PT Benakat Petroleum is an energy company in Indonesia with a focus on increasing value through upstream oil and gas development and mining of various commodities coupled with engineering services, procurement and construction (EPC).

Benakat management along with managing underwriters emission shares have agreed to offer as much as 11.5 billion of new shares to the public offering price range of USD 120-USD 140 per share, in which for all the issued shares of warrants attached to as many as 6.5 billion in warrants.

Thus, the target acquisition IPO funds will be obtained a minimum of Rp 1 trillion for the ownership share of 38.34 percent. PT Danatama Makmur acting as underwriters managing the stock of emissions with the full capability of the entire issued shares. If the excess demand, then the party examine the possibility of removing Benakat additional same again.

According to President Director Benakat Wiguna Arifin, in a press conference on Wednesday (27 / 1), the Jak arta, income from the sale of fund shares and warrants will be used for investment and working capital, among others for the construction of oil and gas production facilities, coal, and stone manganese. The fund is also for the purchase of supporting equipment pr oduksi, and maximize return on the invested value.

Due Dilligence Meeting (DDM) and the public exposure made with Danatama Benakat as part of the initial offering period in the process of IPO shares, which performed to explore the initial interest from prospective investors both retail and institutional want any prospective underwriter of shares. Initial bidding process lasted from January 19 until January 28, 2010, with a target stock listing on the Stock Exchange is planned for Indonesia February 11, 2010.

We are optimistic Benakat IPO will get a positive response from various groups of investors both domestic and international. This can be seen from the positive response we got during the roadshows in several countries including Singapore and Hong Kong we have done, said Steffen Fang, Vice President of Investment Banking of PT Danatama Makmur.

Steffen added that oil and gas sector is believed to still be a prima donna and the mainstay of investment and has a bright prospect in line with national economic growth is conducive. This will encourage companies to get a regular cash flow and be one of the attractions for potential investors.

One of the maximum potential energy sources affiliated companies owned by PT Western Petroleum Benakat who has been working with PT Pertamina EP through cooperation contract to manage operations ar ea Benakat oil field operations West, Prabumulih, South Sumatra Province, the oil production areas of oil field operations West Benakat current average of 2000 barrels per day which will be increased to be 4000 barrels per day by the end of 2010.

Vice President Director Benakat M Suluhuddin Noor, said, since the takeover of management of the operating area of the West Benakat by BBP, BBP has increased production from the 77 existing production wells, from about 1,500 barrels of oil per day to about 2,000 barrels of oil per day within 6 months. Based on its development plan, PT BBP estimates of oil production more than 25 million barrels for a period of 15 years.

Roadshow program to Hong Kong and Singapore, there are two prominent investment firms that have expressed interest in the shares of PT PP, namely Fidelity and Pheim Asset Management. “This has become a strong indication of confidence among foreign investors on the performance and company performance to the front, where for the foreign investors will be allocated about 20 percent of total emissions,” said Iman Rachman.

In addition to foreign investors, domestic investors are also interested in the shares of PT PP. PT Jamsostek is one who has expressed interest in buying the confirmation of PT PP.

PT PP has received an effective statement from Bapepam do an IPO on January 29, 2010. The Company started the bidding held on February 13, 2010 and continued with the recording of prime stock on 9 February 2010.

With the stock offering price of Rp 560 per share, PT PP would reap about 581 billion from the IPO. To launch an IPO programs, PT PP pointed 3 securities companies, namely PT Mandiri Securities, PT Danareksa Securities, and Indonesia DBS Vickers Securities.

The fund company will be obtained will be used for investment in energy sector, construction and property, and strengthen corporate working capital.

PT PP get a new contract worth USD 6 trillion in 2009 and the company also noted the carry over in 2010 about Rp 4 trillion. Corporate income in 2007 was Rp 3.2 trillion, in 2008 increased to $ 3, 9 trillion, and in the year 2009 is estimated to reach Rp 4.2 trillion. The net profit in 2007 was Rp 92.98 billion, in 2008 amounted to Rp 121.61 billion, and the year 2009 estimated at about Rp 163 billion.

Building projects to be the largest revenue contributor of PP in 2008, which is as much as 73.72 percent. The next work of roads and bridges as much as 10.44 percent, 5.39 percent of irrigation, and the port as much as 5.06 percent.

