• Indonesian Crude Palm Oil (CPO) Exports Rose 13% in March 2014

    The Indonesian Palm Oil Association (Gapki) stated that exports of Indonesian crude palm oil (CPO) and its derivatives have increased 13 percent to 1.79 million tons in March 2014 from 1.58 million tons in the previous month. The increase was particularly due to a surge in the price of soybeans since February which makes importers shift their focus to CPO and its derivatives as a substitute for soybeans. Moreover, CPO prices have risen due to speculation about the looming El Niño cycle and declining stockpiles in Indonesia and Malaysia.

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  • Strong Property Development Supports Growth of Indonesian Ceramic Industry

    Growth of the Indonesian property sector, estimated at 10 to 15 percent in 2014, boosts sales of ceramics. Similarly, the nation's construction sector - which grew 7 percent per year on average between 2009 and 2013 - stimulates the ceramic industry. This year, revenue in the Indonesian ceramic industry is projected at IDR 34 trillion (USD $3.0 billion). About 85 percent of total revenue in the country's ceramic industry is forecast to be generated through domestic sales, the remainder through exports abroad.

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  • Perusahaan Gas Negara (PGN): Indonesia's Largest Gas Company

    An updated company profile of Perusahaan Gas Negara (PGN) is presented in the Indonesian Companies section. PGN, a government controlled enterprise, is Indonesia's largest natural gas transportation and distribution company. The company and its subsidiaries developed and currently operate a distribution network that extends for 3,950 kilometers as well as a 2,047 kilometer-long transmission pipeline network. Perusahaan Gas Negara is positioned among the largest listed Indonesian companies in terms of market capitalization.

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  • Projections Indonesia's April 2014 Inflation and March 2014 Trade Balance

    Head of Statistics Indonesia (Badan Pusat Statistik or BPS) Suryamin said that inflation in April 2014 is estimated to be low or will turn into deflation as food stockpiles in a number of regions are sufficient amid the peak of the harvest season. Suryamin based his estimation on BPS monitoring conducted from 17 April. The monitoring indicated that prices of the main food commodities (which include rice, chili, chicken meat, cooking oil as well as beef) are stable or even declining from the previous month.

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