Coal Journal No. 13/2017: Petrosea & Darma Henwa

Thermal coal has been stabilizing around US$80 per ton in the past three months, supported by strong import by China, the world’s largest consumer, due to difficulties in restoring output at local mines. China Coal Energy Co Ltd, for example, saw its output declining...

Electricity Reliability & Natural Gas Projects

President Joko ‘Jokowi’ Widodo inaugurated eight gas-fired mobile power plants (PLTG MPP) with combined capacity of 500 MW late last week. This week, the first unit of Sarulla geothermal power plant enters commercial operation in North Sumatra with design capacity of...

Indika Energy (INDY): FY16 Results & Outlook

Indika Energy (INDY) booked net loss of US$67.59 million last year, expanded by 51.6% from 2015 due to falling sales revenues and squeezed margins. Unlike other coal miners and mining contractors, Indika reported a disappointing fourth quarter. Sales revenues dropped...

FY16 Results: Bumi Resources (BUMI) & BRMS

Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net profit of US$67.7 million last year against loss of US$1.93 billion in 2015. Bumi Resources Minerals (BRMS), meanwhile, posted net loss of US$315 million last year due to huge impairment of...

Delta Dunia (DOID): FY16 Results & Outlook

Delta Dunia Makmur (DOID), parent company of coal mining contractor BUMA, booked net profit of US$37 million last year against loss of US$8.31 million in 2015, thanks to significant improvement in the fourth quarter of 2016. In the quarter, DOID’s sales revenues...

Unilever Indonesia & The Ballooning Tax-Trademark Gap

PT Unilever Indonesia Tbk (UNVR) is among the most profitable units of worldwide consumer giant Unilever. With equity of Rp4.7 trillion only, UNVR generated net profit of Rp6.39 trillion last year, an increase of 9.2% from 2015. Other than huge dividend payments every...

Oil & Gas Investments Update (2)

President Joko ‘Jokowi’ Widodo has late last week inaugurated commercial operation of eight mobile gas-fired power plants with combined capacity of 500 MW. This will grow domestic consumption of natural gas. Without new gas fields, Indonesia’s import of natural gas...

Oil & Gas Investments Update (1)

WTI crude oil was traded below US$49 per barrel, while Brent below US$52 per barrel late last week. They represent 24% and 26% gain year-on-year respectively, which prompted some to boost investments in Indonesia’s oil and gas development and exploration. Improved...
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