Aug 5, 2012 | Industries, Mining, News Group
Last week, energy and mineral resources Jero Wacik defended Chevron, the largest crude oil producer in Indonesia, saying there was no fictitious project related to the use of bioremediation technology for the US company’s operation in Riau. Attorney...
Aug 3, 2012 | Agriculture, Industries, News Group
Petra Foods Limited, a company listed on Singapore Exchange (SGX) but with substantial operation in Indonesia reported 34.6% net profit growth to US$78.7 million last year as its sales revenue grew 8.7% to US$1.7 billion. We have also seen aggressive expansion in the...
Aug 3, 2012 | Industries, Mining, News Group
Investors responded negatively Government Regulation No. 24/2012. Share prices of ASX-listed mining companies with mining licenses in Indonesia dropped substantially. Two of them gave somewhat opaque statement about implication of the regulation to their Indonesian...
Aug 3, 2012 | Industries, Mining, News Group
Most people talk about dire implication of GR No 24/2012 signed by President SBY two weeks ago on Freeport Indonesia, especially on divestment of at least 51% shares to Indonesian company after 10 years of commercial production. Let’s talk about it later. For...
Aug 2, 2012 | Commodities, Industries, News Group
Sebuku Block is home to the Ruby Gas Field with capital investment of US$500 million. The gas field has secured plan of development from government of Indonesia in July 2008 to produce about 100 MMSCFD of gas for fertilizer plant in North Bontang, East Kalimantan. The...
Aug 2, 2012 | Commodities, Industries, News Group
Anadarko Petroleum has just posted net loss of US$2.65 billion last year, mostly related to US$4 billion payment to settle the dispute with BP related to the Gulf of Mexico disaster. What the company will do with its oil and gas assets in Indonesia? Rumors in the...
Aug 1, 2012 | Industries, Profiles
Started out business in fashion, Kagum Group has grown into a substantial property and leisure group in the country. The group might be considered king of factory outlets in the country. It has also expanded into banking and dinning business. We’re talking about...
Aug 1, 2012 | Commodities, Industries, News Group
Thermal coal price in Newcastle Port, Australia, the largest coal export terminal in the region, stood at US$91.55 per ton Friday (August 17). The commodity is now 26% below January 2012 price. Pressures on coal-related stocks continue in the region. In this report:...
Jul 12, 2012 | Industries, Market, News Group
Bank Maspion Indonesia, based in Surabaya, East Java, has finally kicked off the initial public offering (IPO) after years of on-and-off, including plan to divest the bank to strategic investors. The bank offers 380 million shares, representing 10.98% of its total...
Jul 11, 2012 | Industries, Mining, News Group
The Supreme Court had reportedly granted, in partial, a request by the Indonesian Nickel Association (ANI) and the Association of Municipality Governments of Indonesia (Apkasi) to have the government amending Energy and mineral resources minister Regulation No 7/2012,...
