Profit Down 22.71 Percent Mortgage

Mortgage PT (Persero) first half net profit in 2013 amounted to Rp718 billion, a decrease of 22.71 percent over the same period in 2012 amounted to Rp929 billion.
“The decline in net profit slump triggered by the price of gold in the International market,” said the Director of Mortgage Finance, Agus Dwi Pramoedya, on the sidelines of the show “Pawn Gebyar Bazar”, in Jakarta on Thursday.
According to him if at the beginning of January 2013 the price of gold reaches approximately 1,483 U.S. dollars per troy ounce, but in June 2013 was in the range of 1,300 U.S. dollars per troy ounce.
According to Dwi, due to the decline in gold prices is continuous then the company had earmarked Rp 400 billion by the end of 2013 in anticipation of the continued decline in prices.
“Spare us prepare to face the potential loss. If the gold price does not go up until the end of 2013, it was forced to take action” for sale “to the collateral. Yagn So the loss was covered by reserves,” he said.
He explained that the decline in gold prices greatly affect the performance of the Mortgage, as appropriate business enterprise is dominated by gold pawn portion that currently account for about 97 percent.
“Mortgage loan disbursement will face obstacles if the thirst of gold continued to decline until the end of the year,” he said.
Despite a decline in net profit expressed Dwi, but in terms of revenue Pawnshop still posted gains.
“During the first semester of 2013, revenue reached Rp 4 Pawn, 1 trillion, up 6.5 percent over the same period of 2012 amounted to Rp3, 8 trillion,” he said.
Likewise, assets, until June 2013 grew about 13 percent to around Rp33 trillion, from the previous Rp29 trillion.
He said, gold pawn business until June 2013 the company was able to print revenue of Rp46 trillion, soaring from about Rp43 trillion previously.
The same time, revenue-based sharia pawning gold reached 6 trillion, up 8.6 percent from the previous Rp 5, 5 trillion.
Truly said Dwi, Pawnshop business as a whole still increase, but only because the price of gold dipped impacting net income.
The number of customers increased Pedagaian still about 15 percent to 14.4 million in the first half of 2013 from the previous 13.7 million customers.
“This marks the mortgage business will continue to grow in the future,” he said.

Home Finance of America – Now Offering Lowest Mortgage Payments

Home Finance of America , one of the nation’s leading online mortgage banks, is proud to announce that they are offering a mortgage rate of 3.125% (APR 3.295%) for a mortgage fully amortizing in 30 years. The interest rate on this special loan program is fixed at 3.125% (APR 3.295%) for the first 5 years after settlement and is known throughout the mortgage industry as a 5/1 ARM. A 5/1 ARM fully amortizes in 30 years so like traditional a 30 year fixed rate mortgage so the resulting monthly payment is low. A 5/1 ARM has an initial fixed interest rate for the first 5 and may adjust once each year for the remaining 25 years of the loan. The initial fixed interest rates for adjustable rate mortgages are significantly lower than those offered for 30 year fixed rate mortgages.

While Home Finance of America is currently offers the mortgage industry’s lowest 30 year fixed rate mortgage at 4.125% (APR 4.293%) a financially savvy borrower will in most cases find the 5/1 ARM is a better product. On a $200,000 5/1 ARM at Home Finance of America’s current rate of 3.125% (APR 3.295%) a borrower would save $112.55 each month in a 5/1 ARM as compared to the 30 year fixed at 4.125% (APR 4.293%). This saves the borrower $1,350.60 each year and $6,753.00 during the first 5 years of the loan when the interest rate is guaranteed not to change.

The perceived risk of an “adjustable” rate mortgage is much greater than the actual reality. The average life of an American mortgage is surprisingly only 6.5 years; subjecting the average 5/1 ARM to only 1.5 years of higher payment risk and only two rate adjustments. Moreover, the Fed is committed to keeping the short term interest rates that affect the indexes determining adjustable mortgage rates low indefinitely. There’s a good chance that in 5 years a borrower will see their adjustable rate drop or remain the same. The savings almost always outweigh the risks.

About Home Finance of America:

Home Finance of America is a direct mortgage lender and will lock-in low mortgage rates for borrowers at the time of the application. Home Finance of America currently holds an A rating with the Better Business Bureau. The privately held corporation has specialized in originating low rate residential loans to qualified borrowers since 1993. They are a national leader in online mortgage lending. Loan originators are available seven days a week by calling 1-800-358-5626.

,

Buy New Machine for Sugar Factory Sidoarjo, PTPN X dug Rp 145 Billion

Plantations PT Nusantara X (Persero) drizzle investment of Rp 145.3 billion to revitalize the sugar mill (PG) in PG Krembong, Sidoarjo. Investment includes the purchase of new machinery to increase capacity of 1,600 tons of cane per day (TCD) to 2,300 TCD.

