TPPI’s Debt Restructuring & Political Changes

National media reported on Thursday that PT Trans Pacific Petrochemical Indotama (TPPI) plans to issue US$888 million worth of bonds due between 10 and 15 years with coupon rates of 1-2% per annum as part of restructuring of US$1.8 billion debts pursuant to the...

Lubricant Players: Who’s Who

Growing population of cars and motorcycles, combined with aggressive expansion of mining industry and infrastructure development would definitely boost domestic demand for any kind of lubricants. That has also attracted more investments in domestic lube blending oil...

ISDN Holdings & Indonesian Hydropower Business

SGX-listed See Hup Seng informed shareholders this morning that it has entered into a non-binding term sheet with Aenergy Holdings Company Ltd, a wholly-owned subsidiary of another SGX-listed ISDN HOldings Limited, for the subscription of new shares in Aenergy for a...

Mission Energy & The Collapsed Oleochemical JV

Mission NewEnergy Ltd, a company listed on the stock exchange of Australia (ASX), is waiting arbitration ruling on its petition for approximately US$85 million in Indonesia against the 30% joint venture partner in the proposed Indonesian joint venture project for an...

Cement Industry & Chinese Players

Indonesia’s cement price is among the highest in the region. Per ton price is around US$114, more than twice of average cement price in China. In some remote areas like Papua, cement price could be more than US$300 per ton. Huge margins recorded by cement...

Sinarmas Group & Media Industry

Sinarmas Group is now among the most aggressive players in media industry. After the launching of Orange TV, cable TV services, the group expanded its multimedia and Internet services business. The most recent is capital investment in MyRepublic Limited, a company...

Mining Slowdown & Explosive Materials

Pretty much as predicted, slowdown in coal mining and export ban on mineral ores have affected domestic demand of explosive materials and, accordingly, key precursors like ammonium nitrate. Ancora Resources, parent of Multi Nitrotama Kimia, for example, reported 7.6%...

Amcor Acquires Indonesian Flexible Packaging Co

Amcor Limited, a company listed on the stock exchange of Australia (ASX), has entered into an agreement to acquire Bella Prima Packaging, an Indonesian flexible packaging business, for a total consideration of A$27 million, seven times the company’s EBITDA in...

Surprises from Glass Manufacturers

Performance of domestic glass manufacturers is highly affected by development of property, automotive, and consumer products. We all know pressures on property and automotive market and softening of consumer sector. Interestingly, two glass manufacturers listed on...
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