Vice President: Government will reduce the import of LPG

Vice President: Government will reduce the import of LPG

Vice President Boediono said the government will increase investment to reduce dependency on imported LPG fuel is increasing.

"Import of LPG has increased dramatically and will continue in the future. Consequently, it needs more investment to increase production capacity in the country," he said while giving a speech in the World LPG Forum-25 in Nusa Dua, Bali, on Wednesday.

According to him, the use of LPG has increased rapidly following the success of kerosene to LPG since 2007.

Boediono also said the government would increase the availability of infrastructure and fix gas prices.

Director General of Oil and Mineral Resources Ministry, Evita Legowo said the reduction in the import of LPG can be done in three ways.

First, the increase in domestic LPG production from refinery fuel oil. LPG is a byproduct of fuel refineries.

"The more the refinery fuel, LPG production then more and more," he said.

The government has programmed the construction of three oil refineries are targeted to start production from 2018 to 2019.

Second, increasing LPG production from natural gas and replace it with the last dimethyl ether (DME).

Today, he continued, the government is preparing rules DME specification for the development of these fuels.

According to Evita, an investor who is preparing the land as a place of production of DME in Banten, still waiting for the rules of that specification.

Meanwhile, Pertamina president director Karen Agustiawan said the government should require all manufacturers to produce LPG gas.

Currently, the natural gas produced in the country is not separated components C3 and C4, which is the raw material of LPG.

"In the future, should be considered` mandatory `so that components C3 and C4 were used as LPG," he said.

Pertamina itself, he added, was to separate the components C3 and C4 to be LPG.

LPG consumption nationwide reach five million tons per year with details of 2.2 million tonnes supplied from within the country and the remaining 2.8 million tons of imports.

Consumption of five million tonnes came from subsidies of 3.6 million tons and 1.4 million tons of non-subsidized.

Consumers are receiving subsidy users and non-subsidized 3 kg tube consists of 12 kg, 50 kg, and bulk.

World LPG Forum-25 followed nearly 1,000 participants from industry, manufacturers and policy makers in 67 countries.

Also present at the event included Minister of Industry, MS Hidayat, Director General of Oil and Mineral Resources Ministry, Evita Legowo, Head of Downstream Regulatory Body Oil and Gas (BPH Migas), Andy Sommeng, Vice Commission VII, Zainudin Amali, the Governor of Bali, I Made Mangku Pastika, and the World LPG Association president Ramon de Luis Serrano.

BRI product launches investment savings plan Britama

BRI product launches investment savings plan Britama

Saving as well as investment and savings products that is newly named Bank Rakyat Indonesia Britama Plan. The advantage, realize assurance plans, life insurance benefits, competitive premiums, and interest rates are relatively high.

The tendency of the banking world today, running a long-term investment program to meet the availability of funds in the future.

"This product public deposits denominated in rupiah per month fixed deposit and term agreed at the time of account opening," said Secretary of BRI, Mohammed Ali, the launch Britama Savings Plan, on Wednesday.

He described some of the advantages to be gained by the customers of the product Britama plan.

In addition, opening and filing a claim can be made at the Unit of Work BRI in Indonesia and term flexible savings up to 20 years.

For insurance coverage, he continued, the regular customers who dies or gets sick fixed deposit amounting to 100 times per month, for those who died in an accident will have 200 times the fixed monthly payment.

Head of Fund Services Division BRI, Widodo Januarso said Britama an investment savings plan which includes a variety of planning, such as funding holidays, education, pilgrimage, marriage, and pension funds.

"The advantage three M, that is easy, sure, and profitable. Facilitate because it is simple and flexible to customers. Magnitude that determines their savings. Age clients from 17 to 64 years," he said.

A minimum fixed monthly payments specified BRI for Britama program plan amounted to 100,000 in increments of 50,000, and the maximum fixed deposit of five million dollars. Customers can open more than one account with a maximum deposit of 5 million.

"This product focuses on the benefits to customers. Insure it as a piggy bank 7.5 percent of the customers to pay a premium tubes. Flowers are higher than the regular savings, but one point below the deposit rate, which is about 3.25 percent," he said .

Furthermore, he said, the type of account does not provide ATM cards to help customers save busy to be ascertained.

Pigeon-Pos Indonesia sasar cargo business

Pigeon-Pos Indonesia sasar cargo business

The excitement aviation business in the country to make PT Merpati Nusantara Airlines targeting new business, namely cargo services. This new business can be realized in November 2012.

Pigeons revive its business, including the purchase of new aircraft and offering operation pattern of cooperation with the districts.

EVP Commercial Merpati Nusantara, Sutan Banuara, said that Merpati will work with PT Pos Indonesia on this new subsector. The mechanism, PT Pos Indonesia provides aircraft carrier Merpati, and for the results.

Pos Indonesia has provided a cargo plane Boeing B-737 Classic series. Investment plane entirely derived from the state-owned logistics. "We will plane to route high cargo needs," said Sutan at the Head Office of Bank Mandiri, Jakarta, on Wednesday.

