Pertamina Increase Production of Lube Base Oil Refinery Cilacap LOC

PT Pertamina (Persero), SK Lubricants Co.., And PT Patra SK signed a Memorandum of Understanding (MoU) for the implementation of the feasibility study for a project to increase production capacity and marketing of lube base oil refinery LOC RU IV Cilacap.
The signing of the MoU by Pertamina processing director Chrisna Damayanto, CEO & President of SK Lubricants Kwan Ho Choi, and SK Patra President Personal Dadik in Jakarta,
The feasibility study will include technical, market, and economic aspects of the project will be the basis for the three companies to work together to increase the production capacity of the lube base oil refinery LOC RU IV Cilacap, from Group I to Group II. Through this partnership, LOC RU IV Cilacap refinery will be designed to be able to produce lube base oil Group II which has better quality and environmentally friendly, while still producing lube base of Group I.
The signing of this MOU is in line with Pertamina plans to accelerate expansion in the field of downstream Pertamina to realize the mission of profitable downstream. In addition, this project plans to reinforce the company’s commitment to improving Indonesia’s economy by controlling the domestic and regional markets, according to the vision of a World Class Energy Company and became Champion in Asia in 2025.
“The increase in lube base oil production capacity of RU IV Cilacap Refinery LOC is intended to capture the best possible opportunities in the trend of increasing demand for environmentally friendly lube base in the domestic market, regional and global. It is also in line with Pertamina’s commitment to maintain and preserve the environment, “said Vice President of Corporate communiation Mundakir Ali in a press release on Thursday (04/07/2013).
The feasibility study is expected during the period of 6-8 months. After the signing of this MOU, the three companies will form a joint team to finalize a focused strategic agreement to form a joint venture company.
South Korean companies, SK Lubricants, a leading global player in the field of production and marketing of a variety of lube base oil Group, mainly in the South Korean market, Asia and Europe. SK Patra is a joint venture between PT Patra Niaga and SK Energy is engaged in the production and marketing of lube base oil plant site in Dumai, Riau.

Racine home mortgage company is trustworthy

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Tips to Buy the Best Paris Apartments

Paris is indeed a dream destination for tourists. Renowned for its romance, beauty, food, wine, art and culture, it is not only a honeymoon hot spot but also a backpackers delight. Paris is a great city to settle down too. If you want to stay in Paris, it is important for you to look at Paris apartments to find the perfect one that you can call home.

Investing in Paris apartments is an important decision and requires a substantial investment. Plus, it is quite a time consuming task too considering that you need to arrange for loans, do the paperwork and ensure a smooth transaction. However, if you want an easy way out in looking at various Paris Apartments, here are a few tips to follow:

Understand your requirement: Before you start looking at Paris apartments for sale, know your exact needs from an apartment in Paris. Apartments may have several bedrooms that you may not need. Prepare a checklist of specifications that you would like your apartment to have. This includes the size of the apartment, location, proximity from kids school or your workplace, hospitals etc. Start your search for Paris apartments once you are absolutely sure of what you want. Research thoroughly: If you are looking at Paris apartments for the purpose of buying for the first time, get thoroughly acquainted with the real estate rules and regulations pertaining to sale and purchase of apartments and serviced apartments in the city. Log on to the websites of Paris real estate agents to check out the various apartments they have enlisted. Visit the selected options: After you have narrowed down on a few Paris apartments, visit each to see if they are in top condition and will offer the best value for your money. This will also help you familiarize yourself with the local neighbourhood and the amenities available to you and your family if you start living in that particular area. Ask for recommendations: You may consult real estate agents to recommend the nest Paris apartments to choose from. They have a fair idea about hot properties for sale in the city. With their advice you might find a perfect deal for yourself!

Heres hoping that these tips will help you locate an apartment of your choice in one of the most beautiful cities in the world! For ore information and details on Paris apartments, please visit www.alacarte-paris-apartments.com

PTPN X to Issue Bonds Rp 700 Billion, Supports Business Expansion

Expected this year, PT Nusantara Plantation X (Persero) to issue bonds worth Rp 700 billion. Proceeds from the bond issue will be used to support the company’s expansion.

Preparation of the bond issue amid accelerated. “Using fiscal year 2012 financial statements, we expect bond issuance could take place the first half of this year,” said Finance Director PTPN X Dolly P. Pulungan in Surabaya, on Tuesday (04/09/2013).

The move has also been sanctioned mentioned the Ministry of SOEs. Later, PT Bahana Securities and PT AAA Securities to be implementing the underwriters in the issuance of these bonds.

