Earn Income AXA Mandiri Rp 1 Trillion in 2012, Up 20%

PT AXA Mandiri Financial Services (AXA Mandiri) net profit in 2012 reached Rp 1 trillion, an increase of 20% compared to net income in 2011.

In addition, the company recorded total premiums amounted to Rp 5.67 trillion during 2012, an increase of 17% compared to premium income in the same period in 2011.

In 2012, AXA Mandiri has recorded an increase in funds under management by 30% from the previous year to Rp 13.8 trillion. The increase in total assets triggered AXA Mandiri increase by 24% with the acquisition of 2012 reached Rp 14.3 trillion

AXA Mandiri President Director Jon Sandham in the exposure of the company’s performance in Jakarta today explains, AXA Mandiri profit growth is influenced by the level of customer persistency which further premium payments increased 59% over the previous year.

In addition to the investment performance recorded significant growth with the growth of investment was 64% compared to the previous year.

“AXA Mandiri’s performance during 2012 has shown significant positive growth and of course this is thanks to the solid cooperation between the two shareholders, namely Bank Mandiri as the largest bank in Indonesia with a wide network and a global AXA experienced in managing life insurance,” says Jon in a written statement on Tuesday (4/30/2013)

Growth in net income and assets further strengthens the company’s financial health conditions AXA Mandiri, visible from the capital adequacy ratio has considered aspects of risk (risk based capital / RBC) which reached 368% for the conventional portfolio and achieve 81% to fund tabarru ‘of sharia portfolio.

These figures far exceed the minimum requirements required by the regulator that is 120% for the conventional portfolio and 15% for the portfolio of Shariah. Even compliance adequacy ratio of 30% for new Shariah portfolio required at the end of 2014.

“The figure shows that AXA Mandiri is able to provide protection and client obligations on the requirements set by the regulators,” said Chief Financial Officer of AXA Mandiri Iwan Pasila.

Business growth throughout 2012, the company claims to be the market leader in Indonesia bancassurance. AAJI report on the third quarter of 2012 showed AXA Mandiri is located at the top of the bancassurance market share of 34.1% by Weight New Business Premium.

AXA Mandiri will continue to enhance the company’s growth and its commitment to utilize its financial strength in order to improve service to customers and support sales reps.

“This includes providing services proactively reach customers as services that directly serve the customer makes a claim on health care for example through our Care Corner in RSPP,” said Jon.

Batik entrepreneurs Complaining Export Difficulties

Batik entrepreneurs of small and medium scale industries in Surakarta complain of difficulty for export. Difficulties due to the high export standards applied by the government, such as production standards, labels, and hospitable environment. To meet the standards, the costs are also not small.
»What we regret, government implement high standards and difficult to batik to be exported. Though Indonesian batik, “said the owner of batik Lor Market Ing, Widhiarso, as marketing strategy discussions batik in the international market at the Islamic University of Batik (UNIBA) Surakarta, Tuesday, July 30, 2013.
On the other hand, the government seemed to ease the entry of goods imported into Indonesia. As a result, Indonesia is controlled by imported products, including batik textiles. “Unfortunately, our society is happy with smelling product imports.”
He asked the government to facilitate the export process for batik. As a cultural heritage of Indonesia, batik role introduced and became an icon of Indonesia in the international world. He admitted during the batik entrepreneurs, especially in the village of batik Laweyan, have attempted to adjust to the foreign buyer. For example about the style, quality, and environmentally friendly production processes. According to him, the government rules actually hinder exports.
Other batik entrepreneurs, Achmad Soelaiman, said other challenges batik exports come from the country of destination. As in Malaysia which forbids existing Indonesian batik products into the country. »The goal is to protect their batik industry based in Terengganu and Kelantan,” said Puspa Kencana batik owners.
For that, he tried to outsmart by offering a white cloth as raw material of batik in Malaysia. Malaysian batik entrepreneurs usually bring a white cloth from Thailand and China.
Having established the business long enough, eventually he gained the confidence to produce Malaysian batik in Indonesia. »Then exported to Malaysia,” he said. He added, Laweyan batik entrepreneurs actually start exporting batik since the 1970s, although the numbers are limited.
Lecturer UNIBA Surakarta, Siti Endang Rahayu, said sales of batik Laweyan quite encouraging. To prevail in the international market, he advises entrepreneurs batik attention to culture in the country of destination, the efficiency of the production process to improve competitiveness, and look at the rules. For example, should not be using a mixture of certain ingredients in the production process.

