WHAT IS HAPPENING IN INDONESIA (TIMES IN LOCAL/GMT)
(The inclusion of diary items does not necessarily mean that Reuters will cover the event)
- Indonesia's statistic agency (BPS) to announce CPI data for Feb and Jan trade data, 1100 (0400)
- Indonesia and Cyprus foreign ministers will hold a bilateral meeting following by a news conference, 0930 (0230)
PRESS DIGEST
- GOVT DELAYS PLAN TO LIMIT FUEL SUBSIDY
The government has decided to delay a plan to limit the fuel subsidy for private cars in greater Jakarta until July 1 from its earlier schedule in April, said Endah Murningtyas, deputy minister for natural resources and environment at the national development planning agency. (Bisnis Indonesia p.2 & Kontan p.1)
- BANK MEGA RECORDS 2010 PROFIT OF 1 TRLN RPH
Bank Indonesia reported lender PT Bank Mega recorded a 2010 net profit of 1 trillion rupiah ($113.36 million), up 60 percent from the previous year. The bank's president director, Johanes Bambang Kendarto, said it plans to open 75 new branches to add its current 325 branches across the country. (Bisnis Indonesia p.4)
- SAN FINANCE GETS $145 MLN LOAN FROM FOREIGN AND LOCAL BANKS
Finance company PT Surya Artha Nusantara Finance (SAN Finance) has garnered loans totaling $145 million from eight foreign and local banks, said Susilo Sudjono, the company's president director. (Bisnis Indonesia p.5)
- HD FINANCE PLANS FOR IPO IN Q2
Finance company PT HD Finance plans to float 30 percent of its enlarged capital through an initial public offering (IPO) in the second quarter of this year and expects to raise 100 billion rupiah, said Leonardi Suryajaya, the company's operational director. PT Makinta Securities will act as the company's underwriter. (Bisnis Indonesia p.5)
- DOMESTIC TYRE SALES IN JAN AT 4.49 MLN UNITS
Indonesia's Tyre Producer Association (APBI) reported domestic sales in January reached 4.49 million units, up 3.1 percent from 4.35 million units in December 2010. (Bisnis Indonesia p.9)
- ANTAM RECORDS 2010 NET PROFIT UP 175 PCT AT 1.66 TRLN RPH
Mining company PT Aneka Tambang (Antam) reported a 2010 net profit of 1.66 trillion rupiah ($188.18 million), up 175 percent from 604 billion rupiah in the previous year, as sales of ferronickel increased and prices rose, said President Director Alwin Syah Loebis. The firm recorded 2010 sales rose 29 percent to 18,254 tonnes with an average price of $10.12 per ton -- nearly 50 percent higher than 2009. (Bisnis Indonesia p.f1)
- TELKOM SEES 2010 REVENUES UP BETWEEN 2-4 PCT
State telecommunication firm PT Telekomunikasi Indonesia (Telkom) expects 2010 revenues will reach 65.89-67.18 trillion rupiah ($7.62 billion), up 2-4 percent from the previous year, said Rinaldi Firmansyah, the company's president director. (Bisnis Indonesia p.f1)
- BAKRIELAND TO SELL 8-HECTARE OF LAND WORTH UP TO $150 MLN
Property developer PT Bakrieland Development expects to raise $135-$150 million from selling 8-hectares of land in Rasuna Epicentrum, Jakarta, to PT Agung Podomoro Land , an executive said, adding that Agung Podomoro has appointed Deutsche Bank to seek funds to finance the acquisition. (Bisnis Indonesia p.f2)
- MATAHARI EXPECTS SALES OF 9 TRLN RPH FROM HYPERMART
Retail company PT Matahari Putra Prima expects 2011 sales of 9 trillion rupiah ($1.02 billion) from its unit Hypermart as it plans to open 17 new outlets that will mostly be built in the eastern part of Indonesia, said Meshvara Kanjaya, the company's director of merchandising and marketing. (Bisnis Indonesia p.f3)
- CENTRAL OMEGA TO RAISE 200 BLN RPH FROM RIGHTS ISSUE
Mining company PT Central Omega Resources plans to raise 200 billion rupiah ($22.67 million) through a rights issue that is scheduled to be completed in the first half of 2011, said Kiki Hamidjaja, the company's president director, adding that proceeds will be used to finance the mining operations of its unit PT Bumi Konaw Abadi that is expected to start in March. (Bisnis Indonesia p.f3 & Kontan p.4)
- JASA MARGA TO ACQUIRE 70 PCT IN SERANGAN-TANJONG BENOA TOLL ROAD
Toll road operator PT Jasa Marga plans to spend 1.8 trillion rupiah ($204.05 million) to acquire a 70 percent stake in the
11.5-kilometer Serangan
Tanjong Benoa toll road in Bali, said Frans Satyaki Sunito, the company's president director. (Bisnis Indonesia p.i1)
- HARUM ENERGY TO SPEND $30 MLN FOR 2011 CAPEX
