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Chinese thermal coal futures fell yesterday after Indonesia, the world’s biggest thermal coal exporter, eased a ban on overseas shipments that surprised buyers at the start of the year, alleviating concerns about supply disruptions. The export ban was introduced after state power utility PT Perusahaan Listrik Negara (PLN) reported critically low coal stockpiles amid complaints miners were not fulfilling their responsibilities to supply fuel to the company. Driven by concerns about the impact to their economies which depend on coal-fired power generation, the governments of Japan, South Korea...

DINASTI BRIAN HARAHAP 37, associate director/head of legal, M&A, NWP Retail Harahap joined NWP Retail, a joint venture between Warburg Pincus (a global private equity firm) and PT City Retail Development Tbk (NIRO – a publicly listed Indonesian company), as a senior legal counsel. Within a year he was promoted to head of legal, M&A, mirroring the company’s DNA and its goal to rapidly develop, acquire, own and manage institutional quality commercial assets while contributing to the growth of the local community’s each asset serves. Harahap leads an internal team of M&A legal professional...