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
Depressed JCI Dow Jones
Stock Report May 30th, 2010
JAKARTA – Be careful, last weekend the U.S. stock index plummeted because of economic adi country’s power is not improved. Usually, this sentiment will terrefleksi in early trading last week at the regional exchanges, including stock price composite index (JCI) in Indonesia Stock Exchange (BEI).
Dow Jones, for example terkan 146.70 points, or 1.22 percent to 11,893.69. So with the Nasdaq, this index closed lower 8.01 points, or 0.36 percent to 2212.49.
Optima Securities analyst Ikhsan Binarto said, although at the end of trading last week strengthened JCI, JCI destabilizing potential open enough. For technical dead cross pattern.
Meanwhile, the arrest rate at the level of BI 8 percent will not make a positive sentiment. Panahanan because interest rates are consistent with market assumptions.
JCI on trading today, Monday (10/3/2008), will move in 2640-2670 range with pillihan shares of PT Perusahaan Gas Negara Tbk (PGAS), PT Bumi Resources Tbk (BUMI), PT Bank Central Asia Tbk ( BBCA), PT United Tractors Tbk (UNTR) and PT Antam Tbk (ANTM)
Login Register Rupiah Currency Weakest 10th in the World
Forex May 30th, 2010
BANDUNG – Rupiah inserted into ten groups of the weakest currencies in the world. This is caused by fluctuations due to the volatility of the rupiah by many speculators.
This was revealed by the Director of Currency Management Group (CMG) Farial Anwar, now a journalist workshop on economic and monetary BI & Monetary Instruments Foreign Exchange Market, in Bandung, West Java, on Friday (5/12/2008).
He mentioned that, from 10 eyes of the world’s weakest currency, the rupiah is ranked sixth after Vietnam and Saubomi. The first rank in the occupied by Zimbabwe, followed by Somalia and Turkmenistan.
Farial explained, poor rupiah volatility due to very large, which is currently down sharply compared to other currencies.
In December 2007 compared to December 2008, the rupiah fell 28 percent from the level of Rp9.000 to Rp12.000 per U.S. dollar.
“Unlike the Thai currency Bath, in December 2007 compared to December 2008 only down five percent from 33.69 to 35.55 Bath Bath per USD,” he said.
Bad predicate rupiah, when it was recognized by the Bureau of Monetary Policy Hendar BI. However, he stressed in previous years, the rupiah has also been achieved as the best currency.
Farial added, there are some very simple reasons volatile rupiah against the U.S. dollar, such as free foreign exchange regime, the system of freely floating exchange rate, forex loans, and dependence on large U.S. dollar.
In addition, Farial also revealed, the placement of foreign funds in SBI also be a factor weakening rupiah. Therefore, steps anticipation of weakening rupiah happens, all derivative transactions undertaken by the company must have its underlying transaction.
However, with restrictions on the purchase of dollars with no underlying transaction up to USD 100 thousand per month, this policy affects the dollar to decrease speculation.
“Why let in foreign kok SBI, SBI but not for domestic monetary management, let alone we must also pay interest to foreigners, it is better for society,” he said
Wachovia Bank BNI Give Loans BNI USD100 Million
Bank May 30th, 2010
JAKARTA – PT Bank Negara Indonesia Tbk (BBNI) had received bilateral loan worth USD 100 million from Wachovia Bank in the United States (U.S.).
President Director Gatot M Suwondo, the signing of bilateral loan agreement in Jakarta on Wednesday (10/12/2008) says, a loan with a tenor of one year will be used to strengthen the liquidity of foreign exchange (forex) companies.
According to Billy, in addition to getting funds to support the liquidity of foreign exchange, loans from international banks also showed BNI reputation and credibility, and trust of the international banks to the Indonesian economy.
In addition, he revealed that the company and Wachovia Bank has a long relationship and mutual benefit. “Cooperation with Wachovia Bank to strengthen both institutions, especially in international business transactions,” he said.
Wachovia Bank is the fourth bank in the U.S. and has a network in various countries, including Germany, Hong Kong, Japan, Taiwan, Korea, United Kingdom, and Vietnam.
