Below is a list with tagged columns and company profiles.

Today's Headlines Seafood

  • Panca Mitra Multiperdana Prepares IPO on Indonesia Stock Exchange

    Indonesia-based shrimp producer and exporter Panca Mitra Multiperdana plans to conduct its initial public offering (IPO) on the Indonesia Stock Exchange in the second or (early) third quarter of 2018. Martinus Soesilo, President Director of Panca Mitra Multiperdana, said the company will offer a maximum stake of 30 percent to the public. Soesilo added that there is one strategic investor that is eager to invest in the company.

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  • Kelola Mina Laut Group Prepares IPO on the Indonesia Stock Exchange

    Seafood company Kelola Mina Laut Group (KML Group), which is primarily engaged in the processing and marketing of fish products, is set to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Mohammad Nadjikh, President Director of the KML Group, said the IPO will most likely be held in the first half of 2018. The company is eager to collect new funds for further business expansion.

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  • IPO News Indonesia: Impressive Trading Debut Prima Cakrawala Abadi

    On the last trading day of 2017, Prima Cakrawala Abadi became the 37th company to make its trading debut on the Indonesia Stock Exchange this year. The company's shares immediately skyrocketed 69.33 percent to IDR 254 a piece, hence triggering the auto-rejection system. For Indonesia it was a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. There are now 567 listed companies on the Indonesia Stock Exchange.

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  • Minister Susi Pudjiastuti on Illegal Fishing in Indonesia

    Susi Pudjiastuti, Indonesia's Minister of Maritime Affairs and Fisheries, informed that still not all fishery products that are captured in Indonesian seas and waters are reported to the government. For example, in 2015 only 6 million tons of captured fish were reported to authorities, while it is estimated that production in fact reached 7.4 million tons, implying a 18 percent difference between "legal" and "illegal" fisheries production in Indonesia. In fact, Indonesia's Maritime Affairs and Fisheries Ministry believes the figure is much higher.

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  • Fishing Industry Indonesia: Leading Tuna Producer, Concern about Overfishing

    Indonesia has become one of the largest - if not the largest - tuna producing countries around the globe. It is estimated that Indonesia supplies about one million tons of the saltwater finfish per year or 16 percent of the world's total tuna supply. As such, the tuna fishing industry has become a vital component of Indonesia's fishing industry and an increasingly important foreign exchange earner within the overall economy. Susi Pudjiastuti, Minister of Maritime and Fisheries, is confident that Indonesia will enhance its key role in the world's tuna industry.

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  • Weak Infrastructure Blocks Investment in Indonesia's Cold Storage Industry

    The cold storage industry of Indonesia needs IDR 12 trillion (approx. USD $902 million) of additional investment in order to raise installed capacity to a sufficient level. Currently, Indonesia still has to cope with a deficit in terms of the availability of cold storage facilities. This causes a problem for the preserving as well as the transportation of (processed) seafood, chicken meat, fruits and vegetables. At the start of 2016 the Indonesian government announced it would open the cold storage industry to foreign investment for the full 100 percent. However, investment realization has been limited.

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  • Export Target of Indonesia's Fishery Sector Revised on Weak Demand

    The Indonesian government has revised its export target for fishery products in 2014 to USD $5.1 billion from USD $5.65 billion. This downward revision has been decided because several export markets, including the United States and Europe, still experience difficulties on their path towards economic recovery, thereby reducing demand for Indonesian fishery products. Although revised, the new target is still much higher than export realization in 2013 when USD $4.2 billion worth of fishery products were exported from Indonesia.

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