In the end I was able to see first hand one of the six plants Tata Motors in India in early July. And I deserve to take my hat off to India, especially Tata Motors already has a facility that motor vehicle industry that is not exactly small.
Tata Motors plant in Pune, Maharashtra is the second largest after the first plant in Jamshedpur which is active since 1954, after the plant is used as a starting locomotive 1945.
Initially I suspect manufacturing facility in Pune like Tata Motors car assembly plant generally in Karawang, Indonesia. Because of that, when I and a group of journalists asked to fill three vans no glass window, my forehead was wrinkled. “The car rides? As if still further? “Inner me.
“Please you select the van that we have provided. All can sit on the side of the window. We will guide you around the Tata Motors manufacturing facility here, “said the man was an employee of Tata Motors.
Without asking, I then select the leading van and took a stool at the side of the door. My goal, so that when he arrived at the location of the assembly plant, I could go down more quickly.
But my guess fumble. Tata Motors factory is very large, unlike the automobile factories in the country I have ever visited. Tata Motors factories around the facility on foot it seems like you are doing.
Extensive manufacturing facilities in Pune Tata Motors reached 325 hectares. This means three times the size of land owned Toyota’s manufacturing facility in Karawang.
So no wonder if Tata Motors presents ‘fleet travel’ to support guests who do a factory visit. And unique, it turns out the car that we crawled inch by inch in the Tata Motors factory. But if the Toyota or Honda factory in Karawang we simply walk away.
“Imagine if we had to walk, it can be drunk. Huge turn out. It’s hell, one-stop manufacturing. Steel entrance, exit (factory) so the car, “said journalist friend, while comparing with vehicle manufacturing facility in Indonesia.
Yes, that was the fact. Tata Motors factory is not only large, but also has great equipment supported to be able to build the car from zero.
I own a close look at how Tata Motors assisted robotic technology capable, builds transmission system, axle, suspension, chassis, body panels, until the machine. In this factory not only assembled commercial vehicles, but also passenger vehicles, such as the Tata Indica.
So it’s not like the world automobile factories in Indonesia, which only gives us assemble ration-penel body panels, interior, and engine. While the bolts were still imported from Thailand.
What about the quality of the products produced from Tata Motors plant? It tastes pretty common question answered by giving evidence that some truck and bus transmission system Mercedes-Benz was also made at the Tata Motors facility in Pune.
And, the leader in India’s commercial vehicle sales also have to build heavy military vehicles, including large trucks ballistic missile launchers. Remarkably, all can be done at the Tata Motors facility.
In the end I was able to see first hand one of the six plants Tata Motors in India in early July. And I deserve to take my hat off to India, especially Tata Motors already has a facility that motor vehicle industry that is not exactly small.
Efma, an association whose membership includes nearly one-third of the world’s large retail banks, and Accenture have jointly launched a global program to identify and award banks for leading-edge customer innovations.
The newly-launched “Efma-Accenture Distribution & Marketing Innovation Programme” – an annual award – seeks technology and operational innovations in customer-facing areas of retail banks – such as branch, online, and mobile banking – and in technology-areas such as customer-analytics and Big Data.
The program solicits case studies of groundbreaking customer innovations by retail banks globally within six categories: Digital and Mobi
BOGOR-Who says business takjil during Ramadan is home-based business with minimal turnover. In Bogor, turnover of the business is actually small medium businesses billions of dollars.
During the last six days, the velocity of money to commodities takjil Ramadan City Rain turns to reach Rp 4 billion. Average daily transaction estimated at Rp680 million.
This does not include culinary shopping “street” during fasting, such as in the cafe tent, stalls pecel catfish, seafood or cottage. The transaction is expected to double, from 3 billion to 6 billion per night.
A trader takjil in Jalan Padjadjaran, Ernie claimed could sell 200 packs per day. “Not only compote, but there lupis, golosor noodles, and fried foods. The price is Rp 5,000 per pack, so my turnover approximately one million dollars. Fortunately Rp200 thousand per day, “he explained.
At least there are five centers takjil in Bogor, which is in Housing Yasmin, Jalan Tegalgundil Bantarjati, Suryakencana Street, Fountain Roundabout, and the dam area. Not infrequently, the height of the seasonal market spill resulted in congestion due to the crowds of visitors.
On average in every village there are 10 traders takjil, it is estimated that there are 680 traders takjil in 68 villages in the city of Bogor. When a trader doing an average transaction of Rp 1 million, then the velocity of money to commodities takjil around Rp680 million.
