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JANUARY 6 RUBBER PRICE: Rubber Commodity Has Not 'Woke Up' Yet

06

Jan

JANUARY 6 RUBBER PRICE: Rubber Commodity Has Not 'Woke Up' Yet

The contract fell 1.5 percent from the previous day’s close of 150.60 yen a kilogram. This was the lowest close for the most active contract on the [...]

CPO Price 6 January: Still Depressed at the Beginning of Trading Following Low Demand

06

Jan

CPO Price 6 January: Still Depressed at the Beginning of Trading Following Low Demand

The decline in palm oil trade started with a price of 2,429 ringgits per ton or 7.68 million rupiahs per ton earlier this morning, Wednesday [...]

CPO Price 6 January: Still Depressed at the Beginning of Trading Following Low Demand. The decline in palm oil trade started with a price of 2,429 ringgits per ton or 7.68 million rupiahs per ton earlier this morning, Wednesday (01/06/2016).
Previously, the price of crude oil closed at 08.04 WIB, i.e. 36.42 dollars per barrel or had weakened to 2.15%. In addition, the price of soybean oil also fell 0.54% to 29.65 dollars per pound at 10.56 WIB.
CPO is still experiencing a decline in derivatives although yesterday (01/05/2016) it had shown strengthening to a level of 2,454 ringgits per ton. The CPO future contract for March 2016, a result of low demand from China in the past two weeks.
Price Movement of CPO Contracts March 2016

Date

Level

Change

06/01/2016 (10.53)

2.434

-0.81%

05/01/2016

2.454

+0.74%

04/01/2016

2.436

-1.97%

31/12/2015

2.485

-0.40%

30/12/2015

2.495

+0.44%

Source: Bloomberg
http://market.bisnis.com/read/20160106/94/507412/harga-cpo-6-januari-masih-tertekan-di-awal-dagang-menyusul-rendahnya-permintaan

Bankrupt, Cepiring Sugar Factory Lays Off All Employees

05

Jan

Bankrupt, Cepiring Sugar Factory Lays Off All Employees

Lawyers from PT IGN Banohara explained that they had met with representatives of the staff and with Kunto Nugroho, Interim Kendal Regent. [...]

Bankrupt, Cepiring Sugar Factory Lays Off All Employees. Lawyers from PT IGN  Banohara explained that they had met with representatives of the staff and with Kunto Nugroho, Interim Kendal Regent. “The layoff letters have already been sent. We implemented the layoffs as of 31 December 2015,” said Banohara on Tuesday (5/01/2015). Banohara added that there are about 360 employees of PT IGN. Given this decision to lay off staff, he has asked all employees to stop coming to work. “We have already paid all four months of salaries that we owed to staff, including December. Meanwhile, salaries for September, October, and November will be transferred into employees’ accounts by 8 January,” he explained. Meanwhile, Sugeng, a representative of the employees of PT IGN Cepiring, stated that the staff are rejecting the layoffs that the company is implementing. The reason is that the layoffs were only implemented unilaterally. He explained that, according to the law, layoffs should involve both parties. “We will continue to come to work. This is because the layoffs that the company is implementing are not in line with procedures,” he said. Sugeng hopes that there can still be good communication between the staff and the management of PT. IGN, in line with the Regent’s wishes. With respect to this matter, Kunto Nugroho, Interim Kendal Regent, said that his office will not interfere with the layoffs of staff being implemented by the management of PT KGN. However, he asked both parties to communicate with each other.“The problem between the employees and the management is only due to a lack of communication. As a result, a lot of unclear information is getting through,” he explained.

Author
: Kendal Contributor, Slamet Priyatin

Editor
: Erlangga Djumena

http://bisniskeuangan.kompas.com/read/2016/01/05/141500726/Bangkrut.Pabrik.Gula.Cepiring.PHK.Semua.Karyawan

04

Jan

Arab-Iran Conflict Drives Up Oil Prices

Saudi Arabia on Sunday (03/01/2016) severed diplomatic relations with Iran, following an attack on the Saudi embassy in Teheran which was sparked by [...]

Free Tea and Coffee at Cipali Toll Road for Tired Drivers

30

Dec

Free Tea and Coffee at Cipali Toll Road for Tired Drivers

"In order to reduce the effects of fatigue and the risk of driving, PT Lintas Marga Sedaya invites drivers to enjoy free tea and coffee at rest areas [...]

Free Tea and Coffee at Cipali Toll Road for Tired Drivers. `In order to reduce the effects of fatigue and the risk of driving, PT Lintas Marga Sedaya invites drivers to enjoy free tea and coffee at rest areas KM 86 and KM 130 in both the Palimanan and Cikopo directions,` said Director of PT Lintas Marga Sedaya, Edwin Sas Goenarto on Tuesday, December 29, 2015. According to Edwin, this service will be effective on December 26-27, 2015 and January 2-3, 2016. Service hours will be from 8.00 to 11.00 a.m. and 10.00 p.m. to 1.00 a.m. WIB. Edwin said that this service is his company's initiative as toll road managers to invite drivers to make good use of rest area facilities. Taking a short break while driving to maintain your physical condition is very important. This is necessary so that you remain fit and can avoid traffic accidents. `We continue to remind toll road users to make use of the rest facilities that have been provided in order to keep themselves fit and healthy,` said Edwin. In addition, Edwin also appealed to drivers to always ensure that their vehicles are worthy of being used for long-distance travel.

Author
: Ramanda Jahansyahtono

Editor
: Bambang Priyo Jatmiko

http://bisniskeuangan.kompas.com/read/2015/12/30/020400126/Lelah.Berkendara.Ada.Teh.dan.Kopi.Gratis.di.Tol.Cipali

RUBBER PRICES December 22: Strengthen Again, Encouraged by Chinese Stimulus Speculations

22

Dec

RUBBER PRICES December 22: Strengthen Again, Encouraged by Chinese Stimulus Speculations

The rubber contract for May 2016 delivery, the most active contract on the Tokyo Commodity Exchange, closed up 0.18% to a price of 167.10 yen or [...]

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