"Assuming the ICP turned, the increase was not significant subsidies"

Nanang Vitello

Sindonews.com -Executive Director Institute for Essential Services Reform (IESR), Fabby Tumiwa argues, if the crude oil price assumption of Indonesia (ICP) changed, would make an impact on the magnitude of subsidies on electricity. However, if the only ICP are changing and are not followed by other factors, then the change is not too significant subsidies.

Because, besides the assumption, there are several other factors that also affect electricity subsidies, among others the target production of electric power and the growth of sales of electricity.

"However, if production and sales growth targets for electricity was also changed, then the impact is significant," he said in Jakarta on Sunday (5/5/2013).

On the other hand, although electricity tariffs (TTL) rose an average of 4.3 percent per three months, still unable to cover the increased needs of electricity subsidies. The reason, according to Faby, increased electricity rates are still lower than the cost of fuel for electricity.

Previously Deputy Minister of MINERAL RESOURCES, Susilo Siswoutomo said that ICP changes done since seeing the realization it's been above assumptions and crude oil price trends and improving world economic growth.

The head of the unit of Work Implementing Specific business activities Upstream Oil and Gas (oil & gas SKK), Rudi Rubiandini estimates, assuming this year about ICP USD105 per barrel.

Assuming the change is accompanied by a change of oil lifting ICP 830 thousand and-850 thousand barrels per day (BPD), the oil and gas sector of the country's revenue this year is estimated at USD27,9-USD29,5 billion from the initial target of USD31 billion.

According to the Ministry of MINERAL RESOURCES, on average during the quarter I/ICP 2013 reached USD111,11 per barrel, ICP in March amounted to USD107,42 per barrel, February amounted to USD114,86 per barrel and January amounted to USD111,07 per barrel.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Changes in assumptions the Jack electric subsidies ICP

Nanang Vitello

Sindonews.com -plan changes in the crude oil price assumption of Indonesia (ICP) of USD100 to USD110 per barrel in the draft Budget of income and Expenditure of state changes (APBNP) 2013 will Jack up a quantity of electricity subsidies.

FUEL and Gas Division Head of PT PLN (Persero), Suryadi Mardjoeki, said that the changes will have an impact on increasing ICP costs the company's primary energy needs because the price of fuel (BBM) gas and crude oil prices following Indonesia.

"Gas prices are going up because the formula price of liquefied natural gas (LNG) is tied to the price of oil," he said in Jakarta on Sunday (5/5/2013).

He explained, the total cost for electricity supply this year targeted reach Rp212,07 trillion, of which 70 per cent is allocated for fuel costs for generating electricity. "This means that the fuel costs reached about Rp148,5 trillion," he said.

Further Suryadi said, FUEL consumption this year is targeted to reach 6.49 million tonnes (kl) and gas amounted to 392 British thermal unit tera (TBTU) or equivalent of 392 million MMBTU.

Assuming fuel prices of $ 8,500 per liter, then the cost of FUEL reached Rp55,25 trillion. As for the average price of gas reached USD8,9 per MMBTU, so the cost of gas reached USD3,5 billion or Rp33,1 trillion, with an exchange rate of Rp 9,500.

The phenomenon already he would convey to the Directorate General of Budget, Ministry of finance. "As for the amount of FUEL is not great even though they're expensive. But when gas prices go up constantly and the numbers are many, of course, will increase the subsidies, "he said.

Based on the data of the Ministry of energy and Mineral resources (DEMR), FUEL consumption in the primary energy mix PLN 9.7 percent of targeted, 22.12 percent gas, coal, hydro 56,66 percent 6.19 percent, 4.8 percent and geothermal bio diesel and new renewable energy 0,52 per cent.

Related to this, the Director General of oil and Gas and MINERAL RESOURCES said that currently the Government still sees the development of the situation in the crude oil price in the world such as Europe, America, and Asia. In addition, it will also be discussed in advance with the financial Kementeriaan.

"To be sure, while asking LAWMAKERS to RAPBN-P is over all," he said.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Housing prices are cheap if interest subsidies increased

Marieska Rider Virdhani

Sindonews.com -even though home prices in Singapore are still relatively expensive, fixed interest of consumers. However, the opportunities for the poor to have difficult home was reached.

Moreover, the policies governing the Depok perda land housing should not be under 120 feet per unit. "People need homes cheap, but hard to realize," said President Director of PT Elmayuda Pratama, Eddy Faisal, Saturday (4/5/2013).

According to him, the property developers could just provide cheap homes. However, it should be bold and give interest subsidy and suppress prices with the removal of wild charges (pungli).

IRIS reveals necessary interest subsidies. In addition, the need to involve a number of ministries in the policy as Minister of housing, Minister of finance, and Minister of cooperatives and SMEs.

It asked that the value added tax (VAT), income tax (PPH), and Bea acquisition of rights to the land and building (BPHTB) facilitated. In addition, the need for liberation of retribution. "The levy and Pungli should be removed, because the factors making expensive home prices," he said.

He explained, the City Government There should be an easier matter to take care of the licensing process. Whereas, property business is the driving factor in the economy.