Peasants in the village of Karang Anom, Kecamatan Tanjung Bintang, Lampung Selatan, Rabu (16 / 4), to harvest rice. In the past week, the price of dry grain harvest in Lampung high observed, approximately Rp 2200 per kg. The high grain prices make farmers not to sell grain directly, but keep it to fulfill their daily needs.
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JAKARTA, KOMPAS.com – Consumers feel confident that inflation will rise in the next six months. Based on survey results of consumer confidence index, an index which measures consumer sentiment on inflation level increased from 181.8 to 183.6 in November became December 2009.

The survey was conducted Danareksa Research Institute (DRI) published in Jakarta, Tuesday (5/1/2010). Previously, Head of the Central Statistics Agency (BPS) announced Rusman Heriawan, Indonesia recorded the lowest inflation for the last ten years in 2009, which is 2.78 percent.

According to DRI’s Chief Economist Purbaya Yudhi Sadewa, an increase in inflation next six months largely due to seasonal factors due to rising prices of goods and services.

“Toward the Christmas celebrations and New Year, demand for food, food, and clothing are increasing,” said Purbaya. In June, annual inflation is expected to be in the range of 5 percent.

Nevertheless, clear Purbaya, to December 2009, the price increase does not seem as great as usually happens in December last year that the number of consumers who are concerned about the price movement is reduced.

Legal certainty

Meanwhile, consumer confidence in the government’s ability to perform his duties continued to weaken in the survey in December.

After falling in the previous survey, the index of consumer confidence in government (IKKP) fell back by 5.56 percent to 104.6 in December, which is the lowest level in nearly a year past.

It IKKP declining mainly due to the decline in consumer confidence in the ability of governments in creating legal certainty.

Based on survey results of DRI in December 2009, consumer confidence increased again because consumers feel the economic situation is better today.

Consumer confidence index (IKK) rose 0.7 percent to 89.1 in December, which is the highest level in four months. The increase in IKK was also driven by reduced consumer fears of rising prices of basic foodstuffs.

Purbaya explained, currently only 53.8 percent of consumers surveyed expressed their concerns over the issue price of basic foodstuffs.

The two components that make up the IKK increased in December. Component that shows the current situation, the present situation index (ISS), rose by 1.1 percent to 72.7 in December as consumers give a better assessment of current economic conditions.

Meanwhile, the component that shows the state IKK future expectations index (IE), rose by 0.5 percent to 101.3. The increase in IE shows the public’s optimism about the prospects of increasing the family income.

Consumers plan to buy durable goods declined slightly in December after reaching its highest level in four years in November.

The proportion of consumers who plan to buy durable goods in the next 6 months fell to 27.5 percent from 29.0 percent in November.

However, Purbaya said, consumer interest for buying durable goods is still at a high level.

Consumer confidence survey using 1700 samples from Indonesia household survey of six areas. In doing research on the economic movement, one of the tools used by DRI are the indicators of early warning, including a survey on consumer confidence.

This survey, said Purbaya, using face-to-face interview method. The sample for this national survey has been selected in accordance with the statistical methodology to represent the character, demographic, and economic conditions accurately consumer Indonesia.

Quality control survey that meets strict international standards. DRI, which was established in 1999, is a nonprofit research institute

At 09.34, Composite Stock Price Index rose the first session, or 0.48 percent of 12.28 points to 2590.69. Miscellaneous trade and industry to support the index rate at the beginning of this trade.

JCI yesterday slipped 0.75 percent to 2578.42 position. According to Panin Securities research analyst, Purwoko Sartono, China plans to tighten the distribution of credit to negative sentiment for the regional exchanges in trade yesterday. Investors worried that the policy will affect the shrinking of liquidity from the market for the short term. “However, we estimate the impact of this policy did not last long,” he said.

He mentioned, in the middle of selling pressure on shares of superior, he saw an opportunity to do selective buy the stocks that have entered the oversold area. In addition, he continued, the national economic outlook is brighter still a magnet for investors / foreign funds to enter Indonesia.

“The technical, we expect the index will test support level of 2553-2566. While the resistance is in the range of 2600-2617,” he said.

Dow Jones Industrial Average rebounding (turned up) of early losses, rising 41.87 points (0.41 percent) at the end of trading to 10,236.16.

The Nasdaq composite index rose 17.68 points (0.80 percent) to 2221.41, while the index of the Standard & Poor’s 500 rose 5.33 points (0.49 percent) to the temporary closing of 1097.50.

