Bank Profit Up 26%, Reaches Rp 4.3 Trillion

PT Bank Mandiri (Persero) Tbk managed to earn net profit of Rp 4.3 trillion in the first quarter of 2013. The net profit, up 26.4% from the same period in 2012.

Bank Mandiri president director Budi Gunadi Sadikin said, this positive performance, backed by the credit of Rp 392 trillion through the first quarter, growing 19.7% from the previous period amounted to 327.2 billion.

“Our achievement today is a welcome development. Bank lending, especially to the micro segment, which continues to show improvement, is a realization of our commitment to improve public access in various parts of Indonesia to finance productive,” said Budi time exposure Quarter Financial Statements 2013 in the Plaza Bank Mandiri Jakarta, Monday (04/29/2013).

Budi explained, loan growth occurred in all business segments, particularly in the sector of micro, small and medium enterprises. At the micro segment increased lending by 58.1% from Rp 13.1 trillion to Rp 20.7 trillion in the first quarter of 2013.

“This is in line with the credit growth, the number of micro credit customers also increased from 208.5 thousand to over 327 thousand customers. Meanwhile, credit to the segment of micro, small and medium enterprises (SMEs) grew 46.6% to Rp 55, 6 trillion, “he added.

Mandiri also noted, raising funds from a third party which reached Rp 467 trillion, up from the previous period are valued at Rp 404 trillion. Of these, low-cost funds such as checking and savings amounted to Rp 290 trillion, up 18.7% from the previous position of Rp 244 trillion. Mandiri also had total assets of Rp 641 trillion, up 17.1% over the same period last year. As for the ratio of non-performing loans (NPL) net Mandiri, remained low at the level of 0.57%.

National E-Retailer Home Security Store Expands to a New Building in Southern California

Home Security Store, Inc.

has seen strong and steady growth over the past several years. So much so, that the company has purchased an even bigger warehouse and office space building in Southern California.
“We need more room to grow. We were running out of room in our old warehouse,” said Home Security Store Vice-President Ralph Winn, who has more than 37 years of experience in the security industry.
Home Security Store is the premiere online e-commerce website specializing in affordable Do-It-Yourself wireless and hardwired home alarms, security camera systems, fire protection products, spy equipment, survival gear, home automation devices and more. In addition, the company’s website offers useful video tutorials, tips, security news and educational articles teaching homeowners how to optimize home security in order to help prevent property loss and damage.
Through its website, Home Security Store informs visitors how a DIY security installation can save money. Home Security Store sells name brand equipment directly to the public with same-day shipping option and technical support.
Winn says this is the second time in the past several years that the company has had to move in order to accommodate the business’ growth.
Home Security Store’s new home is a 33,000-square-foot building located on the Riverside and Corona city line. Acquiring such a central location will allow the company to also engage with local installers in Riverside, Corona, and the surrounding Orange County area.
“Great customer service and free top-notch tech support has been at the core of Home Security Store’s plan for success since it opened its doors and this will continue as the company grows,” adds Winn.
“Today, in the home security field, there are so many competitors to choose from, which is a major hurdle in trying to get the attention of potential customers. Nevertheless, Home Security Store has optimized its online business since the mid-1990s, and still does today, by bringing customers the best of service with seasoned technical professionals and a product line which features the latest technology to help make your property safe and life easy,” Winn said.
With that in mind, Winn adds that the company has long had the trust of DIY home and business owners nationwide and is expanding to a new market of local installers, as well.
“The new location has landed us in an ideal and centralized area in Southern California. The new building will allow us the means to truly serve the wholesale market. This means we will provide the contractor a comfortable place to not only purchase from, but a friendly environment to come and learn about the newest trends and get hands-on training,” said Home Security Store’s Wholesale Account Manager Andre Perkic.
About Home Security Store, Inc.
Home Security Store is the premiere online e-commerce website specializing in affordable DIY wireless and hardwired home alarms, security camera systems, fire protection devices, spy equipment, survival gear, home automation technology and more. The company brings together highly trained, professional technicians and a state-of-the-art product line to provide the most comprehensive security source found online.

Analysis of stock market investors fear

JAKARTA – Capital market analysts, Pardomuan Sihombing said that the decision of the judges of Corruption (Corruption) in a case of IM2, causing fears of capital market investors. Because the regulations are not clear can ensnare anyone who is doing business in Indonesia.

“It could happen (investors will fear) that the decision was negative, meaning that is associated with the regulation of the telecommunications industry,” said Pardomuan Sihombing, told reporters on Friday (19/7).

It is said, that investors will invest into doubt whether the investment fund to be back or not, when the company suddenly entangled case. Doubt it, he added, is very clearly threatens the entire industry.

