• Steelmakers in Indonesia Advised to Engage in Mergers & Acquisitions

    Competitiveness in Indonesia's steel manufacturing industry can be strengthened if Indonesian steelmakers, especially the smaller ones, decide to engage in mergers and acquisitions (M&As). Mas Wigrantoro Roes Setiyadi, General Chairman of the Indonesian Iron and Steel Industry Association (IISIA), advises Indonesia's smaller steel producers to embrace M&A to make their business more economically and efficiently.

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  • Coal Mining Update Indonesia: Price, Export & Consumption

    Coal imports into China are expected to recover in the last two months of the year and therefore various analysts say the coal price is able to touch beyond USD $97 per ton before the year-end. In October coal imports into China - the world's largest coal importer - had fallen by a whopping 24 percent (m/m) to 21.3 million tons due to the availability of plenty domestic coal supplies.

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  • JICA & Indonesia Sign Loan Agreement for National Strategic Projects

    The Indonesian government sign an agreement with the Japan International Cooperation Agency (JICA) for a soft loan related to the funding of two national strategic priority projects. The government will borrow 127.2 billion Japanese yen (approx. USD $1.1 billion) for the construction of the Patimban Seaport in West Java (USD $1.05 billion) and for turning the Gadjah Mada University into a world class university (USD $66.67 million).

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  • Cement Consumption in Indonesia Rises Ahead of Year-End

    Demand for cement in Indonesia is rising ahead of the year-end. Growing cement demand is attributed to the speeding up of construction of several national strategic infrastructure projects. Widodo Santoso, General Chairman of the Indonesian Cement Association (ASI), said cement consumption in Indonesia rose 12.5 percent year-on-year (y/y) to 6.76 million tons in October 2017.

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