Mayora Record Profit Growth 34.28%

PT Mayora Indah Tbk (MYOR) recorded a profit attributable to owners of the parent rose 34.28 percent to Rp451, 51 billion in the first half of 2013 from the same period the previous year Rp336, 23 billion.

As quoted from disclosure, on Wednesday (31/07/2013), the increase in profit was also followed by an increase in the first half of 2013 the company’s revenues were up 6.5 percent to Rp 5, 79 trillion, compared with the previous Rp 5, 44 trillion.

Cost of sales of the company’s first half of 2013 decreased slightly to Rp 4, 30, earlier than Rp 4 trillion, 32 trillion. Gross profit in the first half of 2013 increased to Rp1, 49 trillion compared to previous Rp1, 12 trillion. Burden of the company’s sales rose to Rp679, 45 billion from Rp512, 44 billion.

The Company earned interest first half of 2013 rose to Rp13, 80 billion as compared to the previous Rp 6, 96 billion. Rental income rose to R1, 36 billion in the first half of 2013 from the same period a year earlier R1, 12 billion.

Meanwhile, the company’s profit before tax rose to Rp587, 50 billion in the first half of 2013 from the same period the previous year Rp435, 59 billion.

Total liabilities of the company on June 30, 2013 decreased to Rp 5, 14 trillion compared to period ended 31 December 2012 amounting to Rp 5, 23 trillion. The company’s equity rose to Rp3, 52 trillion in the first half of 2013 from December 31, 2012 amounting to Rp3, 06 trillion.

Industry: Ginger drink that makes Fit!

More nutritious drinks attractive and wanted by the community. Because many people who care about healthy living. One of the much-loved beverage that is made ​​from natural ingredients such as turmeric. Seger felt fit to arouse.

Traditional herbs though occasionally underestimated proved to have tremendous benefits, especially for the body. One is ginger that in today’s modern society is rather difficult to find. Moreover, to process them into something delicious to eat is not something easy.

But now it seems we’ve been spoiled with the development of technology. Some of the cottage industry and the process has been a lot of ginger into the drink ‘decent’ consumption. In the sense of not only the packaging is attractive but it is also more delicious and fresh to be consumed daily.

The one that produces the drink ginger is Eve Inti Indonesia (Hawaii), located in Banyuwangi – Bali. Where the production of ginger drinks packaged in glass bottles in Sari Rasa Temulawak label. Besides this drink was commonly found in the form of an instant.

This drink is made from extracts of ginger, sugar, and other spices. Moreover, this ginger drink now can be enjoyed like other bottled beverages which in cold conditions. There are so many benefits that can be enjoyed after consumed as increase appetite, prevent colds and so forth.

EU industrial production fell in May.

Industrial production in the recession-hit eurozone fell 0.3 percent in May compared with the previous month, the data agency Eurostat reported Friday, after three consecutive monthly increases.

April industrial production rose 0.5 percent in the bloc’s 17 states, the agency said in a revised figures, compared to March when the rate increased 0.9 percent, AFP reported.

Numbers in April and March which is a great improvement on the performance in the previous months, and analysts said the latest report showed euro zone recession is already running 18 months may soon end.

May decrease was primarily due to the weakening 2.3 percent in the consumption of durable goods, while capital goods declined 1.5 percent.

On the positive side, energy production rose 0.1 percent, intermediate goods rose 0.4 percent and non-durable consumer goods rose 0.6 percent.

Decline in industrial output is highest in Ireland, which saw a decrease of 2.7 percent and in Greece with a 2.1 percent decline.

Output rose 6.1 percent on the other side of the recession plagued Portugal and 2.0 percent in Estonia. While in the 27 European Union countries, industrial output fell 0.6 percent in May compared to April.

Compared with the previous year’s data, industrial production fell 1.3 percent in the eurozone and 1.6 percent in the EU.

India May industrial output shrinks surprise 1.6%

India’s industrial output shrank by a shock 1.6 percent in May from a year ago, data showed Friday, adding to mounting gloom about Asia’s third-largest economy.

The contraction in output by factories, mines and utilities was far below market forecasts of a 1.5-percent rise while in another blow, April’s industrial output growth was revised to 1.8 percent from 2.8 percent expansion earlier.

“Industrial recovery is not yet in sight — this is definitely a surprise on the downside,” D.K. Joshi, chief economist of India’s leading credit rating agency Crisil, told AFP.

The figures marked more grim reading for Prime Minister Manmohan Singh’s Congress-led government which is desperately hoping for an economic rebound before elections due in the first half of 2014.

“Industry has slipped into a serious crisis,” said business leader Rajkumar Dhoot, as the data showed manufacturing, which accounts for three-quarters of the Index of Industrial Production, had slumped by 2.0 percent in May.

Dhoot, chief of the Associated Chambers of Commerce and Industry, predicted “large-scale job losses” in the country of 1.2 billion people and pointed to production shutdowns already announced by the once-booming car sector.

Despite the weakness, the central bank is ill-placed to cut interest rates to kickstart the economy with the rupee near lifetime lows and separate data Friday showing retail price inflation climbing to 10.13 percent in June from 9.65 percent in May.

“For any policymaker, it is a very challenging time. You have urgent situations over the rupee, inflation and now manufacturing,” Joshi said.

“There is no magic wand except that the government must start implementing some of the economic reforms it has been promising,” he said.

While the bank has cut rates three times since the start of 2013 following an aggressive hiking spree, borrowing costs remain high.

The disappointing data comes as Finance Minister P. Chidambaram is in the United States this week on his second trip in three months to woo foreign investment — seen as key to strengthening the currency and spurring growth.

But he is seen as hampered by political opposition at home to more steps to prise open India’s still heavily state-dominated economy and investor concerns about widespread corruption.

