Feb 13, 2016 | Industries, Market, Reviews
Asahimas Chemical has just completed its US$400 million of expansion project in Merak, Banten province, allowing the chlor-alkaly company to secured domestic supply of PVC resin, and will export more. Lack of investments in petrochemicals contributed to ballooning...
Feb 13, 2016 | Industries, Market, Reviews
Despite the global slowdown, we’ve seen more positive news about petrochemical industry in Indonesia in recent years. After resuming the operation of condensate splitter and aromatic centre in Tuban last year, the government is determined to speed up...
Feb 12, 2016 | Industries, Market, Reviews
Minister of fisheries Susi Pudjiastuti defends liberalisation of cold storage industry, which was restricted to foreign investors by sixth president Susilo Bambang Yudhoyono five months before ending his second term in 2014, saying this would boost competitiveness of...
Feb 12, 2016 | Industries, Market, Reviews
President Joko ‘Jokowi’ Widodo paid a visit to the construction site of trans-Sumatra toll road project in Lampung province yesterday. This is the third visit by Jokowi in less than one year to show his determination in get things done. From the site...
Feb 12, 2016 | Industries, Law
PT Trikomsel Oke Tbk (TRIO) is in their period of Suspension of Debts Payment (PKPU) after being sued by one of its creditor. TRIO is in PKPU for 45 days. On February 11, 2016, TRIO submitted a peace proposal to the creditors, but the creditors have not agreed to the...
Feb 12, 2016 | Industries, Law
PT Tunggal Yudi Sawmill Plywood, a subsidiary of PT Haluan Mitra Abadi (HMA) of Samin Tan appeared to have been declared bankrupt since January 26, 2015 by way of the Suspension of Debt Payment (PKPU) request filed by one of its creditors PT Mulia Permata. But the...
Feb 11, 2016 | Industries, Politics
President Joko “Jokowi” Widodo gave the instruction that State-Owned Enterprises (SOEs) engaging in the same business/sector should form a holding company on May 18 and again on October 21, 2015. This is not a new idea. We’ve heard about it since Soeharto’s New...
Feb 11, 2016 | Industries, Market, News Group
Retailers confirmed strong annual sales growth in December 2015, reflected in the 10.4% of the real sales index, compared to 9.7% in November 2015. Respondents reported stronger sales in December 2015 on the back of fuel and other households goods. The sales growth...
Feb 11, 2016 | Industries, Law
The Government finally issued the Presidential Decree (Perpres) No. 4/2016, which would act as the legal basis to support the acceleration of the Development of Electricity Infrastructure (PIK). This regulation was made by referencing the provisions of the Government...
Feb 11, 2016 | Industries, Market, Reviews
National cement consumption grew 4.4% year-on-year in January 2016, while South Sumatra-based Semen Baturaja (SMBR) reported 15% growth in the month. Interestingly, cement sales in Java grew 5.3%, while Sumatra and Sulawesi increased by 15.8% and 19% respectively....
