Company Limited reported a net profit of PLN in the first half of 2013 amounted to 15 833 percent compared to the same period of 2012.
Head of Commercial Division PLN Benny Marbun in Jakarta on Thursday, said the first half of 2013, net income reached Rp 4, 78 trillion, a significant increase of Rp 4, 75 trillion over the same period of 2012 which only 30 billion.
“The increase in net income was mainly due to tremendous rise in foreign exchange earnings which are noncash Rp 7, 6 trillion,” he said.
In the first half of 2012, the electricity SOEs suffered losses at Rp 6, 7 trillion, while the first half 2013 profit rate RP0, 9 trillion in order to obtain foreign exchange gain of Rp 7, 6 trillion.
Though, Benny continued, on the other hand an increase in interest expense and finance Rp2, 3 billion and increase the tax burden Rp1, 6 trillion.
According to him, the increase in foreign exchange gain of Rp 7, 6 trillion, mainly due to the appreciation of the rupiah against the yen by 10.4 percent even though at the same time the rupiah depreciated 2.7 percent against the U.S. dollar.
In the first half of 2012, the rupiah depreciated against both the yen and the U.S. dollar, respectively 2.4 percent and 4.5 percent.
“PLN pretty much liability in that decline yen yen positive impact on net income,” he said.
Benny also said that the first half of 2013 operating revenues rose 4.8 percent to Rp116, 7 billion when compared to the first half of 2012 amounted to Rp111, 4 trillion.
The increase in revenue, primarily from an increase in sales volume due to the addition of electric power customers and increase rates on a quarterly basis starting in January 2013 account.
Meanwhile, the operating expenses recorded Rp98, 3 trillion, up 3.6 percent compared to 2012 Rp94, 9 trillion.
“The increase in operating expenses among others, due to increased consumption of fuel and lubricants due to increased electricity sales and rising fuel prices,” he said.
Thus, he continued, first half 2013 operating income rose R1, 9 billion or 11.5 percent of Rp16, 5 trillion to Rp18, 4 trillion.
To EBITDA increased 10.1 percent to Rp30, 4 trillion from Rp27, 6 trillion.
The amount of non-current assets increased 2.6 percent to Rp484, 6 trillion on June 30, 2013 from Rp472, 1 trillion on December 31, 2012.
Current assets rose 0.9 percent to Rp69, 2 trillion on June 30, 2013 from Rp68, 6 trillion at December 31, 2012.
“The total number of the company’s assets at the end of Semester 1 in 2013 amounted to Rp553, 8 billion or increased by Rp13, 1 trillion from Rp540, 7 billion at December 31, 2012,” said Benny.
Company Limited reported a net profit of PLN in the first half of 2013 amounted to 15 833 percent compared to the same period of 2012.
Jakarta – Special Unit Managing Upstream Oil and Gas (Migas SKK) recorded as many as 7 Contractors Cooperation Contract (PSC) oil production surpassed the target of state budget 2013.
PSC’s seventh among others:
ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890,
Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day,
Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day,
PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day,
Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day
Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day
ConocoPhillips (Grissik) Ltd managed to produce 9,435 barrels of oil per day from its target of 9,430 barrels per day.
Head of Oil and Gas SKK Rudi Rubiandini said the PSC is still not able to meet the target set in the state budget-2013 as well as targets in the Work Programme and Budget (WP & B) in 2013, then the PSC are immediately improve their performance in order to meet the targets set.
“Performance targets are not reached so soon improved to the national oil production target could also be exceeded. What we are doing right now is working for the State, for the national interest because it lets us collaborate and work together,” Rudi said in a written statement, Wednesday (7/31/2013)
He said a number of non-technical constraints such as the licensing process in local government, including the issue of sealing oil wells crude oil theft is still a major persolaan in an effort to increase national oil production.
Rudi hope the Regents participate and support efforts to increase domestic oil production in order to improve the welfare of the people in Indonesia.
“State revenue from oil and gas are not only enjoyed by the people in the oil and gas producing areas but also enjoyed by the public at the end of the island in the archipelago that has no oil. Due to direct oil and gas revenues into the State account and straight into the oil and gas revenues in the state budget enjoyed by the whole people Indonesia from Sabang to Merauke, “he said.
He also said the state’s revenues from the management of upstream oil and gas in the first half of this year reached U.S. $ 18.7 billion from the target set by U.S. $ 18.4 billion for the first half of the year.
While oil production in the same period reached an average of 831,118 barrels per day or 99% of the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.
