PT Benakat Petroleum is an energy company in Indonesia with a focus on increasing value through upstream oil and gas development and mining of various commodities coupled with engineering services, procurement and construction (EPC).

Benakat management along with managing underwriters emission shares have agreed to offer as much as 11.5 billion of new shares to the public offering price range of USD 120-USD 140 per share, in which for all the issued shares of warrants attached to as many as 6.5 billion in warrants.

Thus, the target acquisition IPO funds will be obtained a minimum of Rp 1 trillion for the ownership share of 38.34 percent. PT Danatama Makmur acting as underwriters managing the stock of emissions with the full capability of the entire issued shares. If the excess demand, then the party examine the possibility of removing Benakat additional same again.

According to President Director Benakat Wiguna Arifin, in a press conference on Wednesday (27 / 1), the Jak arta, income from the sale of fund shares and warrants will be used for investment and working capital, among others for the construction of oil and gas production facilities, coal, and stone manganese. The fund is also for the purchase of supporting equipment pr oduksi, and maximize return on the invested value.

Due Dilligence Meeting (DDM) and the public exposure made with Danatama Benakat as part of the initial offering period in the process of IPO shares, which performed to explore the initial interest from prospective investors both retail and institutional want any prospective underwriter of shares. Initial bidding process lasted from January 19 until January 28, 2010, with a target stock listing on the Stock Exchange is planned for Indonesia February 11, 2010.

We are optimistic Benakat IPO will get a positive response from various groups of investors both domestic and international. This can be seen from the positive response we got during the roadshows in several countries including Singapore and Hong Kong we have done, said Steffen Fang, Vice President of Investment Banking of PT Danatama Makmur.

Steffen added that oil and gas sector is believed to still be a prima donna and the mainstay of investment and has a bright prospect in line with national economic growth is conducive. This will encourage companies to get a regular cash flow and be one of the attractions for potential investors.

One of the maximum potential energy sources affiliated companies owned by PT Western Petroleum Benakat who has been working with PT Pertamina EP through cooperation contract to manage operations ar ea Benakat oil field operations West, Prabumulih, South Sumatra Province, the oil production areas of oil field operations West Benakat current average of 2000 barrels per day which will be increased to be 4000 barrels per day by the end of 2010.

Vice President Director Benakat M Suluhuddin Noor, said, since the takeover of management of the operating area of the West Benakat by BBP, BBP has increased production from the 77 existing production wells, from about 1,500 barrels of oil per day to about 2,000 barrels of oil per day within 6 months. Based on its development plan, PT BBP estimates of oil production more than 25 million barrels for a period of 15 years.

Roadshow program to Hong Kong and Singapore, there are two prominent investment firms that have expressed interest in the shares of PT PP, namely Fidelity and Pheim Asset Management. “This has become a strong indication of confidence among foreign investors on the performance and company performance to the front, where for the foreign investors will be allocated about 20 percent of total emissions,” said Iman Rachman.

In addition to foreign investors, domestic investors are also interested in the shares of PT PP. PT Jamsostek is one who has expressed interest in buying the confirmation of PT PP.

PT PP has received an effective statement from Bapepam do an IPO on January 29, 2010. The Company started the bidding held on February 13, 2010 and continued with the recording of prime stock on 9 February 2010.

With the stock offering price of Rp 560 per share, PT PP would reap about 581 billion from the IPO. To launch an IPO programs, PT PP pointed 3 securities companies, namely PT Mandiri Securities, PT Danareksa Securities, and Indonesia DBS Vickers Securities.

The fund company will be obtained will be used for investment in energy sector, construction and property, and strengthen corporate working capital.

PT PP get a new contract worth USD 6 trillion in 2009 and the company also noted the carry over in 2010 about Rp 4 trillion. Corporate income in 2007 was Rp 3.2 trillion, in 2008 increased to $ 3, 9 trillion, and in the year 2009 is estimated to reach Rp 4.2 trillion. The net profit in 2007 was Rp 92.98 billion, in 2008 amounted to Rp 121.61 billion, and the year 2009 estimated at about Rp 163 billion.

Building projects to be the largest revenue contributor of PP in 2008, which is as much as 73.72 percent. The next work of roads and bridges as much as 10.44 percent, 5.39 percent of irrigation, and the port as much as 5.06 percent.

At 09.34, Composite Stock Price Index rose the first session, or 0.48 percent of 12.28 points to 2590.69. Miscellaneous trade and industry to support the index rate at the beginning of this trade.

JCI yesterday slipped 0.75 percent to 2578.42 position. According to Panin Securities research analyst, Purwoko Sartono, China plans to tighten the distribution of credit to negative sentiment for the regional exchanges in trade yesterday. Investors worried that the policy will affect the shrinking of liquidity from the market for the short term. “However, we estimate the impact of this policy did not last long,” he said.

He mentioned, in the middle of selling pressure on shares of superior, he saw an opportunity to do selective buy the stocks that have entered the oversold area. In addition, he continued, the national economic outlook is brighter still a magnet for investors / foreign funds to enter Indonesia.

“The technical, we expect the index will test support level of 2553-2566. While the resistance is in the range of 2600-2617,” he said.

