Oil production in Tempino-Plaju Disetop For Looting, Stock Fuel Safe

PT Pertamina (Persero) South Sumatra asked people not to panic about the availability of fuel oil (BBM). Pertamina guarantee enough stock of fuel, although oil production of pipe-Plaju Tempino stopped due to looting or theft.

“There’s no problem so stock enough for South Sumatra,” said Pertamina’s Marketing and Commercial Director Hanung Budya during the discussion with the media at the Hotel Grand Hyatt, Jakarta, Tuesday (07/30/2013).

According to Hanung, crude oil production (crude oil) from Tempino-Plaju only 12,000 barrels / day or 2,000 kiloliters (KL) crude oil refined per day. Of that number only 70% or 1,400 KL which can be fuel oil (BBM).

While the current stock of fuel remaining 4 million KL. Production of oil through pipelines Tempino-Plaju accidentally closed by Pertamina due to rampant theft of crude oil in the region.

“So 2,000 KL of crude oil produced, 70% is a fuel, or about 1,400 KL per day. Stock fuel we’re still 4 million KL. 1,400 KL less if need, there’s no problem. So enough stock,” he added.

Pertamina continues to check and re-look at the inventory and increase the amount of fuel consumption especially before Eid. However, if the fuel is not sufficient, it is ready to bring up to 200,000 barrels of fuel imports.

“We continue to check every day we have to keep a minimum stock. Cessation of operations actually no impact on fuel supplies in South Sumatra. Reduced if indeed we are probably going to import one cargo of 200,000 barrels and finished (are wrong),” Hanung said.

Buy New Machine for Sugar Factory Sidoarjo, PTPN X dug Rp 145 Billion

Plantations PT Nusantara X (Persero) drizzle investment of Rp 145.3 billion to revitalize the sugar mill (PG) in PG Krembong, Sidoarjo. Investment includes the purchase of new machinery to increase capacity of 1,600 tons of cane per day (TCD) to 2,300 TCD.

Director of PTPN X Subiyono said the importance of pushing the PG to increase production capacity. Because there are 1847 sugar mills with small capacity in Indonesia. Where one of them is PG Krembong.

“Revitalization PG Kremboong will be PG-capacity model of the development of small to medium scale PG with large-scale business that is not only sugar but also produce electricity,” said Subiyono in a statement on Sunday (06/09/2013).

Prior PG Kremboong has 18 units of manual machines. Later changed to 2 units of automatic machine with a capacity of 1,500 kilograms per cycle. Sugar packing machine changed from an open to a closed system, so the more sterile and increase sugar production hygiene.

The machine will also serve for storage of energy by using turbines with a capacity of 4MW alternator that can produce surplus electricity. 2014 is expected to be realized by the program co-generation process bagasse into electricity to be sold to PLN.

“Program co-generation at PG Kremboong is part of an effort to optimize the economic potential of sugar cane produces not only sugar.’s Co-generation program complements a similar program that has been and will be held in PG and PG Ngadiredjo New Pesantren, Kediri,” he explained

Next is the installation of the boiler efficiency of high-pressure steam, so as to reduce loss of 2.8 percent to 2.3 percent.

In terms of quality, whiteness levels according to the scale ICUMSA (International Commission for Uniform Methods of Sugar Analysis) will drop from 180 IU to 100 IU. ICUMSA is a class standards of quality (grade) of sugar color is determined by a set of IU or International Units. Sugar ICUMSA intervals ranging 45-4600 IU. The lower the ICUMSA, the bright colors of sugar, and sugar in general is increasingly good quality.

Subiyono stated, PG Kremboong development will be integrated with other PG PG-exist in Sidoarjo, namely PG and PG Watoetoelis Toelangan. PG The third cluster included in Delta.

“In the scheme clusters, PG Kremboong be central to the development of co-generation process bagasse into electricity. Watoetoelis PG and PG Toelangan will be the supplier of sugarcane pulp. Accordingly, there is no resource is wasted in each PG,” said Subiyono

In 2013, PG Krembong targeting production of 29316.9 tons with a yield of sugar (sugar cane) is expected to reach 8.36 percent. In 2012 production reached 20 039 tons of sugar, up 7.94 percent from a year ago about 18558.5 tons.

Sugarcane land area within PG Kremboong reach 3,365 hectares in 2012, and this year is targeted to increase to 4,117 hectares. PG Krembong recorded profit growth of Rp 4, 55 billion in 2011 to Rp10, 01 billion in 2012.

