LGCC Not-Be Lost production from India

Stock production of cheap and environmentally friendly cars or Low Cost and Green Car (LCGC) now has reached 20 thousand units. Targeted, this year LCGC production could reach 75 thousand units.

“I understand they (the company that produces LCGC) stock has been doing a great market for 20 thousand and 300 thousand could. This year the target can be up to 75 thousand,” said the Minister of Industry (Memperin) MS Hidayat on Inalum after a meeting at the Office of the Coordinating Minister for Economic Affairs, Jakarta , Monday (07/08/2013).

Hidayat said the Indian LCGC production could reach 40 million. Thus, Indonesia should be optimistic to surpass the production of the country.

“Optimistic to 75 thousand units, it could be 40 million units of India you lose the same period India. If it’s cheap-cheap Indian champion, but the quality of Indonesia,” he added.

Furthermore Hidayat said the provision LCGC maximum price Rp95 million per unit still does not include the possibility of adopting new technologies and benchmark transmission problems.

“So the reference price of Rp95 million national reference but there is still space that a standard issue 15 percent transmission and the possibility of adopting a new technology is approximately 10 percent,” he said.

Bank Profit Reaches Rp 8.3 Trillion, Up 16%

PT Bank Mandiri Tbk recorded a net profit of Rp 8.3 trillion in the first half of 2013. This profit rose by 16% from the previous period in 2012.

Bank Mandiri president director Budi G Sadikin explain the increase in net income was driven by the acquisition of translucent increase in operating income of Rp 22.9 trillion, up 17.8% from the previous period in 2013.

“The increase in operating income by 17.8% to Rp 22.9 trillion. Was contributed premium income and net interest, fee-based income.’s Net profit of Rp 8.3 trillion was also supported by the company’s ability to control operating costs at group and subsidiary,” said Budi in the event of public exposure to second-quarter financial report 2013 Plaza Mandiri Bank Mandiri in Jakarta, Monday (07/29/2013).

The bank also recorded credit growth of 22.3% to Rp 428.7 trillion in the second quarter of 2013. That supports the achievement of the Bank’s total assets increased to Rp 672.2 trillion, up 17.6% over the same period last year. Meanwhile, the quality of earning assets also remain well preserved, which looks at the ratio of non-performing loans (NPL) of 0.55% net.

“We are thankful in the midst of intense competition and slowing economic growth, the Bank can continue to show loan growth above market growth. This is one of our commitments to improve access to finance productive country to prosper,” he explained.

The increase in lending occurred in all business segments. The highest growth occurred in the micro segment grew 58.1% to reach Rp 23.9 trillion in the first semester of 2013.

Meanwhile, the credit is channeled to the segment of micro, small and medium enterprises (MSME) recorded a growth of 26.5% to Rp 60.2 trillion.

The bank also helped channel special financing with government guarantee scheme, namely by channeling People’s Business Credit (KUR). Total limit KUR has been disbursed by Bank Mandiri to June 2013 reached Rp 12.2 trillion, which is distributed to more than 237.6 thousand customers.

“Public confidence to Bank Mandiri also higher, as indicated by the increase in third-party funds to Rp 502.4 trillion in June 2013 from Rp 418.2 trillion in June 2012. Saving community continues to grow to Rp 206.6 trillion, up 19 1% over the same period last year, “he added.

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.

Metland Rp 40 Billion Dividend

PT Metropolitan Land Tbk (MTLA) will distribute profits or dividends to shareholders amounting to Rp 40.47 billion or USD 5.37 per share. The amount of dividends equal to 20% of the company’s net profit of Rp 203.69 billion in 2012 to 7.57 billion stockholders.

Director Metland Nanda Widya said dividend decision has been approved in the Annual General Meeting (AGM) held by the company at the Hotel Mulia, Jakarta, Thursday (16/05/2013).

“The dividends will be distributed on July 5, 2013,” he said.

In addition, the shareholders also approved a net profit in 2012 was allocated to the reserve fund of Rp 2 billion company to a business development company. While the remainder recorded as retained earnings to increase working capital.