“Investors need legal certainty, because that’s what makes the industry rules become clear, so as to ensure the development of the telecommunications industry,” he said.

Pardomuan added that the symptoms have not been perceived concerns, the article of the legal process is not over. However, if there is already a binding verdict and declared IM2 guilty, then the impact will be felt.

“We all expect the final result will be better,” said Pardomuan.

As information, on Monday (8/7) Corruption Court sentenced former Director of IM2, Indar Atmanto to 4 years imprisonment with a fine of Rp200 million with subsidiary imprisonment of 3 months. Judge fines also punish IM2 pay Rp1, 3 trillion. Judges-network cooperation Indosat IM2 there are elements of corruption.

This ruling a major impact, as almost all sectors of the telecommunications businesses registered as a public company is also running a similar business model. Including PT Indosat Tbk, PT Telkomsel, PT XL Axiata Tbk, PT Smartfren Telecom, PT Bakrie Telecom Tbk and other telecommunications operators.

In fact, the communication sector alone contributes to Rp11, 8 trillion in revenues and in 2012. This figure is the biggest revenue for Indonesia in addition to the energy and mineral resources.

Responding to the verdict, Indonesian Infocom Society (Mastel) and the Indonesian Telecommunications Regulatory Body (BRTI) have reported the presiding judge to the Judicial Commission.

Mastel judge there are allegations of violations of the code of conduct by the presiding judge in the case. “There are some points that filed a complaint to the Judicial Commission, namely that the judges in check and try not professional in understanding the case filed,” said Mastel Chairman, Setyanto P. Santosa.

Setyanto judging, the judges are not being fair in making its decision. According to him, the judges only listen to experts from the Public Prosecutor (PP). and ignore the official opinion of the Ministry of Communications and Information Technology as the regulator Telekomunikasi Indonesia.

Slightly turnover, Profit Drops 54% In fact XL

PT XL Axiata Tbk (EXCL) correction suffers 54% profit in the first half of 2013 to Rp 670 billion from Rp 1.46 trillion. The company’s revenue edged up 1%.

XL recorded net income of Rp 10.3 trillion in the first half of this year, from Rp 10.2 trillion in the previous position. The rise in revenue driven by increased data service revenues by 13%.

“Our performance this quarter marks our success to turn things around after a decline in the previous two quarters,” said President Director of XL Hasnul Suhaimi, in a press release on Thursday (01/08/2013).

Until the end of the first half of 2013, the XL has spent Rp 4 trillion for infrastructure investment in the data. A combination of internal funds and debt.

XL has signed a new loan agreement in U.S. dollars with Standard Chartered Bank in May 2013 for U.S. $ 50 million. Meanwhile, during the first half of this 2013 also, the amount of debt XL increased to Rp 17.1 trillion from Rp 12.7 trillion in the previous year.

“XL will remain focused on data services given the growing use of data rapidly increasing contribution to company revenues. During the first six months of this year, data revenue accounted for 22% of total revenue, compared to 19% last year, “he added.

Jump 25%, BCA Bag Rp 2.9 Trillion Profit

PT Bank Central Asia Tbk (BCA) bagged the first quarter 2013 net profit of Rp 2.9 trillion. That figure is up 25.5% from the previous year’s net profit of only Rp 2.3 trillion.

Rising corporate profits driven by operating income consists of net interest income and other operating income also rose 23% to Rp 7.7 trillion in the first quarter of 2013 compared to the same period of the previous year which only Rp 6.2 trillion.

BCA President Director John Setiaatmadja said, the increasing contribution of the loan portfolio to total earning assets and the low level of interest expense (cost of funds) has prompted an increase in net interest margin (NIM) by 66 basis points year on year to 5.9%.

“BCA recorded a satisfactory business performance supported by solid growth in lending activity,” he said in the first quarter performance report, 2013, at the Hotel Kempinski, Jakarta, Monday (04/29/2013).

Jahja mention, total loans amounted to Rp 265 trillion at the end of March 2013, up 26.7% over the same period the previous year which only Rp 209.2 trillion.

SMEs loans grew 30.2% yoy to Rp 105.7 trillion in March 2013. Consumer credit which is supported by the performance of loans (mortgages) and the Motor Vehicle Credit (KKB) rose 34.4% yoy to Rp 71.7 trillion in March 2013.

Mortgages rose 43.1% yoy or Rp 13.2 trillion or Rp 13.2 trillion to Rp 43.7 trillion. KKB grew 21.4% yoy to Rp 21.7 trillion in March 2013, compared to the previous year’s position that only Rp 17.9 billion.

Meanwhile, corporate loans grew 17.2% yoy to Rp 87.6 trillion at the end of March 2013 supported by high demand in the transportation and logistics segment, power generation as well as distributors, retailers and department stores.