“That figure is logical, very logical. Bogor is quite consumptive, so that small and medium enterprises (SMEs) in the field of culinary enthusiasts never quiet, “said the Chairman of the Chamber of Commerce and Industry (Kadin) Bogor, Radar Bogor to Erik Suganda (Group JPNN), yesterday.
Erik said, Bogor City Chamber of Commerce study culinary related transactions always scored five feet high. “From the afternoon, at about 16:00 in the morning until late, transaction hawkers around Rp3 billion. At Ramadan, increased 100 percent because many people break their fast on the outside of the house, “he explained.
Meanwhile, economic observers Bogor, Nusa Muktiaji said the high turnover of describing a culture of consumption. “It tends to over-consumptive culture. A number of commodities which is usually not consumed, it sought during Ramadan, such as pastries, “he said.
PT Global Mediacom Tbk (BMTR) posted a profit for the year in the first half of 2013 amounted to Rp982 billion, up by 16.6 percent compared to the acquisition in 2012 of Rp842 billion.
The company’s revenue also rose to Rp 4, 81 trillion in the first half of 2013 compared with the previous Rp 4, 15 trillion. Direct cost the company up to Rp2, 56 trillion, compared with the previous 2012 amounted to Rp2, 26 trillion.
The company’s gross profit increased to Rp2, 25 trillion in the first half of 2013 compared with the previous year 2012 amounting to Rp1, 89 trillion.
Cash and cash equivalents per the company’s June 30, 2013 amounted to Rp870 billion compared to the previous year 2012 amounting to Rp862 billion.
Current assets of the company by June 30, 2013 amounted to Rp11, 90 trillion, compared with the previous December 31, 2012 amounting to Rp10, 78 trillion. The amount of the company’s non-current assets as at 30 June 2013 to Rp 9, 87 trillion compared to December 31, 2012 amounting to Rp 9, 21 trillion.
Total liabilities of the company as at 30 June 2013 to Rp 6, 39 trillion, compared with the previous December 31, 2012 amounting to Rp 5, 69 trillion. While the company’s total equity as at 30 June 2013 to Rp15, 38 trillion compared to the previous December 31, 2012 amounted to Rp14, 29 trillion.
Since it opened last February 2012, the restaurant Joanne Trattoria often accompanied by harsh criticism. Many say the dishes are overpriced and not tasty. In fact, the New York Daily News called it “the worst thing after herpes’.
Joanne Trattoria is a restaurant owned by Joseph and Cynthia Germanotta, Lady Gaga’s parents. Charles Arthur Smith who was once Oprah Winfrey’s personal chef for many years, serving as executive chef at the restaurant. He serves home-style Italian dishes. Celebrity Katie Holmes and her daughter often stopped here.
Although his family managed, Gaga does not have a stake in this business. He himself had commented on Joanne Trattoria to the Elvis Duran radio broadcaster. “I’m on a diet because my weight was up about 11 pounds … my dad dish at the restaurant is very good, but my weight increased 2 kg each of my meals there,” the singer said, as quoted by the Daily Mail (29/9 / 12).
Unfortunately, Joanne Trattoria continues to receive harsh criticism. Recent comments written by critic Michael Kaminer in the New York Daily News on Wednesday (09.26.12). “I came with an open mind, even though most of my colleagues describe Joanne as the worst thing after herpes,” he wrote.
He presented a tasting focaccia bread on the table. “Four pieces ‘Chef Art’s Wood Oven Baked Focaccia’ pale and taste bland has a texture like sponge washing dishes,” Kaminer describes.
He also highlighted the equivalent price of a fancy restaurant menu dining experience although not as fine dining. According to him, Fried Calamari for $ 18 (about USD 172,000) looks messy, greasy, and more flour than the squid-cuminya. Meanwhile, the sauce tasted like instant seasoning marinaranya.
At the end of the article, he summarizes that eating place is far from good. Kaminer also mentioned the news that Chef Joanne Trattoria Smith had left without a word as to pursue other projects.
Kaminer was not the only person who wrote a bad review about Joanne Trattoria. Steve Cuozzo of the New York Post said that “2.5 hours dining here feels like days.” Meanwhile, Leo Carey of The New Yorker wrote that the Grilled Calamari salad was bland and not flavorful roast.
According to the Daily Mail, positive reviews on the website Zagat and Yelp! focus more on the cozy atmosphere of the restaurant. One user Zagat writes: “The owner, Cynthia, was very enjoyable. Food is awesome. Ministry quickly. Atmosphere is comfortable.”.
