Category Archives: Market and Commercial

Market turnover Toyman Gembrong rose 30 percent during Lebaran

People who thronged Gembrong Toy Market, Jatinegara, East Jakarta bring sustenance to the merchant. Some vendors claim their turnover rise during Lebaran.

Herry (48), Kawan Lama toy shop owner, said turnover during Eid can be increased by 30 percent when compared to normal days.

“When Eid is a lot of people are looking for a toy for his son. Because right now Lebaran many children who received red packets of money,” he said.

Herry said the most sought after toys this time is a car racing car tamiya and “remote control”. Price range 10,000 Tamiya racing car to Rp 40,000, while the car “remote control range from 50 thousand up to Rp400.000.

Moreover, tamiya accessories like a “track” for the race also much sought after. While most toys sold in the market Gembrong is imported from China, Herry said “track” tamiya he was selling a local product.

“Scooters and scooters otopet genjot too much demand. Otopet Scooter prices range from 150,000 to 250,000, while the scooter genjot ranged up to Rp700.000 Rp600.000,” he said.

When Herrera expects an increase in turnover on Eid this time, Toto (40), owner of the store actually pessimistic doll Dolls Vareency can reap many benefits.

“Lebaran this year is not like last year. Though I have prepared a lot of stock because they thought this year would be the same as last year,” he said.

Toto estimates that turnover will he be on Eid this year will only be the same as Sunday on weekdays only.

Toto said Hello Kitty dolls and stuffed Minion is currently the most popular and most sought after.

Permata Bank Net Income Up 15 Percent

JAKARTA-PT Bank Permata Tbk throughout the first half 2013 net profit of Rp 818 billion, up 15 percent compared with the same period in 2012.

Director of Bank Permata, David Fletcher said the company’s total operating income by the end of June 2013 amounted to Rp 3.2 trillion, up 12.28 percent compared with the same period last year to Rp 2.86 trillion.

The increase in operating income was driven by growth in net interest income and fee-based revenue (fee-based).

In this case, the net interest income grew 12 per cent year on year to Rp 2.56 trillion, while the fee-based income rose 11 percent from the same period in 2012, to Rp 638 billion.

On the other hand, bank lending grew 27 percent year on year from Rp 84.4 trillion at the end of June 2012 to Rp 106.9 trillion at the end of June 2013.

“Credit growth in almost all business segments, including strong growth in SME business, mortgage and lending to corporate and middle segments of the local market.’s Total assets reached Rp. 144.3 trillion, up 31% yoy from Rp 110.6 trillion per 30 June 2012, “said Fletcher.

More diverse funding base and grow sustainably. Third-party funding, including from Islamic-unit increased 32 percent yoy to Rp 116.1 trillion. Composition of demand deposits and savings deposits recorded an increase of respectively 16 percent yoy and 6 percent yoy.

Meanwhile deposits recorded strong growth at 41 per cent yoy. Sharia financing recorded a significant increase in the amount of 95 per cent yoy.

“I am pleased to convey that the Bank’s operational performance improved strongly in the first half of 2013 this through our disciplined in carrying out the strategy,” said Fletcher.

Manufacturers Profits Rise 20 Percent Beer

PT Multi Bintang Indonesia posted a 20.07 percent rise in net profit or Rp 690.35 billion in the first semester of 2013. The increase in profit was seconded beer sales in the domestic market.
In a disclosure, Tuesday, July 30, 2013, local sales Multi Bintang Rp 2.08 trillion or 99 percent of the value of the company’s total sales. Beer sales revenue accounted for 88.8 percent or Rp 1.54 trillion. The rest is supported by the sale of non-beer beverages.
According to the President Director of PT Multi Bintang Indonesia, Chin Kean Huat, there are two major customers that a sales increase of more than 10 percent. Both are Indonesia’s PT Gitaswara sales accounted for 14 percent and PT Bintang Bali Indah by 11.8 percent.
For gross profit, Multi Star posted an increase of 26.8 percent or Rp 1.34 trillion. Multi Bintang business profit reached Rp 926 billion, up 22 percent from the same period in 2012.
Multi Bintang Indonesia is a subsidiary of Asia Pacific Breweries Limited (APB), one of the major players in the international beer industry. Through the mill in Sampang Agung, Mojokerto, East Java, and Tangerang, Banten, Multi Bintang producing famous drinks, such as Bir Bintang, Heineken, Guinness, Bintang Zero, and Green Sands.

