|
|
Market Snapshots
Asian stocks opened mostly lower this morning to tracking downfalls in Wall Street last night. KOSPI composite down 1.22%, while Singapore's STI lost 1.1% in the opening hour. Resources stocks were mostly under pressure in the region despite a relatively stable prices of CPO and Nymex crude oil in recent weeks. ,Last Updated ( Thu, 20 Jun 2013)
| |
| Aftermath of Fuel Politics: a Cabinet Reshuffle?
There is no such thing as a free lunch in politics. Golkar, PAN, PPP and PKB supported Democratic Party's stance on the 2013 State budget revision. So the question is, what did they get in return? Members of the ruling coalition are eyeing the three PKS ministries in SBY's cabinet, especially now that a PKS exit looks like a real possibility. So, will there be a cabinet reshuffle sometime soon? How would such a reshuffle play out given the circumstances? (Thu, 20 Jun 2013)
| |
| Law Journal No. 29/2013: Insurance COs vs the Insured
Insurance industry is one of the profitable businesses in Indonesia. PT Asuransi Jiwa Manulife Indonesia, for example, booked Rp733 billion net profits in 2012, meanwhile PT AIA Financial generated Rp568 billion net profit in the similar period. Despite the promising business, insurance companies are frequently involved in legal disputes with its customers. Herein we show some of the recent disputes between insurance firms and their customers. (Thu, 20 Jun 2013)
| | |
| More Articles |
| • Tujuh Bukit Gold Dispute Continues | Investment | The South Jakarta District Court will proceed to examine the dispute between Michael Paul Willis and Intrepid Mines Ltd, Emperor Mines Ltd, and PT Indo Multi Niaga (IMN) after a mediation process, on Jun.18, 2013, did not produce any settlement. | |
| • Coal Journal No.48/2013 | Coal | Some of our readers jokingly said in March that they would enter Adaro Energy (ADRO) if it touches Rp900. The stock dropped to as low as Rp800 last week, but they haven’t entered the second largest coal producer despite efforts from Mr Subianto, one of substantial shareholders, to purchase more ADRO shares. | |
| • Palm Oil Journal No. 24/2013 | Palm Oil | Opened lower, crude palm oil (CPO) for the benchmark September 2013 contracts ended in positive territory Wednesday (June 19) as Sime Darby Sdn Bhd, one of the world’s largest producers, reported 12.8% decline in CPO output last month. How about REA Kaltim Plantation's IPO on Indonesia Stock Exchange (IDX)? | |
| • Products of Fuel Politics: BLSM, BSM, BS | Politic | So, the strategy is to raise the price of fuel, and when the aftermath of the policy hits everyone, save the poor with moolah. Not just any other moolah, it's a Rp27.9 trillion worth of compensation fund to be distributed through direct assistance programs. From there onwards it's only going to be "thank you, Mr. President, Democratic Party, Golkar" and then, voila, popular votes! Really? Is that going to work this time? Will cash assistance work in favor of political parties at all? What about PDI-P's and PKS' opposition strategies? Will theirs work better at ramping up electability? | |
| • Risjad Family & Nickel Smelter Hype | Mining | Ibris Nickel Pte Ltd has just signed memorandum of understanding with Yong-Xing Alloy Materials Technology Taizhou Co Ltd for the development of US$1.8 billion nickel smelter in Indonesia. The plan is not new, and in fact hundreds of nickel miners have submitted plans to build smelters in Sulawesi and Maluku ahead of government's plan to ban export of mineral ores in the coming months. | |
| • When Dahlan & Telkom on Defensive Mode | State-Owned | The Jakarta Post published an article titled 'Nothing Fishy about TelkomVision Acquisition: Dahlan' this morning, while Koran Tempo published an artitcle titled 'Telkom Yet to Approve Divestment of Mitratel'. TelkomVision and Mitratel, both are units of Telkom (TLKM), have been targets of public scrutiny in the past few months.... | |
| • Market Snapshots | Stock Market | Composite index of Indonesia Stock Exchange (IDX) retreated 0.32% Wednesday (June 19) morning on regional sentiment and profit taking of blue chip stocks. In this report: (1) Indosat Refinancing, (2) Trans Power Marine Expansion, (3) Mayora Performance, (4) Mitra Adiperkasa Rights Issue, and (5) Saratoga Investama IPO. | |
|
|
|
