Home Finance of America – Now Offering Lowest Mortgage Payments

Home Finance of America,

one of the nation’s leading online mortgage banks, is proud to announce that they are offering a mortgage rate of 3.125% (APR 3.295%) for a mortgage fully amortizing in 30 years. The interest rate on this special loan program is fixed at 3.125% (APR 3.295%) for the first 5 years after settlement and is known throughout the mortgage industry as a 5/1 ARM. A 5/1 ARM fully amortizes in 30 years so like traditional a 30 year fixed rate mortgage so the resulting monthly payment is low. A 5/1 ARM has an initial fixed interest rate for the first 5 and may adjust once each year for the remaining 25 years of the loan. The initial fixed interest rates for adjustable rate mortgages are significantly lower than those offered for 30 year fixed rate mortgages.

While Home Finance of America is currently offers the mortgage industry’s lowest 30 year fixed rate mortgage at 4.125% (APR 4.293%) a financially savvy borrower will in most cases find the 5/1 ARM is a better product. On a $200,000 5/1 ARM at Home Finance of America’s current rate of 3.125% (APR 3.295%) a borrower would save $112.55 each month in a 5/1 ARM as comp

Astra Print Profit of Rp 4.3 trillion, Thinning 7%

PT Astra International Tbk (ASII) recorded a profit of Rp 4.3 trillion at the end of March 2013. Thinning profit 7% of the acquisition of the same period of the previous year of Rp 4.6 trillion.

The fall in profit was in line with the Astra stagnanya Astra turnover alias net income in the first quarter of 2013 amounted to Rp 46.7 trillion, edged up 1% compared to the same period in 2012 of Rp 46.4 trillion.

“Indonesia’s economic outlook remains positive, although in the short term gains Astra will be affected by rising labor costs, weakening commodity prices, competition in the automotive industry and the impact of regulations on the minimum down payment auto financing sharia,” said President Director of Astra International Prijono Sugiarto in press release, Wednesday (24/04/2013).

Astra Group activities focus on six core business lines, namely Automotive Division, Financial Services, Heavy Equipment and Mining, Agribusiness, Infrastructure and Logistics, and Information Technology with the following details.

Automotive Division’s net profit fell by 10% to Rp 2.2 trillion, consisting of Rp 1 trillion from the Company and its subsidiaries, as well as the contribution from associates and jointly controlled entities in the automotive field of Rp 1.2 trillion.

Throughout the first quarter of 2013, demand for motor vehicles remains high, mainly supported by rising incomes and borrowing rates are affordable. However, increased competition due to increased domestic production capacity and rising labor costs have led to a reduction of the net profit contribution of automotive segments. This condition is expected to continue in the second quarter.

Regulatory minimum down payment on auto financing imposed sharia financing for companies since January 1, 2013 and applies in the bank on 1 April 2013, had little impact on the performance of the first quarter. The new regulation is expected to have an impact on the motorbike sales in the first half.

Total national car sales increased 18% to 296,000 units. Astra’s car sales (Toyota, Daihatsu, Isuzu, UD Trucks and Peugeot) increased 7% to 155,000 units, with a market share of 52%. In the first quarter Astra launched three new models and five facelift models.

Astra Daihatsu Motor has completed construction of a new factory in Karawang with a total production capacity of 120,000 units per year, so overall production capacity to reach 460,000 units per year.

While the national motorcycle sales rose 2% to 2 million units. Honda motorcycle sales output of PT Astra Honda Motor (AHM) rose 14% to 1.2 million units, with an increase in market share from 55% to 62%.

Throughout the first quarter of 2013, PT Astra Honda Motor launched two new models and four models facelift. PT Astra Honda Motor has increased the production capacity for sport type motorcycle from 900 units to 1,300 units per day.

PT Astra Otoparts Tbk (AOP), component manufacturing company in which 95.7% owned by the Company, recorded a net profit of Rp 267 billion, an increase of 2%, where 71% is the contribution from associates and jointly controlled entities. 11% increase in revenues eroded by rising labor costs.

Division of Financial Services net profit rose 23% to Rp 1 trillion. Total financing through Astra automotive finance business consisting of Federal International Finance (FIF), Astra Credit Companies (ACC), and Toyota Astra Financial Services (TAFS) grew 6% to Rp 13.2 trillion, including joint financing through bank financing without recourse .

Total weight of equipment financing through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance fell 40% to Rp 1.3 trillion. PT Bank Permata Tbk is 44.6% owned by the Company, posted a net profit of Rp 356 billion, an increase of 7%. Net interest income increased driven by higher loan growth by 36%, despite the increase in operating costs.

