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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
Thursday, 02 August 12
OIL & GAS COMPANIES TO MEET IN MYANMAR FOR UPDATES ON NEW ROUND OF BIDDING AND INVESTMENT POTENTIAL IN UPSTREAM OIL, GAS, AND POWER GENERATION
Press Release - 2nd MOGP Summit (Myanmar Oil, Gas & Power) will convene in Yangon from 3 – 6 September 2012, to unveil new round of biddin ...
Thursday, 02 August 12
DRY BULK MARKET RATES CONTINUE SLUMP AMID SLOWER DEMAND NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on its downward path Wednesday, as the BDI (Baltic Dry Index) kept retreating to new lows. The index was down by 2.12 perce ...
Monday, 30 July 12
DRY BULK MARKET TO REMAIN UNDER PRESSURE FOR THE REST OF 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In an interview with Hellenic Shipping News Worldwide, Mr. Yannis Pachoulis, President of the Hellenic Shipbrokers' Association, remains cautiously ...
Sunday, 29 July 12
FREIGHT MARKET MOMENTUM CONTINUES TO WEAK
COALspot.com - The freight market continued to soft this week with all the segments dropped and the BDI fell below 1,000 points and closed at 933 po ...
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- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
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