The Company recorded income of $ 678.729 billion in 2012, up 25.3% compared to 2011 revenue of Rp 541.781 billion. While the value of the company’s assets in 2012 grew 16.5% to Rp 2.016 trillion from Rp 1.73 trillion.

Turnover rose ahead of the holiday cookies

The traders claimed pastry turnover could reach 50 percent larger than normal days with many Jakarta residents hunt cookies need for the holiday from mid-Ramadan.

“Lebaran such turnover could rise to 50 percent, the buyer is also getting crowded. Especially in the H-7 and H-3 buyers will get crowded again to hunt cookies or snacks,” said pastry sellers in the Market Lower Dam , Qonita told Reuters on Friday.

The price of each type of cookie range from 20,000 to Rp110.000/kg depending on its type. In addition to the soaring prices of basic commodities, the price of cookies also increased by Rp 4,000 to Rp10.000/kg.

“From the distributor everything has gone up, I have to naikin price the seller also, if you can not lose. However the average buyer does not mind the price goes up because the average need too. If I sell up Rp 4,000 to Rp 10,000,” said Qonita.

However, customers do not mind the prices are up because of cookie cake is considered a mandatory requirement when Eid arrives.

“I still buy despite riding, if there is no cake during Lebaran something was missing. Especially if a lot of you who have been there a light meal,” said Frida, a housewife.

Pastries are also annually has its own trends are much in demand by buyers. Cakes that appear this year include paris rice cake, cendol three flavors of cheese and crackers. Prices are set high enough that Rp110.000/kg.

Pastries like nastar, cheese cake, cake sago, cat’s tongue, and sumpia still the target of the buyers ahead of the holiday. All cakes are also increased to an average price Rp110.000/kg previously sold for Rp100.000/kg.

“I still buy nastar and sumpia every year because many families are like. All prices go up then I reduce the amount of purchases the cake, but the kind propagated,” said Susan, a private employee.

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.

Pawnshops profit vanish 20%

Pawn PT (Persero) recorded a decline in first-half profit in 2013 amounted to Rp718 billion. The decline equivalent to 22 per cent, compared with the previous acquisition of Rp929 billion.

Director of Mortgage Finance Agus Dwi Pramoedya said the decline in profit due to the decline in gold prices Pawn. “Earnings in the first half we declined, due to the decline in gold prices greatly affect the performance, so terkspos pawnshops with gold prices, gold prices fell borrowing had come down,” said Dwi on Pawn Headquarters, Jakarta, Thursday (01/08/2013).

Dwi explained, for income, Pawn still recorded an increase. Where the report in June of this year recorded revenue Rp 4, 1 trillion, or an increase of 6.5 percent over the same period last year, which is Rp3, 8 trillion.

While the number of assets, Dwi said today there was an increase in total assets Pawnshops, where the current total assets Pawn Rp33 trillion, up 13 percent compared to last year’s total assets amounted to Rp29 trillion.

“Customers we still rose to 14.4 million compared to June last year, there was an increase of 5 per cent, last year’s 13.7 million customers,” he added.

Further Dwi, turnover Pawn until June submit their increased 6 percent to Rp46 trillion last year reached Rp43 trillion.

Meanwhile, the increase in Islamic mortgage that has increased 8.6 percent, where as of June this Pawnshops scored 6 trillion last year compared with the same period amounted to Rp 5, 5 trillion.

“Operating revenues actually still rising, with the increasing number of our customers, it looks the business we’re still growing,” he said.