In the first half (I) 2013, PT Pertamina Exploration and Production (EP) posted a profit of Rp 10 trillion more. Targeted for this year, a subsidiary of state-owned PT Pertamina is able to reap a profit of Rp 18 trillion.
Public Relations Manager of PT Pertamina EP, Amperianto Agus told reporters in Jakarta, Saturday (3/8) night suggests, corporate profits optimistic embrace of it is based on the production performance of oil and gas corporation that produced it.
He said that the present level of oil production per day PT Pertamina EP reached 132 thousand barrels. The expected production rate constant and even increases with the exploration and discovery of new reserves by corporations. “In 2012, corporate profit reached Rp 21.5 trillion,” he said.
This year profit target of Rp 18 trillion does not mean a decrease compared to last year. Agus argues that profits surge last year in addition to the corporate consistency in producing oil and gas, as well as exchange rate differences and the rise in oil prices in the international market.
“Target profit last year (2012) amounted to Rp 17 trillion,” he added.
Most of PT Pertamina EP oil fields located in Sumatra, especially in Jambi, South Sumatra, North Sumatra, and Riau. Pertamina EP also has oil fields in West Java, Central Java and East Java.
“We’re also there is quite a large project in Central Java and East Java. BUT, it is where the gas production is later used to supply gas power plant Tambaklorok Semarang. If that was to be our gas production, is estimated to be saving USD 2 billion of fuel conversion used oil to gas power plant Tambaklorok Semarang, “he explained.
As a subsidiary of PT Pertamina engaged in the upstream oil and gas sector, according to Agus, operational and corporate performance requires the support of many parties, especially the government and society.
Oil theft cases in a massive scale in the pipeline Tempino-Plaju South Sumatra should not happen in other places. In the pipeline along the 265 kilometer (KM), he said, about 75% have been embedded in the ground at the depth of 1.5 meters to 2 meters.
“But, it remains stolen. Trick with building above the oil pipelines, oil pipelines and oil drilled and taken,” he said.
JAKARTA – Special Unit Managing Upstream Oil and Gas (SKK Migas) said oil production in the first half of this year reached an average of 831,118 barrels per day (bpd), or 99 percent of the target set in the state budget in 2013 amounting to an average of 840,000 barrels of oil per day.
Head of Oil and Gas SKK Rudi Rubiandi, said as many as seven Sharing Contract (PSC) surpassed the revised budget target of 2013.
“That ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd,” Rudi said in Jakarta, Thursday (01/08/2013 ).
The following oil production of 7 KKKS who achieved the target:
1. ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890,
2. Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day,
3. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day,
4. PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day,
5. Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day
6. Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day
7. ConocoPhillips (Grissik) Ltd managed to produce 9,435 barrels of oil per day from its target of 9,430 barrels per day.
PT Semen Indonesia (Persero) Tbk posted a first half net profit of Rp 2.58 trillion or Rp 436 per share, an increase of 22.9% from the same period in 2012. The revenue 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.
The increase in revenues was supported by the total sales volume increased by 18.3 percent to 12.23 million tons in the first half of 2013. Domestic turnover amounted to 12.14 million tons (up 18.0 percent) and export sales of 0.09 million tonnes (up 170 percent). While the national cement sales volumes (industry) 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, especially in the field of marketing and distribution in Indonesia Cement Group, so we were able domestic market share increased to 43.6 percent from last year’s 40 , 9 percent, “said President Director of Semen Indonesia, Dwi Soetjipto in a written statement received by Tempo, July 29, 2013.
Of the domestic market, the composition of the Indonesian Cement revenues derived from customers in Java and outside Java almost equal. In the first half of 2013, the Java market accounted for revenue of Rp 5.72 trillion (52.43 percent of total domestic sales), while consumers outside of Java contribute to the revenue of Rp 5.19 trillion or 47.57 percent of the total domestic sales .
In addition to maintaining dominance in the domestic market, Indonesian Cement continues to boost sales to foreign markets, especially countries in Southeast Asia. From January to June this year, Indonesian Cement has achieved record revenues in foreign markets amounted to Rp 511.64 billion. This number jumped 170 percent compared to overseas sales in the first half of last year which was only Rp 30.34 billion.
SOLO– Arrival of Ramadan is not wasted some people to carry out seasonal business. One is a cottage industry cake proliferation. Utilizing the home kitchen, turnover of up to tens of millions of dollars could be obtained.
Endang Paryanti is one that utilizes baking hobby into an extra source of income. Since before the fast, he got busy with the flour and butter in the house which is located in Jalan Sapodilla III No. 6 Karangasem. He expertly made cakes nastar, Kastengel and snow princess. Currently, without hiring employees he can still fulfill the orders kept coming. One day, he alone could produce 20 jars of cookies.