Tanjung Field Oil Production Targets Up Significantly

Application of Enhanced Oil Recovery (EOR) in Tanjung field by Pertamina EP is expected to increase production up to four times.
“After the pilot EOR project in Tanjung Field has been completed which is around 12 months, later launched a new project as a whole, is expected in the next few years oil production can be increased three to four times,” said Deputy Minister of Energy and Mineral Resources, Susilo Siswoutomo hope, Monday (07/29/2013).
To support the EOR program, Pertamina EP will make 48 to 50 injection wells and production wells 134. “We expect production to reach 18,000 barrels per day in 2016,” said Vice Minister.
Susilo added that this applied EOR process will not interfere with the environment because that is injected is not a hazardous material. “The adverse effects on the environment, does not exist because it is injected salt, soda and surfactants made IPB. The whole must meet environmental criteria, so no one will be channeled into the trenches, “said Susilo.
Regarding the success rate of the EOR project, Susilo said, depending on the indication shown from the results of wells that have been injected, the current has been injected for eight months. The result, based on three monitoring wells of 300 meters which dinjekskan showed an increase in production.
EOR technology is one of the advanced oil depletion method for optimizing the production of an oil and gas field. EOR is a key national oil production, but the high cost is an obstacle in the application of EOR application.
Tanjung Field EOR project contract was signed in 1989 followed by a pilot project in 1990 and began full operation in 1995.
At the time of the injected fresh water into the well of 100,000 barrels of water per day, and produce oil in the range of 10,000 barrels of oil per day. Currently EOR with chemical injection was implemented Pertamina EP’s especially Tanjung Field by injecting in one of the wells as a pilot project.

Pawnshops profit vanish 20%

Pawn PT (Persero) recorded a decline in first-half profit in 2013 amounted to Rp718 billion. The decline equivalent to 22 per cent, compared with the previous acquisition of Rp929 billion.

Director of Mortgage Finance Agus Dwi Pramoedya said the decline in profit due to the decline in gold prices Pawn. “Earnings in the first half we declined, due to the decline in gold prices greatly affect the performance, so terkspos pawnshops with gold prices, gold prices fell borrowing had come down,” said Dwi on Pawn Headquarters, Jakarta, Thursday (01/08/2013).

Dwi explained, for income, Pawn still recorded an increase. Where the report in June of this year recorded revenue Rp 4, 1 trillion, or an increase of 6.5 percent over the same period last year, which is Rp3, 8 trillion.

While the number of assets, Dwi said today there was an increase in total assets Pawnshops, where the current total assets Pawn Rp33 trillion, up 13 percent compared to last year’s total assets amounted to Rp29 trillion.

“Customers we still rose to 14.4 million compared to June last year, there was an increase of 5 per cent, last year’s 13.7 million customers,” he added.

Further Dwi, turnover Pawn until June submit their increased 6 percent to Rp46 trillion last year reached Rp43 trillion.

Meanwhile, the increase in Islamic mortgage that has increased 8.6 percent, where as of June this Pawnshops scored 6 trillion last year compared with the same period amounted to Rp 5, 5 trillion.

“Operating revenues actually still rising, with the increasing number of our customers, it looks the business we’re still growing,” he said.

Sales turnover increased apes in Lahat Jalinsum

White ape sales turnover (Hoop) in Sumatra highway (Jalinsum) Lahat Regency, South Sumatra, increasing entered and after Lebaran Idul Fitri 1434 H.

“Trade hoops before Eid until D +3 is an average of ten fish per day,” said a trader hoops Haris (35) in Jalinsum-Tebingtinggi Lahat, “Sunday.

He said the hoop was obtained from the results of the hunt in the forest area were taken a median age of one month and sold Rp200 thousand per head.

There are also two-month-old hoops but its price is 150 thousand less, but the average buyer in the hope of buying a young age can be maintained in the long term.

Every day before Eid sold an average of over 20 birds, whereas during Ramadan only one two tails because the demand is less.

Sales is one of the hoops livelihood New Petikal villagers and the village of Lubuk Overlapping, District East Kikim every hunt wild animals ahead of Eid was increased.

“We sell a hoop to serve as a souvenir of Eid when the travelers return home, when a typical day the sale was not there,” he said.

