German bank Kreditanstalt Fur Wiederaufbau namely (KfW) intends to acquire PT Bank Garces (Garces Bank) through the issuance of new shares (rights issue) that the company planned to be held in the first half of 2010.
This was conveyed by the Director of Bank Andara Paul Wiranata to detikFinance in Jakarta, Monday (05/24/2010).
"KfW is interested in (buying shares of Bank Andara) through a rights issue," he said.
He said the current assessment process is being conducted between the two financial institutions are about the size Garces Bank shares to be taken by the KfW. "The process still continues," Paul's brief.
However, continued Paul, Bank Andara meerencanakan rights issue could indeed be the way in the near future.
"The plan at this semester," he said.
Bank Andara is one of the apex (the parent bank) of the Rural Banks (BPR) in Greater Jakarta and Bali.
Source.....www.detik.com
Senin, 24 Mei 2010
The divestment process is blocked BPUI Askrindo and Problems
Commission XI of the House of Representatives (DPR) noted there are still three unresolved issues in the process of divestment of Bank Indonesia (BI) is Askrindo and Business Development of PT Bahana Indonesia (BPUI).
Because of that commission to target the release of two kids XI BI efforts will be completed during the second session of Parliament this year, despite the settlement of debt valued at Rp 1.2 trillion BPUI only be completed in 2026.
"Counts I, twice the hearing again was enough. If Askrindo had no problems. To BPUI there are three unresolved issues," said Chairman of the Panja Shoibul Faith in the Parliament Building, Senayan, Jakarta, Monday (24/05/2010).
Shoibul revealed three issues that are clean and clearance of all issues including the law, par divestitures, and debt restructuring BPUI.
"Kan divestment was a mandate from the Act that prohibits BI BI has a subsidiary. This process should be completed at 2009 yesterday. Because there are many problems it must be through the Panja House," he said.
However, further Shoibul one crucial issue which will be requested from the government information is a form of the two companies after the grant. "It is not yet known, will become state-owned or are under the Ministry of Finance," he asserted.
In another part, say the alternative debt settlement Shoibul BPUI one of them through the alternatives. Is by including the principal debt worth USD 250 billion as part of the state capital investments (PMN). However, Faith said, the interest of the debt is valued at USD 950 billion, still must be repaid.
"It would be repayable in 20 years, with a grace period of three or four years old. But this mechanism has not been agreed upon," explained Shoibul.
Previously Managing Director BPUI Heri Sunaryadi BPUI's new estimates of debt will be fully paid in the year 2026, ie 20 years since the cut-off as of December 31, 2006.
The scheme is still awaiting approval from the Ministry of Finance dividing installment in the four periods. That is, USD 12.5 billion per year for 2010-2013, USD 25 billion per year for 2014-2018, USD 75 billion per year for 2019-2023, and Rp 133 billion per year for 2024-2026.
source,,,,,,www.detik.com
Because of that commission to target the release of two kids XI BI efforts will be completed during the second session of Parliament this year, despite the settlement of debt valued at Rp 1.2 trillion BPUI only be completed in 2026.
"Counts I, twice the hearing again was enough. If Askrindo had no problems. To BPUI there are three unresolved issues," said Chairman of the Panja Shoibul Faith in the Parliament Building, Senayan, Jakarta, Monday (24/05/2010).
Shoibul revealed three issues that are clean and clearance of all issues including the law, par divestitures, and debt restructuring BPUI.
"Kan divestment was a mandate from the Act that prohibits BI BI has a subsidiary. This process should be completed at 2009 yesterday. Because there are many problems it must be through the Panja House," he said.
However, further Shoibul one crucial issue which will be requested from the government information is a form of the two companies after the grant. "It is not yet known, will become state-owned or are under the Ministry of Finance," he asserted.
In another part, say the alternative debt settlement Shoibul BPUI one of them through the alternatives. Is by including the principal debt worth USD 250 billion as part of the state capital investments (PMN). However, Faith said, the interest of the debt is valued at USD 950 billion, still must be repaid.
"It would be repayable in 20 years, with a grace period of three or four years old. But this mechanism has not been agreed upon," explained Shoibul.
Previously Managing Director BPUI Heri Sunaryadi BPUI's new estimates of debt will be fully paid in the year 2026, ie 20 years since the cut-off as of December 31, 2006.
The scheme is still awaiting approval from the Ministry of Finance dividing installment in the four periods. That is, USD 12.5 billion per year for 2010-2013, USD 25 billion per year for 2014-2018, USD 75 billion per year for 2019-2023, and Rp 133 billion per year for 2024-2026.
source,,,,,,www.detik.com
Sasol Investment Certainty of U.S. $ 10 Billion in September 2010
Jakarta - Sasol Synfuels Certainty investment plan International (Sasol) from South Africa to develop coal to liquid (CTL) or the development of coal liquefaction oil will be determined in September 2010. In that month the results of feasibility study (FS) or feasibility studies of mega projects worth U.S. $ 10 billion has been completed.
"God willing, within two months, his FS 8 months starting in January, until September lah. September will be obvious where they want ngembangin, his partner who since his September FS is completed," said Gita Wirjawan BKPM head in the Parliament building, Senayan, Jakarta, Monday (24/05/2010).
It says the Gita, this time his staff was already in South Africa in preparation for the completion of the investment plan. The visit was to ensure further about the potential local partners in Indonesia, of which Sasol Pertamina and PT Bukit Asam.
"Plus two months minus one well (complete certainty)," he said.
As it is known if Sasol's investment plan in Indonesia amounted to U.S. $ 10 billion can be realized then invetasi will be the biggest investment in Indonesia. If dirupiahkan then the investment value of Rp 90 trillion more.
source....www.detik.com
"God willing, within two months, his FS 8 months starting in January, until September lah. September will be obvious where they want ngembangin, his partner who since his September FS is completed," said Gita Wirjawan BKPM head in the Parliament building, Senayan, Jakarta, Monday (24/05/2010).
It says the Gita, this time his staff was already in South Africa in preparation for the completion of the investment plan. The visit was to ensure further about the potential local partners in Indonesia, of which Sasol Pertamina and PT Bukit Asam.
"Plus two months minus one well (complete certainty)," he said.
As it is known if Sasol's investment plan in Indonesia amounted to U.S. $ 10 billion can be realized then invetasi will be the biggest investment in Indonesia. If dirupiahkan then the investment value of Rp 90 trillion more.
source....www.detik.com
European Investment interest to the RI Induced Crisis
Jakarta - Head of Investment Coordinating Board (BKPM) Gita Wirjawan acknowledge the crisis of Europe, particularly in Greece and other countries in Europe have affected the investment to Indonesia. Realized investment in Europe still exist but are not significant because it is still affected by the crisis.
"If Europe slightly, but consistently there, enough to influence (because of the crisis)," Gita said when met at Parliament Building, Senayan, Jakarta, Monday (24/05/2010).
But the Gita says, although the European crisis affecting Indonesia's investment should be optimistic, but he could continue to pick up investment from Europe, including other countries such as from Asia, Australia and the United States.
"We have to be, but so far so good is, he prayed his dhikr," he said.
Based on BKPM data in countries that invest the period 2003-2009 to Indonesia the top positions are still occupied by Singpura with a total investment of U.S. $ 13.39 billion, followed by Mauritius, U.S. $ 10.46 billion, Japan U.S. $ 6.4 billion, the UK U.S. $ 5.5 billion, the Netherlands U.S. $ 2.87 billion, South Korea U.S. $ 2.6 billion, Malaysia U.S. $ 1.41 billion, Hong Kong U.S. $ 1.1 billion, U.S. $ 974 million Seychel United States U.S. $ 848, 2 million, Taiwan's U.S. $ 772.6 million, France U.S. $ 636.7 million, Australia U.S. $ 574 million, Germany U.S. $ 533.5 million, Switzerland U.S. $ 518.3 million, and China's U.S. $ 402 million.
