Feb 24, 2015 | Commodities, Reviews
Some business associations, including multinational companies, are now fighting fiercely against implementation of mandatory letter of credit (L/C) on April 1st, 2015. They succeeded in similar fights five years ago. Will they repeat that again this time? If you...
Feb 24, 2015 | Commodities, Market
The benchmark May 2015 contracts of crude palm oil (CPO) fell almost 3% to RM2239 per ton on Bursa Malaysia Derivatives Monday (Feb 23) as WTI crude oil retreated to below US$50 per barrel on oversupply concern and appreciation of US dollar. The benchmark CPO contract...
Feb 23, 2015 | Commodities, Industries, News Group
The Minister of Energy and Mineral Resources (ESDM) Sudirman Said met with PT Freeport Indonesia, PT Newmont Nusa Tenggara, PT Gorontalo Mineral, and PT Kalimantan Surya Kencana on Wednesday Feb. 18 to discuss the smelter project development roadmap. One of the...
Feb 23, 2015 | Commodities, Market
Net price of crude palm oil (CPO) received by PT KPB Nusantara in the physical market last week was Rp8262 per Kg, thanks to weak rupiah. While this was significantly higher than January’s average price, the price is still way below average price in February...
Feb 23, 2015 | Commodities, Reviews
West Madura Offshore (WMO) recently gained public attention because of corruption investigation into former Bangkalan Regent and PT Media Karya Sentosa (MKS). The Corruption Eradication Commission (KPK) has examined officers of SKKMigas and Pertamina, operator of WMO,...
Feb 23, 2015 | Commodities, Reviews
Shares of Vale S.A gained 1.81% in New York, while Eramet jumped 11% in Paris Friday (February 20) as investors responded positively their full year 2014 results. Shares of Vale, the world’s giant for iron ore and nickel, however, collapsed 50% in the past 12...
Feb 19, 2015 | Commodities, Reviews
Minister of energy and mineral resources Sudirman Said has waged a war against ‘gas traders’, which have no physical activities in the transmission and distribution of gas. Who are likely affected? “We’re screening up traders with only papers in their hands,” said...
Feb 19, 2015 | Commodities, Market, Reviews
Coal producer PT Indo Tambangraya Megah (ITMG) Tbk booked net profit of US$200 million last year, down only by 2.32% from 2013 despite falling sales and profit margins. With relatively low debt level, ITMG reported double digit profit margin last year. As you can see...
Feb 18, 2015 | Commodities, Reviews
Shares of Niko Resources Ltd soared 49% in Toronto Tuesday (Feb 17) as market players responded positively the plan to divest its 10% shares in Indian deep sea gas, amendment of senior term loan facilities and recovery of crude oil. This, however, might be short-lived...
Feb 18, 2015 | Commodities, Market
Recent rally in crude palm oil (CPO) turned out to be short-lived as market players started to realize the likely outcome of Indonesian government’s plans to boost subsidies for biodiesel. On Tuesday, Feb 17, the benchmark May 2015 contracts of CPO lost more...