“It will start the third week, there may be an additional two employees to help make the cake. If alone, fear can not serve demand more and more,” he said.
Endang, was three years in a row to make each cake using a label Aura Lebaran Cookies. Every Eid, he can accept orders up to 500 jars. Assorted pastries are sold for Rp 35,000 for each of the jar. He believes, orders will continue to come to close to Lebaran. Because this year he’s doing more extensive promotion.
“In the past only by word of mouth promotion. Now I use facebook and blackberry messenger. Besides in Solo, the buyer also come from Jakarta, Semarang, Yogyakarta and Jepara,” he said.
The same is done Rahayu. Together with his brother, he used to market the Idul Fitri various pastries. On an average day, more sisters make snacks for the kids, such as donuts vegetable or vegetable noodles.
Unfortunately, he was not able to accept orders in large quantities due to limited production capacity.
“Cake made our family at home in Kartasura. Was looking for an additional year hard labor. Mostly people prefer seasonal work in printing rather than making the cake,” he said.
To date, he has received 200 orders a variety of pastries. Starting from nastar, Kastengel, corn cookies, cheese and sago. The cakes are sold at varying prices, from Rp 35,000 to Rp 55,000 per jar.
Some internet sites quip about Esemka similarity with the cars from China. Esemka guarantee, their cars are their own and do not claim to import from China.
According to the owner of the workshop ‘Kiat Motor’ Haji Sukiyat which is the figure behind Esemka, essentially making the same car.
“The car was not it at all. Similar all. Starting from the chassis to make the given body. But clearly this (Esemka) is my inspiration, just take it from everywhere,” he said when contacted detikOto.
Learning Coordinator Creative Industries in SMK 2 Surakarta Dwi Martono Budhi previously said Esemka fraction components imported from Korea, and Japan and China. Still Esemka components are made from 80 percent local.
“Esemka and different Timor. Timor, Korea, and we (Esemka) Indonesia. Were only a few parts of China, Korea and Japan,” said the teacher in SMK 2 Surakarta was to detikOto, Thursday (5/1/2012).
For Esemka engine block, said the man who was familiarly called Toto was produced in PT Autocar Industrial Components (AIK) in Karachi.
The chassis itself made the following rims are produced in Indonesia. Meanwhile, piston ring, valve, alternator from Japan. For the injection system of Korea. Following transmission kopelnya ordered Fuday brand in China. Not only that axle for propulsion Esemka also accidentally imported from China.
In the year 2010, PR SMK 1 Singosari Malang said Agus Sudarto car assembly results arable students of vocational school that was studied for the automotive industry in China is prioritizing cottage industry.
With that goal, said Agus, home-based automotive industry is expected to grow rapidly. Happen in countries like China.
“So according to plan this car will be produced by home industry, not the manufacturer. From the beginning that’s the goal,” he said.
Esemka also had to make a beautiful Chinese automakers are interested and approached SMK Esemka makers to be invited to work together.
Pros Cons So Put
The presence of artificial Esemka vocational students received positive feedback from the community. But that does not mean no reproach. But in response to the ‘opposition’ is, one of the originators Esemka take it as input.
“In all of the pros and cons of the ordinary. Ordinary ditanggapinya So, let’s assume all of the input for us,” said Haji Kiat.
The man who was familiarly called Haji Kiat was indeed one of the originators Esemka. He who provides for the use of his workshop students perform the Job Training or street vendors who in turn directed to make their own cars.
“Regardless of all the pros and cons of it, I hope a lot of people who want to contribute their knowledge to the students of Indonesia, our country surely prosper. I am sure that all the help, do not need heroics, aids according to ability alone, happened to my ability in the automotive, “he said.
Response when asked about the expectations of society and the many politicians who use Esemka as politics, Haji Kiat responded casually.
“My intention is only to help, regardless turns out the car was so or not, it depends on the students. I just helped,” he concluded.
India became one of the Asian tigers after China, of course it is very reasonable considering the potential of the industry in India is estimated to be on the increase in every year.
One industry that was writhing in India is automotive. They have a Tata Motors car brand. Tata Motors has even become a world player by buying luxury car brands such as Jaguar and Land Rover.
detikOto and 10 colleagues from the Indonesian media doing a special interview with Karl Sylm who now served as Managing Director of Tata Motors Limited, and other officials at Tata Motors. Here are excerpts of the interview:
1. Experience what it will be brought to market Tata Motors Indonesia? Because Tata Motors will compete directly with the Japanese and European manufacturers, and how you distribute and make sure Tata will be accepted in Indonesia?