Petrochemical plant construction is expected to hit imports

Director General of the Ministry of Industry, Manufacturing Industry, Panggah Susanto said, with the new petrochemical plant planned to be built in West Papua is expected to reduce the number of Indonesian imports of raw materials.

“These projects will be able to reduce the importation of raw materials which, according to the data in 2012 reached 16 billion U.S. dollars for chemical raw materials,” said Panggah after witnessing the signing of the MoU between Ferrostaal Industrial Projects by PT Chandra Asri Petrochemical Tbk, in Jakarta on Thursday.

He said that with the cooperation will be produced basic products, such as propylene and polypropylene, which will not reduce the importation of raw materials.

“Hopefully, in 2019 to be operational, which we seek is how as soon as possible to get gas allocation,” he said.

Panggah explain step construction of the plant is part of the Ministry of Industry to develop two important sectors in Indonesia related to the chemical industry base and base metals.

“Two of the basic industries we encourage its development, it is important because it aligned with the growth of domestic industry, which will increase the need for raw materials and capital goods,” he said.

He said later that the results of the plant is expected to require an investment of $ 1.8 billion will be earmarked for the domestic market.

“Domestic demand is big enough, then it will be destined for the domestic market,” he said.

Indonesian Cement Net Profit Up 22.9 percent

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.

Three options for the sugar mills Kigumas

Sugar Sugar Factory Industrial Society in the village of rewards, Gondanglegi District, Malang, East Java, has not operated in accordance with expectations, but construction costs are not small. Malang Regent Rendra Krishna prepared three options that will be taken to the rescue.

“There are three options to be offered to the continuation of the sugar mill, but until now still not sure which option will be selected district government,” said Renda Krishna in Malang, Friday.

Three options for the fate of Sugar Industrial Estate Society (Kigumas) which was built in 2003 it is whether it will be sold, or donated to community cooperation. Which option will be taken subject to approval by the board of the district government.

Further Rendra said a number of attempts have been made by the regency of Malang, including conducting due diligence and legal opinions in 2012. Currently also being conducted appraisal (valuation) to calculate how much the value of the actual building Kigumas.

He was admitted to the present PT Kigumas previously built with the hope to contribute to local revenue (PAD) and improve the welfare of sugarcane farmers, it is still not operating as expected.

In fact, the Renda, the condition lasts long enough. Moreover, after the emergence of case law in the area of ​​industrial projects plantation society (kimbun) which spread to PT Kigumas, for being one of the evidence in the case.

“We hope this problem has a solution soon so Kigumas can operate according to expectations and objectives in its development,” said Renda.

Chairman of Malang Regency Saso previous day also questioned the handling and assets that do not generate revenue Kigumas at all, even the condition of buildings and equipment gilingnya also “stalled”.

Kigumas Sugar Factory which was inaugurated by President Megawati Sukarnoputri to-5 was built starting in 2001 with a budget of Rp30 billion from the budget revenue and expenditure (budget) Malang.

Kigumas initially built to accommodate the farmers who harvest sugar cane annually excess production, so it must be sent to a number of areas.

Kigumas development on an area of ​​11 thousand square meters that can be targeted return on investment (BEP) after one year of operation. Initial design is able to produce sugar Kigumas super category one with a production capacity of 250 TCD.

The existence of the Industrial Bank Could Push Manufacturing Sector

MAKASSAR – Proposed Ministry of Industry (Ministry of Industry) regarding the presence of special industrial rated bank could trigger industrial growth better.
Economic observers Hasanuddin University, Syarkawi Rauf explained by the existence of special or specific bank serving the industry could trigger industrial growth in the business sector. The same thing happens in China.
“They have a lot of banks aimed at channeling funding priority activities, such as agriculture with agricultural bank, industrial bank industry, and others,” he said in Makassar on Thursday (25/07/2013).
For this project, the government should include the estimated capital above Rp 5 trillion, so the banks can get three books with high flexibility to manage business products.
DPD Chamber of Commerce and Industry (Kadin) Sulsel also strongly supports the presence of industry-specific bank. Chairman of the Chamber of Commerce of South Sulawesi, Zulkarnain Arif, said the bank’s presence is needed to help businesses meet industry needs.
According to Zulkarnain, the bank line government regulations regarding the application of the rules on the management of raw materials before export overseas.
However, the Chairman of the Banks of South Sulawesi, Andrew Wongjaya, banks should assess the industry empowering government bank that already exist today.
“It should be the government’s existing bank actually asked to allocate credit in the field of industry on the percentage of the loan portfolio,” he explained.

Ciputra Pours Rp 1 Trillion for Luxurious Rosewood Resorts and Villas

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.