DOCSLIB.ORG

Announcement Proposed Acquisitions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

(Constituted in the Republic of Singapore pursuant to a trust deed dated 8 August 2007 (as amended)) ANNOUNCEMENT PROPOSED ACQUISITIONS 1. INTRODUCTION LMIRT Management Ltd., in its capacity as manager of Lippo Malls Indonesia Retail Trust (“LMIR Trust” and as manager of LMIR Trust, the “Manager”), is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of LMIR Trust (the “Trustee”), has today, 23 October 2012, directly and/or through its wholly-owned subsidiaries, entered into conditional sale and purchase agreements, respectively: (i) Acquisition of Pejaten Village with SeaPejaten Pte Ltd (“SeaPejaten”) and PT Gading Nusa Utama (“GNU” and together with SeaPejaten, the “Pejaten Village Vendors”) in relation to the acquisition of Pejaten Village, a six-level retail mall (including one basement level) located in the city of Jakarta, Indonesia, bearing the postal address Jalan Warung Jati Barat No. 39, Jati Padang Sub District, Pasar Minggu District, South Jakarta Region, DKI Jakarta Province and which is covered by three leasehold certificates (Sertipikat Hak Guna Bangunan) (“Pejaten Village”, and the acquisition of Pejaten Village, the “Pejaten Village Acquisition”) (the “Pejaten Village CSPAs”)1. Pejaten Village has a net lettable area (“NLA”) of 41,847 square metres (“sq m”) as at 30 June 2012. Further details in respect of the structure of the Pejaten Village Acquisition are set out in paragraph 3 and Appendix A below; and (ii) Acquisition of Binjai Supermall with: (a) PT Trias Mitra Investama (“TMI”) in relation to the acquisition of Binjai Supermall, a three-level retail mall located in Binjai, North Sumatra, Indonesia, bearing the postal address Jalan Soekarno Hatta No. 14, Timbang 1 The Pejaten Village CSPAs comprises (1) the share purchase agreement between Requis Investment Pte. Ltd. (which is a wholly-owned subsidiary of LMIR Trust) and SeaPejaten in relation to the acquisition of 75.0% of the issued share capital of PT Panca Permata Pejaten (“PPP”), (2) the share purchase agreement between Gaillard Investment Pte. Ltd. and SeaPejaten in relation to the acquisition of 20.0% of the issued share capital of PPP and (3) the share purchase agreement between Gaillard Investment Pte. Ltd. and GNU in relation to the acquisition of 5.0% of the issued share capital of PPP. 1 langkat Sub District, East Binjai District, Binjai City, North Sumatra Province and which is covered by one ‘Right to Build’ (Hak Guna Bangunan)2 Certificate No. 93 (“Binjai Supermall”) (the “Sale of Binjai Supermall”); and (b) PT Matahari Putra Prima Tbk (“MPP”, and together with TMI, the “Binjai Supermall Vendors”), in relation to the transfer of rights over the units constructed and developed which consist of 12,866.75 sq m area in Lower Ground Floor, Ground A Floor, Ground B Floor, Ground/Basement, Upper Ground Floor A and Roof Floor of Binjai Supermall (the “Binjai Units”) which were held by MPP pursuant to (I) Perjanjian Pengalihan Pengikatan Jual Beli Satuan Kios/Kios Binjai Supermall dated 3 October 2005 (the “Transfer of Rights Agreement”)3 made by and between MPP and PT Persada Mandiri Dunia Niaga (“PMDN”)4, (II) Perjanjian Pengalihan Hak Kepemilikan Satuan Kios/Kios Binjai Supermall dated 3 October 2005 made by and between MPP, PMDN and TMI, and (III) Addendum to the Transfer of Conditional Sale and Purchase Agreement dated 3 October 2005 (Addendum Terhadap Perjanjian Pengalihan Pengikatan Jual Beli Satuan Kios/Kios Binjai Supermall) dated 20 March 2012 made by and between MPP and PMDN (“Novation of Binjai Units” and together with the Sale of Binjai Supermall, the “Binjai Supermall Acquisition”), (the “Binjai Supermall CSPA”). Binjai Supermall has an NLA (after the completion of an asset enhancement initiative in December 2012) of 23,022 sq m. Further details in respect of the structure of the Binjai Supermall Acquisition are set out in paragraph 4 and Appendix B below. The Manager proposes to finance the Pejaten Village Acquisition and the Binjai Supermall Acquisition (the “Proposed Acquisitions”) with: (i) the proceeds raised from the issuance of the S$200,000,000 4.88% Notes due 2015 and S$50,000,000 5.875% Notes due 2017 (collectively, the “Notes”) pursuant to the S$750,000,000 Guaranteed Euro Medium Term Note Programme established by 2 Under Indonesian land law, the highest title which can be obtained by a company incorporated or located in Indonesia is a ‘Right to Build’ or HGB Title. HGB Titles can only be obtained by an Indonesian citizen, or by a legal entity which is incorporated under Indonesian law and located in Indonesia including foreign investment companies. A holder of HGB Title has the right to erect, occupy and use buildings on that particular parcel of land, and also has the right to encumber and sell all or part of the parcel. 