One of the critical turning customer reviews on New York Daily News. “The depiction in the media is inaccurate. Seems they only sell the sensational story,” he said. He added that the New York Daily News did not mention the warm atmosphere created by the staff restaurant to all customers.
Industry Minister Mohamad Suleman Hidayat, said the production of environmentally friendly cars cheap (low cost green car) this year could reach 75 thousand units. »Less than 75 thousand units, but I am optimistic that it can produce for it,” he said at the office of the Coordinating Ministry for Economic Affairs, Monday, July 8, 2013.
Hidayat said that if it can produce at full capacity, the LCGC Indonesian market is estimated to reach 300 thousand units a year. Until now, he said, there are some manufacturers who already produce LCGC as a stock. But, he could not be sure how many cars that have been produced.
Regarding the price, Hidayat sure that the limit price of USD 95 million off the road not to burden the manufacturers. According to him, the benchmark price of a maximum selling price. Prices may increase or decrease based on the addition features such as transmissions or if manufacturers develop new technologies. »There’s still space price, for transmission problems 15 percent, if new technologies develop 20 percent. Later clever-clever businessman only in counting, “he said.
Earlier, President Director of Astra Daihatsu Motor, Sudirman, estimates it could produce a green car 40 thousand units this year. The amount of 40 thousand units include, Toyota Agya and Daihatsu Ayla. Daihatsu aims to sell 3 thousand units per month.
Previously, the government has issued Government Regulation No. 41 of 2013 on taxable goods belonging to a Luxury Vehicle. The rule provides incentives luxury sales tax deduction (GOODS) some types of cars with specific fuel consumption. Jutlak Kemenperin a rule derived from the PP.
Luxury sales tax exemption incentives given to cars with a maximum engine capacity of 1200 cc with fuel consumption of at least 20 kilometers per liter. Tax exemption also applies to manufacturers of motor vehicle diesel / semi diesel with a maximum engine capacity of 1,500 cc and fuel consumption of at least 20 kilometers per liter. In addition, there are incentives for low emission vehicles (Low Cost Emission / LCE) with fuel consumption in the range of 20-28 kilometers per liter.
Approaching Idul Fitri 1434 H, tradition begun buying new clothes. At least it felt a distro clothing store in the city of Magelang. Less than a week this Eid, clothing distributions consumer hired selling well.
Owner Abiersam Distro Outlets, Nurul Tina Herath said, as in previous years whenever approaching Eid shop is always crowded. In fact, the level of crowd stores have started up since the beginning of Ramadan.
“Maybe it’s a blessing month of Ramadan. Thankful sales began there was an increase. Buyer majority of young people, because it is identical distributions with the youth,” he said at his shop Sarwo Edi Wibowo Jl Magelang, Wednesday (31/7).
She said, stepping on third week begun selling turnover Radaman no significant increase. If in ordinary moon is only able to sell at least 20 pieces of clothing per day, has now reached about 200 pieces.
Different from last year, this year he said the T-shirts with simple designs (plain) without printing is preferred. Likewise shirt material jeans (denim) and plain boxes and a trend that many consumers hunted.
“Denim again favored young children. Though the motive is rather old (old school), but turned back favored. Prices are also relatively inexpensive, which is between Rp 115 thousand to Rp 145 thousand per piece,” he said.
Saw an increase in sales, Tina admitted, before the month of Ramadan it is adding a lot more stock than usual. Stock may be increased 100 percent in anticipation of increased demand, especially two days or a day before Hari Raya Fitri.
“This also includes adding new stock much loved young people of pants, t-shirts, shirts, to shoes and handbags. Goods from Jakarta, Bandung, and other major cities,” he said.
The same thing is felt also by the distro Eighteen stores in Magelang Pakelan. One of its employees, claiming Wijanarto, selling clothes in his shop sold distro Lebaran holiday season is approaching.
“Although the competition is too tight, but the distributions of interest among young people continues to rise. Crowded at this time we can sell 100 pieces per day, even the H-2 and H-1 can Lebaran 400 pieces. This number is up significantly from the usual that’s only 30 pieces, “he admits.
JAKARTA – Capital market analysts, Pardomuan Sihombing said that the decision of the judges of Corruption (Corruption) in a case of IM2, causing fears of capital market investors. Because the regulations are not clear can ensnare anyone who is doing business in Indonesia.
“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, told reporters on Friday (19/7).
It is said, that investors will invest into doubt whether the investment fund to be back or not, when the company suddenly entangled case. Doubt it, he added, is very clearly threatens the entire industry.
“Investors need legal certainty, because that’s what makes the industry rules become clear, so as to ensure the development of the telecommunications industry,” he said.
