Tampilkan postingan dengan label News. Tampilkan semua postingan
Tampilkan postingan dengan label News. Tampilkan semua postingan
Apple crushes Profit, iPads Ship 7.3 Million. Apple just put up a monster quarter, and investors should send the stock upwards Wednesday, erasing today’s doubts about Steve Jobs’ health.
Apple’s Q1 EPS was $6.43, beating by a mile, and representing $6 billion in profit. Revenue was massive too, at $26.7 billion, beating consensus by more than $2 billion.
Apple Crushes Earnings (businessinsider)
Apple Crushes Earnings
iPad shipments came in at 7.33 million, way above expectations. Meanwhile, Mac unit sales came in at 4.1 million, slightly below the Street’s 4.3 million consensus. Perhaps the iPad is starting to cannibalize the Mac?
iPhone shipments of 16.2 million beat the Street, and should be strong again next quarter as the Verizon iPhone ships.
Even Apple’s guidance is strong: $22 billion in sales is ahead of the Street’s $20.6 billion consensus, and EPS of $4.90 is way ahead of expectations.
Apple did NOT disclose Apple TV unit sales or iAd revenue.
Key Stats: (Consensus via Yahoo Finance and Piper Jaffray)
* Revenue: $26.74 vs. $24.4 billion consensus, $25.5 billion “high” Street estimate
* EPS: $6.43 vs. $5.38 consensus, $6.02 “high” Street estimate
* iPhone shipments: 16.24 million vs. 15.5 million consensus
* iPad shipments: 7.33 million vs. 6.2 million consensus
* Mac shipments: 4.1 million vs. 4.3 million consensus
* iPod shipments: 19.45 million vs. 20.3 million consensus
* March revenue guidance: $22 billion vs. $20.6 billion Street consensus, anything over $20 billion solid
* March EPS guidance: $4.90 vs. $4.43 Street consensus, anything over $3.92 solid
Source : http://www.businessinsider.com/apple-earnings-analysis-2011-1
0
komentar
Creativity designs of Gayus Tambunan photos decorate a variety of Gayus photo on the Internet.
Because the images intimate Rahma with McMenemy who allegedly taken at a night club that is not directly related to the Indonesian national team.
"I'm not sure about the photo Rahma and coach the Philippines. I also recently received information via short messages (SMS),"said Andi at the State Palace, Jakarta, Monday (20/12/2010).
"But I think everything is going well and fair between Indonesia and the Philippines. The most important thing now is we focus on how to win the match against Malaysia,"said former presidential spokesman for this.
Ayu Azhari sister was intimate with McMenemy post photos on Monday, December 20, approximately at 07.00 pm. Coincided with the photograph, Rahma ngetweet if McMenemy himself with no special relationship.
"He's just a friend .. What a lovely person .. Glad to Actually meth uterus! Had a great time!," wrote one boy's widow.
Not just one photo, Rahma also post additional photos at 11.00 pm. He said good-bye to Simon who went to their home country.
"Hhhmm goodbye simon, have a nice trip back to Manila, xoxo," said Rahman
"I heard he said some fans Syahrini not received, only this time it's just not that so Syahrini only guest star to make gimik Slank and all that fun," said Kaka 'Slank' sidelines of the 1000 Band United: Uniting Overcome Disasters in BUPERTA Cibubur , East Jakarta, Saturday (19/12).
Kaka added in an appearance, especially the concert required the attention of the audience to enliven the event. That's what he wanted to convey when Syahrini hug on stage.
"It's a concert yes. It's about eye and ear. So all the attention it from how we see and hear the concert," he explained. [aji]
JAKARTA, KOMPAS.com - Chairman of the Islamic Defenders Front Jakarta DPD Habib Salim Alatas explained that the FPI came Sentra Polda Metro Jaya Police Service to report pedangdut and movie player Goddess Perssik since put naked pictures on his Twitter account.
"We came willing to report Goddess Perssik (DP) because it was exposing his private parts on Twitter," said Habib Salim told reporters in SPK, Wednesday (08/12/2010).
Habib Salim, who came accompanied by his lawyer, showing nude photos of DP with various poses. "In addition to Goddard Perssik, we also will report on Ahmad Dhani because these photos are also in Twitter Ahmad Dhani," he said again. "DP is her Indonesian Miyabi. Obviously damaging," he said.
"We came willing to report Goddess Perssik (DP) because it was exposing his private parts on Twitter," said Habib Salim told reporters in SPK, Wednesday (08/12/2010).
Habib Salim, who came accompanied by his lawyer, showing nude photos of DP with various poses. "In addition to Goddard Perssik, we also will report on Ahmad Dhani because these photos are also in Twitter Ahmad Dhani," he said again. "DP is her Indonesian Miyabi. Obviously damaging," he said.
JAKARTA, KOMPAS.com - Sunday (12/12/2010), a day before he gives his testimony, presenter Dance Cut through the assistant legal counsel, said he would confess that he was the one woman who were both vocalists intercourse Nazrel Irham or Ariel in sex video being dikasuskan.
The trial continued the case for distributing the videos sex that will be held at the District Court (PN), Bandung, on Monday (13/12/2010). Agenda, presents Cut Dance as a witness.
"We will give testimony in truth, which is required by the judge or prosecutor, in accordance with the facts, about what happened in the case of the video," said Ina, assistant team leader Cut Tari lawyer, Hotman Paris Hutapea, when contacted via cell phone, in Jakarta, Sunday (12/12/2010).
Explained also by Ina, in front of the judges will reveal that Cut Tari sex video actors are correct himself with Ariel. "To be sure, Cut Tari and their attorneys would give testimony that is in the correct video is her and her male perpetrator is Ariel," said Ina.
To stem the spreading accusations, stressing that Cut Tari Ina has an alibi. "Clearly Cut Dancing with the initials RJ spreaders do not know and never knew. So, Cut Tari was not involved. Anyway, all the facts will be revealed if required by the Council of Judges and the Prosecutor (Attorney General)," said Ina again.
Advanced Ina, sex videos and Ariel Dance Cut also might have played in the trial. "It's very possible, because it is evidence and Cut Dance is a victim or perpetrator. Anyway, we'll totally give information or testimony in accordance with the facts," he said.