Embrace the market back losses after the policy-making body, the Federal Reserve decided to keep monetary policy unchanged stimulus Wednesday and said it expected to continue to keep interest rates “very low” in the long term to support economic recovery.

Andrew Fitzpatrick of Hinsdale Associates said the first reaction is to sell, but the market rises after digesting the Fed statement because there are no signs of raising interest rates or withdraw stimulus.

‘When you see the actual statement, it is very dangerous for the market. You do not have the news here, is more or less a non-event and provide a market opportunity too to think we can keep the recovery going, “he said. “So I think it was generally positive.”

FOMC decision, including a difference of opinion, a departure from the meeting recently, with the Kansas City Fed President Thomas Hoenig believes that “expectations of very low interest rate of federal funds for an extended period is no longer necessary”.

Analysts say, differences of opinion raises questions about whether the Fed’s move toward so-called exit strategy of foreign policy aimed at reducing common economic shocks of the recession.

The market was also waiting for Obama’s state address Wednesday night, when he is expected to give the chart a more “giving hopeful” future of American economic deprived and trying to save an ambitious plan for reform.

Sales price of USD $ 2705.33 per share or 100 percent higher than the stock price on the bourses LPPF day before the deal was signed. MPPA earned Rp 7.2 trillion from these sales.

Meadow is a joint venture MPPA and CVC Capital Partners. However, MPPA has only 20 percent and 80 percent of CVC tucks LPPF shares. CVC is an international fund management companies which entered the ranks Top Five. Kelolaannya funds reached 46 billion U.S. dollars.

Indeed, indications plan Matahari Department Store sales have emerged since September 2009. At that time, MPPA business unit to sell assets of his department store to PT Pacific Utama Tbk. Sales value of inventory, equipment and supplies business, and the right to lease the space efforts of middle-class retailers below Rp 430.06 billion.

Pacific bought the business unit with the money of the issuance of new shares equal to the value of the acquisition. Later, renamed Pacific maternity Matahari Department Store. However, these companies remain Lippo Group affiliate companies and the representative of the MPPA.

Benjamin J Mailool, MPPA President, explains, the sale of shares LPPF aims to strengthen its business structure. “For retail businesses need a big budget,” he said, yesterday. However, he was not sure the plan using the proceeds of funds.

Thin margin

Director Edwin Sinaga Nusa Financorpindo suspect, see the development of the Lippo Group has no significant LPPF anymore because competition from other players. “They see things so differently from the Hypermart stores planned to continue to increase,” he added.

Asia Kapitalindo Securities analyst Arga, Paradita Sutiono, chimed in, the retail sector provides only a thin margin. In the calculation, margin only 2 percent-6 percent. “Probably, the fund’s proceeds will be used for the addition Hypermart stores,” he said. Understandably, the modern market businesses have much brighter prospects.

Edwin added, the Lippo Group might want to re-focus on property business. For your information, besides having the MPPA Hypermart stores, the business giant still has a business wing of the property through PT Lippo Karawaci Tbk and PT Lippo Cikarang Tbk. They also have owned megaproyek PT Kemang Village.

The Bhakti Securities head of research Edwin Sebayang see, Lippo business is now more focused on the health sector, banking and finance

“Target end 2010, six have joined ASEAN in ASW agreement,” said Chief Executive Susi Wiyono Technical Budiharso National Single Window (NSW), after the press conference launching the NSW system in Jakarta International Container Terminal (JICT), Tanjung Priok, Jakarta, yesterday.

The six countries are Indonesia, Malaysia, Thailand, Singapore, Philippines, and Brunei Darussalam. Meanwhile, four other Indochina countries will follow in 2012 namely Vietnam, Laos, Cambodia, and Myanmar.

In addition, four new countries will join later because it is still stuck in the legal aspects of each country. “Crossboarder barriers of data exchange,” he added.

Meanwhile, Chief Executive of the NSW Eddy Putra Irawady stated that in 2012 the government will have an independent agency to deal with the ASW. “The plan in 2012 we had a new institution for it (ASW), it is in conformity with our work plan,” he said.

As is known, was inaugurated yesterday in the five NSW ports and airports in Indonesia is carried out symbolically by President SBY. Later management of the implementation of import-export documents and customs will be done online, while the four ports will be open 24 hours a day service, seven days a week.