He pointed out, Pos Indonesia cargo from Soekarno-Hatta International Airport reached 150 tons per day. Expected to boost the contribution to earnings Merpati 10-12 percent range, from just eight percent today.

From this cooperation, Merpati plans to revise its earnings around 5-10 per cent to Rp2, 21 trillion to Rp2, 31 trillion, from the initial target of Rp2, 1 trillion. In addition to cooperation cargo services, Pos Indonesia will also sell tickets Merpati. Currently, the two sides are talking connectivity system. "We expect early next year could be realized," he said.

ADB focus of work on energy efficiency projects in Indonesia

ADB focus of work on energy efficiency projects in Indonesia

The Asian Development Bank (Asian Development Bank / ADB) will focus work on energy efficiency projects in Indonesia.

"In Indonesia, we are conducting studies for several projects. We are more focused on improving the efficiency of the production process (energy) already exists," said Director General of ADB's Sustainable Development Department Seethapathy Chander on the sidelines of the Clean Energy Expo Asia (CEEA) 2012 in Bangkok, Wednesday.

According to him, the ADB among others, had the initiative to connect with Sabah Sarawak in Malaysia on Borneo island to supply electricity at a cheaper price for the Indonesian part of the island.

"The construction of the gas pipeline that connects Malaysia, Singapore and Indonesia is our second initiative," added Chander, who joined ADB as energy experts for various projects in Bangladesh, India, Maldives and Laos.

ADB focuses its support in the effort to provide efficient energy for a number of areas because until now the price of electricity in parts of rural Indonesia is still high.

"But apart from that we also support projects supplying electricity to the countryside with wind power and biofuels, because in a fertile area in Indonesia as the production of solar electricity that need vast land is not always efficient. Would be better if the fertile land was used for activities Another productive as agriculture, "said Chander.

ADB, he said, was also working on production projects with geothermal energy in Indonesia. ADB in the project include working on projects Sarulla Geothermal, geothermal power plant in North Sumatra, by providing a loan of about 250 million U.S. dollars.

Once the project is the provision of energy to remote areas and the development of geothermal power production in Indonesia, he said, ADB will continue to make efforts to support the development of clean energy and renewable energy in Indonesia.

"Slowly we want to increase the role of Indonesia," said Chander Seethapathy.

Antam has been able to sell gold bars to local

Antam has been able to sell gold bars to local

PT Antam (Firenze) is now able to sell and distribute the product to the gold areas, having previously not reached by representatives of the company, according to the PR Antam.

Antam ability to distribute products to the gold batangannya realized after working with PT Pawnshop (Limited). The memo of understanding was signed cooperation Antam president director, Alwinsyah Lubis and Director of Mortgage Brokers, Suwhono, in Bogor.

The signing of the cooperation in the field of buying and selling gold bullion certified London Bullion Market Association (LBMA) was held on 8 September 2012, witnessed by the Secretary of the Ministry of SOEs Revelation Hidayat.

Within this cooperation Processing Business Unit & Precious Metals Refining (LM) Antam will supply the LBMA certified gold bullion in accordance with the Pawn daily rates apply.

Pawnshops then resell through outlet-stores are spread throughout Indonesia.

Accompanying cooperation, Alwinsyah Lubis said pihaiknya can continue to increase sales and distribution of gold bars to the corners of Indonesia with the help of Mortgage Brokers who have outlets in areas not yet covered by Antam.

Step cooperation with Antam Pawnshop in the distribution of gold bars mentioned the growing trend driven by the demand for gold bullion.

Pawnshops itself is one of the customers precious metal bullion products Antam to purchase up to 1 ton in 2011.

The amount of total purchases in 2011 that jump off of the purchase of 147 kilograms in 2010. Until the second half of 2012, Pawn has bought nearly 1.2 tons of gold out of Antam

China investing $ 20 million turbine factory wake

China investing $ 20 million turbine factory wake

Investors from China's interest to invest 20 million U.S. dollars to build a turbine engine plant in Indonesia by cooperating with local companies.

"Investors from China will expand by setting up a turbine engine manufacturer. 

Thing is one of the factors supporting the construction of power plants being taken by the government," said Director General of High Technology-Based Industries Featured Ministry of Industry (Ministry of Industry), Budi Darmadi, after a hearing with the commission VI of the House of Representatives on Wednesday.

The products will be made by the manufacturer from China, according to Budi, using technology from Europe.

"In the future marketed products using European standards and licensing of China. With the influx of investors from China, Indonesia already has two turbine plants, namely Siemens in London in collaboration with PT Dirgantara Indonesia," he said.

Investment in the turbine engine, said Budi, will increase the use of domestic products.

"This was done as one of the government's efforts to strengthen the goods and reduce the trade deficit. Estimated investment of 20 million U.S. dollars," he said.

Budi said it was encouraging local partners to partner with a company from China.

"We will seek the company of the country to cooperate with Chinese companies making turbines with superb quality," he said.