Director of PTPN X Subiyono said the importance of pushing the PG to increase production capacity. Because there are 1847 sugar mills with small capacity in Indonesia. Where one of them is PG Krembong.

“Revitalization PG Kremboong will be PG-capacity model of the development of small to medium scale PG with large-scale business that is not only sugar but also produce electricity,” said Subiyono in a statement on Sunday (06/09/2013).

Prior PG Kremboong has 18 units of manual machines. Later changed to 2 units of automatic machine with a capacity of 1,500 kilograms per cycle. Sugar packing machine changed from an open to a closed system, so the more sterile and increase sugar production hygiene.

The machine will also serve for storage of energy by using turbines with a capacity of 4MW alternator that can produce surplus electricity. 2014 is expected to be realized by the program co-generation process bagasse into electricity to be sold to PLN.

“Program co-generation at PG Kremboong is part of an effort to optimize the economic potential of sugar cane produces not only sugar.’s Co-generation program complements a similar program that has been and will be held in PG and PG Ngadiredjo New Pesantren, Kediri,” he explained

Next is the installation of the boiler efficiency of high-pressure steam, so as to reduce loss of 2.8 percent to 2.3 percent.

In terms of quality, whiteness levels according to the scale ICUMSA (International Commission for Uniform Methods of Sugar Analysis) will drop from 180 IU to 100 IU. ICUMSA is a class standards of quality (grade) of sugar color is determined by a set of IU or International Units. Sugar ICUMSA intervals ranging 45-4600 IU. The lower the ICUMSA, the bright colors of sugar, and sugar in general is increasingly good quality.

Subiyono stated, PG Kremboong development will be integrated with other PG PG-exist in Sidoarjo, namely PG and PG Watoetoelis Toelangan. PG The third cluster included in Delta.

“In the scheme clusters, PG Kremboong be central to the development of co-generation process bagasse into electricity. Watoetoelis PG and PG Toelangan will be the supplier of sugarcane pulp. Accordingly, there is no resource is wasted in each PG,” said Subiyono

In 2013, PG Krembong targeting production of 29316.9 tons with a yield of sugar (sugar cane) is expected to reach 8.36 percent. In 2012 production reached 20 039 tons of sugar, up 7.94 percent from a year ago about 18558.5 tons.

Sugarcane land area within PG Kremboong reach 3,365 hectares in 2012, and this year is targeted to increase to 4,117 hectares. PG Krembong recorded profit growth of Rp 4, 55 billion in 2011 to Rp10, 01 billion in 2012.

CIMB Niaga Net Income Reaches Rp 1 Trillion, Grow 12%

PT Bank CIMB Niaga Tbk recorded a consolidated net profit (unaudited) of Rp 1.05 trillion as of March 31, 2013, an increase of 12% compared to the net income in the same period in 2012 amounting to Rp 937 billion.

This results in a net profit growth of earnings per share (EPS) amounted to USD 41.94, greater than the figure in the same period last year of Rp 37.26.

CIMB Niaga’s net profit increase was contributed by the increase in operating income and a decrease in provision expense, along with the total credit growth and asset quality improved.

In the first quarter of 2013, managed to keep its position as the fifth largest bank, with total assets of Rp 217.46 trillion as of March 31, 2013, grew 26% compared to the first quarter of 2012 amounted to Rp172, 68 trillion.

As of March 31, 2013, CIMB Niaga has distributed a total gross loans amounted to Rp 147.06 trillion, up 13% from the same period in 2012 amounted to Rp 129.83 trillion.

Along CIMB Niaga step in mobilizing public funds, total deposits (deposits) grew by 26% to Rp 167.32 trillion, compared to the prior year period which amounted to Rp 133.23 trillion, which is supported by the growth of CASA (Current Account Savings Account) by 31% to Rp 77.73 trillion.

In terms of credit quality, the ratio of non-performing loans (non-performing loans) CIMB Niaga’s gross per March 31, 2013 stood at 2.41%, a decrease of 28 basis points compared to the first quarter of 2012 amounted to 2.69%.

President Director of CIMB Niaga, Arwin Rasyid said of CIMB Niaga’s total loan portfolio in the first quarter of 2013, the Commercial Banking contributed the largest value of Rp 59.60 trillion (40%), followed by Consumer Banking amounted to Rp 45.09 trillion (31%), and Corporate Banking at Rp 42.37 trillion (29%).

“Personal Loan and Micro business rate became the highest growth, respectively 75% and 56%. As of March 31, 2013, Personal Loan managed loan portfolio to Rp 1.07 trillion, and a big four bank Personal Loan largest dealer Indonesia, “Arwin said in a press release on Monday (29/04/2013).

