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Thursday, December 7, 2017

State-owned Infrastructure companies suffered "severe bleeding"

By on 8:01 PM

State-owned Infrastructure companies suffered "severe bleeding"
Image credit: finance-detik
State-owned Infrastructure companies seem to have suffered "severe bleeding"

Jakarta – Government in era of President Joko Widodo (Jokowi) – Yusuf Kalla (JK from the beginning has encouraged such infrastructure projects as electricity port construction and road construction projects. Even in Government Ordinance No.58 of 2017, the government has established 245 strategic national projects (PSN).

Of the 245 projects, 151 constitute infrastructure projects, many of which are to be carried out by state-owned karya companies.

Such projects have become homework and burden to state-owned karya companies. However, on the other hands, the projects have brought distinctive fortune due to a lot of projects being worked on by them.

State-owned Karya Companies’ Financial Reports

In the financial reports of such state-owned Karya companies, which floor the capital market, as Pembangunan Perumahan Tbk (PTPP) obtaining net profit of 989.9 billion IDR – 74.7% higher than 566 billion IDR. Its operating profit has also risen to 13.76 trillion IDR or 27.4% increase of 10.8 trillion IDR.

While PT Wijaya Karya Tbk (WIKA)’s net profit rose to 682.64 billion IDR or 46.66% increase of 465.46 billion. The net sales also rose to 15.88 trillion IDR or 69.99% increase of 9.34 trillion IDR.

PT Waskita Karya Tbk (WSKT) succeeded in obtaining net profit of 2.57 trillion IDR or 137.9% increase of 1.08 trillion IDR. Its operating income rose to 28.5 trillion IDR, or 50% increase of 14 trillion IDR. While PT Adhi Karya Tbk (ADHI) obtained net profit of 205.07 billion IDR or 78% increase of 115.18 billion IDR and its operating income also rose to 8.7 trillion IDR or 53% increase of 5.69 trillion IDR.

Cash Flow’s beginning to suffer Cash Drag

However, the companies’ profit increase mentioned above is not followed by healthy cash flow. For example, PTPP’s net cash flow is still minus 1.52 trillion IDR. This is due to cash disbursement of 11.8 trillion IDR to its suppliers and subcontractors exceeded the cash receipt of 11.7 trillion IDR.
Debt to equity ratio/DER of PTPP is currently 1.8 times or 22.8 trillion IDR of total debt over the equity of 12.49 trillion IDR.
Meanwhile, ADHI’s cash flow for its operating activity is minus 3 trillion IDR. The cash receipt is 6.87 trillion IDR while the cash disbursement is worth 9.9 trillion IDR.

Debt to equity ratio of PT ADHI is quite high, that is 3.4 times (Total liabilities of 18.8 trillion IDR over its total equity of 5.55 trillion IDR.)

WIKA’s net cash flow to finance its operating activity is also still minus 2.69 trillion IDR. Its cash receipt from its customers is only 9.8 trillion IDR while its cash disbursement to its suppliers is 11.5 trillion IDR.

Debt to Equity Ratio of WIKA is currently 2 x (Total liabilities of 26.87 trillion IDR over total equity of 13.17 trillion IDR)

The same goes for WSKT, whose net cash flow to finance its operating activities is still minus 5 trillion IDR. Its cash receipt from its customers is 14.24 trillion IDR, while its cash disbursement to its suppliers is 16.55 trillion IDR.
WSKT’s DER is currently 2.9 times (its total liabilities of 65.7 trillion IDR over its total equity of 21.9 trillion IDR.



Monday, November 27, 2017

Condong Island (Pulau Condong)

By on 6:19 PM

Pulau Condong
image: http://www.indonews.co.id/tempat-wisata-di-lampung/

Condong Island (Pulau Condong)

Lampung is geographically located on the northern tip of Sumatera, so you will definitely find a lot of beautiful sandy beaches and some unique small islands challenging you to explore them. One of the small islands is called Condong Island located about 5 km from Pasir Putih beach, South Lampung.

Peta pulau condong

How to get there:

Condong Island is reachable by boats. It takes you about 25 minutes from Pasir Putih beach. The beauty and serenity of the island is so fascinating that it deserves to be included in list of tourism destinations in Lampung Province.

