Efma and Accenture Launch Distribution and Marketing Innovation Awards for Retail Banks Globally

by woodmanadmin

Efma, an association whose membership includes nearly one-third of the world’s large retail banks, and Accenture have jointly launched a global program to identify and award banks for leading-edge customer innovations.

The newly-launched “Efma-Accenture Distribution & Marketing Innovation Programme” – an annual award – seeks technology and operational innovations in customer-facing areas of retail banks – such as branch, online, and mobile banking – and in technology-areas such as customer-analytics and Big Data.

The program solicits case studies of groundbreaking customer innovations by retail banks globally within six categories: Digital and Mobi


PLN: Net Profit Up 15 833 Percent

by woodmanadmin

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.


Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

by woodmanadmin

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.


Ciputra Pours Rp 1 Trillion for Luxurious Rosewood Resorts and Villas

by woodmanadmin

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.


Home Finance of America – Now Offering Lowest Mortgage Payments

by woodmanadmin

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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First semester of 2013, Pertamina EP Records Profit of Rp 10 Trillion

by woodmanadmin

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.


Mobile sales Selling Well, Tiphone Gets Rp 129 Billion Profit

by woodmanadmin

PT Tiphone Mobile Indonesia Tbk (TELE) posted a net profit of Rp 129.3 billion in the first half of 2013, an increase of 63% compared to the same period last year to Rp 79.5 billion. The profit increase was triggered by increased revenues of the Company which reached Rp 4.49 trillion, an increase of 36% over the same period last year of Rp 3.3 trillion.

Of the total revenues, approximately 84% was contributed sales of mobile voucher of Rp 3.79 trillion, up 27% compared to the same period last year to Rp 2.98 trillion.

While handset sales reached Rp 654.6 billion, which accounted for approximately 14% of total revenue. Contribution of this handset revenue jumped 125% over the same period last year which was only Rp 291.3 billion.

Tiphone Director Tan Pin Lie said the increase in revenues from handset sales this significant is the impact of the company’s focus on developing a smartphone outlet network in collaboration with global vendors, such as Samsung Mobile and LG Mobile.

“In the first quarter and second quarter of this year, the Company aggressively developing a distribution network for smartphone products in collaboration with several global vendors, such as Samsung and LG. Past June, we have also been designated as a national authorized dealer of LG Mobile.’s Contributed to
growth in revenue from the handset sector, “Tan said in a press release on Thursday (08/01/2013).

In the past year, sales of handsets only contributes about 10% of the revenues of the Company. This year, the Company plans to increase the revenue contribution of 30% of the handset.

In early July, the company completed the acquisition of an importer and distributor of iPhone, PT Mitra Telecommunications Cellular, thus Tiphone position as an importer and distributor that will distribute the product to Apple Premium Reseller and other retailers across Indonesia.

With this acquisition, the company hopes to increase sales of handsets, especially the iPhone and iPad for 5-10% of total revenue, or about 20-30% of total handset sales.

IPhone sales are also working in bundling with operator PT Telekomunikasi Cellular (Telkomsel). Previously, the company also has teamed up with Samsung Mobile, by establishing outlets Samsung Experiential Shop.


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

by woodmanadmin

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.


PTPP get New Contract Rp 9.5 Trillion

by woodmanadmin

PT PP Tbk (PTPP) to new contracts worth Rp 9.5 trillion as of June 2013. The new contract is 2.5 times higher than the same period of the contract in the previous year.

“This acquisition nearly 50% against the target of a new contract this year from Rp 19.7 trillion,” said Corporate Secretary of PT PP Betty Ariana in a statement on Tuesday (07/16/2013).

With the acquisition of this new contract the company’s order book as of June 2013 reached Rp 25.3 trillion. This year the company is targeting sales of USD 10.2 billion with a net profit of Rp 370 billion.

Turnover and profit will be contributed from the five areas of the company’s business digeluri, construction, property, EPC, investment, and production of precast concrete.

Major projects that the company achieved, among others, the Port-Cilegon Krakatau Bandar Samudra, Nifaro Apartments, St Moritz, The Kencana, Cikampek Toll-palimanan, Tunjungan Surabaya Plaza V, Terminal 3 Seekarno Hatta Cengkareng Airport, railway in South Sumatra by PT KAI, infrastructure Sarulla 300 MW power plant in North Sumatra, Banten Intermark apartments and EPC projects Tanjung kitbag 120 MW Combined Cycle Power Plant, 160 MW power plant Bangkanai, and CNG Muara Tawar.

In addition, the company also received a new contract abroad, namely in Tibar Gleno Road, East Timor, amounting to Rp 264 billion.

Major program in the property sector which will begin in late 2013 the development landbank owned by the company, in the form of mixed use on an area of ​​4 hectares in Surabaya and a land area of ​​20 hectares in Jakarta. The target market is upper middle class.


Semester 1, Gas receipts Reaches 18.7 Billion U.S. Dollars

by woodmanadmin

JAKARTA – State revenue from the management of the oil and gas industry-upstream (oil) in the first half of this year reached 18.7 billion U.S. dollars, or higher than the target of 18.4 billion U.S. dollars.

Meanwhile, oil production per day has reached 99 percent, or an average of 831 118 barrels per day from the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Unit chief Special Executive Upstream Oil and Gas (Migas SKK) Rudi Rubiandini claims, the achievement is unprecedented in a period of 3 years.

“The achievement of national oil production up to 99 percent of the budget target has never happened within the last three years. During the period of last three years of national oil production performance was always below 99%,” he said, Wednesday (07/31/2013).

He said the success achieved oil production and revenues is the result of hard work in SKK Oil workers, all workers Cooperation Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources and all stakeholders in the upstream oil and gas industry.

Therefore, Rudi appreciation to all stakeholders in order to increase production of oil and natural gas nationwide so that the target could be exceeded state revenues.

Although there are many unsuccessful PSC oil production exceeded the target set in the state budget in 2013, but some of them have worked very well exceed those targets.

Exceed Production

There are seven PSC, which surpassed the target of state budget in 2013, namely 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..

The details are as follows: 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.

For the PSC still can not meet the target set in the state budget-2013 as well as the target in the Work Programme and Budget (WP & B), Rudi hope they can improve their performance.

“Performance targets are not reached so soon improved to the national oil production target can 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, “he said.