The trial continued the case for distributing the videos sex that will be held at the District Court (PN), Bandung, on Monday (13/12/2010). Agenda, presents Cut Dance as a witness.
"We will give testimony in truth, which is required by the judge or prosecutor, in accordance with the facts, about what happened in the case of the video," said Ina, assistant team leader Cut Tari lawyer, Hotman Paris Hutapea, when contacted via cell phone, in Jakarta, Sunday (12/12/2010).
Explained also by Ina, in front of the judges will reveal that Cut Tari sex video actors are correct himself with Ariel. "To be sure, Cut Tari and their attorneys would give testimony that is in the correct video is her and her male perpetrator is Ariel," said Ina.
To stem the spreading accusations, stressing that Cut Tari Ina has an alibi. "Clearly Cut Dancing with the initials RJ spreaders do not know and never knew. So, Cut Tari was not involved. Anyway, all the facts will be revealed if required by the Council of Judges and the Prosecutor (Attorney General)," said Ina again.
Advanced Ina, sex videos and Ariel Dance Cut also might have played in the trial. "It's very possible, because it is evidence and Cut Dance is a victim or perpetrator. Anyway, we'll totally give information or testimony in accordance with the facts," he said.
by: Irvin Avriano A.
JAKARTA: PT Capitalinc Investment Tbk plans to increase its capital by issuing new series B shares without preemptive rights at the price of IDR1,700 to derived capital as much as IDR123.88 billion.
The shares which will be released has a different offering value with the nominal value of the shares pegged at IDR1,500.
One of the companies owned by Recapital Advisors Group predicts its revenue will reach US$51 million next year, most of which, or US$43 million, will be contributed by oil and gas blocks controls by the company.
This was revealed in the company presentation submitted by the company to the Indonesia Stock Exchange (IDX) earlier this week. The company also forecasts its earnings before interest, taxes, depreciation, and amortization (EBITDA) will reach US$36 million, the U.S. $ 35 million is contributed from oil and gas sector.
The company also predicts the revenue to have a double incrase in 2012 to US$103 million, and donations from oil and gas blocks for US$92 million.While, the company predicts EBITDA to reach US$75 million and contributions from oil and gas blocks to reach US$73 million.
Previously, the company only engaged in finance, infrastructure, and investment business, however the predictions show that the company will depend on oil and gas division.
When confirmed, the President Director of Capitalinc Budi Prihantoro confirmed these predictions. However, he can not be contacted because he was in a meeting. "It is true that it is accordint to the appropriate materials, I still have meetings, so it's rather difficult to communicate, thank you," he said via short message service(SMS).
He also confirmed the company intends to reduce debt to equity ratio (DER) from the level of 12.9 times to 1.6 times after the capital increase without preemptive rights.
In the information disclosure, the company plans to reduce the debt ratio along with the plan to issue new shares amounting to 72.87 million shares, or worth about IDR109.31 billion.
The company also intended to focus its business unit in the oil and gas sector particularly by developing its new acquired company namely, PT Kutai Etam Petroleum, PT Kencana Surya Perkasa, PT Mosesa Petroleum, PT Cahaya Batu Raja Giok and Greenstar Assets Ltd.
By acquiring those five companies, Capitalinc shall control some oil and gas blocks, including Ibul, Tonga, Air Komering, Seingangka-Senipah, Suci and East Kangean.
Budi once stated that his company shall utilize the fresh fund derived from such non-preemptive rights to settle its promissory notes (PN). The notes are the debt of Capitalinc’s newly acquired companies
“Investors requires the Debt Equity Ration to be lower than the current rate,” he said yesterday.
Based on the company’s trading database on Tuesday, the MTFN-coded share was closed at IDR1,500 , retreated by IDR100 or 6.25%, leaving the market capitalization at IDR1.09 trillion.
In the information disclosure submitted to IDX, the company apparently has appointed PT Madani Securities as its financial consultant.
Adding to that, Capitalinc plans to use half of the fresh funds generated from such corporate action to provide capital to its oil and gas subsidiary.
Capitalinc delayed the plan to conduct stock split that was scheduled in its extraordinary shareholder meeting as it still reviews the notion to hold a right issue by next year. (t02/t03/wiw)
The shares which will be released has a different offering value with the nominal value of the shares pegged at IDR1,500.
One of the companies owned by Recapital Advisors Group predicts its revenue will reach US$51 million next year, most of which, or US$43 million, will be contributed by oil and gas blocks controls by the company.
This was revealed in the company presentation submitted by the company to the Indonesia Stock Exchange (IDX) earlier this week. The company also forecasts its earnings before interest, taxes, depreciation, and amortization (EBITDA) will reach US$36 million, the U.S. $ 35 million is contributed from oil and gas sector.
The company also predicts the revenue to have a double incrase in 2012 to US$103 million, and donations from oil and gas blocks for US$92 million.While, the company predicts EBITDA to reach US$75 million and contributions from oil and gas blocks to reach US$73 million.
Previously, the company only engaged in finance, infrastructure, and investment business, however the predictions show that the company will depend on oil and gas division.
When confirmed, the President Director of Capitalinc Budi Prihantoro confirmed these predictions. However, he can not be contacted because he was in a meeting. "It is true that it is accordint to the appropriate materials, I still have meetings, so it's rather difficult to communicate, thank you," he said via short message service(SMS).
He also confirmed the company intends to reduce debt to equity ratio (DER) from the level of 12.9 times to 1.6 times after the capital increase without preemptive rights.
In the information disclosure, the company plans to reduce the debt ratio along with the plan to issue new shares amounting to 72.87 million shares, or worth about IDR109.31 billion.
The company also intended to focus its business unit in the oil and gas sector particularly by developing its new acquired company namely, PT Kutai Etam Petroleum, PT Kencana Surya Perkasa, PT Mosesa Petroleum, PT Cahaya Batu Raja Giok and Greenstar Assets Ltd.
By acquiring those five companies, Capitalinc shall control some oil and gas blocks, including Ibul, Tonga, Air Komering, Seingangka-Senipah, Suci and East Kangean.