Astra International Records Profit Rp 8, 8 Trillion

PT Astra International Tbk (ASII) posted a net profit of Rp 8, 8 trillion in the first semester of 2013, down nine percent compared to the same period in 2012 Rp9, 7 trillion.
“The performance of the company and its subsidiaries in the first semester of 2013 mennjukan a slight decrease from the first half of 2012,” said President Director ASII, Prijono Sugiarto in a press release here on Tuesday.
He added that Astra’s net income during the first six months of 2013 also decreased by two per cent to Rp94, 3 trillion, compared to the same period in 2012 amounted to Rp95, 9 trillion,

“Although the outlook remains positive domestic demand, increased competition in the automobile market, rising labor costs and declining commodity prices expected to affect the performance of the business in the second half of this year,” he said.
He argues Astra Group activities remain focused on six core business lines, namely the automotive division, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, and information technology.
Mentioned, several divisions which decreased net income in the first semester of 2013 the automotive division fell by 10 percent to Rp 4, 4 trillion. Net income and mining equipment division fell 24 percent to R1, 4 billion.
Then, the net profit agribusiness division decreased by 25 percent to Rp571 billion. And the net profit and logistics infrastructure division fell by 29 percent to Rp223 billion.
Meanwhile, the division has increased, the financial services division’s net profit rose 19 per cent to Rp2, 1 billion. And, net income and information technology division of Rp55 billion, up two percent compared to the first half of 2012.

Oil production PHE WMO 22.2 Thousand Barrels per Day

Production of Pertamina Hulu Energi (PHE) West Madura Offshore increase. If the beginning of June 2013 and in the range of 20,300 barrels of oil per day (bopd), in early July it pierces 22,200 bopd. Increase in production was achieved from 3 new production wells.
WMO block production was 70% higher than when handed over to the government of Kodeco Pertamina Energy, May 7, 2011. When it blocks the production of 13,000 bpd WMO stay. 22.2000 bopd to production performance is also higher than the target set by the oil and gas SKK 20 443 boph.
Good news from WMO block was made Senior Executive VP & General Manager of PHE WMO Bambang Kardono after accepting the award from the Governor of East Java Environment on page Soekarwo PT Semen Indonesia, last weekend in Gresik. “PHE WMO has reached a level of 22,200 bopd of oil production,” he said.
He added that the recent increase in production obtained from the drilling of new production wells 38B-5 PHE, PHE PHE 40A-5 and 40A-3. Therefore, it is confident that by the end of 2013 could surpass the average production target of 20,443 bopd given by the government.
Bambang explained, of 3 new production wells that produced approximately 4,000 bopd. But because it is also absorbed to cover declaining rate reached 50% per year, the production of WMO block can only go up from 20,300 bopd in early June to 22,200 bopd.
“This year we expect to drill 21 production wells and nine exploration wells. Needs a lot of wells drilled since we also had to cope with a relatively high rate declaining, as well as trying to find new oil and gas reserves,” he said.
Bambang added that, in addition to continue to drill new production wells, is now concentrating PHE WMO project complete new installation of the subsea pipeline connecting several new production platform with Poleng Processing Platform (PPP).
“Hopefully early August subsea pipeline installation projects it already can diselesaikan.Keberadaan new pipe that can further increase the production rate of oil-rig a new production platform,” said Bambang Kardono.
Since April 1, PHE WMO continues to increase production from 9,000 bopd to 12,000 bopd. After the break in May 17,000 bopd and 20,300 bopd in June. Peak at the beginning of production back in July increased to 22,200 bopd.

“The climax at the beginning of July back production increased to 22,200 bopd, where it is expected to end in 2013 still continues to rise more than that, do’akan, yes,” said Bambang Kardono.

Gold mining production Mauritania Normal Walking

A gold mining strike in Mauritania, the third largest company-owned Kinross, Canada, did not have an impact on production, the company said on Friday.

A union spokesman said Thursday that the strike was triggered wages and working conditions over 1,500 local staff and making production in the mining Tasiat within 400 kilometers northeast of the capital of Mauritania, Nouakchott stalled.

But a spokesman for Tasiast Mauritanie Limited SA, a unit of Kinross said the process is still running and???? Production is maintained at the planned level.

He said an agreement has been reached five of the six demands of the strikers.

Open pit mine producing 185 334 ounces of gold in 2012, it is owned by Kinross, according to the company website.

