JAKARTA, Sept 26 Following is a list of events
in Indonesia as well as news stories and press reports that may
influence financial markets.
- SOLO BOMBING LINKED TO AMBON VIOLENCE
Counter terrorism officials have linked Sunday's suicide bombing
at a church in Solo to a deadly clash in Ambon earlier this
month, said an officer with the police's counter terrorism squad
Densus 88 on anonymity condition. (Jakarta Globe P.A3)
- CLIPAN EXPECTS TO RAISE 1.35 TRLN RPH FROM RIGHT ISSUE, BONDS
Financing firm Clipan Finance plans a right issue and
bond issuance to raise a total of 1.35 trillion rupiah that aims
to meet its 2011 financing target of between 3.5-4 trillion
rupiah, said deputy director Dwi Janto. The firm has appointed
Evergreen Capital and Indo Premiere Securities to act
underwriter for its bond issuance scheduled to be done in
October. (Bisnis Indonesia p.6)
- PERTAMINA TO START RFCC CONSTRUCTION
State-owned oil and gas firm Pertamina would start the
construction of a residual fluid catalytic cracking (RFCC) in
Cilacap, Central Java, next week to boost production from the
refinery to 411,000 barrels oil per day (bopd), said the firm's
vice president for corporate communications Mochammad Harun. The
refinery unit valued at 8 trillion rupiah. (Jakarta Post P.13)
- LOTTE MART EXPECTS TO OWN 100 OUTLETS IN 2018
South Korean retail firm Lotte Mart sees number of
outlets will reach 100 units in 2018, up from current 24
outlets, said Kim young Gyoon, the company's director, adding
that it expects sales in 2012 will up 128 percent to $32 million
from 2011 target sales of $14 million. (Bisnis Indonesia p.10)
- SMARTFREN SAYS READY TO ISSUE 2.7 TRLN RPH IN CONVERTIBLE
Telecommunication firm Smartfrend Telecom plans to
issue convertible bonds worth 2.7 trillion rupiah next year,
aiming to finance working capital and its capital expenditure
said Antony Susilo, the company's finance director. (Bisnis
Indonesia p.m1 & Kontan p.3)
- CHANDRA ASRI H1 NET PROFIT UP 15 PCT
Petrochemical company Chandra Asri Petrochemical
reported a 15 percent rise in first-half net profit to $26.3
million as sales that were up 20 percent to $1.14 billion
compared with the same period last year, said the company's
president director Erwin Ciputra. (Bisnis Indonesia p.m1,
Investor Daily p.13 & Kontan p.4)
- CIKAMPEK-PALIMANAN TOLL ROAD TO BE COMPLETED IN 2012
Malaysian toll road operator Plus Expressways Berhard
said it expects to complete a 116-kilometer Cikampek-Palimanan
toll road worth 11.75 trillion rupiah in January 2012, said
Dato' Noorizah Hj Abd Hamid, the company's managing director.
(Investor Daily p.6)
- BNI CORPORATE LENDING REACHS 50 TRLN RPH
State lender Bank Negara Indonesia has disbursed 50
trillion rupiah of corporate loans that mainly distributed to
telecommunication firm, power plant company and toll road
developer said Rosadelima Dwi Mutiari, head of corporate banking
division. The firm expects 2011 total corporate loan will reach
70 trillion rupiah. (Investor Daily p.21)
- INDONESIA'S FURNITURE EXPORT EXPECTED TO DECLINE - ASSOC
Indonesia's furniture export is expected to decline following
crisis in Europe and the U.S. as this month exports were down 30
percent from last year, said Ambar Tjahjono, the chairman of
Indonesia's Furniture and Handicraft Industry Association
(Asmindo). The association earlier reported exports in the first
half were down 21 percent to $1.15 billion compared to last
year. (Kontan p.13)
* World stocks came off 14-month lows on Friday on
expectations policy-makers would take further action to ease the
euro zone debt crisis, while commodities fell broadly on worries
about a global economic slump.
* Indonesia's main stock index gained 1.7 percent on
Friday amid the grim outlook for the U.S. economy and worries
about Europe's debt.
For prices see <0#.JKSE>, for news see .
* U.S. stocks ended higher on Friday, stopping the bleeding
after a disastrous four days of selling marred by severe anxiety
over Europe's spiraling debt crisis and the Fed's dire warning
about the U.S. economy.
* Oil fell to six-week lows on Friday, as fresh concerns
about the euro zone added to the economic gloom that knocked as
much as 9 percent off prices this week.
* Vegetable oil futures tumbled on Friday as commodity
markets across the board went into freefall on prospects of a
global economic slowdown eroding commodity demand growth.
-----------------MARKET SNAPSHOT @ 0032 GMT-----------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1136.43 0.61% 6.870
USD/JPY 76.67 0.25% 0.190
10-YR US TSY YLD 1.8282 -- -0.002
SPOT GOLD 1656.19 -0.05% -0.840
US CRUDE CLc1 80.33 0.60% 0.480
DOW JONES 10771.48 0.35% 37.65
ASIA ADRS 111.57 1.39% 1.53
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IN THE NEWS, REUTERS INDONESIA (Click on
Indonesia president says to reshuffle cabinet
Freeport union plan not to continue mediation
Cbank will continue to intervene, buy bonds
Freeport union may extend strike beyond 1 month
Value-add mining deadline should be delayed-IMA
Cbank buys back 321 bln rph of govt bonds
Tin exports may fall 50 pct on price drop-assoc
Saratoga, Tiger buy Indonesia's Mandala Airlines
Explosion near church in Indonesia's Solo city
CNOOC cuts some oil output at offshore field
($1 = 8,780 rupiah)
(Reporting by Rieka Rahadiana & Rin Hindryati)