Aug 11, 2012 | Agriculture, Industries, News Group
President’s Special Delivery Unit (UKP4) head Kuntoro Mangkusubroto has reminded ministry of agriculture to immediately issue a regulation that caps ownership of oil palm plantation to 100,000 hectares for each group (holding company). How serious? How about...
Aug 10, 2012 | Agriculture, Industries, News Group
The rebound was short-lived. Crude palm oil (CPO) dropped again Monday (October 8) in both futures and physical market. The benchmark December contract down almost 2% to RM2368 per ton, while October contracts settled at RM2225 per ton. January and February 2013...
Aug 10, 2012 | Industries, Mining, News Group
Statements from Garibaldi Boy Thohir, CEO of Adaro Energy (ADRO), about possible higher coal demand from Japan failed to cheer up investors. Adaro lost 1.37%. Still, it is better than Bumi Resources, which lost 4.23%, or Borneo Lumbung (-3.7%). In this report: (1) JAT...
Aug 10, 2012 | Commodities, Industries, News Group
Central Jakarta Commercial Court has approved an application of Suspension of Debt Payment (PKPU) for PT Kartika Selabumi Mining, known as KSM Coal, a coal producer based in East Kalimantan. What’s going on? Something to do with the downfall of coal mining...
Aug 9, 2012 | Industries, News Group
Telecommunication tower operator PT Inti Bangun Sejahtera (IBST) Tbk entered the stock market this week with market cap of Rp1.028 trillion. On Friday, Sept 7, the company’s ‘value’ has soared to Rp4.5 trillion, five times its equity as of March 31,...
Aug 8, 2012 | Agriculture, Industries, News Group
Pressures on crude palm oil (CPO) continue Wednesday (Aug 6) as August contracts slashed RM89 to RM2785 per ton, while September contracts fell RM63 to RM2,821 per ton. Plantation shares, interestingly, ended mixed in narrow range in the region. Price moved in narrow...
Aug 8, 2012 | Industries, Mining, News Group
Intrepid Mines (IAU) Limited retreated 12% on ASX Wednesday as uncertainties linger on the future of its ‘economic interest’ in the prospective Tujuh Bukit gold-copper-silver project in East Java. Also in this report: (1) Sumatra Copper & Gold, (2) Arc...
Aug 6, 2012 | Industries, Mining, News Group
Adaro Energy (ADRO) and Bukit Asam (PTBA), two of top 10 coal producers in Indonesia, have released their financial results for the first quarter of 2012. Adaro posted 11.8% net profit growth to US$121.8 million, while Bukit Asam recorded 14.4% profit growth. Bukit...
Aug 5, 2012 | Commodities, Industries
The government might have been lost direction in determining fuel price policy. But, that’s not the case with natural gas and geothermal. Today, gas producers got a boost with 49% price hike for sales to PT Perusahaan Gas Negara (PGAS) Tbk, the state-owned gas...