Energy company PT Harum Energy plans to boost coal production this year to reach 10.5 million tonnes, up from 7.4 million tonnes in 2010, said Alexandra Mira, the company's corporate secretary, adding that it will spend $30 million on capital expenditure this year that will be used to fix and build road to transport coal. (Kontan p.3)
- MEGAPOLITAN TO BUILD NEW PROJECTS WORTH 801 BLN RPH
Property developer PT Megapolitan Development will spend 801 billion rupiah ($90.8 million) to build two apartments in Cinere and Karawaci and one housing compound in Sentul, Bogor, said Melani Lowas, the company's president director. (Kontan p.3)
- ENSEVAL TO RAISE 300,05 BLN RPH FROM RIGHTS ISSUE
Pharmaceutical trading company PT Enseval Putera Megatrading announced it plans a rights issue in March 2011 to raise 300.05 billion rupiah ($34.01 million) from selling 428.64 million shares, or 15.8 percent, of its enlarged capital at a price of 700 rupiah per share. (Kontan p.4)
- CHANDRA ASRI TO SPEND $1 BLN FOR EXPANSION
Petrochemical company PT Chandra Asri Petrochemical will spend $1 billion to expand its downstream business, said MS Hidayat, industry minister. (Investor Daily p.8)
- INDONESIA'S SOFT DRINK SALES IN 2011 EXPECTED TO REACH 18.9 BLN LITRES
The Indonesia's soft drink producer association (Asrim) expects 2011 sales will reach 18.9 billion litres, up 8 percent from 17.5 billion litres in 2010. (Investor Daily p.8)
- NNT SEES 2011 GOLD OUTPUT DOWN TO 110,000-140,000 OUNCES
Miner PT Newmont Nusa Tenggara (NNT), an Indonesian unit of Newmont Mining Corp, expects to produce 110,000-140,000 ounces of gold this year down from 364,000 ounces last year, said Kasan Mulyono, the company's manager for public relations. (Investor Daily p.9)
- SMELTING SEES 2011 COOPER OUTPUT AT 285,000 TONNES
Mining company PT Smelting expects to produce 285,000 tonnes of cooper this year, up from 277,000 tonnes last year, said Bouman Tiroi Situmoriang, the company's assistant manager for technical service. (Investor Daily p.9)
- GUDANG GARAM TO PAY INTERIM DIVIDEND OF 400 RPH PER SHARE
Cigarette producer PT Gudang Garam plans to pay an interim dividend of 769 Indonesian rupiah ($87.17 million), or 400 rupiah per share, in April 2011. The company recorded a third quarter net profit of 3 trillion rupiah in 2010, up 21.46 percent, from 2.47 trillion rupiah in 2009. (Investor Daily p.14)
- BNI SEES 2011 HOUSING CREDIT UP 30 PCT AT 15.73 TRLN RPH
Lender PT Bank Negara Indonesia (BNI) expects to distribute housing loans of 15.73 trillion rupiah ($1.78 billion), up 30 percent from 12.1 trillion rupiah in 2010, said Diah Sulianto, the bank's general manager for consumer. (Investor Daily p.21)
MARKET SNAPSHOT
* Asian stocks will probably rise on Tuesday, as upbeat comments from billionaire investor Warren Buffet and solid economic data nudged U.S. equities higher.
* Indonesia's market rose 0.78 percent on Monday with Bumi Resources leading market turnover, up 2.56 percent, and Bakrie Brothers seeing at the top volume, up 4.76 percent.
For prices see, for news see.
* Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher.
* Oil prices fell on Monday in volatile trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed investors to pause after Libya's turmoil sent prices to 2-1/2-year peaks last week.
* Malaysian palm oil fell 1.2 percent on Friday and marked its worst monthly loss in over a year as traders grew concerned that the spreading Middle East unrest may cloud global economic recovery.
----------------------MARKET SNAPSHOT @ 0020 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1327.22 0.56% 7.340 USD/JPY 81.91 0.13% 0.110
10-YR US TSY YLD 3.442 -
0.020SPOT GOLD 1409.25 -0.11% -1.600 US CRUDE 96.5 -0.48% -0.460 DOW JONES 12226.34 0.79% 95.89 ASIA ADRS 145.27 0.71% 1.02
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IN THE NEWS, REUTERS INDONESIA (Click on
Bulog: no rice import plans,stocks fine for 6-mth FA looks to FIFA for help in leadership saga Food prices in week Feb 25: chilli prices slide Angkasa Pura, S.Korea's Incheon sign airport deal Feb inflation seen at 7.12 pct y/y,rate up 25 bps ASEAN,China,S.Korea,Japan plan regional rice rsrv Pertamina says Mar gasoline imports at 5mln bbls
($1 = 8,821.500 Rupiah)
(Reporting by Rin Hindryati and Telly Nathalia) Keywords: INDONESIA FACTORS/ (telly.nathalia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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