PT Asuransi Astra Buana (AAB) subsidiaries engaged in insurance business had a net profit due to higher growth in gross premium income in excess payment of reinsurance and claims costs are high.

Net income and Mining Equipment division fell 26% to Rp 0.7 trillion. PT United Tractors Tbk (UT), which is 59.5% owned by the Company, reported a 26% drop in net income to Rp 1.1 trillion, while net income decreased by 17%.

Business segment net revenue of construction machinery fell 42%, due to lower sales of Komatsu heavy equipment by 42% to 1,272 units. This happens due to decreased demand from the mining sector, especially for large units. Although when compared with the final quarter of 2012, unit sales increased by 70%.

Pamapersada PT Nusantara (PAMA), a subsidiary of UT in the field of coal mining contractor posted a net income increase of 19%, in line with the increase in coal production by 12% to 24 million tons and increase soil removal work (overburden removal) by 3% to 199 million bcm. Good performance was driven by increased mining capacity and good weather conditions.

UT subsidiaries in mining reported net income decreased by 36%, which is caused by the decrease in coal sales by 23% to 1.2 million tons. Decline in coal prices and rising fuel prices have a negative impact on gross profit margin.
Agribusiness Division’s net profit decreased by 6% to Rp 0.3 trillion. PT Astra Agro Lestari Tbk (AALI), which is 79.7% owned by the Company, reported net income of Rp 356 billion.

Palm oil production increased 22% to 352,000 tonnes, which resulted in increased revenue by 6% to Rp 2.7 trillion, although compared to the first quarter of 2012 the average CPO price decreased 16% to Rp 6.464/kg. Overall net income decreased, due to the high cost of production and operational costs.

Net income Infrastructure and Logistics Division declined by 19% to Rp 124 billion. PT Marga Mandala Sakti (MMS), which operates the toll road operator pathway Tangerang – Merak along 72.5 km, which is 79.3% owned by the Company, noted an increase in the volume of vehicle traffic by 10% to 10 million vehicles.

PT PAM Lyonnaise Jaya (PALYJA), a leading provider of clean water in the area west of Jakarta, reported a decline in water sales volume by 3% to 37 million m3. PT Serasi Autoraya (SERA), recorded an increase in revenue, mainly supported by the increasing number of vehicles on lease contracts TRAC vehicle rental business by 6% by the number of vehicles of more than 31,000 units. The high cost of depreciation and operating costs lead to lower net income compared to the first quarter of 2012.

Net income and Information Technology Division of Rp 20 billion, down 22% compared to the first quarter of 2012. PT Astra Graphia Tbk (AG), a company engaged in the field of information technology and the sole agent of Fuji Xerox in Indonesia, which is 76.9% owned by the Company, recorded a net profit of Rp 26 billion.

Mobile sales Selling Well, Tiphone Gets Rp 129 Billion Profit

PT Tiphone Mobile Indonesia Tbk (TELE) posted a net profit of Rp 129.3 billion in the first half of 2013, an increase of 63% compared to the same period last year to Rp 79.5 billion. The profit increase was triggered by increased revenues of the Company which reached Rp 4.49 trillion, an increase of 36% over the same period last year of Rp 3.3 trillion.

Of the total revenues, approximately 84% was contributed sales of mobile voucher of Rp 3.79 trillion, up 27% compared to the same period last year to Rp 2.98 trillion.

While handset sales reached Rp 654.6 billion, which accounted for approximately 14% of total revenue. Contribution of this handset revenue jumped 125% over the same period last year which was only Rp 291.3 billion.

Tiphone Director Tan Pin Lie said the increase in revenues from handset sales this significant is the impact of the company’s focus on developing a smartphone outlet network in collaboration with global vendors, such as Samsung Mobile and LG Mobile.

“In the first quarter and second quarter of this year, the Company aggressively developing a distribution network for smartphone products in collaboration with several global vendors, such as Samsung and LG. Past June, we have also been designated as a national authorized dealer of LG Mobile.’s Contributed to
growth in revenue from the handset sector, “Tan said in a press release on Thursday (08/01/2013).

In the past year, sales of handsets only contributes about 10% of the revenues of the Company. This year, the Company plans to increase the revenue contribution of 30% of the handset.

In early July, the company completed the acquisition of an importer and distributor of iPhone, PT Mitra Telecommunications Cellular, thus Tiphone position as an importer and distributor that will distribute the product to Apple Premium Reseller and other retailers across Indonesia.