India’s economy has been struggling under high interest rates, strong consumer inflation and weak domestic and foreign investment, as well as a string of graft scandals.

The government has forecast the economy will grow by at least six percent in the financial year that began April 1, after expanding by five percent last year — its slowest pace in a decade.

But private economists have been reducing their forecasts in the past few months with most seeing growth in the five-to-six percent range.

In one piece of positive news out of Friday’s string of downbeat data, June’s trade deficit narrowed from the previous month as gold imports slid in response to government duty hikes to curb consumer appetite for the precious metal.

The merchandise trade gap fell to $12.2 billion in June from $20.1 billion in May, easing market worries about India’s gaping current account deficit — the broadest measure of trade.

Oil imports also fell to $12.7 billion from $15 billion in May. Oil and gold imports are the biggest contributors to the current account deficit. But despite a sharply weaker currency, June exports fell 4.6 percent to $23.79 billion.

And underscoring weak consumer demand, car sales slid nine percent in June from a year earlier, marking a record eighth straight month of decline, other figures showed, and prompting industry calls for a government stimulus package.

“This is certainly the worst period I have seen in a long time,” R.C. Bhargava, chairman of Japanese-controlled Maruti Suzuki, the country’s largest carmaker, said in an interview published Friday.

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

Salt and Sugar Production Decline SOEs

Performance PT Garam (Persero) until the first quarter of 2013 was still less than satisfactory due to the decreased production of salt. This was stated by Minister of State Owned Enterprises (SOEs) Dahlan Iskan. Even so, the former president director of PLN is informed with the condition.

“Salt is still bad performance. See it continues to rain, wet dry so it can not harvest the salt. These three months can not be production, but because of the weather so what can we do,” Dahlan said in Jakarta on Monday (22/7).

Dahlan stated that the manufacturer and distributor of salt salt production recorded a decrease to 40 percent due to weather uncertainty. In addition to salt, some sugar mills owned owned company also decreased production.

“If the sugar factory is still good, but not as good as planned. Farmers can not harvest cane, difficult and high cost of transport, wet mud and cane sweetness level is also declining,” said Dahlan.

Eating, Dahlan says, red plate sugar financial statements have not been better than last year. “Growth slumped 30 percent,” he said.

Green Car Production Could Reach 75 Thousand Units

Industry Minister Mohamad Suleman Hidayat, said the production of environmentally friendly cars cheap (low cost green car) this year could reach 75 thousand units. »Less than 75 thousand units, but I am optimistic that it can produce for it,” he said at the office of the Coordinating Ministry for Economic Affairs, Monday, July 8, 2013.
Hidayat said that if it can produce at full capacity, the LCGC Indonesian market is estimated to reach 300 thousand units a year. Until now, he said, there are some manufacturers who already produce LCGC as a stock. But, he could not be sure how many cars that have been produced.
Regarding the price, Hidayat sure that the limit price of USD 95 million off the road not to burden the manufacturers. According to him, the benchmark price of a maximum selling price. Prices may increase or decrease based on the addition features such as transmissions or if manufacturers develop new technologies. »There’s still space price, for transmission problems 15 percent, if new technologies develop 20 percent. Later clever-clever businessman only in counting, “he said.
Earlier, President Director of Astra Daihatsu Motor, Sudirman, estimates it could produce a green car 40 thousand units this year. The amount of 40 thousand units include, Toyota Agya and Daihatsu Ayla. Daihatsu aims to sell 3 thousand units per month.
Previously, the government has issued Government Regulation No. 41 of 2013 on taxable goods belonging to a Luxury Vehicle. The rule provides incentives luxury sales tax deduction (GOODS) some types of cars with specific fuel consumption. Jutlak Kemenperin a rule derived from the PP.
Luxury sales tax exemption incentives given to cars with a maximum engine capacity of 1200 cc with fuel consumption of at least 20 kilometers per liter. Tax exemption also applies to manufacturers of motor vehicle diesel / semi diesel with a maximum engine capacity of 1,500 cc and fuel consumption of at least 20 kilometers per liter. In addition, there are incentives for low emission vehicles (Low Cost Emission / LCE) with fuel consumption in the range of 20-28 kilometers per liter.

Two Consecutive Years Sharp Losses, Now it Reaches Rp 51 Trillion.

Japanese electronics giant, Sharp, posted a loss for two consecutive years. The company also intends to depose the CEO who was installed a year ago.

Sharp lost 545.3 billion yen (USD 51.3 billion) in the fiscal year ending March 2013. The loss swelled pretty big compared to losses in the previous year in the same period a year earlier 376 billion yen.

Despite high losses, Sharp sure to be back next year to make a profit

“We’re sorry we’ve suffered substantial losses in two consecutive years,” said Sharp Director Tetsuo Onishi after reporting financial results to the public as quoted by AFP on Tuesday (05/14/2013).

Sharp is currently undergoing a restructuring of the company, one of them with layoffs (layoffs) with thousands of employees. In fact, the company will also depose Takashi Okuda from the post of CEO replaced by Kozo Takahashi.

Though Okuda recently served as CEO of Sharp in April last year. After stepping down, Okuda served as commissioner will, his last position before retiring in habits of the Japanese.

This loss occurs due to high operating expenses and the company’s sales plummeted, chiefly in the television division. The television division turnover has fallen very deep.

“Our mobile phone sales also fell, due to lack of raw materials in the first half of last year,” he said.

Total sales of Sharp at the end of March 2013 reached 2.48 trillion yen, up from the same period last year 2.46 trillion. Next year, Sharp predict could reach 5 billion yen profit.

“We had anticipated that the overall business situation this year is full of uncertainty,” he said.