Pakuwon rights issue IDR1.36 trio to buy Kota Kasablanka

BI/market

3/11/2011

Irvin Avriano A.

Bisnis Indonesia

Pakuwon rights issue IDR1.36 trio to buy Kota Kasablanka

JAKARTA: PT Pakuwon Jati Tbk, Surabaya-based property listed company, will held rights issue worth IDR1.3 trio--1.36 trio to fund its Kota Kasablanka superblock's purchasing plan.

Based on its prospectus summary in the newspaper today, the company intend to issue 2 bio or 20% new shares with nominal value IDR100 in executing range IDR650--680 per shares.

The price still 24.44%--27.77% below the company's shares position this morning at IDR900.

Multistrada rights issue IDR1.53 trio

BI/market

3/11/2011

Irvin Avriano A.

Bisnis Indonesia

Multistrada rights issue IDR1.53 trio

JAKARTA: PT Multistrada Arah Sarana Tbk, automobile and motorcycle tires producer listed company , will held rights issue worth IDR1.53 trio.

Data in their prospectus today explain the corporate action will held by issue 3.06 billion shares or 33.33% portion with nominal value IDR140 at execution price IDR500.

US index decline

BI/market

17/10/2011

Irvin Avriano A.

Bisnis Indonesia

US index decline

JAKARTA: US stock indexes declines shortly after the opening in this early week, following last week gain.

The declining happen after German government official damped optimism that the crisis will fixed fastly.

BNBR suffers IDR17.11 trio lost in 2008

BI/market

6/10/2011

Irvin Avriano A.

Bisnis Indonesia

BNBR suffers IDR17.11 trio lost in 2008

JAKARTA: PT Bakrie & Brothers Tbk, the holding company for Bakrie Group, is suffering loss IDR17.11 trillion from selling its five subsidiaries shares back in 2008.

The matter was disclosed on the company's cuasi-reorganization plan prospectus yesterday.

LPKR as IDR2.32 trio REITs' standbuy buyer

BI/market

2/10/11

Irvin Avriano A.

Bisnis Indonesia

LPKR as IDR2.32 trio REITs' standbuy buyer

JAKARTA: PT Lippo Karawaci Tbk ready to be standby buyer for new unit issuance of real estate investment trust (REITs) worth S$336.8 million or equals to IDR2.32 trillion.

The matter was shown in one of the members of Lippo Group information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) today. The addition to the units of such investment product that known as dana investasi ril estat (DIRE) will carried out with rights issue scheme.

Pegadaian issue rupiah MTN again

Irvin Avriano A.

Pegadaian issue rupiah MTN again

JAKARTA: The state owned pawnshop, Perum Pegadaian, issue second series of shari'a rupiah denominated medium term notes (MTN).

The fixed income securities issuance showed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) in September 27th.

The data also disclose the maturity date that set on November 7th 2012 and the first coupon that will received by its investors on December 27th. But there are no detailed information about the arranger or its amount.

BNIS Proteksi Pundi Rupiah I ready to launch

Irvin Avriano A.

BNIS Proteksi Pundi Rupiah I ready to launch

JAKARTA: PT BNI Asset Management will offer their new protected mutual fund namely BNIS Proteksi Rupiah Pundi I.

The plan indicated from a statement posted in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today, related to international securities identification number (ISIN code) given to the new securities.

Cahaya Buana Kemala issue $20 mio MTN

Irvin Avriano A.

Cahaya Buana Kemala issue $20 mio MTN

JAKARTA: PT Cahaya Buana Kemala issue 3 years medium term notes (MTN) US$20 million that burdened 12% coupon per year.

The announcement made in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in September 19th.

Such MTN will mature in October 5th 2014. The company hired PT Lautandhana Securindo as their fixed income securities issuance arranger.

Mandiri Investasi will launch Protected Smart 8

Irvin Avriano A.