“We get ratingA + Rating Agency of PT Indonesia (Pefindo.) This illustrates a stable outlook and the company’s performance continues to increase, so we’ll coupon bonds attractive to investors,” said Dolly P Pulungan.

The bond proceeds will be used for working capital replacement refinancing of banks with interest rates that are high enough to sustain the business three sugar mills (PG) in South Sulawesi, which Takalar PG, PG Bone, and PG Caming.

Three sugar mills, said Dolly P Pulungan, now managed by PTPN X corresponding duty of the Ministry of SOEs. With the proceeds of the bonds, the company could obtain cheaper funding costs than bank credit that has been used by the three PG.

“In the future we will be racing performance by improving the farming sector (on-farm) and processing (off-farm), especially with mechanized approach for optimal results,” added Dolly P Pulungan.

Three sugar factories in South Sulawesi, continued Dolly P Pulungan, has been working on a land area of ​​11,000 hectares. In the future, will be developed into 15,000 acres along the expansion.

PTPN X will apply best agricultural practices by providing superior varieties, cultivation methods are effective, and that grade plant processing systems by optimizing engine performance.

Dolly P Pulungan added, in addition to the three PG in South Sulawesi, the bond proceeds will also be devoted to boost the performance of eleven sugar factories owned by the company’s in East Java.

“We are targeting production of 538,000 tons of sugar this year, up from last year’s 494,000 tonnes. We are the market leader in national sugar industry since 2006 and until now has not been deterred,” he said.

Currently, PTPN X has 11 sugar mills in various cities in East Java, three tobacco plantations in Jember (East Java) and Klaten (Central Java), a subsidiary of the production of plastics, a subsidiary of the field of health care services, and investments in manufacturers edamame export oriented. In addition, the company was also tasked by the Ministry of SOEs to manage three PG in South Sulawesi who previously managed another state.

In addition to proceeds from the issuance of bonds, it also set up internal cash to sustain performance improvement. “We will improve the quality of the sugar with the purchase of five tools smoothing juice worth USD 25 billion, which is used to smooth juice with the ultimate goal of improving the efficiency of purification. If the quality of the sugar increases, automatic selling price of the auction will be increased. This is consequential to increase revenue,” he explained.

In 2012, PTPN X posted a pretax profit of Rp 506 billion, an increase of 140 percent compared to the achievements of 2011 amounting to Rp 210 billion.

Avail quality solutions from a reputed Vancouver Renovation Contractor

Renovation is a process that helps in retaining the appeal of structures that are prone to destruction. Proper and timely renovation of spaces help in saving huge losses. Furnishing includes not just simple tasks like painting, but also complex processes like finishing, flooring remodelling and if required, construction of new spaces. With the help of a good Vancouver Renovation Contractor, one can refurnish their residential and commercial spaces in an efficient manner.

The growth of real estate business in the country has added to the augmentation of firms that provide furnishing solutions to the clients. Home-related investments as well as remodeling services are gaining grounds in the city.

A number of factors should be taken into consideration while planning for renovating a space. The areas on which renovation needs to be done, should be decided beforehand as a wide variety of packages of renovation are offered to the clients by a good Interior Designers Vancouver, which offers furnishing solutions. A proper management of time and money can be done by understanding the required type of package. Albeit renovation services are flexible and can be modified according to the varied needs of the clients, a more efficient work is assured if the type and space of renovation is discussed beforehand.

Planning a proper budget is one of the other things that needs to done before assigning any work of renovation to a Vancouver Renovation Contractor. This helps in avoiding financial losses and enables the firm to combine specifications accordingly, so that the best solutions are offered, within the client’s budget. An expert Vancouver Renovation Contractor understands the gravity of the damages occurred to a structure and provides accurate solutions that would ensure proper repair and maintenance.

Any property in which one invests, be it residential or commercial, needs to be protected against destruction, as it proves to be one of the main investments made in a lifetime. To furnish such spaces in an efficient manner, so as to avoid losses and retain their quality, an experienced Interior Designers Vancouver can be hired.

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During a complete renovation package, The floorings are changed in an efficient manner. The walls of the whole structure-both interiors and exteriors, are re-painted. The plumbing and electrification system is checked for damages and replaced, if any.

A reputed organization that engages in interior designing and furnishing takes into consideration a number of social and economical factors, before commencement of a project. The renovation is started only after the plans and designs for the same are approved by the client. The refurnished spaces are finally furnished and the assigned project is considered to be complete only after the same is marked satisfactory by the client.

