Category: Market and Commercial

Working on Mass Market, the Bank of Credit Grow 27 Percent

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Jakarta – Credit National Savings Bank Tbk (the Bank) continued to grow rapidly during the first semester in 2013, although the BI data showed bank lending slowed nationwide starting in March 2013.
Bank’s loan disbursements grew by 27 per cent (year on year) from Rp 34.4 trillion on June 30, 2012 to Rp 43.6 trillion on June 30, 2013. The ratio of non-performing loans (non-performing loans / NPL) net of 0.39 percent, down from the end of June 2012 which was recorded at 0.43 percent.
Meanwhile, BI data showed loan growth slowed from March. Loans grew 23 per cent in January (yoy), then edged up to 23.4 percent in February, then slowed to 22.2 percent in March, 21.9 percent in April, and 21 percent in May.
Managing Director of the Bank, Jerry Ng said the positive performance of the Bank during the last few years as the fruit of bank consistency in working low-income segments of society as well as micro and small enterprises, including pre-prosperous society productive (mass market)
»In line with inclusive finance initiatives, the Bank continued to develop a business that focuses specifically designed to meet the banking needs of the mass market segment. The Bank not only open up access to finance, but also provide Power program, the training and assistance to improve the capacity of clients to run their businesses, “Jerry said through a press release, Wednesday, July 24, 2013.
During the first semester of 2013, the program has reached 697 885 Power beneficiaries, up 31.7 percent compared to the first half of 2012 reached 529 991 beneficiaries. Number of Power Program activities are held during the first half of this year rose 83.6 percent also claimed the activity of 22 034 to 40 456 activity.
Speech from mass market to service the Bank also claimed the better. This is reflected in the Bank’s fund raising Sinaya. Value of public deposits grew 19 percent from Rp 40 trillion as of June 30, 2012 to Rp 47.7 trillion as of June 30, 2013.
Throughout the first semester, the Bank launched assets grew 23 percent (yoy) from Rp 52 to Rp 63.9 trillion. Similarly, net profit after tax grew 28 per cent (yoy) from Rp 921 billion to Rp1, 2 trillion. Meanwhile, the capital adequacy ratio (CAR) of 22.7 percent, well above the minimum ratio of 8 percent. »With the CAR of 22.7 percent, in the future we are sure to have enough room to grow,” said Jerry.

Ciputra Pours Rp 1 Trillion for Luxurious Rosewood Resorts and Villas

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JAKARTA, – Considering the high demand and scarce supply luxury class accommodation facilities (five of diamonds), PT Ciputra Property Tbk (CTRP) hasten the development of Rosewood Luxurious Resorts and Villas in Tabanan, Bali.

Project occupies an area of ​​80 hectares will begin the process in the first quarter of 2014, divided into several stages of development. Phase I covering 12 acres, contains 120 units and 140 hotel rooms, 40 of which concept villa is offered to the public with strata ownership. While his suite of 60 units.

Director of Ciputra Property Artadinata Djangkar said, in contrast to hotels classes 3 and 4, the luxury class hospitality business is a niche market with specific qualifications and special service standards. Players were relatively rare, because luxury hotels require long-term investment.

“Luxury will always be needed. Though a niche market is not as big as the economy and medium-sized hotel, but the outlook is uncertain and will continue to be sought. Proven average occupancy rate of luxury hotels in Bali 55-65 percent with a longer stay (length of stay) longer that 3 to 4 days, “said Arta to Kompas.com, in Jakarta, Tuesday (30/07/2013).

In order to realize the construction of the first phase, Ciputra Property poured funds amounting to Rp 1 trillion to fund a third of the company’s internal composition, a third of bank loans, and the rest is from the sale of villas strata.

Ciputra Property operation targeting the first phase in 2016 with a projected gross operating profit of Rp 60 billion per year. There is also the phase II area of ​​24 hectares will be started before the first phase opened.

Ciputra Property is a subsidiary of PT Ciputra Development Tbk (CTRA), which posted sales (pre-sales) during the first semester of 2013 amounted to Rp 237.6 billion. This amount is only 13.5 per cent of the annual target of Rp 1.75 trillion.

