Jan 6, 2014 | Commodities, Industries, News Group
The government of Indonesia insisted to implement export ban on mineral ores by January 12, 2014 pursuant to Law No 4/2009. Companies (miners), which have yet to do processing and refining, will not be allowed to export mineral ores, while those having processing and...
Jan 6, 2014 | Agriculture, Industries, News Group
Three years ago, Matahari Kahuripan Indonesia (Makin Group), controlled by Susilo Wonowodijojo (one of shareholders of Gudang Garam, second largest cigarette player), reportedly had around 130,000 hectares of planted area. Back then, the group only produced around...
Jan 6, 2014 | Industries, Market, News Group
Entering 2014, Wingfield Global Trading Pte Ltd sold 139.13 million shares or about 4% of total issued shares of Bank Mayapada International (MAYA) to J Trust Asia Pte Ltd at Rp1600 per share. Brilliant Bazaar Pte Ltd has also sold 139.13 million MAYA shares to J...
Jan 6, 2014 | Commodities, Industries, News Group
Oil and gas contributed to 17% of Indonesia’s export revenues in 11 months of 2013, but accounted for 24% of the country’s import. As a result, Indonesia suffered oil and gas deficit of US$11.84 billion in the period, surged by 144% from the corresponding...
Jan 2, 2014 | Industries, News Group
For over 100 million Indonesians, 2014 should be the year of affordable healthcare. The President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY) launched the country’s first Universal Healthcare (JKN) program on Tuesday Dec. 31, 2013, or nine years...
Oct 26, 2012 | Commodities, Industries, News Group
PT Multi Sinar Kencana was established in March 2006 to engage in timber industry/wood working machinery business. Two years later, the company changed its main business to coal mining. How many companies like that in the country? They cut down the trees and then dig...
Oct 12, 2012 | Commodities, Industries, News Group
PT Tiga Baji is one of companies planning to develop nickel smelter in Morowali, Central Sulawesi province. Like others, however, the company’s smelter might not be able to start commercial operation in 2014, the year when miners shall not export minerals in...
Oct 12, 2012 | Commodities, Industries, News Group
Coal stocks end mixed Monday (Dec 10) with Shenhua down 0.93% in Hong Kong, while BHP Billiton gained 0.6% in Sydney. In Jakarta, Bakrie-related coal stocks ended mostly in red as conflicts at Bumi Plc yet to settle down. In this report: (1) Delta Dunia Makmur, (2)...
Oct 11, 2012 | Industries, News Group
Media Nusantara Citra (MNCN), the largest TV broadcasting company in the country, has signed a new investment credit of Rp300 billion with regional development bank Bank BJB. Why the company should take new loan while maintaining over Rp2 trillion of its cash in...
