China’s decision to cut interest rate failed to cheer up Wall Street. The Dow Jones Industrial Average (DJIA) lost 1.3% in a volatile session Tuesday. WTI crude oil, however, regained grounds to above US$39 per barrel on Nymex.

The benchmark November contracts of crude palm oil (CPO) dropped more than 3% to RM1915 per ton (US$456 per ton) on Bursa Malaysia Derivatives Monday (Aug 21) due to the global rout in financial market and commodities. September contracts were settled at RM1844 per ton as output seems to have grown further in July.

YTL Jawa Energy BV, a company controlled by Malaysian power generation company YTL Power, has acquired 80% shares of PT Tanjung Jati Power Company (TJPC) from Bakrie Group for cash consideration of US$2 million. TJPC, as you know, was granted the Tanjung Jati A coal-fired power plant project by Soeharto regime in 90s.

The benchmark November contracts of crude palm oil (CPO) dropped further by 3% to RM1927 per ton on the Bursa Malaysia Derivatives this morning, while October contracts fell RM60 to RM1901 per ton, to tracking global rout of commodities and responding higher stockpiles in Indonesia and Malaysia.

Corn, by far, is the second most important cereal crop in Indonesia after rice. In a bid to boost food security, one of important targets of Jokowi-Kalla administration, ministry of agriculture targets corn output of 21.35 million tons next year.

Tuna Block is one of offshore oil and gas blocks located in the border of Indonesia, Malaysia, and Vietnam operated by UK-listed Premier Oil Plc. The government of Indonesia awarded the block to a consortium led by Premier Oil back in March 2007.

Composite index of Indonesia Stock Exchange (IDX) collapsed 2.4% Friday (Aug 21) on broad market sentiment as foreign investors continued their selloffs with net sell of Rp770 billion. Shares of some coal producers, however, were among few gainers of the day despite reports about lower coal prices in Australia following devaluation of yuan.