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B2 October 12, 2011 The President Post www.thepresidentpost.com Business PT DI, Spain’s EADS- CASA to Produce C-295 Planes The two sides agreed to build six to nine units. Some of the planes would be built by EADS-CASA in the aircraft manufacturing facility of Airbus Military in San Pablo, Sevilla, Spain. PPT Dirgantara Indonesia (DI) and European Aeronautic Defense and Space (EADS)-CA- SA Spain are to cooperate in producing C-295 light military transport planes, a DI official said. “The C-295 plane is the result of CN-235 development with its fuselage extended by three meters while the wings are the same and the engine is bigger,” PT DI president director Budi Santoso said after meeting with Airbus Military CEO and deputy minister of defense Domingo Urena Raso here last week. The two sides agreed to build six to nine units. Some of the planes would be built by EADS-CASA in the aircraft manufacturing facility of Airbus Military in San Pablo, Sevilla, Spain. The C-295 that flew for the first time in 1998 measuring 50% bigger than its predecessor with PW127G turboprop engine made by Pratt & Whitney. Especially for C-295 production, Budi said, three would be built at PT DI and the rest in Spain. He added the C-239 varieties would have load capacity of up to 9.3 tons and could be categorized as a medium military lift. The C-295 aircraft is more efficient in maintenance and fuel consumption namely able to fly 5.300 kilometer long with fuel of up to 4.5 tons. Apart from that EADS-CASA has also successfully developed a C-295 variety MPA for maritime patrol and C-295 AEWCS with a early warning system capability and radar in the aircraft that could turn 360 degrees. PT DI Group to S. Korea for Fighter Aircraft Program PT DI has sent 35 personnel to South Korea to make preparations for an Indonesia-South Korea cooperation program to develop a 4.5th generation fighter aircraft. “We sent 35 personnel to Korea last month. They were sent to carry out an assignment given to PT DI by the government, in this case the defense ministry,” PT DI Director of Technology and Business Development Dita Ardonni Jafri said here last week. The program to develop the future fighter aircraft was codenamed KF-X/IF-X (Korea Fighter Experiment)/Indonesia Fighter Experiment). The preparations would take a long time as the certificate would only be issued in 2020, he said. The fighter jet to be made under the program would be of a higher class than the F-16 or Sukhoi-30 because it would be of the 4.5th generation but still lower than the US` F-35 which is a fifth generation aircraft. The aircraft`would have a fighting capability within a radius of 600 nautical miles, an endurance of 4.5 hours and a payload including armaments of up to 6,000 kg. Through the program which consisted of actvities to design, produce , integrate and test the aircraft , the Indonesian government wanted indirectly to develop the domestic aviation industry. From 2013 to 2020, the program will start an engineering manufacture development phase, conduct a preliminary design, detailed design, and prototype production certification. Full production is expected to done in 2021. ELECTRONIC PAYMENT: Most SMEs now use the services of banks to make domestic payments. At least 70% of SMEs are using banking services for these needs. SMEs that do domestic payments reach 73%, including giro and electronic payment, while check payments reached 76%. The President Post/Nandi Nanti PT Semen Gresik to Buy Into Coal Mine Cement producer PT Semen Gresik Tbk. (SMGR) is conducting a feasibility study with regard to its plan to acquire a coal mine in the Riau province in Sumatra. Its director of business development, Erizal Bakar, said here last week the acquisition was aimed at assuring energy supply to the company`s plants in Sumatra, Java and Sulawesi. “The coal mine in Riau is expected to be able to meet the coal need of Semen Padang,” he said after an extraordinary shareholders` meeting. Erizal said the acquisition process was expected to finish in the first semester of 2012. “Until now the study is still ongoing on the mine which is predicted to have a coal reserve of 16 million tons with calorie content of 4,800 to 5,500 cal,” he said. He said the company is also exploring the possibility of conducting operations cooperation in a coal mine in South Kalimantan with a reserve of eight million tons and calorie content of 5,800 to 6.100 cal. “This is a mere production cooperation. The portion is not yet known. Later it will produce one million ton a year to meet the need of Tonasa plant,” he said. Totally Semen Gresik Group needs four million tons of coal a year for PT Semen Padang (one million ton), PT Semen Gresik Tbk. (two million tons) and PT Semen Tonasa (one million ton). Regarding the company`s performance in the first semester this year he said PT Semen Gresik Tbk. booked an revenue hike of 14.11% to Rp7.60 trillion from Rp6.66 trillion in the previous same period. With the increasing revenue the company booked a net profit of Rp1.89 trillion, up from Rp1.62 trillion in the same period last year. Based on that the profit per share was up from Rp274 to Rp316.
