Rabu, 31 Desember 2008

Target PTBA th 2009

Th 09 target pendapatan PTBA mencapai Rp 8,4 T (Rp 7 T pd 08) tumbuh 20%. & laba bersihnya Rp 2,28 T (Rp 1,9 T pd 08). Produksi akan ditingkatkan dr 13 jt ton pd 08 jd 15,6 jt ton

Selasa, 30 Desember 2008

Prosedur Dapatkan Gratis Fiskal Ke Luar Negeri

Selasa, 30 Desember 2008 | 11:56 WIB

Bila anda sudah mempunyai Nomor Pokok Wajib Pajak, mulai tahun 2009 ini, anda mendapatkan fasilitas bebas fiskal bila pergi ke luar negeri. Ternyata untuk memperoleh fasilitas gratis fiskal tersebut, kita harus menyiapkan segala sesuatunya. Berikut prosedur untuk mendapatkan fasilitas tersebut. Wajib Pajak (WP) tinggal menyerahkan fotokopi kartu NPWP/ surat keterangan terdaftar (SKT) atau SKT Sementara (SKTS), fotokopi paspor, dan borading pass kepada petugas unit pelaksana fiskal luar negeri (UPFLN).

Dalam hal kartu NPWP dimiliki kepala keluarga, maka anggota keluarga yang berangkat keluar negeri harus melampirkan fotokopi Kartu keluarga. Petugas UPFLN menerima dan meneliti fotokopi dokumen tersebut kemudian menginput NPWP pada aplikasi yang tersedia. Jika NPWP valid maka petugas UPFLN menempelkan stiker bebas fiskal pada bagian belakang boarding pass untuk penumpang.

Penumpang menyerahkan boarding pass yang telah ditempel stiker bebas fiskal kepada petugas konter pengecekan FLN untuk diteliti. Jadi, sebelum ke bandara, siapkanlah berbagai dokumen yang diperlukan bila anda ingin mendapatkan fasilitas bebas fiskal ke luar negeri ini. Kalau anda tidak mempunyai NPWP, bersiap-siaplah merogoh Rp 2,5 juta untuk angkutan udara, dan Rp 1 juta untuk angkutan laut tiap kali keberangkatan keluar negeri. Karena penumpang tujuan luar negeri tetap wajib bayar FLN, jika tidak dapat menyerahkan fotokopi dokumen dimaksud, menyerahkan fotokopi dokumen tatapi tidak setelah dicek tidak valid, dan menyerahkan fotokopi kartu NPWP/SKT/SKTS yang dimiliki kepala keluarga tetapi tidak melampirkan kartu keluarga, atau melampirkannya tetapi nama penumpang tidak tercantum dalam susunan kartu keluarga di maksud.

Erlangga Djumena

Rabu, 17 Desember 2008

Reuters Investment Summit

Energy shares rank among top picks in '09

NEW YORK (Reuters) - Energy shares are hot again.

After plummeting about 40 percent in the second half of this year, they are looking attractively priced to some of biggest investors as they position themselves for 2009.

While the precipitous drop in crude oil and natural gas prices from their record highs in July have pounded the sector, money managers are betting oil will inevitably rebound. That's because as demand is falling amid a global slump, production cuts mean supply is falling faster.

Once the economy begins to stabilize, demand will return with a vengeance, they said.

"We very rarely invest in energy ... but I think there are some great opportunities," Whitney Tilson, founder of hedge fund T2 Partners told the Reuters Investment Outlook Summit in New York this week.

Bob Doll, global chief investment officer of equities at BlackRock (BLK.N: Quote, Profile, Research, Stock Buzz) and Margaret Patel, senior portfolio manager at Evergreen Investments, also see energy as among the most compelling sectors, while renowned hedge-fund manager Jim Rogers said the credit crisis had not killed the bull market in commodities, including oil, but only dealt it a "horrible setback."

An S&P index of energy companies .GSPE is currently down 41 percent in the second half, during which the benchmark S&P 500 .SPX index fell 34 percent. An index of oil services companies is currently down 67 percent from its record high of $364.26 hit on July 2.

"We are in a nasty global recession and oil demand will be affected by that, no question about it," Doll of BlackRock said. "But we are still not drilling enough holes to get enough out of the ground to replace that which we are even using at these lower levels. So oil prices, as the economy recovers, have to come back."

As the global economic slump has crushed demand for energy, some U.S. refiners, facing dismal profit margins, have scaled back production, with more cuts likely. This week, the OPEC president called for more "severe" production cuts.

