JAKARTA - Bank Mandiri to allocate funds around Rp500 billion to its customers / end users in terms of credit financing partnership with Indomobil Finance Indonesia (Indomobil Finance). This is part of the transaction in the Commercial Banking Bank Mandiri to accelerate the distribution of credit to the community.
Allocation was in line with the signing of the Cooperation Agreement (MCC) Financing Joint ownership of a vehicle between Bank Mandiri to Finance Indomobil Zulkifli Zaini signed by the Director of Commercial Banking of Bank Mandiri, Abdul Rachman Director of Special Asset Management, Bank Mandiri, Jusak Kertowidjojo Indomobil Finance Director and Director Alex Sutisna Indomobil Finance.
It is said Director Commercial Banking Bank Mandiri Zulkifli Zaini, the withdrawal period with the facility of Rp500 billion limit is 18 months from the signing of the MCC and could be extended. The applicable portion of financing is 95% of Bank Mandiri and 5% Indomobil Finance.
"The period of financing customer / end user maximum 36 (thirty six) months from the date of withdrawal of co-operation facilities," Jusak Kertowidjojo, President Director of Indomobil Finance.
Indomobil Finance is a company incorporated in the Indomobil Group. Indomobil Group is the Sole Agent Brand Holder (ATPM) and also as a distributor of 10 (ten) brand four-wheel drive is Audi, Hino, Mazda, Nissan, Renault, Suzuki, Ssangyong, Volkwagen, Volvo and Chery, with a range of products including wheeled vehicles two, four wheels, trade, trucks, buses, heavy equipment and public transport vehicles. Including motorcycles ATPM Suzuki brand.
Although in the first semester of 2009 this had been a decline in business, but we remain optimistic in the second semester 2009 to 2010 the automotive business will improve in line with the increased purchasing power that will encourage domestic business development opportunities, including motorcycle and automobile financing.
"We are optimistic that this cooperation will work well and will provide benefits to both parties, because the network is supported by extensive marketing of Indomobil Finance, in addition to long experience in financing business that was already proven that Indomobil Finance to maintain good portfolio quality," said Zulkifli Zaini.
In addition to cooperation with credit financing, the two companies also signed a Cooperation Cash Management - Independent Open Payment of Bank Mandiri to Finance Indomobil of Bank Mandiri, the use of channels for the installment payment Indomobil Finance end users.
"We believe Network Bank Mandiri, which can be extensive added value for Indomobil Finance in terms of the installment payment collection so that end users can better optimize Indomobil cash flow," said Zulkifli Zaini.
He explained, customers can take advantage of electronic networks including ATM Mandiri Bank Mandiri, Mandiri Internet Banking and SMS Banking Mandiri to deposit the installment payments.
Indomobil Finance currently has a network of 73 branches and 114 outlets across Indonesia and is fully supported by the dealer Indomobil. IFI marketing territory covers Greater Jakarta, Sumatra, Kalimantan, Sulawesi, Bali and Nusa Tenggara
Senin, 26 Oktober 2009
Finance Asia's Best Companies Award 2009 for OCBC NISP
In line with the goal to become "Your Partner for Life" OCBC Bank NISP keep trying to provide products and best services to all its stakeholders. This can be proved by obtaining the confidence of the analyst and investor capital markets and financial markets that choose OCBC Bank NISP as one of the best Asian companies in Indonesia through the receipt of an award as Asia's Best Companies 2009 for Best Mid Cap (companies with market capitalization over USD 500 million) from Indonesia and is the only bank that fall into this category. This prestigious award conducted by Finance Asia Magazine, a magazine published in Hong Kong through Polling system.
Unlike other polling using a questionnaire method, the Asia's Best Companies Poll, the FinanceAsia directly to the investor interviews and analyst different from each country in order to obtain first hand information. In addition, FinanceAsia did not do an interview to the investor and analyst who has a direct relationship with the company concerned to avoid conflicts of interest, making a more independent assessment.
Overall, Polling was conducted in 10 (ten countries) include China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand involving approximately 250 investors and analyst. For each country, there are 7 categories given the Best Managed Company, Best Corporate Governance, Best Investor Relations, CSR Best, Most Committed to a Strong Dividend Policy, Best Mid Cap and Small Cap Best.
Of the award took place at Hotel Shangri La Jakarta on June 29, 2009 which was attended by all the winners. Acceptance Award OCBC Bank NISP was represented by Mr. P. Rama Kusumaputra. "We are very proud to receive this award, because we believe this can be achieved with hard work from all members of OCBC Bank NISP. Award is once again a challenge to keep doing the best that we can keep it in the years to be dating," said Rama .
This award is for secondary received by OCBC Bank NISP, OCBC Bank after NISP also received Asia's Best Companies 2005 for Best Small Cap (maximum market capitalization of $ 500 million).
FinanceAsia was founded in 1996 and is a leading publishing company in Hong Kong and has bureaus in Singapore and Sydney. Since 2005, FinanceAsia wholly owned by Haymarket Publishing, one of the largest publishing companies in the UK. FinanceAsia output products include the FinanceAsia magazine that specializes in the field of discussion of capital market and banking with a circulation ranging from Australia to Vietnam.
Unlike other polling using a questionnaire method, the Asia's Best Companies Poll, the FinanceAsia directly to the investor interviews and analyst different from each country in order to obtain first hand information. In addition, FinanceAsia did not do an interview to the investor and analyst who has a direct relationship with the company concerned to avoid conflicts of interest, making a more independent assessment.
Overall, Polling was conducted in 10 (ten countries) include China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand involving approximately 250 investors and analyst. For each country, there are 7 categories given the Best Managed Company, Best Corporate Governance, Best Investor Relations, CSR Best, Most Committed to a Strong Dividend Policy, Best Mid Cap and Small Cap Best.
