May 12, 2015 | Commodities, Reviews
Pertamina might be the largest company in Indonesian by total sales revenues, but is significantly smaller than Malaysia’s oil and gas company Petronas. Permina’s total assets were only one-third of Petronas, which actually learned from Pertamina many...
May 12, 2015 | Commodities, Reviews
Most of you have been informed that Pertamina, the largest company in Indonesia by total sales, booked net profit of US$1.5 billion last year, collapsed 50% from 2013. The oil and gas Company’s comprehensive financial statement, which has only been available to...
May 12, 2015 | Commodities, Market, Reviews
So, PT Energi Mega Persada (ENRG) Tbk, an oil and gas company controlled by Bakrie Family, has officially kicked off the issuance of 4.46 billion new shares or about 10% of the total paid-up capital without preemptive rights. Minority shareholders should ask serious...
May 12, 2015 | Commodities, Market
The benchmark July contracts of crude palm oil (CPO) ended significantly higher on the Bursa Malaysia Derivatives Monday (May 11), while KPB Nusantara, the joint marketing office of state plantations in Indonesia, was forced to withdraw most of CPO packages auctioned...
May 11, 2015 | Commodities, Market
Shares of Indo Tambangraya Megah (ITMG) surged 6.57% Monday (May 11) on speculative buy as the Company released its first quarter 2015 results. Like other coal producers, ITMG, controlled by Thailand energy giant Banpu Pcl, reported 60.7% fall in net profit to US$38...
May 11, 2015 | Commodities, Market
Australia’s Financial Review quoted Rio Tinto’s new coal boss Jean-Sebastien Jacques Sunay (May 11) saying it will likely take three or four years before there is ‘a light at the end of the tunnel’ for the depressed thermal coal price. Well, in...
May 10, 2015 | Commodities, Market
The benchmark July contracts of crude palm oil (CPO) ended lower by RM11 to RM2162 per ton Friday (May 8), erasing almost all of gains recorded early of the week on concerns surrounding higher output in Indonesia and Malaysia. August to November 2015 contracts also...
May 10, 2015 | Commodities, Industries, Market
We all know that tens of companies have announced plans to build nickel smelters in North Maluku province over the years with investment commitment of more than US$10 billion. Two of them are Weda Bay Nickel (US$5 billion) and FeNi Haltim of Aneka Tambang (US$1.6...
May 8, 2015 | Commodities, Market
Shares of some coal producers gained significantly on the stock exchange of Indonesia (IDX) this morning. This, however, might be more of speculative buying after significant correction in the stocks, because Indonesian coal prices actually continue to fall. Ministry...
May 8, 2015 | Commodities, Industries, Politics
Maluku province is interesting not only because of Masela Block, where Inpex and Shell build Abadi LNG, but because of its other potentials, especially in mining (nickel and iron sands) and fisheries, and the upcoming political changes in the regency level. Four...
