The Car Insurance :Kemenkeu: 2013 growth target of 6.3 percent

Fiscal Policy Board Chief, Bambang Brodjonegoro (Between)

We drop 6.3 percent as an optimistic, "

Jakarta (The Car Insurance)-acting head of Fiscal Policy Agency Ministry of finance Bambang Brodjonegoro says growth target will undergo revision in the BUDGET changes before 2013, from 6.8 percent in the NATIONAL BUDGET, to 6.3 percent.

"We put the 6.3 percent as an optimistic," he said in Jakarta on Wednesday.

Bambang said the projection had been considering the condition of the global economy has not improved and investment sector was experiencing a slowdown due to the decrease in imports of capital goods, in quarter I, 2013.

Despite the revision, he expects the national economy conditions can be better than a quarter I 2013 which only recorded 6,02 percent, mainly from investment sector that still has the potential to grow.

"During the FDI (foreign direct investment) is still coming in, it means investment can still be driven anymore, because we need some growth investments of at least eight percent," he said.

In addition, assuming the macro will change the price of ICP (crude oil prices Indonesia) changed below 112 u.s. dollars per barrel and the lifting of oil decreased from 900,000 per day be 840.000 per day.

"For the ICP, we see if the 100 u.s. dollar still valid not as an average of 2013. While the ' lifting ' is (currently) 840.000, we realistically, "he said.

Bambang added the rupiah exchange rate assumptions are expected to rise from Rp 9.300 per u.s. dollar in STATE BUDGET, the range of Rp 9,600 – Rp 9700 per u.s. dollar in STATE BUDGET changes.

"We see to this day (assuming the exchange rate) to Rp 9,600, almost Rp 9700, later ranged it," he said.

He said the tax revenue target will also undergo revision downwards because of the influence of the global economic slowdown, although the target is still higher than the tax revenue in 2012.
(SYS/B/A035)

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House visits rose 10.13 percent

Jakarta (The Car Insurance Info)-the Central Bureau of Statistics noted, the number of visits (House) foreign tourists to Indonesia in March 2013 of 10.13 percent increase when compared to the same month in 2012.

"The number of house visits in March 2013 reached 725,3 thousand visits in March 2012, while only 658,6 thousand visits," said Chairman of the BPS Suryamin in a press conference at the BPS Office, Jakarta, Wednesday.

According to Suryamin, if compared to March 2013, House March 2013 the number of visits rose by 6,91%.

To house the number of visits to Bali through Ngurah Rai in March 2013 rising 10.80 percent when compared to March 2012 from 223 thousand visits to 275 thousand visits.

"Compared to March 2013, the number of house visits to Bali through Ngurah Rai also went up by 4,24 percent," said Suryamin.

When compared to March 2013, the number of house visits March 2013 of 6,91% increase, which occurs in most of the entrance with the highest percentage increase occurred at the entrance of the city of 49,69 percent, followed by Husein Sastranegara airport Bandung 39,94 percent.

Cumulatively January March 2013, the number of house visits reached 2.02 million visits or by 6 percent when compared to the same period of the previous year which amounted to 1.90 million visits.

Increase in the number of visits recorded highest House through the entrance of the international airport in Lombok, Mataram of 46,97 percent, followed by Adi Sucipto airport, Yogyakarta 40,22 percent, and the airport Minangkabau, Padang 29,20 percent.

Meanwhile, the number of visits House entrance through eight experienced a decline, with the highest loss occurred at the Adi Sumarmo airport in Surakarta, Airport of 32,27 percent, and the lowest decline at Polonia airport, Medan 1.41 percent.(V003/B008)

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FUEL up inflation 2013 more 5.5 percent

Mahendra Siregar (INTERMEDIATE PICTURES)

I believe inflation is unlikely to be sustained, 2013 at 4.9 percent. Least equal to 5.5 per cent, or even could be even higher, "

Jakarta (The Car Insurance Info) rising prices of subsidized FUEL to be realized in the near future are valued increasingly fueled high rates of inflation, so that the inflation target by 2013 are defined in the STATE BUDGET amounted to 4.9 percent certainly exceeded.

"I believe inflation is unlikely to be sustained, 2013 at 4.9 percent. Least equal to 5.5 per cent, or even could be even higher, "said Deputy Finance Minister Mahendra Siregar, after following the Deliberation of national development planning (Musrenbangnas) in 2013, Bidakara, Jakarta, on Tuesday.

According to Mahendra, subsidized FUEL price increase will be one of the triggers inflation, in addition to its direct impact can also be mengerek food commodity prices.

