PJAA Revenue Exceeds USD 1 trillion in 2012, Net Profit Up 10.02%

Annual General Meeting (AGM) of PT Pembangunan Jaya Ancol Tbk (PJAA) has appointed Billy Setyo Waluyo as President Director of PT Pembangunan Jaya Ancol, Tbk replace Budi Karya Sumadi have ended his term.

Billy had previously occupied the position as Director of PT Jaya Real Property since 2004. Graduates of the Architectural Engineering, Gadjah Mada University (UGM) is a recommendation of the Provincial Government (Government) DKI Jakarta.

While former President Director of PT Pembangunan Jaya Ancol, Tbk Budi Karya Sumadi end of his term in Ancol, and has received mandate from the city government to occupy the President Director of PT Jakarta Propertindo.

Various development efforts and efficiency PJAA conducted during 2012 the company managed to boost performance. PJAA revenue last year managed to break the USD 1 trillion, to be exact Rp 1,053 trillion, up 12.9% compared to the year 2011 amounting to Rp 933 billion. The figure is a record in the history PJAA revenue performance.

Meanwhile, net income rose sharply to Rp 178.15 billion or 10.02% higher than in 2011 which reached Rp 161.92 billion. This makes the achievement of earnings per share (EPS) rose from Rp 101 per share in 2011 to USD 111 in fiscal year 2012.

Company admits it is not easy to increase revenue amid increasingly intense competition with the emergence of leisure recreation places new, “but various contents innovation and development during 2012 has shown satisfactory results. Ancol Dream Park visitor numbers continue to grow to 15.849 million, up 6%, “said the former President Director of PT Pembangunan Jaya Ancol, Tbk, Budi Karya Sumadi, after the Open General Meeting of Shareholders (AGM) of the company, in the temple Bentar Mermaid Ancol , Thursday (30/5).

Based on data from the financial statements, all 5 (five) years the company’s revenue continued to grow significantly from just Rp 763.066 billion in 2007 to Rp 1.053 trillion in 2012, up 38% more. In the same period, net profit rose from Rp 140.867 to Rp 178.151 billion billion, an increase of approximately 23%.

In terms of total assets, the company is also experiencing rapid growth. As of December 31, 2012, total assets PJAA already reached Rp 2.38 trillion, up 37.49% compared to 2011’s Rp 1,737 trillion. But at the same time, total liabilities also increased from Rp 557.81 billion in 2011 to Rp 1.078 trillion in 2012.

Of the data is also visible, recreation and resort sector is still the largest contributor to revenue PJAA. Revenue from recreation sector reached Rp 674.56 billion, up 8% from the year 2011 which is only Rp 627.027 billion. While the resort segment operating income increased 31%, from Rp 48.3 billion in 2011 to Rp 63.112 billion.

Meanwhile, despite the rise in larger numbers (26%), income from the property sector in 2012 reached Rp 292.121 billion compared to 2011 amounting to Rp 232.410 billion. Performance segment performance properties obtained from the sale of the retail market segment, through the presence of several new property projects being built PJAA.

Described, contents development efforts and new innovations in the leisure segment conducted during 2012 as part of the strategic plan of the company until 2015. Efforts are made with the aim of achieving the company’s business growth suistainable recreation business segments where performance could be more adequate, both in the number of visitors and revenue.

Prospects in 2013

In 2013, for recreation and resort segment,

Semester I, Oil Production Reaches 99 Percent

JAKARTA – Special Unit Managing Upstream Oil and Gas (SKK Migas) said state revenue from the management of upstream oil and gas in the first half of this year reached $ 18, 7 billion from USD18.4 billion target set for the first half year .

While oil production in the same period, managed to achieve an average of 831 118 barrels per day (bpd), or 99 percent of the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Rudi Rubiandini SKK Migas chief, said the achievement of the national oil production up to 99 percent of the budget target has never happened within the last three years. Previous achievements continue to be under 99 percent.

“The successful achievement of oil production and revenues is the result of the hard work of the workers in the oil and gas SKK, all workers Sharing Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources, Ministry leaders and workers in other related, among House of Representatives (DPR), Regional Governments and all stakeholders in the upstream oil and gas industry, including the support of the media, “Rudi said in Jakarta, Thursday (08/01/2013).

