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    21Jun, 2015
    Indonesia’s Largest Animal Feed Producer to Enter the Tea Industry

    Jakarta. Indonesia’s biggest producer of animal feed, Charoen Pokphand Indonesia, is expanding its business to include beverages with the development a Rp 400 billion ($30 million) packaged tea factory in an industrial estate in Cikande, Banten.

    The plant is already in its construction stages, which is expected to reach completion next year, said Ferdiansyah Gunawan, a director at Charoen Pokphan Indonesia.

    “The factory covers an area of around five to six hectares and will have the capacity to produce 40,000 packets of tea per hour,” Ferdiansyah said after attending an annual general shareholders meeting on Friday.

    The product will be named Fiesta White Tea, he said, adding that the company sees huge prospects in Indonesia’s packaged tea industry, which still sees a limited number of players.

    “We expect the product to become available in the market within a month [after construction ends]. We will initially aim for distribution in Jakarta, West Java, Central and East Java,” Ferdiansyah said.

    Charoen, a unit of Thailand-based CP Group with a business history of being animal feed producers and breeders of day-old chicks, expanded its business into the downstream sectors by producing packaged chicken nuggets sold under the brand Golden Fiesta, Fiesta, Champ and Okey.

    These nugget sticks are produced at Charoen’s plants in Cikande, Banten; Salatiga, Central Java; Medan in North Sumatra; Sidoarjo, East Java; and Mojokerto, East Java.

    In related news, shareholders agreed on Friday to offer total dividends of Rp 295.1 billion, which represents a payout ratio of 16.9 percent from last year’s net income.

    Charoen’s profit has dipped so far this year amid slow economic growth, with the company’s net income declining 34.7 percent to Rp 431.2 billion in the first quarter of 2015 comparison to the same period in 2014.

    Investor Daily

    The post Indonesia’s Largest Animal Feed Producer to Enter the Tea Industry appeared first on The Jakarta Globe.

    9Jun, 2015
    Nike Supplier Pan Brothers Seeks $200m Loan to Repay Debts

    Jakarta. Pan Brothers, a listed garment manufacturer, is seeking to raise $200 million from a syndicated loan by next month to refinance its debts and add to its working capital.

    The company plans to pay back the $165 million loan it borrowed in 2013 from a syndicate of 22 local and foreign banks, Fitri Ratnasari, Pan Brother’s administration director, said on Tuesday.

    The 2013 loan bears an interest rate of 3.75 percent above the London Interbank Offering Rate (Libor). The syndicate includes Bank ANZ Indonesia, Bank Commonwealth, Hongkong and Shanghai Banking Corporation, Standard Chartered Bank, CIMB Niaga, and Bank International Indonesia.

    Pan Brothers is cutting capital expenditure this year to $20 million, 41 percent lower than last year’s $34 million. The company plans to spend $17 million constructing two textile factories in Central Java, while the remaining $3 million is to be set aside for engine maintenance.

    Pan Brothers plans to build seven textile mills by 2016. The company supplies international clothing brands, including Calvin Klein, Tom Tailor, The North Face and Hugo Boss, as well as Nike, Adidas and H & M.

    Investor Daily

    The post Nike Supplier Pan Brothers Seeks $200m Loan to Repay Debts appeared first on The Jakarta Globe.

