Recent Articles
Anies Seeks Political Backing for Formula E
The Governor of Jakarta Anies Baswedan appointed the Speaker of the People’s Consultative Assembly...
Business
Corporations to Watch
State steel producer Krakatau Steel (KRAS) aims to book sales of Rp35-40 trillion in 2022, higher than the projected Rp32 trillion for 2021. The sales volume is targeted to grow by 26% year on year (y/y) next year. KRAS develops...
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Tin Prices Slip From Record High
Tin futures eased to around $38,500 a tonne at the end of November, slipping from a 5-month high of $39,960 touched on November 24th, after a new and possibly vaccine-resistant coronavirus variant was detected in South Africa...
Oil Rebounds as OPEC Response Against Omicron Eyed
WTI crude futures rebounded 5% towards $72 per barrel on Monday, as traders covered shorts amid speculations of an aggressive response from OPEC+ to counter downward price pressures from the Omicron. Oil prices crashed more than...
Dollar Rises as Hawkish Bets Remain
The dollar index gained 0.2% to trade above 96.2 on Monday, as traders balanced concerns over the Omicron variant with expectations of higher US interest rates. Atlanta Federal Reserve president Raphael Bostic was the latest...
Profiles
Abhati Group & Sidarta Family
It is long overdue to do a note on this group. The group made headlines recently because of its decision to sell PT Megasetia Agung Kimia, which claimed itself as leading distributor for specialty ingredients for the pharmaceutical industry, to the global leading distribution company IMCD.