"The contribution of food commodities still big against inflation that would proclaimed April 2013 BPS on this week," said Mahendra.

BPS recorded, inflation until March 2013 already amounting to 2.43 percent, the major cause of high inflation in three months this is the prices of food products.

In addition, diutarakannya Commerce holtikulutura which has not been much improvement was also a factor triggering inflation.

However Mahendra expects, the increase in the subsidized fuel prices did not last long because there is the certainty of its realization.

Fuel price hike will have a direct impact on inflation from June (if the increase was realized in may, red).

"But at least there has been the certainty of fuel price hike. Because if not, the rate of inflation will be added the uncertainty itself. Inflation plus the uncertainty, "said Mahendra.

Known to the Government in the policy of FUEL subsidy reduction policy persisted on option one price under $ 6,500 per liter.

As for the rise in fuel price subsidies will be done after the STATE BUDGET assignments Change with Parliament, that 2013 is expected to finish in May.

Related to that, the Government is already preparing other forms of compensation that will be submitted to the Parliament, namely the direct assistance while Community (BLSM) in the form of cash, transfer rice to poor, scholarships are awarded in cash, and family expectations program (PKH).

The Government also provides assistance to communities that were issued by the Ministry and local governments, as well as help the market cheaply by STATE-OWNED ENTERPRISES and the private sector.
(R017/B012)

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Kemenkeu expect the deficit below the three percent

Deputy Finance Minister Mahendra Siregar (INTERMEDIATE PICTURES)

Do not let more than 1.5 percent, if more than that so too thin with a limit of three percent, and pose a risk of its own, "

Jakarta (The Car Insurance Info)-Vice Finance Minister Mahendra Siregar expects budget deficit maintained under three percent of GDP to the fiscal risks of excess energy subsidies and spending on social assistance is not too high.

"Do not let more than 1.5 percent, if more than that so too thin with a limit of three percent, and pose a risk of its own," he said moments after the Musrenbangnas event are found in Jakarta on Tuesday.

Mahendra said the Government soon filed a REVISED due to changes in assumptions macro that does not match the current conditions as well as possible additional compensation due to the subsidized FUEL price hike plans.

For that, he expects the STATE BUDGET can anticipate changes related to FUEL policy and macroeconomic indicators distinction, without endangering the budget deficit as well as pose a risk.

"We've been anticipating the existence of this policy, but the longer we obtain that decision may give rise to risks and uncertainties," he said.

Mahendra added the issue of excess consumption of FUEL has caused negative impact on fiscal health so that an effort to keep budget deficit according to the LAW to be able to maintain economic stability.

"Uncertainty can give impact and confidence to keep fiscal, so we should be able to maintain economic stability," he said.

Government in the STATE BUDGET deficit is a budget of the 2013 set 1.65 percent of GDP or amounting to Rp153,3 trillion, but if there is an excess of energy subsidy spending, the deficit is expected to reach 2.4 percent of GDP.

In the submission of BUDGET changes in 2013, increasing budget deficit is expected to widen because the Government must compensate social assistance to poor communities affected by the increase in subsidized fuel prices.

The new Government would raise subsidized fuel prices, when the poor get adequate social assistance in the form of direct assistance while community, so that poverty levels not further widened.

(S034/S025)

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Sale of Indofood first quarter grew 5.4 percent

Jakarta (The Car Insurance Info)- Affluent Tbk PT Indofood Success achieved consolidated net sales of the first quarter of this year was Rp12,86 trillion, up 8.7 percent from the same period last year, which amounted to Rp11,83 trillion.

"In terms of contribution to the consolidated Group sales neto, Branded consumer products (CBP) contributes about 45 percent, while Production, agribusiness and the distribution of each contributing $ 26 percent, 21 percent and 8 percent," said President and CHIEF EXECUTIVE OFFICER of Indofood Anthoni Salim in the affidavits here on Tuesday.

According to him, the total sales value of the CBP Group mainly consists of instant noodle Division, Dairy, snacks, Food Flavoring and nutrients to grow special food & 10.9 percent driven mainly by sales volume growth in all divisions in the group.

The Group noted the increase in the total value of Production sales by 13.3 per cent mainly due to the increase in average selling prices and sales volume.

Although the sales volume of CPO and sugar increases, the Group noted the decrease in the total value of Agribusiness sales by 3.1 percent due to a decline in the average selling price of oil palm and rubber products as well as a decline in sales of oil products and vegetable fats.

Distribution group recorded growth in the total value of sales by 10.4 percent mainly because of an increase in Group sales of CBP.

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