Indonesian Companies Invest Abroad

[Indos]

Indonesia to invest in Kazakhstan
Thursday, 09 April 2015, 14:34 WIB

Kazakhstan

REPUBLIKA.CO.ID, JAKARTA -- Indonesia plans to build tire and instant noodle factories in Kazakhstan in a bid to expand trade to the CentralAsian region.

"Agreements have been signed among the business players from the two countries to build car tire and instant noodle factories. Implementation of the agreement, however, will take time," Listyowati, the director for South and Central Asia said at the Forum of Foreign Policy Studies, here on Wednesday (8/4).

The Forum with theme of Indonesian Economic Diplomacy in Central Asiawas held ahead of a World Economic Forum (WEF) to be held in Jakarta from 19 to 21 April.

Listyowati said rubber products are among the main commodities to be promoted in the Central Asian market especially in Kazakhstan.

She said the investment in instant noodle factory has good prospect as Kazakhstan is major producer of wheat grain, the main basic material forinstant noodle.

In addition to car tire and instant noodle Indonesia also hopes to boost exports of pharmaceuticals, textiles, spices, automotive spare parts and steel products to that country.

The planned investment in Kazakhstan is expected to serve as a stepping stone for expansion to non traditional markets, in that regions including Azerbaijan, Kazakhstan, Kyrgyzstan , Tajikistan, Turkmenistan and Uzbekistan.

Indonesian trade with countries in Central Asia was small and declined in 2010-2014.

Trade with Kazakhstan fell 3.42 percent with Kyrgyzstan contracted 23.17 percent, with Tajikistan shrank 43.65 percent and with Turkmenistan dropped 43.65 percent.

An increase was recorded only in trade with Azerbaijan up 21.84 percent and with Uzbekistan rising 16.26 percent in the same period.

High cost of logistics and transport to those countries was the main reason for the small involvement in the country is investment in that region.

In addition there is limited information about economic potential betweenIndonesia and those countries, high tariff barriers and currencies not convertible of those countries.

Meanwhile , Indonesia hopes to promote its economic potential at the World Economic Forum (WEF) to be held here from April 19 to 21.

Trade Minister Rachmat Gobel said the government want to use the opportunity to to attract more foreign investment into the country.

"We want to make use of the even to convince world business leadersthat Indonesia is a potential place for investment," the minister said earlier.

He said the WEF will also be used to promote the vision of the government in front of the foreign delegates.

"They would certainly want to know about the vision of the new government," he said.

Indonesia to invest in Kazakhstan | Republika Online

 

[Indos]

Indonesia keen on petchem investment

Publish Date: Tue, 18 Nov 2014 19:01:27 GMT
Service: Iran
Indonesia keen on petchem investment

Indonesia has expressed its readiness to invest in Iran's petrochemical sector, said an Iranian official on Monday.

Mehdi Sharifi Niknafs, the managing director of Iran Petrochemical Commercial Company, said the southeastern country has a small portion of shares in Hengam Petrochemical Complex, but it is eager to increase its share.

Referring to a recent agreement between Iran and Indonesia to establish a joint venture for the export of Iranian oil products and petrochemicals, Niknafs said Iran intends to turn Indonesia into a hub of exporting petrochemical products to southeastern Asian states.

The goal of setting up Hengam Petrochemical Complex, with a 50-percent participation of Indonesian Pusri Company, is to produce 1,150 tons of petrochemical products each year in Iran's South Pars Free Trade Zone.

Niknafs noted that Jakarta plans to increase oil imports from Tehran in future because it wants to enhance its daily crude refining capacity from one million barrels to three million barrels.

According to Iran's National Petrochemical Company (NPC), the country has exported more than 7.8 million tons of petrochemicals worth more than $5.1 billion in the six months ending September 22.

Iran produced 40 million tons of petrochemicals in the year ending March 20, 2014, with an export worth $9 billion.

The country, which is a major oil exporter, plans to increase petrochemical exports to $12 billion this year.

Iran is determined to become the biggest petrochemical producer in the Middle East.

The country has significantly expanded the range and volume of its petrochemical production in the past few years and NPC has become the second largest producer and exporter of petrochemicals in the Middle East after Saudi Arabia.


