IPad Component manufacturer Gelontorkan Rp 95 Trillion Up factory in Cikande

Jakarta -Foxconn Technology Group of origin Taiwan menggelontorkan investment-ready upwards of $ 10 billion or approximately Rp 95 trillion. Without rambling, Foxconn will be producing mobile (HP) starting later this year.

"They want to invest US $ 10 billion over five years," said Minister of industry MS Hidayat to detikFinance, Wednesday (15/8/2012)

Hidayat added gradually Foxconn will make HP product rakitannya in the country. Then they would have to diversify products other than HP. the next stage they will employ a local partner to make smartphone products and so on.

"If he's been in, would lead to the local brand, we are proposing would be the partners of STATE-OWNED ENTERPRISES as the CORE have experience making HP, also with Polytron," he said.

As known, Foxconn Technology Group is a company manufacturing Taiwan originating in producing electronic components for several well-known brands such as Apple, Nokia.

Foxconn Technology Group (Foxconn) interested to build factories in Indonesia. Foxconn is a company manufacturing partners Apple. One of the iPad's '. Foxconn itself has been investing in Brazil and plans to add five new production facilities in that country.

Foxconn digadang-gadang will open a factory in an industrial area of Modern Cikande Industrial Estate or ModernCikande (MCIE). MCIE located in Serang, Banten Cikande,; approximately 68 km from Jakarta, 75 km from the port of Tanjung Priok and 50 km from Soekarno-Hatta International Airport.

(hen/ang)

Help Iran Wash Money, Standard Chartered Fined Rp 3.2 Trillion

New York -Clear truth already charges against Standard Chartered which are alleged to have helped clients evade U.S. sanctions Irannya. Yesterday, Standard Chartered, the banking watchdog agency announced New York had dropped a fine of US $ 340 million (USD trillion 3,23).

' Civil Penalty ' was issued after allegations emerged that banks based in London that has been hiding the 60,000 transactions worth US $ 250 billion (USD $ 2.375 billion) with clients prohibited Iran for more than 10 years.

Clients include two forbidden Government banks, the Central Bank of Iran and the National Bank of Iran, which Washington has been accused by Tehran sought nuclear weapons membantur and financing of terrorism.

According to the terms of the settlement with New York's Department of Financial Services, Standard Chartered had agreed to allow the watchdog of the Government's anti-money laundering in New York his branch for two years.

They will also appoint auditors in-house to check conformity with fulfilment AS sanctions. According to Standard Chartered, deal more details will soon be announced. CHIEF EXECUTIVE Peter Sands of Standard Chartered, was in New York when this deal happen.

Settlement through payment of the fine is still far from the worst case scenario that can be experienced by Standard Chartered. New York's Department of Financial Services had questioned whether banking licenses revoked so that Standard Chartered should more effectively deciding access to the u.s. market.

"Standard Chartered offers settlement for US $ 5 million, so this apparent increase," said Morningstar analyst, Erin Davis, quoted from AFP (15/8/2012). Davis added, a fine of US $ 340 million will not have a major impact on the finances of the bank. The first half of 2012, Standard Chartered reported a profit of US $ 3.95 billion ($ 37,53 billion).

But Standard Chartered will still be under the supervision of other u.s. regulators. Value stocks Standard Chartered has plummeted to 15% since the allegations surfaced a week ago. Yesterday, the Treasury Department told AFP that the settlement through a payment of fines is not going to stop an investigation of their own.

"Our Investigation continues. The Ministry of finance will continue to work with our regulators and law enforcement partners to hold the Standard Chartered up whatever activities need to be sanctioned, "said an official.

The Ministry of Justice also said they will continue to do the Act which is reasonably feasible. Meanwhile, the Federal Reserve said it continues to work with other agencies to find a comprehensive resolution.

Standard Chartered has hinted that they would also carry out the settlement with the same agency-Agency. They say, "designation of the time to whatever resolution will be communicated in due course."

The lobby group "United Against Nuclear Iran," said New York authorities too lenient and federal investigator should not have made the same mistake. "According to the report, Standard Chartered should get action penalties harsher," they wrote in a statement.

"Whatever financial institutions found in violation of the sanctions on Iran must accept death penalty and losing their licenses to do business in the us." In the past decade, the u.s. and its allies apply sanctions against banks, institutions and individuals to stop Iran's nuclear weapons program in Iran.

