Modernland Realty (MDLN) is one of top gainers on Indonesia Stock Exchange (IDX) this year. The stock has gained 125% year-to-date to make a market capitalization of Rp3.38 trillion. The company has just released its first half...
Read MoreSumitomo Corporation CEO Susumu Kato has just paid a courtesy call to President SBY at the State Palace Tuesday (Feb 7). Susumu pledges about US$10 billion of new investments in various sectors in the country, ranging from...
Read MoreNickel eased off 0.85% to US$21,510 per ton Tuesday (Feb 7). The commodity, however, has gained 15% year-to-date. Chinese demand for the commodity might ease off in the coming years, but that’s not stopping major business...
Read MoreIn late 2010, PT Billy Indonesia and Jilin Horoc Non-Ferrous Metal Group from China signed a memorandum of understanding in Kendari, South East Sulawesi province, to build a US$1.9 billion nickel smelting facility in the...
Read MoreSugar is a growing business in Indonesia, especially with influx of major investments in food industry and higher per capita consumption. PT Tunas Baru Lampung (TBLA) Tbk has kicked off a major investment in the sugar business....
Read MoreIn June 2011, we published an article titled: Nazaruddin & Garuda-KS IPO. We basically reported of huge amount of investment made by Muhammad Nazaruddin, graft suspect and former treasurer of Demokrat Party, in Garuda...
Read MoreMuhammad Nazaruddin, former treasurer of President SBY’s Demokrat Party, has previously been linked to ‘coal supply deal’ with state-owned electricity firm PLN. Nazaruddin is not alone. We have a long list of...
Read MoreIn July 2011, Bayan Resources (BYAN) was a US$9 billion company. Last week, its ‘market value’ dropped to US$4.2 billion. With less than 25,000 stocks traded daily in the past three months, the price might not be the...
Read MoreNymex crude oil has recovered to above US$88 per barrel, but coal prices, both thermal and coking, continue the correction. Reports from coal producers overseas might be useful to understand the dynamics. In this report: (1)...
Read MoreFalling prices of commodities have hit both mining and plantation shares in recent weeks. Some miners have been obliged to pay 20% export duty. Today, president SBY announced new policy measure: vehicles operated by plantation...
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