The dispute between the PT Newmont Nusa Tenggara with the Indonesian government in the International Arbitration Court officially ended. Newmont through its parent company - Newmont Mining Corporation - has revoked the lawsuit. This revocation was announced through the official website of Newmont Mining Corporation on Wednesday, August 27th 2014 (Kontan)
PT Bakrieland Development Tbk (ELTY, USD 50) claimed to have received interest on convertible bonds issued by PT Madison Global. The interest should be paid on August 7, 2014, PT Madison Global as an affiliated parties has not received payment to date. (Kontan)
The potential rise in interest rates of Federal Reserve (The Fed) in coming year believed would trigger an increase in the BI Rate by 50 bps to a level of 8%. However, a number of the optimistic performance of national banks in 2015 will be better than this year. (Bisnis Indonesia)
Once exposed to the suspension over a significant increase, the authority Indonesia Stock Exchange (IDX) opened padlock stock trading PT ICTSI Jasa Prima Tbk (KARW, Rp 215) Wednesday, 27 August 2014. According to official information from IDX, transactions for KARW stock re-opened as of the first trading session today. Shares of the company closed down -9.66% today. (Kontan)
PT Smartfren Telecom Tbk (FREN, RP70) prepared to pay interest on bonds worth IDR 12.06 billion. The bonds worth IDR 675 billion. FREN provide 12.375% fixed interest per year. The bond matures on March 15, 2012. (Kontan)
for Indonesia Market Summaries 27 August 2014
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