establish a new subsidiary.

Multistrada President Director Pieter Tanuri said the company also intend to pick a new director or division head to taking care of the new subsidiary, that will be proposed on the nesxt extraordinary general meeting of shareholders (EGM).

Salim Ivomas will IPO $280 mio in IDX

BI/bursa

18/2/2011

Irvin Avriano A.

Bisnis Indonesia

Salim Ivomas will IPO $280 mio in IDX

JAKARTA: PT Salim Ivomas Pratama, one of PT Indofood Sukses Makmur Tbk several agri business subsidiaries, commit to list their shares in Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) through initial public offering (IPO). Rumour said that the IPO worth US$280 million and already picks three underwriters.

Indofood Director & Corporate Secretary Werianty Setiawan said even they will enlisted the stocks, the process is still in open option and could not assure the time and readiness off the IPO.

Smart claim not directly involved to Karang Mendapo conflict

bourse

Irvin Avriano A.

Smart claim not directly involved to Karang Mendapo conflict

JAKARTA: PT Sinar Mas Agro Resources & Technology Tbk (Smart), an oil palm plantation wings from Sinar Mas Group, declare their subsidiary PT Kresna Duta Agroindo (KDA) has not directly involved in a conflict that have claimed victim between villagers and policemen in Karang Mendapo, Jambi.

The company which commandeered by Jo Daud Dharsono is also explain that the conflict is only happen between the villagers and with Koperasi (Cooperative) Tiga Serumpun that backed up by the police. The conflict that happen in January 15th claimed six shot-down-victims and brings seven villagers to be caged by policemen for investigation.

Bakrie Plantations appoint Credit Suisse and Deutsche Bank

BI / exchange

15/11/2010

Irvin Avriano A.

Bisnis Indonesia

Bakrie Plantations appoint Credit Suisse and Deutsche Bank

JAKARTA: PT Bakrie Sumatera Plantations Tbk, a listed Bakrie Group plantations company, appoint two global investment banks, Credit Suisse and Deutsche Bank as arranger of issuance of global bonds which amount planned US$200 million.

"The investment bank had eliminate several other banks that participated in the selection of the arranger," said a source in the capital markets whose involved in the transaction to Bisnis yesterday.