If you start your trip from Bandar Lampung – the capital city of Lampung province – you can go by minibus to Panjang and continue with another minibus. The best way is to rent a car, so you can get straight to Pasir Putih beach resort. From  Pasir Putih beach resort and you will find boats for rent. Discuss with boat owners if you want to be picked up to return. Normally visitors rent the boats for return trips. Most boats can accommodate about 10 people. If possible, haggle over the boat rent (it usually costs from Rp.150,000 up to Rp.250,000.—for one way. It may cost more depending on the season.)

On your trip from Pasir Putih beach resort to Condong island, you will be having a spectacular view of the sea. As far as you can see, only beauty of the ocean can you enjoy. So, on your way to get to Condong island, you won’t feel bored just looking around.

Condong Island is one of the most dependable small islands, which is close to Pasir Putih beach. Its clear greenish blue water with small colorful fish swimming around freely and calm sea waves as well as not too deep sea bottom suitable for snorkeling.

What you can see and do on Condong Island

After you reach on Condong island, there are a variety of activities you can do –swimming, snorkeling, diving, and participating in out-bond and rock climbing while enjoying the view of hunting wild small monkeys on the island.

Indeed, Condong island offers you a very beautiful view of the nature with a row of Merbau trees, Waru and Ketapang – spectacular beach vegetation forest not outwitted by underwater view of Condong island. You shouldn’t miss out on this.

Condong island is also a romantic place for couples to enjoy sunset from western side of the island. All mentioned above makes Condong island a favorite tourism destination for visitors within and outside the city as well as foreign visitors. Ask your family to spend a get-away-from-it-all holiday here.

Administratively, Condong island belongs to Tarahan Village, South Lampung. There are no permanent inhabitants on the island, and this tourism resort is still managed by the local people. Boat renting to Condong island is also fishermen’s side jobs.


Visit Clara Beach Now

Sunday, November 26, 2017

Granite Stones of Tanjung Bintang

By on 6:50 PM

Granite Stones of Tanjung Bintang
Image: http://www.lihat.co.id/wisata/taman-batu-granit-tanjung-bintang.html

Granite Stones of Tanjung Bintang

Tanjung Bintang, South Lampung, is a district where tourists can pay a visit to overlays of well-arranged and naturally formed granite, which has become one of tourism destinations.
This site was once popular among local visitors in 2007 until 2008. It became the most popular, where visitors flooded granite resort, located in an easily accessed area near Rubber Plantations.
Irresponsible visitors doodled on some of the stones because the caretaker passed away. The stewardship was returned to the management of the rubber plantation and until now no one has been appointed in charge of the stone protection.

Those who have adventurous spirit may find it special when visiting the granite location. The huge granite that stretches wide looks as if it challenges them to come on top; in fact from the top of the stones you can have a spectacular view of the surroundings – the green of huge rubber trees and the beauty of the nature – and feel  the cool air while sitting on the stone.

It is recommended that visitors to the granite stone location go to the site in the morning as the location is in the center of the plantation where few people live there and the access in the plantation is not good. So, if anything cropped up, it would be easy to get help from nearby people.
Before you visit the area, make sure you bring enough to eat and drink as there are no people selling food or drink in the area.

Granite Location

It is located in the middle of vast Rubber Plantations of PTPN VII Afdeling Bergen, Purwodadi Dalam, Tanjung Bintang district, South Lampung. It is 30 km from Bandar Lampung City.

How to get there:

Take Jl. Pangeran Antasari – Jl. Tirtayasa – Jl. Sutami – Pasar Pal Putih of Tanjung Bintang. Then turn right into the village of Purwodadi Dalam.

Road Condition:

It is aggregate-covered road within the rubber plantation, so be on the alert while driving through the rubber plantation. However, the beauty of the nature and fresh cool air do make up for the bad road condition.



Friday, November 24, 2017

Slanik Water Park South Lampung

By on 11:36 PM

Slanik Water Park
Image credit: www.slanikwaterpark.co.id

Slanik Water Park South Lampung

The Biggest Holiday Resort in South Lampung

Slanik Water Park – one of Water Park Resorts in Lampung – is located in Karang Anyar District, South Lampung, Lampung Province, Indonesia. On area of about 10,000 meter squares, a variety of riding grounds are provided such as Octopus Kids Fun, Dragon River, Fast2Furious, Crazy Slide, Olimpic Pool, Krakatau Wave, Banji Trampoline, and Kids Trampoline.
Slanik Water Park is a perfect holiday resort for families with children although provided riding  grounds are also possible for adult. The followings are descriptions of what the play grounds and facilities are all about.