Questions about Iran's nuclear weapons became a hot issue in November'S U.S. presidential election later. Along several blocks of voting press President Barack Obama to crack down on Iran's regime more forcefully.

(ang/ang)

Company Portraits of Rp Tanoe Raup Omzet 4.9 Trillion through July

Jakarta – PT Global Mediacom Tbk (BMTR) Usd 4.9 trillion raup omzet in late July 2012, this figure is up 26% from the acquisition of profit over the same period last year to USD 3.9 billion.

On the basis of a written description of the company, on Tuesday (14/8/2012), the majority of these donated from both omzet business lines of the company's main, uaitu-based media content and advertising company PT Media Nusantara Citra (MNCN) and media-based customer PT MNC Sky Vision (MSKY)

While the company's net profit grew 20% Hary Tanoesudibjo to Rp 656,6 billion from $ 544,4 billion in July last year. Raihan was 11% above the company's predictions.

While the profit per share rose nearly 20% from Rp to Rp 39 47 per sheet. Media-based content and advertising remains the main contributor amounted to 63% of consolidated revenues.

Revenue from media-based content and advertising grew 29% to $ 3.1 trillion in July 2012 of $ 2.4 trillion a year earlier.

Revenue from media-based customers under MSKY in the first seven months of this year rose 37%, from USD $ 957 billion to Usd 1.3 trillion. Figure contributed 27% of consolidated revenues of Mediacom.

A surge in revenues caused by the rapid growth of MSKY on the number of active customers MSKY. Until July 2012, the number of active customers reached + 1.47 million. In the same period last year, the number of customers still 1.02 million.

(ang/dnl)

Stir up the monorail Jakarta, Adhi Karya Need Rp 3.72 Trillion

Jakarta – PT Adhi Karya Tbk stated the monorail project development resume ready. These STATE-OWNED ENTERPRISES need fresh funds claiming to Rp 3,725 trillion.

It is delivered by the Company Secretary By Amrozi Hamidi to Adhi detikFinance, Tuesday (17/8/2012).

Amrozi confessed, the work of STATE-OWNED ENTERPRISES will employ Adhi another to do synergy a monorail project redevelopment during this dormant.

"Strategic partner, STATE-OWNED ENTERPRISES Minister referrals appropriate synergy with PT INKA to technology means, then PT Len Industri for control systems, as well as KAI (Kereta Api Indonesia) maybe later to operators. However, when this new Len and already we are INKA, "says Amrozi.

In addition to STATE-OWNED ENTERPRISES will synergize with other, Amrozi admitted the funds needed to continue the project monorail reached Rp 3,725 trillion.

"The funds needed Rp 3,725 trillion," he added.

Until now, it has been mounted to mast monorail development carried out by Adhi Karya. Amrozi confessed, Adhi karya investment on monorail which is already several years stalled reached Rp 130 billion.

"If already installed Rp 130 billion," lid.

(dnl/ang)

The Government Accelerate Up Rp 4 Trillion Jatigede Reservoir

Jakarta -the Government expedite the completion of the acquisition of land-related projects in the value of its investments into Reservoirs Jatigede reached Rp 4 trillion. Later, this reservoir will be harnessed to power plant Water (HYDROPOWER) 135 MW.

Minister Coordinating the economy Hatta Rajasa said settlement construction decision acceleration of this agreement with respect to the reservoirs of loans given to finance the project is China.

"We strive to make a settlement in accordance with the schedule of reservoirs Jatigede (schedule), namely the end of 2013," said Hatta as found in his Office, Field Road, Bull Jakarta, Monday (14/8/2012).

West Java Governor Ahmad Heriawan added this year the Government will free up 54 acres of land and is targeting the liberation of land totalling 104 hectares by 2013. In the past year, the Government has freed about 127 hectares of land for the construction of this project.

"This relocation To use BUDGETS," he said on the same occasion.

The Government is targeting this reservoir is already starting 2014 can operate and irrigate acreage in the North Coast region of pesawahan (North Coast) of roughly 90,000 hectares.

With the existence of Reservoir, in the future, Governments Jatigede will build HYDROELECTRIC POWER that could produce electricity amounting to 135 MW (Mega Watt). This will be done Pembagunannya HYDROPOWER PLN.

(nia/dru)

Much debt, BP oil refinery in California Selling Rp 24 Trillion

London -oil & Gas Companies from United Kingdom, British Petroleum (BP) agreed to sell the oil refineries in California to partner Carson American aspect was completely, Tesoro Corporation for US $ 2.5 billion (USD 24 trilun).

