Abundant Global's Bet on Indonesia B2B Business from Oil & Gas, Coal & Minerals to Agricultures

Sat, 23 Oct 2010
PRWeb

Indonesia infrastructure investment company ambitious expansion into e-commerce business.

Hong Kong, China / Jakarta, Indonesia (PRWEB) October 23, 2010 -- Abundant Global is scheduled to launch the improved trading system to go online by the end of the year, which will focus on oil & gas industry eco-system, such as tanker, vessels, storage, services and others. Inovisi Infracom recent acquisition of oil & gas e-commerce company (Abundant Global) has raised speculation that the company may extend the infrastructure business from telecommunication to other key industries in Indonesia such as oil & gas, coal & minerals as well as agricultures. "We will only focus on recent 2 corporate action at the moment. However if there is good opportunity arises, we may consider taking on new partners in the future." commented Inovisi's spokes person. The company did not denies that there are other potential B2B e-commerce business partners eager to ride on Inovisi's infrastructure including coal mine operators. "On the Internet world, extending the business to hundreds of different industries is just by nature of basic demand and supply and it's easy and fast. If there is right partner, we will consider", added Inovisi.

The global commodities such as oil & gas, coal & minerals where mostly traded through conventional business method such as phone, fax, email, face to face or basic networking. Major B2B e-commerce portal such as Alibaba.com, a Hong Kong listed US$12 billion company, and NASDAQ listed Globalsources.com, are among the conventional channels to match between buyers and sellers. Inovisi Infracom among the global players in B2B e-commerce market place has recently attracted both coal mine operators and traders speculation to provide e-commerce services for the industry, especially in Indonesia.

Coal production in Indonesia is expected to decrease 20 percent this year from earlier projection of 254 million ton due to heavy rain fall. The first half of 2010 have seen coal production surpass 115 million ton. However, market traders believe that the commodity market especially coal or "batu bara" is still bullish. "Indonesia commodity will be bullish until next year," according to President Director PT Ciptadana Securities, Ferry Budiman Tanja, in Jakarta, 6 October 2010. The optimism will still attract new business to coal industry, as it will encourage both coal mine owners and producers in Indonesia to raise more fund from capital market. Some of the recent IPO includes PT Berau Coal Energy Tbk and PT Harum Energy Tbk, both raised estimated US$140 million and US$110 million respectively.

Inovisi's B2B e-commerce initiative is targeting local importers and exporters, traders and concession owners and operators especially in geographically challenged country such as Indonesia. Business persons relied on dinosaurs technologies such as phone, fax and face-to-face networkings to conduct business.

Source: Earth Times.
Link: http://www.earthtimes.org/articles/press/-minerals-agricultures,1514226.html.