Mandiri Investasi will launch Protected Smart 8

JAKARTA: PT Mandiri Manajemen Investasi will launch another capital protected fund, named Reksa Dana Mandiri Protected Smart Seri 8.

The announcement made in the Indonesia Central Securities Depository today, 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).

In the data, the company use PT Bank DBS Indonesia service as custody. Previously, Mandiri Investasi which led by Abiprayadi Riyanto pocketed another effective statement for their four similar new mutual fund on September 27th.

The funds that already pocketed effective statement namely Mandiri Saham Atraktif, Mandiri Saham Syariah Atraktif, Mandiri Komoditas Syariah Plus, and Mandiri Berimbang Syariah Aktif.

KFC Indonesia set 9.5% bond's coupon

Irvin Avriano A.

KFC Indonesia set 9.5% bond's coupon

JAKARTA: PT Fast Food Indonesia Tbk, holder of Kentucky Fried Chicken restaurant franchise brand in Indonesia, set their 5 years I/2011 bond coupon on 9.5% level per annum.

The decision is shows in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today. The IDR200 billion bond issuance is helped by PT OSK Nusadana Securities Indonesia as underwriters.

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.

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.

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).

Mansek's Kartika moved to IIF

BI/market

26/9/2011

Irvin Avriano A.

Bisnis Indonesia

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).

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).

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.

Schroder Dana Campuran Progresif launched

BI/market

22/9/2011

Irvin Avriano A.

Bisnis Indonesia

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.

Buana secure IDR100 bio loan from Panin

BI/market

16/9/2011

Irvin Avriano A.

Bisnis Indonesia

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).

Medali 2 seeks IDR100bio in year end

BI/market

15/9/2011

Irvin Avriano A.

Bisnis Indonesia

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.

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.

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.

Myoh announced IDR529 bio backdoor listing

BI/market

26/8/2011

Irvin Avriano A.

Bisnis Indonesia

Myoh announced IDR529 bio backdoor listing

JAKARTA: Hotels and restaurant software developer listed company PT Myoh Technology Tbk announced their plan to listing a company in the capital market without initial public offering (backdoor listing scheme) for their acquiring target namely PT Sims Jaya Kaltim.

In the prospectus of such corporate action, the scheme will use rights issue action that will disburse 1.26 bio new shares with nominal value IDR200 and execute price IDRR420 with total worth IDR529.51 bio.

The Dedet Yandrinal commandeered company also offered their investors to swap their preemptive rights (hak memesan efek terlebih dahulu/HMETD) into their 1 new shares.

Central Omega will issue IDR1.02 trio rights and warrant

BI/market

25/8/2011

Irvin Avriano A.

Bisnis Indonesia

Central Omega will issue IDR1.02 trio rights and warrant

JAKARTA: PT Central Omega Resources Tbk, mining listed company that used to be known as multifinance company called PT Duta Kirana Finance Tbk, will issue new securities worth IDR1.02 trillion by issuing a preemptive rights (hak memesan efek terlebih dahulu/HMETD) and warrant as its rights issue I/2011.

Central Omega information disclosure published in newspaper today showed the company, which shares coded as DKFT, will held rights issue worth IDR983.73 bio that will issue as much as 983.73 million new shares which have nominal value IDR500 and with execution price IDR1,000. Every 1 existing shareholder have a rights to keep 9 news shares that will be issued.

The company also will issue 36.42 mio warrant worth IDR45.54 bio as incentive to investors which execute his rights with portion every 27 rights for 1 warrant. As the result from the announcement, today their shares suspended again by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) for the second time after August 22nd.

Myoh shares movement become unusual

BI/market

25/8/2011
Irvin Avriano A.
Bisnis Indonesia

Myoh shares movement become unusual

JAKARTA: PT Myoh Technology Tbk shares' movement been categorized as unusual market activity (UMA) by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) because their strengthening movement judged not fair.