Budi once stated that his company shall utilize the fresh fund derived from such non-preemptive rights to settle its promissory notes (PN). The notes are the debt of Capitalinc’s newly acquired companies
“Investors requires the Debt Equity Ration to be lower than the current rate,” he said yesterday.
Based on the company’s trading database on Tuesday, the MTFN-coded share was closed at IDR1,500 , retreated by IDR100 or 6.25%, leaving the market capitalization at IDR1.09 trillion.
In the information disclosure submitted to IDX, the company apparently has appointed PT Madani Securities as its financial consultant.
Adding to that, Capitalinc plans to use half of the fresh funds generated from such corporate action to provide capital to its oil and gas subsidiary.
Capitalinc delayed the plan to conduct stock split that was scheduled in its extraordinary shareholder meeting as it still reviews the notion to hold a right issue by next year. (t02/t03/wiw)
by: Wisnu Wijaya
JAKARTA: Parent company of Bakrie Group, PT Bakrie & Brothers Tbk (BNBR), could gain IDR929.28 billion from the swap agreement with Glencore International AG if Bakrie exercised the buyback option.
Bakrie & Brothers have option to buyback PT Bumi Resources Tbk (BUMI) stocks from Glencore International at IDR1,840 per share.
Bakrie & Brothers has managed a shares swap transaction agreement worth US$200 million with one of the global largest commodities player Glencore International AG.
The agreement, signed on June 26 2010, has made Glencore to be one of shareholders at Indonesia's largest thermal coal exporter Bumi.
The latest data shows that Glencore holds 4.98% stake or 968 million shares in Bumi Resources (before non-preemptive rights).
Based on Bakrie & Brothers's June financial report, under the swap agreement, Bakrie has rights to buyback Bumi shares from Glencore within 2 years.
Bumi stocks today surged 7.69% to IDR2,800 per share. If Bakrie would exercise the buyback option and sell the stocks at the current market price, the company could bag IDR929.28 billion cash. (wiw)
Bakrie & Brothers have option to buyback PT Bumi Resources Tbk (BUMI) stocks from Glencore International at IDR1,840 per share.
Bakrie & Brothers has managed a shares swap transaction agreement worth US$200 million with one of the global largest commodities player Glencore International AG.
The agreement, signed on June 26 2010, has made Glencore to be one of shareholders at Indonesia's largest thermal coal exporter Bumi.
The latest data shows that Glencore holds 4.98% stake or 968 million shares in Bumi Resources (before non-preemptive rights).
Based on Bakrie & Brothers's June financial report, under the swap agreement, Bakrie has rights to buyback Bumi shares from Glencore within 2 years.
Bumi stocks today surged 7.69% to IDR2,800 per share. If Bakrie would exercise the buyback option and sell the stocks at the current market price, the company could bag IDR929.28 billion cash. (wiw)
by: Nana Oktavia Musliana
JAKARTA: The export value of 27 countries in European Union to US market in the first half of 2010 showed a recovery with surplus in trade in goods almost doubling from same period last year.
The EU exports rose to 114 billion euro in January-June 2010 from 102 billion euro at same period in 2009. Surplus in trade in goods with US widened to 32 billion euro from 17 billion euro in the same period.
Machinery and vehicles accounted for almost 40% of EU27 exports to the US market in the first half of 2010, followed by chemicals with one quarter and other manufactured goods with one fifth. Machinery and vehicles also accounted for 40% of imports, while chemicals and other manufactured goods represented around one fifth each. Imports of 27 EU countries fell to 82 billion euro from 85 billion euro in 2009.
Largest surpluses were recorded by Germany, Ireland, Italy and the United Kingdom.
Among the EU member states, Germany with 30 billion euro or 27% of EU exports of goods was by far the largest exporter to the US in the first half of 2010, followed by the United Kingdom with 18 billion euro or 16%, France with 11 billion euro or 10%, Italy with 10 billion or 9%, Ireland and Belgium both by 9 billion or 8%.
In the meantime, as showed in the press release at the EU website, Germany and the United Kingdom were the largest importers with 15 billion euro or 18% of EU imports each, followed by the Netherlands with 13 billion euro or 16% and France with 10 billion or 12%.
New customs rules
Yesterday, European Commission announced the adoption of a regulation revising rules of origin for products imported under the generalised system of preferences (GSP).
This regulation relaxes and simplifies rules and procedures for developing countries wishing to access the EU's preferential trade arrangements, while ensuring the necessary controls are in place to prevent fraud.
Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit said that by updating the EU’s rules of origin, they will help to ensure that developing countries really benefit from the trade preferences on offer to them," and that the world’s poorest don’t lose out due to unnecessary complexities in our systems," he added.
Rules of origin are used to determine whether imported goods really originate in countries covered by the EU's preferential trade arrangements, thereby making them eligible for a preferential customs tariff. The current rules of origin, which date back to the 1970s, have been criticised for being too complex, too stringent and out-of-date. The new rules of origin will apply from 1 January 2011. (NOM)
The EU exports rose to 114 billion euro in January-June 2010 from 102 billion euro at same period in 2009. Surplus in trade in goods with US widened to 32 billion euro from 17 billion euro in the same period.
Machinery and vehicles accounted for almost 40% of EU27 exports to the US market in the first half of 2010, followed by chemicals with one quarter and other manufactured goods with one fifth. Machinery and vehicles also accounted for 40% of imports, while chemicals and other manufactured goods represented around one fifth each. Imports of 27 EU countries fell to 82 billion euro from 85 billion euro in 2009.
Largest surpluses were recorded by Germany, Ireland, Italy and the United Kingdom.
Among the EU member states, Germany with 30 billion euro or 27% of EU exports of goods was by far the largest exporter to the US in the first half of 2010, followed by the United Kingdom with 18 billion euro or 16%, France with 11 billion euro or 10%, Italy with 10 billion or 9%, Ireland and Belgium both by 9 billion or 8%.
In the meantime, as showed in the press release at the EU website, Germany and the United Kingdom were the largest importers with 15 billion euro or 18% of EU imports each, followed by the Netherlands with 13 billion euro or 16% and France with 10 billion or 12%.
New customs rules
Yesterday, European Commission announced the adoption of a regulation revising rules of origin for products imported under the generalised system of preferences (GSP).
