Indonesian Political, Business & Finance News

Archive: 22 January 2007

2 articles found

CPO becomes major commodity in Belawan port

BELAWAN, North Sumatra (Antara): Crude Palm Oil (CPO) has become the main export commodity in Belawan seaport, North Sumatra following the raising demand of the product, a seaport official said Sunday. Spokesman of PT Pelabuhan Indonesia-I Erwin Sutiyana said that Belawan cargo seaport accommodated commodities not only from North Sumatra but also from Aceh and Riau provinces.

Indonesia, Malaysia floods drive timber prices

Kuala Lumpur (ANTARA News) - Massive flooding in Malaysia and Indonesia, the world's top two exporters of tropical timber, has forced timber prices up sharply, according to a new industry report. "The incessant rainfall and widespread flooding drove prices for Malaysian timber products sharply up," the International Tropical Timber Organisation was quoted by AFP as saying in its latest newsletter.