Therefore, Rudi appreciate and thank them for their hard work and support of all stakeholders in order to increase production of oil and natural gas revenues nationwide so that the target could be exceeded.

“Although there are still many unsuccessful PSC oil production exceeded the target set in the state budget in 2013 but some very well managed PSC exceeded the target,” said Rudi.

Rudi insisted that the entire PSC is still not able to meet the target set in the state budget-2013 as well as targets in the Work Programme and Budget (WP & B) in 2013, in order to immediately improve the performance target is met.

“Performance targets are not reached so soon improved to the national oil production target could also be exceeded. What we are doing right now is working for the state, in the national interest because it lets us collaborate and work together,” he said.

A number of non-technical constraints such as the licensing process in local government, including the issue of sealing oil wells crude oil theft is still a major persolaan in an effort to increase national oil production.

Therefore, said Rudi, the regents are expected to participate and support efforts to increase domestic oil production in order to improve the welfare of the people in Indonesia.

“State revenue from oil and gas are not only enjoyed by the people in the oil and gas producing areas but also enjoyed by the public at the end of the island in the archipelago that has no oil. Due to direct oil and gas revenues into the state account and go straight in the oil and gas revenues in the state budget enjoyed by all people of Indonesia from Sabang to Merauke, “he concluded.

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.

Analysts: Fear Makes Case IM2 Investors Capital Market.

JAKARTA – the current capital market investors worried about the telecommunications business pascaputusan court corruption (corruption) cases IM2. Equity analyst Pardomuan Sihombing explains, penalties and regulations that ensnare IM2 yet fully clear.
Pardomuan also assess the regulations are not clear as IM2 case could ensnare anyone who runs a business in the country. In this case the investors in the world’s capital markets.
“It could happen (investors will fear) that the decision was negative, meaning that is associated with the regulation of the telecommunications industry,” said Pardomuan Sihombing, Sunday (07/21/2013).
Pardomuan asserted, the current capital market investors require legal certainty. According to Pardomuan, IM2 case and rules in the telecommunications industry should be clear, so as to ensure the future development of the business.
“Investors who will invest in doubt whether an investment fund to be back or not, when the company suddenly entangled case,” said Pardomuan.
Pardomuan added that the symptoms have not been perceived concerns, the article of the legal process is not over. However, if there is already a binding verdict and declared IM2 guilty, then the impact will be felt.
“We all expect the final result will be better,” said Pardomuan.
Previously reported, the Corruption Court sentenced former Director of IM2, Indar Atmanto kuruangan 4 years with a fine of Rp 200 million, with subsidiary imprisonment of 3 months. Judge also sentenced IM2 pay fines of Rp 1.3 trillion. Judges cooperation-IM2 Indosat network there is an element of corruption.
This ruling a major impact, as almost all sectors of the telecommunications businesses registered as a public company is also running a similar business model. Including PT Indosat Tbk, PT Telkomsel, PT XL Axiata Tbk, PT Smartfren Telecom, PT. Bakrie Telecom Tbk and others.
Communication sector alone contributes to Rp 11.8 trillion in revenues and in 2012. This figure is the biggest revenue for Indonesia in addition to the energy and mineral resources.

National E-Retailer Home Security Store Expands to a New Building in Southern California

Home Security Store, Inc.