3 The Transfer of Rights Agreement stipulates, among others, that, as of the date of the Transfer of Rights Agreement: (i) PMDN has transferred all of its rights and obligations over the Binjai Units to MPP, (ii) MPP agreed to be bound by all the terms and conditions of the PMDN CSPA (as defined below), and (iii) the Vendor has agreed and does not object to the transfer of its property rights over the Binjai Units from PMDN to MPP and will hand over the Units to MPP in a timely manner. 4 PMDN is the previous owner of the rights over Binjai Units pursuant to (i) Perjanjian Pengikatan Jual Beli Satuan Kios/Kios No. 015/PPJB-TMI/V/05, (ii) Kontrak Tentang Pelaksanaan Tata Tertib Gedung No. 015-A/PPJB-TMI/V/05, (iii) Perjanjian Penyerahan Hak Atas Pengaturan Dan Hak Pengelolaan Atas Dinding Bersama Dari Satuan Kios/Kios Dalam Gedung No. 015-B/PPJB-TMI/V/05, made by and between PMDN and TMI, each dated 9 May 2005 (collectively hereinafter referred to as the “PMDN CSPA”), and (iv) the Addendum to the PMDN CSPA made by and between PMDN and TMI, dated 7 March 2012. 2 LMIRT Capital Pte. Ltd. (a wholly-owned subsidiary of LMIR Trust) (the “EMTN Programme”), as announced by the Manager on 26 June 2012; (ii) the issuance of new notes under the EMTN Programme; (iii) new loan facilities to be entered into; and/or (iii) internal cash reserves and working capital of LMIR Trust. The Manager intends to announce the proposed source of financing subsequent to receiving approval from unitholders of LMIR Trust (“Unitholders”) to proceed with the Proposed Acquisitions at an extraordinary general meeting of Unitholders, to be held in due course. 2. RATIONALE FOR THE PROPOSED ACQUISITIONS The Manager believes that the Proposed Acquisitions will bring the following key benefits to Unitholders: (i) acquisition of retail mall assets at discounts to the average of the independent valuations offering stable occupancies and leasing up opportunities; (ii) opportunity to enhance the earnings of LMIR Trust; (iii) the properties which are the subject of the Proposed Acquisitions (the “Proposed Properties”) are located at strategic locations with sustainable retail traffic; (iv) increased economies of scale in operations and marketing; and (v) diversification of LMIR Trust’s asset portfolio to minimise concentration risk. The above rationales are further elaborated below. 2.1 Acquisition of Retail Mall Assets at Discounts to the average of the Independent Valuations offering stable occupancies and leasing up opportunities The Proposed Acquisitions represent an opportunity for LMIR Trust to acquire income producing quality properties below the independent valuations from the independent valuers, namely KJPP Rengganis, Hamid & Rekan (“KJPP RHP”) and KJPP Willson & Rekan, and are in line with the Manager’s acquisition growth strategy of owning retail and/or retail related properties to optimise Unitholders’ returns, as well as providing potential capital appreciation and long-term growth. 3 Average of Independent Valuations conducted by KJPP Discount to Purchase Rengganis, Hamid & Rekan in Average of Consideration strategic alliance with CB Property Independent (as defined Richard Ellis (“KJPP RHP”) and Valuations herein) KJPP Willson & Rekan in (%) affiliation with Knight Frank (“KJPP Willson & Rekan”) Pejaten Village Rp.748.0 billion Rp.855.6 billion (S$109.8 million) 12.6% (S$96.0 million(1)) Binjai Supermall Rp.237.5 billion Rp.250.5 billion (S$32.1 million) 5.2% (S$30.5 million) Note: (1) Based on the relevant exchange rate of S$1.00 to Rp.7,795.3 as at 9 October 2012 (the “Illustrative Rupiah Exchange Rate”). Unless otherwise stated, all conversions of Rp. amounts into S$ in this announcement shall be based on the Illustrative Rupiah Exchange Rate. As at 30 June 2012, the occupancy rates of Pejaten Village and Binjai Supermall are 95.2% and 91.4% respectively. The high occupancy rates are a reflection of the strong demand for retail space in Jakarta, where Pejaten Village is located, as well as at Binjai Supermall, which is the only mall in Binjai City and which also serves as a transit area for people travelling from Medan to Aceh. 2.2 Opportunity to Enhance the Earnings of LMIR Trust Based on the pro forma financial statements for the year ended 31 December 2011, the pro forma net property income (“NPI”) contribution from Pejaten Village and Binjai Supermall was Rp.54.6 billion (S$7.0 million). 2.3 Strategic Locations with Sustainable Retail Traffic The Proposed Properties are strategically located in Jakarta and Binjai (a transit point between Medan, the largest city in Sumatra, and Aceh), giving LMIR Trust access to the dense population located in these cities, thereby ensuring sustainable retail traffic at these properties. LMIR Trust’s retail malls are positioned as “Everyday Malls” that provide necessities (e.g. supermarkets and family shopping) to the community living in the regions neighbouring its retail malls and target the middle income population in densely populated cities in Indonesia.
Recommended publications
  • Institutional Strengthening in Waste Management in Medan, Binjai, Deli Serdang, Karo (Mebidangro)