Of the award took place at Hotel Shangri La Jakarta on June 29, 2009 which was attended by all the winners. Acceptance Award OCBC Bank NISP was represented by Mr. P. Rama Kusumaputra. "We are very proud to receive this award, because we believe this can be achieved with hard work from all members of OCBC Bank NISP. Award is once again a challenge to keep doing the best that we can keep it in the years to be dating," said Rama .
This award is for secondary received by OCBC Bank NISP, OCBC Bank after NISP also received Asia's Best Companies 2005 for Best Small Cap (maximum market capitalization of $ 500 million).
FinanceAsia was founded in 1996 and is a leading publishing company in Hong Kong and has bureaus in Singapore and Sydney. Since 2005, FinanceAsia wholly owned by Haymarket Publishing, one of the largest publishing companies in the UK. FinanceAsia output products include the FinanceAsia magazine that specializes in the field of discussion of capital market and banking with a circulation ranging from Australia to Vietnam.
Buana Finance Profit Down 21%
AKARTA - financing company PT Buana Finance Tbk (BBLD) recorded a net profit decline in fiscal year 2007 of 21 percent. Net income was down from Rp98, 614 billion to Rp77, 504 billion.
As quoted from the published financial statements of companies, in Jakarta, Monday (24/3/2008), this decline in net profit due to increased operating expenses that are not comparable to the increase in income.
Operating expenses increased from Rp96, 113 billion to Rp140, 567 billion. While revenues increased by only a thin from Rp236, 984 billion to Rp252, 394 billion. So that the profit before tax down from Rp140, 871 billion to Rp111, 827 billion
As quoted from the published financial statements of companies, in Jakarta, Monday (24/3/2008), this decline in net profit due to increased operating expenses that are not comparable to the increase in income.
Operating expenses increased from Rp96, 113 billion to Rp140, 567 billion. While revenues increased by only a thin from Rp236, 984 billion to Rp252, 394 billion. So that the profit before tax down from Rp140, 871 billion to Rp111, 827 billion
Buana Finance Financing Still Rely Bank Debt
JAKARTA - financing company PT Buana Finance Tbk, this year still rely on funding from bank loans and internal cash.
"In February, the company obtained a loan facility of $ 30 million from Standard Chartered Bank which is converted in the currency of rupiah (principal only swap)," said Director RC Eko S Budianto, in his report to the Indonesia Stock Exchange in Jakarta on Friday (23 / 5 / 2008).
Earlier, in 2007 the company also relies on past loans from the syndicate of banks, Bank NISP, Bank Mega Rp500 billion to Rp330 billion utilization. Syndicated loan facility and Chinatrust utilization USD28 million with $ 25 million.
The funding from bank loans will be used for the addition of new branch offices, in major cities such as Samarinda, Denpasar, Pontianak, Bekasi, Kedoya, Serpong, Sampit, and Palangkaraya. Also an increase in the productivity of the existing branch at the moment.
Besides that, until now the number of branch offices reached 14 offices, with a market share in the segment of lease financing and consumer financing rose from 1.21 percent to 1.26 percent.
Meanwhile, the stock ownership composition Buana Finance include PT Sari Dasa Karsa 69.43 percent, PT Asuransi Bina Dana Arta Tbk 7.91 percent, 22.66 percent and the community.
Meanwhile, the composition of the warrant holder include PTD CIMB GK Securities Ltd. as much as 78.36 percent, Bangkok Bank Public Co. Ltd. 12.37 percent and 9.27 percent of the public.
"In February, the company obtained a loan facility of $ 30 million from Standard Chartered Bank which is converted in the currency of rupiah (principal only swap)," said Director RC Eko S Budianto, in his report to the Indonesia Stock Exchange in Jakarta on Friday (23 / 5 / 2008).
Earlier, in 2007 the company also relies on past loans from the syndicate of banks, Bank NISP, Bank Mega Rp500 billion to Rp330 billion utilization. Syndicated loan facility and Chinatrust utilization USD28 million with $ 25 million.
The funding from bank loans will be used for the addition of new branch offices, in major cities such as Samarinda, Denpasar, Pontianak, Bekasi, Kedoya, Serpong, Sampit, and Palangkaraya. Also an increase in the productivity of the existing branch at the moment.
Besides that, until now the number of branch offices reached 14 offices, with a market share in the segment of lease financing and consumer financing rose from 1.21 percent to 1.26 percent.
Meanwhile, the stock ownership composition Buana Finance include PT Sari Dasa Karsa 69.43 percent, PT Asuransi Bina Dana Arta Tbk 7.91 percent, 22.66 percent and the community.
Meanwhile, the composition of the warrant holder include PTD CIMB GK Securities Ltd. as much as 78.36 percent, Bangkok Bank Public Co. Ltd. 12.37 percent and 9.27 percent of the public.
Buana Finance Loan Can Rp90 M
JAKARTA - PT Buana Finance Tbk (BBLD) has signed a credit facility agreement with Maybank Indocorp. This is in connection with a loan from Maybank to the company for Rp90 billion.
This was conveyed by Buana Finance Director RC Eko S Budianto the disclosure of information on the Indonesia Stock Exchange (IDX), Saturday (31/5/2008)
According to him, the loan is secured by accounts receivable of the company's 110 percent of the amount owing. "Loan period is 36 months,"
This was conveyed by Buana Finance Director RC Eko S Budianto the disclosure of information on the Indonesia Stock Exchange (IDX), Saturday (31/5/2008)
According to him, the loan is secured by accounts receivable of the company's 110 percent of the amount owing. "Loan period is 36 months,"
Buana Finance Profit corrected 41%
JAKARTA - PT Buana Finance Tbk (BBLD) in the first half of 2008 net profit Rp32, 121 billion, or down 41 percent compared to the same period of 2007 Rp45, 190 billion. The increase in operating expenses, to trigger the growth decline.