This regulation relaxes and simplifies rules and procedures for developing countries wishing to access the EU's preferential trade arrangements, while ensuring the necessary controls are in place to prevent fraud.
Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-Fraud and Audit said that by updating the EU’s rules of origin, they will help to ensure that developing countries really benefit from the trade preferences on offer to them," and that the world’s poorest don’t lose out due to unnecessary complexities in our systems," he added.
Rules of origin are used to determine whether imported goods really originate in countries covered by the EU's preferential trade arrangements, thereby making them eligible for a preferential customs tariff. The current rules of origin, which date back to the 1970s, have been criticised for being too complex, too stringent and out-of-date. The new rules of origin will apply from 1 January 2011. (NOM)
by: Irsad Sati
JAKARTA: Coordinating Minister for Economic Affairs Hatta Rajasa said that Indonesia needs to improve its competitiveness to tap foreign investment.
According to him, there is a huge amount of money in some countries ready to flow into prospective markets. At a meeting with Bank Indonesia recently, he said, US has US$600 billion fund seeking opportunities in investment destination countries.
"If we have accomodating investment climate, it may flow into our country. There is no need to be panic with the foreign inflow as long as we can direct it to best investment," he stated in Cikeas, Bogor, yesterday.
Hatta saw opportunity to direct it to long-term investment, including infrastructure bond to be released by the government.
"We can issue it but now it is still in discussion. We want it [foreign inflow] not to target government bond only," he added. (NOM)
According to him, there is a huge amount of money in some countries ready to flow into prospective markets. At a meeting with Bank Indonesia recently, he said, US has US$600 billion fund seeking opportunities in investment destination countries.
"If we have accomodating investment climate, it may flow into our country. There is no need to be panic with the foreign inflow as long as we can direct it to best investment," he stated in Cikeas, Bogor, yesterday.
Hatta saw opportunity to direct it to long-term investment, including infrastructure bond to be released by the government.
"We can issue it but now it is still in discussion. We want it [foreign inflow] not to target government bond only," he added. (NOM)
by: Ratna Ariyanti
JAKARTA: PT Perkebunan Nusantara II (PTPN II) issued a medium term notes (MTN) in the amount of IDR150 billion.
The MTN I PTPN II/2010 will mature on 18 January 2012.
Director of PT Kustodian Sentral Efek Indonesia Sulistyo Budi said in a press release that the MTN offers fixed interest rate at 10.45%.
The first interest payment will be made on 18 February 2011 and the payment then will be made every three month.
Corporate bond issuance, including conventional bond, corporate sukuk (Islamic bond) and MTN this year is projected to reach IDR37.127 trillion or grow by 31.15% compared to IDR28.308 trillion last year. (NOM)
The MTN I PTPN II/2010 will mature on 18 January 2012.
Director of PT Kustodian Sentral Efek Indonesia Sulistyo Budi said in a press release that the MTN offers fixed interest rate at 10.45%.
The first interest payment will be made on 18 February 2011 and the payment then will be made every three month.
Corporate bond issuance, including conventional bond, corporate sukuk (Islamic bond) and MTN this year is projected to reach IDR37.127 trillion or grow by 31.15% compared to IDR28.308 trillion last year. (NOM)
by: Bambang P. Jatmiko & Rudi Ariffianto
JAKARTA: State Electricity Company PLN (Ltd) is among the candidates to operate the assets of PT Indonesia Aluminium (Inalum) together with PT Aneka Tambang Tbk and state-owned securities firms.
State Minister for State-owned Enterprises (SOEs) Mustafa Abubakar said the ministry at the moment was still waiting for the response from the Asahan Authority to the letter that the Ministry had sent recently.
"To submit the proposal to take over Inalum to be operated by SOE, we still have to wait for the response from the Asahan Authority," he informed yesterday.
According to Mustafa, PLN probably would only operate Asahan hydro-fired power plant, while the aluminum plant would be operated by Antam and the security firms that helped funding the takeover.
Among some state-owned securities firms proposing to help funding Inalum are PT Danareksa Sekuritas, PT Bahana Securities, and the Assets Management Company (PPA).
The government controls a 41.12% stake in Inalum, while the rest is owned by the consortium of Japanese companies under Nippon Asahan Aluminium (NAA).
NAA has submitted a proposal asking for extension for the contract on Inalum, which will expire in 2013. The bidding proposals from SOEs are scheduled to be enclosed by October 2010.
However, Mustafa said the Ministry had not submitted the proposal. Negotiation cancelled In the meantime, the preliminary negotiation over Inalum with Japan, scheduled initially for today, will be cancelled since the presidential decree on the negotiating team has not yet been issued.
On the other hand, the team from the Japanese Ministry of Industry and International Trade is touted to have already arrived in Indonesia for the negotiation.
"I have asked the negotiation to be delayed until the Presidential Decree (Keppres) is issued," said Minister of Industry M. S. Hidayat. One Bisnis source confided there were two Keppres drafts at the Cabinet Secretariat.
The first draft contains the proposal from the Coordinating Ministry for Economic Affairs team and the second one contains the Ministry of Industry's proposal to the Coordinating Minister for Economic Affairs, the copy of which was sent to the Cabinet Secretariat.
Coordinating Minister for Economic Affairs Hatta Rajasa informed Bisnis via SMS that the negotiating team was proposed to be chaired by two cabinet ministers, namely the Minister of Industry and the State Minister for SOEs.
In the meantime, the Coordinating Minister for Economic Affairs would serve as the steering chairperson. Yesterday, there was rumor circulating that the negotiating team would be directly chaired by Vice President Boediono.
However, the rumor could not yet be confirmed. Previously, Chairperson of the Asahan Authority Effendy Sirait said based on the letter of the State Minister for SOEs dated October 29, the Asahan Authority had sent a letter to Inalum asserting the government's decision to take over 100% shares in Inalum.
On the other hand, he continued, the NAA had responded the letter and treated it as Indonesia's official position.
"The NAA considers the content of the letter the government's stance. They still hope for rooms to negotiate."
Article 27 clause 10 of the master agreement reads that the NAA has a right to negotiate period extension for the smelter operation since three years prior to the contract expiry date.
The request for the extension has to be followed by new significant investments to bolster innovation and expand smelter.
