Month: January 2017

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

Published / by jiukuaiy

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.

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

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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.

Industry: Capturing Profit Fake Butterfly

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Beauty butterfly inspired many. Not only butterfly cocoon life worth expensive, fake butterfly business is not less thrill in capturing profits.

In Malang region precisely Tepus Foot, found many craftsmen making miniature ornate butterfly that exploit many garbage ball badminton (shuttlecock).

Murtini point is one of the crafters making artificial butterfly (brooches and accessories), start a business kerajianan butterfly made since 2004. He is quite successfully developed this business to a butterfly homemade products to penetrate the export market.

Creative ideas are not only produces its own inner satisfaction for the creator, but it can also bring in dollars that promise.

At first no one thought that discarded trash shuttlecock futile it can be processed into products that are beautiful and have a high value-added exports competitive even in the international market.

Up to now at least butterfly product has crossed the globe to across the world, from Europe, America, Asia. For example, for the American market butterfly products quite popular in Colombia, Mexico, to Asia quite popular in Thailand, Malaysia. The sale price is quite competitive and fairly priced for the European market as it sells for a homemade butterfly only 1 euro.

“My product has been around the world,” said Lili to detikFinance last weekend.

The export market is beginning produksnya known. When it several overseas counterparts to bring examples of butterfly products. As a result, the market response is quite astounding, all products are sold out.

Starting from where he started confidently to expand into other markets such as the U.S. in Mexico and Colombia. Unmitigated, Lili not only makes selling a butterfly, but the status of Mexican nationality law got was achieved.

Former employees of the interior design, continues to expand its business by making new breakthroughs, such as looking for alternative materials and developing a miniature forms of decoration outside of the butterfly. The result is extraordinary, the buyers are increasingly interested in the product.

“I also developed outside suttlecock, from the leaves too, stocking, patchwork. Besides butterflies, insects and animals all I’ve made, dragonflies, birds, bats and others,” he explained.

Speaking of capital calculations, falls into this very promising business, other than a small capital with promising results, its products are also quite durable. Lili explains, one sack waste of capital suttlecock the price of one sack he only Rp 50,000 can be 3000 pieces of magic butterfly made with a variety of sizes.

Price of the butterfly homemade fruit priced at Rp 750 to Rp 1,000 per fruit. If multiplied by 3000 then at least Rp 2.5 million already in hand to cut costs coloring and other components.

Although for certain sizes and types for special purposes such as wedding souvenirs, she pairs a higher price with a price range of Rp 2,500 to Rp 15,000 for a large size.

“Every month I was able to production of 30,000 to 50,000, I helped my 20 employees. If I buy the excess orders from other traders or artisans,” he said.

Although in the category of cottage industry, which he turnover handful of craft brooches and accessories butterfly is quite large, at least every month at least he could pocket the turnover reached USD 50 million.

“The challenge now is, because in Malang has many, so many crafters are dropping in price,” he complained.

Lili admitted despite the current crisis, not ebbing demand for its products, the total production of almost 35% it exports to international markets, while 65% he threw into the domestic market. Honestly he said the domestic market has not been explored everything especially outside Java.

“The market outside Java is still great potential, this is actually an opportunity,” he said.

June, the Fastest Growing Manufacturing Sector UK

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Production growth in the UK manufacturing sector rose at its fastest pace in June 2013. According to data from the National Statistics Office (ONS), this is the fastest growth since the end of 2010. Manufacturing production rose 1.9 percent compared to June after always recorded a decline in May and April.
This increase is two times higher than analyst predictions. This growth is fueled by economic data that showed improvement in the UK economy. In general, industrial production consisting of manufacturing and mining production rose 1.1 percent in May and June.
»Data production in the manufacturing sector, this is a picture that the manufacturing sector will continue to gain momentum and become a more important contributor to economic growth in the years ahead,” said economist for Manufacturing Sector in UK Manufacturing organization, EEF, Lee Hopley, as quoted by page BBC, Tuesday, August 6, 2013.
Growth in the manufacturing sector is the most widely contributed by transportation equipment sector (5.3 percent). »Industrial electrical equipment and transportation has shown a positive trend in the last three months,” he said. UK manufacturing production rose 0.7 planners in the first and second quarter of 2013.
Growth in the UK manufacturing sector is hampered by the decrease in gas processing and oil production in the UK as well as in the energy sector lower.

Oliver Wyman analysis of the automotive industry’s structural change 2.0: Fine line for medium-sized suppliers

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The automotive industry will be facing enormous challenges over the next few years. In the wake of the expected growth, OEMs and suppliers will have to deal with the next wave of structural change. While this will open up new opportunities, it will also require huge investments. Even today, the financial scope for manoeuvre of many suppliers is limited – not least due to low profitability and increasingly demanding investors. This means that the classic medium-sized automotive suppliers are walking a fine line. If they want to accept structural change 2.0 and the associated costs, they will have to work primarily on their strategic orientation and operational excellence, thereby ensuring their profitability and creditworthiness. These are the findings of the Oliver Wyman study on the impact of the structural change involving the supplier industry.

