Social Security in First Half Profit Jumps 95 Percent

Social Security PT (Persero) posted a profit after tax in the first semester of 2013 amounted to Rp 1.69 trillion or 95 percent jump compared to the first half of 2012 amounted to Rp 870 billion. Director of Social Security Masasya G Masassya said that the increase in fee revenue over the first half of 2013 rose 64 percent to Rp 2.87 trillion in the same period last year to Rp 1.75 trillion.
»In the first half of 2013 we recorded a net income contribution of Rp 914.5 billion, surged 205 percent,” he said in a written statement, August 5, 2013.
Total revenue per June 2013 rose 202 percent to Rp 916 billion. Social Security investment income recorded a non-collateral (JHT) in the first semester of 2013 amounted to Rp 1.36 trillion, up 59 percent and revenue management of the investment fund old age insurance up 20 percent.
Social Security an operating profit in the first semester of 2013 rose 84 percent to Rp 3.14 trillion and profit before tax also rose 84 percent to Rp 1.97 trillion.
Director of Finance Social Security Trisanto Herdy adds up to June 2013 the company has been realizing managed fund of Rp 143.6 trillion. That figure represents 96.31 percent of the 2013 target of Rp 149.1 trillion. Additionally in June 2013, the company posted revenue of Rp 9.02 trillion investment or representing 61.72 percent of the 2013 target of Rp 14.6 trillion.
»The results of the development of old-age benefits by June 2013 amounting to Rp 6.32 trillion or 60.06 percent realize the 2013 target of Rp 10.5 trillion,” he said in a written statement.
In terms of net income, Social Security also booked Rp 1.69 trillion as of June 2013, representing 77.43 percent of the 2013 target of Rp 2.19 trillion. Acceptance of Social Security contributions by June 2013 amounted to Rp 12.3 trillion, representing 49.62 per cent of the 2013 target of Rp 24.84 trillion. And payment guarantees by June 2013 amounted to Rp 6.21 trillion or 59.75 percent of the realization of the 2013 target of Rp 10.4 trillion.

Distributor Mobile BlackBerry Build Factory Together with Foxconn

Jakarta – Distributors and retailers cell phone (mobile phone), Erajaya Swasembada Tbk PT (ERAA) set side by side with a large Chinese manufacturer, Foxconn to equally establish assembly plant mobile device.

Director of Marketing and Communications Djatmiko Ward said, such as the readiness of the company to form the intention to cut imports figure in Indonesia’s mobile phone number is still high up to 55-60 million units per year.

“Erajaya ready for Foxconn. There is a background to this, one being that there are 55-60 million units in Indonesia hp and 100% of imports. Consumer nation we remain profitable and the outside, it arises from the desire to have their own base,” he said when met at the Capital Residence, Jakarta, as quoted on Thursday (01/08/2013).

However, the readiness of government support should be coupled with one of them with incentives. Because, without the incentive of possible price outcomes assembly product itself will be more expensive than products derived from imports. Tax to be one cause.

“As an illustration, if imports hp only pay VAT 10% complete. Meanwhile, if there are spare parts to assemble yourself taxable entrance, production costs, salaries, and others. Could be that we have a factory but their products are more expensive. We as partners are explored ready provided there is an incentive from the government, “said Djatmiko.

According to him, the government should provide incentives in this regard so that Indonesia had a dream come true handset manufacturer fabricators.

“For example in China, the government provides free land, buildings, infrastructure everything is free. Employee salaries subsidized by the government for 3 years, it’s name is a form of support,” he said.

Freeport Papua Gold Production Drops

Production and sales of PT Freeport Indonesia copper plummeted in the second quarter of 2013. This, due to the collapse of an underground tunnel incident at the Grasberg mine in Papua in mid-May.

Reported by page FCX, Wednesday, July 24, 2013, Freeport posted sales of 158 million pounds of copper and 151 thousand ounces of gold, lower than the same period last year, in which Freeport managed to record sales of 183 million pounds of copper and 247 thousand gold.

However, in the first half of 2013, sales of Freeport is still higher. The US-based mining company managed to record sales of 356 million pounds of copper at an average price of U.S. $ 3.08 per pound. While the first half of 2012, Freeport sold only 317 million pounds of copper at an average price of U.S. $ 3.56 per pound.