To support Indonesia's position, he inserted, the government through the technical team assembled by the Ministry of Industry was preparing several options to know whether the negotiation was worth continuing or whether the master agreement should be terminated. (wiw)
State Minister for State-owned Enterprises (SOEs) Mustafa Abubakar said the ministry at the moment was still waiting for the response from the Asahan Authority to the letter that the Ministry had sent recently.
"To submit the proposal to take over Inalum to be operated by SOE, we still have to wait for the response from the Asahan Authority," he informed yesterday.
According to Mustafa, PLN probably would only operate Asahan hydro-fired power plant, while the aluminum plant would be operated by Antam and the security firms that helped funding the takeover.
Among some state-owned securities firms proposing to help funding Inalum are PT Danareksa Sekuritas, PT Bahana Securities, and the Assets Management Company (PPA).
The government controls a 41.12% stake in Inalum, while the rest is owned by the consortium of Japanese companies under Nippon Asahan Aluminium (NAA).
NAA has submitted a proposal asking for extension for the contract on Inalum, which will expire in 2013. The bidding proposals from SOEs are scheduled to be enclosed by October 2010.
However, Mustafa said the Ministry had not submitted the proposal. Negotiation cancelled In the meantime, the preliminary negotiation over Inalum with Japan, scheduled initially for today, will be cancelled since the presidential decree on the negotiating team has not yet been issued.
On the other hand, the team from the Japanese Ministry of Industry and International Trade is touted to have already arrived in Indonesia for the negotiation.
"I have asked the negotiation to be delayed until the Presidential Decree (Keppres) is issued," said Minister of Industry M. S. Hidayat. One Bisnis source confided there were two Keppres drafts at the Cabinet Secretariat.
The first draft contains the proposal from the Coordinating Ministry for Economic Affairs team and the second one contains the Ministry of Industry's proposal to the Coordinating Minister for Economic Affairs, the copy of which was sent to the Cabinet Secretariat.
Coordinating Minister for Economic Affairs Hatta Rajasa informed Bisnis via SMS that the negotiating team was proposed to be chaired by two cabinet ministers, namely the Minister of Industry and the State Minister for SOEs.
In the meantime, the Coordinating Minister for Economic Affairs would serve as the steering chairperson. Yesterday, there was rumor circulating that the negotiating team would be directly chaired by Vice President Boediono.
However, the rumor could not yet be confirmed. Previously, Chairperson of the Asahan Authority Effendy Sirait said based on the letter of the State Minister for SOEs dated October 29, the Asahan Authority had sent a letter to Inalum asserting the government's decision to take over 100% shares in Inalum.
On the other hand, he continued, the NAA had responded the letter and treated it as Indonesia's official position.
"The NAA considers the content of the letter the government's stance. They still hope for rooms to negotiate."
Article 27 clause 10 of the master agreement reads that the NAA has a right to negotiate period extension for the smelter operation since three years prior to the contract expiry date.
The request for the extension has to be followed by new significant investments to bolster innovation and expand smelter.
To support Indonesia's position, he inserted, the government through the technical team assembled by the Ministry of Industry was preparing several options to know whether the negotiation was worth continuing or whether the master agreement should be terminated. (wiw)
by: Nurbaiti
JAKARTA: The Ministry of Energy and Mineral Resources (ESDM) hopes the sale prices of gas from Donggi-Senoro field, Central Sulawesi, offered to domestic as well as foreign buyers can be competitive.
Minister of Energy and Mineral Resources Darwin Zahedy Saleh revealed he had approved to allocate 72% of gas from Donggi-Senoro field or 300 BBTUD to be exported and the rest 28% or 115 BBTUD to cater to domestic needs.
However, the ministry through the technical team at the moment was still completing the evaluation and negotiation of the prices for each buyer.
"I don't remember the details about the prices. However, we certainly hope for the best prices, which will be negotiated," he said yesterday.
Darwin explained the 72% figure for export had already put into account the need of domestic gas buyers.
"Eleven percent will go to State Electricity Company PLN [Ltd] and seven percent will go to fertilizer plants. It means that we have showed concrete action to show the spirit of allocating gas to cater to domestic needs. It is no longer a discourse."
Economic factor On the other hand, he explained, participation from investors was also needed to develop domestic gas.
However, he added, investors surely would put into account the economies-of-scale of gas fields in deciding whether it would be feasible for them to make investments or not.
"For certain fields, such as Donggi-Senoro, they will be uneconomical and unattractive for investors to develop if the entire gas is only allocated to cater to domestic needs, according to the technical team of the Directorate General of Oil and Gas. Therefore, we need to mix it with export."
Besides, Darwin added, the decision on the allocation of gas from Donggi-Senoro had been in line with the result of the meeting with Vice President Boediono some times ago.
"So, I decide to agree with the technical recommendation, namely to allocate 30% of the production to cater to domestic needs and 70% to be exported. That's my decision based on the result of the meeting with the Vice President," told Darwin.
Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Evita Herawati Legowo disclosed the government indeed had finished discussing the allocation of gas from Donggi-Senoro.
"However, the sale prices still need further discussion. We will use some formula."
Previously, Head of the Upstream Oil and Gas Regulatory Agency R. Priyono sent his recommendation regarding to which gas from Donggi-Senoro should be allocated.
Based on the recommendation, the gas should go to PT PLN (60 BBTUD), PT Panca Amara Utama (PAU, 55 BBTUD), and PT Donggi Senoro LNG (DS LNG, 300 BBTUD).
The recommendation is to follow-up the letter of Minister of Energy Darwin Zahedy Saleh 4186/ 13/MEM.M/2010/2010 on Donggi-Senoro gas development project.
The letter reads that the government through the Minister of Energy and Mineral Resources decides to allocate, if possible, the entire gas from Donggi Senoro to cater to domestic needs or, based on the technical and economic aspects, allocate 25%-30% to cater to domestic needs. (wiw)
Minister of Energy and Mineral Resources Darwin Zahedy Saleh revealed he had approved to allocate 72% of gas from Donggi-Senoro field or 300 BBTUD to be exported and the rest 28% or 115 BBTUD to cater to domestic needs.
However, the ministry through the technical team at the moment was still completing the evaluation and negotiation of the prices for each buyer.