While they were able to achieve revenue was Rp 844.5 billion, an increase of 174 per cent rather than the first half of 2012 amounting to Rp 308.7 billion. In total, the amount of new revenue is 43 percent of the annual revenue target of Rp 1.95 trillion.

In addition to working on Rosewood Luxurious Resorts and Villas, Ciputra Property CitraDream also develop budget hotels in Cirebon, Semarang, Bandung, Yogyakarta, Serpong, Bintaro, Bengkulu and Banjarmasin and build superblock area of ​​7.2 hectares in Puri Indah, West Jakarta.

Cable Industry Optimistic ASEAN Free Trade Deal

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Jakarta-As preparations for the ASEAN Economic Community in 2015, Vice Minister of Commerce visited the factory wiring Krisnamurthi PT Supreme Cable Manufacturing Commerce (Sucaco) Tbk. Wires and electronic equipment is one sector which is set by default in the free trade in the region.
“It turns out we are ready to face competition because the company is apparently one of the best in ASEAN,” said Bayu at the factory Sucaco in Daan, West Jakarta, Monday, July 29, 2013. Factory covering an area of ​​14 haktare was already 41 years old and is one of the oldest cable factory in Indonesia.
According to Bayu, PT Sucaco been exporting its products to Japan and other countries in the Middle East are taking a higher standard of ASEAN. However, exports are now stalled because the domestic market absorbed all of its products.
As the economy grows, the need for cables and equipment in the country is growing. This additional requirement apparently was overtaken by the domestic industry in which the culprit was more than 100 companies.
As a result, Indonesia’s trade balance was a deficit of electronic products. Last year for example, the Central Bureau of Statistics noted that the export cable and electronic products only reach U.S. $ 7 billion, while imports reached U.S. $ 15 billion.
Jamallulail Noval, Chairman of Cable Manufacturers Association (Apkabel) states, the main obstacle in the cable industry is the issue of raw materials. Although Indonesia is producing copper and aluminum, but in fact the cable industry still has to import both these metals. “Because here there is no industry median, so it should be processed beyond the first,” he said.
Another problem, the import of raw materials seengah so it turned out to be between 10-15 per cent import duty. “It’s somewhat reduces our competitiveness for export markets,” said Noval.

Earnings Fall 22% Pawnshops Because Kraft

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Mortgage PT (Persero) recorded a decrease in net income to Rp 718 billion in the first half of 2013. The number is down about 22% when compared with net income in the same period of the previous year of Rp 929 billion. Profit decline was due to a continued decline in the price of gold on the market.

“The decline in gold prices greatly affect the performance of the company’s significant because when the price of gold fell Mortgage loan disbursement will face obstacles because its value will go down as the price of gold down,” said Director of Mortgage Finance Agus Dwi Pramoedya when met at the Central Office Pawn Kramat, Jakarta, Thursday (01/08/2013).

However, he said, although besih profit declined but remains the company’s turnover rose. In the first half of this year, the company’s revenue still grew by 6.5% to Rp 4.1 trillion over the same period the previous year which only Rp 3.8 trillion.

Total assets also go up to Rp 33 trillion in the first half of 2013, an increase of 13% when compared to its total assets in the same period the previous year which reached Rp 29.1 trillion.

From the business side, Pawn is able to achieve a turnover in the pawning business of gold amounting to Rp 46 trillion in the first half of 2013, an increase of 6% from the same period last year of Rp 43 trillion.

“It is conventional. If sharia as of June 2013 was Rp 6 trillion, Rp 5.5 trillion last year finished up 8.6%,” he said.

In addition, the company’s customers also increased 15% to 14.4 million in the first half of 2013, when compared to the same period of the previous year which only 13.7 million.

“Seeing this increase, we believe the mortgage business will continue to grow,” he said.

PTPP Rp 92.94 billion Dividend Coverage

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PT PP (Persero) Tbk (PTPP) will pay dividends of Rp 92.94 billion. The dividend equivalent to 30% of the net profit of Rp 309.68 billion in 2012.

Director PTPP, Bambang Triwibowo said net profit last year rose by 29% compared to previous year profit of Rp 240.22 billion.

“The increase in net income was bolstered by the acquisition of new contracts, increase revenue and efficiency and continuous innovation company,” Bambang said in a press conference at Headquarters PTPP, Pasar Rebo, East Jakarta, Tuesday (30/04/2013).