The proceeds divided equally hoops every day with the group. Along jalinsum Lahat-Tebingtinggi some point the location of the sale of endangered animals.

Coordinator of the Indonesian Forum for the Environment (Walhi) Musirawas District Sapar yasa condemn white ape sales (hoop) because its existence was endangered.

He acknowledged, hoops are not yet included in the list of endangered animals, but its existence is now getting squeezed due to reduced forest areas for farming and large estates.

Animals, likes to eat the crops such as beans and other fields as their habitat has been depleted their food.

Same thing with the presence of the tiger habitat has been exhausted and the potential for reduced meals, so when people see you immediately eaten by cattle.

“We call on the Natural Resources Conservation Center (BKSDA) South Sumatra region to secure the animal from extinction,” he said.

China Industrial Profits Reach Rp 820 trillion as of June

China’s industrial profit growth slowed in June, because the country’s economy will weaken, rising costs, and the price of goods down because demand is growing moderately.

Based on data released by the Bureau of Statistics of China, on Friday (26/07/2013) net income of Chinese companies rose 6.3 percent (year on year / yoy) to 502.4 billion yuan (82 billion U.S. dollars, or Rp 820 trillion) . Growth is lower when compared to the previous month to reach 8.8 percent.

Stock markets in China also fell for the third time on the same day, in response to low growth in manufacturing, after the Chinese government reduce its 19 capacity to trim excess supply causes the price to drop.

At the same time, China’s National Council has also offered limited support through acceleration of railway construction, tax cuts for small businesses and cut export costs.

“In terms of policy, the most obvious thing is there is no economic stimulus package in China,” Zhu Haibin, an economist at JPMorgan Chase & Co., Which is based in China.

According to him, the Chinese government is now trying to formulate fiscal policy to be more effective at reducing the administrative expenditure.

Meanwhile, on the monetary side, the Chinese central bank is trying to boost credit directly channeled to the real sector.

Undip Help Seaweed Processing Technology in Karimunjawa

Semarang – Chemical Engineering Faculty of Engineering, University of Diponegoro (Semarang), helping cottage industry of seaweed farmers in Karimun Islands with the introduction of technology, ranging from fresh seaweed production process, drying, until the glass packaging techniques.

This was stated by the Head Master of Chemical Engineering Diponegoro University Dr Mohamad Djaeni told AFP on Thursday (04/10/2012).

“In addition, they also got the introduction of technology into the production process seaweed fresh drinks, syrup, and jelly or jelly,” said Djaeni.

According Djaeni, the introduction of technology in the form of training, demonstration, and technical assistance regarding the process tools to SME group in Kemujan seaweed, Karimun Islands for two days (1-2/10/2012).

“Besides the preservation process are also addressed, so that the product can be more durable and safe for consumption,” said doctoral graduate of Wageningen University Netherlands, accompanied by Ir Widi Gunawan Santoso, MSc from the Faculty of Marine Science Fisheries Undip.

At the given activities also help with zeolite dryer for seaweed and carrageenan, equipped with thermo controller and timer, homogenizer with a capacity of 60 liters of syrup and drinks fresh, infrared temperature measuring devices digital models, unit sealer for plastic cups, as well as generators with a capacity of 3000 watts.

“In addition to the technical aspects, and nutritional products, as well as the packaging, in the next two years will be addressed also the problem of business management and marketing, with the involvement of lecturers from the Faculty of Economics Diponegoro University,” said Djaeni.

Djaeni Further, the program is facilitated by the Master Plan and the accelerated expansion of Indonesian Economic Development (MP3EI). If the program is ongoing, planned for next year will be made to obtain product registration for seaweed cottage industry in Karimun Islands.

For the first year of this program is prioritized on increasing the production of beverages with the tools that have been given, especially homogenizer and sealer, including the drying unit to reduce the moisture content of the seaweed product to below 12%.

Demand for local specialties Publications increasing with the increasing number of domestic and foreign tourists, who enjoy the thrill of the beautiful beaches and islands, as well as the proliferation of homestay and hospitality.

So far local food such as porridge lunkhead, noodles, jelly, syrup and fresh drink of seaweed that is initiated by a group of mothers still face obstacles Dewi Fortuna durability of the product, production capacity, as well as the limitations of the technology, so it can not meet the demand of the market and the range was limited.

“Assistance from Undip technology is very useful for SMEs and business groups seaweed. Hopefully foods in Karimunjawa product demand is increasing,” Muslims hope DKP Publications Unit staff and Nur Hidayani, ST, MSc from Jepara DKP.

