Category: News Group

American miner, Freeport-McMoRan Inc., (NYSE: FCX) aimed to expand its existing copper smelter at Gresik, East Java by 30 percent, said the company yesterday. The company also wants to adding a precious metals refinery in place...

Oil prices have been stuck near $40 a barrel since June as the outlook for oil demand was clouded by the reimposition of mobility curbs. Putting more downward pressure on prices was the resumption of Libyan oil exports as...

Foreign direct investment into Indonesia rose 1.1% year-on-year to Rp106.1 trillion in the September quarter of 2020, the biggest amount in 1-1/2 years, and the first increase in three quarters, after a 6.9% shrink in the...

Shares rose in Asia on Wednesday as optimism about US stimulus lifted market sentiment. House Speaker Nancy Pelosi have been expressing hope that a deal could be made between top Democrats and the White House to help nurse the...

Oil prices were down on Wednesday after industry data showed US crude inventories unexpectedly rose, adding concerns about a global supply glut amid a surge in global COVID-19 infections. Crude stockpiles rose by 584,000 barrels...

Japanese Prime Minister, Yoshihide Suga, his government will provide a low-interest loans worth of JPY50 billion (US$474.15 million) to support Indonesia to strengthening the disaster mitigation capacity during the pandemic....

Oil futures edged down on Tuesday, with US crude prices hovering below $41 a barrel as hopes for a smooth recovery in fuel demand faded with the reimposition of mobility curbs in many countries around the world. On the supply...

The Baltic Dry Index fell for the ninth session to 1,409 on Monday, the lowest since September 22nd and extending a 22% plunge in the previous week, dragged down by lower rates for capesize and panamax vessels. The capesize...

In the midst of pandemic and large-scale social restrictions (PSBB), the association of auto producers (GAIKINDO) reported, the national auto sales reached 43,362 units in September or up 15.2% from the prior month. On the...

Gold price failed to hold $1,900 level as hopes of Congress and the White House reaching a deal on further economic aid have faded after US treasury Secretary Steve Mnuchin noted that an agreement is unlikely to happen before...

The People’s Bank of China (PBoC) injected a CNY 500 billion one-year medium-term lending facility (MLF) operation and kept the rate unchanged at 2.95 percent on October 15th 2020 for the sixth straight month. The central...

Indonesia posted a trade surplus of US$2.44 billion in September 2020, swinging from a US$0.2 billion gap in the same month of the previous year. This was the fifth straight month of surplus in trade balance, mainly due to a...