Pertamina EP Production of 122 Thousand Barrels

PT Pertamina EP oil and condensate production record during the first half of 2013 reached 122 thousand barrels per day. Or 92 per cent of the target has been corrected to 123 thousand barrels per day.
“We’ve made ‚Äč‚Äčevery effort to achieve the specified targets SKK Migas,” said Vice President of Exploitation, Herutama Trikoranto in Jakarta, Thursday, July 4, 2013.
Special Unit Manager for Upstream Oil and Gas (Migas SKK) Pertamina EP production target at the end of the year amounted to 132 thousand barrels per day. Worried difficult to achieve, at a meeting with the Energy Commission of the House of Representatives last June, the target was reduced to 123 thousand barrels per day.
Herutama explains, inhibiting the production of a number of things in the first half, both technical and non-technical. Non-technical issues, faced with the difficulty of drilling performance licensing and bureaucracy in the field. “Especially in land acquisition and licensing of protected forest,” he said.
Technical problems caused by drilling late due to operational problems. He cited the loss circulation problems and subsurface (subsurface) which makes the production does not match expectations.
“It turns out there is the subsurface fairly tight. Thus, for example, the production of which was estimated at 100, because the tight layer, the realization was only 50.”
Target production increase by 11 thousand barrels also can be realized only 4,200 barrels per day from January to June. In fact, in 2012, the addition of the targeted production of 14,200 barrels per day, could be realized 13,500 barrels per day. “More good because it has not appeared non-technical issues,” he said.

Come Enjoy Good EMC Indonesia Industrial Properties

Industrial properties are very excited. Many buildings, malls, apartments and housing built everywhere.

Passion that turns a positive impact on EMC storage players. For the second quarter of this year, EMC has also enjoyed the delicious Indonesian property industry.

“One of the significant business (growth) is not in the leading sectors such as telecommunications and banking, but the property industry is hot. Many transactions. Also in the financial and telecommunications industries, “said Adi Rusli (Country Manager, EMC Indonesia) on the achievement of the company ahead of time to break the fast together in Jakarta yesterday (07/30/2013).

Adi insisted, EMC revenue spearhead Indonesia remains the financial and telecommunications sectors. “But there is a rising industrial properties (growth) with demand virtualization to cloud storage consolidation,” he explained.

Compared to the first quarter of this year, said Adi, EMC’s total revenue in the country grew by 8.2%. “It should be bigger,” said Adi. Greater constraints on growth, he said, is not economic factors. “But because many projects are backed up to the third quarter. Usually January to July slowed somewhat, “he explained.

For storage business, said Adi, achieving EMC in the first half of 2013 grew 24% compared to the same period last year. While in total, EMC revenue in Indonesia for the first half of this year grew 25.4% compared to the first half of 2012.

Citing data from research institutions IDC for the first quarter of 2013, Adi mentioned that the EMC is now sitting in third. “In Indonesia, EMC is not number one,” he admitted. “But there is a significant growth. First, four years ago, EMC no ranking (in Indonesia), “he explained.

Currently, there are about EMC focuses on the business of big data, cloud and security. EMC’s business is divided into the field of storage, virtualization and Pivotal (big data). Confused what is Pivotal? Pivotal is a new platform, where all the virtualized infrastructure and presented as a service (service) and complete control through software. Pivotal is a new business entity EMC, the EMC’s ownership of 60%, 20% and 10% GE VMware.

Pertamina EP: Production of 122,000 Barrels of First Semester

PT Pertamina EP record oil and condensate production in the first half of 2013 reached 122,000 barrels per day.
Vice President Exploitation Pertamina EP Herutama Trikoranto in Jakarta on Thursday, said that the production was slightly lower than the target of 123,000 barrels per day.
“We seek the achievement of the target in the second half. Fact, the production until the end of the year is optimistic of 127000-128000 barrels per day,” he said.
Appropriate work program and budget (work program and budget) 2013, Pertamina EP is targeted to produce 132,000 barrels of oil per day.
However, the figure has been revised to 123,000 barrels per day, as the national oil production target derived from the 900,000 to 840,000 barrels per day.
Heru said the achievement of production constraints in the first half mainly due to non-technical problems of land acquisition and licensing, especially in protected forests.
Meanwhile, the technical constraints such as delays in drilling due to “loss of circulation” and below the surface of the issues that make the production is not as expected.
As a result of these constraints, plans to increase production by 11,000 barrels in the first half of 2013, only reached 4,200 barrels per day.
In 2012, Pertamina EP recorded additional production up to 13,500 barrels of the target of 14,200 barrels per day.
“Last year was better, as it has not appeared nontechnical problems,” he said.
According to him, it will increase the re-work (work-over) to the production wells to avoid the constraints of the land acquisition and licensing.
“Work does not need to re-land acquisition and licensing,” he said.
Heru said it expects to produce in the second half to increase again to reach 4,000 barrels per day.