Burning Bright
Forbes Indonesia|September 2021
ARSJAD RASJID NAVIGATES INDIKA ENERGY THROUGH CHALLENGING TIMES. NOW HE POSES FOR A NEW ROLE AT KADIN.
Elisa Valenta
Burning Bright

CHINA HAS ENJOYED an economic resurgence following the effects of the pandemic in H1-2020. Consumer goods spending in the first half of 2021 was up 23% year-on-year and, showing the scale of the recovery, also up 9% versus 2019. This has led to a strong rebound in the manufacturing and industrial sectors too and with it, a corresponding surge in power demand. With over 50% of the country’s power generation still fueled by coal and stockpiled inventories over 20% down a year ago, there is strong demand from China for imported coal. This has seen prices rise 140% year-on-year to around $149 per tonne in early August, its highest level for over 10 years. With prices still rising and the fact that non-coal power transformation investments are long-lead-time projects, Indonesia's coal mining sector is optimistic about the future for now.

With China accounting for around 27% of Indonesia’s coal exports and it looking for increased supply, “Indonesian coal miners can expect to benefit from the Memorandum of Understanding signed last year between Indonesia's Coal Mining Association (ICMA) and China Coal Transportation & Distribution Association to increase coal exports from Indonesia to 200 million tonnes,” says Hendra Sinadia, ICMA's executive director. As a result, coal miners now have the opportunity to expand their operations and to increase their coal exports to China. Among them is PT Indika Energy, Tbk. After two years of losses, running into millions of dollars, Indika is showing signs of improvement this year, with a profit of $12 million from revenue of $1.28 billion in the first half of 2021.

Diese Geschichte stammt aus der September 2021-Ausgabe von Forbes Indonesia.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 2021-Ausgabe von Forbes Indonesia.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FORBES INDONESIAAlle anzeigen
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ Minuten  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 Minuten  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 Minuten  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 Minuten  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 Minuten  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 Minuten  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 Minuten  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 Minuten  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 Minuten  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ Minuten  |
November 2021