Jan 16, 2014 | Business, Industries
Vice Governor of the Province of the Special Region of Jakarta (Pemprov DKI), Basuki Tjahaja Purnama (Ahok) told reporters last week that his team had issued the licenses required for the Jakarta elevated toll road project to perform its environmental impact...
Jan 10, 2014 | Agriculture, Industries, News Group
Thanks to falling rupiah, price of crude palm oil (CPO) in rupiah already increased by 20% in the past few months to around Rp10,000/Kg (US$845 per ton). If rupiah stays below Rp12,000, palm oil producers would report significant improvement this year. One of...
Jan 10, 2014 | Agriculture, Industries, News Group
Some media outlets ‘concluded’ in their reports today that Asian Agri, controlled by tycoon Sukanto Tanoto, is set to lose assets if the firm, found guilty of tax evasions, fails to pay US$207 million in fines by February 1st. Attorney General’s...
Jan 9, 2014 | Agriculture, Industries, News Group
While some continue to expand production capacities, others have yet to find ways out of their troubles. The court has declared PT Surabaya Agung Industri Pulp and Kertas (SAIP) Tbk bankrupt in April 2013. Strange that few months later national police said due to the...
Jan 9, 2014 | Agriculture, Industries, News Group
In September-October 2012, share price of Suparma (SPMA) surged from below Rp250 to Rp450 following market rumors about acquisition of 45% shares by world paper giant Stora Enso. Rumors were JP Morgan Securities had been hired by Stora Enso for the transaction,...
Jan 8, 2014 | Agriculture, Industries, News Group
According to FAO Committee on Forestry, China is the largest consumer of paper and paperboard in the world. The country consumed 25% of the world’s total demand, followed by US, Japan, and Germany. In 2010, China’s per capita consumption was 71 Kg, twice...
Jan 8, 2014 | Commodities, Industries, News Group
Six years ago, then SGX-listed Dayen Environmental agreed to acquire ATPK Resources from Hopaco Properties Ltd. Goi Seng Hui, then director of Dayen, controlled 9.62% shares of ATPK Resources before the proposed acquisition. Dayen was also granted rights to mine up to...
Jan 7, 2014 | Commodities, Industries, News Group
Shares of coal producers started the year mostly in red. Adaro Energy, the second largest coal producer, already lost 18.3% in the first four trading days of 2014, while Indo Tambangraya Megah and Resources Alam down 10% each. They start the year with significantly...
Jan 7, 2014 | Industries, Mining, News Group
Speculation continues on what the government will do to keep allowing export of minerals without necessarily being considered violating Law No 4/2009 about Mineral and Coal. Afraid of short-term impacts on trade balance and job market, the government will likely...
Jan 7, 2014 | Agriculture, Industries, News Group
Indonesian Sugar Cane Farmers Association (APTRI) has expressed its doubts over an audit report submitted by Ministry of Trade Affairs about volume of refined sugar flooding retail market. The association believes in massive violation committed by sugar refineries,...
