The benchmark February 2017 contracts of crude palm oil (CPO) advanced RM27 to RM3031 per ton Friday (Nov 25), the highest level not seen in the more than two years. WTI and Brent crude, meanwhile, lost 4.19% and 3.92% respectively. Gold inched up 0.18%, but lost 6.6% in the past month.
Read MoreThe country has been waiting nearly 30 years to connect its largest airport to the city center. Optimism grows this time around with significant progress of land acquisition in the past few months. The country will also see its first light-rail transit (LRT) next year, three months ahead of initial schedule. The first mass-rapid transit (LRT) will follow in 2018 after 30 years of talk.
Read MoreAfter nearly one whole month of the so-called ‘political and national consolidation’, President Joko ‘Jokowi’ Widodo returned to his routine. He is scheduled to campaign the tax amnesty program in Makassar, South Sulawesi province Friday (Nov 25) night. Earlier on Thursday, finance minister Sri Mulyani Indrawati invited lawyers and notaries as part of the nationwide campaign to boost tax ratio.
Read MoreConcerns about capital outflow, Fed rate hike, and strengthening of USD do not stop efforts from Indonesian companies to raise funds from both equity and bonds market. PT Bintang Oto Global Tbk, PT Adhi Persada Gedung Tbk, and PT Freeport Indonesia are on their way to raise funds from equity market.
Read MoreWe’re all anticipating the upcoming leadership change at the House of Representatives (DPR) from Ade “Akom” Komarudin to his party colleague Setya Novanto, who is now the Chairman of Golkar Party and the possibility of Djan Faridz to take over the leadership of PPP from Romahurmuziy. In the meantime, the Jakarta Police Office has on Wednesday (Nov. 23) named Buni Yani in libelous and instigation case related to SARA (ethnic, race, religious) issue. While the Central Jakarta District Court sentenced Setiyardi Budiono, the former Deputy of President SBY’s Special Staff, to 8 months in jail after found guilty in the case of Obor Rakyat slanderous tabloid. The Corruption Eradication Commission (KPK) and Jokowi’s illegal levies eradication task force (Saber Pungli) also move with their actions. What does all these mean?
Read MorePT Binamitra Sumberarta, a subsidiary of PT Delta Ultima Coal (Delta Coal) faced their period of Suspension of Debts Payment (PKPU) since August 2016 due to lawsuit filed by two of its business partners, namely PT RPP Contractors Indonesia (RCI) and PT Uletbulu Mining. But after three months of negotiation, the creditors cannot find agreement with the Company on the best way to resolve the disputes. Therefore, the Company is finally declared bankrupt by the Panel of Judges since November 21, 2016.
Read MorePT Adhi Karya Tbk (ADHI), a state-owned EPC firm, has been granted around Rp750 billion worth of structure, architecture, and MEP contract from PT Properti Bali Benoa for the construction of Samana hotel and resort in Benoa Bay, Bali Island. Adhi Karya is given 510 days to accomplish the works.
Read MoreNatural rubber advanced 3.2% to 236.8 yen per Kg in Tokyo Thursday, Nov 24, the highest level since June 2015. This is one of the best performing commodities with 32% gain in the past few weeks, according to data from tradingeconomics.com. Further rally and implications?
Read MoreCoal mining contractor Darma Henwa (DEWA) has set a more ambitious operational and financial targets for 2017. Sales revenue, for example, is projected to almost double to US$519 million, while gross profit would skyrocket to US$54 million from an estimated of US$15.9 million this year. Will these impress market participants?
Read MoreLooks like that PT Tanto Intim Line, one of the largest shipping companies in Indonesia, continues to grow. This week, we saw advertisements in national media from its business partners, congratulating the group’s new office at Jl Yos Sudarso, North Jakarta. Tanto Intim is known based in Surabaya, East Java.
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