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Nickel traders (1): Kyara Sukses Mandiri

We have seen fast growing number of nickel trading companies in the past few years alongside massive investment in domestic smelting capacities. Some big groups, including Indika Energy (INDY), have even entered the nickel ore trading business. There are some notable traders we identified recently.

Business

Nickel traders (1): Kyara Sukses Mandiri

We have seen fast growing number of nickel trading companies in the past few years alongside massive investment in domestic smelting capacities. Some big groups, including Indika Energy (INDY), have even entered the nickel ore trading business. There are some notable traders we identified recently.

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Asian Stocks Mostly Decline

Asian equity markets mostly fell on Thursday, taking cues from a weak lead on Wall Street as the bond market flashed growing recessionary risks, reflecting recent warnings from top US executives who flagged a possible recession...

Indonesia Consumer Morale Weakens

Indonesia’s consumer confidence declined to 119.1 in November 2022 from 120.3, amid a decline in the index of current income due to rises in fuel prices and decreasing in availability of jobs. Households’ sentiment...

Dollar Holds Up on Recession Fears

The dollar index held above 105 on Thursday, remaining up so far this week and benefiting from risk-off sentiment as renewed recession fears gripped financial markets. The greenback was also being supported by bets that the...

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Profiles

Jackson Tandiono and Nipress

The past few years have been difficult for PT Nipress Tbk (NIPS). Trading in the company's shares has been suspended since 2020. The company is now on the verge of being delisted. The company and its subsidiaries and its affiliated companies have to face several lawsuits on Suspension of Debt Payment (PKPU). In March 2020, a PKPU lawsuit against NIPS was granted. The company resolved the dispute amicably towards the end of 2020, but the situation did not last long. Starting the end of 2021, creditors had been filing lawsuits, seeking to cancel the peace agreement. Recently, we learned that the leader of the companies, Jackson Tandiono, had been named suspect by the police in an unidentified criminal case. What a mess.

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