JAKARTA – PT Inti Firm Arebama Tbk (KOIN) received an additional increase of local credit facilities from PT Bank Central Asia Tbk (BBCA) Rp 200 million.
This was revealed by Director KOIN Dharmawandi Sutanto in his report on information disclosure Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (17/3/2010).
Previously, the company has reached a loan from the credit facility in December 2009 BBCA ago. Loan facility was divided into four categories.
Facility that is for bank guarantees to the ceiling of Rp1, 5 billion which mature or timed to 1 September 2010. Then standby letters of credit $ 100 thousand (equivalent to Rp948, 2 million, USD1 = Rp9.482) to 1 September 2010.
Furthermore, the time the loan facility revolving loan Rp3 billion coming due or timed to 1 September 2010. While installment loan facility Rp4 billion coming due or for a term of three years.
However, no detail to explain what the loan facility being poured. For your information, the company is a company specialized in distribution of building materials, such as ceramic, tile and paint.
9 Companies Win Awards Business Records
Company Info June 9th, 2010
JAKARTA – Giving a form of appreciation for an achievement of innovative and consistent and provide a significant impact, is a positive activity and useful.
More than that, a can increase the healthy spirit of competition, and spurred the birth of the achievements of the better in the business world.
Based on this thinking, the SI paper with Tera Foundation held an appreciation event in the form of the record for the first time in Indonesia are specific to the business world, with the name of Business Records (ReBi).
As quoted from the received broadcast Legal writing, at the JW Marriott Hotel, Jakarta, Wednesday (24/2/2010). The business record of the evening was held on February 24, 2010, at 17.00-21.00 WIB.
ReBi is an appreciation and highest recognition given to a company or organization (foundations, institutions, and communities) both private and government as well as to specific products, services and brands on the achievements attained in the field of market performance, product performance, service performance , the performance of the process, research and development, human resources, social responsibility towards society and environment, as well as the advantages of other businesses can be accounted for.
Appreciation to the name recognition is the idea of ReBi Handi Irawan D. He is the founder of Tera Foundation, and is also known as the initiator of Top Brand Award, ICSA (Indonesian Customer Satisfaction Award, IMAC (Indonesia’s Most Admired Companies), on national customers, as well as a variety of popular awards in Indonesia.
Currently, the Handi is also known as the Indonesia expert and author of marketing books marketing strategy.
ReBi provided through market research, secondary data, media publications and also the jury’s decision, so the objectivity and reliability of ReBi accountable.
ReBi award recipients were chosen based on the jury’s decision involving the components or the following criteria:
1. Has advantages such as: Most, Biggest, Fastest, Oldest, or anything that is superior. Excellence or achievement can be kind of product, process, business activities, and so on.
2. An innovative advantage, such as the first pioneers, or any activities or the findings of the products or services are innovative and original, and provide useful results for consumers.
3. Participants must provide data in the form of relevant documentation, market research or research data from a reliable institution.
4. Participants can be firms or organizations (foundations, institutions, and communities) both private and government dipresentasi and also by product, service, or brand. Participants are entitled to ask ReBi can include national and international achievements during these achievements contribute to the development of business in Indonesia.
5. Achievement, excellence and innovation results to be filed must have relevance to the business or business activity, either a feature or a supporting business success is a result of the efforts to achieve a business process or activity.
In the end, ReBi expected to be a source of inspiration and spur companies to produce products, performance, and new innovations are better, which will help improve Indonesia’s economic growth globally.
Here’s a list of winners will be submitted ReBi tonight,
1. PT Yamaha Motor Kencana Indonesia, as the winner of the motorcycle category of the most widely matic driven by novice drivers.
2. Blue Bird Group, as winner of the category pioneer Luxury Taxi,
3. PT Enseval Son Megatrading Tbk, as a category winner pharmaceutical distributor outlets that reach the most,
4. PT Sumber Alfaria Trijaya Tbk, as the winner of the category minimarket fastest-growing outlets,
5. PT Bank Central Asia Tbk, as a category winner of the bank with the most internet banking transactions,
6. PT Agung Podomoro Group, as winner of the category Most apartment developers,
7. PT Telekomunikasi Indonesia Tbk, as the winner of the category via a broadband internet service fixed line access first to reach one million subscribers and the most widely used,
8. PT Bank Rakyat Indonesia Tbk, as the winner of the bank category distributor’s largest small business loans,
9. PT Furnimart Mebelindo Sakti, as the winner of the category Most furniture chains
International Banks Meet Dubai World
Bank June 9th, 2010
LONDON – A group of international banks and regional meeting with the Dubai World for the first time on Monday to discuss efforts to restructure the company in debt for $ 26 billion.