The sale is part of BP's plans already announced earlier that to sell its assets were valued at US $ 38 billion by the end of 2013. The plan to help pay the Bills, cleaning and compensation costs of oil spill disaster in the Gulf of Mexico in 2010.

"BP today announced that we had reached an agreement to sell oil refinery Carson, California, along with its logistics and marketing assets in the area related to the Tesoro Corporation for US $ 2.5 billion paid out in cash," BP said in a statement, quoted by AFP (14/8/2012).

The energy giant is already problematic agreed to sell US $ 26.5 billion of its assets since the beginning of 2010, including the most recent agreement. BP said the sale of Carson, allowing them to focus more on the investment and operation of the three refineries in the North of the US oil.

In February 2011, BP announced it will sell two oil refineries AS his greatest, including Carson as part of restructuring to divert the focus from the US and meet the cost of the compensation Bill is still piling up.

BP is also intent on dismantling its facilities at Texas City that is experiencing a deadly explosion in 2005. The blast makes 15 BP workers died and raises the question of the security of BP's operations across the us.

"Today's announcement represents a significant step in the strategy to reset focus fuel businesses AS we are," said Chief Executive business marketing and global perkilangan BP, Iain Conn in his statement Monday.

"With sales (oil refinery) are already planned, Texas-this will allow us to focus on operations and investment BP exclusively at three refineries in the North of the US which is a raw material as well as lucrative business marketing major and important."

Tesoro oil refinery will acquire Carson near Los Angeles that produces 266.000 barrels of oil per day, as well as logistics and terminal pipe network storage related.

Tesoro will also take over the network marketing kepemilikian ARCO branded retail, owned by BP in Southern California, Arizona and Nevada. BP added, they also gave up rights to trade retail brand ARCO in Northern California, Oregon and Washington exclusively at Tesoro.

The deal is still awaiting regulatory approval and is expected to finish before mid-2013. Monday afternoon, the price of shares in BP fell 0.27% to £ 447,35 in London, the FTSE 100 index fell 0.41% to 6335 .25 points.

Last week BP announced the sale of the gas processing plant and his Sunray Hemphill in Texas, along with gas collection systems terasosiasinya to the Eagle Rock Energy Partners for US $ 227,5 million.

BP treasures vanish two years ago because of explosions toward Deepwater Horizon rig that caused 11 workers died and millions of barrels of oil spilled into the sea. The cost of compensation for the explosion April 20, 2010 this unusually large and touted as the largest environmental disaster in u.s. history.

Last month BP again reported a loss in the quarter II due to low output, plummeting oil prices and the decline in the value of company assets to close to US $ 5 billion. Total loss after tax was BP US $ 1,39 billion during April to June, compared with a net profit of US $ 5.72 billion at the beginning of the year.

BP also faced other major Siberian Court on Russia after last July asking them to pay a fine of US $ 3.1 billion for the damage caused by oil exploration efforts in the Arctic with Rosneft.

BP does talk directly with Rosneft as Russia's largest oil company to buy its stake in the joint venture is troubled TNK-BP, which is worth billions of dollars.

(ang/ang)

Expensive FUEL, the airline owned by the rich India's Loss of Rp 1 Trillion

Jakarta -Airline Kingfisher Airlines suffered losses of 6.6 billion rupee (US $ 120 million) or about USD $ 1.08 trillion in 3 months or quarter II-2012 (April-June 2012). The expensive price of avtur fuel so the reason.

Loss of Kingfisher, owned by wealthy businessman Vijay Mallya, India surged doubled over the same period last year with the loss of 2.63-billion rupee.

"The company suffered losses that subtansial during this period," the statement quoted from AFP, Kingfisher Saturday (11/8/2012).

Indeed since its launch in 2005, Kingfisher never profit. But the company is still hoping to get additional capital and States are discussing with a few strategic investors to inject fresh capital.

India's airline currently has debt worth US $ 1.4 billion. High fuel prices, high interest rates, credit and depreciation of the rupee is the reason for these losses.

Income or omzet airline also dropped. The airline has debts to suppliers, and some aircraft lessor.

These companies require at least US $ 500 million to keep operating. The loss also made shares in the airline fell to as low as the lowest levels at 7.2 per rupee sheets.

(dnl/dnl)