-----------------------------------------------------------------------------------------------------------------------------------------


Some info about Pusri (state owned company)

PT Pupuk Sriwijaya (PUSRI)

PT Pupuk Sriwijaya was established under Notarial Deed of Eliza Pondaag, SH No. 177 of December 24, 1959, and announced on constitution of Republic Indonesia no. 46 of June 7, 1960. PT Pupuk Sriwijaya was the first urea factory in Indonesia. Started with 1 unit factory with 100.000 tons urea capacity per year, increased along 1972 until now 2,26 million tons urea per year.

PT Pupuk Sriwijaya always cooperate with other company to develop their business using valuable technology. For example cooperate with Toyo Engineering Corporation for using ACES21 production process technology which known more efficient and more energy saving. ACES21 is longterm perspectives innovation to make PT Pupuk Sriwijaya as a fertilizer producer who have technical know-how in managing and maintaining fertilizer factory efficiently.

PT Pupuk Sriwijaya’s vision is becoming high competitive company in fertilizer industry, chemical and agro-chemical industry, distribution and trading also engineering, procurement and construction in regional and global level.

http://www.epalembang.com/lang/en/business/industry/pt-pupuk-sriwijaya-pusri

 

[DarkElf]

Ironic, but it shows how much our view as society changed. Just 1-2 decade ago. Most of Indonesian see investment abroad as capital flight or something that isn't patriotic.

 

[Indos]

Pertamina reviews acquisition
of oil blocks overseas

Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Wed, April 29 2015, 8:46 AM


State-owned oil and gas company Pertamina may cancel its plan to acquire a number of oil blocks overseas as the sharp drop in oil prices will make the investment no longer economically feasible, a company executive has said.

The company’s upstream director, Syamsu Alam, said Pertamina was reviewing the acquisition plan on several oil and gas blocks overseas, given the change in the conditions of the international crude oil market.

With such unfavorable market conditions, it was unlikely that Pertamina would go ahead with the acquisition plan, he added.

“We are evaluating a number of blocks but it is uncertain whether we will execute it or not. For this year, we have no program finalizing an acquisition,” Syamsu said.

Under its long-term plan, Pertamina is targeting to secure 600,000 barrels of oil equivalent per day (boepd) from its overseas oil fields production by 2025.

Pertamina currently has several assets in other countries. Its overseas expansion began in 2002 through a cooperation contract in Vietnam. In 2013, the company acquired oil and gas assets called Block 405a in Algeria from ConocoPhillips.

Syamsu said that the company was working on a reservoir development plan in the Algeria asset and was expecting a decision before year-end. Should the development plan be approved by Algeria’s authority, Pertamina will have additional production of around 8,000 barrel per day (bpd) from current output of around 35,000 bpd.

The state-owned firm also purchased 10 percent participating interest in the West Qurna I block in Iraq from ExxonMobil Iraq Limited. Pertamina is optimistic about the Iraq field considering that its production is expected to reach 1.6 million barrels of oil per day (bopd) by 2020.

Due to ongoing pressure on oil prices caused by the global glut of supply, oil and gas companies are calculating their moves and activities to maintain business. The benchmark West Texas Intermediate (WTI) crude oil price for June delivery was US$56.91 per barrel on Monday, according to figures from Bloomberg. Meanwhile, another benchmark, the Brent crude oil, was $65 per barrel for June delivery.

Research from the Bank of America Corp., as quoted by Bloomberg, cited that although the price of oil strengthened this year, it would be 40 percent lower than a year ago because Saudi Arabia leads the Organization of Petroleum Exporting Countries’ (OPEC) strategy to defend its market share against growing US production.

While the organization plans to maintain its production level, it requests that countries outside the group pare output to help tackle a surplus.

During the first three months of the year, Pertamina reported oil production of 267,480 bpd, which remains lower that its full-year target of an average production of 297,650 bpd. Meanwhile, its total gas production touched 1,622 million standard cubic feet per day (mmscfd) as of the end of March, also still lower compared to a full-year target of 1,732 mmscfd in average daily production.

“Thus, from November to March, we see a sustainable growth of oil by 18.8 percent per month and on average 4 percent per month for gas,” Pertamina president director Dwi Soetjipto said.

He was referring to production figures in November because Pertamina has been under a new board of directors headed by Dwi since last year November. The company recorded average oil production of 225,150 bpd and gas output of 1,561 mmscfd in November.

