Mar 23, 2015 | Commodities, Market
The government has last week granted three coal-bed-methane (CBM) blocks in Sumatra Island to three consortia despite doubts following downfall of crude oil and natural gas in the world market. That means nearly 60 blocks have been granted out, including to giant...
Mar 22, 2015 | Commodities, Market
In contrast to WTI crude oil, which gained 2% to above US$46 per barrel, the benchmark June 2015 contracts of crude palm oil (CPO) ended significantly lower by almost 2.5% to RM2155 per ton Friday (Mar 20). Market will likely anticipate impacts of Indonesia’s...
Mar 20, 2015 | Commodities, Market, Reviews
PT AKR Corporindo Tbk (AKRA), the largest distributor of fuel in private sector, booked net profit of Rp810 billion last year, jumped 25% from 2013 even though its sales revenue was flat following downfall of crude oil and refined products worldwide. Talking about the...
Mar 19, 2015 | Commodities, Market, Reviews
Palm oil and wood processing company PT Dharma Satya Nusantara (DSNG) Tbk is among companies reporting strong performance last year with net profit jump of 220% to Rp650 billion. It is also now among those highly ‘valued’ by investors, 4.3 x equity, even...
Mar 18, 2015 | Commodities, Market
Unlike crude oil, which continues to fall to below US$43 per barrel (WTI crude), the reference price of Indonesian thermal coal for March 2015 was set at US$67.76 per ton. While this is significantly better than February (US$62.92), it is 12% below March 2014. This...
Mar 18, 2015 | Commodities, Market
The benchmark June 2015 contracts of crude palm oil (CPO) crashed by almost 3% to RM2140 per ton on the Bursa Malaysia Derivatives Tuesday to tracking WTI crude oil, which fell further to US$43 per barrel. May and July contracts lost RM61 and RM53 to RM2148 and RM2128...
Mar 17, 2015 | Commodities, Market, Politics
Energy and mineral resources minister Sudirman Said missed his own deadline to make final decision on the future of Offshore Mahakam Block. In November 2014, Sudirman promised to make decision within three months, meaning late February 2015. We’re now in mid...
Mar 17, 2015 | Commodities, Market
Indonesia’s export revenues from thermal coal dropped 18.71% to US$2.9 billion in the first two months of 2015 even though average price of the commodity declined only by 10% in the period. The data suggested a significant correction in volume of export,...
Mar 17, 2015 | Commodities, Market
The benchmark June 2015 contracts of crude palm oil (CPO) dropped by almost 2% to RM2199 per ton on the Bursa Malaysia Derivatives Monday (March 16), dragged down by falling crude oil. WTI Crude collapsed to below US$44 per barrel on Nymex Monday, the lowest level in...
Mar 16, 2015 | Commodities, Market
Coal and plantation firm PT Toba Bara Sejahtra (TOBA) Tbk, controlled by Luhut Pandjaitan, chief of staff of presidential office, booked net profit of US$18.33 million last year, down slightly from 2013 despite strong sales revenue growth. Outlook? TOBA’s sales...
