Jan 19, 2016 | Industries, Market, News Group, Reviews
Nymex’s crude oil dropped 7.05% to US$29 per barrel in Asian trading this morning. Oil and gas firms could lead into a collapse situation as its price equals to production cost, meaning zero margin for profit. At worse case, oil and gas firms may stop their...
Jan 19, 2016 | Industries, Market, News Group
The central bank (Bank Indonesia/BI) quoted the mid rate of Rupiah at Rp13,931 against the US dollar on Monday (Jan. 18) inline with oil price drop, concern on China economy, and further Fed rate hike expectation. Nymex’s crude oil price dropped 7% to US$29.01...
Jan 18, 2016 | Industries, Market, Reviews
Astra International (ASII) reported Rp5.77 trillion of revenues from its infrastructure and logistic business in nine months ended Sept 30, 2015, down 9.4% from the corresponding period of 2014. Total assets in the business, however, grew 7.6% to Rp18.15 trillion. ...
Jan 18, 2016 | Industries, Market, News Group
Asian shares are set to slide to near their 2011 troughs on Monday following weak U.S. economic data and falls in oil prices that showed no sign of abating, stoking further worries about a global economic downturn, Reuters reported. Nymex’s crude oil dropped...
Jan 17, 2016 | Commodities, Industries, Market, Reviews
Energy shares collapsed worldwide Friday (Jan 15) to tracking WTI crude oil, which lost 4.8% on Nymex to settle at US$29.7 per barrel. Persistent low prices of coal, meanwhile, might encourage more players to revisit the coal-to-chemical projects. Low energy prices...
Jan 17, 2016 | Industries, Market, Reviews
Domestic sales of cement grew 1.5% to 5.45 million tons last month, thanks to strong growth from areas outside Java and Kalimantan. Widodo Santoso, chairman of Indonesian Cement Association (ASI), said cement sales in Sumatra increased by 13.5% to 1.28 million tons in...
Jan 16, 2016 | Industries, Market, Reviews
Domestic sales of cars declined 16.1% to 1.01 million units last year, while motorcycles dropped 17.6% to 6.48 million units. Almost all brands of cars and motorcycles suffered from the downfall, but some performed relatively better. In the car market, Honda (Honda...
Jan 16, 2016 | Industries, Market, Reviews
PT Ciputra Residence, subsidiary of PT Ciputra Development Tbk (CTRA), is approaching International Finance Corporation (IFC), investment arm of World Bank, to finance portion of its US$441 million residential and commercial property development projects all over the...
Jan 15, 2016 | Industries, Politics
Just few days after the arrival of the California-based film streaming service Netflix Inc (Nasdaq:NFLX) in Indonesia, the Indonesian Film Censorship Institute (LSF) said it wanted to block the website because of its uncensored content. The LSF Chairman Major General...
Jan 15, 2016 | Industries, Market, Reviews
President Joko ‘Jokowi’ Widodo has ordered minister of transportation Ignatius Jonan to take over the development of Kertajati International Airport in Majalengka Regency, West Java from the provincial government due to slow pace of its progress in the past eight...