With this acquisition, the company hopes to increase sales of handsets, especially the iPhone and iPad for 5-10% of total revenue, or about 20-30% of total handset sales.

IPhone sales are also working in bundling with operator PT Telekomunikasi Cellular (Telkomsel). Previously, the company also has teamed up with Samsung Mobile, by establishing outlets Samsung Experiential Shop.

Pastry Chef Sang Ayu Anjani Gifted Young

Women with this horse hair tasseled casual conversation with the media crew. I was young, but he was wearing a white uniform can not hide quality. Embroidered on left chest there is a blue ribbon that read ‘Le Cordon Bleu Paris in 1895’.

Ayu Anjani Rahardjo was aged 22 years. However, it is now believed to be a consultant and supervisor pastry World Gourmet restaurant in Kemang, South Jakarta. And he manages home-based pastry business. Not to mention his experience working as a pastry chef in Australia.

Women who familiarly called Ann’s extended family claimed there was nothing to be chef. Most of the work as a musician, including his brother, Rayi RAN. Then, from where she got her cooking skills? Detikfood met on the show ‘Life is Short, Eat Dessert First’ on Wednesday (09.01.13), Ann tells his journey in the culinary world.

Ann admitted she was stubborn as a child. Although her mother forbade playing with fire, Ann anyway. “Eventually my mother upset, my hands actually touched to fire so I knew it was on fire. Hard I cried. Since that time, I learned my lesson,” he said.

However, it seems that remorse did not last long. Ann because both parents busy working, he inevitably required to cook for his own use. “I do not like hungry, so I cook,” he said.

The fire incident also did not make the trauma. After graduating from high school, Ann migrated to Australia in pursuit of education in the culinary field, a field that is familiar with fire. However, since that time she was just 17 years old, he had to wait a year until I can enroll at Le Cordon Bleu Sydney.

To pass the time, Annpun internship at a local restaurant. Although the internship as he handles cuisine (savory dishes), when enrolling in Le Cordon Bleu he chose the field of pastry. “I think it’s more pastry requires skill rather than cooking. Usual cooking if we just need a feeling,” says Ann.

After nine months of study at the prestigious culinary school, Ann managed to get a diploma in the field of pastry. And he had worked at Firefly Tapas & Wine Bar in Sydney before returning to his homeland.

In Jakarta, Ann manage home-based business called ‘Ann’s Bakehouse and Creamery’. His specialty is homemade ice cream. Annpun brand aspires to enter the retail market.

“We are still stuck with the leading ice cream brand from overseas. So if it can, I want to enter into retail as a local brand of ice cream,” he said. Of home-based business is exactly, Ann received an offer to join as a pastry consultant at Gourmet World.

Ann hallmark of home-made dessert is simple, unadorned exaggeration, but neat. The reason, he is more concerned with taste than appearance. “People prefer the zoom scene. Fact, in the end, which can be edible and it really is just the inside,” said presenter cooking shows on private television.

Ann deplore less famous Indonesian food in the international arena. “Because of our lack of promotion. Why Thailand can advance really? Vietnam alone, such a small country, can advance the food,” he said.

He took the example of Australia, where he studied first. According to him, 80% of food in there dominated Thailand and Vietnam. Bulepun people know rice dish because of the popularity of the two countries.

However, according to Ann, Indonesia also had a pastry that can be proud of. “Lapis legit, because of the way bikinnya difficult, expensive, and is a mainstay of Indonesian cake,” he said

Actually, Ann continued, pastries wrapped in banana leaves is also unique. However, for this one, similar to the cuisine has Malaysia. “Moreover, Malaysia terrific promotion. Lapis legit I think that is bad Malaysia do not have,” he concluded.

ESSA Records Net Income of U.S. $ 6.9 Million

PT Surya Eka Perkasa Tbk (ESSA), issuers engaged in LPG refinery, the first semester of 2013 (unaudited) recorded revenues (consolidated) U.S. $ 19.6 million and net income of U.S. $ 6.9 million, and EBITDA of U.S. $ 12 million.

In the disclosure of information the Indonesia Stock Exchange, mentioned ESAA produce LPG at 21 493 metric tons, and 78,586 barrels of condensate during the first semester of 2013, an increase of respectively 26.1% and 33.8% compared to the first half of 2012.

The average selling price of LPG during the first half fell 10.8% to U.S. $ 809 per metric ton, compared to U.S. $ 903 per metric ton in the first half 2012.Harga average LPG during the first semester of 2013 is higher than the benchmark of the Company in 2013 amounted to U.S. $ 750 per metric ton.