The plan, the dividend will be distributed to shareholders in June 2013. To revenue in the year 2012, the issuer’s stock PTPP coded, managed to reap Rp 8 trillion.

This revenue, an increase of 28.43%, when compared to last year’s Rp 6.23 trillion.

“To support the company’s long-term target of the future will be supported by the construction of 5 business, property, EPC, investment and other businesses such as industry,” he said.

This reason Yusuf Mansur Hotel Business Joint Venture Acquisition

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JAKARTA, – Ustaz Yusuf Mansur turns out to have its own reasons for making the business of the Joint Venture Enterprises congregation funds. Even the joint funds can be used to acquire the hotel and turn it into a hotel for pilgrims and Umrah.

Chairman of the Joint Venture business owned Enterprises Yusuf Mansur, Arief Mufti, said the reason for this famous preachers make the business because he believes that Indonesia is very rich. Even according to analyst projections, Indonesia is believed to be a superpower.

“But we was funny. Ustaz Yusuf Mansur right Betawi, he kept thinking of Indonesia’s property behind. He considers that the Indonesian people not to miss business. Treasures Do not let it circulate in certain sectors (foreign owned),” Aries said at the conference FSA press office, Jakarta, Monday (29/07/2013).

Aries regard, the joint business is a fund of the people, by the people and for the people. Therefore, these funds can be rotated to generate profitable business. However, Aries is still reluctant to comment on the value of the proceeds from a joint business venture, especially funds that can be used to acquire Paragon Hotel Soekarno Hatta airport in Tangerang district and is now converted into a hotel Siti.

“The issue of funding, there will be an official release. We did not make a statement about it. Data will be verified again, they are consolidated, so that there is no mistake,” said Vice Chairman of the Expert Council of Islamic Economic Society (MES) is.

Currently, the FSA suggested that Yusuf Mansur public companies to make business overshadow the Joint Effort. Because, so far, the business people do not obey the rules of the stock market, let alone the promised gains of up to 8 percent.

G-Resources gets Income 98.5 Million U.S. Dollars

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JAKARTA – G-Resource, the mining company that manages the Martabe Gold Mine in the District of Batang Toru, North Sumatra province, the company posted revenue during the second quarter of 2013 amounted to 98.5 million U.S. dollars.

Acquisition performance was bolstered by gold and silver production. President Director of G-Resources Martabe Gold Mine, Peter Albert, in a press statement on Wednesday (31/07/2013), said the company was able to produce above nameplate capacity targets guide the design and revise the company this year.

It shows a variety of operational efficiencies achieved since we began trial production in just 12 months.

“We are proud of the achievement of high performance and dedication of our team during this first year. We will continue to develop Martabe move into one of the leading gold mining in Asia, “he said.

Senior Manager Corporate Communications G-Resource Katarina Hardono, said G-Resource production in the second quarter to reach full operating life of 70 212 ounces of gold and 382,320 ounces of silver.

Catherine explains, benchmark expenditures under budget and will continue to be lowered. Operating cash costs decreased to U.S. $ 510 per ounce during the quarter, due to mining activities and ore treatment plant has exceeded the production target.

Along with a significant increase in production from the previous quarter, the company revised its production target gold guide that will be produced in the year 2013 to 280,000 ounces, exceeding the previous target of 250,000 ounces.

“One year marked the first gold pouring commemorated on July 24, 2013 ago,” he said.

Since the trial began production on July 24, 2012, Martabe Gold Mine has produced over 200,000 ounces of gold and nearly 1 million ounces of silver, so far beyond expectations.

Income earned from the sale of G-Resources gold and silver during the second quarter reached 98.5 million U.S. dollars.

Martabe Gold Mine is located on the west side of the island of Sumatra, District of Batang Toru, North Sumatra Province, with an area of ​​1,639 square kilometers, below the sixth generation Contract of Work signed in April 1997.

Martabe Gold Mine now has a resource of 8.05 million oz of gold and 77 million oz of silver and is targeted to start production in early 2013, with an annual capacity of 250,000 oz gold and 2-3 million oz of silver lower cost.