"If Europe slightly, but consistently there, enough to influence (because of the crisis)," Gita said when met at Parliament Building, Senayan, Jakarta, Monday (24/05/2010).
But the Gita says, although the European crisis affecting Indonesia's investment should be optimistic, but he could continue to pick up investment from Europe, including other countries such as from Asia, Australia and the United States.
"We have to be, but so far so good is, he prayed his dhikr," he said.
Based on BKPM data in countries that invest the period 2003-2009 to Indonesia the top positions are still occupied by Singpura with a total investment of U.S. $ 13.39 billion, followed by Mauritius, U.S. $ 10.46 billion, Japan U.S. $ 6.4 billion, the UK U.S. $ 5.5 billion, the Netherlands U.S. $ 2.87 billion, South Korea U.S. $ 2.6 billion, Malaysia U.S. $ 1.41 billion, Hong Kong U.S. $ 1.1 billion, U.S. $ 974 million Seychel United States U.S. $ 848, 2 million, Taiwan's U.S. $ 772.6 million, France U.S. $ 636.7 million, Australia U.S. $ 574 million, Germany U.S. $ 533.5 million, Switzerland U.S. $ 518.3 million, and China's U.S. $ 402 million.
Anggito retreat
Jakarta - Wife Anggito Abimanyu, Yati Edharma Latief claimed her husband's decision to leave has been a long time. Even earlier, Anggito umra depart in early May.
"It was planned long ago, when umra, father to establish a choice yesterday, not to vote yes," said the woman who used to be called Arma when accompanying her husband goodbye in the Office of Internal BKF BKF, Wahidin Jalan Raya, Jakarta, Monday (24/05/2010 ).
According to Arma, when umra, she and her husband really apart from the news media. So when returning to Indonesia, he learned the resignation of Finance Minister Sri Mulyani as accepting applications for the World Bank as Managing Director.
"There were broken with the media at all. Got confused, we preceded. We shocked that so weird when Mother (Sri Mulyani) retreat, Mr. also resign," he explained.
Responding to her husband's choice, the Arma can only be supportive. He believes Anggito have thought such a mature decision. "I know what you've chosen you for this consideration," he said.
So also with the issues that ensnare her husband. Arma is understood and understand the pros and cons of the existence of her husband in government.
"I understand, people know the surface. We always discuss. Positive or negative, I really understand," he asserted.
Arma has not confessed to transport goods because there are still unresolved matters.
"Not ngangkut goods. There are rules here, there are still many who settled here. I am also the Chairman of Dharma Wanita Ministry of Finance. It can not be removed just like that, must find a solution. If the child's education, is not that one is studying in Yogya, the first again just about to enter high school, again the list of Taruna Nusantara, "explained the woman was bleeding Minang.
Arma admitted very sad to part with the members of Dharma Wanita Ministry of Finance because they feel bound inward after 10 years together.
"Personal Relationships. Lama together. Dharma women's is not no official ties, temenan Insha Allah from the heart," he said with his eyes swollen due to crying
source....www.detik.com
"It was planned long ago, when umra, father to establish a choice yesterday, not to vote yes," said the woman who used to be called Arma when accompanying her husband goodbye in the Office of Internal BKF BKF, Wahidin Jalan Raya, Jakarta, Monday (24/05/2010 ).
According to Arma, when umra, she and her husband really apart from the news media. So when returning to Indonesia, he learned the resignation of Finance Minister Sri Mulyani as accepting applications for the World Bank as Managing Director.
"There were broken with the media at all. Got confused, we preceded. We shocked that so weird when Mother (Sri Mulyani) retreat, Mr. also resign," he explained.