For the investment portfolio will be relatively high growth does not differ greatly with the year 2009. However, for direct investment, although the election has passed, the global economic situation in the country and still be vulnerable in 2010, “said Hendri Saparini Econit economist, in a book Econit Economic Outlook 2010 Legal quoted, in Jakarta, Saturday (16/1/2010 ).

On the other hand, already since the last five years there was no significant improvement in the investment climate so that the predicted foreign investors would return choose to hold direct investment. Last year foreign investment (FDI) it will experience negative growth of 28 percent while domestic investment (PMDN) will remain positive.

“2010 investment barriers are quite a lot. In addition to infrastructure facilities are not adequate, nor the existence of legal certainty and corruption that resulted in a high cost economy, “he added.

Entering the year 2010, the government of SBY very confident, that positive growth is the government’s achievements in managing the economy. So that will be a big capital to promote economic growth in 2010. Even the mention of economic growth in 2010 is not only encouraged but also private consumption growth of investment.

Thus, optimism for the targets will be achieved based on the strategy of ministers in the United Indonesia Cabinet II to eliminate the problem of investment barriers in Indonesia.

It is said BI Senior Deputy Governor Miranda Goeltom, during a press conference at the Treasury Building, Jakarta, Thursday (9/10/2008).

“As stated in various occasions, BI see the economic conditions currently experienced by Indonesia, which is still better than some countries already experiencing a recession,” he said.

However, liquidity remains necessary, so that in carrying out activities that are risky banks can still run.

In addition, BI will be to socialize the banks of the rules agreed upon Indonesian Institute of Accountants, need not be related to mark-to-market for all securities dimiilki banks.

“That means that will help banks in managing liquidity or financial portfolio,” he concluded.

This publication is divided into two series, namely Series A for a period of three years with an indication of interest between 12,5-13 percent. The second series of Series B for a period of five years with an indication of interest between 13-13,5 percent.

Thus expressed Managing Director of PT Bhakti Securities Vishnu A Handoyo, when public expose and due diligence meetings “Bid Bond PT Bhakti Securities I-2008,” at the Auditorium Menara Kebon Sirih, Jakarta, Friday (18/4/2008).

Both series of bonds would give the coupon with fixed interest and paid quarterly.

Meanwhile, the determination of certainty on the interest coupon bonds and the amount of supply of each series will be determined after the book-building process is complete.

The plan, obtained funding from the public offering of bonds, after deducting the cost of emissions will be used entirely by the company to improve corporate working capital. “The allocations of 50 percent will be used for working capital facilities,” said Vishnu.

Details, to the financing transactions by 40 percent margin, the development of branch offices with the addition of new branch offices, beginning in 2008 until onwards by five percent, the development of IT to support the implementation of an online securities trading for five percent.

Other allocations, ie 55 per cent is used for investment securities portfolio. “Sources of funding from pure bond because learning from experience in 1998 where there is turbulence. In that year, we get a discount on stocks and bonds. Shares that terdiskon, we buy. The bonds are expected to be such a problem,” said Vishnu.

Arabian Business, the business journal Uni Arab Emirates (UAE), released the Arabian Business Rich List. Was mentioned in this release, Prince Al-Waleed who led the company Kingdom Holding Company (KHC) was ranked first in the last six years in a row. Previously, the economic magazine Forbes earlier this year put Prince Al-Waleed on the order of the 22 richest people in the world. As quoted in Arabian Business, despite the global economic crisis, Al-Waleed was still able to increase the wealth of one billion U.S. dollars.

Mentioned, the value of KHC corporate income declined slightly compared to the same period the previous year but up deposits and some assets other Al-Waleed is significantly increased. According to the report, the wealth of Prince Al-Waleed also includes a number of companies outside the KHC which last year recorded profits USD560 million. In addition, property income recorded $ 3, 18 billion and some other assets obtained USD1, 7 billion. Arabian Business reports, Prince Al-Waleed has transportation assets worth 822 million dollars, including the world’s first private aircraft, superjumbo A380, nicknamed “Flying Palace”.

Wealth Prince Al-Waleed also includes a collection of diamonds, investment in sea ports of France, and the planting of investment in some countries. The journal was mentioned, the amount of wealth that has confirmed the prince’s private office in Riyad. Time magazine dubbed the prince’s birth in 1955 Riyad as “Arab Warren Buffett”. Warren Edward Buffett was listed as the richest American. Meanwhile, the second ranking person in the Arab richest is Sheikh Mohammed bin Issa Al Jabber which is a citizen of Saudi Arabia which has travel and tourism businesses.

Then Maan Al Sanea, owner Saad family business groups, not in order of richest people because entangled bond debt earlier this year. The position of Al Sanea replaced retailers from Kuwait, Nasser Al-Kharafi, who is ranked third richest man in Arabic with a wealth reaches USD9, 4 billion. Country of origin followed by the Saudi businessman, Mohammed Al Amoudi, with a net worth $ 8, 8 billion in the fourth position. Who was Al-Waleed? Riyad-born man who is the son of the founder of the Kingdom of Saudi Arabia Abdulaziz Al-Saud and the Queen Mona el-Solhn. Al-Waleed was known as the Kingdom of Saudi leaders far from the hurly-burly of political power Saudi Arabia.