"However, the property business remains promising. Looking ahead, housing vertical styles such as the apartments were flooded with customers, "he said.

On the other hand, the Government expects revenues of the largest area of Depok was obtained from business property, i.e. Rp138 billion. Head of Department of revenue Financial and assets management of City Government of Depok, Doddy Setiadi said, local tax targets by 2012 amounted to Rp305 billion.

Whereas, the realization of the PAD of Rp379,7 billion or up from the target of 124,39 percent. According to him, tax income derived BPHTB for developers to build housing in Depok.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Solar subsidies in empty Tags

Kuntadi

Sindonews.com -a number of Public Refueling Stations (GAS STATIONS) in Yogyakarta (DIY), experiencing the emptiness to the stock of subsidized diesel fuel. This is a lot of underlying a number of truckers. They were forced to buy solar non-value subsidies are much more expensive.

One of the truckers, Lucas claimed to have entered Rompumbe at three GAS STATIONS to fill diesel. But everything is empty and no one has stock. To meet this need he had to buy a non-solar subsidy.

"Everything was empty, here there are some non subsidies," he said when filling in the FILLING STATIONS Wates, DIY, Thursday (21/3/2013).

According to him, the price of non-subsidized sufficiently damning solar. One litre pegged at Rp 7,996, far from the price of diesel fuel subsidies that only Rp 4,500. He claims to be forced to buy despite only one liter. Lucas hopes in GAS STATION heading to Yogyakarta there that still has stock. "This important to Yogyakarta," he said.

The Chairman and the Manager in charge of the GAS STATION, Budi Prasetyo Kulonprogo Dalduri says, all this morning there were seven GAS STATIONS on its territory. Until the afternoon, there were only two that get the shipment of pertamina.

Moreover, he said, remain empty and there are no submissions that come in. "The Last seven of the vacant, recently sent two afternoon GAS STATIONS," he said.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

The Government urged restrictions on evaluation of FUEL subsidies

Izzudin

Sindonews.com -Chamber of Commerce and industry (Kadin) urged the Government of Indonesia to immediately evaluate the implementation of the policy barring the use of fuel (BBM) subsidized. Especially for land transport trucks that type is valid from March 1, 2013.

Regulation of the Minister of energy Mineral resources (DEMR Candy) No. 1/2013 confirms, with the amount of freight car wheels more than four for transport activities, plantation forestry activity results and mining should use the non solar subsidies. This regulation is valid from March 1, 2013.

Vice Chairman of Kadin Indonesia Logistics, Carmelita Hartoto says, the application of the policy restrictions on subsidized FUEL to truck four wheel up will trigger a slowdown of activities over land distribution and logistics costs rise by up to 20 percent.

Because, he said, fuel subsidies are non get, especially difficult in some areas. "The infrastructure of FILLING STATIONS providing non FUEL subsidies in some areas are hard to find. As a result, many truck operators buy retail priced non subsidies. This becomes additional costs, "he said in the affidavits to Sindonews, Friday (15/3/2013).

It asked the Government postpone the implementation of restrictions on subsidized FUEL to truck four wheel upwards. While for sea transport has so far been implemented. "There are two Choices, delayed or made restrictions for all types of trucks with the risk of increasing the cost of logistics," he said.

According to Carmelita, if the Government wants to limit subsidized FUEL for all types of trucks, then it should be coupled with the removal of the motor vehicle tax compensation, removal of bea behind the name of a motor vehicle, the removal of import duties import spare part, the decline in tarif TCH and CHC, and so on.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

KAI's ticket allocation subsidies suggest

For the lower middle Community Fund Aditiasari

Sindonews.com -as one of the efforts to ensure that Government subsidies are given more precise targets, PT Indonesia Railway (KAI) suggested that there is a special allocation for a train ticket for the community economy lower middle class.

Head of public relations, says KAI Mateta Rizalulhaq, as an instrument to screen out groups of people of middle class economic down poor card may be used as applied to the Governor of DKI Jakarta, Joko Widodo, as proof of identity.

"For the people of a down economy can be subsidized if you want to take the train. Suppose the price of thousands of Rp150, just pay Rp45 thousand. Well, its shortcomings we will charged to the Government automatically, "said Mateta at Dharmawangsa Jakarta, Wednesday (13/3/2013) night.

In addition, further diverting subsidies form Mateta, that could be redirected is by providing subsidies in the form of goods transport vehicles motorcycles often quickly become unmanageable admits the feast of Idul Fitri holiday each year.

"As long as this motor freight cars offer a price absolutely no considered commercial by users because it is still considered expensive motors. So, from the public service obligation (PSO) amounted to Rp704 billion on railways this year, we just ask for Rp286 billion. And the rest we hope can be redirected to motor transport subsidies and so forth, "said Mateta.

He insists, it is not simply increase the volume of KAI, but transport hit a number of accidents that often occur when mudik Lebaran.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Jero was reluctant to raise the price of fuel subsidies

Michael Augustine

Sindonews.com -Minister of energy and Mineral resources (DEMR), Jero Wacik said, the Government is still not willing to raise the price of fuel (BBM) subsidies.