Responding to her husband's choice, the Arma can only be supportive. He believes Anggito have thought such a mature decision. "I know what you've chosen you for this consideration," he said.
So also with the issues that ensnare her husband. Arma is understood and understand the pros and cons of the existence of her husband in government.
"I understand, people know the surface. We always discuss. Positive or negative, I really understand," he asserted.
Arma has not confessed to transport goods because there are still unresolved matters.
"Not ngangkut goods. There are rules here, there are still many who settled here. I am also the Chairman of Dharma Wanita Ministry of Finance. It can not be removed just like that, must find a solution. If the child's education, is not that one is studying in Yogya, the first again just about to enter high school, again the list of Taruna Nusantara, "explained the woman was bleeding Minang.
Arma admitted very sad to part with the members of Dharma Wanita Ministry of Finance because they feel bound inward after 10 years together.
"Personal Relationships. Lama together. Dharma women's is not no official ties, temenan Insha Allah from the heart," he said with his eyes swollen due to crying
source....www.detik.com
Spain turn to Wall Street drop
Stocks on Wall Street fell back on their feet after Spain announced a bank rescue efforts in order not to collapse. The move immediately sparked investor worries about how serious the crisis of Europe.
Direct stocks move lower after the Spanish Central Bank announced a regional savings bank rescue, CajaSur. It immediately sparked fears of the Spanish economy. Rescue CajaSur done some time after the Spanish government announced a number of budget tightening measures.
"Bailout is increasing concern around the issue of European debt and provide enough ammunition for the weakening of stocks," said an analyst with Schaeffer's Investment Research, Andrea Kramer, as quoted from the AFP on Tuesday (25/05/2010).
In trading Monday (5/24/2010), the Dow Jones index slumped 126.82 points (1.24%) to 10066.57 levle. Index Standard & Poor's 500 fell 14.04 points (1.29%) to a level of 1073.65 and the Nasdaq fell 15.49 points (0.69%) to a level of 2213.55.
Banking stocks suffered the greatest pressure to KBW Bank Index fell 3.3%. Wells Fargo shares fell 4.7% after Goldman Sachs cut its rating of the stock from 'buy' to 'neutral'.
"What happened especially in the Greek does not mean much, but when it started to spread to larger countries such as Spain, then this will become an issue. And that's what caused it at this time," said Peter Jankovskis, co-chief investment offincer OakBrook Investments LLC, as quoted from Reuters.
Fairly thin trading, with transactions in the New York Stock Exchange seham only 9.23 billion shares, compared to an average of last year's 9.65 billion.
source....www.detik.com
Direct stocks move lower after the Spanish Central Bank announced a regional savings bank rescue, CajaSur. It immediately sparked fears of the Spanish economy. Rescue CajaSur done some time after the Spanish government announced a number of budget tightening measures.
"Bailout is increasing concern around the issue of European debt and provide enough ammunition for the weakening of stocks," said an analyst with Schaeffer's Investment Research, Andrea Kramer, as quoted from the AFP on Tuesday (25/05/2010).
In trading Monday (5/24/2010), the Dow Jones index slumped 126.82 points (1.24%) to 10066.57 levle. Index Standard & Poor's 500 fell 14.04 points (1.29%) to a level of 1073.65 and the Nasdaq fell 15.49 points (0.69%) to a level of 2213.55.
Banking stocks suffered the greatest pressure to KBW Bank Index fell 3.3%. Wells Fargo shares fell 4.7% after Goldman Sachs cut its rating of the stock from 'buy' to 'neutral'.
"What happened especially in the Greek does not mean much, but when it started to spread to larger countries such as Spain, then this will become an issue. And that's what caused it at this time," said Peter Jankovskis, co-chief investment offincer OakBrook Investments LLC, as quoted from Reuters.
