Target export 2008 US$ 10 billion for textile industry

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The government of Indonesia expects that our export from the textile sector will growth around US$10 billion for this year (2008). 

Following the discussions with the country’s banks, the government hopes that they will help revitalize the textile industry by providing up to Rp. 2 trillion or equivalent with US$ 222 million in loans for this year to support the government’s own Rp. 255 billion re-equipment program for the sector. 

The government also plans to increase its support fund to Rp. 1.27 trillion over the next five years, with the banks expected to follow suit in committing up to Rp.  8.5 trillion in lending. 

As we know that until now so many textile companies in Indonesia have shown they are able to maintain good credit records.  

Currently, the textile and garment industry has contibuted US$ 9.4 billion from the our total export around US$ 100.6 billion on the last year (2007) and also provided an employment for some 1.8 million of workers.  

MSME needs Rp. 60,4 trillion to meet 60% growht’s

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To increase the Micro, Small and Medium Enterprises (MSME) industry around 60 percent growth’s for this year (2008), the government has plan that our banking industry will support its lending targets around Rp. 60,4 trillion. 

This amount also has approved by the banks with some condition for this prospectives sector. 

One of the main reasons for banks wanting to increase their loan portfolios to the sector last year was due to the declining number of non-performing loans (NPL) in the sector in the recent years. 

According to the central bank, last year’s (2007) NPL figure among MSME at 3.44 percent, down 0.86 percent from the previous year (2006) at 4.3 percent.  

Both figures are shown the good condition for this sector where the percentage lower than the banking industry’s average NPL rate of 4.5 percent and 6.7 percent in 2004 and 2003. 

Currently, the central bank requires for all banks to maintain a NPL figure of below 5 percent (www.thejakartapost.com).

Citibank launch “super switch deposit”

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Citibank will launch “super switch deposit” to meets the current condition, related with high volatility for the value of currency.  

With this system, the clients of Citibank will have some possibility to change their spot currency with another foreign currency to get the maximizing profit. 

Minimum deposit to open a new account at Citibank super switch is US$ 10.000 or equivalent with another currency. The switching can be done one time for a day. 

Citibank also giving some choices for the currency, there are consist of IDR, USD, EUR, AUD, NZD, JPY, GBP, CAD (www. kompas.com).

Our export figures in the first quartal 2008, reached 31,7%

The Central Statistic Agency (BPS) has reporting that Indonesia’s exports climbed to US$33.6 billion in the first quarter of 2008 from US$25.5 billion in the same period last year (www.bps.go.id). 

Oil and gas exports in the first three months of 2008 reached $7.3 billion, or a 61.8% increase compared to the same period last year. 

A resources-based commodities boom has boosted the country’s export figures in the first quarter of this year by 31.7%, the latest survey reveals.  

Crude Palm Oil (CPO) is still the major contributor to the rise in the country’s exports, recording a 47% increase to $4.4 billion in the first quarter of this year.  

During the January to March period, the biggest non-oil and gas imports came in the form of electrical devices and machinery, with combined value of $3.29 billion, or accounting for 14.7% of total non-oil and gas imports.

NISP need Rp. 10 trillion to realize theirs goal’s

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To realize theirs goal’s become to a national banking on the next of 2011, PT Bank NISP Tbk was estimated the financing needed to the amount of Rp. 10 trillion.  

From the total needed by the company, currently NISP bank was realized around Rp. 4 trillion. To cover the balance needed about Rp. 6 trillion, the company will doing the expansion step by step with open new office about 30 branch office in Indonesia and also open the syariah banking system on the next third quartal of 2008. 

President Director of Bank NISP, said that currently the company has been prepare the system to realize theirs goal and hopely the system will start on September 2008 and finish on the next of 2011.   

First quartal, XL was reached the profit Rp. 368 billion

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The customer growth’s of PT Excelcomindo Pratama Tbk (XL) has been increasing by significantly in the first quartal of 2008. This growth also automatically will supporting theirs brand awarness in the market. 