In an official announcement today, IDX President Director Ito Warsito said the bourse authority is look after the company's shares and its trading activities on the MYOH coded-shares.

"Because of it, investors are expected to pay attention to the company's response of information request by the bourse authority," said Ito in an announcement letter that been signed by himself, today.

Multistrada shares decline after offering canceled

BI/market

25/8/2011
Irvin Avriano A.
Bisnis Indonesia

Multistrada shares decline after offering canceled

JAKARTA: A car, motor, and commercial vehicle tire listed company PT Multistrada Arah Sarana Tbk's stock price corrected IDR10 in the stock market today after their shares offering canceled by the bidders.

Today, their shares decline 1.82% to IDR540 level after the bidding dispersed after South Korea-based Hankook Tire Co, Japan-based Yokohama Tire Corp, and private equity fund TPG Capital (formerly named Texas Pacific Group) can not reach a deal, related to low bid price that only stands on IDR500. The matter was reported bu Bisnis Indonesia newspaper this morning.

The price that been request is far lower than the initial majority shareholder has been expected namely PVP XVIII Pte Ltd and PT Central Sole Agency, at IDR800 level.

Bumi Resources allocated IDR3.9 trio to buyback

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia


Bumi Resources allocated IDR3.9 trio to buyback

JAKARTA: Bakrie Group coal miner giant listed company PT Bumi Resources Tbk allocated IDR3.9 trillion to buy back 780 million shares to lift its earnings per share, return on equity and expand access to finance.

The matter is exposed in the information disclosure yesterday, together with its extraordinary general meeting of shareholders (EGM) on September 26th.

"The funds reserved for shares buy back shares for a maximum period of 18 months since the EGM approval is obtained, is not more than IDR3.9 trillion," said Bumi Resources management led byAri Saptari Hoedaja in its announcement yesterday.

Adira issue another bond IDR1.5 trio

BI/market
24/8/2011
Irvin Avriano A.
Bisnis Indonesia

Adira issue another bond IDR1.5 trio

JAKARTA: PT Adira Dinamika Multi Finance Tbk, PT Bank Danamon Indonesia Tbk's subsidiary in financing industry, intend to issue another bond this year with minimum amountIDR1.5 trillion.

Based on a source knowing the matter, the company already picks four lead underwriters to handle the bond issuance. Namely PT CIMB Securities Indonesia, PT Mandiri Sekuritas, PT Standard Chartered Securities Indonesia, and PT Indo Premier Securities.

Adira Finance President Director Stanley Setia Atmadja affirms the info when confirmed yesterday. "We are currently exploring the possibility to issue in 4th quarter," said him.

Myoh into mining and coal sector

BI/market

23/8/2011
Irvin Avriano A.
Bisnis Indonesia

Myoh into mining and coal sector

JAKARTA: PT Myoh Technology Tbk, a hotel industry's information technology developer listed company, intend to change its main business into mining and coal in a way acquire US$2 million-capitalized PT Sims Jaya Kaltim.

The intention to buy the South Korean-based Samtan Co Ltd subsidiary is showed in the company's information disclosure yesterday. The data also showed Myoh fund to realize the plan is from the rights issue they already planned before.

But the disclosure do not contain any information related to amount of fund which intend to gathered or the acquisition value. Data showed in internet showed Samtan is a shareholder of PT Kideco Jaya Agung with 49% composition, which shared with PT Indika Energy Tbk.

Clipan Finance issue IDR1.08 trio rights and warrants

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia

Clipan Finance issue IDR1.08 trio rights and warrants

JAKARTA: PT Clipan Finance Indonesia Tbk, one of the Panin Group multi finance company owned by Mu'min Ali Gunawan, intends to held V/2011 rights issue and issuance of V/2011 warrants with total worth IDR1.08 trillion.

In the company announcement yesterday in the newspaper that shows the company's fund that will gathered on the rights issue and the warrants issuance action will be used for financing working capital.