: PT Wintermar, one of the ships off shore operators in Indonesia’s largest, did not participate in the tender for the procurement of ships offshore floating storage offloading (FSO) which opened ConocoPhilips and Camar Resources Canada.

Director of PT Layanto said Wintermar Sugiman perseroannya not submit a bid in two tenders had been opened at the beginning of last month. “This time we did not go to bid,” he told bisnis.com today.

He explained more concentrated perseroannya fleet off shore strengthen small scale in Indonesia are still needed in order to replace the ships of foreign flagged as type of anchor handling tug suplay (AHTS).

Because, he says, until this moment not a contractor contracts (KKKS) who still use foreign-flag ships. “Let the other operators began to enter the sector, these companies still focus on small-scale ship first.”

ConocoPhilips open tender for the procurement FSO vessel to replace the Diamond. Liberia’s fleet had been hired without having a clear time limit.

Artificial vessel weighing 178,604 DWT in 1968 was hired by ConocoPhilips to operate in the area waters Belida, Natuna, Riau Islands.

Camar Resources Canada open tender procurement prequalification FSO vessel at the beginning of last month to replace the fleet Ayu Maera contract expired in November 2009.

Ayu is Maera FSO fleet of 1975 made Indonesia operated by PT Trada Maritime, Tbk. Capacity of 37,187 DWT ship was chartered by Camar Resources Canada to be operated in the waters of Gull, North Sumatra.

Sugiman FSO explained that the tender was opened by two KKKS had been given the opportunity to cruise off shore companies to expand into the provision of large-scale transportation lease.

BI Deputy Governor Muliaman D Hadad said, his department saw the condition of the national banking system is now strong enough and get the trust of the community. This is the opportunities for banks that will begin to look the global market.

“We need not lose heart because of our banking industry is strong enough, there was even a glance at the global market,” said Muliaman said the Banking Industry Dialogue in 2010 in the Multipurpose Building Indonesian Banking Development Institute (LPPI), Jakarta, Monday (25 / 1 / 2010).

He insisted, if necessary, it would facilitate the national banking system to speak with the banking authorities of other countries in order to obtain legal umbrella to go global. Related to this, the BI will also hold talks with member countries of G-20.

“As a member of the G-20, we can speak with authority from other countries in order to dipayungi to go global,” he said.

Banking Industry Dialogue was held LPPI to facilitate a meeting between the banking industry and the regulator. Discussed here further that agenda will be made in answering the opportunities and challenges in the Indonesian banking system in 2010.

This event was also a forum for deepening the Bankers Dinner held BI on January 22, 2010. Present in this dialogue of the Board of Banking Association and all relevant directors or echelon I of the government banks, regional development banks, national private banks, banks mixed, Islamic banks, foreign banks, and people’s credit banks.

Investors hunt for the precious metal back to its price down quite a lot last week. However, investors remained wary of the meeting of Federal Open Market Committee (FOMC), which will determine its benchmark interest rate the U.S. central bank said on Wednesday (27/1/2010) later.

Last Friday gold prices had fallen to touch 1081.90 U.S. dollars per troy ounce, its lowest level in five last week. The reason is the market concerns of President Barack Obama’s plan to limit movement of financial institutions in commodity exchanges. “Actually, the market is not too interested in determining the interest rate the Fed,” said Louis Lok, senior dealer at Bank of China Hong Kong.

According to him, the gold price will move in the range of 1085-1110 U.S. dollars per troy ounce until the Fed announces its reference interest rate. Correction that occurred in last week to investors hunt for gold again.

The price of gold contracts for delivery in February 2010 in the United States rose 0.6 percent to 1101.70 U.S. dollars per troy ounce compared with the previous in Comex, the New York Mercantile Exchange (NYMEX) which for 1095.70 U.S. dollars per troy ounce.

Other precious metals prices, such as platinum and palladium, joined terkerek gold prices. The price of platinum in the cash market to reach U.S. $ 1556.50 per troy ounce and palladium 440 U.S. dollars per troy ounce.

The decline that had occurred in the gold market looks at the gold stock of SPDR Gold Trust GLD is an exchange-traded fund based on the world’s largest gold. As of January 26, 2010, gold stock owned SPDR Gold Trust GLD position has not changed from January 25, 2010, which is 1111.92 tons