"I don't remember the details about the prices. However, we certainly hope for the best prices, which will be negotiated," he said yesterday.
Darwin explained the 72% figure for export had already put into account the need of domestic gas buyers.
"Eleven percent will go to State Electricity Company PLN [Ltd] and seven percent will go to fertilizer plants. It means that we have showed concrete action to show the spirit of allocating gas to cater to domestic needs. It is no longer a discourse."
Economic factor On the other hand, he explained, participation from investors was also needed to develop domestic gas.
However, he added, investors surely would put into account the economies-of-scale of gas fields in deciding whether it would be feasible for them to make investments or not.
"For certain fields, such as Donggi-Senoro, they will be uneconomical and unattractive for investors to develop if the entire gas is only allocated to cater to domestic needs, according to the technical team of the Directorate General of Oil and Gas. Therefore, we need to mix it with export."
Besides, Darwin added, the decision on the allocation of gas from Donggi-Senoro had been in line with the result of the meeting with Vice President Boediono some times ago.
"So, I decide to agree with the technical recommendation, namely to allocate 30% of the production to cater to domestic needs and 70% to be exported. That's my decision based on the result of the meeting with the Vice President," told Darwin.
Director General of Oil and Gas at the Ministry of Energy and Mineral Resources Evita Herawati Legowo disclosed the government indeed had finished discussing the allocation of gas from Donggi-Senoro.
"However, the sale prices still need further discussion. We will use some formula."
Previously, Head of the Upstream Oil and Gas Regulatory Agency R. Priyono sent his recommendation regarding to which gas from Donggi-Senoro should be allocated.
Based on the recommendation, the gas should go to PT PLN (60 BBTUD), PT Panca Amara Utama (PAU, 55 BBTUD), and PT Donggi Senoro LNG (DS LNG, 300 BBTUD).
The recommendation is to follow-up the letter of Minister of Energy Darwin Zahedy Saleh 4186/ 13/MEM.M/2010/2010 on Donggi-Senoro gas development project.
The letter reads that the government through the Minister of Energy and Mineral Resources decides to allocate, if possible, the entire gas from Donggi Senoro to cater to domestic needs or, based on the technical and economic aspects, allocate 25%-30% to cater to domestic needs. (wiw)
by: Vega Aulia Pradipta
JAKARTA: Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) gave a total IDR4 billion penalty to directors from three Bakrie Group’s subsidiaries and PT Benakat Petroleum Energy Tbk (BIPI) on violations of capital market laws and regulations.
Those Bakrie Group’s subsidiaries are PT Energi Mega Persada Tbk (ENRG), PT Bakrie and Brothers Tbk (BNBR) and PT Bakrie Sumatera Plantations Tbk (UNSP), which get fined IDR1 billion each. Benakat also received the same amount of penalty.
Head of Committee on Sanctions and Objections at Bapepam-LK Robinson Simbolon said that those companies has violated the rules on general accountancy principles for company financial reports, either 2009 annual financial report or 2010 first quarterly financial report, Regulation No. VIII.G.7, Statement of Financial Accounting Standards (PSAK) No.1 and No. 8.
“Besides, the penalty is given for violating regulations on Utilization Report of Public Offering Fund and Material Transactions, i.e. Regulation No. X.K.4 and No. IX.E.2,” Robinson said in a press release today.
The application of general accounting principles was related to the admittance and presentation of deposits in certain amount, coming from public offering/rights issue.
In fact, such deposits are available no more or have been derived into other form of investment valuing from IDR867 billion to IDR3.334 trillion.
“Failure in presenting it may cause invalid Utilization Report of Public Offering Fund and Material Transactions,” he said.
Furthermore, there is a violation of Regulation on material transaction and change in core business. The violation was a transaction as much as IDR2.68 trillion to buy stock in a pre-emptive rights issue without approval from General Meeting of Shareholders.
The transaction was made to keep the percentage of ownership.
In this case, the supervisory agency (Bapepam-LK) gives administrative penalty to board of directors from those companies, as they are responsible to company management, including the presentation, release and validity of the content and information written in financial reports, either 2009 annual financial report or 2010 first quarterly financial report. (t04/wiw)
Those Bakrie Group’s subsidiaries are PT Energi Mega Persada Tbk (ENRG), PT Bakrie and Brothers Tbk (BNBR) and PT Bakrie Sumatera Plantations Tbk (UNSP), which get fined IDR1 billion each. Benakat also received the same amount of penalty.
Head of Committee on Sanctions and Objections at Bapepam-LK Robinson Simbolon said that those companies has violated the rules on general accountancy principles for company financial reports, either 2009 annual financial report or 2010 first quarterly financial report, Regulation No. VIII.G.7, Statement of Financial Accounting Standards (PSAK) No.1 and No. 8.
“Besides, the penalty is given for violating regulations on Utilization Report of Public Offering Fund and Material Transactions, i.e. Regulation No. X.K.4 and No. IX.E.2,” Robinson said in a press release today.
The application of general accounting principles was related to the admittance and presentation of deposits in certain amount, coming from public offering/rights issue.
In fact, such deposits are available no more or have been derived into other form of investment valuing from IDR867 billion to IDR3.334 trillion.
“Failure in presenting it may cause invalid Utilization Report of Public Offering Fund and Material Transactions,” he said.
Furthermore, there is a violation of Regulation on material transaction and change in core business. The violation was a transaction as much as IDR2.68 trillion to buy stock in a pre-emptive rights issue without approval from General Meeting of Shareholders.
The transaction was made to keep the percentage of ownership.
In this case, the supervisory agency (Bapepam-LK) gives administrative penalty to board of directors from those companies, as they are responsible to company management, including the presentation, release and validity of the content and information written in financial reports, either 2009 annual financial report or 2010 first quarterly financial report. (t04/wiw)
JAKARTA: The manufacturer of bottled drink water brands, like Ades and Nestle Pure Life International, PT Akasha Wira International Tbk, has secured a loan from PT Bank Internasional Indonesia Tbk as much as IDR200 billion at maximum.
In the listed company\'s announcement on a information disclosure posted on Indonesia Stock Exchange\'s official site today, part of the loan which was signed on September 2 will be used to acquire assets of hair cosmetics company, PT Damai Sejahtera Mulia Tbk, valuing US$5 million. The amount is equivalent to IDR45 billion, according to the company\'s calculation.
