Author: yosefardi.com

The Threat from Self-Radicalization in Indonesia

On Monday (Dec. 15) Australians were shocked by a hostage-taking situation that took place at a cafe in Sydney, Australia. The hostage taker was identified as Man Haron Monis, a supposedly troubled, self-radicalized person with a deep history of violence. It was a tragedy that sparked a discussion on self-radicalization and its threat to national security. This led our thoughts closer to home as we began pondering about self-radicalization in Indonesia.

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Coal Journal: Bottoming Out?

Stocks of energy producers regained grounds worldwide Tuesday and this morning as WTI crude oil returned to above US$55 per barrel. Indonesian government’s decision to approve higher coal production for the sake of State revenues next year, however, might delay recovery of the commodity in the seaborne market.

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Palm Oil Journal: Output & Pricing

Weakening of soybean oil and crude oil might continue to drag down crude palm oil (CPO), which dropped around 2.5% Tuesday in the futures market. Lower output reported by Malaysian and Indonesian planters, however, might cap deeper corrections.

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Stock to Watch: Impack Pratama

Plastic and construction material producer PT Impack Pratama (IMPC) Tbk kicks off trading of its shares on Indonesia Stock Exchange (IDX) Wednesday (Dec 17). The Company starts the trading with market capitalization of Rp1.84 trillion, which could be the most valuable stock in the sector. Prospect?

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Repsol in Indonesia

Repsol, the Spanish giant, has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy Ltd for US$8.3 billion plus assumed debt of US$4.7 billion. The acquisition bolsters Repsol’s profile in Indonesian oil and gas industry.

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Images from the Jakarta Lantern Festival

The Jakarta Tourism Board held a Lanterns Festival over last weekend. The Lapangan Banteng park situated across the Borobudur Hotel was packed with visitors keen on taking their pictures between the thousands of colorful lanterns in the park. We went there to check on the event and was pleasantly surprised by the quality of music performance provided for the event. It was a truly exciting experience. We thoroughly enjoyed documenting the event. We hope that the City Government would continue holding such events in the future to add into Jakarta’s rich festival repertoire. Enjoy our pictures.

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Revisiting Pasar Santa

We featured Bambang Sugiarto, the head of Pasar Santa traditional market, several weeks ago to understand the trending traditional market. Since then, we’ve read even more reports about Pasar Santa, especially after the soon-to-be Vice Governor of Jakarta Djarot Syaiful Hidayat went to visit the traditional market. And so on Sunday (Dec. 14), we revisited Pasar Santa to check on things.

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Market Snapshots & Corporate Actions

Composite index of Indonesia Stock Exchange (IDX) collapsed 1.71% to 5020 this morning, dragged down by global sentiment, falling commodities, and profit taking in some blue chip stocks. Companies in this edition: Citra Marga, Waskita Karya, Sugih Energy, and Red Planet.

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