Refishowcase Business & Finance

Starting today, Matahari Department Store outlets are no longer identical with the Lippo Group. Last weekend, through PT Matahari Putra Prima Tbk (MPPA), Lippo hand over 2.65 billion shares, equivalent to 90.76 per cent stake in PT Matahari Department Store Tbk (LPPF) to Meadow Asia Co. Ltd..

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

: 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.

One of the huge effort in Microsoft’s software technology to achieve interoperability with other vendors is to promote the portability of data through three steps.

Brad Smith, Senior Vice President and General Counsel Microsoft Corp., describes the three steps to create an open format, allowing export and import data and technology architecture support.

“Interoperability is very important for computing devices, software and services used by consumers and growing are manifold. Industrial [IT] to be very heterogeneous,” he said, speaking in the Regional Innovation Forum 2008 this morning.

In terms of data formats, go Brad, Microsoft has opened the technical documents related to the data format used by the software company. Documents protected trade secret laws and that closed earlier today anyone can learn, including developers, allowing sourcce open exchange of data.

The next step is to realize interoperability allows the import and export files in formats different. “Our products can read data from other products, and vice versa. Then our product can save files in formats other products, and senaliknya,” said Brad.

Interoperability is achieved by designing the architecture that supports various formats of other products, one of them via a plug-in technology, Microsoft. Plug-ins in general is a component of accessory to the software that can perform certain functions, in this case the data exchange.

Busines Software Alliance (BSA) re-organized the Regional Innovation Forum 2008 with a focus on the theme of competitiveness and public policy in the IT sector, as well as reduction Cybercrime. Seminar and panel discussion was attended by over 100 delegates representing the software industry, government agencies, law enforcement agencies, universities and IP practitioners from several countries in Asia.

The Indonesian delegation of eight people from the Ministry of Communications and Information Technology, Ministry of Industry, Ministry of Research and Technology including Penkajian Agency and Application of Technology (BPPT).

“This forum is a place to share and exchange ideas with delegates gather background different so as to bring diversity of perspective,” said Robert Holleyman, President & CEO of Business Software Alliance (BSA) in the opening speech this morning.

The first theme will discuss the factors necessary to foster competitiveness and create the information technology sector. The second theme discusses how public policy role in promoting the availability of technology options can push this industry, especially software. The third theme to talk about prevention Cybercrime and faktir factors to create the information technology industry is sustainable.

“It’s time for Asian countries to speak. The position of Asia become increasingly important as the engine driving the growth in the technology sector and the economy,” said Geoffrey Yu, Deputy Chairman, IP (Intellectual Property) Singapore Academy.

Speakers in the Regional Innovation Forum 2008, among others, comes from Microsoft, Washington University School of Law, the Economist Intelligence Unit, BSA and government agencies Malaysia, Taiwan, Singapore and the Philippines. BSA is an anti-piracy organization whose members are world-enterprise software company, founded in 1998 with offices in 80 countries.

PT Factory Paper Tjiwi Kimia Tbk (TKIM) argue if it has tax arrears. Previously, the Directorate General of Taxation expressed some large companies that still have the tax arrears in the House Commission XI meeting.

This was revealed by the Director-Corporate Secretary TKIM Agustian R Partawidjaja in information disclosure at the Indonesia Stock Exchange (IDX), Jakarta, Monday (1/2/2010).

“According to the results of review of tax documents from the company and kondirmasi the tax office (KPP) where the corporation is registered, the company has no tax arrears,” he said.

For your information, the Directorate General of Taxation will be updating the list of 100 names Delinquent taxes have been provided the data to the House Commission XI on Thursday, February 4 next.

This is done because it was a lot of taxpayer (WP) are included in the list had to meet his tax obligations, before the data as of January 1, 2010.

In addition, the system of information technology (IT) in the Directorate General of Taxes is not directly connected with the bank where the payment of taxes so that the data Delinquent taxes can not directly update.

PT Metrodata Electronics Tbk (MTDL) announced a change in organizational structure that occurred in a subsidiary of PT Mitra Integration of Information (MII) and Soltius Asia Pte Ltd, Singapore (Soltius).

As quoted from a written statement to the Legal, in Jakarta, Monday (1/2/2010), Eko Heryanto, will lead the MII as the President Director replacing Sjafril Effendi.

As President of the new MII, Eko Heryanto have the responsibility to manage the MII, assisted by Susanto Djaja, as Director of Finance. Hendra Kusumawidjaja as Director of Presales & Delivery, MA as Director of Telco Lumaksi & Business Solution, Danny Suryadharma as Director of Enterprise Business Unit & Financial Services Industry Solutions and Corporate & Commercial Business Unit & Product.

Solution will still be handled by Eko Heryanto. Sjafril Effendi will occupy a new position as Regional Managing Director who will oversee Soltius PT Soltius Indonesia, Thailand Limited and Soltius Australia Pty Ltd Soltius. In addition, fixed Sjafril Effendi MTDL served as Director, President Commissioner of PT Soltius Indonesia, Thailand Soltius Limited Director and Director of Australia Pty Ltd. Soltius.

Through a better synergy again, the company hopes these changes can increase the MII and Soltius values and bring a new perspective in order to encourage long-term growth company in the Indonesian information technology market.

MII is a company focusing on the areas of consulting, systems integration, and information technology outsourcing services. While Soltius is a regional company specializing in SAP Consulting is already established operations in the Asia Pacific region namely Indonesia, Thailand, and Australia.

Trade IHSG second session, the stock price with code moved the issuer MTDL stagnant at the level of Rp83 per share.