• Coal Price Expected to Fall up to Late-October 2017

    Coal supplies in China are estimated to show a 5.8 million ton surplus in the September-October 2017 period in line with sliding coal demand in the world's second-largest economy. Therefore, coal prices should come under pressure starting from mid-August up to late October 2017. Coal demand in China will ease as local weather conditions turn normal. Meanwhile, local coal supplies are seen growing as miners want to take advantage of the higher coal price.

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  • Low Nickel Price, Vale Indonesia Scraps Smelter Construction Plan?

    Vale Indonesia, Indonesia's largest nickel producer, may need to scrap its plan to build a USD $500 million smelter in Bahodopi (South Sulawesi) as its strategic Chinese partner, for now, backed away from the project due to falling nickel prices. Initially both sides agreed to form a joint venture for the establishment of the smelter.

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  • High Non-Performing Loan Ratio in Indonesia's Shophouse Credit

    Data from Indonesia's Financial Services Authority (OJK) show that the non-performing loan (NPL) ratio in the banking sector has risen for the shophouse segment. Shophouses (in Indonesian: ruko, short for rumah toko) are very popular in Indonesia. Usually, the bottom floor is used for an office or shop (or small restaurant), while the higher floors can be used for storage or residence.

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  • Tony Fernandes Reiterates Indonesia AirAsia's 2017 IPO Plans

    Tony Fernandes, Chief Executive of Airasia, said the Malaysian group plans to conduct an initial public offering (IPO) for its Indonesia AirAsia unit on the Indonesia Stock Exchange before the end of 2017. By selling a stake of between 25-30 percent to the public, the low-cost airline aims to generate funds required for further business expansion (specifically for the purchase of new airplanes and opening of new flight routes).

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