Rights issue means the issue of new shares with pre-emptive rights, with a total of 1.17 billion new shares coded CFIN with IDR250 nominal and IDR500 price and with a target fund IDR585.74 billion.

BUMI will hand over BRMS

BI/market

11/8/2011

Irvin Avriano A.

Bisnis Indonesia

BUMI will hand over BRMS

JAKARTA: Giant coal emitters owned by Bakrie Family Group, PT Bumi Resources Tbk, declare their intentions to hand over shares of its subsidiary: PT Bumi Resources Minerals Tbk.

The matter was disclosed in their official letter to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) last night, related to their extraordinary general meeting of shareholders (EGM/RUPSLB)'s agenda.

Bumi Resources Director & Corporate Secretary Dileep Srivastava in the statement didn't explain more details about the disbursement, including the cause, the amount of shares that will sold, or the relation with the Vallar Plc (Bumi Plc) intention to take over Bumi Minerals.

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.

My Sassy Girl (2008): "That's why human being exist-to save each other from ourselves,"

"That's why human being exist-to save each other from ourselves," Elisha Cuthbert/Jordan.

My Sassy Girl (2008)

Director: Yann Samuell

Writers: Victor Levin (screenplay), Jae-young Kwak (earlier screenplay), and Ho-sik Kim (novel)

Cast: Elisha Cuthbert, Jesse Bradford

The story begins at the subway station, Charlie (Bradford) met drunk Jordan (Cuthbert) that call him as her 'darling' just right before she passed out, and then the silly-relationship started.

Jordan, which played as a demanding person, always command Charlie as her accomplice and partner to do annoying thing related to her sad times after breaking with her fiance, and somehow Charlie couldn't reject it.

But after all, its just a remake from South Korean version that claimed as all-time-biggest Korean comedy from its gross revenue, adapted from a true story posted in blog written by Ho-sik Kim called 'Yeopgijeogin geunyeo', later adapted into a novel.

Buana Finance pocketed IDR600 bio loan facility

BI/financial

Irvin Avriano A.

18/7/2011

Bisnis Indonesia

Buana Finance pocketed IDR600 bio loan facility

JAKARTA: PT Buana Finance Tbk pocketed syndicated loan facility worth IDR600 billion from five banks to covered up IDR2 trillion total financing target this year.

Buana Finance Director Antony Muljanto said the syndicate of the debt facility consist of PT Bank OCBC NISP Tbk, PT Bank Pembangunan Daerah Jabar Banten Tbk (BJB), and PT Bank Nasional Indonesia Tbk (BNI).

SMS Finance issue IDR50 bio MTN

BI/finance

29/6/2011

Irvin Avriano A.

Bisnis Indonesia

SMS Finance issue IDR50 bio MTN

JAKARTA: PT Sinar Mitra Sepadan Finance (SMS Finance) issue IDR50 billion I/2011/A medium term notes (MTN) last week, a start of their IDR200 bio MTN issuance program this year.

"Our MTN issuance will be done gradually," said SMS Finance President Director Rudyanto Somawihardjo to Bisnis a few days ago.

SAN Finance pocketed loan facility IDR225 bio

29/6/2011

Irvin Avriano A.

Bisnis Indonesia

SAN Finance pocketed loan facility IDR225 bio

JAKARTA: PT Surya Artha Nusantara Finance (SAN Finance), an Astra Group heavy equipment finance company, pocketed new loan facility worth IDR225 billion from PT Bank DKI, the Jakarta rural development bank.

"The type is a working capital loan, the tenures is 3 years," said SAN Finance Accounting and Finance Division Head Naga Sujady to Bisnis early this week.

Moody's: Philippine sovereign rating upgraded to Ba2

BI / financial
15/6/2011
Irvin Avriano A.
Bisnis Indonesia

Moody's: Philippine sovereign rating upgraded to Ba2

JAKARTA: Moody's Investors Service raised their ratings on foreign and local denominated Philippine government bonds level from Ba3 to Ba2. The rating outlook is stable.