PTPN Unified Create Largest Indonesian Sugar Factory

PT PTPN III, XI, and XII plans to build a sugar factory along with the name of PT Industri Gula Glenmore. Largest sugar mills in Indonesia later this stake by 60 per cent owned by PTPN III, PTPN XI 10 percent, and the remaining 30 percent had PTPN XII.

This determination was Minister of State-Owned Enterprises, Dahlan Iskan, in his office, Jakarta, Tuesday, July 23, 2013.

The plant will produce primary products and white sugar premium products such as bio-ethanol bandwagon, bio fertilizer, and animal feed.

The plant will be built with a processing capacity of six thousand tons of cane per day and will be increased to eight thousand tons per day in the end. At the beginning of production of the company is expected to earn as much as nine percent yield, so the premium of white sugar production could reach nine thousand tons.

The factory is located in East Java will be supplied entirely from plantation PTPN XII. The construction itself is expected to cost Rp1, 5 trillion.

“This plant should be completed within 22 months, since the completion of the project has been adapted to harvest sugar cane grown to be supplied to Glenmore. If it’s too late. Later sugarcane to be supplied to anybody,” said Dahlan.

Sales Down, Era Jaya Net Profit Drops 39.9 Percent

Erajaya Swasembada Tbk PT (ERAA), a listed retail distributor of mobile phones, reported a net profit in the first half of 2013 fell 39.9 percent from the same period a year earlier. Net income fell from Rp 212.4 billion in Semester 1 2012 to Rp 129.8 billion in Semester 1 2013.
Djatmiko Ward, Director of Marketing and Communications Erajaya, said the decline in net income was due to the decreased net sales of Rp 6.4 trillion to Rp 5.9 trillion in the first semester of 2013. Sales decreased due to sales of mobile phones fell from 5.2 million to 4.9 million in the first half of 2013.
“Sales of mobile phones and tablets from the company recorded 88.1 percent of net sales, sales fell to Rp 5.2 trillion from net sales of Rp 5.9 trillion in the first half of 2012, net income decreased as a result,” he said in Jakarta on Wednesday (31/07/2013).
This gives the effect of the sale of product sales boom era. So kontribursi such as through vouchers, computers and electronics segment, as well as accessories segment is not able to increase the company’s revenue.
Vouchers 489.6 billion recorded in the first half of 2013 up from 397.6 billion in the first half of 2012. While computers and computer equipment segment recorded sales of 129.6 billion in the first half of 2013. And accessories segment recorded an increase of 89.7 billion from the 1st half of 2012 amounted to 12.5 billion.
A result of the drop in sales was also lower pre-tax profit (EBITDA) of the company on the 1st half of 2013 were down 37.2 percent to Rp 180.5 billion in EBITDA than in the 1st half 2013 that reached Rp 287.1 billion.

United Tractor Dividend Coverage Rp 2.31 Trillion

PT United Tractors Tbk (UNTR) will pay dividends of Rp 2.31 ​​trillion, or Rp 620 per share to shareholders. Issuer’s stock dividend UNTR coded 40% of net income in 2012 which reached Rp 5.78 trillion.

“Distribution of cash dividends amounting to Rp 620 per share, including the interim dividend of Rp 210 per share,” said Secretary Sara Loebis United Tractor Company after the General Meeting of Shareholders Year (AGM) Hotel Ritz Carlton Pacific Place, Jakarta, Monday (22 / 4/2013).

The interim dividend was paid on 2 November 2012, while the remaining Rp 410 per share will be paid on May 31, 2013.

“In addition to dividends, the shareholders also approved the residual net income after dividend will be recorded as income in the resistance,” he added.

In the same place, Finance Director of United Tractor Gidion Hasan said, the company is ready to pour the period 2013 capital expenditure (capex) of U.S. $ 230 million.

“Most of the U.S. $ 197 million to our subsidiary PT Nusantara Pamapersada (Coal Mine),” he said.

United Tractor currently has three business units namely the type of Komatsu heavy equipment sales, contractor mining, and coal mining concession. This year, a subsidiary of PT Astra International Tbk is planning to enter the ship-care industry.

United Tractor at this year expects to sell 5,000 units of weight or decrease of the period amounted to 6,200 units sebelunya. This decrease occurs because the coal and oil commodity prices are still volatile.