Jamsostek immediately run business Syariah

JAKARTA. Jamsostek plan went into business soon realized sharia. Through a new subsidiary, Jamsostek will start business in the second half of this year. Islamic finance is going to target the real sector.

The new subsidiary is the Indonesia Investment Company (IIC). Jamsostek is a business venture with the Islamic Corporation for the Development of the Private Sector (IDC). IDC is a subsidiary of the Islamic Development Bank (IDB) is based on sharia.

Evlyn G. Masassya, Director of Jamsostek Investment explained that his party will pay the capital of Rp 1 trillion in the child's efforts. This makes Jamsostek as the majority shareholder, which amounted to 55%. While IDC pocket 45% stake.

Jamsostek is planning IIC as an investment company since 2009. Initially, the company will be called Jamsostek Investment Company (JIC), but later changed its name. In addition, Jamsostek has also been targeting the company's operations in 2011. "We have to get permission from the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK)," said Evlyn, after meeting with the House on Thursday (16/2).

Jamsostek is now living management business establishment is finalized. In fact, Jamsostek has been carrying out the recruitment of several strategic human resources to run the new subsidiary. "The first half is doing the preparation, recruitment and maturation of human resources of the company," said Evlyn.

When the stage went smoothly, the company will operate by targeting real sector, especially infrastructure and power plant. Management chose this business because of the huge market potential. As a developing country, Indonesia needs a lot of infrastructure development and power generation.

Just a reminder, the JIC is Jamsostek plan Incorporated. Later, Jamsostek Incorporated subsidiary in charge of 6.

For Jamsostek, it seems as direct investment easier. The company has an investment fund of up to Rp 44.6 trillion in 2012. Of that amount, the portion of investment in a portfolio of direct investments
Rp 1.5 trillion or 1.2%.

Unclaimed funds inconclusive

Two years to restore Jamsostek "no-man's money", but not completely successful. Rp 4.4 trillion of funds, new $ 500 billion that has been channeled.

Hotbonar Sinaga, Director of Jamsostek, admitted the difficulty to restore the funds. Moreover, many companies are former participants Jamsostek work already closed. "The address of last owner hard to find," said Hotbonar yesterday.

Management has also been open long-distance service over the phone 121. However, only a few participants who withdraw funds Jamsostek.

A reminder, unclaimed funds is money that Jamsostek participants who had settled about 33 years, but forgot to thawed.

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Without RDI, investors can still deal

JAKARTA. The implementation of retail customer accounts segregated securities firms began February 1, 2012 appeared to still be tricked. Many retail investors are still able to transact the sale of shares, although not yet have your own account alias account of customer funds or investors (RDN / RDI).

Yunita Lindasari, Head of Transaction Securities Institute of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) said it encountered offense in the application of RDI. "Some customers without RDN remains transact the sale of shares," said Yunita, during a press conference on Friday (3/2).

Unfortunately, Yunita reluctant to specify the amount and the rogue investor transactions. Yunita also silent about companies and securities that facilitate the transaction. The reason, it still must examine the case further. "We have to check and re-check first," said Yunita.

He just said, than 320,000 retail investors, who have had RDI per February 1, 2012 as many as 78 635 people. Then, as many as 29 000 investors have already committed to RDN. With that commitment, investors will have the RDN in the coming days.

Sanctions

Yunita confirmed, it will drop the witnesses for the parties that the policy violates the separation of the account. For customers, Bapepam-LK ready to drop the administration witnesses. As for the company in effect, a warning will be sanctioned. "We'll watch the first, and will provide penalties, recall, suspension, until a fine," said Yunita.

Ananta Wiyogo, President Director of Indonesian Central Securities Depository (KSEI), declined to elaborate, the cause of the violation. To be sure, KSEI know all of the stock trading at the Indonesian Stock Exchange. "I can not answer because it is internal consolidation with Bapepam-LK," said Ananta.

Bernard Thien, President Director of CIMB Securities Indonesia ensure that violations do not occur in the company. "Because all our customers who do not have direct RDN suspended, may not be able to transact the sale," said Bernard.

