Egypt clears Indonesia of tire dumping

allegations Indonesia introduces cheap fuel product

2008-03-17 13:47:33 2008-03-17 16:27:27

Xinhua, After an 18-month-long investigation,
Egypt announced it would drop a 40 percent anti-
dumping tax applied to Indonesian tire products
and said dumping allegations were cleared, local
press said Monday.
Xinhua, Indonesia's state-run oil and gas firm
Pertamina on Monday introduced fuel products
made of liquefied petroleum gas (LPG) which
sells at a mere 3,600 rupiah (about 39 U.S. cents)
per liter.

Before the allegations and consequent inquiry,
Indonesia had controlled some 40 percent of
Egypt's tire market but was accused of flooding
the country with low cost products.
Indonesia airline loses half its fleet after
default
Mar 17, 2008 5:24am EDT
Reuters, Indonesian budget carrier Adam Air,
which has been warned about its safety standards,
said on Monday that a leasing firm seized more
than half its fleet after the airline defaulted on its
payments.
Called as Vigas, the fuel product is available at
three Pertamina fuel outlets in Jakarta and the
number will be increased to nine by the end of the
year, said Pertamina deputy marketing director
Hanung Budya.
Indonesia threatens to close Adam Air in 3
weeks; airline has defaulted on debt payments
March 17, 2008
The Associated Press, Indonesia threatened
Monday to close low-cost carrier Adam Air after
two of its largest shareholders announced plans to
pull out of the beleaguered company.

Adam Air, which like all other Indonesian airlines The airline has defaulted on debt payments to
has been banned by the European Union because airplane leasing companies, which has forced the
of safety concerns, was forced to cut back several company to ground 12 of its 22 planes, said Adam
scheduled flights on Monday because it did not Suherman, whose family together with Sandra
have enough aircraft, causing delays for some Ang owns a 50 percent stake.
passengers.
Indonesia to limit tin output
Indonesia Bakrie's gets nod for $4.3 bln rights 17 March 2008 10:55:41
issue
Mar 17, 2008 10:04am GMT Commodityonline, Indonesia, the world's largest
tin exporter, will cap annual tin output at 90,000
Reuters, Shareholders of Indonesia's PT Bakrie & metric tons from this year to slow the depletion of
Brothers Tbk BNBR.JK have approved a plan to the country's metal reserves, a government report
issue 40.1 trillion rupiah ($4.32 billion) in new showed over the weekend.
shares, an official said on Monday, in the biggest
ever rights issue in the country. The regulation on the production cap will be
issued in the form of a ministerial decree," said
The diversified firm plans to use the money to Mangantar Marpaung, director of mineral and
acquire a 35 percent stake in PT Bumi Resources geothermal resources at the Ministry of Energy
Tbk BUMI.JK, Indonesia's largest coal producer, and Mineral Resources. He added that 10,000
a 40 percent stake in oil and gas explorer PT tons of the output will be sold in the domestic
Energi Mega Persada Tbk ENRG.JK, and a 40 market. Indonesia produced 80,000 tons of tin last
percent stake in property developer PT Bakrieland year, he said.
Development Tbk ELTY.JK.
 2

Indonesia`s PT Sampoerna to invest US$66 the company said. Gas will be supplied by
mln in expansion ConocoPhillips (NYSE:COP) ' gas fields in North
03/17/08 13:36 Sumatra, it said.

ANTARA, Agribusiness company PT Sampoerna
Agro (JSX:SGRO) has said it will invest up to
Rp600 billion (US$66 million) this year building
new palm oil processing plants and expanding oil
palm plantations.
The company planned to start planting oil palm
trees on more than 15,000 hectares of plantation
land in Sumatra and to open 20,000 hectares of
new plantation lands, President Allan Goeh said.
Indonesia's Excelcom says may lift free float in
H2
Mar 16, 2008 10:40am EDT
Reuters, Indonesia's third-largest mobile phone
firm, PT Excelcomindo Pratama Tbk EXCL.JK,
said on Sunday it may raise its free float of shares Andhra Pradesh. It is estimated that the
to above 10 percent in the second half of 2008.
The company is also in the final stage of
appointing a financial adviser and my pick
JPMorgan (JPM.N: Quote, Profile, Research),
President Director Hasnul Suhaimi said.
R-Power to pick 100% in Indonesia coal mine
17 Mar, 2008, 0231 hrs IST
Economictimes, Reliance Power, the flagship
power company of the Anil Dhirubhai Ambani
group, has struck a deal to buy out a coal mine in
Indonesia located in South Sumatra. The
valuation of the coal mine, based on its reserves,
is estimated to be around Rs 20,000 crore. The
company is expected to announce its acquisition
in a day or two.
The coal mine, which has resources of 2 billion
tonnes, is spread over 100,000 acres, equivalent to
Greater Mumbai area. The greenfield coal mine, a
discovered asset, will be the prime source of fuel
for Reliance’s power project in Krishnapatnam in
Krishnapatnam ultra mega power project would
require about 14 to 15 million tonnes of coal
every year.

Indonesia's Indocement 2007 net profit jumps

66 pct
Mar 17, 2008 6:28am EDT

Reuters, PT Indocement Tunggal Prakarsa Tbk

INTP.JK, Indonesia's second-biggest cement firm,
on Monday reported a 66 percent rise in 2007 net
profit, reflecting a building boom and improved
efficiency.

Indocement's net profit rose to 983.69 billion

rupiah ($106 million) from 592.8 billion in 2006.

Indonesia's PGN to build 664-km gas pipeline

in North Sumatra
March 17, 2008: 04:28 AM EST

Thomson Financial, Indonesian state gas

distributor company PT Perusahaan Gas Negara
(PGN) said Monday it will build a 664-kilometer
long gas transmission pipeline linking Sumatra's
towns of Duri, Dumai and Medan.

The pipeline will have a capacity of carrying 250-

300 million standard cubic feet per day (mmscfd),