Enhance Your Earning Potential With Estate Agent Apps

Being a real estate agent can be a very rewarding career. There is nothing quite like introducing a person to a rental property wherein they become satisfied and commit to a purchase. Real estate agents truly change lives as they introduce families to their new homes.

There are many tools available to real estate agents that they can use to market their properties whether they are for sale or for rent. All real estate agents must make use of the latest tools available to them for marketing. If you are not making use of the most up to date resources and your competitors are, then chances are that you will be losing business to your biggest competitors.

First and foremost, your real estate company must have a professional website in place. The problem is that many agents only place pertinent information about themselves and their services on their website. They neglect to actually post their listings on their website. This is a crucial mistake.

Most individuals that are looking to obtain a new house or an apartment want to have the convenience of sitting at home and checking out properties. If you as an agent dont allow consumers to do this then you are dropping the ball. Therefore you must be certain to create an automated system on your website that consumers can use in order to search through your properties. You will want them to be able to do this by searching by location, bedroom number, and cost.

Many potential homeowners also enjoy being able to download real estate agent apps on their iPhones that they can use to easily search for rental properties online. This is one of the best ways that you can further your target base and introduce potential clients to what you have to offer. This is also a great way to get a leg up on your competition.

Creating an estate agent app on your own will be quite time consuming and can end up costing thousands of pounds in design. That is why you will most likely want to make use of a company that specialises in the creation of estate agent apps that can be customised to your companys needs.

At White Matter Intelligent Decisions you can acquire a professional estate agent app for your company in a matter of hours. They offer many features with their apps such as push notifications and distance calculators. They also go out of their way to ensure that your app is automatically updated to reflect any new property listings that you are choosing to add to it.

These are just a few things that you should keep in mind as you consider ways in which to market your estate agency and to interact with potential homeowners. If you put these simple practices into use you could very quickly see a great increase in sales.

If you fail to do these things you could literally be losing business.

Wow, Food Kartel Earn turnover of Rp 11 trillion

Action actors cartel that conspired aka traders determine price more troubling. Induced them, the prices soar. Unfortunately, those who master the many commercial food commodity food prices rising so high.
In the midst of the difficulties, the perpetrators of the whole profit cartel. Research Indonesian Chamber of Commerce and Industry (Kadin) said the perpetrators of the cartel can reap a turnover of up to Rp 11.34 trillion. The turnover of trade 6 obtained from the food commodity beef, chicken, sugar, soy, corn, and rice.
In a written statement, Vice Chairman of Kadin Regional Empowerment and Bulog, Natsir Mansour, said the offender cartel in action when there is an imbalance of supply and demand in the food sector. Imbalances that led to insecurity and fosters speculation.
Natsir said that this condition occurs due to the arrangement of production, distribution and trade of food is weak. He thinks the government is still very centralized trading system just because a policy is governed by several ministries. Though local governments are more aware of the needs in the region.
Natsir also lamented the lack of control the House of Representatives should be able to give sanction to the Ministry which can not keep food prices. “Sanctions in the form of budget cuts,” he said.
In addition, Natsir said, no special food supply lines come confuse the issue. Consequently, any policy issued by the Ministry of Commerce and Ministry of Agriculture tends to be speculative. As a result, the data can not be proper food and accurate.
“So it’s natural that the president was angry with the Ministry of Trade and Ministry of Agriculture for failing to regulate national food also often scarce,” he said.

Serviced Apartments Near North Sydney Are Enjoying Great Popularity Amongst Travellers!

Out of the millions who travel to Sydney every year for work or leisure, majority of them prefer to stay in serviced apartments in Sydney. The serviced apartments near North Sydney, as well as, in other parts of Sydney offer the travellers everything they need for a comfortable stay.

Mostly, the serviced apartments near North Sydney are stylishly decorated and renovated to cater to the modern living standards and lifestyle. The rooms have polished wooden floors and large floor to ceiling windows to let plenty of fresh air and natural light enter inside the serviced apartment in North Sydney, thus serving as comfortable accommodation for all seasons.

Further, the serviced apartments in Sydney come with well-equipped kitchen, including microwave, oven, dishwasher, refrigerator, washer/dryer, and other modern appliances and fittings, living room with TV, CD/stereo, DVD, Internet, fax, and lot more. The serviced apartments in North Sydney also provide parking space, security, gym, and pool. One enjoys the self-catering holiday experience by staying in the serviced apartment near North Sydney.

