• Indonesia Eyes New Coal Price Formula, Mining Shares Plunge

    Several big coal mining companies, listed on the Indonesia Stock Exchange, saw their shares slide drastically on Wednesday (13/09) after Indonesian Energy and Mineral Resources Minister Ignasius Jonan announced to be considering formulating new rules to determine the price of coal for domestic supplies. However, no time-frame was given as Jonan will first listen to input from the mining sector.

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  • Indonesia to Tighten Monitoring of Satellite Operators

    The Indonesian government said it will ban the use of satellites that have exceeded their life expectancy in order to avoid incidents such as happened with the Telkom-1 satellite. Last month millions of Indonesians could not use ATMs (for withdrawing money and conducting various payments) for several days as the Telkom-1 satellite, which is used by several banks in Indonesia for data transmission, suffered technical difficulties.

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  • Cement Industry Indonesia Update: Positive Domestic Sales & Exports

    Cement consumption continued to improve in Indonesia in August 2017 on the back of rising demand from Java and the eastern region of Indonesia. Widodo Santoso, Chairman of the Indonesian Cement Association (ASI), said Indonesia's cement consumption rose 9 percent year-on-year (y/y) to 6.47 million tons in August 2017.

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  • Ombudsman Urges Indonesian Consumers Not to Buy Meikarta Property

    The Lippo Group continues to aggressively promote its ambitious Meikarta project in Indonesian media and in various strategic locations. In fact, the group claims that pre-sales of apartment units has already reached 130,000 per August 2017, an impressive number. However, the project is controversial because the developer reportedly did not obtain all necessary permits and land that is required to construct the integrated township.

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