Meanwhile, on the production side, Freeport in the second quarter of 2013 only produced 139 million pounds of copper and gold by 131 thousand thousand ounces. Much lower than the first quarter of 2012 gold production, which reached 173 million pounds of copper and 230 thousand ounces of gold.
In total, the company has produced copper as much as 358 million pounds of copper and 343 ounces of gold in the first half of 2013.

Meanwhile, the decline in production and sales of Freeport Indonesia due to the underground tunnel collapse incident that killed 28 people and left 10 people injured. Freeport immediately suspend mining activities in honor of the victims and investigate the cause of the collapse of the tunnel.

On June 24, 2013, Freeport re-open the mine open and operational on July 9, 2013, Freeport back underground mines operate consent Ministry of Energy and Mineral Resources. As of July 19, 2013, Freeport cultivate 200 thousand metric tons of ore per day.

Freeport Indonesia is currently being ramped up production of the DOZ underground mine. Now, the company has to process 40 thousand metric tons of ore per day and will be increased to 80 thousand metric tons of ore per day by mid-2014.

Freeport expects to sell 900 million pounds of copper and 1 million ounces of gold in 2013, an increase over 2012 and sales of 700 million pounds of copper and 900 thousand ounces of gold.

In addition, Freeport Indonesia has also started discussing bilateral discussions with the union wage increases. Hopefully, a new contract may apply in September 2013.

Analyst: Foreign Funds Back in Second Half

Jakarta (Reuters) – The flow of foreign funds is expected to re-enter the domestic capital markets following a rise in interest rates by Bank Indonesia or BI rate to 6.5 percent, said a stock market analyst.
“Indonesia is the only country to raise interest rates amid slowing economic conditions the world is. Thing that will encourage the flow of foreign capital back to the Indonesian capital market in the second half,” said analyst Hamid Agustini Recapital Securities in Jakarta on Wednesday .
He added that funding opportunities foreign investors back to Indonesia’s capital market is quite large due to the current interest rates in the U.S. only by 0.25 percent.
“The purpose central bank to raise interest rates to attract foreign investors to remain invested their funds in Indonesia,” he said.
Moreover, he added, if the U.S. economic stimulus program was decided to be extended by the Fed that foreign funds will be returned to the country and rose to the level of 5,000 points.
Agustini adding he was optimistic BEI index still can reach levels above 5,000 points, sustained by the strengthening of the shares in the sectors of infrastructure, building construction, in particular sub-sectors of basic industries of cement, consumer, banking and finance.
Head of Research at PT Universal Broker Indonesia, Satrio Utomo said in the last four trading days, foreign investors began to re-enter the Indonesian capital market, although not yet significant. That’s because that sentiment is more external than domestic role.
“Moreover, later this evening, the Fed will provide testimony, expected to be seen from the direction of Fed policy for the second half of 2013, a positive for the market,” he said.
Satrio suggest in the next few days investors can collect banking sector stocks, consumer and construction sub-sectors. Investment strategy is accumulated when the stock price is declining

2.5 Born Every Minute 1 TVS Motor

Indian motorcycle manufacturer TVS already has an assembly plant in Karawang. The factory started up since 2007 in 2.5 minutes could give birth to 1 unit of TVS motors.

The factory is located in Industrial area Suryacipta City Jl. Surya Madya I Kav. 1-30 Kutanegara Village, cikampek 41 361 East Karawang, West Java.

It was announced by TVS Motor Vehicle Assembling Indonesia, Agus Ahmad Yani told reporters on the sidelines of TVS factory visits, on Tuesday (07/23/2013).

“Every 2.5 minutes of birth 1 unit of TVS motors here. Granted my opinion is still quite long but it was good enough for us,” said Agus.

In one day the factory has an area of ​​20 hectares, is capable of producing 150 to 200 units of TVS Motor and consists of 1 line to 1 line for import and export.

“If the 1-year total of approximately 30,000 units and 40 percent for domestic, and 60 percent more for export,” he explained.

To export itself, TVS factory in Karawang cater to several countries in Southeast Asia such as Myanmar, Iran to the Philippines.

“For one month export around 1,000 to 2,000 units and send the type of motor sport ducks and the TVS Rockz, Sport Apache,” he added.

Meanwhile, there are 2 parts to export the CKD and SKD. “For our full part CKD, SKD form that unit but removable front and rear tires,” he concluded.