JAKARTA, May 2 (Bloomberg): PT Pertamina, Indonesia’s state-owned oil and gas company, is weighing an initial public offering of its exploration unit that could be the biggest first-time share sale in Southeast Asia in more than a decade, according to people with knowledge of the matter.
The potential listing of PT Pertamina Hulu Energi could raise at least US$3 billion, said the people, who asked not to be named as the information is private. Pertamina has picked advisers and is targeting holding the Jakarta offering as soon as next year, the people said.
Deliberations on the prospective deal are at an early stage and the size and timing could change, the people said.
Selasa 20 Apr 2021 00:15 WIB
Rep: Intan Pratiwi/ Red: Elba Damhuri
The office of Adaro Energy (ADRO) in Jakarta Foto: Republika/Yogi Ardhi
PT Adaro Energy is accelerating the production of coking coal this year. REPUBLIKA.CO.ID, JAKARTA PT Adaro Energy is accelerating the production of coking coal this year. In the long term, Adaro s coking coal production will be balanced with thermal coal production. Adaro Energy Chief Finance Officer Lie Luckman explained that in the last year Adaro sold 1.5 million tons of coking coal. As to the company will increase production from coking coal mines, Adaro targetting sales of coking coal to reach 2.4 million tons.
Indonesian police may probe coal miners over deforestation-linked floods
The Indonesian police say they might investigate coal companies for their alleged role in recent deadly floods that struck southern Borneo.
Critics accuse the companies of degrading the water catchment in South Kalimantan province through deforestation and sedimentation, which they allege amplified the impact of the rain-fueled floods.
The government, meanwhile, is under fire for issuing more permits than the previous three administrations.
Activists warn the environmental degradation in the province will only get worse under a slate of controversial deregulation measures passed by the government last year, which they say caters to coal companies at the expense of the environment.
Commentary: Indonesia’s new Cabinet and the political transformation of Joko Widodo Toggle share menu
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Commentary: Indonesia’s new Cabinet and the political transformation of Joko Widodo Jokowi’s transformation from hands-on, man-of-the-people into a large and looming political leader is complete with this latest Cabinet reshuffle, says ISEAS-Yusof Ishak’s Made Supriatma.
Indonesia s President Joko Widodo attends an ASEAN leaders summit with United Nations Secretary-General Antonio Guterres, in Bangkok, Thailand November 3, 2019. (Photo: REUTERS/Soe Zeya Tun)
02 Feb 2021 10:01PM) Share this content
SINGAPORE: Indonesian President Joko Widodo reshuffled his 14-month-old Cabinet last week.
While the move was widely anticipated, the sweeping changes came as a surprise. Six ministers were replaced.
Dai Xianglong
Dai Xianglong, a former governor of the People s Bank of China and former head of the National Social Security Fund, is calling for allocating a proportion of assets confiscated from corrupt officials and a proportion of land transfer fees to replenish pension reserves.
At a pension reserves forum hosted by the Chinese Academy of Social Sciences on December 19, Dai said the amount of assets confiscated from corrupt officials could total billions of yuan.
In recent years, with the increasing number of elderly in China, the sustainability of the pension fund is under threat. In 2019, the balance of social insurance funds nationwide was Rmb585.486 billion, and after fiscal subsidies were excluded, there was a deficit for the seventh consecutive year.