• Mitrabahtera Segara Sejati: Indonesian Sea Logistics Service Provider

    The company file of Mitrabahtera Segara Sejati has been added to the Indonesian Companies section. Mitrabahtera Segara Sejati, a subsidiary of Indika Energy, is a leading Indonesian integrated services provider of sea logistics and transshipment. The company focuses on the transport of natural resources, particularly coal, and bulk materials. In the first half of 2013, its net profit grew 7.1 percent (yoy) to USD $19.5 million and the company's revenues increased 10 percent to USD $74.9 million.

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  • Indonesian Rupiah Exchange Rate Continues Downslide on Wednesday

    The Indonesian rupiah exchange rate maintained its downward trend on Wednesday (27/11). Bank Indonesia's mid rate depreciated 0.41 percent to IDR 11,813 per US dollar. Investors remain concerned about Indonesia's wide current account deficit. Today, Finance Minister Chatib Basri said that the current account deficit will be around USD $30 billion by the end of 2013, significantly up from USD $24 billion at the end of 2012. In the third quarter of 2013, the current account deficit was USD $8.4 billion (3.8 percent of Indonesia's GDP).

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  • Dayaindo Resources International Delists from Indonesia Stock Exchange

    Dayaindo Resources International (listed code: KARK), an Indonesian natural resources and mining, renewable energy and infrastructure investment company, will be delisted from the Indonesia Stock Exchange (IDX) on 27 December 2013. Procedures for the delisting started today (Wednesday 27/11). In July 2013, the IDX had already temporarily suspended trading in shares of Dayaindo Resources International due to the company's outstanding debt to several creditors.

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  • Falling Production & Growing Imports: Revitalizing the Indonesian Tea Sector

    The tea industry of Indonesia has been in decline in the last decade. During this decade, the size of Indonesia's tea plantations fell from 150,000 hectares (ha) to 120,000 ha. The country's tea production and tea export slowed, while tea import grew. The lucrative business prospects of palm oil is partly responsible to have caused Indonesia's tea output to stagnate as some tea plantations have been transformed into palm oil plantations. To reverse this situation, the Indonesian government intends to revitalize the country's tea sector.

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