"Net profit decline can not be separated from liability company which increased to Rp809, 301 before miilar of Rp542, 089 billion," said Corporate Secretary BBLD Sudiono Pujo, in Jakarta, Monday (4/8/2008).
Terkoreksinya growth this company, he explained, followed by a decline in operating profit to Rp46, 442 billion or down from the previous period Rp64, 925 billion and net earnings per share to fall from Rp23 or Rp32 previous period per share.
However he explained, the company earnings rose to Rp128, 575 miiar from the previous period Rp121, 606 billion.
"Net profit decline can not be separated from liability company which increased to Rp809, 301 before miilar of Rp542, 089 billion," said Corporate Secretary BBLD Sudiono Pujo, in Jakarta, Monday (4/8/2008).
Terkoreksinya growth this company, he explained, followed by a decline in operating profit to Rp46, 442 billion or down from the previous period Rp64, 925 billion and net earnings per share to fall from Rp23 or Rp32 previous period per share.
However he explained, the company earnings rose to Rp128, 575 miiar from the previous period Rp121, 606 billion.
Warrants Buana Finan ce Ditiadakan
AKARTA - Indonesia Stock Exchange Authority (IDX) immediately eliminate trade (delisting) the effect of warrants PT Buana Finance Tbk (BBLD-W) started on December 30, 2008.
It is as expressed by the Head of Trading, in his report on the Stock Exchange of information disclosure, in Jakarta, Monday (22/12/2008).
As for the trading of warrants BBLD-W in the regular market and the market negotiating until December 22, 2008 and in the cash market lasted until December 26, 2008.
He also added that the exercise of warrants into shares of PT Buana Finance Tbk (BBLD) still can be done until December 30 200
It is as expressed by the Head of Trading, in his report on the Stock Exchange of information disclosure, in Jakarta, Monday (22/12/2008).
As for the trading of warrants BBLD-W in the regular market and the market negotiating until December 22, 2008 and in the cash market lasted until December 26, 2008.
He also added that the exercise of warrants into shares of PT Buana Finance Tbk (BBLD) still can be done until December 30 200
Buana Finance Commissioner Resigned Self
AKARTA - PT Buana Finance Tbk (BBLD) receives the request letter of resignation of two commissioners perseroannya, Siang Hadi Widjaja ie who served as Commissioner and the office Wiraatmadja Suhanda a member company of the BOC.
"Both had filed his resignation as Commissioner and member of the Board of Commissioners of the company," said Director BBLD Buana Muljanto, the disclosure of information on the Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (27/5/2009).
Therefore, appointment of a replacement Board member will be done in the General Meeting of Shareholders (AGM) Annual which will be held on May 27, 2009, and effective after the approval of Bapepam-LK.
"Both had filed his resignation as Commissioner and member of the Board of Commissioners of the company," said Director BBLD Buana Muljanto, the disclosure of information on the Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (27/5/2009).
Therefore, appointment of a replacement Board member will be done in the General Meeting of Shareholders (AGM) Annual which will be held on May 27, 2009, and effective after the approval of Bapepam-LK.
Buana Finance Panin Bank Credit to Rp100 M
JAKARTA - PT Buana Finance Tbk (BBLD) has signed a credit agreement with PT Bank Panin Tbk (PNBN) Rp100 billion on October 13, 2009 yesterday.
This is as stated Director RC Eko S Budianto, in his report on information disclosure Indonesia Stock Exchange (IDX), Jakarta, Thursday (15/10/2009).
The loan is secured by accounts receivable of the company's 110 percent of the amount payable for the period of the loan facility is 24 months.
This is as stated Director RC Eko S Budianto, in his report on information disclosure Indonesia Stock Exchange (IDX), Jakarta, Thursday (15/10/2009).
The loan is secured by accounts receivable of the company's 110 percent of the amount payable for the period of the loan facility is 24 months.
Minggu, 25 Oktober 2009
3 Bonds Gain WOMF Rating idA -
JAKARTA - Indonesian Securities Agencies (Pefindo) idA rank-to three bonds owned by PT Wahana Ottomitra Multiartha Tbk (WOMF).
Ie bonds, bond II-2005 PT Wahana Ottomitra Multiartha Tbk (WOMF) worth Rp 500 billion, corporate bonds III-2006 worth Rp825 billion, and bonds valued at Rp1 trillion.
This was revealed Julius Pefindo analyst Teddy and Hendro Utomo, in a written statement published, Jakarta, Wednesday (6/5/2009).
In the statement, referred to the three bond rating companies reflects the strong support of the controlling shareholder, the diversified portfolio with a good and sufficient liquidity despite facing high debt to capital ratio.
For information, holders of shares of PT Bank Internasional Tbk (BBII) of 50.03 percent, the International Finance Corporation (IFC) of 11.97 percent, DBS Nominess five percent, and the public by 33 percent.
Just FYI, now WOMF has 53 branches, 87 sub-branches and 40 payment points and 470 cooperate with a motorcycle dealership distribution channel in Java, Sumatra, Bali, Kalimantan, and Sulawesi.
JCI trading session on the first, the stock price with the issuer code or WOMF strengthened Rp5 up five percent to the level of Rp105 per share.
Ie bonds, bond II-2005 PT Wahana Ottomitra Multiartha Tbk (WOMF) worth Rp 500 billion, corporate bonds III-2006 worth Rp825 billion, and bonds valued at Rp1 trillion.
This was revealed Julius Pefindo analyst Teddy and Hendro Utomo, in a written statement published, Jakarta, Wednesday (6/5/2009).
