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ESDM Favoring PKP2B Extension?

The Ministry of Energy and Mineral Resources (ESDM) seems to be favoring the holders of the first generation Coal Contract of Work (PKP2B) with the fourth revision of the Government Regulation (PP) No. 23/2010 on Minerals and Coal Mining, i.e., PP 1/2017. The revised PP makes it possible for holders of PKP2B to extend their contract five years before expiry. This may keep state-owned PT Bukit Asam’s ambition at bay.

Business

ESDM Favoring PKP2B Extension?

The Ministry of Energy and Mineral Resources (ESDM) seems to be favoring the holders of the first generation Coal Contract of Work (PKP2B) with the fourth revision of the Government Regulation (PP) No. 23/2010 on Minerals and Coal Mining, i.e., PP 1/2017. The revised PP makes it possible for holders of PKP2B to extend their contract five years before expiry. This may keep state-owned PT Bukit Asam’s ambition at bay.

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Moody’s: Emerging Market Broadly Stable in 2019

Credit conditions for emerging markets in 2019 will probably be more challenging as global growth slows, financial market volatility continues, interest rates rise and trade protectionism and geopolitical tensions heighten, says...

Japan Trade Balance Shifts to Gap in October

Japan recorded a trade deficit of JPY 449 billion in October 2018 compared to a JPY 278.6 billion surplus in the same month a year ago, much worse than market expectations of a JPY 70 billion gap. Imports surged 19.9% (vs 7.0%...

Indonesia’s Debt Growth Slows

Indonesia’s external debt growth slowed at the end of Q3/2018, US$359.8 billion, consisting of government and central bank debt of US$179.2 billion, and private including state-owned enterprises debt amounting to US$180.6...

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Eagle High & Peter-Felda

November contracts of crude palm oil (CPO) fell to RM1,825 per ton on the Bursa Malaysia Derivatives Tuesday, while contracts for most part of 2019 were settled below RM2,300 per ton. This could extend pressure on palm oil producers, especially PT Eagle High Plantations (BWPT), a company co-owned by Peter Sondakh’s Rajawali Corpora and Malaysia’s Felda Group.

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