- See more at: Pertamina reviews acquisition of oil blocks overseas | The Jakarta Post

 

[MarveL]

Indonesian instant noodle in global market (more than 80 countries)

INDOMIE IN NIGERIA

INDOMIE BUILD FACTORY IN SERBIA

INDOMIE IN SERBIA

Australian chick and their indomie

INDOMIE IN ARAB

JEDDAH

 

[MarveL]

Details of Metro Pacific’s conglomerate map

When Pinoys turning on the electricity, it means Pinoy's income must be cut to pay for electricity to the Salim Group company

When Pinoys using the telecommunication, most likely they will pay a toll to a phone company controlled by Salim Group (Smart & Sun = mastering total 2/3 of market in the Philippines)

If you are live in a west area of Manila, among the 17 Cities and Districts, for the water taps you must pay to Maynilad Water Services (The Country Biggest water Concession)

 

[MarveL]

When you are traveling using Toll Roads, Toll money flowing into the Salim Group, through the Manila North Tollways and Cavitex, which is the largest toll road operator in the Philippines (64% Toll roads managed by this company in the Philippines)

One of the 6 best hospital in the Philippines belongs to the Salim Group, as Cardinal Santos and the Makati Medical Center, and the newest, Asian Hospital in Alabang.

One of the two largest newspapers Philippines (Philippine Star and Philippine Daily Inquirer) or even business paper BusinessWorld, and the TV-5. Salim Group also controls all those media

 

[Indos]

Australian chick and their indomie

I get the chick and you get indomie, how is it sound ? Fair enough..?

J.CO Donuts

J.CO Donuts - Wikipedia, the free encyclopedia

J.CO Donuts & Coffee is a lifestyle cafe retailer in Indonesia specializing in donuts, coffee and frozen yogurt. The company is owned and managed by Johnny Andrean Group which operates more than 200 Johnny Andrean Salon, Beauty and Hairdressing stores, 111 BreadTalk Indonesia premium and lifestyle bakery stores and 15 Roppan Japanese Fusion Food stores. J.CO began trading in June, 2005 in Jakarta, Indonesia.

Business growth
J.CO is the fastest growing donut & coffee chain in Indonesia.[citation needed] Currently, they have been rapidly expanding their chain of stores in Malaysia, Singapore, China, and the Philippines. Within 8 years operating in South East Asia, J.CO has grown their chain to 168 stores in Indonesia, 11 stores in Malaysia, 32 stores in the Philippines, and 6 stores in Singapore.

This brand has penetrated and successfully into the local market in Indonesia against Krispy Kreme and Dunkin Donuts and is one of the market leaders in Indonesia and the Philippines. Recently this brand presents not only soft and premium donuts but also a wide variety of coffee.


TriNoma Branch Philippines

Products
J.CO's donut flavors are either named using eponyms or word plays such as puns. One example is, Alcapone! The most wanted donuts, inspired by the famous mobster Al Capone. Besides "Alcapone!", there are others variety of donuts such as Glazzy, marketed as the original honey and sugar that melts in your mouth, or "Tira Miss U", the creamy tiramisu cream topped with an Italian tiramisu chocolate.

Store Branches
J.CO business has been expanding rapidly. Their business is able to open up to 30 stores worldwide per year and has reach almost 170 store in Asia. J.CO started business in Malaysia in 2007, then opened its first branch in Singapore in 2008. After 5 years of continued operation, J.CO enters the Philippine market and opened it first branch in SM Megamall.

---------------------------------------------------------------------------------------------------------------------------------

Salim Group can grow so large since in the past it has a close connection with Soeharto family.

 

[MarveL]

I get the chick and you get indomie, how is it sound ? Fair enough..?

Nah, you can take them both, im still in crush-mode for mado..... @madokafc

Salim Group can grow so large since in the past it has a close connection with Soeharto family.

i second that.

 

[DarkElf]

Salim Group can grow so large since in the past it has a close connection with Soeharto family.

To their credit, their current comeback owed a lot to Anthony Salim ability. AFAIK as the poster child of Soeharto's crony, they are become public enemy number one when Soeharto falls. So they lose most of their fortune and sold most of their holdings (inside and outside of Indonesia) to pay for their debt.