    28May, 2015
    Star Pacific Vows to Maintain Growth in 2015
    Jakarta. Star Pacific, a subsidiary of the Lippo Group, said it will maintain high profit growth this year on the back of the company’s operational efficiency, business development and careful investment.
    The company booked Rp 527.3 billion ($39.9 million) net profit in 2014, up 88.6 percent from Rp 279.5 billion a year before.
    “Investment in well-performing stocks portfolio will be continued in 2015,” said Samuel Tahir, Star Pacific president director on Wednesday, noting the high net income growth came from stock portfolio transactions and dividend shares.
    Samuel said the company would also boost its media business this year by launching mobile applications to gain more customers.
    It earned Rp 329.54 billion net income in the first quarter this year, down five percent from the same period a year earlier, amid slow economic growth and high inflation in the first quarter of 2015.
    Star Pacific, through its subsidiary Multi Media Interaktif, controls media such as Beritasatu.com, The Jakarta Globe, Globe Asia, Suara Pembaruan, Majalah Investor and Investor Daily.
    The company will be more focused on developing its digital media division, mainly Beritasatu.com, said Primus Dorimulu, Star Pacific director.
    Beritasatu.com will provide news in both Indonesian and English.
    “Newspaper still contributes a big share in income from the advertisement, followed by television, radio and digital. Still, advertisement growth in newspapers are slowing down while boosting in digital,” said Primus.

    The post Star Pacific Vows to Maintain Growth in 2015 appeared first on The Jakarta Globe.

    28May, 2015
    Star Pacific Vows to Maintain Growth in 2015
    Jakarta. Star Pacific, a subsidiary of the Lippo Group, said it will maintain high profit growth this year on the back of the company’s operational efficiency, business development and careful investment.
    The company booked Rp 527.3 billion ($39.9 million) net profit in 2014, up 88.6 percent from Rp 279.5 billion a year before.
    “Investment in well-performing stocks portfolio will be continued in 2015,” said Samuel Tahir, Star Pacific president director on Wednesday, noting the high net income growth came from stock portfolio transactions and dividend shares.
    Samuel said the company would also boost its media business this year by launching mobile applications to gain more customers.
    It earned Rp 329.54 billion net income in the first quarter this year, down five percent from the same period a year earlier, amid slow economic growth and high inflation in the first quarter of 2015.
    Star Pacific, through its subsidiary Multi Media Interaktif, controls media such as Beritasatu.com, The Jakarta Globe, Globe Asia, Suara Pembaruan, Majalah Investor and Investor Daily.
    The company will be more focused on developing its digital media division, mainly Beritasatu.com, said Primus Dorimulu, Star Pacific director.
    Beritasatu.com will provide news in both Indonesian and English.
    “Newspaper still contributes a big share in income from the advertisement, followed by television, radio and digital. Still, advertisement growth in newspapers are slowing down while boosting in digital,” said Primus.

    The post Star Pacific Vows to Maintain Growth in 2015 appeared first on The Jakarta Globe.

    6May, 2015
    Foundation Rings Opening Bell for 2015 Academic Year at Hikari Japanese School

    Jakarta. Hikari Japanese School, an international school under the auspices of Pelita Harapan Education Foundation, officially started its 2015 academic term on Tuesday.

    The school is located in Orange County, an integrated property development in Cikarang, West Java, which is poised to become a business and lifestyle center for Jakarta’s eastern corridor.

    “Investing in education is fundamental, we provide the infrastructure needed in education to improve the quality of human resources in the 21st century,” said Pelita Harapan Education Foundation (YPPH) founder James T. Riady.

    Some 1,600 factories located in Bekasi, West Java, are operated by Japanese companies that are expected to employ up to 6,000 Indonesian workers in three to five years, according to James.

    Hikari Japanese School system coordinator Wiginy Kusliawan added: “At the moment we only open classes at the kindergarten level, with a target of around 100 students. We plan to gradually add an elementary, junior high and high school.

    “This Christian-based educational school is built to accommodate the educational needs of Japanese children in Lippo Cikarang’s golden triangle. The Hikari Japanese School opens in May, adopting the educational calender of Japan,” he added.

    To facilitate the growing number of expatriates, “Lippo Cikarang is developing the Rp 25 trillion [$19.1 billion] Orange Country [integrated area],” said Lippo Cikarang chief marketing officer Stanley Ang. Orange County aims to provide expatriate with an integrated community and will include a Japan Town and Korean Town.

    GlobeAsia

    The post Foundation Rings Opening Bell for 2015 Academic Year at Hikari Japanese School appeared first on The Jakarta Globe.