Indonesian state-run cement giant Semen Indonesia may scrap plans to invest in Myanmar if it fails to reach a pricing agreement with its local partner, according to the Jakarta Post. A move to another Asian country or an alternative partnership with another local firm are said to be possibilities if the prices wanted by the domestic partner are deemed too high. However, Semen Indonesia says talks between both parties are ongoing. Meanwhile, Indonesia’s president, Joko Widodo, has decreased selling pri
Indonesian state-run cement giant Semen Indonesia may scrap plans to invest in Myanmar if it fails to reach a pricing agreement with its local partner, according to the Jakarta Post.
A move to another Asian country or an alternative partnership with another local firm are said to be possibilities if the prices wanted by the domestic partner are deemed too high. However, Semen Indonesia says talks between both parties are ongoing.
Meanwhile, Indonesia’s president, Joko Widodo, has decreased selling prices of cement. The reduction in prices is said to have resulted in a steep decline in stocks of cement companies on 16 January 2015.
Widodo ordered state-run cement makers to lower down their prices by about IDR 3,000 (US$ 0.24) a sack, from the current price of about IDR 60,000 per sack ($4.68), so that the public can better afford it.
