The Business Times

Geo Energy

Companies & Markets

Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million

The 81-year-old, who is Indonesia’s richest person, has added more than US$20 billion to his net worth since it hit a low in April, lifting it to US$36.2 billion.
ASEAN Business

Richest Indonesian adds US$20 billion to wealth on energy rally

Geo Energy says it has recalibrated its mining plan in SDJ coal mine in Kalimantan, Indonesia to open more pits and ramp up its coal production in the second half year.
Companies & Markets

Geo Energy H1 profit drops 2% to US$26.7 million

The creditors’ rights relate to outstanding receivables from Indonesian companies Titan Infra Energy and Jaya Utama Indonesia.
Companies & Markets

Geo Energy to recover US$18 million in outstanding receivables after sale of creditor’s rights

Geo Energy's SDJ coal mine in Kalimantan, Indonesia is strategically located close to the jetty and anchorage for exports.
Companies & Markets

Geo Energy Resources Q1 net profit falls 46% to US$8.7 million

Geo Energy's SDJ coal mine in Kalimantan, Indonesia. The company's revenue fell 31.7 per cent to S$249.2 million on the half-year due to a drop in its coal's average selling price.
Companies & Markets

Geo Energy H2 profit falls almost 40% as finance costs hike by US$5.5 million 

The sustainable share of Singapore banks’ customer loans grew to 13 per cent in 2022 from just 3 per cent in 2019.
Sustainable Finance
ESG Insights

Issue 87: Geo Energy deals show coal still hot; Singapore banks growing that green

Geo Energy's SDJ coal mine in Kalimantan, Indonesia.
Companies & Markets

Geo Energy Resources secures US$35 million investment

An oil pumping jack, also known as a 'nodding donkey,' stands in an oilfield operated by Bashneft PAO in the village of Otrada, 150kms from Ufa, Russia, on Saturday, March 5, 2016. Bashneft is an upstream and down stream oil & gas provider which explores, produces and refines its own oil and gas which it extracts from brownfield reserves in the Russian Federation. Photographer: Andrey Rudakov/Bloomberg
Energy & Commodities

Singapore’s upstream energy plays in negative territory on economic worries

Geo Energy's chairman and chief executive Charles Antonny Melati said that the winter season and a strong rise in electricity demand to sustain economic growth in China and India will further fuel coal demand.
Energy & Commodities

Geo Energy Q3 net profit falls 68% amid lower coal prices, weaker sales

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