www.thepresidentpost.com The President Post October 12, 2011 B3 Investment State-owned oil and gas company PT Pertamina is ready to invest Rp359 trillion mostly for upstream sector development. “Of the total investment, 85% would go to upstream development,” the company`s Corporate Communication Vice President, Mochamad Harun, said at the Media Workshop on “Sustainable Development Impacts of Energy Prices: The Role of Fossil Fuel Subsidy Reform in Indonesia 2011” here recently. Pertamina to Invest Rp359 t In Upstream Sector Canada Keen on Investment Partnership with RI As the operator of subsidized fuel oil distribution, Pertamina is assuring the readiness of infrastructure and oil fuel supply. “The investment project will be realized in line with the company`s role of helping implement the government`s policy through helping smoothen distribution of subsidized fuel oils in Indonesia,” he said. One of them, he said, is assuring the readiness of infrastructure and oil fuel supply as his company is the operator of subsidized fuel oil distribution. “However, distribution of fuel oils across Nusantara (Indonesia) has been hindered by the vastness of the archipelago, hard terrain, uncertain weather conditions and high lands,” he said. Now, he said, the distribution of fuel oils is supported by 14 transit terminals and installations, 51 terminals and main depots, 85 land and sea depots. With new refineries, he said he was optimistic the capacity of Pertamina`s refineries could rise to 1.711 million barrels in 2017. Right now the capacity of its refineries could still reach one million barrels. Canada and Indonesia are to strengthen their economic development relations by establishing a trade and investment partnership, a visiting Canadian minister said. “One of the strategies to do that is by forging new and deeper trade relationships around the world. Indonesia and Canada will not only trade with each other but also invest in each other`s economy,” Canadian Minister of International Trade Ed Fast said here recently. Fast said that both countries were in negotiations on the conclusion of a Foreign Investment Protection Agreement (FIPA). Canada has high technology on oil and gas processing and was offering it to deepen its partnership with Indonesia in sharing expertise in the oil and gas industry. He said the Canadian government, like the Indonesian government, was focusing on the achievement of economic prosperity. “The Indonesian government is not different from the Canadian. It wants to build a stronger economy so that more and more Indonesians can enjoy the fruits of their labor and enjoy a descent life,” he added. He said Indonesia had favorable conditions for Canada to invest, adding that trade between Indonesia and Canada in 2010 reached a total value $2.3 billion. Indonesia`s Gross Domestic Product (GDP) in 2010 was 725.8 billion Canadian dollars while Canada`s GDP was 1.624,6 billion Canadian dollars. Canada GDP growth rate in 2010 was 3.2% and Indonesia`s 6.1%. Canadian exports to Indonesia in 2010 rose by 9.4% to 1.1 million Canadian dollars while Canada`s imports from Indonesia also rose 25.2% to 1. 3 million Canadian dollars. Unilever to Invest Rp1.1 t in Sumatra Gita Wirjawan Cosmetics producer Unilever plans to build a palm oil processing plant at Semangke, North Sumatra, at a cost of Rp1.1 trillion. The plant would produce fatty acid oil chemicals, Head of the Investment Coordinating Board (BKPM) Gita Wirjawan said after accompanying President Susilo Bambang Yudhoyono at a meeting with the management of Unilever here recently. Gunung Kidul Govt to Build Drini Beach The factory was investment in the downstream sector particularly in the palm oil processing plant, he said. “It will take two years to complete the construction of the plant,” he said. He said the company was also committed to raising its investment by $600 million to increase the number of plants in Indonesia. RI is Singapore’s Third Largest Investment Destination Five other countries which become Singaporean investment destinations were China (S$58.1 billion), Malaysia (S$28.1 billion), Hong Kong (China: S$21.5 billion), Thailand (S$19.5 billion) and India (S$8.7 billion). Singapore’s direct investment in Indonesia reached about S23.3 billion dollars, making Indonesia the islandstate the third largest direct investment destination after China and Malaysia, a spokesperson of Singapore International Enterprise (IE) said. “Indonesia remains our third largest investment destination, so that Singapore International Enterprise (IE) continues to provide facilities to our enterprises to engage in partnerships with Indonesian companies,” IE public relations officer Janissa NG said here recently. “We have taken a number of Singaporean businessmen to Indonesia and conducted investment promotions with the Indonesian Chamber of Commerce and Industry (Kadin),” Janissa NG told Indonesian journalists who made a visit to the IE office in Sibgapore. In addition to Indonesia, five other countries which become Singaporean investment destinations were China (S$58.1 billion), Malaysia (S$28.1 billion), Hong Kong (China: S$21.5 billion), Thailand (S$19.5 billion) and India (S$8.7 billion), he said. The Gunung Kidul administration of Yogjakarta would build Drini beach in Saptosari sub-district as tourist destination like Tanah Lot in Bali. Head of Gunung Kidul Culture and Tourism Agency Suryoaji said Drini beach has the same shape as Tanah Lot in Bali making it potential for development. “In the middle of Drini beach there is an area that may attract tourists,” said Suryoaji. He said the district administration would develop Drini beach by increasing tourism facilities for playing beach volley ball and a culinary center. According to Suryoaji, Drini beach cannot compete with Baron beach, which is favorite tourist destination. “We think that lack of promotion and infrastructure to reach Drini beach has caused tourists to lose interest to go there ,” he said. Suryoaji said like Tanah Lot, the promotion of Drini beach could be a breakthrough in creasing the interest of tourists. Malaysian Tycoon to Build Star-rated Hotel in Sambas nessman,” Sarawak Commerce and Industry Board spokesman Datu Saleh Hj Sulaiman said here recently. According to him, the investment in the construction of the hotel was estimated at 12 million Malaysian dollars or around Rp41.2 billion. “The figure does not include the A tycoon from Sarawak, Malaysia, plans to build a three-star hotel in Sambas district, West Kalimantan, following the upgrading of the border town of Aruk to the status of gateway between the two countries. “There will be a memorandum of understanding between the Sambas district government and the influential Malaysian busicost of,” he said, adding that preparations for the construction of the hotel were already being made such as efforts to obtain the necessary licenses from the Sambas district government. “It will probably take 18 months to build the hotel,” Datu Saleh said.
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