In the statement, referred to the three bond rating companies reflects the strong support of the controlling shareholder, the diversified portfolio with a good and sufficient liquidity despite facing high debt to capital ratio.
For information, holders of shares of PT Bank Internasional Tbk (BBII) of 50.03 percent, the International Finance Corporation (IFC) of 11.97 percent, DBS Nominess five percent, and the public by 33 percent.
Just FYI, now WOMF has 53 branches, 87 sub-branches and 40 payment points and 470 cooperate with a motorcycle dealership distribution channel in Java, Sumatra, Bali, Kalimantan, and Sulawesi.
JCI trading session on the first, the stock price with the issuer code or WOMF strengthened Rp5 up five percent to the level of Rp105 per share.
WOM Finance Bonds Pay Rp170 M
JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOM Finance) has made repayment of Bonds II-III in 2005 and Bond-2006, with a total value of Rp170 billion. Implementation of the payment has been made through the payment agent of the Custodian PT Sentral Efek Indonesia (KSEI), on Friday (5/6/2009).
This was revealed Corporate Secretary WOMF Fenfira Tedja, the disclosure of information on the Indonesia Stock Exchange (IDX), Jakarta, Wednesday (10/6/2009).
Main WOM Finance Bond II Year 2005 with an interest rate Series C worth Rp170 billion, which matures on June 7, 2009, and subject III WOM Finance bonds in 2006 with a fixed rate Series B worth Rp465 billion, which matures on June 7, 2009.
This regulation refers to the attachment decision XK1 No. of Chairman of Bapepam No. Kep-86/PM/1996 on January 17, 1996 about the disclosure of information that must be announced to the public,
Meanwhile, the Securities Agencies Indonesia (Pefindo) ranked idA-for PT Wahana Ottomitra Multiartha Tbk (WOMF) for Bonds II-III in 2005 and bonds-2006.
Ranks reflect the strong support of the controlling shareholder, the diversified portfolio with a good and sufficient liquidity even if faced by the high ratio of debt to capital.
Until now, corporate shareholders of BII for 50.03 percent, 11.97 percent of IFC, DBS Nominess five percent and 33 percent of public registration. WOMF now has 53 branches, 87 sub-branches and 40 payment points and 470 cooperate with a motorcycle dealership distribution channel in Java, Sumatra, Bali, Kalimantan, and Sulawesi.
This was revealed Corporate Secretary WOMF Fenfira Tedja, the disclosure of information on the Indonesia Stock Exchange (IDX), Jakarta, Wednesday (10/6/2009).
Main WOM Finance Bond II Year 2005 with an interest rate Series C worth Rp170 billion, which matures on June 7, 2009, and subject III WOM Finance bonds in 2006 with a fixed rate Series B worth Rp465 billion, which matures on June 7, 2009.
This regulation refers to the attachment decision XK1 No. of Chairman of Bapepam No. Kep-86/PM/1996 on January 17, 1996 about the disclosure of information that must be announced to the public,
Meanwhile, the Securities Agencies Indonesia (Pefindo) ranked idA-for PT Wahana Ottomitra Multiartha Tbk (WOMF) for Bonds II-III in 2005 and bonds-2006.
Ranks reflect the strong support of the controlling shareholder, the diversified portfolio with a good and sufficient liquidity even if faced by the high ratio of debt to capital.
Until now, corporate shareholders of BII for 50.03 percent, 11.97 percent of IFC, DBS Nominess five percent and 33 percent of public registration. WOMF now has 53 branches, 87 sub-branches and 40 payment points and 470 cooperate with a motorcycle dealership distribution channel in Java, Sumatra, Bali, Kalimantan, and Sulawesi.
WOM Finance Genjot Rp5 Trillion Projected Financing
JAKARTA - PT Wahana Ottomitra Multiartha Tbk (WOMF) would boost funding in the second half of this year to achieve financial targets in 2009 which set Rp5 trillion. Until the first half of 2009 WOM new financing channel Rp1, 9 trillion.
"At the beginning of last semester, our financing is a little slow," said Wom Finance Director President Director Kelvin Wiratno, in Jakarta, Thursday (3/9/2009).
He said the global economic crisis that began in the fourth quarter of last year to make the company more selective in distributing motorcycle loans this year. WOM he explained, he prefers the principle of prudence in order to suppress the number of problem loans (non-performing loans / NPL).
Until the first half of 2009, WOM managed to channel financing worth 160 thousand units Rp1, 9 trillion. As of August 2009, WOM managed to increase the financing of 255 thousand units Rp2, 7 trillion. "What is certain at the beginning of our little bit slow because we are more prudent," said Kelvin.
Yet clearly Kelvin, in the second half of this year will boost financing WOM so this year targeted credit of 400 thousand units worth Rp 5 trillion can be achieved. Total funding will be distributed in the motor used for the remaining 35 percent and 65 percent of new motorcycles. "We optmistis be achieved," he said.
Regarding funding largely through joint financing from the national banking system, especially PT Bank International Indonesia Tbk (BNII) as the main effort. The rest of the internal cash and other external funding without mentioning the composition of each of these funds.
This optimism he explained, seiringnya with the increasing demand for motor trend, especially towards the end of the year and Lebaran. According to him, the trend of increasing demand for motorcycles was also triggered by the decline in interest rates by Bank Indonesia (BI rate) to a level of 6.5 percent over inflation melandainya.
This condition is emphasized by the national bank's 14 policy which required lowering the maximum mortgage interest rates 150 basis points (bps) above the BI rate. "While this policy can not directly respond, but the trend will lead to an increase in the automobile industry," said Kelvin.