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.
As information, on Monday (8/7) Corruption Court sentenced former Director of IM2, Indar Atmanto to 4 years imprisonment with a fine of Rp200 million with subsidiary imprisonment of 3 months. Judge fines also punish IM2 pay Rp1, 3 trillion. Judges-network cooperation Indosat IM2 there are elements 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 other telecommunications operators.
In fact, the communication sector alone contributes to Rp11, 8 trillion in revenues and in 2012. This figure is the biggest revenue for Indonesia in addition to the energy and mineral resources.
Responding to the verdict, Indonesian Infocom Society (Mastel) and the Indonesian Telecommunications Regulatory Body (BRTI) have reported the presiding judge to the Judicial Commission.
Mastel judge there are allegations of violations of the code of conduct by the presiding judge in the case. “There are some points that filed a complaint to the Judicial Commission, namely that the judges in check and try not professional in understanding the case filed,” said Mastel Chairman, Setyanto P. Santosa.
Setyanto judging, the judges are not being fair in making its decision. According to him, the judges only listen to experts from the Public Prosecutor (PP). and ignore the official opinion of the Ministry of Communications and Information Technology as the regulator Telekomunikasi Indonesia.
PT Kalbe Farma Tbk (KLBF) recorded a net profit of Rp924, 150 billion during the first half of 2013. The net income growth from the previous year amounting to Rp807, 832 billion.
Quoted from financial reports, on Wednesday (07/31/2013), basic earnings per share of pharmaceutical and healthcare products company that was increased to Rp20 per share from the previous year Rp17 per share.
The increase was driven by sales of products that make the company’s revenue of Rp 7, 421 billion in the period January to June 2013. The revenue growth over the previous year of Rp 6, 243 trillion.
The Company also recorded a gross profit in the January-June 2013 amounted to Rp3, 622 trillion, up from the previous year amounting to Rp3, 063 trillion.
Income before income tax expense was also recorded at Rp1, 22 trillion increase over the previous year amounting to Rp1, 08 trillion.
PT Astra International Tbk (ASII) earned a net profit of Rp 8.8 trillion in the first half of 2013, the figure fell 9.2% from the previous year’s profit in the same period amounted to Rp 9.7 trillion.
Astra also slowed turnover, from Rp 95.9 trillion in the first six months of 2012 to Rp 94.3 trillion this year. Earnings per share also decreased by 9% to Rp 218 per share.
“Although the outlook remains positive domestic demand, increased competition in the automobile market, the rise in labor costs (Provincial Minimum Wage / UMP) and the decline in commodity prices expected to affect the performance of the business in the second half of this year,” said President Director of Astra International Prijono Sugiarto in press release the company, on Tuesday (30/7/20130.
Astra Group activities focus on six core business lines, namely Automotive Division, Financial Services, Heavy Equipment and Mining, Agribusiness, Infrastructure and Logistics, and Information Technology with the following details: Automotive Division Automotive Division’s net profit fell by 10% to Rp 4, 4 trillion, consisting of Rp 1.9 trillion from the Company and its subsidiaries, as well as Rp 2.5 trillion from associates and jointly controlled entities in the automotive field.
Throughout the first half of 2013, demand for motor vehicles remains high, supported by rising incomes and loan interest rates are still affordable. However, increased competition due to increased domestic production capacity and the high cost of labor has led to decrease in net income contribution from the automotive segment.
Regulatory minimum down payment on auto financing imposed sharia financing for companies since January 1, 2013 and the bank on 1 April 2013, had little impact on the first half performance of the Company. Meanwhile, it is still too early to estimate the impact of rising fuel prices that occurred in late June, the automotive sales.
Total national car sales rose 12% to 602,000 units. Astra’s car sales (Toyota, Daihatsu, Isuzu, UD Trucks and Peugeot) increased 6% to 321,000 units, with a market share decreased from 56% to 53%.
In the first half of Astra launch six new models and eight facelift models. Meanwhile, national motorcycle sales rose 6% to 3.9 million units. Honda motorcycle sales output of PT Astra Honda Motor (AHM) rose 12% to 2.4 million units, with an increase in market share from 57% to 60%. In the first half of 2013, PT Astra Honda Motor launched two new models and five facelift models.
PT Astra Otoparts Tbk (AOP), a company in the field of automotive components, which is 80% owned by the Company, recorded a net profit of Rp 519 billion, down 2%, where 71% is the contribution from associates and jointly controlled entities.