CIMB Securities Indonesia has about 4,000 retail customers. Of that total, only 50% are active. "As of February 1, 2012 There are thousands of customers affected by the suspension because it does not have the RDN," said Bernard. However, Bernard added that customers who do not have the RDN by February 3, 2012 hundreds of people living alone.

Record, according to Circular Letter No. 01/2012 on Account Opening Funds on Behalf of Each Customer, investors are prohibited from trading transactions without having RDN per February 1, 2012. Investors are only allowed to complete the transaction before the transaction.

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Sun Life Financial Obtain Award from Corporate Knights

Sun Life Financial is the only insurance company in North America who voted in the Global 100 Most Sustainable Companies in the World for 2012. The survey was conducted by Corporate Knights magazine and announced at the World Economic Forum in Davos, Switzerland.

"Sun Life is one of six Canadian companies from all industrial sectors are selected in this list" said Dean Connor, Chief Executive Officer of Sun Life Financial. "This ranking is a testament to our commitment to manage the sustainability of the things that are proactive in our business. As a company that develops and provides long-term financial products, we make a promise that will be valid for decades to come. "

The existence of Sun Life as the only North American insurance companies in the Global 100 also becomes an affirmation to our customers that Sun Life Financial focuses on the needs of the community. "Being sustainable emerged as a competitive differentiator. Moreover, many customers who want to do business with companies that are in line with the values they profess. This means keeping Sun Life, a financially strong, with effective governance and innovation that will bring a bright future, "said Connor again.

This year, Corporate Knights ranking methodology to revise them and impose more stringent requirements to demonstrate continuous performance of the company. This is the sixth year of Sun Life took this position. Besides listed in the top 100 Global, Sun Life Financial is the only life insurance companies listed in the 50 Best Corporate Citizens of Canada (Canada's 50 Best Corporate Citizens) version of the Corporate Knights in 2011 and "Reliable Life Insurance Company" in Canada according to a survey of consumers about the brand trusted conducted by Reader's Digest in 2011.

Sun Life Financial is an international financial services organization that provides a variety of protection products and the accumulation of wealth for individuals and corporate clients. Founded in 1865, Sun Life Financial and its partners are currently operating at world's major markets, including Canada, the United States, Britain, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of 30 September 2011, Sun Life Financial group of companies had total assets under management of CDN $ 459 billion.

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Insurance actuaries still need 400

JAKARTA. The insurance industry is still shortage of actuaries. Head of the Insurance Bureau of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) Rachmatarwata Isa said the number of insurance companies and actuaries power has not been balanced.

In fact, the Bureau of Insurance has designed the rules on the marketing of insurance products. One of its contents requires the use of actuarial services. In the draft new rules, each company must involve product development steering committee for the marketing of insurance products. One member of the committee is an actuary.

Isa said the actuaries who have signature authority of the insurance company actuarial reports only about 150 actuaries at this time. "The rest is still an associate, they have the technical capability but can not be held responsible for his signature," said Isa.

According to Jesus, the existence of an actuary is very important for the insurance industry. They have the technical ability in mathematics, finance, economic statistics to see the economy forward. Even an assessment of what will happen in the hands of actuaries. "But the level of fellow, not the associate level," continued Jesus.

Actuary needs depending on the size of the insurance company. Small companies with products that are not too varied, for example, insurance companies with insurance products and insurance vehicles housing just simply an actuary.

The more varied the products offered, such as insurance off shore and on shore, order ships, and aviation needs more than one actuary. Currently there are 85 general insurance, reinsurance 4, and 45 life insurance. If an insurance company needs a minimum of two actuaries, the actuary needs of 268 people.

Isa added that ideally the number of actuaries more than that number. Because the insurance industry needs an independent actuary to perform the evaluation. "Say the same amount of insurance in two or three years, 300-400 people need to be undertaken," said Isa.

Executive Director of the General Insurance Association of Indonesia (AAUI) Julian Noor also expressed concerns about the limited number of actuaries.

Chairman of the Actuarial Association of Indonesia (PAI), Budi Tampubolon acknowledged, the number of actuaries are still limited. There are currently 350 members of the PAI. Only 150 were entitled to sign the actuarial report. Most of them work in life insurance. "Moreover, the insurance will be needed," he explained. Budi said, ideally the number of actuaries in the company of more than one.