Kelvin said, to achieve financial targets this year the company sought to provide more benefits to existing customers (existing). One way is to give the program KAWAN (WOM Card Beneficial). This program is intended for WOM customer service by offering discounts and sweepstakes programs. "We see consumers are not only limited to customers within 2-3 years of credit period, but more than that," said Kelvin.
In addition, WOM is also clear that he will add branches in order to boost funding. In this year the company will add 20 branches to 160 branches from the previous 140. Per semester I-2009, WOM add a new branch office in South Sumatra. Until the end of the year the company will add approximately 19 branch offices spread in Sumatra, and Borneo. Investments budgeted each one office is estimated at Rp100-150 million to be funded from internal cash.
WOM-year funding target of Rp 5 trillion is equal to 2008. It's just the volume, has decreased from 487 thousand units in 2008 became only the approximately 400 thousand units this year. This decrease clearly Kelvin, because the decline in the national motor industry.
"At the beginning of last semester, our financing is a little slow," said Wom Finance Director President Director Kelvin Wiratno, in Jakarta, Thursday (3/9/2009).
He said the global economic crisis that began in the fourth quarter of last year to make the company more selective in distributing motorcycle loans this year. WOM he explained, he prefers the principle of prudence in order to suppress the number of problem loans (non-performing loans / NPL).
Until the first half of 2009, WOM managed to channel financing worth 160 thousand units Rp1, 9 trillion. As of August 2009, WOM managed to increase the financing of 255 thousand units Rp2, 7 trillion. "What is certain at the beginning of our little bit slow because we are more prudent," said Kelvin.
Yet clearly Kelvin, in the second half of this year will boost financing WOM so this year targeted credit of 400 thousand units worth Rp 5 trillion can be achieved. Total funding will be distributed in the motor used for the remaining 35 percent and 65 percent of new motorcycles. "We optmistis be achieved," he said.
Regarding funding largely through joint financing from the national banking system, especially PT Bank International Indonesia Tbk (BNII) as the main effort. The rest of the internal cash and other external funding without mentioning the composition of each of these funds.
This optimism he explained, seiringnya with the increasing demand for motor trend, especially towards the end of the year and Lebaran. According to him, the trend of increasing demand for motorcycles was also triggered by the decline in interest rates by Bank Indonesia (BI rate) to a level of 6.5 percent over inflation melandainya.
This condition is emphasized by the national bank's 14 policy which required lowering the maximum mortgage interest rates 150 basis points (bps) above the BI rate. "While this policy can not directly respond, but the trend will lead to an increase in the automobile industry," said Kelvin.
Kelvin said, to achieve financial targets this year the company sought to provide more benefits to existing customers (existing). One way is to give the program KAWAN (WOM Card Beneficial). This program is intended for WOM customer service by offering discounts and sweepstakes programs. "We see consumers are not only limited to customers within 2-3 years of credit period, but more than that," said Kelvin.
In addition, WOM is also clear that he will add branches in order to boost funding. In this year the company will add 20 branches to 160 branches from the previous 140. Per semester I-2009, WOM add a new branch office in South Sumatra. Until the end of the year the company will add approximately 19 branch offices spread in Sumatra, and Borneo. Investments budgeted each one office is estimated at Rp100-150 million to be funded from internal cash.
WOM-year funding target of Rp 5 trillion is equal to 2008. It's just the volume, has decreased from 487 thousand units in 2008 became only the approximately 400 thousand units this year. This decrease clearly Kelvin, because the decline in the national motor industry.
Kamis, 22 Oktober 2009
Claims Astro No Influence Financial Performance First Media
JAKARTA - Astro broadcast problem termination by the Director General of Post and Telecommunication was no impact on the financial performance of the main business of PT First Media Tbk (KBLV).
"Astro Claim no impact on the company's financial performance," said First Media Company Secretary Harianda Noerlan, in his report on the Stock Exchange disclosure Indonesia, in Jakarta, Sunday (2/11/2008).
The steps taken by the First Media themselves of them deny that the Astro (or any of Astro) has the right to file arbitration, litigation, and claims in the notice of arbitration.
In addition, it also has the right to fully describe the basics of counter-principal jurisdiction and the claim in a timely manner.
Meanwhile, PT Direct Vision, Astro shadowing, has been doing the same firm that conducted the First Media.
Harianda added, the company and any subsidiary has appointed a legal consultant to deal with the Astro lawsuit.
"First Media and Direct Vision has appointed simultaneously separate legal consultant," he said.
In addition, Harianda added, the Astro never tried to resolve the existing disputes using peaceful means or consultation.
As is known, broadcasts Astro All Asia Networks (AAAN) or Astro Malaysia to PT Direct Vision, starting Monday, October 20, 2008 discontinued.
Astro TV is a pay TV broadcasting brand of PT Direct Vision, and KBLV subsidiary AAAN. Disputes that occurred between the two sides led to the removal of a given broadcast rights to the AAAN Direct Vision. In fact, the only source of income comes from the Direct Vision, Astro TV customers
"Astro Claim no impact on the company's financial performance," said First Media Company Secretary Harianda Noerlan, in his report on the Stock Exchange disclosure Indonesia, in Jakarta, Sunday (2/11/2008).
The steps taken by the First Media themselves of them deny that the Astro (or any of Astro) has the right to file arbitration, litigation, and claims in the notice of arbitration.
In addition, it also has the right to fully describe the basics of counter-principal jurisdiction and the claim in a timely manner.
Meanwhile, PT Direct Vision, Astro shadowing, has been doing the same firm that conducted the First Media.
Harianda added, the company and any subsidiary has appointed a legal consultant to deal with the Astro lawsuit.
"First Media and Direct Vision has appointed simultaneously separate legal consultant," he said.
In addition, Harianda added, the Astro never tried to resolve the existing disputes using peaceful means or consultation.
