Nov 18, 2014 | Commodities
President Joko Widodo’s decision to raise fuel price by 30% will have significant impact on profit margins of Indonesian palm oil producers going forward. An anticipated appreciation of rupiah and higher input costs from higher labor and logistic costs might...
Nov 17, 2014 | Commodities
Oil and gas supporting services company PT Apexindo Pratama Duta (APEX) TBk booked net loss of US$15 million in the first half of 2014, jumped 150% from the same period of 2013 due to huge insurance compensation loss related to the damage in Rig Raissa. Also in this...
Nov 17, 2014 | Commodities
Domestic market obligation (DMO) for coal next year is set at around 115 million tons, jumped by 28% from this year. That means domestic market would absorb around 25% of total estimated output next year. In this report: Cokal Ltd and United Coal Indonesia.Domestic...
Nov 17, 2014 | Commodities
Minister of energy and mineral resources Sudirman Said continues to show that he is a man of action. After firing Edy Hermantoro as director general for oil and gas in the first week in office, Sudirman appointed economist Faisal Basri as head of the so-called Task...
Nov 15, 2014 | Commodities
Would Pertamina and regional governments in East Kalimantan pay to Total Indonesie and Inpex for shares in the giant Mahakam Block like government of Indonesia/Indonesian entities should pay for 20.64% interest in Freeport Indonesia? Or, should Total and Inpex pay to...
Nov 14, 2014 | Commodities
Borneo Lumbung Energi & Metal (BORN), controlled by Samin Tan, briefly touched the ‘cushion price’ of Rp50 yesterday. London-listed Asia Resource Minerals (ARMS), parent of Berau Coal Energy (BRAU), collapsed 19.23% to 21 pence. Worse, former CEO of BRAU filed...
Nov 14, 2014 | Commodities
Nymex crude oil dropped to as low as US$74.21 per barrel, the lowest level in four years, due to supply glut. Earlier yesterday, the benchmark January 2015 contracts of crude palm oil (CPO) lost more than 1% to RM2232 per ton. Reports about October 2014 output from...
Nov 13, 2014 | Commodities
Shares of Golden Agri-Resources (GAR), controlled by Sinarmas Group, collapsed 5.9% this morning on heavier trading due to falling net profit of 28% in nine months of 2014. KENCANA AGRI: This company, controlled by Indonesian business group, produced 107,369 tons of...
Nov 13, 2014 | Commodities, Market
Falling thermal coal prices has reportedly triggered some players to fight for stake in Kampar Block, which is currently operated by Medco Group, even though its production rate is only 1800 barrels per day. Who are competing for the block? How about other blocks?...
Nov 12, 2014 | Commodities
Shares of Bumitama Agri Ltd, a joint venture between Indonesian Harita Group and Malaysian IOI Corp, have only inched up 0.9% year-to-date despite strong financial performance. Astra Agro Lestari, which reported lower profit margin, on the other hand, already gained...