Agreement was also conducted by the Director of Treasury and the International BNI Bien Subiantoro and Wachovia Bank’s Managing Director for Southeast Asia and India Charles H Silverman
Towards a World Class Company
Company Info May 30th, 2010
IN today’s era of globalization, the desire to become more and more world-class companies do not terbendung.Beberapa following companies step up the middle for a world-class companies. Like what?
Oil and gas (oil) Exxon Mobil Corporation and Royal Dutch Shell is two firms supermajor who is now at the height of glory. Naturally, because these two major companies have started business decades ago. Exxon, for example, starts from Standard Oil, who stood in 1870, while Sheel is a joint venture of Dutch and English who stood in the 1900′s. In addition, there is also the British Petroleum Company, which operated in 1954, and the Chevron Corporation, which was built in 1879.
So, what about the national oil company? Although the age of of PT Pertamina is still far from some of these companies, the company set a world-class player with a short time, ie 15 years. According to a spokesman for PT Pertamina Basuki Trikora Son, Pertamina was treading step toward world-class companies, by setting targets to be achieved. This is evidenced by the constructed roadmap that includes the company’s three stages.
For the first period (2008 – 2013) This company build a solid foundation in the country. Namely how to target a leading company in Indonesia and become the best in operating activities, as well as a role modeluntuk success of transformation. In the second five years (2013 – 2018), firm oil and gas targets to oil companies prominent in Southeast Asia. Then in subsequent years (2018 – 2023), Pertamina to national oil company of world-class. “The position of Pertamina in this period the level of capability with a leading international oil companies,” said Basuki, who familiarly called this Tiko.
Recognized Tiko, to realize the vision and mission of this company mudah.Pihaknya not even have to make corrections in some aspects to it. “Especially is improving the quality of human resources (human resources) who owned the company,” he said when contacted Seputar Indonesia. Related to this, Pertamina also keen to do kaderisasi HR for performance improvement, ie by holding a variety of educational training for their employees. However, not only the trained area of expertise, they were also given the floating material to become a cadre of professional ready to use.
Conducted cooperation with foreign companies, also carrying a positive impact for its employees, namely the transfer of knowledge. Corrections made to the field of human resource, along with other factors that also contribute to the realization of the ideals of the company, including improving technology, facilities, and services to consumers. Tiko admitted the measures carried out the company, now has a significant impact. Produkproduk Pertamina has been exported to several countries, and of course the standard is applied also has international standard.
Machine activities already underway in several countries, including in Vietnam, Malaysia, Libya, Sudan, and Qatar. “So, we are not just a champion,” said Tiko.Kendati so can not be denied, because as a state-owned company, Pertamina has not become a pure business entity that can stand alone. Even so, Tiko says this is not a barrier to achieving world-class companies. Other companies who also was a world-class companies are PT Indofood Sukses Makmur Tbk. (INDF). Survey conducted in 2009 the Wall Street Journal had solidified INDF as the best open company in Indonesia in third position.
The existence of INDF as a processed food company, started in 1982 through the establishment of PT Sarimi Asli Jaya, which produces a brand of instant noodles Sarimi. During his trip, INDF perform various steps to strengthen their position in Indonesia. INDF major step to strengthen itself as a giant new integrated food company is again in 2005, namely through a joint venture with Nestle that form PT Nestle Indofood Company flavor. Then in 2007, INDF agrobisnisnya increasingly strengthened by the acquisition unit Rascal Holdings Limited and plantation companies which have more than a century old, the PP London Sumatra Plantations Tbk (LSIP).
On the other hand, with a variety of strong brands in various fields of business, INDF compelled to form a Central Marketing Unit to assist all business units to develop strategic marketing direction to create a comprehensive synergy in the media, research, and marketing. This is justified Noodles General Manager Marketing Division Head Office INDF Atmaja Listya Evelyn. As someone who is responsible for the division noodles Evelyn and her team incessantly looking for ways that would demand noodle products on the market to stay awake. He claimed most anti with purchasing power lines down.
“For logic, even though the economy in crisis conditions, the consumption activities of his name will never stop,” he said. However, said Evelyn, who went to all the constraints is a challenge that must be conquered. Evelyn believed INDF someday will be world-class companies.