CPO production in 2013 Projected 27.5 Million Tons

Production of crude palm oil (CPO) is projected nationally at 27.5 million tonnes by the end of the year, an increase over 2012, which reached 26.5 million tonnes.
“Until the first half production was down about 6-7 percent. But usually the second half production rose, probably to around 27.5 million tonnes by December,” said Secretary General of the Indonesian Palm Oil Association (Gapki) Joko Supriyono in Jakarta on Sunday.
Thus, he continued, the national CPO production in 2013 will continue to grow, although only one million tons.
“The increase in production of one million tons of CPO (2013) was a moderate,” said Joko.
Though he acknowledges, national CPO production last year rose quite large about three million tonnes from the year 2011 amounted to 23.5 million tons. Weather factors, it called, simply influence CPO production this year.
CPO production growth are only one million tonnes, he added, have an impact on national CPO stocks projected down in Inia.
“Last year the stock of CPO reached about five million tonnes. Years estimated at around two million tonnes,” he said.
Due to the large stock of last year, until the first half of this year the national CPO exports, he said, continues to grow about 29 percent, although production in the same period down 6-7 percent.
“Exports account for about 10.6 million tonnes by the first half, continued to grow approximately 29 percent over the same period of 2012, because there is a carry-over of stock last year,” he said. .

Bank Permata Raup Rp 818 Billion Net Income, Grows 15%

Jakarta – PT Bank Permata Tbk recorded a net profit after tax (consolidated – unaudited) of Rp 818 billion in the first half of 2013, an increase of 15% over the same period in 2012.

Total operating income reached Rp 3,205 trillion in the first half of 2013, 12% higher than the same period last year of Rp 2,859 trillion, driven by good growth in net interest income and fee-based revenue (fee-based).

The net interest income grew 12% yoy to Rp 2,568 trillion, with sustained strong credit growth. While the revenue-based fee (fee-based income) rose 11% yoy to Rp 638 billion.

Director of Permata Bank, David Fletcher said the company’s operating performance improved strongly in the first half of 2013 was made possible through corporate discipline in carrying out the strategy.

“Permata Bank ended the period with a strong record of financial performance and good momentum in both segments of retail and corporate banking business (Retail and Wholesale Banking),” he said in a press release on Tuesday (07/30/2013).

The second half, continued David will bring a new challenge in the form of increased interest rates and the dynamics of the economy.

“Nevertheless, we believe that the Bank is in a good position amid this uncertainty,” he said.

In the first half of 2013, loans grew by 27% yoy from Rp 84.4 trillion at the end of June 2012 to Rp 106.9 trillion at the end of June 2013. Credit growth in almost all business segments, including strong growth in SME business, mortgage and lending to corporate and middle segments of the local market. Total assets reached Rp 144.3 trillion, up 31% yoy from Rp 110.6 trillion as of June 30, 2012.

More diverse funding base and grow sustainably. Third-party funds, including the Sharia – increased 32% yoy to Rp 116.1 trillion, where current and savings accounts (CASA) each recorded an increase of 16% yoy and 6% yoy. Meanwhile deposits recorded strong growth at 41% yoy. Sharia financing recorded a significant increase in the amount of 95% yoy.

Excellent credit quality reflects the Bank’s compliance to always keep the principle of prudence. Non Performing Loan (NPL) Gross improved to 1.2% as of June 30, 2013 compared to 1.6% in the previous year. Similarly, the net NPL has also improved to 0.4% from 0.5% in the same period last year.

Permata Bank also maintains a healthy level of capital to risk weighted assets (RWA) and ended the period with a Capital Adequacy Ratio (CAR) of 15.6%, up 232 bps compared to the previous year in spite of the strong credit expansion. Shareholders’ equity grew 35% yoy to Rp 13.2 trillion at the end of June 2013, supported by a limited public offering / PUT (Right Issue) by the Bank in the year 2012.

Home Industry Traditional Sweets Maker

Traditional sweets are made from natural ingredients appear to be increasingly eroded by a flood of candy-flavored modern candy, including candy imported from various countries. One of the traditional candy maker entrepreneurial surviving is Mr. Irwan (46 years old) with his wife, Sartini (40 years). Mr Irwan with his wife to be smart to look for solutions and innovations for the business they have done all these years, can remain on the level of business competition is increasingly high, especially the products are packed modern. One of the tactics that he did was to package sweets with lottery products. So, in a few candy wrappers which he tucked a small paper containing a number of prizes, like a toy car, pencil, small dolls, plastic cups, toys and gifts other children. With so many children, including teenagers who are interested in buying Mr Irwan production of traditional sweets that taste and smell pretty bad. Homemade candies Mr Irwan 100% made ​​from traditional. Confectionery products include: candied ginger, candied papaya, candied fruit and candied Blimbing of orange peel. In the production process, he was still using simple tools. The following briefly described one way of making the sweets, the candied ginger.

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.

Eid, Night Market Open Ngarsapura Nonstop 8 Days

SOLO-Welcomes the travelers on the upcoming Eid, Ngarsapura Night Market will be open non-stop for eight days. Targeted, turnover in the holiday season could reach Rp 50 million per night.