While, micro-lending rate has amounted to Rp 2.29 trillion as of March 31, 2013, grew 56% over the same period last year. Micro business growth rate is in line with Bank Indonesia regulations that require banks to continue to increase the share of SME loans (SMEs) by 20% of the total loan portfolio in stages until 2018.

Sharia (UUSs) CIMB Niaga also recorded good growth. As of March 31, 2013, UUS CIMB Niaga has disbursed Rp 8 trillion, an increase of 135% yoy. Rahn also recorded growth businesses (mortgage) which surged 114% to Rp124 billion compared to the same period in 2012.

Profit Perhutani first semester of 2013 reached Rp466 billion

Profit before tax Perhutani to end first semester of 2013 reached Rp466 billion, up 179 percent from Renca Budget Work Company (CBP) has been determined.

According to a press release from Perhutani received by AFP in Jakarta, on Saturday, the profit of the many donated from round timber sales in the country reached Rp882 billion and Rp520 billion overseas reach.

In addition, sales of other industries in the country reached Rp232 billion, sales of finished wood products industry from abroad totaled Rp50 billion and sales of processed wood (raw sawn timber) in the country reached 30 billion.

Gondorukem products, processed pine resin is the second largest income producer for Perhutani with the value of exports jumped 12 per cent of the target in the CBP. Perhutani gondorukem export markets are Europe, Japan, China and several other countries. Gondorukem Perhutani is the largest producer in Indonesia and Southeast Asia.

Director Sukmananto Perhutani Bambang said targets and business outlook for the second half of 2013 Perhutani directed at four things, ie achieve the production target node exceeds the first half, giving priority to the principles of sustainable forest management, the industry will begin to prepare for productive use and make savings in anticipation of price increases oil to the forest industry.

Perhutani also has several projects such as the completion of construction of the plant in Pemalang gondorukem derivatives, sago factory in Sorong, Papua Perhutani headquarters and development in collaboration with other state-owned enterprises.

ESSA Records Net Income of U.S. $ 6.9 Million

PT Surya Eka Perkasa Tbk (ESSA), issuers engaged in LPG refinery, the first semester of 2013 (unaudited) recorded revenues (consolidated) U.S. $ 19.6 million and net income of U.S. $ 6.9 million, and EBITDA of U.S. $ 12 million.

In the disclosure of information the Indonesia Stock Exchange, mentioned ESAA produce LPG at 21 493 metric tons, and 78,586 barrels of condensate during the first semester of 2013, an increase of respectively 26.1% and 33.8% compared to the first half of 2012.

The average selling price of LPG during the first half fell 10.8% to U.S. $ 809 per metric ton, compared to U.S. $ 903 per metric ton in the first half 2012.Harga average LPG during the first semester of 2013 is higher than the benchmark of the Company in 2013 amounted to U.S. $ 750 per metric ton.

Indonesian Cement profit soars Rp 2.58 Trillion

PT Semen Indonesia (Persero) Tbk recorded a growth in financial performance in the first semester of 2013 increased compared to the same period last year. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share, an increase of 22.9 percent.

Semen Indonesia President Director Dwi Soetjipto said Indonesian Cement net profit growth in line with the achievement of revenue, which stood at Rp 11.4 trillion, an increase of 31.9 percent over the same period last year, which stood at Rp 8.6 trillion.

“Revenue is supported by the total cement sales volume stood at 12.23 million tons, an increase of 18.3 percent over the same period last year amounted to 10.32 million tons,” said Dwi in Jakarta, Monday (29/7).

While the national cement sales volumes (industry-red) grew 7.5 percent to 27.83 million tons compared to the previous period, which stood at 25.89 million tonnes. “The increase in sales is outpacing the growth of the Indonesian Cement industry plant operations supported by Tonasa Tuban IV and V and the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group. So that we are able domestic market share increased to 43.6 percent from 40.9 percent last year, “said Dwi.

Most of the company’s revenue, said Dwi, comes from the domestic market amounted to Rp 10.91 trillion, equivalent to 95.53 percent of total revenue in the first half of this year, an increase of 26.42 percent compared to the position of sales in the same period last year amounting to Rp 8.63 trillion.

In addition to maintaining dominance in the domestic market, Indonesian Cement also continue to boost sales to foreign markets, especially countries in Southeast Asia.

At least, that from January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number is said Dwi jumped nearly 170 percent compared to sales in the first semester abroad last year only amounted to Rp 30.34 billion. “We will continue to expand the market from year to year,” said the man who brought four awards in the SOE Award 2013.