As is known, broadcasts Astro All Asia Networks (AAAN) or Astro Malaysia to PT Direct Vision, starting Monday, October 20, 2008 discontinued.
Astro TV is a pay TV broadcasting brand of PT Direct Vision, and KBLV subsidiary AAAN. Disputes that occurred between the two sides led to the removal of a given broadcast rights to the AAAN Direct Vision. In fact, the only source of income comes from the Direct Vision, Astro TV customers
Obama to Discuss Financial Crisis World Leaders 9
CHICAGO - Before the first appearance in public, the U.S. president-elect Barack Obama held talks with world leaders about financial crisis and several other crucial issues.
Obama spoke of Australia's head of state, the United Kingdom, Canada, France, Germany, Israel, Japan, Mexico, and South Korea over the phone.
Another crucial issue discussed Obama with world leaders on issues including the war in Afghanistan, climate change, nuclear issues of North Korea and Iran.
"Obama and South Korean President Lee Myung-Bak agreed to cooperate in disarming North Korea's nuclear weapons and financial turmoil," said spokesman Lee in Seoul as reported by Agence France Presse, Friday (7/11/2008).
Australian Prime Minister Kevin Rudd said he and Obama discuss the solutions together to overcome the financial crisis and the huge challenge of climate change.
Obama and German Chancellor Angela Merkel also agreed to further strengthen cooperation in resolving the dispute over Iran's nuclear program, Afghanistan, climate change, and the financial crisis.
Reform the financial system was also raised in talks between Mr Obama with French President Nicolas Sarkozy, British Prime Minister Gordon Brown, and Japanese Prime Minister Taro Aso. Obama also talked about Afghanistan, climate change and nuclear North Korea with Aso.
Whereas with Felipe Calderon of Mexico Presdien Obama talked about immigration and drug smuggling on the border of two countries
Obama spoke of Australia's head of state, the United Kingdom, Canada, France, Germany, Israel, Japan, Mexico, and South Korea over the phone.
Another crucial issue discussed Obama with world leaders on issues including the war in Afghanistan, climate change, nuclear issues of North Korea and Iran.
"Obama and South Korean President Lee Myung-Bak agreed to cooperate in disarming North Korea's nuclear weapons and financial turmoil," said spokesman Lee in Seoul as reported by Agence France Presse, Friday (7/11/2008).
Australian Prime Minister Kevin Rudd said he and Obama discuss the solutions together to overcome the financial crisis and the huge challenge of climate change.
Obama and German Chancellor Angela Merkel also agreed to further strengthen cooperation in resolving the dispute over Iran's nuclear program, Afghanistan, climate change, and the financial crisis.
Reform the financial system was also raised in talks between Mr Obama with French President Nicolas Sarkozy, British Prime Minister Gordon Brown, and Japanese Prime Minister Taro Aso. Obama also talked about Afghanistan, climate change and nuclear North Korea with Aso.
Whereas with Felipe Calderon of Mexico Presdien Obama talked about immigration and drug smuggling on the border of two countries
Wall Street This Week Report Card Issuer Influenced Kakap
NEW YORK - Wall Street movement this week will be influenced by the quarterly performance of giant companies in the United States (U.S.). One of them will be released this week is a report card two largest technology company, Apple Inc (APPL.O) and Caterpillar Inc. (CAT.N) does not match the predicted expectations of investors.
In fact, last week the world's largest stock exchange is managed successfully climbed 60 percent since March and the Dow Jones index rose above the level of 10 thousand, so that investors believe the global economic recovery to depanya.
"We've held meetings with several brokers, if this week will experience some selling pressure from investors and quarterly performance reports several big companies," said Chief Investment Northstar Investment Management Corp. Eric Kuby, in Chicago, as quoted by Reuters on Monday (19 / 10/2009).
Several reports released earlier last week showed the results of a proud, such as Alcoa Inc. (AA.N) and JPMorgan (JPM.N). Similarly, the performance report from General Electric (GE.N) and Bank of America (BAC.N), which was released last week disappointed some investors.
In the last week, two huge stock of GE and BAC have corrections. However, S & P index had gained 1.5 percent, as did the Dow Jones index rose 1.3 percent and Dasdaq index rose 0.8 percent.
For information, profit General Electric Co. reported 42 per cent drop because of declining global economy, thus making the financial sector is large and strong initially eroded because of the demand for heavy equipment that it manufactures declined. Meanwhile, profit Bank of America (BoA), which recorded $ 1 billion loss in the third quarter of this
In fact, last week the world's largest stock exchange is managed successfully climbed 60 percent since March and the Dow Jones index rose above the level of 10 thousand, so that investors believe the global economic recovery to depanya.
"We've held meetings with several brokers, if this week will experience some selling pressure from investors and quarterly performance reports several big companies," said Chief Investment Northstar Investment Management Corp. Eric Kuby, in Chicago, as quoted by Reuters on Monday (19 / 10/2009).
Several reports released earlier last week showed the results of a proud, such as Alcoa Inc. (AA.N) and JPMorgan (JPM.N). Similarly, the performance report from General Electric (GE.N) and Bank of America (BAC.N), which was released last week disappointed some investors.
In the last week, two huge stock of GE and BAC have corrections. However, S & P index had gained 1.5 percent, as did the Dow Jones index rose 1.3 percent and Dasdaq index rose 0.8 percent.
For information, profit General Electric Co. reported 42 per cent drop because of declining global economy, thus making the financial sector is large and strong initially eroded because of the demand for heavy equipment that it manufactures declined. Meanwhile, profit Bank of America (BoA), which recorded $ 1 billion loss in the third quarter of this
Wall Street Red Gara-Gara Wells Fargo & Co.