Night Market Traders Association chairman Ngarsapura, Sigit Sujatno convey, as in previous years, every Eid night market traders usually sell not only on Saturday night. Market plans to open in the next 7 to 14 August. On the day of Eid, the market remains open.
“All traders shall sell. 228 Total number of existing merchants in Ngarsapura. Required Otherwise, the market will look very ugly, because there is an empty space,” he said.
Event with the theme “Lebaran Ing Ngarsapura” is intended to target travelers who arrive from out of town. Therefore, he hoped traders can sell creative products. So that the travelers will also be impressed with the market presence.
Previous years, Ngarsapura can suck thousands of people in one night. Either before or after the day of Eid, the market will be crowded. Most visitors mainly come from outside Java. He estimates, the transaction valued at USD 50 million can happen overnight.
“We will evaluate how the achievement of future transactions. Perhaps not all will be recorded, but by sampling,” he said. The most hunted products pemudik jerseys usually are typical of Solo, also crafts that are not encountered in the overseas returnees.
Head of Department of Cooperatives and SMEs, Haryani Nur added that this event could be a means of promotion of the city through superior products. So he hoped traders can prepare a quality product. Similarly, the display should be styled products as attractive as possible.
“Visitors come may be up to 2,000 people per night,” he said. Not only offered a wide range of products, at the same place travelers could enjoy the entertainment offerings which will be coordinated by the Department of Culture and Tourism.

Home Finance of America – Now Offering Lowest Mortgage Payments

Home Finance of America , one of the nation’s leading online mortgage banks, is proud to announce that they are offering a mortgage rate of 3.125% (APR 3.295%) for a mortgage fully amortizing in 30 years. The interest rate on this special loan program is fixed at 3.125% (APR 3.295%) for the first 5 years after settlement and is known throughout the mortgage industry as a 5/1 ARM. A 5/1 ARM fully amortizes in 30 years so like traditional a 30 year fixed rate mortgage so the resulting monthly payment is low. A 5/1 ARM has an initial fixed interest rate for the first 5 and may adjust once each year for the remaining 25 years of the loan. The initial fixed interest rates for adjustable rate mortgages are significantly lower than those offered for 30 year fixed rate mortgages.

While Home Finance of America is currently offers the mortgage industry’s lowest 30 year fixed rate mortgage at 4.125% (APR 4.293%) a financially savvy borrower will in most cases find the 5/1 ARM is a better product. On a $200,000 5/1 ARM at Home Finance of America’s current rate of 3.125% (APR 3.295%) a borrower would save $112.55 each month in a 5/1 ARM as compared to the 30 year fixed at 4.125% (APR 4.293%). This saves the borrower $1,350.60 each year and $6,753.00 during the first 5 years of the loan when the interest rate is guaranteed not to change.

The perceived risk of an “adjustable” rate mortgage is much greater than the actual reality. The average life of an American mortgage is surprisingly only 6.5 years; subjecting the average 5/1 ARM to only 1.5 years of higher payment risk and only two rate adjustments. Moreover, the Fed is committed to keeping the short term interest rates that affect the indexes determining adjustable mortgage rates low indefinitely. There’s a good chance that in 5 years a borrower will see their adjustable rate drop or remain the same. The savings almost always outweigh the risks.

About Home Finance of America:

Home Finance of America is a direct mortgage lender and will lock-in low mortgage rates for borrowers at the time of the application. Home Finance of America currently holds an A rating with the Better Business Bureau. The privately held corporation has specialized in originating low rate residential loans to qualified borrowers since 1993. They are a national leader in online mortgage lending. Loan originators are available seven days a week by calling 1-800-358-5626.

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Home Based Industry Jeans, timeless Crisis

Jakarta – Juki (29) issued dozens of cardboard jeans. With deft, one by one pants tires put on the sleeve completed in the wind. Jeans also expands and hand Juki greeted with giving red dye.

“It’s to let the jeans accessories colorful. Wage of Rp 500/celana I can,” said one of the Juki in jeans dye workshop in South Sukabumi, West Jakarta, Thursday (11/12/2008).

After manually colored with a brush, the pants washed through several stages. Afterward, the jeans are dried and ready to be sold over packed into cardboard.

“Not bad. Nope never drag orders. Always alone,” added Juki when alluded to the impact of economic crisis on demand process.

However, the order was decreased significantly after the crisis. Whereas in the past can bring home Rp 200.000/hari/orang, now only half. That is because the wage per piece pants 700/celana derived from Rp to Rp 500/celana.

“The important thing is not to be laid off. Fixed work,” said Juki.

In South Sukabumi district, there are at least 48 similar businesses. Kind of like a home-based business industry is often immune to the global economic crisis hit. Therefore, capital is not used sebombastis yag big industry.

“We were there just ngandelin money. So do not rely at other parties,” said Chairman of the Association of South Sukabumi Laundry, Rozali.

Kiris time ten years ago, many large-scale garment industries out of business. But not so with the cottage industry in the region. The key, in addition to its own capital, the market share of roadside pants up in malls and other modern market.

“Must be creative. If you do not so we had dispersed from the first-first,” said Rozali.