According to him, the current Government is only doing business to keep saving FUEL subsidies quota does not pass through the quota. "Now this Government has not intention of raising fuel prices. But the intention of saving, "Jero said after the launch of comic energy efficient Electricity Museum, Jakarta, Thursday (14/3/2013).

As is known, in 2013, the FUEL subsidy quota set for 46 million tonnes (TOS). Predicted many parties, the quota would be broken up to 50 million KL when the price of fuel subsidies which are currently Rp 4,500 per liter is not offered up.

Jero, the plan reveals increase in fuel price subsidies will inevitably trigger political noise. Last year, the Government had planned to raise the price of fuel subsidies, but not condoned the House of representatives (DPR).

"Last year we plan to right price, right naikin baseball agreed his HOUSE. Now all say so. If you want to kick up again later offered up, "he said.

Therefore, the Democratic Party from the Minister chose to focus on the energy saving action. "Once again, Let's save energy. That's it, "demolished him.

Earlier, the HOUSE approved the increase still objected to state price of fuel subsidies on FUEL imports this year despite the very pressing trade balance. The reason is, this year's base rate for electricity (TDL) has offered up, inflation is already high at the beginning of the year will be higher if the price of fuel subsidies are also rising.

"If you think we are, at this time not right to raise the price of fuel subsidies in 2013 because we promise raised prices TDL first. Price increases (FUEL subsidy), we do not agree to this year, "said a member of the HOUSE of REPRESENTATIVES Commission VII, Bobby Rizaldi, yesterday.

Apart from increasing inflation rate, connect members of Parliament from Golkar Party Faction, the rise in the price of fuel subsidies is feared will cause social unrest that could disrupt political stability.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Liquefied petroleum gas prices went up, 12 kg LPG 3 kg subsidies could swell

Izzudin

Sindonews.com -PT Pertamina (Persero) should be communicating LPG price hike plan size 12 kilograms (kg) to the HOUSE of REPRESENTATIVES. Because of its impact on the rising imposes the use of subsidized gas LPG 3 kg.

"The need for a mechanism to HOUSE it as it pertains to the existence of subsidised LPG. Although that will be raised liquefied petroleum gas size 12 kg, but there will be a massive migration to LPG 3 kg pembekakan resulting in subsidies. So, 12 kg LPG increases could not be separated from policy elpii 3 kg, so the need to meet with the HOUSE of REPRESENTATIVES, "explained a member of HOUSE of REPRESENTATIVES Commission VII, Satya W Yudha when you call Sindonews, Saturday (2/3/2013).

So far, about him, only communicating with REPRESENTATIVES of Pertamina reserved losses experienced by the company. Satya judging, that raise the price of liquefied petroleum gas 12 kg instead of the domain, but rather the Government. pertamina

He asserted, Pertamina must know there is a commodity that is equal to the volume are different. Where subsidised LPG gas LPG 3 kg and 12 kg are not subsidized.

"So if Pertamina said it that way, Yes. Don't be like that, because it concerns the same commodity with voume smaller government subsidised, so this should increase the knowledge of the Ministry of MINERAL RESOURCES. And MINERAL RESOURCES will communicate with the HOUSE of REPRESENTATIVES to keep no swelling of subsidies to LPG 3 kg. If related to the collapsed and subsidies, they must be communicated to the HOUSE of REPRESENTATIVES, "said Satya.

As reported previously, Pertamina plans to raise the price of liquefied petroleum gas gas 12 kg to be carried out in accordance with the company's plans in March this year. Target assignment brief that because the company has impressed need not wait for PARLIAMENT's approval in advance.

"No need, this is not a freight subsidy. So no need to through the House approval, "bright VP Corporate Comunication PT Pertamina (Persero), Ali Mundakir in the Office of oil and gas, SKK Jakarta, some time ago.

According to Ali, with the status of 12 kg LPG which is not as goods, then the determination of the subsidy it costs only need to consider the economic calculations and the ability of purchasing power. While communication to the Government, and the HOUSE itself is only a notification.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

"If the price of fuel subsidies to rise, inflation inevitably partial 5%"

Sindonews in Jakarta, Monday (3/3/2013).

Ahmad added, there are two things to note specifically by the Government that inflation is not getting soared, namely price stability foodstuffs and petroleum prices.

"There are two things that should be noted. First, make sure food prices under control. Second, make sure the oil price mitigation, "he said.

As is known, inflation in January 2013 reached 1.03% and 0.75% in February. This means that Indonesia's economy has experienced inflation amounted to 1.78% in just two months. In fact, the Government is targeting inflation of only 4.9%, 2013. In 2012 then, inflation of only 4.3%.

Meanwhile, the head of the Central Bureau of statistics (BPS) said Suryamin, Indonesia trade balance in January 2013 and a deficit of USD171 million. The deficits contributed to by crude oil USD554,7 million deficit and oil USD2,182 billion.

"However, the gas is already experiencing a surplus of USD1,31 billion and non-oil and gas well USD1,2 billion surplus," said Suryamin recently.

(gpr)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics