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NEW UPDATES Asean Affairs   9 May 2014  

Semen Indonesia to increase prices by 4%

Indonesia’s largest cement producer, Semen Indonesia, is mulling whether to increase its product prices by 3 to 4 percent this year, to mitigate rising costs and maintain profitability following the government’s decision to increase the price of industrial electricity by up to 64.7 percent, which was introduced on May 1.

“Other players in this industry will probably make the same move,” the company’s president director, Dwi Soetjipto, said on Wednesday.

Semen Indonesia had previously estimated that the country’s cement industry would grow by 6 percent this year, but data shows that due to th economic slowdown, the industry may only grow by 3.7 percent in 2014.

“There was also a slowdown in construction projects due to floods and the election, as well as distribution problems due to bad weather,” he said, adding that he expected improved conditions after the election season had ended, allowing the cement industry to grow this year by 4.5 percent.

In the first quarter of this year, Semen Indonesia booked a 11.43 percent increase in revenue from a year ago to Rp 6.17 trillion (US$530.62 million). Its net profits rose 5.3 percent to Rp 1.3 trillion, while its sales volume went up by 3.5 percent to 6.2 million tons.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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