Jun 9, 2012 | Agriculture, Industries, News Group
Early last decade, worldwide investors were screwed by global default of APP’s US$15 billion bonds. APP is forestry division of Sinarmas Group. Today, Golden Agri-Resources, plantation arm of Sinarmas, offers $500 million convertible bonds due 2017. Citigroup,...
Jun 8, 2012 | Commodities, Industries, News Group
Indonesia has been struggling to regain its position as a net oil exporting country. The country lost its membership in OPEC because of declining oil production in one side and growing domestic consumption on the other side. Yet, the Upstream Oil and Gas Regulatory...
Jun 8, 2012 | Industries, Mining, News Group
There are at least 185 companies planning to build mineral processing facilities in the country to comply Law No 4/2009 about mining and coal, which obliges domestic processing by 2014. If all of the smelters will be built, the country needs substantial amount of...
Jun 6, 2012 | Agriculture, Industries, News Group
What an irony! Wilmar International is one of bell-weathers of Singapore Exchange (SGX). Wilmar’s subsidiary PT Cahaya Kalbar (CEKA) Tbk, meanwhile, is one of the sleeping stocks on Indonesia Stock Exchange (IDX), with less than 2 million shares exchanged per...
Jun 5, 2012 | Industries, Mining, News Group
Shipping companies worldwide have yet to recover from commodities crash in 2008 and the global economic downturn. The Baltic Dry Index, for example, hovers around 1,000, way below its peak (above 8,000). Indonesia’s new regulations on mineral export might just...
Jun 4, 2012 | Commodities, Industries, News Group
PT Sumalindo Lestari Jaya (SULI) Tbk is one of few forestry companies listed on Indonesia Stock Exchange (IDX). Some, including Resource Alam (KKGI), have left timber business to dig up coal. Sumalindo has yet to surrender the timber business, but starts to dig for...
Jun 3, 2012 | Industries, News Group
State-owned pharmaceutical company PT Kimia Farma (KAEF) Tbk was one of the best performing stocks last year. It is also one of the best so far this year with over 32% gain. Indofarma (INAF), another state-owned pharmaceutical company, has also gained almost 200%...
Jun 2, 2012 | Industries, Market, News Group
So, Yawadwipa Companies, a private equity established by former BoA Merrill Lynch banker Christopher Holm, has submitted its interest to acquire Bank Mutiara (previously Bank Century) for US$750 million or about Rp6.75 trillion. This is the amount spent by Depositors...
Jun 2, 2012 | Commodities, Industries, News Group
PT Jhonlin Baratama is one of companies controlled by Haji Andi Syamsuddin AKA Haji Isam in South Kalimantan. Jhonlin has expanded its business into airline, rubber plantation, and shipping. The group and the owner have been under pressures in the past three years....
Jun 2, 2012 | Industries, Mining, News Group
Bima Regent in West Nusa Tenggara (NTB) has permanently revoked mining license of PT Sumber Mineral Nusantara (SMN), a company controlled by Arc Exploration Ltd, Australia following the bloody riot between protesters and security officers. Today, local people in...
