Earnings Fall 22% Pawnshops Because Kraft

Mortgage PT (Persero) recorded a decrease in net income to Rp 718 billion in the first half of 2013. The number is down about 22% when compared with net income in the same period of the previous year of Rp 929 billion. Profit decline was due to a continued decline in the price of gold on the market.

“The decline in gold prices greatly affect the performance of the company’s significant because when the price of gold fell Mortgage loan disbursement will face obstacles because its value will go down as the price of gold down,” said Director of Mortgage Finance Agus Dwi Pramoedya when met at the Central Office Pawn Kramat, Jakarta, Thursday (01/08/2013).

However, he said, although besih profit declined but remains the company’s turnover rose. In the first half of this year, the company’s revenue still grew by 6.5% to Rp 4.1 trillion over the same period the previous year which only Rp 3.8 trillion.

Total assets also go up to Rp 33 trillion in the first half of 2013, an increase of 13% when compared to its total assets in the same period the previous year which reached Rp 29.1 trillion.

From the business side, Pawn is able to achieve a turnover in the pawning business of gold amounting to Rp 46 trillion in the first half of 2013, an increase of 6% from the same period last year of Rp 43 trillion.

“It is conventional. If sharia as of June 2013 was Rp 6 trillion, Rp 5.5 trillion last year finished up 8.6%,” he said.

In addition, the company’s customers also increased 15% to 14.4 million in the first half of 2013, when compared to the same period of the previous year which only 13.7 million.

“Seeing this increase, we believe the mortgage business will continue to grow,” he said.

Making Sugars typical Home Based Industry in Garut

Tirelessly Iwan (35) continues to stir the pot iron brown viscous fluid. In front of her was a crock containing the same again. Alternately him play spoons of coconut shell-stemmed bamboo, alternate for 15 minutes.

“It’s a mixture of sugar, java, palm, coconut, and sugarcane. Not all the material from Garut, there sugarcane ordered from Kediri (East Java) together coconut sugar from Tasik, Banjar, and Cianjur,” said the man who was 5 years old involved in the cottage industry in the Market Guntur Garut, West Java, on Wednesday (07/10/2013).

In the process of cooking, Iwan put sugar then stir to form a thick liquid. “Until good. Afterwards input all the sugar. Stirred half hour. If you want to quickly be ready to pour, yes fire digedein,” he said.

After continued stirring and was considered quite mature, and then take a plastic scoop Iwan bercorong. Her bony hands slowly pour the liquid mixture into a thick sugar mold 5 cm in diameter.

“Made it sober, simple cut the pipe,” he explained, pointing to a vertical thickness of 2 cm mold it. Iwan then deftly move the dipper 50th winnowing prints are arranged in a square of wood.

After that, the mold stacked on top of another winnowing. “Dikeringin first, about 1 hour. Wear only dry winds. Was only after it is removed from the mold,” he explained.
While, a fat and short stature mother sitting in a chair not far from the corner of the window at the top of the table where Iwan brown viscous liquid was poured.

“That was brown sugar making process. In Guntur Market makers have 3 red sugar. One of us,” said the woman who called Nur (33) it. His hands deftly releasing brown sugar slab width 5 cm from the mold.

Despite having a similar business competitors, Nur said he was not worried about losing customers who on average small traders such as gado-gado.

In fact, usually orders pile up ahead of Idul Fitri. Whereas for this year claimed to have caught Nur orders weighing 5 quintals of sugar as fast last year.

“It’s still a daily kayak, 60 kg of sugar at all to make. From there be 120 kg. Wrapped so each 10 kg. Kayak gini,” Nur said as he showed a yellowish brown sugar composition of the plastic-wrapped parcel pretty similar.

Nur said the sugar round yellowish color size diameter 8 cm and 5 cm thick is no different from the other manufacture. The only difference is the composition of the sugar.

“If a more yellow coconut sugar, it is also different, so a bit salty. Arennya If the sugar thicker and sweeter,” said Nur.

