Market Down, Kalla Toyota Remain Optimistic

MAKASSAR, – Automotive Market this year was not as predicted. Previous dealers predict car sales in mid-year will be better, the reality is not as expected.
Based on data Polreg call centers in Sulawesi (except Sulawesi), the automotive market in April 2013 and May recorded as many as 4,800 units 4,596 units. In June this year, the market fell again to number 4,278 units.
Director of Operations Kalla Toyota, Hari Kaimuddin said, although the total market has decreased, it remains optimistic sales recorded this year is better than last year.
“Last month we try to be optimistic if the market rose in June. Moreover, it is always the beginning of the year sales fell. But it turned down (June). Bgitu However, we remain optimistic,” he said last weekend.
Kalla Toyota as the Toyota dealership in Sulawesi (except Sulawesi) in June 2013 posted sales of 2,281 units. Slightly decreased from the previous month’s sales are recorded 2,344 units.
“In terms of sales are down, but in terms of market share, Toyota rose to 53.4 percent,” he said.

Bakrie and Brothers Profit Drops So Rp 8.3 Billion

Net income of PT Bakrie and Brothers Tbk (Bakrie) fell dramatically during the first half of 2013 to only Rp 8.36 billion. In fact, in the same period of the previous year the company was pocketing a profit of Rp 214.35 billion.

President Director of Bakrie and Brothers Bobby Gafur Umar stated, profit drop due to the divestment of a subsidiary Bakrie Petroleum International Pte in 2012. It, which makes the company’s revenues come eroded.

During the period January-June 2013 pesebesar company posted revenue of Rp 1.95 trillion, down from the acquisition of the first half of 2012 which reached Rp 11.39 trillion. “This is due to the deconsolidation of a subsidiary of Bakrie Petroleum us,” he said in a written statement on Wednesday, July 31, 2013.

The largest revenue contribution came from the company’s subsidiary in the manufacturing sector. Bakrie Building Industries opens Rp 380.73 billion in revenue, up 23 percent compared to the same period last year. Net income also rose 73 percent, or Rp 45.82 billion.

Bakrie Pipe Industries, which manufactures pipes also recorded a positive performance during the first semester of 2013. “Bakrie Pipe Revenue rose to Rp 751.92 billion from Rp 700.55 billion.’s Net profit also rose 102 percent from Rp 32.75 billion to Rp 66.22 billion,” said Bobby.

Boobby continued throughout the first six months of this year the management company managed to cut interest expenses and finance up to 78 percent or Rp 603 billion from Rp 775.79 billion in the first half of 2012 menjajdi Rp 172.78 billion in the first semester of 2013. “We will continue to depress spending and increase business efficiency,” he said

Alternative Investments The Modern Way To Gain Higher Returns

Alternative investments tend to provide to the investor a platform that enables earning of money with much fewer risks involvedand a higher ROI (return on investment). It can also be referred to as investments in hedge funds however it is all strategy related. Some alternative investment strategies may includeconvertible arbitrage, fixed income arbitrage, short bias and equity of market neutral. In most cases financial institutions are the holders of the alternative investments. Although these investments are controversial because of the lack of regulation, still economic analyst gives their views on them. They are also subject to scrutiny by politicians and sometimes lack proper disclosure.

The best thing about alternative investments is the rate of very higher returns than the traditional ones. There are many investment plans like giving by AIM (Alternative Investment Market). Established in 90s this platform has turned out to be more useful than the former Unlisted Securities Market, giving investors a chance to gain some profit and pool in the capital. AIM works for the small investors who are potentially not eligible to be listed in the stocks and gives them a free hand with respect to rules and regulations. Although there are some regulations but they do not torture the investor to increase their capital. The most important feature of AIM is that is does not stop investors by putting a check to the number of shares they can issue in the market. This facility gives investors a chance to increase their ratio in the market without much struggle. In the past few years it has also been seen that some investors with their proper time management and skills have managed to make way to enter the main market after successful results achieved in AIM. The London Stock Market has is the proud founder of AIM and had proved to be a rising star in alternative investments.

It is important to understand that investments are risky therefore wherever you invest in something it is important that care shall be taken. It must also be kept in mind that you are sure that you understand the business

Sweepstakes Scams Are a Form of Financial Elder Abuse

Sweepstakes scams continue to rack up victims, despite warnings to the public. Often, senior citizens are the target of these types of scams. Thus, sweepstakes scams are a form of financial elder abuse. In a typical sweepstakes scam, a fraudster contacts an elderly victim and informs them that they have won lottery. The catch is that the elderly victim is then told that they must send in money in order to collect the sweepstakes prize. California financial elder abuse attorneys warn senior citizens not to fall victim to sweepstakes scams.

Recently, the Federal Trade Commission announced that it is putting an end to one large sweepstakes scam based in Ventura County. The defendant in the case owned three companies that allegedly mailed out more than 3.7 million letters to people in more than 156 countries. In this case, instead of asking for large sums of money from senior citizen victims, they asked for smaller sums of money. California financial elder abuse attorneys warn the public not to fall for sweepstakes scams no matter how much money the fraudsters ask for.

In this case, the senior citizen victims received personalized letters with official looking seals, stamps and bar codes. The seniors were told that they had won millions of dollars and could get the money by first sending in a small fee of $20-$30 within a limited period of time. According to the Federal Trade Commission, the scam has brought in more than $11 million dollars, mostly from senior citizens. California financial elder abuse attorneys say that senior citizens are often targeted for these kinds of mailings.

One of the letters that was mailed out as a part of this scam states that the victim has been chosen from a pool of 250,637 names. There is fine print on the back of the letter that states that consumers will actually only receive lists of sweepstakes they can enter instead of a cash prize. According to the Federal Trade Commission, the fine print does not clear the company of wrong doing because the claims are misleading and victims do

Fundamental Principles Of Insurance

Insurance is a contract, a risk transfer mechanism whereby a company (Underwriter) promised to compensate or indemnify another party (Policyholder) upon the payment of reasonable premium to the insurance company to cover the subject-matter of insurance. If you are well conversant with these principles, you will be in a better position in negotiating you insurance needs.

1. Insurable interest. This is the financial or monetary interest that the owner or possessor of property has in the subject-matter of insurance. The mere fact that it might be detrimental to him should a loss occurred because of his financial stake in that assets gives him the ability to insure the property. Castellin Vs Preston 1886.

2. Umberima fadei. It means utmost good faith, this principle stated that the parties to insurance contract must disclose accurately and fully all the facts material to the risk being proposed. That is to say that the insured must make known to the insurer all facts regarding the risk to be insured (Looker Vs Law Union and Rock 1928). Likewise, the underwriter must highlight and explain the terms, conditions and exceptions of the insurance policy. And the policy must be void of small prints.

3. Indemnity. It stated that following a loss, the insurer should ensure that they placed the insured in the exact financial position he enjoyed prior to the loss (Leppard Vs Excess).

4. Contribution. In a situation where two or more insurers is covering a particular risk, if a loss occurred, the insurers must contribute towards the settlement of the claim in accordance with their rateable proportion.

5. Subrogation. It has often been said that contribution and subrogation are corollary of indemnity, which means the afore-mentioned two principles operates so that indemnity does not fail.

Subrogation operates mainly on motor insurance. When an accident occurred involving two or more vehicles, there must be tortfeasor(s) who is responsible for accident. On this basis, the insurer covering the policyholder who was not at fault can recover their outlay from the underwriter of the policyholder who is responsible for the incidence.