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,...
Jan 7, 2014 | Industries, Mining, News Group
Pertamina said domestic consumption of LPG will grow further to around 6.1 million tons this year. At average price of US$805 per ton, we are talking about US$4.9 billion business per annum here. Pertamina’s own production is only 560,000 tons per annum or about...
Jan 7, 2014 | Industries, Mining, News Group
Most people, including President SBY and some lawmakers, blame Pertamina, the state-owned company, for its decision to raise liquefied petroleum gas (LPG) for 12-Kg cylinders. Most of them missed the big picture of those who enjoy hefty profits from supplying LPG to...
Jan 7, 2014 | Industries, Mining, News Group
Kerosene-to-gas conversion program initiated by then vice president Jusuf Kalla can be considered a ‘success’ in saving the country from higher deficit in oil and gas trading. Most people now use liquefied petroleum gas (LPG) for cooking with price range...