has seen strong and steady growth over the past several years. So much so, that the company has purchased an even bigger warehouse and office space building in Southern California.
“We need more room to grow. We were running out of room in our old warehouse,” said Home Security Store Vice-President Ralph Winn, who has more than 37 years of experience in the security industry.
Home Security Store is the premiere online e-commerce website specializing in affordable Do-It-Yourself wireless and hardwired home alarms, security camera systems, fire protection products, spy equipment, survival gear, home automation devices and more. In addition, the company’s website offers useful video tutorials, tips, security news and educational articles teaching homeowners how to optimize home security in order to help prevent property loss and damage.
Through its website, Home Security Store informs visitors how a DIY security installation can save money. Home Security Store sells name brand equipment directly to the public with same-day shipping option and technical support.
Winn says this is the second time in the past several years that the company has had to move in order to accommodate the business’ growth.
Home Security Store’s new home is a 33,000-square-foot building located on the Riverside and Corona city line. Acquiring such a central location will allow the company to also engage with local installers in Riverside, Corona, and the surrounding Orange County area.
“Great customer service and free top-notch tech support has been at the core of Home Security Store’s plan for success since it opened its doors and this will continue as the company grows,” adds Winn.
“Today, in the home security field, there are so many competitors to choose from, which is a major hurdle in trying to get the attention of potential customers. Nevertheless, Home Security Store has optimized its online business since the mid-1990s, and still does today, by bringing customers the best of service with seasoned technical professionals and a product line which features the latest technology to help make your property safe and life easy,” Winn said.
With that in mind, Winn adds that the company has long had the trust of DIY home and business owners nationwide and is expanding to a new market of local installers, as well.
“The new location has landed us in an ideal and centralized area in Southern California. The new building will allow us the means to truly serve the wholesale market. This means we will provide the contractor a comfortable place to not only purchase from, but a friendly environment to come and learn about the newest trends and get hands-on training,” said Home Security Store’s Wholesale Account Manager Andre Perkic.
About Home Security Store, Inc.
Home Security Store is the premiere online e-commerce website specializing in affordable DIY wireless and hardwired home alarms, security camera systems, fire protection devices, spy equipment, survival gear, home automation technology and more. The company brings together highly trained, professional technicians and a state-of-the-art product line to provide the most comprehensive security source found online.

PSC which is 7 Oil Production Exceeds Target

JAKARTA – Special Unit Managing Upstream Oil and Gas (SKK Migas) said oil production in the first half of this year reached an average of 831,118 barrels per day (bpd), or 99 percent of the target set in the state budget in 2013 amounting to an average of 840,000 barrels of oil per day.

Head of Oil and Gas SKK Rudi Rubiandi, said as many as seven Sharing Contract (PSC) surpassed the revised budget target of 2013.

“That ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd,” Rudi said in Jakarta, Thursday (01/08/2013 ).

The following oil production of 7 KKKS who achieved the target:

1. ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890,

2. Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day,

3. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day,

4. PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day,

5. Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day

6. Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day

7. ConocoPhillips (Grissik) Ltd managed to produce 9,435 barrels of oil per day from its target of 9,430 barrels per day.

Flooded Garut cap craftsmen Orders

Craftsmen cap in Garut regency, West Java, flooded with orders. Their turnover also increased significantly by up to 80 percent of the day usually. “Orders have started much before entering the fast,” said one craftsman, Uus Saefulloh, 34, of Kampung Barileuk, District Samarang, Saturday, July 20, 2013.
According to him, the more ordered cap made ​​of cotton fabric and knitted materials. However, to meet the market demand, he claimed to produce 10 kinds of cap. Goods sold many of them hired skullcap An-Nur and knitted silk screening, screen printing opal, opal knitted, and copies of zam-zam or popularly called Madun Si cap.
In one day, Uus claimed capable of producing 250 to 400 scores to employ more than 10 employees. Price per kodinya varies, depending on the material and the level of difficulty in the making. Start up Rp80.000 50,000 per kodinya. “In sebulun like today, can get a turnover amounting to Rp48 million,” he said.
Other craftsmen, Dian Kusdinar, 40 years old, resident Sukapadang, Tarogong Kidul, admitted, increasing the ordered items will take up ahead of Eid al-Adha. The reason is because many Muslims who used to worship tarawih and silat Id. If before the pilgrimage season, skullcap is usually used as a souvenir. “The business of this production is a routine every year,” he said.
Skullcap from Garut has penetrated the market in Jakarta, Surabaya, Jambi and Padang. Not only that, there are also among the large employers who send skullcap from Garut to be exported to foreign countries such as Middle East countries.

PTPN X to Issue Bonds Rp 700 Billion, Supports Business Expansion

Expected this year, PT Nusantara Plantation X (Persero) to issue bonds worth Rp 700 billion. Proceeds from the bond issue will be used to support the company’s expansion.

Preparation of the bond issue amid accelerated. “Using fiscal year 2012 financial statements, we expect bond issuance could take place the first half of this year,” said Finance Director PTPN X Dolly P. Pulungan in Surabaya, on Tuesday (04/09/2013).

The move has also been sanctioned mentioned the Ministry of SOEs. Later, PT Bahana Securities and PT AAA Securities to be implementing the underwriters in the issuance of these bonds.

