As predicted, government has yet to prepare supporting mechanism for the development of biofuel, especially to boost domestic sales. In the meantime, increasing CPO price in the last few months will cut significantly the margin...
Read MorePT Bentoel International Investama Tbk is looking for financing possibilities, including bond issuance, to finance its expansion projects. “We’re exercising several options to get low-cost source of funds. Bond is...
Read MoreLeaders should make decisions and be accountable for them. That’s what the country missed and desperately needed. The newly appointed state-owned enterprises minister Sofyan Djalil seems to realize that. In his second day...
Read MoreStraits Asia Resources Ltd has appointed Rizal Ramli (former coordinating minister for the economy under Abdurrahman Wahid administration) as its CEO for Indonesia operation called PT Indo Straits. The group is already one of...
Read MoreMarket has talked about acquisition of plantation company PT PP London Sumatera Tbk by various groups since last year but none of them materialized. Three months ago, the company formally denied that it’s being targeted by...
Read MorePT Barito Pacific Timber Tbk has announced its plans to develop resources-based businesses. While no details provided, the group’s majority owner control has some significant coal assets in Kalimantan. Actually it’s...
Read MoreTwo-and-a-half years in office the outgoing state-owned enterprises minister Sugiharto scored only one ‘privatization’ decision, the divestment of 5% shares of PGN late last year despite his repeated statements to...
Read MoreThe biggest surprise of the recent cabinet reshuffle is the promotion of Hendarman Supandji as Attorney General replacing Abdurrahman Saleh. Saleh was shocked and reportedly cried out when he heard the news. Mr Saleh told the...
Read MorePT Energi Mega Persada Tbk is exercising fund raising activity to refinance Merrill Lynch loans and a possible acquisition of new oil and gas fields, people close to the company said. “Energi is working on the refinancing...
Read MorePresident SBY had announced the cabinet reshuffle on Monday. Pretty much as predicted, except the home affairs and defense ministry. The decision has long-term impact, especially the upcoming 2009 election which is not too far...
Read More