April 2023

An exclusive deal that will lead to the development and marketing of indices for Indonesian nickel, signed by UK-based Global Commodities Holdings Limited (GCHL), could change the landscape for referencing nickel prices, industry sources say. Since last March, when the London Metal Exchange (LME) suspended nickel trading for more than a week after prices erupted …

Global Commodities’ Indonesian nickel indices plan may be a game-changer Read More »

Plantation issuer PT Sinar Mas Agro Resources and Technology Tbk. (SMAR) posted a jumbo profit of IDR 5.50 trillion in 2022, a significant increase of 94.59 percent compared to the same period in 2021 of IDR 2.83 trillion. In its report, PT SMART Tbk. recorded a slight increase in FFB and palm product production in …

Sinarmas Group Issuer, PT SMART Tbk (SMAR) Makes Jumbo Profits of IDR 5.5 Trillion Read More »

The formulation team for the price of fresh fruit bunches (FFB) for palm oil in Jambi Province for the period April 7-13 2023, set the price of crude palm oil (CPO) to increase by IDR 126 per kilogram from IDR 12,717 to IDR 11,843 per kilogram. This FFB price is the price intended for farmers …

CPO prices in Jambi increased by IDR 126 per kilogram for the period 7-13 April 2023 Read More »

In a recent study conducted by Transparency International (TI) Indonesia, it was noted that the perception of anti-corruption among palm oil companies in Indonesia is still very low. The agency assessed 50 palm oil companies from various aspects, including the anti-corruption program, the existence of politically exposed persons (PEPs), and the reporting of the company’s …

Directors and Commissioners of 50 Palm Oil Companies Generally Have Bureaucratic Backgrounds Read More »

PT Trimegah Bangun Persada Tbk (NCKL) has set the initial public offering price at Rp 1,250. This is the upper limit of the bookbuilding price set by NCKL, which is in the range of Rp. 1,220 to Rp. 1,250. Launching a short prospectus in KONTAN Daily. Tuesday (4/4), the number of shares offered by NCKL …

Harita Group Nickel Mining Issuer (NCKL) Sets IPO Price of IDR 1,250 Per Share Read More »

Chairman of KADIN Indonesia and ASEAN Business Advisory Council (ASEAN-BAC) Arsjad Rasjid also urged the US to be fair in providing green subsidies for minerals for electric vehicles, following the publication of guidelines on tax credits for battery and EV manufacturers under the US government’s Inflation Reduction Act. in the future. The law states that …

KADIN Urges the United States to be Fair regarding Nickel Subsidies for Electric Vehicles Read More »

PT PAM Mineral Tbk (NICL), a nickel producing company, throughout 2022 recorded a net profit of IDR 150 billion, up 230% from 2021 of IDR 45.5 billion. The increase in revenue has triggered an increase in the company’s profits. Meanwhile, on the operating profit side, PT PAM Mineral Tbk recorded a significant increase of 208% …

Nickel Producer Net Profit PAM Mineral Tbk Flying 230% Read More »

PT RMK Energy Tbk (RMKE) posted a net profit of IDR 404.1 billion in 2022. This figure has increased by 101.5% compared to the 2021 period which amounted to IDR 398.2 billion. “The increase in financial performance was supported by an increase in coal volume amid the current price normalization,” said Director of Operations at …

The Highest Record, RMK Energy (RMKE) posted a Net Profit of IDR 404.1 Billion in 2022 Read More »

The annual general meeting of shareholders (AGMS) of PT Indo Tambangraya Megah Tbk (ITMG), Thursday (30/3/2023), determined that the total dividend for the 2022 financial year was US$ 774 million or 65% of last year’s net profit of US$ 1 .2 billion. The dividends include an interim dividend of US$ 299.5 million or the equivalent …

April 2023, Indo Tambangraya Megah (ITMG) Pays Again IDR 6,416/Share Dividend Read More »

Minister of Finance Sri Mulyani revealed that many investors want to invest in energy transition projects in Indonesia. However, investors who want to participate in financing the early retirement program for coal-fired power plants are still minimal. According to Sri Mulyani, most investors only want to invest their money in new renewable energy development projects. …

Sri Mulyani Wants Investors to be Paid for Coal Generator Pensions Read More »