Budi said it is ready to anticipate the needs of actuaries. PAI has issued a Certified Non-Life Analys. Certificate holder simply pocketed the five courses that requirement to be an actuary. PAI also working with the University of Indonesia, UGM, ITB, ITS, and IPB because it has the same subjects with PAI.

To be akturis fellow, actuaries have pocketed the 10 required courses plus one seminar. "This is to accelerate and anticipate two more years, but they have to take another condition," said Budi.

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Financing Adira Finance will slow this year

JAKARTA. Manajemen PT Adira Dinamika Multifinance Tbk (ADMF) believe disbursement of credit financing by 2012 this could be increased compared with last year. However, the distribution of financing growth target this year is smaller than the previous period. Adira Finance Management only set a target growth of 10% financing.

I Dewa Made Susila, Adira Finance Director Finance, projecting, financing disbursement in 2011 of around Rp 30 trillion to Rp 31 trillion, grew by 25% than in 2010. "Targeting the year 2012 of about Rp 34 trillion, or grew about 10% only," said Made, Monday (2 / 1).

The growth was slower than last year due to sales of automotive passion is not as tight as last year. In 2011, sales of four-wheeled vehicle can grow more than 10% or exceeded 900,000 units. Sales of motorcycles drove up to 8 million units more or grew about 10%. "This year, car sales could grow 10%, but if the bike is only about 5%," said Made.

The reason, the motorcycle market in the island of Java is already saturated. In fact, Java has been a major market sales of motorcycles.

Made add, Adira require additional funding to achieve those targets. The fund is to finance automotive loans. "Most do not require funding of about USD 3.5 trillion," said Made.

The plan, management of Adira Finance will seek funds through capital markets. They will issue bonds. Unfortunately, Made still keeping the debt issuance plans.

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Panin Life will add 1500 agents next year

JAKARTA. The rapid business unitlink make life insurance companies vying to hoist the acquisition of the investment-based insurance products in the next year. Just look at the gait Panin Life, which next year will add about 1,500 new agents for the sake of hoisting the acquisition premium.

Now this number of agents in a subsidiary of the Panin Group of 3200. Year-end target of 3500 agents. "Going forward, the agency still must run parallel with bancassurance," said Vice President Director Simon Imanto Panin Life, Thursday (22/12).

Actually in Panin Life, currently the largest contribution to the distribution line is bancassurance, which is 70%. The remaining agencies 15%, and a combination of group insurance, direct marketing, and sharia by 10%. Panin Life Bancassurance because cooperation with major banks such as Bank Panin, Commonwealth, ANZ and DBS to market the product.

Simon said, next year unitlink still growing. But they do not want to rely solely bancassurance. Moreover, the insurance is in the process of licensing two new products for individual segments. Well, in order to more aggressively marketing this product will use an agency.

The agents certainly be certified. So secure in marketing products unitlink. Additional agents to hoist the acquisition premium of Rp 3.2 trillion aka grew 23% from this year. As an illustration, of the total target of Rp 2.2 trillion in premiums in 2012 through November already collected Rp 1.9 trillion.

This figure grew 70% compared to same period last year. Largest contribution was from unitlink, the remaining 90% of traditional products. Next year, Panin Life set a target of Rp 3.2 trillion atawa premiums grew 23% from this year's target.

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This year, Bakrie Life does not pay the mortgage

JAKARTA, Indonesia - If there was a survey, whichever is most fond of the company reneged on a promise, Life Insurance PT Bakrie (Bakrie Life) would be number one.

The company reneged on a promise to pay back the refund installment Diamond Investa customers associated cases of default. Throughout this year, Bakrie Life did not pay the mortgage principal to 250 customers of Rp 80 billion.

Not to mention, the remaining arrears September and December last year to Rp 28 billion, including interest payments in the month of August to December 2011 which reached USD 8 billion. The customers are forced to bite the fingers.

Freddy Koeshariono, customer representatives Diamodn Investa was disappointed over the attitude of Bakrie Life. According to him, Bakrie has violated an agreement with installment refund, as contained in the letter agreement (LCS) between the management of Bakrie Life with customers. "This letter formally signed by both parties," he said, Wednesday (21/12).