 

[Indos]

To their credit, their current comeback owed a lot to Anthony Salim ability. AFAIK as the poster child of Soeharto's crony, they are become public enemy number one when Soeharto falls. So they lose most of their fortune and sold most of their holdings (inside and outside of Indonesia) to pay for their debt.

It is because of 1997 Monetary Crisis. Well, many Indonesian private owned banks are also sold to foreign bank/ firm. I think Anthony Salim should thanks Indonesian government as well by bailing out their debt at BCA. Not only BCA that was getting the hit, but almost all banks. Salim Group will not survive like Today if their debt is not bailed out by Indonesian government.

 

[DarkElf]

It is because of 1997 Monetary Crisis. Well, many Indonesian private owned banks are also sold to foreign bank/ firm. I think Anthony Salim should thanks Indonesian government as well by bailing out their debt at BCA. Not only BCA that was getting the hit, but almost all banks.

The effect of monetary crisis and Soeharto fall goes hand in hand. One of the main reason BCA rushed because people also doubt Soeharto can stay. Not discounting Indonesian government effort, but at the same time the Salim group does try to pay and sell most of their holdings (better attitude than some other group). Later on when the overall condition getting better, at the beginning Indonesian government try to block Salim group from acquiring back some of their asset, because of their reputation as the main crony.

 

[Indos]

The effect of monetary crisis and Soeharto fall goes hand in hand. One of the main reason BCA rushed because people also doubt Soeharto can stay. Not discounting Indonesian government effort, but at the same time the Salim group does try to pay and sell most of their holdings (better attitude than some other group). Later on when the overall condition getting better, at the beginning Indonesian government try to block Salim group from acquiring back some of their asset, because of their reputation as the main crony.

The gap between the real debt and the sell of the asset is huge. Today, KPK is trying to open the case once more. It is really creating suspicious on the lost of BLBI data because of fire at Police Head Office in 2000's.

Not friend, it is a regulation that previous owner cannot take back their asset since the gap between the bailing out cost and the asset selling is to high. It is applied to all, not only BCA. Well, BCA should be in the hand of government, considering the cost the government has paid for that (and also the people suffering because of inflation caused by printing the money). It is one of the reason of why Megawati Soekarno Putri cannot get her throne once more.

 

[DarkElf]

The gap between the real debt and the sell of the asset is huge. Today, KPK is trying to open the case once more. It is really creating suspicious on the lost of BLBI data because of fire at Police Head Office in 2000's.

That's two different matter. It's well known that some of the receiver of the bail out choose to dispute it or simply run away instead trying to pay. But putting the failure of the whole program on the one group that at least does try to pay is really stretching it.

Not friend, it is a regulation that previous owner cannot take back their asset since the gap between the bailing out cost and the asset selling is to high. It is applied to all, not only BCA. Well, BCA should be in the hand of government, considering the cost the government has paid for that (and also the people suffering because of inflation caused by printing the money). It is one of the reason of why Megawati Soekarno Putri cannot get her throne once more.

Yes, BCA should be in the hand of the Government because of the bail out. What government do with BCA after that is another topic.

The example from what i read is not about BCA, but IndoCement. The government refuse Salim Group (as majority) with German group (as minority) offer to buy back. Instead they encourage and only accept the offer when the German group become the majority shareholder with Salim as minority shareholder.

 

[Indos]

That's two different matter. It's well known that some of the receiver of the bail out choose to dispute it or simply run away instead trying to pay. But putting the failure of the whole program on the one group that at least does try to pay is really stretching it.

Yes, BCA should be in the hand of the Government because of the bail out. What government do with BCA after that is another topic.

The example from what i read is not about BCA, but IndoCement. The government refuse Salim Group (as majority) with German group (as minority) offer to buy back. Instead they encourage and only accept the offer when the German group become the majority shareholder with Salim as minority shareholder.

1. Paying by giving their asset that is actually much less than the actual debt

2. All major banks Today (beside BCA-taken by British stake holder) are state owned and their profitability is huge. So government can run banks professionally as well, other case is BRI, it is so famous because their ability to finance micro businesses while having huge profit by doing so.

3. Yup, as I said, previous owner cannot become majority stake holder anymore. It is against the rule. The rule is still in place until now ( as far as I know)