"[One of] the key drivers for the decision are the progress made in fiscal consolidation by the new Aquino administration," said Moody's Assistant Vice President-Analyst, Christian de Guzman, in his ratings research this morning.

Lautandhana & Mahanusa launch two protected funds

13/6/2011

Irvin Avriano A.

Lautandhana & Mahanusa launch two protected funds

JAKARTA: PT Lautandhana Investment Management and PT Mahanusa Investment Management launch two new capital protected mutual fund, namely Lautandhana Proteksi IX and Mahanusa Dana Prestasi, respectively.

The matter was disclosed on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website, early this month. Lautandhana Investment commandeered by Ahmad Subagja, while Mahanusa Investment by Howard Chu.

Bank DKI bond & sub-debt issuance exact IDR750 bio

BI/financial

8/6/2011

Irvin Avriano A.

Bisnis Indonesia

Bank DKI bond & sub-debt issuance exact IDR750 bio

JAKARTA: PT Bank DKI set their conventional bond and subordinated (sub-debt) issuance on their exact initial plan as much as IDR750 billion, and didn't up-sized their issuance hence the demand is high.

One of the market participant said the arrangement also set their A tranche bond coupons tenured 3 years 9.25% with amount IDR125 bio, B tranche tenured 5 years 9.9% worth IDR325 bio, and II/2011 sub-debt 11% with amount IDR300 bio.

BCA Finance up-sized bond to IDR1.1 trio

BI/financial

8/6/2011

Irvin Avriano A.

Bisnis Indonesia

BCA Finance up-sized bond to IDR1.1 trio

JAKARTA: PT BCA Finance, a multi-finance company owned by PT Bank Central Asia Tbk (BCA), up-sized their IV/2011 bond issuance from initial target IDR1 trillion to IDR1.1 trio because a huge demand from investors.

The matters already rumored by one capital market player and in Fitch Ratings rating research published yesterday. The Fitch research pegged the AA-(idn) final rating for the processed bond issuance.

Harum Energy's shareholder sell IDR2.6 trio stake

28/5/2011

Irvin Avriano A.

Harum Energy's shareholder sell IDR2.6 trio stake

JAKARTA: International Financing Review Asia (IFR Asia) reported that a shareholder is offering 270 million shares of PT Harum Energy Tbk, a coal miner listed company, to raise around IDR2.6 trio or equal US$304 mio fund.

Deutsche Bank and Macquarie are claimed to be the transaction's joint bookrunners.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

28/5/2011

Irvin Avriano A.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

JAKARTA: International Financing Review Asia (IFR Asia) reported government of Malaysia already pick two local bank and two global bank as their sovereign global/US-dollar-denominated sukuk issuance arranger.

The banks namely CIMB, Maybank, Citigroup, and HSBC. The matter was announced on short and limited news published on May 25th.

Toto will inject capital to other company

26/5/2011

Irvin Avriano A.

Toto will inject capital to other company

JAKARTA: PT Surya Toto Indonesia Tbk, Japan-Indonesia joint venture sanitary wares manufacturer and seller, intend to invest in a company by capital injection mechanism.

Their intention reflect on information disclosed on their extraordinary general meeting of shareholder (EGM) agenda released this week. But the agenda didn't explain about the amount or the target company.

BSD change their business activities description

27/5/2011

Irvin Avriano A.

BSD change their business activities description

JAKARTA: PT Bumi Serpong Damai Tbk (BSD), a Sinarmas Group real estate and property developer listed company, intend to change their business activities description.

It was mentioned in their extraordinary general meeting of shareholders (EGM) agenda that published in the newspaper yesterday. The meeting will be held together with its annual general meeting of shareholders (AGM) on June 10th morning at Crowne Hotel, Jakarta.