"A total of IDR35 billion will be used to acquire assets of Damai Sejahtera," said the company.
The company will also use internal fund as much as IDR13.5 billion to support the acquisition plan.
Besides, the acquisition plan, the company will also use IDR70 billion of the bank loan for an investment purpose, repayment of long-term debt amounting IDR65 billion, the general expenses IDR15 billion, and the remaining IDR50 billion will be used as a working capital.(T03/NOM)
In the listed company\'s announcement on a information disclosure posted on Indonesia Stock Exchange\'s official site today, part of the loan which was signed on September 2 will be used to acquire assets of hair cosmetics company, PT Damai Sejahtera Mulia Tbk, valuing US$5 million. The amount is equivalent to IDR45 billion, according to the company\'s calculation.
"A total of IDR35 billion will be used to acquire assets of Damai Sejahtera," said the company.
The company will also use internal fund as much as IDR13.5 billion to support the acquisition plan.
Besides, the acquisition plan, the company will also use IDR70 billion of the bank loan for an investment purpose, repayment of long-term debt amounting IDR65 billion, the general expenses IDR15 billion, and the remaining IDR50 billion will be used as a working capital.(T03/NOM)
JAKARTA: Indonesian Retailers Association (Aprindo) estimates the profit of modern outlets to reach at the very least IDR100 trillion following the growing shopping interest among domestic consumers.
Head of Data and Information Department of Aprindo Roy N. Mandey said that the growing shopping interest is in line with Indonesia’s economic growth, the improved consumer confidence index as well as the single-digit inflation level.
“Aprindo is optimistic that such positive and conducive environments [stronger economic growth] enable our company to reach the minimum target at IDR100 trillion in 2010,” said Roy today.
He further added that the operating income of modern stores reached more than IDR77 trillion during 2009, making this year’s projected profit at IDR100 trillion much more significant.
In the meantime, the number of modern outlets in Indonesia have reached 7,000-8,000 outlets.
The growing consumption this year shall encourage Indonesia’s modern retailers to add their outlets. Prior to this, the modern retailers preferred to hold their expansion steps following the global crisis. (T02/NOM)
Head of Data and Information Department of Aprindo Roy N. Mandey said that the growing shopping interest is in line with Indonesia’s economic growth, the improved consumer confidence index as well as the single-digit inflation level.
“Aprindo is optimistic that such positive and conducive environments [stronger economic growth] enable our company to reach the minimum target at IDR100 trillion in 2010,” said Roy today.
He further added that the operating income of modern stores reached more than IDR77 trillion during 2009, making this year’s projected profit at IDR100 trillion much more significant.
In the meantime, the number of modern outlets in Indonesia have reached 7,000-8,000 outlets.
The growing consumption this year shall encourage Indonesia’s modern retailers to add their outlets. Prior to this, the modern retailers preferred to hold their expansion steps following the global crisis. (T02/NOM)
by: Yeni H. Simanjuntak
JAKARTA: PT Bank Negara Indonesia (Persero) Tbk booked IDR2.95 trillion net income, soaring 59.26%, during the first nine months this year compared to the same period last year, amounting IDR1.85 trillion.
BNI’s consolidated financial report published today showed the company’s net interest revenue reached IDR8.61 trillion as per 30 September 2010 from IDR8.09 trillion in the end of the third quarter of 2009.
In the meantime its operating expenses excluding net interest income declined to IDR4.76 trillion from last year’s IDR6.04 trillion, making the operating income of the state lender soar from IDR2.26 trillion to IDR4.24 trillion.
The company’s total asset augmented from IDR203.06 trillion last year to IDR224.81 trillion.
Apart from that, BNI’s gross non-performing loan (NPL) declined from 6.35% to 4.37% as its net NPL slipped from 1.9% during the third quarter last year to 0.74%.
Government controls 73.26% shares of BNI while the remaining 26.74% is owned by public.
The completion of the financial statement happens to be one of the requirements for the bank which plans to hold a rights issue by December.
BNI plans to issue 3.37 billion new shares or around 18.10% merely to increase the public share ownership into 40% or 7.46 billion from the assumed outstanding shares. (T02/NOM)
BNI’s consolidated financial report published today showed the company’s net interest revenue reached IDR8.61 trillion as per 30 September 2010 from IDR8.09 trillion in the end of the third quarter of 2009.
In the meantime its operating expenses excluding net interest income declined to IDR4.76 trillion from last year’s IDR6.04 trillion, making the operating income of the state lender soar from IDR2.26 trillion to IDR4.24 trillion.
The company’s total asset augmented from IDR203.06 trillion last year to IDR224.81 trillion.
Apart from that, BNI’s gross non-performing loan (NPL) declined from 6.35% to 4.37% as its net NPL slipped from 1.9% during the third quarter last year to 0.74%.
Government controls 73.26% shares of BNI while the remaining 26.74% is owned by public.
The completion of the financial statement happens to be one of the requirements for the bank which plans to hold a rights issue by December.
BNI plans to issue 3.37 billion new shares or around 18.10% merely to increase the public share ownership into 40% or 7.46 billion from the assumed outstanding shares. (T02/NOM)
by: Wisnu Wijaya
TOKYO: PT Mitra Adiperkasa Tbk (MAP), a retail company, recorded a sales income (before consignment expenses and excluding rental revenue from department stores) of about IDR3.98 trillion in the first eight months in 2010, rising 12.47% from the same period last year.
Fetty Kwartati, Head of Mitra Adiperkasa Investor relations, said the higher sales figure was boosted by the development of Indonesia’s retail sector.
“We were experiencing a better performance in the first half of 2010 and retail sector in Indonesia is indeed attractive,” she said during one-on-one meeting with Japanese investor, today.
The owner of Sogo, Seibu, Debenhams and Starbucks licenses booked an operating profit of about IDR186 billion this June, rising 51.7% from IDR123 billion recorded at the same period last year.
She also informed this year capital expenditure may reach IDR250 billion–IDR300 billion.(T05/NOM)
Fetty Kwartati, Head of Mitra Adiperkasa Investor relations, said the higher sales figure was boosted by the development of Indonesia’s retail sector.
