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Coal Journal No. 40/2013
PT DSSP Power Sumsel, subsidiary of PT Dian Swastatika Sentosa (DSSA) Tbk---unit of Sinarmas Group, has kicked off construction of 2x150 MW mine-mouth coal-fired power plant in Bayung Lencir, Musi Banyuasin, South Sumatra on Thursday (May 23). Also in this report: (1) Bayan Resources, (2) Realm Resources' Katingan Project. ,Last Updated ( Fri, 24 May 2013)
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| Mergers & Acquisitions Update
Shares of Dayanasa Arthatama (SCBD) ended flat Friday (May 24) despite announcements made by Pacific Century Premium Developments (PCPD) to the HK Stock Exchange Thursday about acquisition of 9,277 m2 land for US$184 million. This is a record high of almost Rp194 million per square meter. BSL Investment, meanwhile, has offloaded substantial amount of Pakuwo Jati shares to unidentified buyer. (Fri, 24 May 2013)
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| Foxconn Project: Agung Sedayu vs Modernland
Foxconn Technology Group has planned to invest US$5 billion in Indonesia to produce components of iPad and iPhone. Government officers initially said Foxconn will build the factories in industrial estate developed by Modernland, unit of Modern Group. But, this morning, minister of industry affairs MS Hidayat said Foxconn will build in the area prepared by Agung Sedayu Group. (Fri, 24 May 2013)
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| More Articles |
| • XL Axiata + Axis = Axed? (Part Two) | ICT | PT Axis Telecom is one of the largest overseas investments of Saudi Telecom Company. The company's share in the borrowings and bank liabilities extended to PT Axis Telecom ballooned from US$362 million in December 2011 to US$607 million late last year. | |
| • Market Snapshots | Stock Market | Composite index of Indonesia Stock Exchange (IDX) rebounds this morning while peers in the region were mixed. Nikkei 225 regained grounds, but Australia's All Ordinaries lost further. Lippo Group-related stocks continued their rallies, led by another 15% gain at Gowa Makassar Tourism Development (GMTD) and almost 3% gain at Nationalnobu Bank. | |
| • XL Axiata + Axis = Axed? | ICT | On March 11, 2008, we published an article titled 'Natrindo, a bad luck for Saudi Telecom & Maxis Communications" related to what is now called Axis Telekom Indonesia. This week, we read media reports about Saudi Telecom's plan to sell Axis to XL Axiata. XL Axiata investors, somehow, believe the acquisition brings bad luck. XL Axiata shares declined in the past few trading days. Why? | |
| • IPO to Watch: Bank Maspion (2) | Banking | PT Bank Maspion Indonesia Tbk, based in Surabaya, East Java, has raised its IPO shares to 770 million shares, representing 19,9% of its total issued and paid-up capital, from initial plan 380 million shares or 10.98% of the company's total shares. Expecting similar gains with Lippo Group's Nationalnobu Bank? | |
| • Lippo Group & Mining Business | Mining | In November 2011, CS Mining LLC, a company based in Anaconda Skarn, Utah involved in the mining and processing of copper, gold, and silver, announced strategic investment from Lippo Group. No news since then, however. Of course, that's not the first and only mining investment of Lippo Group. | |
| • Oil & Gas Journal: No 13/2013 | Oil And Gas | Nymex crude oil retreated 1.3% to US$93 per barrel Thursday (May 23), dragging down energy stocks worldwide. BP ended lower by 1.2% in London, while ExxonMobil slipped 0.13% in New York. In this report: (1) Pan Orient's Indonesian Operation, (2) Salamander Energy's Bedug-1 Discovery, etc. | |
| • Master Steel & Bribery/Extortion Case | Corruption | CEO of PT The Master Steel Manufacturing Istanto admitted he ordered staffs Effendy Komala and Teddy Muliawan to give some money to tax officers because the company is being investigated for an alleged tax crime. Who's behind Master Steel? | |
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