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Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world’s biggest palm oil exporter could further depress prices FCPOc3, which have fallen by about 50% since late April to their lowest in over a year.
Indonesian palm oil producers have been struggling with high inventories since the country imposed a three-week export ban through to May 23 to reduce domestic cooking oil prices.
Since lifting the ban, Jakarta has implemented rules on mandatory local sales – known as the domestic market obligation (DMO) – to keep produce at home to be made into cooking oil.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels.
The levy removal is intended to further support exports, Febrio Kacaribu, the ministry’s head of fiscal policy agency, told reporters on the sideline of a G20 finance meeting in Bali.
“In the context of government revenues, (the impact) won’t be too big,” he said.
Finance Minister Sri Mulyani Indrawati said a progressive palm oil export levy would be applied starting Sept. 1, with the rate set between $55 and $240 per tonne for crude palm oil, depending on prices.
High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
There were 7.23 million tonnes of crude palm oil in storage tanks at the end of May, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.
GAPKI welcomed the new measure, but it recommended the DMO rules be removed too, its secretary general Eddy Martono said.
“For now remove the DMO … until stocks drop to 3 million to 4 million tonnes. Our problem now is the inventory is too high,” he told Reuters.
Source: Reuters
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Saturday, 29 August 20
COAL INDIA'S FUEL SUPPLY TO POWER SECTOR DROPS ABOUT 20% IN APR-JUL: PTI
State-owned Coal India”s fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 million tonnes (MT) in the April-Jul ...
Saturday, 29 August 20
SOUTH KOREAN BROKERAGE FIRM KOREA INVESTMENT & SECURITIES TO STOP ALL COAL BUSINESS - KOREA HERALD
South Korean brokerage firm Korea Investment & Securities has decided to stop its investments in coal, in line with the Moon Jae-in administrat ...
Thursday, 27 August 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 985,000 TONS OF BITUMINOUS COAL FOR NOVEMBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 985,000 ...
Thursday, 27 August 20
SOUTHEAST ASIAN NATIONS SET REGION-WIDE RENEWABLE ENERGY GOAL OF 23 PERCENT BY 2025 - ASEAN POST
The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable so ...
Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
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Showing 806 to 810 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
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