As quoted by Reuters on Tuesday (8/12/2009), the meeting was reported the Financial Times is a long process. Where this meeting also involved the major creditors who wish set up a committee.
In addition, the process of debt restructuring is key to the Islamic bonds or sukuk, issued by Nakheel, a company’s real estate subsidiary of Dubai World, which is scheduled to be redeemed on December 14, for $ 4, 05 billion.
The report quoted from someone close to the negotiations say that there are different opinions among the borrowers.
“Some lenders think if there is bad credit, everyone must stop. On the other hand, some people believe that the sukuk must be paid back by all means,” the source disclosed.
In addition, companies listed on the London Standard Chartered, HSBC, Lloyd, and Roy Bank of Scotland (RBS.L) is scheduled to attend the meeting along with the borrower from the United Arab Emirates Abu Dhabi Commercial and Emirates NBD.
Central Bank of United Arab Emirates have also told local lenders to report their exposure to the Dubai World and related entities.
As is known, a consortium of Dubai World has recently asked for suspension of debt payments (standstill) to six months to foreign creditors. Dubai World requested postponement until May 2010.
Debt that must be borne by Dubai World for $ 60 billion. When including interest, which must bear the burden of corporate groups that government support be approximately $ 80 billion.
Rupiah best in Asia in 2009
Forex June 9th, 2010
Rupiah booked the largest annual appreciation in the 7 years as the global economic recovery signals of a recession pushed foreign investors stormed back assets in emerging markets.
Rupiah currency gained 16% during 2009, through the South Korean won as the best currency in Asia. The value of foreign investors buying up shares of Indonesia reached U.S. $ 1.4 billion more than they sold up to December 29.
Deutsche Bank AG assess rupiah strengthened in 2010 continued in line with central bank efforts to tackle inflation which is influenced by low import prices.
“The flow of funds into the stock market and fixed income in Indonesia and South Korea is very big this year. Bank Indonesia is more accommodative to the strengthening of the rupiah compared with other central banks in Asia due to the effects of inflation,” said Mirza Baig, an analyst with Deutsche Bank Singapore currency, day it.
Rupiah strengthened 0.3% to 9408 per dollar at 2:38 pm in Jakarta, continued strengthening of 0.7% this month. Rupiah reached its highest level this year in October 9280. The median estimate of analysts said the rupiah could strengthen to 4.5% in 2010 year-end 9000.
In 10 years, the rupiah currency is the worst in Asia after weak 24%. Senior Deputy Governor of Bank Indonesia Nasution Nasution has a tendency strengthened earlier this year.
Finance Minister Sri Mulyani Indrawati project the economic expansion of 4.3% to
4.4% growth this year and next year could be 5.5%. Composite stock price index rose 87% the most since 1993.
Rupiah bonds provide 23% rate of return this year, the best among the 10 bonds in Asia based HSBC Holdings Plc index
First Media signed $ 32 Million Credit Facility
Credit & Loan May 30th, 2010
JAKARTA – PT First Media Tbk (KBLV) signed a credit facility agreement with Falcon Private Bank Ltd Singapore branch of the maximum worth of $ 32 million on January 22 yesterday.
Corporate Secretary expressed KBLV Harianda Noerlan in his report on information disclosure Indonesia Stock Exchange (BEI) in Jakarta, Tuesday (26/1/2010), from these figures, some $ 27 million is a roll-over from the previous facility.
As information, the company formerly known as PT Broadband Multimedia Tbk is a public company listed on the Indonesia Stock Exchange. First Media provide broadband Internet services, cable television, and data communications, which as a whole was introduced as “Triple Play”. Network covering Greater Jakarta, Surabaya and Bali.
The Company is a subsidiary of Lippo Group. First Media also holds full ownership of the shares of PT Prima Mitra Ayunda which controls 80 percent stake in PT Direct Vision, a company that operates the satellite TV service Astro Nusantara. Astro Nusantara himself no longer in operation since October 20, 2008.
First Media currently has approximately 180 thousand Internet subscribers and approximately 130 thousand subscribers television. Fiber-optic network First Media has 2597 kilometers long, which spread in Greater Jakarta, Surabaya and Bali. Company targeting one million home networks will reach them before the beginning of 2009
