Pertamina Build gas stations in Australia and Malaysia
Company Info December 29th, 2009
PT Pertamina (Persero) will expand to Australia and Malaysia to build fueling stations general (gas stations) starting mid-year 2010, with investment Rp60 billion.
“Before the middle of this year we expect to build two gas stations in Australia,” said Director of Marketing and Commerce, Hanung Culture, after reviewing the exhibition of products and operational activities and Commerce Marketing Directorate Pertamina, Pertamina Central House, Jakarta, Tuesday.
According to Hanung, expansion into Australia is at the same time expanding the presence of Pertamina in the country after previously opening sales outlets Pertamina lubricant production.
“The cost of building stations in foreign countries for Rp60 billion already included in the Company Budget Work Plan (RKAP) 2010. If these funds can be two units of gas stations we’ll build two units,” he said.
He tells Pertamina to acquire stations there, and then gave Australia Pertamina.Selain trademark, the red plate oil and gas companies are also ready to develop a filling station in Malaysia.
“If we can we try this year. But if not then do next year (2011),” he said.
Petronas, Pertamina will hold in terms of land supply. While fuel sold will be supplied from Malaysia.
“Looking at the geographical structure and business efficiency, the possibility of filling stations in Malaysia will be built in the area of Sarawak,” he said.
Manchester United emission of bonds to pay debt
Credit and Loan December 15th, 2009
Manchester United (MU) plans to issue bonds worth 500 million pounds (U.S. $ 806 million) in line with club owners plan winners 18 times English League to refinance its debts.
This club will sell bonds with a guarantee that berjatuh due 2017. Manchester United spokesman Philip Townsend declined to give further details.
Plan for faster issuance of bonds because the value of MU debt also increased. Glazer family who came from the United States, who bought the club in 2005 valued at 790 million pounds, plans to retain ownership of 14.25% shares. This was disclosed Sunday Times newspaper and the Financial Times.
“This sounds like the type of investment that is quite a risk when considering the amount of debt owned by U.S. investors,” said Jean-Luc Petit, manager of fixed interest bonds at BT Investment Management Ltd, in a telephone interview from Sydney.
During under Glazers ownership, United has become the most successful soccer teams in Europe and has won 3 Premier League titles since 2007 and the European Cup in 2008. Alex Ferguson became manager since 1986.
The club was a chance to collect his 19th title this season after a question of letting the world’s best players last year Cristiano Ronaldo move to Real Madrid and Carlos Tevez to join Manchester City sekota competitors.
British media speculated Ferguson, 68, could not interfere in the process of moving Ronaldo worth 80 million pounds transfer because the owner wanted the funds will be used to pay their debts.
Ecuador winger Antonio Valencia, who bought 17 million pounds from Wigan, the recruitment of the most expensive, while striker Michael Owen and Gabriel Obertan to join for free. United states fund Citadel is plentiful but Ferguson refused to use it.
Manchester United currently ranks second in the Premier League standings after two days and then failed to take advantage to get past the Chelsea pemuncak standings. Chelsea were held 1-1 by at Birmingham.
Last week, worse, actually failed at United the FA cup after a third division team dikandaskan Leeds United, which is 43 levels below the club based at Old Trafford it. The defeat was a first for Chelsea since 1984.
Petit said the loss of key players such as Ronaldo is not the main thing for the football club investors.
“Against a player, you buy and sell them as trade. If you get the best price for shareholders, it is financial security,” said Petit.
He added even more to see the strength and ability finasial club funds than anyone who played in the game.
Red Football Joint Venture Ltd., Manchester United Parent company, said in a report as of April 2009, losses reached 43.2 million pounds, or down from 57.8 million pounds in June 2008. The company paid 68.8 million pounds of interest.
MU planned bonds will be used to refinance debts and the club will be issued through the MU Finance Plc.
Some Of The World’s Youngest Billionaires 2009…WoW !!!
Finance December 13th, 2009
Hi Guys,
I hope this post can inspire all the youngster that they can be a billionaire when they are young too. As long as we have a target and strike hard for it. Now check out the youngest billionaires. See what they do to achieve their dream to become a successful and outstanding person in the society!
Cheers, Read the rest of this entry »
Secret Behind China Product Success Mastering the World Market
Economy December 1st, 2009
At the time our country is struggling to boost the rupiah against foreign currencies, on the other hand, China actually experiencing pressure from the world in order to float its currency pegged assessed is too low. Fixing the value of the yuan has done this since the protests of 1994 because it was considered as the main cause lopsided price Chinese products in the world market (Sarnianto 2004). Concern that it is reasonable to see almost be said labeled products made in China medominasi world markets starting from just a pin to a sophisticated electronic device.
Many factors are pushing the Chinese economy that could be like this now, where the economic growth above the average 7% per year has led China as one of the world economic giant. Factor exchange rate certainly is not the only cause of the products with the largest population country in the world able to prevail over the world market. This of course is understandable considering that only factors that Indonesia should also be able to take mamfaat of the rupiah is very sad. Read the rest of this entry »