Home Finance of America – Now Offering Lowest Mortgage Payments

Home Finance of America,

one of the nation’s leading online mortgage banks, is proud to announce that they are offering a mortgage rate of 3.125% (APR 3.295%) for a mortgage fully amortizing in 30 years. The interest rate on this special loan program is fixed at 3.125% (APR 3.295%) for the first 5 years after settlement and is known throughout the mortgage industry as a 5/1 ARM. A 5/1 ARM fully amortizes in 30 years so like traditional a 30 year fixed rate mortgage so the resulting monthly payment is low. A 5/1 ARM has an initial fixed interest rate for the first 5 and may adjust once each year for the remaining 25 years of the loan. The initial fixed interest rates for adjustable rate mortgages are significantly lower than those offered for 30 year fixed rate mortgages.

While Home Finance of America is currently offers the mortgage industry’s lowest 30 year fixed rate mortgage at 4.125% (APR 4.293%) a financially savvy borrower will in most cases find the 5/1 ARM is a better product. On a $200,000 5/1 ARM at Home Finance of America’s current rate of 3.125% (APR 3.295%) a borrower would save $112.55 each month in a 5/1 ARM as comp

Gets BRI Rp 5 Billion Profit In 3 Months, Up 18%

PT Bank Rakyat Indonesia Tbk (BBRI) recorded a net profit of Rp 5.01 trillion at the end of March 2013, up 18.76% over the same period in 2012 and Rp 4.22 trillion.

As quoted from the press release, Wednesday (24/04/2013), profit growth is in line with the increase in the BRI loans reached 27.6% on an annual basis. BRI micro loans grew 22.3%, up from last year’s first quarter growth recorded 16.12%.

With this growth rate, the micro segment is the largest contributor BRI loan portfolio, which reached 31.07%. For the record, the contribution of micro-credit in the loan portfolio BRI BRI continues to increase within 5 (five) years.

BRI micro credit growth is not just merely result in an increase in outstanding loans, but also results in an increase in the number of customers. Until the end of March 2013, the number of micro borrowers BRI reached 5.7 million people.

Credit to small and medium-sized business segment, which is the result of a trickle-down corporate segment, grew by 183% over the same period last year.

German Build Pharmaceutical Plant Rp1 Trillion Worth

Germany will build a pharmaceutical factory in Indonesia with an investment of Rp 1 trillion (100 million U.S. dollars), because the pharmaceutical industry prospects are quite bright with the large number of residents supported.
“The pharmaceutical plant will produce intravenous fluids and injectable medications that are built in two phases to be completed within the next two years,” said President Director of PT B Braun Medical Indonesia Manogaran in Jakarta on Friday.
Menuru him, at the initial phase of the plant which was built in an area of ​​19 hectares that will have a production capacity of 75 million units per year, and 150 million units in the second phase.
“The pharmaceutical industry in the country is currently growing, because the construction of the plant in order to meet the needs of the wider community is considered very precise. Presence factory We are optimistic that the market will respond well,” he said.
Asked about the investment fund, he said, the fund 100 percent of the B. Braun instead of loans.
“We have the funds to invest in Indonesia,” he said.
Manogaran said, 75 million units of production was around 50 million to meet the needs of domestic and 25 million more for export.
“In the second phase of 150 million units, about 75 million units for export to other countries such as neighbor and Europe,” he said.
He added that the first operational employed about 500 people and will increase up to 800 people at the second stage.
“We will make Jakarta as a training center to prepare an integrated Indonesian experts to contribute in the factories B Braun. We also expect the presence of this plant will be more beneficial to the community especially the Asia Pacific Indonesia can enjoy better health services and affordable, “he said.
Meanwhile, the Board of Director Melsunger B Braun AG, Dr. Meinrad Lugan said, as the pharmaceutical and medical device company that has been supporting the hospital and healthcare industry in the world B Braun continues to innovate to provide products products affordable world-class standards.
“Given the strategic development of Indonesia, the German company committed to make Indonesia as a Center of Excellence for the Asia Pacific region,” he said.
He said, B Braun wanted to help reduce the risk of airborne contamination, bacteria and on bacteria, because it is made of fluid infusion which is the main product used as a basis for patient care.
“For the design of the bottle and technology is an important aspect in addition to the content to be packaged better,” he said.
Advisor to the Minister of Finance and Community Development Division Ministry of Health, Dr Yusharman said investment in the pharmaceutical industry today dalama country desperately needed.
“Because it’s a plan B Braun to build a pharmaceutical factory in Indonesia immediately supported,” he said.
The Government, he added very grateful for the investment made by the German pharmaceutical company.
“Because of his presence will provide support for the need for intravenous fluids is necessary to program the Social Security Agency (BPJS),” he said.
According to him, the Indonesian market in 2013 will require intravenous fluids as much as 100 million units per year and in 2020 will increase to 200 million units per year.
“B Braun also has a research and development center sharing, as well as to educate the Indonesian public, it makes me more optimistic,” he said.