Iwan and Nur hope this simple production continues to run and sustainable. Because there are other competitors already in the Banjar, West Java, which is capable of producing more and using automated production equipment.

Ahead of Idul Fitri, Tuberose Flowers Laris Manis

Ahead of Eid, people usually decorate their homes with fresh flowers. Residents usually invade the largest flower market in Jakarta, Rawa Belong.
Head of Business Unit Means Sentra Rawa Belong Flower Market Flower M Muljadi said the most sought after community interest ahead of Eid is the tuberose flower.
He considered the tuberose flower is highly sought after by people who want to decorate her house when Lebaran. “Tuberose became the best-selling interest ahead of the Eid al-Fitr,” said Muljadi to Tempo in his office, Tuesday, August 6, 2013, afternoon.
Mulyadi revealed in January, about 800 thousand to one million tuberose flower stalks are sold out for the H-3 to H-1 or takbiran night. Tuberose stalks one for Rp 5000-6000. “Imagine if sold 800ribu stalk, flower traders how the overall turnover in the Rawa Belong market,” said Muljadi.
A similar sentiment was expressed by Toyib (59), flower merchants Ambarawa origin, Central Java. Toyib admitted Tuberose flower sales increased dramatically ahead of Eid. “Especially at night takbiran, I could sell a lot. Were so many to forget how the stalks are sold,” said Toyib.
Grace, 39 years old, one of the consumers who buy flowers Tuberose in Rawa Belong market is said every year to buy flowers to decorate her house. Once purchased, Grace willing to spend Rp 500 thousand to 100 tuberose stalks.
“It’s over the years I bought here, to beautify the house,” said the mother of two children. “She smelled too bad, make a fresh home.”
Muljadi assess the increase in sales of the Tuberose is affected by the fall holidays and leave together ahead of Idul Fitri. According to him, if the schedule falls off with the 4-5 days ahead of Eid, the tuberose sales will decline, but not too significant.
“So depending on the holiday of Eid fall when, as in 2008, when it fell off a longer time after Lebaran, so our sales to decline,” said Muljadi. “Yes, because people do not have time to buy.”

Many variants Chocolate Cake Made of Interest

Every year, entrepreneurs continue to innovate pastry making new works to meet the needs of consumers. Such as clothing, cakes every year there was a certain trend that the market demands. In 2011, the variant was the chocolate cake that attracted many buyers.

“Trends change every year. Years ago clasic cake, Nastar and-savory savory cheese. Years tend to sweet, chocolate cakes are much in demand,” said Promotion and General Affair Nituty, Yogi Prayoga to detikbandung.

One of the favorites is the Choco Lover. Chocolate cake is composed of three layers of chocolate. Namely chocolate bars, chocolate overwritten by another, then dyed brown again at the last.

Nituty all products made ​​at home, in the Castle Hill Complex Bandung, Ujungberung. Now there are 50 employees working in the cottage industry.

Nituty cake also has spread almost all over Indonesia, such as Sumatra, Kalimantan, Java, Batam, and others. “Sulawesi at Jayapura that does not exist,” said Yogi.

Yogi said, every region has a different taste in selecting variants cake. Consumers most like chocolate outside Java, while Java itself still love the classics like nastar and cheese.

Besides sweets, Nituty also has a unique salty pastry products, namely Smocked Oregano Cheese and Beef. It costs from Rp 60 thousand to $ 70 thousand.

Do not worry about the taste, the pastries at this Nituty have high taste. Because the family is still a brother Nituty with JNC and Ina coockies. “So this is our family cake. Actually Mamah (Nituty) used to like selling cakes. But baseball directly on the brand,” said Yogi.

Want to learn mmebuat cake? Can know learn in Nituty no cost or for free. “If you want to make a cake, invite wrote an RT, or kumpulin people 40-50 people. Later we baking demo, we love the recipe as well,” said Yoga.

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.