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 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 MoreIn less than eight years, Djava Energy has emerged as one of the biggest player in the Indonesia’s oil and gas business. Petromine Energy Trading, one of its subsidiaries, booked revenue above US$120 million last year from oil trading alone, a growth more than 100% from 2005. Liberalization of downstream oil and gas market has also placed the company as an important player thanks to its relationship with Petronas. Who are the people behind it?
Read MoreTata Power is raising up to US$1.2 billion in the market to finance its acquisition of 30% shares in PT Kaltim Prima Coal, PT Arutmin Indonesia, Indocoal, Indokalsel, and Indokaltim. Meanwhile Bumi Resources would issue US$300...
Read MoreInvestors are expected to submit their final bids to acquire 30% shares of PT Kaltim Prima Coal & PT Arutmin Indonesia, both are subsidiaries of PT Bumi Resources Tbk, on February 28. Mitsubishi, Tata, and BHP are believed...
Read MorePlatinum Energy (US) and Inizio (Malaysia) have joined the biofuel frenzy with their respective plans to build factories in South Sumatra with combined investment of USD80 million, Kompas reported. Good thing, they’ll...
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