NEW YORK - The Dow Jones returned corrected at the close of trading Wednesday (21/10/2009) local time, as the poor financial report several banks. Attenuation index raises concerns that the overheated market began.
As reported by Reuters on Thursday (22/10/2009), the Dow Jones index closed fell 92 points, after the time is at a new level this year with 78 points stronger in early trade opening.
Some analysts pointed to Wells Fargo & Co. became the cause of decline in the index. Third quarter performance report-2009 Wells Fargo, Morgan Stanley, and U.S. Bancorp are improved. But also booked losses increased to a large credit.
In addition, the decline in stock value which also caused the index has reached its highest level this year. Another negative sentiment, the weakening U.S. dollar, oil prices rose to a new level and statement Wall Mart Stores Inc., which cut prices. These price cuts demonstrate that consumers' purchasing power is still weak and needs to be sustained.
These sentiments, with the Dow Jones index fell 92.12 points, or 0.9 percent, to equal 9949.36. While the index Standard & Poor's 500 fell 9.66 points, or 0.89 percent equivalent to 1081.4 and the Nasdaq index fell 12.74 points, or 0.6 percent, to equal 2150.73
As reported by Reuters on Thursday (22/10/2009), the Dow Jones index closed fell 92 points, after the time is at a new level this year with 78 points stronger in early trade opening.
Some analysts pointed to Wells Fargo & Co. became the cause of decline in the index. Third quarter performance report-2009 Wells Fargo, Morgan Stanley, and U.S. Bancorp are improved. But also booked losses increased to a large credit.
In addition, the decline in stock value which also caused the index has reached its highest level this year. Another negative sentiment, the weakening U.S. dollar, oil prices rose to a new level and statement Wall Mart Stores Inc., which cut prices. These price cuts demonstrate that consumers' purchasing power is still weak and needs to be sustained.
These sentiments, with the Dow Jones index fell 92.12 points, or 0.9 percent, to equal 9949.36. While the index Standard & Poor's 500 fell 9.66 points, or 0.89 percent equivalent to 1081.4 and the Nasdaq index fell 12.74 points, or 0.6 percent, to equal 2150.73
Company Financial Reports Bring Wall Street Rebound
NEW YORK - The Dow Jones on Wall Street Stock successful rebound. Some investors respond positively to some data, after a sharp fall in recent days as fears of economic recovery that will move slowly. These concerns could also affect the price of oil and other commodities.
The data in question are, among others earnings season that begins with the appearance of performance reports largest aluminum producer Alcoa Inc. (NYSE: AA). After the closure of the market, aluminum producers, Alcoa Inc. announced lower losses than expected, thus bringing the price of Alcoa shares jumped seven per cent during trading.
"Some manufacturing companies have booked to do better in the third quarter due to liquidation of the existing reserves showed good results during the first semester," said Chief Investment Officer Charles Lieberman, from Adcisors Capital Management was quoted as saying by Reuters on Thursday (9/7/2009) .
Sentiment carried the Dow Jones Wednesday (8/7/2009) managed to rebound 14.81 points, or 0.18 percent equivalent to 8178.41. Meanwhile, the S & P 500 fell 1.47 points, or 0.17 percent lower to 879.56 level and the Nasdaq index rose one point averaged 0.06 percent, to 1747.17.
The decline is happening on the S & P 500 due to decline in the shares of energy sector in line with weaker oil prices.
The data in question are, among others earnings season that begins with the appearance of performance reports largest aluminum producer Alcoa Inc. (NYSE: AA). After the closure of the market, aluminum producers, Alcoa Inc. announced lower losses than expected, thus bringing the price of Alcoa shares jumped seven per cent during trading.
"Some manufacturing companies have booked to do better in the third quarter due to liquidation of the existing reserves showed good results during the first semester," said Chief Investment Officer Charles Lieberman, from Adcisors Capital Management was quoted as saying by Reuters on Thursday (9/7/2009) .
Sentiment carried the Dow Jones Wednesday (8/7/2009) managed to rebound 14.81 points, or 0.18 percent equivalent to 8178.41. Meanwhile, the S & P 500 fell 1.47 points, or 0.17 percent lower to 879.56 level and the Nasdaq index rose one point averaged 0.06 percent, to 1747.17.
The decline is happening on the S & P 500 due to decline in the shares of energy sector in line with weaker oil prices.
NCR, Hardware Best Supporting Asian Financial Industry
JAKARTA - Gartner puts NCR Corporation as one of the 3 providers of care and support for hardware top financial industry in Asia based on the income from services for the year 2008.
"We are proud to be recognized as one of the 3 provider of top hardware support for the financial sector in Asia. We believe that most of our success is due to our ability in a good Managed Services, where the financial industry customers continue to appreciate the quality, reliability and value of services , which enables them to transform their businesses, "said Managing Director of NCR Stuart Buttar in Southeast Asia, through its official statement on Monday (10/8/2009).
NCR Managed Services capabilities to ensure customer banks to improve services and the availability of ATMs in every time. ATM management outsourcing allows banks to focus on the competency of sales and their customer service, and has submitted to the expert management. NCR manages more than 12,000 ATMs for banks all over India and Southeast Asia. Some of the largest bank in India that use Managed Services portfolio includes NCR SBI, HDFC, Punjab National Bank and HSBC. Meanwhile, the leading banks in Southeast Asia has partnered with NCR including OCBC and DBS Bank.
NCR service portfolio provides IT support and integration of best in class, thus strengthening the role of NCR as a leader in self-service technology for the financial industry. NCR enhance customer support by integrating business services from various vendors, in various channels, from one point of accountability.