Octopus Kids Fun is designed for children where the water is shallow (50 cm - 100 cm in depth) equipped with water bucket turning over when overflowed, slides, fountain, and waterfall. Octopus Kids Fun offered in a holiday resort is children's favorite as it is safe and enjoyable to play in.

Dragon River
It gives a sense of natural surroundings. The river is about 160 meters long. You are recommended to use lifebuoy made from inner tubes that are provided. The river flows through dragon cave lit with different types of colorful lights. So, it’s a lot of fun to participate in the Dragon River. It’s safe for children and their parents.

It’s the most exciting slide with the length of 76 meters and the height of 18 meters. The slide is in an open spiral form. This sliding ride is only intended for 120 cm tall kids aged 10 above. Use of provided inner tube lifebuoys should be used. It is said to be the most exciting play to pump players' adrenaline.

Crazy Slide
Three sliding board at 50 degree slope really challenges adrenaline. This type of ride is intended for kids above 10 years of age with 120 cm body height. To climb it, visitors are not allowed to wear jeans. Those very interested in a challenge, the ride is appropriate and worth trying.

Olympic Pool
Designed for swimming or swimming practice, Olympic Pool is similar to any other swimming pools. With the depth of between 1 to 2 meters, Olympic pool in this holiday resort is suitable for those who want to go swimming.

Facilities provided by Slanik Water Park
Such facilities as Café and Restaurant, souvenir shops, gazebos for rent, changing rooms, lockers, and lifebuoy for rent are provided.

How to get there:
From Wayhalim area, follow Jalan Kimaja, cross a flyover to Jl. Ratudi Balau. Keep the road straight past Waykandis Market till you reach T junction. Turn left and carry on until Karang Anyar District.

Opening Hours:
Monday – Friday : 10:00 – 17:00 West Indonesian Time Zone
Saturday – Sunda: 09:00 – 17:300 West Indonesian Time Zone

Entrance Tickets:
Monday – Friday: Rp35,000.—for adults; Rp25,000 for children.
Saturday – Sunday: Rp45,000.—for adults; Rp25,000.—for children
Children under 3 years of age are free to enter.

Jl. Raya Karang Anyar, Karang Turi, Jati Agung, Karang Anyar, Lampung Selatan, Kabupaten Lampung Selatan, Lampung 35365

For more information about Slanik Water Park Holiday Resort, visit www.slanikwaterpark.co.id/

Lampung Walk -- Culinary and Sports Center in Bandar Lampung City

By on 2:08 AM

Image: https://i.ytimg.com/vi/7oO2qVV_ppA/maxresdefault.jpg

Lampung Walk -- Culinary and Sports Center in Bandar Lampung City

This is one of many culinary centers + sports facility. Easily accessable in the heart of Bandar Lampung City, on Jl. Urip Sumoharjo 61, Wayhalim Permai, very close to Urip Sumoharjo Hospital, many local residents who don't have much time to enjoy a holiday far from the city will choose Lampung Walk to enjoy their holiday in. It is a perfect resort for families without much effort to find holiday spots.

What is special about Lampung Walk is that in addition to a food court, it is also a center of such sports as badminton, swimming pool, futsal, and Water Park. With 2,500 meter square, all such activities can be packed in one place.

Lampung Walk opens from 08:00 – 21:30 West Indonesian Time Zone (for Monday – Friday), while for weekend (Saturday – Sunday), it opens from 08:00 – 00:00 West Indonesian Time Zone.
What are mostly wanted from holiday resorts are swimming pool and water parks as those who go there are families with their children.

Lampung Walk’ presence in the City of Bandar Lampung adds up to the number of Water Parks in Lampung. Now there are already 6 (six) holiday resorts with Water Parks (Bumi Kedaton, Lembah Hijau, etc.). Residents of Bandar Lampung can make their own choices. If the children’s fathers want to participate in sports (Swimming, playing badminton, playing tennis or futsal ) while the children play in the water, Lampung Walk is the best choice.

Not only sports and Water Park facilities does Lampung Walk provide, culinary stands and shops are also there to quench your thirst and satisfy your hunger after an activity.

Entrance Fee:
To enter Lampung Walk, you have to pay 30,000 IDR / day (Monday – Friday), and 40,000 IDR / day (Saturday – Sunday).
Futsal, Tennis, and Badminton Courts are to be rented for special occasions.