In fact, the requesting scheme in installments that just the management of Bakrie Life itself. Because do not see other opportunities, the customer accepted the offer, which is then poured in the LCS. "Ironically, they deny themselves," he said.

Lie Hendy, another customer to make sure, Bakrie Life will not complete its obligations until the end of this year. He obtained the assurance that after visiting the office of Bakrie Life.

In fact, according to LCS, should Bakrie Life early next year have paid off the remaining obligation as much as 50%. While another 50% in installments. "To date, no refund up to 30% of total customer funds," said Lie.

President Director of Bakrie Life Timoer Soetanto previously said it could only await capital injections from Bakrie Capital Indonesia (BCI) as the holding company. "We can not promise anything. Payments depend on wholesale funds business, "he stated. Surprisingly, the BCI is more willing to disburse funds to win the 2014 World Cup broadcasting rights in Brazil

Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) actually requires that Bakrie Life provide periodic reports every week. The report contains, among others, the communication between the directors and the client. "With or without development, Bakrie Life shall submit reports to us," said Head of Insurance Bureau of Bapepam-LK, Isa Rachmatarwata, recently.

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Sun Life Premium Income Reaches USD 638 Billion

JAKARTA, Indonesia - The insurance company PT Sun Life Financial Indonesia (Sun Life) announced its financial performance for the third quarter of 2011, Thursday (17/11/2011) in Jakarta.

The company's total premium income reached USD 638.1 billion, an increase of 28 percent from Rp 498.3 billion in the third quarter in 2010. "We are delighted that in the third quarter of 2011 to grow our business profitably," said Bert Paterson, Country Manager of Sun Life Financial Indonesia.

Bert hope to capitalize on this momentum in the fourth quarter. Support comes from the availability of the products value-for-money is expected to meet the needs of our customers.

As of October 31, 2011, Sun Life has more than 4,800 agents in 43 sales offices in 29 cities across Indonesia, five partner banks, a non-financial institution partners, and more than 200 telemarketers.

In addition to premiums, First Year Premium income (including Single Premium) the company also rose about 44 percent to the Rp313, 1 billion. Premium Income Unit Link to Rp 424.3 billion, while in the same period last year Premium Income Unit Link is Rp207, 6 billion.

That makes the Sun Life's total assets reached Rp 4.46 trillion, up 2 percent from the third quarter of 2010.

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2023, Indonesia Lead the World Islamic Finance Industry

JAKARTA, Indonesia - The development of Islamic financial industry in Indonesia is predicted to continue to grow in 2012. In fact, Indonesia is predicted to lead the world's Islamic financial industry in 2023 with total assets of 1.597 trillion U.S. dollars.

In 2023, the world's Islamic financial industry is predicted to have assets of up to 8.6 trillion U.S. dollars. Indonesia Islamic finance industry's assets will be in Pakistan which has assets of over 1.388 trillion U.S. dollars. Third world Islamic finance industry will be held in Bangladesh with total assets of 1.154 trillion U.S. dollars. The predictions presented in the Islamic Finance Intelligence Summit in Kuala Lumpur, Tuesday (15/11).

Indonesia Islamic financial industry would defeat the Islamic countries and the Middle East. Egyptian Islamic financial industry assets in 2023 only about 624 billion U.S. dollars, followed by Turkey with assets of 581 billion U.S. dollars. Other Islamic countries, Iran, will have assets of Islamic financial industry for 581 billion, followed by Sudan (204 billion U.S. dollars), and Saudi Arabia (198 billion U.S. dollars).

Countries that have Islamic finance industry will be missed from Indonesia such as the UK, Yemen, Syria, and the Union Arab Emirate (UAE). England will have assets of Islamic financial industry for 190 billion U.S. dollars in 2023. The number is followed by Yemen (187 billion U.S. dollars), Syria (163 billion U.S. dollars) and UAE (94 billion U.S. dollars). Malaysia, which currently has assets of Islamic financial industry will be far the largest in Asia behind Indonesia, namely to 133 billion dollars in 2023.