Ratu Prabu Aims Rp 551 Billion Revenue in 2013, Up 25%

PT Ratu Prabu Energy Tbk (ARTI) is optimistic handful net income of Rp 551.85 billion at the end of 2013. Revenues, up 25% from the previous period amounting to Rp 449.48 billion.

Director of Ratu Prabu Energy, Gemilang Zaharin explained from the increase in net income of Rp 112.37 billion in 2013, the majority of revenue is contributed from the oil and gas business.

“This year, the oil and gas sector is projected to be the main revenue contributor ARTI is about Rp 478.58 billion, up 25% than in 2012. Meanwhile, income property sector is expected to contribute Rp 75.8 billion,” Bright said after the AGM at the Queen King Ratu Prabu Energy in Building I, Jalan TB Simatupang, South Jakarta, Wednesday (24/04/2013).

Coded ARTI will also go into the oil and gas services business in Myanmar and Brunei Darussalam. In property, ARTI ready to develop the concept of apartments, hotels and offices in around TB Simatupang, South Jakarta.

In 2012, ARTI earn net income of Rp 449.48 billion, up from the previous period which amounted to Rp 309.74 billion. While net income, a significant increase from Rp 11.76 billion in 2011 to Rp 51.85 billion last year.

Profit Bank Danamon Thin down 1% to Rp 1.99 Trillion

PT Bank Danamon Indonesia Tbk recorded a net loss of 1% of Rp 2 trillion in June 2012 to Rp 1.99 trillion in June 2013. The decline in earnings due to slowing auto loan company through its subsidiary Adira Finance.

Danamon recorded credit growth of 12%, to Rp 124 trillion in the first half of 2013 compared to Rp 110 trillion in the same period in the previous year. Non-automotive loans, including micro, small and medium enterprises as well as loans to commercial and corporate segments grew by 18%.

Meanwhile, auto loans through Adira Finance, which is 37% of the Bank’s total loans grew by 3% by the end of June 2013 compared to the same period last year.

This is in line with the automotive industry is still in the adjustment phase after the issuance of the rules down payment. While net interest income or net interest income grew by 6% to Rp 6.7 trillion in the first half of this year and non-interest income or fee income grew by 9% to Rp 2.4 trillion.

“Inflation is the main theme in the second quarter of 2013, primarily due to higher fuel oil by mid-June of 2013. Nevertheless, in the first half of this year, a conducive business environment to remain relatively intact. Therefore, we can record a positive performance in the first six months of this year, “said Danamon President Director Henry Ho in a press release on Friday (19/07/2013).

Danamon micro loans through Danamon Savings and Loans (DSP) recorded a growth of 10% to Rp19, 8 trillion in the first half of 2013 compared to the same period last year.

Meanwhile, loans to small and medium business segment (SMEs), rose by 25% to Rp 17.2 trillion. Credit to the commercial segment, grew by 25% in first-half 2013 compared to last year to Rp 11.2 trillion.

Credit for the corporate segment grew by 21% to Rp 13.1 trillion and trade finance business grew by 27% to Rp 8.4 trillion. Danamon Syariah loans grew 38% over last year to Rp 1.4 trillion.

In the first half of 2013, the auto loans through Adira Finance grew by 3% over the first half of 2012 to Rp 46 trillion.

“The automotive sector, especially the two-wheeler industry is still in the stage of adjustment for the impact of the rule down payment,” said Chief Executive Officer and Director of Danamon Vera Eve Lim.

Danamon’s loan growth in the first six months of 2013 coupled with asset quality is maintained. NPL (Non Performing Loans / NPLs) are at 2.4% at the end of the first half of 2013.

Indonesian Cement Net Profit Rises 22.9% First Half

JAKARTA – PT Semen Indonesia (Persero) Tbk recorded a growth of solid financial performance in the first half of 2013. Recorded a net profit of Rp 2.58 trillion or Rp 436 per share. The net income increased 22.9% from the same period in 2012.

In his press conference, Wednesday (31/7), Indonesian Cement said net profit growth is in line with the achievement of revenue of Rp 11.4 trillion. First half revenues increased 31.9% over the same period last year of Rp 8.6 trillion.

Total revenue was supported by the cement sales volume recorded 12.23 million tons, an increase of 18.3% over the same period last year amounted to 10.32 million tons. Consisted of domestic sales volume amounted to 12.14 million tonnes (up 18%) and export sales of 0.09 million tonnes (up 170%).

Meanwhile, the national cement sales volumes (industry) grew 7.5% to 27.83 million tonnes compared to the previous period of record 25.89 million tonnes.