“We were experiencing a better performance in the first half of 2010 and retail sector in Indonesia is indeed attractive,” she said during one-on-one meeting with Japanese investor, today.
The owner of Sogo, Seibu, Debenhams and Starbucks licenses booked an operating profit of about IDR186 billion this June, rising 51.7% from IDR123 billion recorded at the same period last year.
She also informed this year capital expenditure may reach IDR250 billion–IDR300 billion.(T05/NOM)
JAKARTA: Jakarta Composite Index (JCI), Indonesia’s benchmark index, declined by 21,447 points to 3,597.03 in the closing session after standing at 3,619.47 in the previous session. The index moved within the range of 3,584.78 and 3,619.46.
Out of 412 stocks sustaining the index, 88 stocks rose, 122 stocks retreated and the remaining 202 stocks were unchanged.
PT Unilever Indonesia Tbk become the leading contributor to the index’s drop by giving 6.686 points of negative contribution, followed by PT Bank Central Asia Tbk with 4.479 points and PT Bank Rakyat Indonesia Tbk with 3.735 points.
Some stocks restraining the index from further drop were PT Indo Tambangraya Tbk with 3.317 points of positive contribution, PT Adaro Energy Tbk with 1.956 points, PT Perusahaan Gas Negara Tbk with 1.483 points and PT Bank Mandiri Tbk with 1.270 points.
Today’s drop was also reflected by the negative performances of six out of nine industries sustaining the index. Consumer good sector became the leading negative contributor to today’s drop with 41.36%, followed by financial sector with 39.77%, miscellaneous industry with 33.93%, agricultural sector with 5.37%, trade and service industry with 4.58% and utility, infrastructure and transportation with 4.33%.
Three other sectors retaining the index from the drop were basic industry and chemical with 1.31% positive contribution, followed by property, construction and real estate with 6.32% and mining industry with 23.95%.
Apparently, BISNIS-27 Index also posted similar decline by retreating 2.480 points, from 352.53 to 322.91 in the closing session. The index swung within the range of 321.65 and 325.53. (T02/NOM)
Out of 412 stocks sustaining the index, 88 stocks rose, 122 stocks retreated and the remaining 202 stocks were unchanged.
PT Unilever Indonesia Tbk become the leading contributor to the index’s drop by giving 6.686 points of negative contribution, followed by PT Bank Central Asia Tbk with 4.479 points and PT Bank Rakyat Indonesia Tbk with 3.735 points.
Some stocks restraining the index from further drop were PT Indo Tambangraya Tbk with 3.317 points of positive contribution, PT Adaro Energy Tbk with 1.956 points, PT Perusahaan Gas Negara Tbk with 1.483 points and PT Bank Mandiri Tbk with 1.270 points.
Today’s drop was also reflected by the negative performances of six out of nine industries sustaining the index. Consumer good sector became the leading negative contributor to today’s drop with 41.36%, followed by financial sector with 39.77%, miscellaneous industry with 33.93%, agricultural sector with 5.37%, trade and service industry with 4.58% and utility, infrastructure and transportation with 4.33%.
Three other sectors retaining the index from the drop were basic industry and chemical with 1.31% positive contribution, followed by property, construction and real estate with 6.32% and mining industry with 23.95%.
Apparently, BISNIS-27 Index also posted similar decline by retreating 2.480 points, from 352.53 to 322.91 in the closing session. The index swung within the range of 321.65 and 325.53. (T02/NOM)
TOKYO: PT Indika Energy Tbk (INDY) will obtain US$59.8 million dividend from its business unit, PT Kideco Jaya Agung, this month.
The additional cash was originated from the second-phase dividend oaid by the coal-thermal mining producer, Kideco.
“Indika earned US$128.8 million dividend from Kideco through two phases of payment. We receive the second payment this month,” said Vice President of Investor Relations Indika Retina Rosabai to Bisnis amidst the one-on-one meeting with the clients of Daiwa Capital Markets today.
The divided was derived from Kideco’s net profit last year when Indika, controlling 46% shares of Kideco, owned a total dividend of US$128.8 million. Besides Indika, around 49% shares of Kideco was owned by Samtam Co Ltd while the remaining 5% was owned by Muji Inti Utama, an affiliation company from Bayan Resources group.
Kideco booked US$288 million net income last year. The total dividend granted to its three shareholder reached US$280 million.
Samtan received US$137.2 million dividend from Kideco, while Muji Utama earned US$14 million dividend.
Kideco estimates to book US$347.9 million net profit this year, rising 20.8% compared to the same period last year amounting US$287.9 million. The company’s net revenue may grow by 27.2% this year, from US$1.31 billion to US$1.67 billion.
Kideco targets its brick production volume to reach 29 million tons in 2010, rising by 17.4% from last year’s 24.7 million tons.
Kideco owns 579 million ton coal reserves with 1.14 billion ton resources. (T02/NOM)
The additional cash was originated from the second-phase dividend oaid by the coal-thermal mining producer, Kideco.
“Indika earned US$128.8 million dividend from Kideco through two phases of payment. We receive the second payment this month,” said Vice President of Investor Relations Indika Retina Rosabai to Bisnis amidst the one-on-one meeting with the clients of Daiwa Capital Markets today.
The divided was derived from Kideco’s net profit last year when Indika, controlling 46% shares of Kideco, owned a total dividend of US$128.8 million. Besides Indika, around 49% shares of Kideco was owned by Samtam Co Ltd while the remaining 5% was owned by Muji Inti Utama, an affiliation company from Bayan Resources group.
Kideco booked US$288 million net income last year. The total dividend granted to its three shareholder reached US$280 million.
Samtan received US$137.2 million dividend from Kideco, while Muji Utama earned US$14 million dividend.
Kideco estimates to book US$347.9 million net profit this year, rising 20.8% compared to the same period last year amounting US$287.9 million. The company’s net revenue may grow by 27.2% this year, from US$1.31 billion to US$1.67 billion.
Kideco targets its brick production volume to reach 29 million tons in 2010, rising by 17.4% from last year’s 24.7 million tons.
Kideco owns 579 million ton coal reserves with 1.14 billion ton resources. (T02/NOM)
