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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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Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
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Showing 4941 to 4945 news of total 6871 |
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- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
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