He did not rely on the influence of power in business development. Many who value wealth was far from the touch of power. Amazingly, Al Waleed also often critique the traditional authority of Saudi Arabia to reform the political joints countries. The change was so fundamental, said Al Waleed, because the political elements of Saudi Arabia quite fragile and the reluctance to change. In the economic field, Al-Waleed criticize the government-owned oil company of Saudi Arabia, Saudi Aramco. Al-Waleed was also criticized the economic foundation of Saudi Arabia for more depend on natural resources.

Prince Al-Waleed was mentioned as a “bridge” between the Muslim world with the western world through the spread of investment in various parts of the world. Prince Al-Waleed is not only pro-American, but he also pro-Israel. Al-Waleed began investing since graduating Menlo College in California in 1979. Early on he had to borrow money from the Saudi American Bank for USD300.000 and began building his business Citicorp.

Menggurita more business to acquire several companies, including AOL, Apple Computer Inc., Worldcom, Motorola Inc., News Corporation.

As quoted by Reuters on Friday (29/1/2010) sentiment brought the Dow Jones index fell 115.7 points or 1.1 percent to the equivalent 10,120.46. Meanwhile, the S & P 500 fell 12.97 points, or equal to 1.2 percent) to 1084.53 and the Nasdaq index fell 42.41 points, or 1.9 per cent equivalent to position 2179.

Meanwhile, two other technology sector companies, namely Amazon.com Inc. and Microsoft Corp. recorded a revenue increase. Attenuation that occurred in the United States stock trading yesterday in a statement that also caused no concerns no longer necessary for British banking system because it has a low risk.

“Some investors continue to look for news headlines blaring in the media. Last week one of the triggers the U.S. banking sector reform and China,” said analyst Jonathan Meridian Equity Partners Corpina.

The statement added it fears will increase the amount of debt on countries like Greece and will trigger a strengthening U.S. dollar. It also will push commodity prices and the impact on the stock material sector. U.S. political atmosphere heats up enough the last few days also added to negative sentiment on the stock trading floor.

President Barack Obama’s plan to tighten banking sector policies and tighten the speculative trading of giant financial institutions still haunts trading Thursday.

However, signs of economic recovery is in sight, this year the island was possible the country able to print 6 per cent growth.

The signs of recovery was also seen in the growth of GDP (Gross Domestic Product) in the second quarter, or the first time in 2009 indicates this is a positive number. Exports, manufacturing, property and sales prices also increased. Stock prices also soared 90 percent since being in the low position in March.

Improved economic conditions also have an impact on the increasing wealth of the country’s businessmen snapper. The total wealth of 40 employers that reaches the land snapper $ 39 billion or up 20 percent from last year worth $ 32 billion.

Ng Teng Fong noted a number of wealthy people in Singapore, with total wealth reached $ 8 billion or an increase of not less than $ 1 billion compared to last year.

Ranked third place Kuok Khoon Hong’s with a total wealth of $ 3, 5 billion, compared to last year soared to reach $ 2, 2 billion, fueled by rising stock prices of palm oil company Wilmar International, which reaches 70 percent.

Here’s 10 richest people in Singapore by Forbes Magazine:

1. Ng Teng Fong, worth $ 8 billion
2. Khoo Family, fortune $ 5, 5 billion
3. Kuok Khoon Hong, wealth $ 3, 5 billion
4. Kwee Brothers, wealth $ 3, 2 billion
5. Wee Cho Yaw, wealth $ 3, 1 billion
6. Zhong Sheng Jian, worth $ 2 billion
7. Peter Lim, worth $ 1, 5 billion
8. Kwek Leng Beng, worth $ 1, 2 billion
9. Lee Seng Wee%2

MNC accused had taken over Tutut shareholding in PT Televisi Pendidikan Indonesia unilaterally owned.

“Because there are oddities as takeover TPI by the defendant,” said Mbak Tutut’s attorney, Harry ponto before a civil trial in District Court, Central Jakarta, Jl Gajah Mada, Tuesday (2/2/2010).

According to the ponto, the singularity can be traced far backward, for example when a new management the results of March 17, 2005 EGM Sisminbakum rejected. Rejection was marked by a Sisminbakum notary not accessible.

At the same time, also held by PT EGM BKB game. The results, reported directly to Sisminbakum and accepted online. “It’s weird. Like there was something. Notarial we can not connect, turn BKB how come,” added ponto.

As a result, Human Rights recognizes Depkum TPI ownership in the hands BKB than Mbak Tutut. Consequently, Mbak Tutut lost nearly 75 percent of its shares. With this lawsuit, the court may ponto hoping TPI management to restore the status quo, ie the results March 17 EGM.

“Our claim to be returned to the status quo. It also claims the material and immaterial 1.4 trillion USD 2 trillion,” he said.

Faced with the lawsuit, PT BKB states unperturbed. Because, according to Andi’s attorney Simangunsong, PT BKB was never against the law. “No single act against the law,” said legal counsel PT BKB, Andi Simangunsong.