Shareholders Martabe Gold Mine is G-Resources Group Ltd by 95 percent, and 5 percent other stake holders is PT Artha Nugraha Agung, which is 70 percent owned by the Government of South Tapanuli and 30 percent owned by the Provincial Government of North Sumatra.

Sun Profit Up 68% In Six Months, Reaches Rp 265 Billion

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PT Matahari Department Store Tbk (LPPF) net profit to Rp 265 billion in the semester 1-2013, grew 68.3% compared to Rp 157 billion in the same period last year. The rise in profit was in line with revenue growth of turnover alias.

The sun gross sales in Semester 1-2013 Rp 5.16 trillion, 19.4% higher than the previous year of Rp 4.32 trillion. While net income reached Rp 2.741 trillion, 23.1% higher than Rp 2,226 trillion in the past year.

According to the press release the Sun, Thursday (01/08/2013), the growth was the result of an increase in the company’s customer segments, increase in disposable income and improvements in product offerings sold.

Sun currently has 121 outlets in 58 cities in Indonesia, including 5 new stores opened in the second quarter of 2013, ie in Surabaya, Palangkaraya, Palembang, Palopo, and Cibubur.

The Company has made voluntary bank debt in March 2013 amounting to Rp 700 billion, and pay back bank debts voluntarily today at Rp 400 billion, bringing the total debt down from Rp 2.369 trillion at the end of June 2013 to Rp 1,969 trillion.

Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

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Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

“By providing long-term benefits, Saratoga will continue to contribute to Indonesia and the wider community,” Uno added.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.

While the natural resources sector, global sentiment towards commodities affect the performance of associated companies (investee companies) engaged in integrated coal sector, mining and palm oil.

Such as PT Adaro Energy Tbk (ADRO), Provident Agro, and PT Agro Maju Raya (Amara) which was corrected earnings

Expand in Insurance and Banking

Entering the second half of 2013, the company plans to enter into the insurance and banking sectors. This sector, said Uno, still very attractive in Indonesia.

“We are open to look at opportunities in the banking sector. Banks in Indonesia are very good, the growth of the industry is still good,” he said.

The Company is developing in the direction of the two sectors of the industry. How, can by buying an existing company or create new company from scratch.

“The business model we are usually targeting existing enterprises and capital needs. But it could also open opportunities from zero,” he said.

Ahead of Idul Fitri, Tuberose Flowers Laris Manis

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Ahead of Eid, people usually decorate their homes with fresh flowers. Residents usually invade the largest flower market in Jakarta, Rawa Belong.
Head of Business Unit Means Sentra Rawa Belong Flower Market Flower M Muljadi said the most sought after community interest ahead of Eid is the tuberose flower.
He considered the tuberose flower is highly sought after by people who want to decorate her house when Lebaran. “Tuberose became the best-selling interest ahead of the Eid al-Fitr,” said Muljadi to Tempo in his office, Tuesday, August 6, 2013, afternoon.
Mulyadi revealed in January, about 800 thousand to one million tuberose flower stalks are sold out for the H-3 to H-1 or takbiran night. Tuberose stalks one for Rp 5000-6000. “Imagine if sold 800ribu stalk, flower traders how the overall turnover in the Rawa Belong market,” said Muljadi.
A similar sentiment was expressed by Toyib (59), flower merchants Ambarawa origin, Central Java. Toyib admitted Tuberose flower sales increased dramatically ahead of Eid. “Especially at night takbiran, I could sell a lot. Were so many to forget how the stalks are sold,” said Toyib.
Grace, 39 years old, one of the consumers who buy flowers Tuberose in Rawa Belong market is said every year to buy flowers to decorate her house. Once purchased, Grace willing to spend Rp 500 thousand to 100 tuberose stalks.
“It’s over the years I bought here, to beautify the house,” said the mother of two children. “She smelled too bad, make a fresh home.”
Muljadi assess the increase in sales of the Tuberose is affected by the fall holidays and leave together ahead of Idul Fitri. According to him, if the schedule falls off with the 4-5 days ahead of Eid, the tuberose sales will decline, but not too significant.
“So depending on the holiday of Eid fall when, as in 2008, when it fell off a longer time after Lebaran, so our sales to decline,” said Muljadi. “Yes, because people do not have time to buy.”