According to Islamic economists, Adiwarman Anwar Karim, Indonesia has the potential to be the center of the world economy. The potential was backed by two major factors namely population size and creativity. "The potential is hampered by its nature difficult market driven," he said, Wednesday (16/11).

There are four types of industries that will flourish in Indonesia in the future, namely the Muslim fashion industry, halal food, the media with the content of Islam, and Islamic finance. Islamic finance has the potential to grow significantly in the future despite its current market share is still less than 4 percent. Indonesia Islamic bank customers now have 10 million, plus 3.5 million Takaful.

"With a total of 13.5 million that was equal to the total population of Muslims in Malaysia and the next year Indonesia Islamic financial customers equals the number of citizens of Saudi Arabia," he said.

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Avrist Grow Quality of Life

MEDAN, Indonesia-As the life insurance company backed international financial institutions in Indonesia, PT Avrist Assurance (Avrist) play an active role in raising public awareness on the development of the quality of family life, both in terms of health and finance.

Vice President Avrist Assurance Director, Adi Purnomo Wijaya said, judging by data AAJI (Life Insurance Association of Indonesia) as of the end of 2010, the total number of life insurance penetration in Indonesia is still low at 13.52 percent.

So, Avrist present to remind how important a quality of life balanced with awareness and concern for the health to financial planning and the importance of life insurance protection for families.

Make it happen, Avrist Assurance held an activity named Avrist Purple Movement with the theme of Healthy Life, Healthy Food and Healthy Finance. Healthy for Life activities is Fun Bike, Fun Aerobic and Health Clinic of health checks and free medical consultations in collaboration with Columbia Asia Hospital and the Hospital Martha Friska Medan.

Meanwhile, a bazaar Healthy Food healthy eating and healthy cooking demonstration by Chef Tatang. Finally, event-filled Healthy Finance Financial Clinic and brought Hendri Hartopo in providing information and various tips on the management. And family financial planning effective and efficient.

"Many of these activities we held in Medan Citadel Square, followed by staff Avrist Assurance and toned appearance bands capital and the division of door prizes," he said.

Previously, the same activity has also been held in Silang Monas Jakarta on 30 October 5700 and followed participants. "The city of Medan, we are targeting more than 3,000 participants attended and later we also held similar activities in Surabaya on 4 December," he explained.

Meanwhile, Kathyn M Parapak as Head Of Corporate Marketing and Communications Avrist Assurance add Avrist Purple Movement itself inspired by the motto Avrist Advancing Life Assurance, which is interpreted from the purple color Avrist identity.

"The color purple reflects the well-being so we would expect Avrist a motion for the community to promote the welfare of yourself and your family in terms of both health and finances," he said.

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Axa Mandiri OJK Support Implementation

JAKARTA, Axa Mandiri The insurance industry supports the implementation of the OJK. This rule is very positive for the development of the insurance industry. Hopefully, no longer the case rules that overlap so that Axa Mandiri could further improve its performance. Until the third quarter of 2011, Axa Mandiri's net profit reached Rp 591 billion.

President Director of Axa Mandiri Financial Services Albertus Wiroyo revealed it in the performance of Axa Mandiri exposure in the third quarter of 2011 in Jakarta, Tuesday (11/08/2011). In addition to performance, she asked for ratification of the response related to the Draft Law Financial Services Authority which recently passed the House.

Albertus said, for this industry engaged in bancassurance is very dependent on the regulation of Bank Indonesia and the Bureau of Insurance. Supervision will be better again. Regulation will be organized so that competition becomes more fair.

About the charges, I think so far is still reasonable. If I see advantages in encouraging the performance of the insurance industry, course fees can still be tolerated, said Albertus.

In his presentation, Axa Mandiri just recorded a net profit in the books of the third quarter of 2011 amounting to Rp 591 billion. This number increased 76.5 percent over the same period in 2010 amounting to Rp 335 billion. In fact, has exceeded earnings during the year 2010 amounted to Rp 479 billion.

In the third quarter of 2011, total premiums Axa Mandiri to Rp 3.731 trillion, an annualized new premiums pertahungan reached Rp 2.331 trillion, the fund managed to Rp 9.376 trillion, and the results of non-unitlink investment reached USD 92.4 billion, as well as the strength of its total assets of Rp 10.213 trillion.

