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Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS


Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting dividend contributions to the government.

Net income at companies including PT Tambang Batubara Bukit Asam and PT Pertamina may fall to 70 trillion rupiah (US$5.8 billion) from 78 trillion rupiah in 2008, Said Didu, secretary to State Enterprises Minister Sofyan Djalil, told reporters in Jakarta yesterday. The government may get 25 trillion rupiah in dividend payments from the companies, he said.

To read more click Tanhnien news 



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Recent News

Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal * Petcoke prices up $10/T Feb-Jun, set to rise further * Domestic U.S. petcoke demand ma ...


Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...


Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
  The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...


Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...


Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will ...


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