Karl Sylm (KS): Thank you for your question. But to answer the difference our commercial vehicles and our position in Indonesia will be answered by Pisharody (Ravindra Pisharody-Executive Director-Commercial Vehicles Tata Motors Limited).
Our experience in domestic and international markets it has entered the age of 60 years, but in fact for the Indian market we have exceeded that time, but for the international market has been 60 years since 1961.
We make sure the products we sell are the best products, more focused on customers who have adapted to the Indonesian market. I think you give us a comparison with Chinese products in Indonesia, but we have a business model and all the products are readily accepted in all markets (global).
I think we are very experienced for 60 years in various countries and groups, we are also very experienced in doing business in international markets. So I think we are very experience, we have been successful and find out who we (Tata Motors) and different from other Indonesian market. In particular I would ask Ravi and Ranjit to add.
Ravi Pisharody (RP): Like what Mr Slym said, we have exported for commercial vehicles since 1961 and has had more than 50 years to sell vehicles outside India.
We have a unique porpolio and I think not only our unique from India or Asia but overall we did have a uniqueness. You have seen all our products, which initially we only sell 20 thousand rupees and now we’ve been able to sell up to 50 or 60 lakh rupees.
So is the case of passenger vehicles, initially we only introduce the Nano and now have a larger vehicle (MPV and SUV). So I think if you look at our portfolio then it could be said of our products can be used in many countries, especially developing countries. And we have a very good portfolio.
We already have 50 market share in many countries such as Sri Lanka, Bangladesh and Nepal. And even in some markets in Africa, South Europe we really have a market share of up to two-digit market share.
So we are not going to enter a market (if not actually) so it is not possible for us to enter the market and then leave the market because we do not succeed or lose interest.
Indonesian markets have in common with the Indian market, so I think that our product will be successful and become a born popular in Indonesia. And to provide an example for you otu like Super Ace and Ace Family is not popular in India, but since 2005 ago until today we have more than 50 percent of our revenues from the commercial.
So we know a lot of the market, especially for the Asian market there is very strong demand for this product (Tata Motors). In addition we have a product that is affordable and I think we will maintain it for the long haul.
We do not just do one step, kmai also invested the company (Tata mill) and we also invested another dimerek, and proof of our success.
And talk to the distribution, we have a vast area and the distribution of scattered large number of countries. So I think we have a lot of space in the countries where we are already operating there and provide an excellent opportunity to utilize and present in Indonesia.
The next answer is also given President Passenger Vehicles Business Unit, Ranjit Yadav.
I think Karl and Ravi had said it all. I just wanted to say India is one of the most competitive markets. Where we (in India) have a variety of brands, such as from Europe, Japan, Korea etc..
And we played here and get success here (India). So we really know how to handle a competition. In addition, we also export as mentioned by Karl well in Europe, South Africa and so on.
And we believe we’ve had a set of portfolios in which they can achieve success. Karl also mention that we have a very young population and similar to Indonesia.
So we focus on the design, driving experience. This and that we’re working for our current product focus.
I know Indonesia is the most connected country in the world. But I think we have learned from India and will study together for the Indonesian market.
So what will we do now, our vehicle will be a solution and will achieve success in Indonesia. Because we have a great product suitability, we have the intention to be in the market for the long term with our portfolio of Nano to SUV.
I think it would be very good (introduced in Indonesia). And we are committed to change and ensure our vehicles suitable for the Indonesian market. So this is a huge commitment from our side but to sell the vehicle and provide the best service. Thank you.
KS: So we have an important point, if we introduce our products and introduce them into the market just not necessarily sure we will achieve success.
So it is important for us to develop our car on the Indonesian market. For example, by using four Design Center. We have one in the UK, one in Italy, one in Korea and we have one in India.
And we will use the centers of the four design centers to ensure we can enter into the global market. And I think it’s very important that we reach the global marketplace.
Besides such training centers (in Indonesia) we will have it. Even prior to our September launch we already have it planned at the end of July, beginning of August and we’ve been able to use it.
This preparation also we do to create the right support for customer service. We have to start up this plan for 8-9 months as a whole.
So that we can provide excellent support on all fronts and not make us not like many other companies. We did it bertahapakan penetrated kesmua island (in Indonesian).
And we will start in Java and Bali, so whatever we do we are very confident, and we will gradually expand our business. So anything that we sell can provide support to customers.