Iwan Pasila, Chief Financial Officer of Axa Mandiri, explains, "Investments to be very careful because we also provide some sort of warranty to the customer in order to pay at maturity. For the on-unitlink, we tried on the assets that roughly match the investment characteristics. "

Director of Sales Axa Mandiri K Kadarisman said, there are some channels that have not been optimally developed. Axa Mandiri will optimize the development of micro businesses.

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Habibie's Octopus Family Business

At the national business scene, the family name of former president BJ Habibie was not too loud sound. But who would have thought, now his business empire continues to grow. Under the command of Ilham Akbar Habibie, the eldest son of the couple Bacharuddin Jusuf Habibie and Hasri Ainun, PT Ilthabi Rekatama (IR) that was founded in 1991 showed tajinya increasingly in the international business.

Ilham recently joined IR in 2002 after he reluctantly had to leave the PT Dirgantara Indonesia (DI) - d / h PT Nusantara Aircraft Industry. At that time, Ilham who served as Director of Commercial DI is conducting research to increase the number of its product portfolio. "At least, DI has been successfully delivering products and has been used," he said. But unfortunately, the project should be stopped because there is an agreement between the government and the International Monetary Fund.

Apart from DI, Ilham decided swerved and IR flag. He said the decision to plunge into the family business not because her sister, Thareq, want to release control of the company with a variety of reasons. "Virtually no other choice for families," he said with a laugh.

However, the father of three children are very aware that he was not overly dominate the world of business. So, he decided to gain knowledge in the management of Chicago Booth School of Business (d / h Graduate School of Business, University of Chicago) Singapore Campus.

As he continued his education, Ilham initiate steps to be entrepreneurs. Nobel Ph.D with summa cum laude from the Technical University of Munich, Germany is starting to fix the family company that previously did not managed properly. The focus of the company that formerly divided into manufacturing, services and property began kuangan reorganized. "Initially we also deals in property, but we eventually leave," he said. "Our main focus point to three areas, namely natural resources, manufacturing and technology," he said.

In the mining business, IR has a Sound Oil. Moreover, it also has a coal mining company that has not been the production of, namely PT Ilthabi Bara Utama. The company has a concession in East Kalimantan, an area of ​​35 thousand ha which overall is expected to produce 3.3 billion tons of coal. However, the company recently sold to Bayan Resource. "Now, we are developing coal bed methane business as an energy alternative," said Ilham.

In manufacturing, business IR focus on the business of casting and cooling. IR has a fabrication to casting, the production of radiators, cooling systems engineering (for refrigeration and klimatisasi). Meanwhile, in the field of information technology, currently managing IR www.orbit-digital.com website which is a continuation of Orbit magazine published by the (late) Hasri Ainun Habibie. "Part of the effort we developed with partners," said Ilham without mentioning willing partners.

In addition to these three areas, in fact IR is also managing the corporate financial services, namely insurance Wuwungan. According to Ilham, the company will be retained because it was the first attempt which was built by his family. In addition, also a joint venture between Habibie families with relatives.

Men who also served as Chairman of the Presidium of the Association of Indonesian Muslim Intellectuals mentions that he was quite satisfied with the development of the Group Ilthabi managed. He will continue to strive to improve the welfare of approximately two thousand workers who take shelter under Ilthabi Group. Thus, Ilham will continue to do business development for the business group later became a well respected business group in the country. "One of the center we have developed is the herb business," he said.

Ilham said, one of his obsession is to increase local value added in Indonesia, local technology levels, and create more jobs. According to him, Indonesia's domestic market is very large, and should have a more dominant nasionallah companies in Indonesia market. "We are active in manufacturing because we believe that we need dihilirisasi SDA and it needs the technology and manufacturing," said the man who had a career in this Boeing Aircraft Company.

In the eyes Rhenald Kasali, management analysts, children Habibie high school, they were smart kid who has a doctorate. However, those people who are very sterile and not someone who grew up in the field. Not people who are faced with a situation of market competition is tight to get the order. "If ever they get into the business world, they will enter into a business that is stable and well managed," said Rhenald commented

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