Doll recommended selling retailers that have rallied in recent weeks and buying energy companies instead.

"Some of the big integrated oils, we think, represent reasonable value," he said, adding he would stay in the defensive names such as Chevron (CVX.N: Quote, Profile, Research, Stock Buzz) and Exxon (XOM.N: Quote, Profile, Research, Stock Buzz) for now. Doll said buying ConocoPhillips (COP.N: Quote, Profile, Research, Stock Buzz), Occidental Petroleum (OXY.N: Quote, Profile, Research, Stock Buzz) and some of the bigger, more conservative exploration and production companies like Apache Corp (APA.N: Quote, Profile, Research, Stock Buzz) would also "make sense."

For her part, Evergreen's Patel said energy services companies would do well, "as it gets more and more technically difficult to bring gas and oil out of the ground."

T2 Partners' Tilson, a value investor, said the energy sector had attracted "a lot of momentum-oriented investors, investors on leverage, and you are seeing all of that unwind like crazy." Tilson owns natural gas company Crosstex Energy (XTXI.O: Quote, Profile, Research, Stock Buzz) and oil and natural gas company Contango Oil & Gas (MCF.A: Quote, Profile, Research, Stock Buzz).

Renowned commodities investor Jim Rogers is also betting that dwindling reserves of oil will drive a recovery in energy, but he said he's investing directly in the commodity. He told the Reuters Summit that he bought oil last week as crude prices collapsed to near four-year lows.

Jim O'Shaughnessy, chief investment officer at O'Shaughnessy Asset Management, owns Exxon Mobil, which he said has attractive valuation.

Like other money managers, he's focusing on sectors expected to farewell even in a recession.

O'Shaughnessy said he owns a number of consumer companies catering to people who are pinching their pennies, such as discount retailers Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) and Dollar Tree (DLTR.O: Quote, Profile, Research, Stock Buzz) and satellite TV provider DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz).

"Do we see a theme here? People are going to sit at home, watch DirecTV, go to Costco, buy their cheap beer there, and try to weather out the recession," O'Shaughnessy said.

Apa sebenarnya Skema Ponzi?

Skema Ponzi merupakan sebuah istilah untuk praktek kotor dalam bisnis keuangan yang menjanjikan pemberian keuntungan berlipat ganda yang jauh lebih tinggi dari keuntungan bisnis riil bagi investor yang mau menyimpan dana investasinya lebih lama di perusahaan investasi seperti sekuritas, bank, asuransi ataupun investment banking. Para invesor umumnya tidak tahu dan tidak mau tahu darimana perusahaan membayar keuntungan yang dijanjikan.

Nama Ponzi diambil dari seorang penipu bernama Charles Ponzi yang tinggal di Boston, AS. Ponzi terkenal dengan penipuannya karena menawarkan investasi berupa transaksi spekulasi perangko AS terhadap perangko asing di era 1919-1920.

Ponzi mendirikan 'The Security Exchange Company' pada 26 Desember 1919, yang menjanjikan investasi dengan balas jasa 40% dalam 90 hari. Padahal kala itu bunga bank pada saat itu hanya 5% per tahun. Tidak sampai satu tahun, diperkirakan sekitar 40,000 orang mempercayakan sekitar US$ 15 juta atau sekarang senilai US$ 140 juta dalam perusahaannya.

Untung yang dijanjikan Ponzi ternyata hasil tambal sulam. Pada pertengahan Agustus 1920, audit oleh pemerintah terhadap usaha Ponzi menemukan bahwa Ponzi sudah bangkrut. Total aset yang dimilikinya sekitar US$ 1,6 juta, jauh di bawah nilai utangnya kepada investor.

Skema penipuan ini juga sering terjadi di Indonesia. Ada sebuah perusahaan menjanjikan keuntungan besar, namun sebenarnya keuntungan itu dibayar dengan dana yang masuk dari anggota baru. Tidak pernah ada investasi riil. Kasus besar yang pernah terjadi adalah penipuan PT Qurnia Subur Alam Raya atau QSAR yang menggelapkan dana nasabah melalui investasi agribisnisnya.

Nah, yang dilakukan oleh investor kawakan Wall Street, Bernard Madoff juga sedemikian. Madoff menggunakan dana dari investor baru untuk membayar bunga investor lama. Nilainya terus bertumpuk-tumpuk hingga mencapai US$ 50 miliar. Penipuan Madoff baru terungkap setelah para investor menarik dananya sehubungan dengan krisis finansial. Disitu baru diketahui bahwa Madoff sudah kehabisan dana.