PLN: Net Profit Up 15 833 Percent

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.

Processed Chocolate Indonesia Reach 500 Thousand Tons

Chairman of Indonesian Cocoa Industry Association (AIKI), Piter Jasman, say, the national cocoa processing will reach 500 thousand tons by the end of 2013. 25 percent increase in production was driven by high demand. “It is also driven downstream program through the imposition of export duties cocoa beans,” he said as quoted by Bloomberg, on Tuesday, July 23, 2013.
Data AIKI mention, the national cocoa production in 2012-2013 reached 310 thousand and 400 thousand tons. Policy for the imposition of export duty by 16 percent cocoa processing industry and encourage the rise of foreign investment. Therefore, AIKI processed cocoa production estimate could rise to 800 thousand tons in 2014.
Besides Indonesia, the trend of increasing cocoa production occurs in the Asia-Pacific region. London-based consumer research agency, Euromonitor International Ltd., Estimates that sales of chocolate in the Asia-Pacific region in 2013 will grow more than twice the global market.
Euromonitor estimates that sales of chocolate in Asia reached 5.2 per cent to 859 300 tonnes in 2013. At the same time, production and global demand for chocolate grows 2.2 percent. Senior analyst Euromonitor, Redruello Francisco, said the chocolate manufacturers are now racing to build factories in Asia. “Asia is a region of strongest growth in chocolate. We also saw high demand there,” he said.
One of the opportunities is Cargill Inc. The processed food company plans to invest U.S. $ 100 million to build a chocolate factory in Gresik, East Java. Factory production capacity of 70 thousand tons is expected to operate in mid-2014.

Profit Up 273.2 percent Eterindo

Eterindo Wahanatama Tbk PT (ETWA) posted a first-half net profit rose 273.2 per cent to Rp33, 2 billion compared with the same period last year ie Rp 8, 9 billion.

The growth is in line with the company’s revenue increased 51.2 percent to Rp605, 4 billion. The increase is also supported by the large volume of sales. Sales volume stood at 39,000 metric tons, up by 34.5 percent from 29,000 metric tons in the last year with the average selling price of Rp9, 3 million metric tons in the first half of 2013.

President Director Immanuel Sutarto, stated operational performance during the first half of this biodiesel has increased significantly compared to the same period the previous year.

“We hope that the Government will soon implement a policy mix of 10 percent biodiesel (B10) in 2013 as a way of improving national energy security,” he said in a written statement published on Thursday (08/01/2013).

Gross profit increased 58.8 percent from Rp54, 6 billion to Rp86, 7 billion. Gross margin to 14.3 percent from 13.6 percent the same period last year.

Operating profit jumped by 57.1 percent from Rp34, 2 billion to Rp53, 8 billion. Similarly, EBITDA increased 82.9 percent to Rp66, 3 billion compared with the same period last year ie Rp36, 2 billion.

Equity increased from 0.8 times to 1.2 times as a result of an increase in bank debt amounted to 64.8 percent from Rp350, 7 billion to Rp577, 9 billion
to finance the growth of its business.

2016 Toyota Engine Plant will Operate

In order to enhance its production, Toyota Motor Corporation (TMC) of Japan through its subsidiary PT Toyota Motor Manufacturing Indonesia (TMMIN) announced it will begin production of engines for vehicles other than * IMV (Innovative International Multi-Purpose Vehicle) series in a new plant that will operate at half early 2016.
Location of a new plant adjacent to the factory in Karawang TMMIN existing. Previously, Toyota has announced the purchase of 150 hectares of land to be used for the construction of a new engine plant in November of 2012.
Plant with a production capacity of 216,000 units this year with an investment of 2.3 trillion rupiah, or about 23 billion yen. TMMIN also plans to increase the workforce by 400 people in line with the production activities at the plant. More than 50 percent of the production will be exported to the global market, Toyota released Friday (26/07).
Construction of this plant in order for the development of Indonesia’s automotive industry. In addition, Toyota also always developing products that exceed customer expectations in line with the spirit to contribute significantly in the development of Indonesia’s automotive industry.
For now TMMIN engine producing around 195,000 units per year for vehicle type 1 IMV in Sunter, North Jakarta factory to meet the needs of the domestic market and also exports to several countries in the ASEAN region, Latin America and Africa. Combination existing engine plant and a new engine plant will make TMMIN as one of the production bases and supply are very important for Toyota globally.