The End for Central Steel Indonesia?

The legal counsel of PT Central Steel Indonesia (CSI) seemed to have failed to convince the shareholders to transfer their rights to the Company’s assets for the new investors. And so the new investors may withdraw their intention to invest, in which case the...

On Tehate Putra Tunggal’s PKPU

The period of Suspension of Debts Payments (PKPU) for PT Tehate Putra Tunggal and its subsidiary PT Trimaten Gemilang continues. The creditors recently agreed to giving 30 days of additional time for the Companies upon learning that they’re still responsible...

Banking Update: NPL Risk

The banking sector continues to face the potential of increasing non-performing loans (NPL) this year as lending under collectability 2 category grew. That saidm the NPL ratio would be maintained at maximum 3.5%. The increased NPL means the decline in lending quality....

South Sumatera’s 2018 Election: Battle of the Big Five

The Governor of South Sumatera Alex Noerdin, who is also the chairman of Golkar Party’s South Sumatera chapter, is not able to seek re-election for having serve two terms. And so we may see many gubernatorial pair participating in the resource-rich province’s...

Masela Block: Gas-to-Chemicals

Inpex/Shell consortium has submitted new proposal for the development of Masela Block in Maluku province. The government, however, has yet to make any decision, pending clarity surrounding gas-based petrochemical projects. While annual gas output is agreed at 10.5...

Positive Outlook on the Economy

The Central Bank (Bank Indonesia/BI) said on Tuesday (Mar 7) that the higher official reserves assets position by end of February (US$119.9 billion) were able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic...

Speculations Surrounding Freeport

Shares of Freeport McMoRan ended lower by 1.63% to US$12.69 in New York Tuesday (Mar 7) on broad market correction of mining stocks. Aluminium giant Alcoa also lost 3% in New York, while Glencore Plc fell almost 2% earlier in London as metals lost ground. Dr Copper,...

Coal Journal No. 10/2017: Further Corrections?

The government has set reference price of Indonesian thermal coal, otherwise known as HBA, at US$81.9 per ton for March 2017. The HBA refers to coal with calorific value of 6322 Kcal/Kg GAR, and an FOB vessel price. The March HBA is 1.7% lower than February, but...

Adaro Energy: FY16 Results & Outlook

Higher average price of thermal coal in fourth quarter 2016 lifted performance of Indonesian producers. Adaro Energy (ADRO), second largest coal group, booked net profit of US$334.62 million last year, skyrocketed by 119.5% from 2015. With earning per share of Rp139,...
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