In the next few years, globalization and technological progress will bring dynamism and growth to the automotive industry across the world. The major emerging countries are still developing rapidly, and so further accelerating the regional market shift. In China alone, annual car production volume will almost double by 2020 (from 18 to 33 million vehicles). In India it is expected to nearly triple from four to 11 million. Traditional automotive regions such as Western and Southern Europe are stagnating due, in particular, to low sales. In June 2013, for instance, the Western European car market lost more than five percent compared to June 2012.

Furthermore, OEMs, owing to their increasing focus, will in the future assign an increasing number of tasks to suppliers. Especially in research and development and in production, suppliers will gain additional value components. According to Oliver Wyman, automotive value creation in 2025 will amount to 1.25 billion euros. Of this amount, 69 percent will go to suppliers – a clear increase as against the 61 percent from 840 billion euros in 2012. Ultimately, the complexity of the product range is taking on new dimensions. More than ever, the automotive industry will be shaped in the next few years by new vehicle concepts, new models and new technologies.

High capital requirements – cheap debt financing but only with an intact business model

The imminent growth will trigger the next wave of structural change. For all players in the automotive industry, this will open up major opportunities. But the fact is that only profitable and financially strong suppliers will be able to make the necessary investments in global structures and new technologies. “It is precisely the medium-sized supplier landscape that is under huge pressure from the creation of structures for the expected growth outside their home region,” emphasizes Lars Stolz, a partner at Oliver Wyman. “Many could see their profitability severely impaired for a long time”. In fact, over the next few years there will be high investment requirements. Even the structural adjustments of recent years required enormous expenditure and had significant consequences for profitability. Total depreciation on investments in value-creation structures and expenditure on research, product development and management increased from 2008 to 2011 on an annual average from 19.1 to 20.3 percent of sales, while operating income fell internationally on average from 7.5 to 5.5 percent.

However, much higher investment and additional expenses will be needed for the forthcoming structural change and the related, but repeated, transition to a new value system. This will put profitability once again, and much more severely, under pressure. According to calculations by Oliver Wyman these structurally related costs could amount in the transitional phase to up to 23.3 percent of sales and push down operating profit to only 2.5 percent on average. For a supplier with a turnover of 300 million euros, for example, such an increase would mean an additional cost of around 10 million euros and make the profits shrink accordingly. An operating margin of 2.5 percent will only in the rarest cases be sufficient to achieve a positive result after interest and tax.

In addition, the global automotive industry does not enjoy linear growth, but is subject to considerable fluctuations. If revenues fail to meet expectations in periods of high investment, the profit could slip even faster below the zero line. Without adequate profitability cushions, however, most suppliers are unlikely to be able to handle structural change 2.0 on their own. External financing is in turn experiencing certain difficulties. Due to the tightening of risk management requirements, banks are required to scrutinize the creditworthiness of companies more closely. This will also be felt by the automotive suppliers. Successful and profitable suppliers currently benefit from low interest rates and good availability of debt. Companies with an unclear business model or an unfavorable competitive position, however, are finding access to much-needed external funding more difficult.

Localized globalization required

Especially small suppliers maintaining strong customer relationships with manufacturers headquartered in their home region have only occasionally driven the structural change in recent years and participate in the international expansion mostly through exports. This was possible because the OEMs frequently still supplied new markets from their home region. In the future, however, the clocks of globalization will be ticking differently. The automakers will establish an increasing number of development centers and numerous production locations in te major emerging economies, especially China, but also in America, something they now also expect from their suppliers.

If small suppliers want to continue to benefit from the global volume growth, they need to swim in the waters of their customers and create the corresponding structures on site. But most of them have neither the financial resources nor the profitability to make the necessary investments. “For many medium-sized suppliers, it is five to twelve,” said Tom Sieber of Oliver Wyman. “Now they are paying for having, in the past, mostly stood by and watched the decline of their profitability. If they do not act rapidly, they will be putting the existence of their company at risk because they lack the resources for future growth.”

Rethinking needed

More rigorously than ever the medium-sized suppliers now have to work on their strategic positioning – and from a long-term perspective. This includes, among other things, clear footprint and portfolio strategies, but also the strategic definition of high-value activities and their own value-creation contribution. At the same time, it is important to be well prepared not only in purchasing, production or development. The challenge is to be better than the competition in all segments of the entire value chain in order to be able to set yourself apart. This includes the optimal selection and prioritization of projects, a professional purchasing organization, strict cost management, optimizing production efficiency and quality and the outsourcing of logistics processes.

Moreover, medium-sized suppliers should be open to all financing options – whether corporate bonds or subordinated loans, or capital inflow through private equity partnerships, or other strategic investors. “The line between getting through and crashing is extremely narrow,” admits Mr. Stolz. “Anyone who does not want to slip into the red and risk a liquidity bottleneck should now adopt the right strategic orientation and, in operational terms, concentrate massively on profitability”.