Fairly thin trading, with transactions in the New York Stock Exchange seham only 9.23 billion shares, compared to an average of last year's 9.65 billion.
source....www.detik.com
Explore EARTH ER Without Issuance of New Shares
Jakarta - PT Bumi Resources Tbk (BUMI) is processing the plan to issue new shares without preemptive rights (ER), which will be included in the agenda of the Extraordinary General Meeting on June 24, 2010.
"The plan to issue new shares without the ER has been submitted to Bapepam and BEI today," said SVP of Investor Relations at detikFinance EARTH Dileep Srivastava, Tuesday (25/05/2010).
Dileep also said the schedule changes and Annual General Meeting Extraordinary General Meeting of the originally scheduled June 22, 2010 have to be June 24, 2010.
AGM agenda include approval of financial statements in 2009 and its plan to distribute cash dividends in 2009. While the agenda of the Extraordinary General Meeting consisting of three agenda, namely:
1. Approval to pledge assets.
2. Approval of additional capital without ER.
3. Reappointment of directors of the company.
Dileep unfortunately can not disclose how much the new shares without a rights issue that will be published as well as the exercise price estimates.
"By statute, the new shares may be issued to non-ER 10%," he said.
EARTH current number of shares as much as 19.404 billion shares. Assuming a 10% EARTH will issue new shares without the ER, then the number of shares to be issued as much as 2.156 billion shares.
If the exercise price at Rp 2000-2100, then in fresh funds that will dirogoh EARTH reached Rp 4.3 to 4.5 trillion.
"We'll see. Formal announcement about the quantity and the price will dilakuka later," he said.
Plan to issue new shares without the ER is both denied the rumors saying EARTH will conduct a rights offering (issuance of new shares
ER).
Rumor rights issue has hit share prices fell yesterday on a trade EARTH. Naturally, the rights issue would require shareholder EARTH inject new funds in order to avoid large dilution.
While the issuance of new shares without shareholder ER EARTH mewaibkan not spend to raise capital. Although it will be diluted, but not great.
For according to Bapepam rules, any issuance of new shares without a maximum ER can be done as much as 10%. While the issuance of new shares with the share above 10%, must go through the rights issue mechanism
source....www.detik.com
"The plan to issue new shares without the ER has been submitted to Bapepam and BEI today," said SVP of Investor Relations at detikFinance EARTH Dileep Srivastava, Tuesday (25/05/2010).
Dileep also said the schedule changes and Annual General Meeting Extraordinary General Meeting of the originally scheduled June 22, 2010 have to be June 24, 2010.
AGM agenda include approval of financial statements in 2009 and its plan to distribute cash dividends in 2009. While the agenda of the Extraordinary General Meeting consisting of three agenda, namely:
1. Approval to pledge assets.
2. Approval of additional capital without ER.
3. Reappointment of directors of the company.
Dileep unfortunately can not disclose how much the new shares without a rights issue that will be published as well as the exercise price estimates.
"By statute, the new shares may be issued to non-ER 10%," he said.
EARTH current number of shares as much as 19.404 billion shares. Assuming a 10% EARTH will issue new shares without the ER, then the number of shares to be issued as much as 2.156 billion shares.
If the exercise price at Rp 2000-2100, then in fresh funds that will dirogoh EARTH reached Rp 4.3 to 4.5 trillion.
"We'll see. Formal announcement about the quantity and the price will dilakuka later," he said.
Plan to issue new shares without the ER is both denied the rumors saying EARTH will conduct a rights offering (issuance of new shares
ER).
Rumor rights issue has hit share prices fell yesterday on a trade EARTH. Naturally, the rights issue would require shareholder EARTH inject new funds in order to avoid large dilution.
While the issuance of new shares without shareholder ER EARTH mewaibkan not spend to raise capital. Although it will be diluted, but not great.
For according to Bapepam rules, any issuance of new shares without a maximum ER can be done as much as 10%. While the issuance of new shares with the share above 10%, must go through the rights issue mechanism
source....www.detik.com
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