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Bakrie & Bumi Resources

Shares of Bumi Resources (BUMI), the largest coal producer in Indonesia, ended higher by 1.55% only to Rp262 Friday (May 25) despite the signing of mutual investment agreement and loan agreement worth US$416 million involving Bakrie & Brothers (BNBR) and BUMI shares.

Business

Bakrie & Bumi Resources

Shares of Bumi Resources (BUMI), the largest coal producer in Indonesia, ended higher by 1.55% only to Rp262 Friday (May 25) despite the signing of mutual investment agreement and loan agreement worth US$416 million involving Bakrie & Brothers (BNBR) and BUMI shares.

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Indonesia Raises ¥100 Billion from Samurai Bond

The Ministry of Finance has issued Samurai Bonds of ¥100 billion (US$912 million) on Thursday (May 24), equal to the issuance of last year. The notes consists of four series, due in May 31, 2021, May 31, 2023, May 30, 2025,...

Indonesia to Implement Biodiesel B25 by 2019

The recent increase in oil prices have brought fresh push to the biodiesel mix mandatory, government targets to increase biodiesel mix to 25% or “B25” by 2019 from the current mix of 20%. Energy and Mineral Resources Ministry...

ADB Finances Solar Plants in Indonesia $160 Million

The Asian Development Bank (ADB) provides US$40 million to invest in Indonesia’s first utility-scale solar photovoltaic (PV) plants of Vena Energy that will create the first utility-scale parks in the country. The loan package...

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Those Continue to Expand: Siam Cement Group

SCG Chemicals, unit of Thailand-based Siam Cement Group, made a very good bet in acquiring 30% shares of petrochemical giant PT Chandra Asri Petrochemical Tbk (TPIA) in September 2011 for US$441 million only. Today, SCG controls 31% shares worth around US$2.3 billion. Chandra Asri has since continued multi-billion dollar expansions.

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