headline-resources
Rates on hold, growth slower but resilient; resource sector in focus - Weekly report | Sector data
Main story: Bank Indonesia likely to keep rates on hold; growth to slow but stay resilient Bank Indonesia kept benchmark interest rates steady this week and is likely to remain on hold until later in the year despite an imminent rise in inflation, but despite the central bank’s efforts and an improvement in the balance Full Article
Tato Miraza is new CEO of Antam, replacing Alwinsyah Lubis | Executive data
(Insider Stories) – Shareholders of state-owned mining company PT Aneka Tambang (IDX:ANTM) have picked Tato Miraza as president director (CEO) to oversee its expansion plans, replacing Alwinsyah Lubis. Miraza joined Antam in 1992 and held several key posts, eventually becoming development director in 2008, a position he held until his promotion this week. Tato aims to Full Article
Indonesia has Scope to Capture More India Inc. Investment in Autos, Food, Infrastructure | Insider sector data
India’s companies have yet to make serious inroads into Indonesia but Southeast Asia’s biggest economy has potential to capture more outbound M&A, as rising incomes and more skilled workers boost growth in sectors like food, manufacturing and resources while improvements to the regulatory environment slowly open up a huge potential infrastructure market, Indian government and Full Article
Medco Establishes Joint Operating Company to Operate Libya Area 47 Insider Company
(The Insider Stories) - Indonesia’s biggest listed oil and gas company, PT Medco Energi Internasional Tbk, on Tuesday (03/26) announced the official establishment of the Joint Operating Company (JOC) with its partners, the National Oil Corporation of Libya (NOC) and the Libyan Investment Authority (LIA). The JOC will be the operator for development and production Full Article
INSIDER COMPANY: Berau EGMS OKs Eko Santoso Budianto As CEO; Bumi Plc talks
(Insider Stories) — An extraordinary shareholders meeting of PT Berau Coal Energy Tbk (BRAU), Indonesia’s fifth-biggest coal producer by output, Thursday approved the appointment of Eko Santoso Budianto to take over as president director from Rosan Perkasa Roeslani. Shareholders also approved a new format for Berau’s board of directors and commissioners. President Director: Eko Santoso Full Article
Bukit Asam’s Profit Falls 6% to IDR2.9 tln in 2012
(The Insider Stories) - State controlled coal mining firm, Bukit Asam (PTBA), booked a minor decline in its profit last year, amid the falling price of coal in the international market. The company’s net profit fell 6 percent to Rp 2.9 trillion in 2012 from 3.09 trillion in the previous year. PTBA’s revenue actually rose Full Article
Lotte Plans $5b Petrochemical Plant in Indonesia
Insider Stories - Lotte Chemical Corporation, part of Lotte Group, South Korea’s conglomerate with diversified businesses, plans to build a $5 billion petrochemical plant in Cilegon, Indonesia’s Banten province, a high level official at the industry ministry said. Kim Gyo Hyun, Executive Director of Lotte Chemical, came to Indonesia and visit Indonesia’s Industry Minister office Full Article
