Falling coal and oil prices triggered some fund managers to offload shares of Indonesian coal producers, weighing the whole market recovery. Trading was heavy in the shares of Adaro, Indo Tambangraya Megah, Bukit Asam, and United Tractors, which are major and profitable companies.
Read MoreWe recently spoke to a couple of sources acquainted with President-elect Joko “Jokowi” Widodo’s cabinet formation process. Here are some of the things we heard:
Read MoreComposite index of Indonesia Stock Exchange (IDX) opened higher by 0.51% this morning on optimism that president elect Joko ‘Jokowi’ Widodo would be able to ease political tensions in the country. The crash of commodities, however, might cap recovery.
Read MoreMore names of likely Attorney General (AG) has come to surface. But as usual, President-elect Joko “Jokowi” Widodo was reluctant to comment on the revelation.
Read MoreA large billboard sign at the Kigalli airport greets visitors with a warning: “the use of non-biodegradable polythene bags is prohibited.” Indeed, the Republic of Rwanda is the first country in the world that bans the usage of plastic bags. This policy has been implemented since 2008. Will Indonesia be able to follow Rwanda’s lead?
Read MoreOn August 10, 2011, Bakrie & Brothers (BNBR) secured US$150 million loan from Mitsubishi Corporation to acquire 548.6 million shares of Bumi Resources (BUMI). Back then BUMI was traded above Rp2500 per share. Today, BUMI is traded Rp133. That means, Bakrie & Brothers (BNBR) suffered 95% loss in the facility.
Read MoreDr Tahir, owner of Mayapada Group, has been everywhere in the past few months. After the controversial appointment as special advisor for Indonesian military, Tahir, through Tahir Foundation, awarded Lifetime Achievement Award to fifth president Megawati Soekarnoputri last night.
Read MoreWhitehaven Coal Ltd, listed on ASX, said this morning that there are continuing signs that the thermal coal market is working through an adjustment phase, which began in 2013, to a more sustainable growth path. Indonesian exports, according to the Company, started to decline.
Read MoreTuan Sing Holdings Ltd, a property developer controlled by Sjamsul Nursalim family, has issued S$80 million 4.5% per annum Notes due 2019 under its S$900 million multi-currency Medium Term Note Program (MTN) established last year.
Read MoreDetik.com reported few minutes ago that president elect Joko ‘Jokowi’ Widodo met Aburizal Bakrie, chairman of Golkar Party, at Kunstkring Restaurant, Menteng, Jakarta Tuesday (Oct 14).
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