ABOUT OLIVER WYMAN

Oliver Wyman is a leading global management consulting firm with 3,000 employees worldwide in more than 50 offices in 25 countries. The company combines in-depth industry knowledge with specialized expertise in strategy development, process design, risk management and organizational consultancy. Together with its clients, Oliver Wyman designs and implements sustainable growth strategies. We help companies to improve their business models, processes, IT, risk structures and organizations, accelerate processing and to leverage market opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC – News). For more information, seewww.oliverwyman.de. Follow Oliver Wyman on Twitter @OliverWyman.

It is precisely the classic medium-sized automotive suppliers who are having to walk a fine line. If they want to overcome structural change 2.0 and curb the associated costs, they will have to work above all on their strategic orientation and operational excellence, thereby ensuring their profitability and creditworthiness.

EMC Gets USD 5.29 bln in Q1

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EMC Corporation posted a fairly promising financial results in the first quarter of 2013. EMC Q1 revenues reached USD 5.39 billion, an increase of 6% ​​over the same quarter last year.

The GAAP net income of USD 580 million and first quarter GAAP earnings per weighted average number of diluted shares is USD 0.26.

Non-GAAP net income EMC reached USD 850 million, an increase of 4% compared to the same quarter the previous year. Non-GAAP earnings per weighted average number of diluted shares was USD 0.39, up 5% from year to year.

Joe Tucci, Chairman and Chief Executive Officer of EMC said EMC’s solid financial results in the first quarter illustrates the power and precision of their execution strategy that offers efficiency, control, choice and greater agility to customers.

“Our three business federation – EMC Information Infrastructure, VMware and Pivotal – focusing on the IT sector is expected to experience high growth in the next decade: cloud computing, Big Data and IT reliable,” he added, in a written statement on Thursday (16 / 5/2013).

Sales turnover increased apes in Lahat Jalinsum

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White ape sales turnover (Hoop) in Sumatra highway (Jalinsum) Lahat Regency, South Sumatra, increasing entered and after Lebaran Idul Fitri 1434 H.

“Trade hoops before Eid until D +3 is an average of ten fish per day,” said a trader hoops Haris (35) in Jalinsum-Tebingtinggi Lahat, “Sunday.

He said the hoop was obtained from the results of the hunt in the forest area were taken a median age of one month and sold Rp200 thousand per head.

There are also two-month-old hoops but its price is 150 thousand less, but the average buyer in the hope of buying a young age can be maintained in the long term.

Every day before Eid sold an average of over 20 birds, whereas during Ramadan only one two tails because the demand is less.

Sales is one of the hoops livelihood New Petikal villagers and the village of Lubuk Overlapping, District East Kikim every hunt wild animals ahead of Eid was increased.

“We sell a hoop to serve as a souvenir of Eid when the travelers return home, when a typical day the sale was not there,” he said.

The proceeds divided equally hoops every day with the group. Along jalinsum Lahat-Tebingtinggi some point the location of the sale of endangered animals.

Coordinator of the Indonesian Forum for the Environment (Walhi) Musirawas District Sapar yasa condemn white ape sales (hoop) because its existence was endangered.

He acknowledged, hoops are not yet included in the list of endangered animals, but its existence is now getting squeezed due to reduced forest areas for farming and large estates.

Animals, likes to eat the crops such as beans and other fields as their habitat has been depleted their food.

Same thing with the presence of the tiger habitat has been exhausted and the potential for reduced meals, so when people see you immediately eaten by cattle.

“We call on the Natural Resources Conservation Center (BKSDA) South Sumatra region to secure the animal from extinction,” he said.

Home Finance of America – Now Offering Lowest Mortgage Payments

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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.

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Metland Rp 40 Billion Dividend

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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.

Only Slightly Up 2%, Profit Sampoerna Rp 5 trillion

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PT HM Sampoerna Tbk (HMSP) reported a net profit of Rp 5.01 trillion in the semester 1-2013, higher than the Rp 4.88 trillion in the first half of 2012. Profits rose thanks to the company’s turnover also grew.

Revenues or net sales reached Rp 36.2 trillion in the first half of 2013, up from Rp 31.89 trillion in the same period in 2012.

“Sampoerna show high sales volume growth, driven by the performance of the segment of low-tar low-nicotine. SKT segment is still performing well as evidenced by our investment in the new plant in Jember, “said President Director of Sampoerna Paul Janelle in a press release on Thursday (01/08/2013).

Sampoerna record market share of 36.1% in the second quarter of 2013, up 0.9 points from the same period in 2012.

In the first half of this year, Sampoerna has donated taxes (including excise tobacco products) amounted to Rp 20.9 trillion, up 14.9%, from Rp 18.2 trillion in the same period in 2012.