The best thing about the serviced apartments in North Sydney is their location. On the one hand, the serviced apartments allow one to enjoy beautiful views of the harbour, and on the other hand, they ensure good connectivity to the major parts of the city. The serviced apartments in Sydney are well connected with High Street Ferry Wharf, railway station, and bus stop thus allowing the travellers to reach the parks, museums, restaurants, and other attractions in the city without facing any sort of inconvenience.

The availability of the Sydney service apartments in a choice of one, two and three bedroom, allows the travellers to find the accommodation that best meet their individual holiday needs and requirements.

And, the low rental of Sydney serviced apartments make them all the more popular amongst travellers with modest budgets, especially those travelling with family or in large groups By sharing the serviced apartment near North Sydney, they are able to save accommodation expenses and utilise the money elsewhere for shopping, or sight seeing.

If you are planning to visit Sydney and are thinking to stay in the serviced apartments near North Sydney or serviced apartment in Sydney, just log on to sydneygardenview.com The website is a leading provider of Sydney service apartments for family holidays, and business trips for short term, as well as, longer duration.

Profit Bank Danamon Thin down 1% to Rp 1.99 Trillion

PT Bank Danamon Indonesia Tbk recorded a net loss of 1% of Rp 2 trillion in June 2012 to Rp 1.99 trillion in June 2013. The decline in earnings due to slowing auto loan company through its subsidiary Adira Finance.

Danamon recorded credit growth of 12%, to Rp 124 trillion in the first half of 2013 compared to Rp 110 trillion in the same period in the previous year. Non-automotive loans, including micro, small and medium enterprises as well as loans to commercial and corporate segments grew by 18%.

Meanwhile, auto loans through Adira Finance, which is 37% of the Bank’s total loans grew by 3% by the end of June 2013 compared to the same period last year.

This is in line with the automotive industry is still in the adjustment phase after the issuance of the rules down payment. While net interest income or net interest income grew by 6% to Rp 6.7 trillion in the first half of this year and non-interest income or fee income grew by 9% to Rp 2.4 trillion.

“Inflation is the main theme in the second quarter of 2013, primarily due to higher fuel oil by mid-June of 2013. Nevertheless, in the first half of this year, a conducive business environment to remain relatively intact. Therefore, we can record a positive performance in the first six months of this year, “said Danamon President Director Henry Ho in a press release on Friday (19/07/2013).

Danamon micro loans through Danamon Savings and Loans (DSP) recorded a growth of 10% to Rp19, 8 trillion in the first half of 2013 compared to the same period last year.

Meanwhile, loans to small and medium business segment (SMEs), rose by 25% to Rp 17.2 trillion. Credit to the commercial segment, grew by 25% in first-half 2013 compared to last year to Rp 11.2 trillion.

Credit for the corporate segment grew by 21% to Rp 13.1 trillion and trade finance business grew by 27% to Rp 8.4 trillion. Danamon Syariah loans grew 38% over last year to Rp 1.4 trillion.

In the first half of 2013, the auto loans through Adira Finance grew by 3% over the first half of 2012 to Rp 46 trillion.

“The automotive sector, especially the two-wheeler industry is still in the stage of adjustment for the impact of the rule down payment,” said Chief Executive Officer and Director of Danamon Vera Eve Lim.

Danamon’s loan growth in the first six months of 2013 coupled with asset quality is maintained. NPL (Non Performing Loans / NPLs) are at 2.4% at the end of the first half of 2013.

OPEC Oil Production Down in June

OPEC oil exporting production declined in June, and its share in global oil supply is expected to fall in the next two years due to rising non-OPEC oil supply in the next few years.
“Total OPEC crude oil production an average of 30.38 million barrels per day in June, a decline of 0.31 million barrels per day compared to the previous month,” Organization of Petroleum Exporting Countries is headquartered in Vienna said in its monthly report on Wednesday.
Statistics show that the decline was driven by a reduction in Libyan production, which production fell 206,000 barrels per day in June, contributing nearly 70 percent of the decline in total production, while Saudi Arabia continues to increase its production in the last two months.
Non-OPEC supply growth is expected to be the most dynamic of crude oil production in 2013 and 2014, is projected to average 53.92 million barrels per day in 2013 and 55.06 million barrels per day in 2014, according to the report.
Strong growth trend from supply-led by U.S. crude oil production, growth should be the highest among the non-OPEC countries in 2013 and 2014, and production is expected to average 11.33 million barrels per day in 2014 in a report .
Due to growth in the supply of non-OPEC crude oil and weak world oil demand, OPEC will likely see lower market share in the world oil market in 2013 and 2014, which is estimated to be 33.8 percent in 2013.