Dwi Soetjipto, President Director of Semen Indonesia, said Indonesia’s cement sales growth outpacing industry growth supported the operation of plant Tonasa Tuban IV and V. Support was also obtained from the solid synergies, particularly in the areas of marketing and distribution in the Indonesian Cement Group.

“It makes us capable domestic market share increased to 43.6% from 40.9% last year. We will continue to expand the market from year to year, “said Dwi.

PLN: Net Profit Up 15 833 Percent

Company Limited reported a net profit of PLN in the first half of 2013 amounted to 15 833 percent compared to the same period of 2012.
Head of Commercial Division PLN Benny Marbun in Jakarta on Thursday, said the first half of 2013, net income reached Rp 4, 78 trillion, a significant increase of Rp 4, 75 trillion over the same period of 2012 which only 30 billion.
“The increase in net income was mainly due to tremendous rise in foreign exchange earnings which are noncash Rp 7, 6 trillion,” he said.
In the first half of 2012, the electricity SOEs suffered losses at Rp 6, 7 trillion, while the first half 2013 profit rate RP0, 9 trillion in order to obtain foreign exchange gain of Rp 7, 6 trillion.
Though, Benny continued, on the other hand an increase in interest expense and finance Rp2, 3 billion and increase the tax burden Rp1, 6 trillion.
According to him, the increase in foreign exchange gain of Rp 7, 6 trillion, mainly due to the appreciation of the rupiah against the yen by 10.4 percent even though at the same time the rupiah depreciated 2.7 percent against the U.S. dollar.
In the first half of 2012, the rupiah depreciated against both the yen and the U.S. dollar, respectively 2.4 percent and 4.5 percent.
“PLN pretty much liability in that decline yen yen positive impact on net income,” he said.
Benny also said that the first half of 2013 operating revenues rose 4.8 percent to Rp116, 7 billion when compared to the first half of 2012 amounted to Rp111, 4 trillion.
The increase in revenue, primarily from an increase in sales volume due to the addition of electric power customers and increase rates on a quarterly basis starting in January 2013 account.
Meanwhile, the operating expenses recorded Rp98, 3 trillion, up 3.6 percent compared to 2012 Rp94, 9 trillion.
“The increase in operating expenses among others, due to increased consumption of fuel and lubricants due to increased electricity sales and rising fuel prices,” he said.
Thus, he continued, first half 2013 operating income rose R1, 9 billion or 11.5 percent of Rp16, 5 trillion to Rp18, 4 trillion.
To EBITDA increased 10.1 percent to Rp30, 4 trillion from Rp27, 6 trillion.
The amount of non-current assets increased 2.6 percent to Rp484, 6 trillion on June 30, 2013 from Rp472, 1 trillion on December 31, 2012.
Current assets rose 0.9 percent to Rp69, 2 trillion on June 30, 2013 from Rp68, 6 trillion at December 31, 2012.
“The total number of the company’s assets at the end of Semester 1 in 2013 amounted to Rp553, 8 billion or increased by Rp13, 1 trillion from Rp540, 7 billion at December 31, 2012,” said Benny.

Build Plant Milk, Kalbe Rp 300 Billion Spending

PT Kalbe Farma, drug manufacturers and national health supplements, plans to build a dairy factory in the Cikampek, West Java. According to the Director of Finance and Corporate Secretary of Kalbe Farma, Vidjongtius, the plant cost around Rp 300 billion. “The project started in 2014,” he said at a media gathering.
Vidjongtius said the plant will be owned by the installation of a fourth milk production Kalbe Farma. With the construction of this plant, Kalbe increase milk production capacity of 12 thousand tons to 24 thousand tons per year.
Funds to build the plant will be met from capital expenditure Kalbe Farma in 2013, which reached Rp 1.5 trillion. According Vidjongtius, until the first half, the company has spent at least 40 percent of the annual capital expenditure. “The new plant is expected to support business growth in the future,” he said.
In 2012, Kalbe has completed the construction of dairy factory in Sukabumi, West Java. This plant is the result of cooperation with PT Milko Beverage Industry. Kalbe, which poured an investment of Rp 154 billion, became the majority owner with 51 percent parts.
Throughout 2013, Kalbe targeting revenue growth and net income by 18 percent. That figure is above the growth of the pharmaceutical industry which reached 15 percent. In 2012, Kalbe Farma pocketed a net profit of Rp 1.73 trillion and Rp 13.6 trillion in net sales. Thus, the company targets a net profit of Rp 2.04 trillion and Rp 16 trillion in net sales in 2013.

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