Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Press Metal Aluminium Holdings Bhd’s new joint venture (JV) to establish its second alumina refinery in Indonesia could contribute at least RM200mil to RM300mil in profit.
This is assuming a normalised alumina price of US$350 to US$380 per tonne versus the current price of US$530 per tonne, said UOB Kay Hian (UOBKH) Research in a report.
Press Metal on Wednesday said it had entered into a strategic JV with PT Alakasa Alumina Refineri, PT Dinamika Sejahtera Mandiri and PT Kalimantan Alumina Nusantara (KAN).
Under the agreement, KAN will establish an integrated alumina refinery in Sanggau, West Kalimantan, Indonesia.
The refinery, which will have an initial annual capacity of up to 1.2 million tonnes is projected to cost around RM3.24bil.
Press Metal will acquire an 80% equity stake in KAN and this will be funded internally.
The DRG is a healthcare payment system that sets a fixed amount based on the complexity of the case, as opposed to the traditional fee-for-service model that involves itemising each charge. Many advanced countries, including the US, South Korea, Japan, and European nations, have adopted the DRG system.
Dzulkefly said Malaysia needs the DRG system "because we aim to establish a system of repayment, reimbursement, and charges. Currently, we only have consultation fees."
Insider is buying and market overreacted already. A lot still don’t know how new system works and choose to panic sell. Opportunities coming. More pandemic is happening and population is increasing and aging.
