JAKARTA: Indonesia and China inked trade and investment deals worth $28.2 billion on Thursday as Chinese President Xi Jinping paid a state visit to Southeast Asia’s biggest economy.
Representatives from the two countries’ business communities signed deals in the mining, manufacturing, energy and transport sectors.
http://www.channelnewsasia.com/news/business/international/china-indonesia-ink-deals/835564.html
CHANGSHU, China, Oct. 3, 2013 /PRNewswire-FirstCall/ — Sutor Technology Group Limited (the “Company” or “Sutor”) (Nasdaq: SUTR), a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced that it has made significant progress on developing B2B Internet Trading Platform.
As of today, a number of globally well-known companies have joined the platform, including AkzoNobel, Minmetals USA, China Minmetals Corporation, Baogang Group and China Railway Group Limited.
http://online.wsj.com/article/PR-CO-20131003-905539.html
Tohoku Electric Power Co. (9506.TO) has agreed to buy Australian thermal coal from Glencore Xstrata PLC (GLEN.LN) for delivery in the year from October 2013 through September 2014 at $85.80 a metric ton, a big drop from their year-earlier contract price of $96.90 a ton, a person with direct knowledge of the talks said Wednesday.
The 11% price drop has wide significance for the coal market the two companies’ term-pricing deals serve as a benchmark for other Japanese utilities, as well as for some Taiwanese and South Korean buyers.
http://online.wsj.com/article/BT-CO-20131002-701779.html
The Department of Energy (DoE) has formally launched the much-anticipated public-consultation phase for the formulation of an Integrated Energy Plan (IEP) for South Africa, which it says should be published during the course of 2014.
In July Cabinet endorsed a draft Integrated Energy Planning Report, which is providing the basis for the current set of consultations. The engagements began in Johannesburg on September 25 and will be taken to Cape Town and Durban, as well as to some other provincial centres during the course of October.
Indonesia will emerge as the main driver in the international gasoline market as imports to Southeast Asia’s biggest economy increase to meet domestic demand, according to a forecast from Wood Mackenzie, a global energy think tank.
“From 2012 to 2018, Indonesia’s gasoline deficit will grow from 340,000 barrels per day (bpd) to around 420,000 bpd,” Sushant Gupta, Wood Mackenzie’s Asia Pacific head of downstream research, said in a statement released on Thursday.
http://www.thejakartaglobe.com/business/indonesia-to-run-worlds-biggest-gas-deficit-by-2018/
JAKARTA, Sept. 17 (UPI) — The Indonesian government announced the first round of auctions for more than a dozen oil and gas blocks has been initiated.
The Indonesian Ministry of Energy and Resources called on international energy companies to submit bids for 18 onshore and offshore blocks primarily in the eastern part of the count.
(Reuters) – Two of Indonesia’s biggest miners are building power stations to reignite coal demand and counter a drop in global prices that has squeezed industry-wide profit margins to their slimmest in a decade and dulled the appeal of exports to top consumer China.
http://in.reuters.com/article/2013/09/16/indonesia-coal-idINL4N0GM28820130916
NEW DELHI: Neyveli LigniteBSE 1.05 % is examining 89 proposals from Indonesia, Australia, Mozambique, the US and a few other countries offering coal assets and long-term fuel supplies among other things for its upcoming power projects. The company is likely to take a final call on these by November.
Jakarta, Indonesia, Sept 12, 2013 (Menafn – ACN Newswire via COMTEX) –IFC, a member of the World Bank Group, sees attractive investment opportunities in Indonesia in the long-term, despite investors recently withdrawing funds from Indonesia. IFC’s own investments in Indonesian companies jumped almost 50 percent in fiscal year 2013, which ended in June, from a year earlier to support infrastructure upgrades and improve financial access in the country.
Funds are rushing back into Indonesian shares this week in the wake of the emerging market sell-off, but analysts are divided on whether investors should go with the flow.
Indonesian shares fell by around 9 percent in August, among the worst performers in a broad emerging market sell-off as concerns over the country’s current account deficit spurred outflows. However, the archipelago’s shares have been regaining lost ground in September, up around 3 percent month to date. The index finished Tuesday up 4 percent.
http://www.cnbc.com/id/101021481
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