This is something that we believe in and we are ready for it. Thank you.
2. What products to Tata Motors introduced in September 2013, and segment models like what like what?
KS: Okay, for the first model we have not been able to announce today the launch, but how was it for a while longer. And we are very pleased to be reset you all again to Mumbai India.
We will be launching our products as our second step, but we also can not say its products. We had planned it long enough, so we do not come and do something wrong.
The first step is the most important thing, you will remember your first activity, that is why we have taken so long in planning every aspect.
We will introduce the vehicle in 3 segments of both passenger and commercial vehicles and will be announced later. We are very confident will be accepted in the market, because we have spent a long time to prepare for our products.
Believe will get a good response to our products, and our vehicles will be a big market outside India in a short time (in Indonesia). Because we have had up to 60 years of experience diapsar Internasioa. and we have the knowledge in (India) and abroad.
Head International Business Comercial Tata Motors Limeted, Wasan RS: Regarding ASEAN, we have been present in Thailand for 6-7 years. We also have taken the marketplace, both diesel and CNG market unntuk pick-up.
ASEAN is one of the fastest growing automotive markets in the world and Indonesia is one of the biggest markets than in Thailand. We plan to invest in Malaysia, Thailand, and other countries. And Indonesia will be the pivot on which we will build a strategy for ASEAN.
We will also expand to Vietnam, Malaysia and the Philippines. Thailand is a very important pillar for us. We launched the brand in September with our manufacturing facility in Thailand. We expect to do well. Research has been ongoing in parallel to start something similar in Indonesia.
Ravi Pisharody Executive Director-Commercial Vehicles Tata Motors Limited: Indonesia will be a huge market for many of these products.
Will have a dual phase approach. Some vehicles will be launched in September and some stage I will be in the second stage. This will help us achieve and become the largest single business outside India.
A subsidiary of PT Pertamina (Persero), Pertamina Hulu Energi West Madura Offshore (PHE WMO) managed to increase oil production of 3,000 barrels per day (bah) and 10 mmscfd of gas.
General Manager of PHE WMO H Kardono Bambang said, adding that diproduksikannya wells from the platform PHE 54.
“So PHE WMO production today reached 24,200 barrels per day (bpd) production increased 77 percent compared to the current production was first administered PHE WMO WMO Block on May 7, 2011 and which only amounted to 13.725 bph,” Bambang said in Jakarta, Thursday (1 / 8/2013).
Bambang added that the pavilion PHE 54 bridge is one of three new rigs and one platform improvements constructed and installed after the block is managed by PHE WMO WMO.
“With the completion of projects in the pipeline under the sea 16 inch long 21 kilometers connecting 54 PHE, PHE PHE 39 and 38B to Poleng Processing Platform (PPP), the four wells in Pavilion PHE 54 can begin to be produced,” said Bambang.
Bambang said, in the second half of 2013, PHE WMO will drill nine development wells.
“With the addition of the wells are then expected to meet production targets are already in stake in the work plan budget (Work, Plant & Budget / WP & B) WMO 2013. Semester of 14 thousand barrels per day, until the end of the year hopefully up to 20 443 bpd. We still completed nine wells hopefully rise again, “he said.
PT Kalbe Farma, drug manufacturers and national health supplements, plans to build a dairy factory in the Cikampek, West Java. According to the Director of Finance and Corporate Secretary of Kalbe Farma, Vidjongtius, the plant cost around Rp 300 billion. “The project started in 2014,” he said at a media gathering.
Vidjongtius said the plant will be owned by the installation of a fourth milk production Kalbe Farma. With the construction of this plant, Kalbe increase milk production capacity of 12 thousand tons to 24 thousand tons per year.
Funds to build the plant will be met from capital expenditure Kalbe Farma in 2013, which reached Rp 1.5 trillion. According Vidjongtius, until the first half, the company has spent at least 40 percent of the annual capital expenditure. “The new plant is expected to support business growth in the future,” he said.
In 2012, Kalbe has completed the construction of dairy factory in Sukabumi, West Java. This plant is the result of cooperation with PT Milko Beverage Industry. Kalbe, which poured an investment of Rp 154 billion, became the majority owner with 51 percent parts.
Throughout 2013, Kalbe targeting revenue growth and net income by 18 percent. That figure is above the growth of the pharmaceutical industry which reached 15 percent. In 2012, Kalbe Farma pocketed a net profit of Rp 1.73 trillion and Rp 13.6 trillion in net sales. Thus, the company targets a net profit of Rp 2.04 trillion and Rp 16 trillion in net sales in 2013.