Decrease in net income was primarily due to increased labor costs, although there was an increase in sales in the segment of Original Equipment Manufacturer (OEM) replacement parts and export markets. In the second quarter of Astra Otoparts have to issue new shares amounting to Rp 3 trillion to strengthen its capital structure.
Astra International also has sold 15.7% stake in Astra Otoparts to increase liquidity in the stock market, which results in a transaction value of Rp 2.8 trillion. In April, Astra Otoparts acquire 51% stake in PT Pakoakuina, manufacturer of alloy wheels for four-wheeled vehicles and two-wheeler valued at USD 700 billion by taking all new shares issued.
The government has announced tax incentives aimed at encouraging the production of Low Cost Green Car (LCGC) in the country. Astra Group has products that comply with the government regulations that Astra Toyota Agya and Astra Daihatsu Ayla is expected to begin to be distributed in August with a production capacity of 10,000 units per month.
Division of Financial Services Division of Financial Services Net income increased 19% to Rp 2.1 trillion. Total financing through Astra automotive finance business consisting of Federal International Finance (FIF), Astra Credit Companies (ACC), and Toyota Astra Financial Services (TAFS) increased 6% to Rp 27.8 trillion, including joint financing through bank financing without recourse .
Total weight of equipment financing through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance fell 42% to Rp 2.6 trillion as a result of declining sales of heavy equipment.
PT Bank Permata Tbk is 44.6% owned by the Company, posted a net profit increase of 15% to Rp 818 billion. Net interest income increased driven by higher loan growth of 27%, despite the increase in operating costs.
PT Asuransi Astra Buana (AAB) subsidiaries engaged in insurance business had a net profit due to higher growth in gross premium income in excess of the increased cost of reinsurance and claims costs.
Heavy Equipment and Mining Division of Net Income and Mining Equipment division fell 24% to Rp 1.4 trillion. PT United Tractors Tbk (UT), which is 59.5% owned by the Company, reported a 25% drop in net income to Rp 2.3 trillion, while net income decreased by 19%.
Business segment net revenue of construction machinery fell 40%, due to lower sales of Komatsu heavy equipment by 42% to 2,452 units. This happens due to decreased demand from the mining sector, especially for large units.
Pamapersada PT Nusantara (PAMA), a subsidiary of mining contractor UT benefited from the increasing mining capacity. PAMA reported net income increased by 12% because the increase in contract coal by 12% to 50 million tonnes of construction and earthmoving contracts (overburden removal) increased 2% to 414 million bcm.
UT subsidiaries in mining reported net income decreased by 44%, which is caused by the decrease in coal sales by 29% to 2.2 million tons. Decline in coal prices and rising fuel prices have a negative impact on net income.
Division Agribusiness Agribusiness Division’s net profit decreased by 25% to Rp 571 billion. PT Astra Agro Lestari Tbk (AAL), which is 79.7% owned by the Company, reported net income of Rp 717 billion.
Although palm oil production increased 11% to 704,000 tons, revenue declined 3% to Rp 5.5 trillion, caused by a decline in the average price of CPO by 16% to Rp 6.638/kg. The decline in revenue is accompanied with the high cost of production and operating costs, resulting in lower net profit.
AAL has started constructing an oil refinery in West Sulawesi, which will change from the crude palm oil plantation in Kalimantan and Sulawesi into olein and stearin. Oil refinery was built at a cost of Rp 750 billion is expected to be operational in early 2014 with a production capacity of 2,000 tons per day.
Infrastructure and Logistics Division Net income Infrastructure and Logistics Division declined by 29% to Rp 223 billion. PT Marga Mandala Sakti (MMS), which operates the toll road operator pathway Tangerang – Merak along 72.5 km, which is 79.3% owned by the Company, noted an increase in the volume of vehicle traffic by 11% to 20 million vehicles. PT PAM Lyonnaise Jaya (PALYJA), a leading provider of clean water in the area west of Jakarta, reported a slight decrease in sales volume of clean water to 78 million m3.
PT Serasi Autoraya (SERA), recorded an increase in revenue, mainly supported by the increasing number of vehicles on contract hire vehicle rental business TRAC 2% with the number of vehicles of more than 31,000 units. The high cost of depreciation and operating costs resulted in decrease in profit by 27% to Rp 97 billion.
Division of Information Technology and Net income and Information Technology Division of Rp 55 billion, up 2% compared to the first half of 2012. PT Astra Graphia Tbk (AG), a company engaged in the field of information technology and the sole agent of Fuji Xerox in Indonesia, which is 76.9% owned by the Company, recorded a net profit of Rp 72 billion, up 2% compared to the same period in ago.