Two construction companies, 10 plantation companies, one palm kernel crushing plant & refinery, one rubber factory, four property companies, one transportation, and two foundations engaged in education are among entities controlled by Mahkota Group. Yet, public knew very little about people behind the group.
Read MoreThe Financial Services Authority (OJK) reports the banking liquidity, per August 2014, was improving with the loan to deposit ratio (LDR) reaching 90.63%, compared to 92.19% in July 2014. Regional development banks (BPD) recorded 82.07% LDR in August, compared to 86.79% in previous month. The banks’ third party funds also increased 1.88% month-to-month (mtm). The loan growth was 13.94%, compared to 15.63% in July 2014. Capital Adequacy Ratio AR was stood at 19.52%.
Read MoreIn the past few months, we’ve seen significant investment in Indonesia’s oil and gas industry. RISCO, for example, plans to acquire 25% shares of Lemang Block from Ramba Energy Ltd. ASX-listed Cue Energy Ltd, meanwhile, acquired additional 60% shares in Mahakam Hilir block from SPC.
Read MoreAside from being a source of calories, cassava can also be processed into at least 13 derivative products for the food industry, textile industry, pulp and paper industry, cosmetic industry, pharmaceutical industry, and renewable energy industry—cassavas are typically processed into pellets, chips, starch and also flour before it is ready for trading. Sorbitol—which is an essential component for the raw materials for cosmetics, pharmaceuticals, hygienic and food products—is one of the products made out of Cassava.
Read MorePresident Joko “Jokowi” Widodo won a lot of praises for his decision to involve the Anti-Graft Commision KPK and the Anti-Money Laundering Agency PPATK to vet his ministerial candidates. The KPK/PPATK found that several of the 43 ministerial candidates could be implicated in graft cases. Other than that, President Jokowi should also consult the House of Representatives (DPR) his plan to change the nomenclature of some of the cabinets. These new developments may offset the President from his target of immediately announcing the new cabinet.
Read MoreAll eyes are currently focused on President Joko “Jokowi” Widodo’s cabinet. But let’s not forget the politics at Senayan. It’s likely that the Red-and-White opposition at the House of Representatives (DPR) will control the leadership of all of the working commissions and other parliamentary bodies within the DPR known as the AKD (Alat Kelengkapan Dewan).
Read MoreBHP Billiton Ltd, one of the world’s largest mining companies with market capitalization of A$182 billion, has just released its September quarter data. World Steel Association, which gathers information from steel producers in 65 countries, also reported slowdown of output in September. These are probably important data to watch for those involved in mining industry.
Read MoreG-Resources Group Ltd’s Martabe Gold Mine in North Sumatra produced 73,153 ounces of gold in the quarter ended September 2014, inched up 4% from the previous quarter, making Martabe the second largest gold mine in Indonesia behind Freeport McMoRan’s Grasberg Mine in Papua.
Read MorePresident Joko Widodo has reportedly established the structure of his cabinet for the next five years to reflect his campaign promises. He adds one coordinating ministry supervising marine development and energy & mineral resources.
Read MoreHanson International (MYRX) was initially a textile company. Few years ago, the company entered energy business, including coal. Recently, however, Hanson decided to enter property business, through the proposed acquisition of PT Mandiri Mega Jaya for a total consideration of Rp4 trillion or about US$360 million.
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