NCR Managed Services solution that includes complete site identification, installation and operation of ATMs, up to comprehensive supervision and management of ATM networks, including incidence management (IM), monitoring, cash management, cash replacement, software distribution (SDO), first line maintenance (Phm ), the management of disposable goods, maintenance, housekeeping services, network and systems management (NSM), and global enterprise management system
"We are proud to be recognized as one of the 3 provider of top hardware support for the financial sector in Asia. We believe that most of our success is due to our ability in a good Managed Services, where the financial industry customers continue to appreciate the quality, reliability and value of services , which enables them to transform their businesses, "said Managing Director of NCR Stuart Buttar in Southeast Asia, through its official statement on Monday (10/8/2009).
NCR Managed Services capabilities to ensure customer banks to improve services and the availability of ATMs in every time. ATM management outsourcing allows banks to focus on the competency of sales and their customer service, and has submitted to the expert management. NCR manages more than 12,000 ATMs for banks all over India and Southeast Asia. Some of the largest bank in India that use Managed Services portfolio includes NCR SBI, HDFC, Punjab National Bank and HSBC. Meanwhile, the leading banks in Southeast Asia has partnered with NCR including OCBC and DBS Bank.
NCR service portfolio provides IT support and integration of best in class, thus strengthening the role of NCR as a leader in self-service technology for the financial industry. NCR enhance customer support by integrating business services from various vendors, in various channels, from one point of accountability.
NCR Managed Services solution that includes complete site identification, installation and operation of ATMs, up to comprehensive supervision and management of ATM networks, including incidence management (IM), monitoring, cash management, cash replacement, software distribution (SDO), first line maintenance (Phm ), the management of disposable goods, maintenance, housekeeping services, network and systems management (NSM), and global enterprise management system
Building a Financial Communication Betwee Husb a ndand Wife 1
Building a Financial Communication Between Husband and Wife "Love is not enough to support a husband and wife". Perhaps the phrase you often hear. True. Love is not enough to be able to support a husband and wife. Need a lot of other things. One of them is money. But if the money is there, whether it was enough to revive you both and ensure that your marriage will last forever?
The answer is not necessarily yes. Money does not guarantee that a married couple would be prosperous. You may believe, can not. Even more to take care of the communicative fabric of communication. There are many topics that communication occurs in a husband and wife. One of the most critical topics between husband and wife is a financial communications. How to build the communication so that households that you have not broken up?
1. Talk to your husband or wife what and how your view of money and ask your husband or wife do the same. Also pointed out what the objectives of financial management want to achieve later and ask your husband or wife do the same.
2. After knowing each financial goals mate, make a priority of financial goals. Which is better achieved by your first two. The most important and urgent a priority. The need to consider. Desire still pending.
3. Create a plan of how you can both achieve the same financial goals are. What is clear, the plan must be realistic and can be run together. Do not make plans that you both know and believe can not be realized or achieved.
4. Write down what actions should be done by each in the running plan. For example, you will do this, your husband or wife would do that. So you both run the financial plan together.
The answer is not necessarily yes. Money does not guarantee that a married couple would be prosperous. You may believe, can not. Even more to take care of the communicative fabric of communication. There are many topics that communication occurs in a husband and wife. One of the most critical topics between husband and wife is a financial communications. How to build the communication so that households that you have not broken up?
1. Talk to your husband or wife what and how your view of money and ask your husband or wife do the same. Also pointed out what the objectives of financial management want to achieve later and ask your husband or wife do the same.
2. After knowing each financial goals mate, make a priority of financial goals. Which is better achieved by your first two. The most important and urgent a priority. The need to consider. Desire still pending.
3. Create a plan of how you can both achieve the same financial goals are. What is clear, the plan must be realistic and can be run together. Do not make plans that you both know and believe can not be realized or achieved.
4. Write down what actions should be done by each in the running plan. For example, you will do this, your husband or wife would do that. So you both run the financial plan together.
Building a Financial Communication Betwee Husband and Wife 2
Discuss how best to you both in managing day-to-day finances. Decide which of the two of you are going to pay the bills and monthly expenses. Tricks like this can help you both in dividing the concentration.
Determine how much you spend of each partner, without having to first ask each other. The amount of this expenditure to be a sign if you were still able to walk according to the priority needs.
Determine what investments will you both do for the long term. Investments that could be options such as deposits, gold, stocks, mutual funds, insurance, property, and so forth.
Decide whether you will unite two of your money in a separate account or in their own accounts. Once again, it is necessary atmosphere of openness and honesty. If together, you and your spouse must be honest and open. So even if you do not.
Menabunglah together for your future together when no longer work. Discussed frequently with each other about the plan was run. Evaluate the plan at least once a year to see if you both still have the same financial goals and whether the plans that have been run so far it has shown progress in achieving the defined goals.
Inform your income to your wife or husband is not one of the requirements that must be run in building a better financial communication between husband and wife. But if the husband and wife are running a good financial communication, naturally they would voluntarily tell how much income they earn every month
Determine how much you spend of each partner, without having to first ask each other. The amount of this expenditure to be a sign if you were still able to walk according to the priority needs.
Determine what investments will you both do for the long term. Investments that could be options such as deposits, gold, stocks, mutual funds, insurance, property, and so forth.
Decide whether you will unite two of your money in a separate account or in their own accounts. Once again, it is necessary atmosphere of openness and honesty. If together, you and your spouse must be honest and open. So even if you do not.
Menabunglah together for your future together when no longer work. Discussed frequently with each other about the plan was run. Evaluate the plan at least once a year to see if you both still have the same financial goals and whether the plans that have been run so far it has shown progress in achieving the defined goals.
Inform your income to your wife or husband is not one of the requirements that must be run in building a better financial communication between husband and wife. But if the husband and wife are running a good financial communication, naturally they would voluntarily tell how much income they earn every month
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