PT Pertamina re-opened the tap of subsidized fuel. This means that the use of subsidized fuel control process carried out by Pertamina to reduce the distribution of premium 5% and subsidized diesel 15% to 20% since August 18 has stopped. Marketing and Commercial Director of Pertamina, Mr Hanung Budya said, without any control of subsidized fuel, fuel subsidy quota this year of 46 million kiloliters will be exceeded. Pertamina predicts, the quota of fuel subsidy will be at 1.3 million to 1.5 million kiloliters. (Kontan)
PT Energi Mega Persada Tbk (ENRG, RP 90) exploring a new loan to pay off short-term debt of $ 250 million. Parties to the company said it is looking for a new loan with low interest to save the burden to be borne by the company. President Director of PT Energi Mega Persada Tbk (ENRG), Imam Agustino said that the loan is expected to be obtained before the end of 2014. (Bisnis Indonesia)
PT Berau Coal Energy Tbk (BRAU, Rp111) intentions to boost coal production this year, finally approved by the government. Ministry of Energy and Mineral Resources (ESDM) finally provide the additional quota of BRAU production to as much as 1.85 million tons to 24.2 million tons. (Kontan)
PT Semen Indonesia Tbk (SMGR, Rp 16.400, BUY, TP Rp 18.300) will conduct its financial efficiency. The trick is, issuers run cash pooling system, which is to manage the entire financial surplus (excess cash) of its operational company to one financial container in the holding company. (Kontan)
for Indonesia Market Summaries 28 August 2014
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