Jan 10, 2014 | Agriculture, Industries, News Group
Some media outlets ‘concluded’ in their reports today that Asian Agri, controlled by tycoon Sukanto Tanoto, is set to lose assets if the firm, found guilty of tax evasions, fails to pay US$207 million in fines by February 1st. Attorney General’s...
Jan 10, 2014 | Agriculture
Asam Jawa Group is among pioneers of palm oil business in the country. It started planting activities 42 years ago in Labuhan Batu Selatan regency, North Sumatra province. The group, like others, has expanded its operations beyond North Sumatra province. Who’s...
Jan 9, 2014 | Agriculture, Industries, News Group
While some continue to expand production capacities, others have yet to find ways out of their troubles. The court has declared PT Surabaya Agung Industri Pulp and Kertas (SAIP) Tbk bankrupt in April 2013. Strange that few months later national police said due to the...
Jan 9, 2014 | Agriculture, Industries, News Group
In September-October 2012, share price of Suparma (SPMA) surged from below Rp250 to Rp450 following market rumors about acquisition of 45% shares by world paper giant Stora Enso. Rumors were JP Morgan Securities had been hired by Stora Enso for the transaction,...
Jan 8, 2014 | Agriculture, Industries, News Group
According to FAO Committee on Forestry, China is the largest consumer of paper and paperboard in the world. The country consumed 25% of the world’s total demand, followed by US, Japan, and Germany. In 2010, China’s per capita consumption was 71 Kg, twice...
Jan 7, 2014 | Agriculture, Industries, News Group
Indonesian Sugar Cane Farmers Association (APTRI) has expressed its doubts over an audit report submitted by Ministry of Trade Affairs about volume of refined sugar flooding retail market. The association believes in massive violation committed by sugar refineries,...
Jan 6, 2014 | Agriculture, Industries, News Group
Three years ago, Matahari Kahuripan Indonesia (Makin Group), controlled by Susilo Wonowodijojo (one of shareholders of Gudang Garam, second largest cigarette player), reportedly had around 130,000 hectares of planted area. Back then, the group only produced around...
Oct 10, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) regained grounds Tuesday in both physical and futures markets. October price of CPO, however, is now 20% below September’s average price as more companies reported higher output in Indonesia and Malaysia this peak harvesting season. In this...
Oct 9, 2012 | Agriculture, Industries, News Group
President SBY’s ‘rhetoric statement’ that ‘he will stand by palm oil industry’ in the fight to get the ‘green label’ in APEC failed to shore up crude palm oil (CPO) prices and shares. The benchmark November contracts of CPO...
Oct 7, 2012 | Agriculture, Industries, News Group
LG and Samsung are two of the world’s largest electronic players. Both have substantial operations in the country. They are also active players in engineering, chemicals, and in the past few years in palm oil business. How substantial are their operations in the...