“We get ratingA + Rating Agency of PT Indonesia (Pefindo.) This illustrates a stable outlook and the company’s performance continues to increase, so we’ll coupon bonds attractive to investors,” said Dolly P Pulungan.

The bond proceeds will be used for working capital replacement refinancing of banks with interest rates that are high enough to sustain the business three sugar mills (PG) in South Sulawesi, which Takalar PG, PG Bone, and PG Caming.

Three sugar mills, said Dolly P Pulungan, now managed by PTPN X corresponding duty of the Ministry of SOEs. With the proceeds of the bonds, the company could obtain cheaper funding costs than bank credit that has been used by the three PG.

“In the future we will be racing performance by improving the farming sector (on-farm) and processing (off-farm), especially with mechanized approach for optimal results,” added Dolly P Pulungan.

Three sugar factories in South Sulawesi, continued Dolly P Pulungan, has been working on a land area of ​​11,000 hectares. In the future, will be developed into 15,000 acres along the expansion.

PTPN X will apply best agricultural practices by providing superior varieties, cultivation methods are effective, and that grade plant processing systems by optimizing engine performance.

Dolly P Pulungan added, in addition to the three PG in South Sulawesi, the bond proceeds will also be devoted to boost the performance of eleven sugar factories owned by the company’s in East Java.

“We are targeting production of 538,000 tons of sugar this year, up from last year’s 494,000 tonnes. We are the market leader in national sugar industry since 2006 and until now has not been deterred,” he said.

Currently, PTPN X has 11 sugar mills in various cities in East Java, three tobacco plantations in Jember (East Java) and Klaten (Central Java), a subsidiary of the production of plastics, a subsidiary of the field of health care services, and investments in manufacturers edamame export oriented. In addition, the company was also tasked by the Ministry of SOEs to manage three PG in South Sulawesi who previously managed another state.

In addition to proceeds from the issuance of bonds, it also set up internal cash to sustain performance improvement. “We will improve the quality of the sugar with the purchase of five tools smoothing juice worth USD 25 billion, which is used to smooth juice with the ultimate goal of improving the efficiency of purification. If the quality of the sugar increases, automatic selling price of the auction will be increased. This is consequential to increase revenue,” he explained.

In 2012, PTPN X posted a pretax profit of Rp 506 billion, an increase of 140 percent compared to the achievements of 2011 amounting to Rp 210 billion.

Small Industries Product Banyuwangi Less Hygienic

Head of Industry Trade and Mines, Banyuwangi regency, East Java, Cahyo Hary Purnomo said many small and medium industrial products in the region are less hygienic.

It was, he said, based on the results of government-facilitated product test lab Banyuwangi in Research and Industry Standards Surabaya. Of 52 food and beverage products that are tested only 27 small and medium industries that pass quality standards of products. “The rest do not yet qualify as poor hygiene and sanitation,” he told reporters on Thursday, July 4, 2013.

Hary explained, they were considered not hygienic products for the manufacture not wear gloves, masks and headgear. Small and medium industries also use a lot of water that has been contaminated with the bacteria Escherichia coli. Though product E-coli contaminated prone cause stomach infection.

Even so, Hary claims will not pull the products that did not pass the quality standards. Government, according to Hary, new on stage to socialize about product quality standards to small industries. Department also continued to provide opportunities for small and medium industries which will be testing its products in Research and Industry Standards Surabaya.

In Banyuwangi, there were 16 792 small and medium industries, but only 5,012 are active. Of these 52 new small and medium industries which followed the test product quality standards.

Head of Standardization and Certification Quality System Certification Body Surabaya Siti Rohmah Siregar, recognize products of small and medium industries are still far from the standards of quality. “Their problem is quite complex,” he said in Banyuwangi.

According to Siti majority of small and medium industries yet have a quality management system so as to maintain the quality of the starting raw material to processing is not fixed. Moreover, awareness of small and medium industries for testing this product is very low. During this test a lot of small and medium industry products facilitated by the local government. “Government should provide facilities to the many small and medium industries that testing this product,” he said.

Suliyani, a pastry maker admits not been testing out products to the laboratory. According to him, in addition to the cost of the lab, is also burdened with the cost of transport between Banyuwangi-Surabaya commute. “The cost of transportation is to Rp 500 thousand,” he said.