This condition also impactly their net income (profit) become to Rp. 368 billion in the first quartal of 2008. For the sales, the company was succes to get amost Rp. 2,7 trillion or increase 51% from the last year in the some period. 

Currently, the company’s customer has been reaching 18,4 million or increase around 82% from the last year (www.okezone.com).

Credit sector increasing by significantly

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As per statistic data from the Central Bank on February 2008 (26/04/2008), the credit’s growth in outside Java has increasing with significantly. DKI Jakarta was reached 30,1% from Rp. 388,786 trillion become to Rp. 586,185 trillion.  

In North Sumatera the credit’s growht is reaching 33,4% from Rp. 40,783 trillion become to Rp. 54,047 trillion and at South Sulawesi the credit’s growth is increasing around 32% from Rp. 16,427 trillion become to Rp. 21,690 trillion. 

The credit’s growth also has increasing at East Kalimantan, the increase is around 26,5% from Rp. 12,319 trillion become to Rp. 15,589 trillion (www.okezone.com).

Bakrie join with Jakpro on freeway project

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PT Bakrieland Development Tbk (Bakrie) and PT Jakarta Propertindo Tbk (Jakpro) was agreed to joint and planning to build the property and infrastucture projects, especially in freeway access at Ulujami-Kebon Jeruk (W2). 

Director of Jakpro, IGKG Suena, said that the agreement is for the project financing. Currently the projects are consisting of PT Jasa Marga Tbk and Jakpro. On this project, Indonesia Highway Corporation as one of stockholder’s has owned 65% of shares. 

Beside this project, Bakrie and Jakpro also agree to joint and built 1.5 kilo metres of length for airport at Panjang Island in Thousand Islands. 

Jakpro is Municipal Corporation who owned by Government of DKI Jakarta which focus on property and infrastructure projects (www.mediaindonesia.com). 

 

Bekasi, the next target of Summarecon

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One of the leading property business in Indonesia and also has publicly listed firm, PT Summarecon Agung, Tbk has plan to expand their business by building almost 30 thousands of houses for middle and upper-income families at West Bekasi. 

As we know that currently, the company was succed to build their property business image such as Kelapa Gading (North Jakarta), Gading Serpong (Tangerang-Banten) and the others property sectors. 

To realize this houses project, Summarecon has needed to prepared and allocated their investment to the amount of Rp. 275 billion or equivalent with USD 29.8 million . 

The company sure that the demand for houses has increased following stronger public purchasing power and favorable interest rates. 

Since established in 1975 by Mr. Soetjipto Nagaria, Summarecon Agung commenced operations in mid 1976 with start to development of a 10 Ha housing estate in Kelapa Gading Permai (www.summarecon.com).

Who is the really richest man in Indonesia?

The world’s billionaires and which Indonesians are among them. Indonesian citizens who made it onto the Forbes’ “The World’s Billionaires” list, out of a total of 1125 people in the worldwide.  

Sukanto Tanoto (aged 58), originally from Medan in North Sumatra, and owner of the holding company PT Raja Garuda Mas International (RGM International), leads the Indonesian rankings. Now, he lives in Singapore with net worth US$ 3.8 billion. 

Second position is Michael Hartono (aged 68) with net worth of US$2.0 billion, lives in Indonesia and the third posisition is R. Budi Hartono (aged 67) with net worth US$2.0 billion (owner of Djarum and BCA), lives in Indonesia. Fourth posisition is Martua Sitorus (aged 48) with net worth US$1.9 billion (owner of Wilmar International), lives in Singapore and the fifth position is Peter Sondakh (aged 56) with net worth US$1.2 billion (owner of Rajawali Group), lives in Indonesia (www.indonesiamatters.com). 

Aburizal Bakrie (owner of Bakrie Group), who only three months ago was named by Forbes Asia as Indonesia’s richest man, inexplicably didn’t make the cut for this list, and nor did Eka Tjipta Widjaja (owner of Sinar Mas Group), and Putera Sampoerna (owner of Sampoerna Strategic).

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