    Institutional Strengthening in Waste Management in Medan, Binjai, Deli Serdang, Karo (Mebidangro)

    Institutional Strengthening in Waste Management in Medan, Binjai, Deli Serdang, Karo (Mebidangro) Hatta Ridho1, M. Arif Nasution2, Subhilhar3, Muryanto Amin4 1,2,3,4 University of Sumatera, Indonesia [email protected], [email protected], [email protected], [email protected] Abstract Keywords institutional strengthening; Weak coordination can also be seen in the achievement of cooperation agreements between regions in the Mebidangro area. mebidangro; waste area For example, how the weak coordination between Pemko Medan and Pemko Deli Serdang resulted in the closure of the TPA Namo Bintang in Pancur Batu sub-district, even though Presidential Decree No. 62/2011 has designated TPA Namo Bintang together with TPAatuh in Medan Marelan as a garbage landfill for residents of Medan city. Weak coordination certainly requires institutional strengthening that can ensure synergy among government ranks in the Mebidangro area to be able to overcome problems faced together. This research was conducted in the Mebidangro area by using qualitative which focused on the problems that existed at the time of the research or the actual problems as well as the facts about the problems being investigated as they were, accompanied by sufficient rational interpretation. Data collection techniques through observation, interviews and limited group discussions. The character of the Mebidangro implementing organs has not shown an orderly working mechanism, where the two main components of the character of the implementing organs, namely the SOP and the division of tasks / authorities between the provincial government and district / city governments as well as between district / city governments throughout the Mebidangro region do not exist.
  • Constructing “Jalur Sutera” in Sumatera with Sumatera Trans Toll

    Constructing “Jalur Sutera” in Sumatera with Sumatera Trans Toll

    Constructing “Jalur Sutera” in Sumatera with Sumatera Trans Toll Jakarta, December 31, 2015 The Government has determined to construct connectivity inter province in Sumatera gradually with the road of Tol Trans Sumatera less than 2,600 km as totally estimated will take Rp 332 trillion. The determination of Government is contained in the Presidential Regulation Number 100 of 2014 concerning Acceleration for the Toll Road Development in Sumatera, in which the Government assigned PT Hutama Karya (Persero) to exploit the construction, operation and maintenance. There have been 24 sections assigned to PT Hutama Karya (Persero) in which for the first stage of PT Hutama Karya (Persero) shall be required to complete the construction of 8 sections at the latest end of 2019, namely Medan – Binjai, Palembang – Indralaya, Pekanbaru – Dumai, Bakauheni – Terbanggi Besar, Terbanggi Besar – Pematang Panggang, Pematang Panggang – Kayu Agung, Palembang – Tanjung Api-Api and Kisaran – Tebing Tinggi. The purposes underlying the development of Tol Trans Sumatera as expressed by President Joko Widodo upon the ground breaking in Palembang 1 in May 2015 such as improving the economy in Sumatera as Sumatera is the largest contributor of national PDB after Java island and during the latest years for the sufficient economy growth trend so that the supply of transportation infrastructure is expected to accelerate the economy growth. Line of Tol Trans Sumatera will stretch from Aceh province in the north end until the Lampung province in the end of south in Sumatera island and be expected to be road arterial of Sumatera economy. This line can be said such as the former Jalur Sutera to the connecting or road arterial of economy alongside 6,400km between Europe and East Asia.
  • Implementation of Tax Ownership to Taxpayers with the Principles of Justice

    Implementation of Tax Ownership to Taxpayers with the Principles of Justice

    Implementation of Tax Ownership to Taxpayers with the Principles of Justice Steffi Yellow, Ahmad Feri Tanjung, Marolop Butar-butar, Kartina Pakpahan, Elvira Fitriyani Pakpahan Magister of Laws, Universitas Prima Indonesia, Jl. Sekip simpang Sikambing, Medan, Indonesia Keywords: Tax hostage, taxpayers, justice. Abstract: Hostage-taking was an act of confiscation of the body against a taxpayer who does not carry out his obligations. It was necessary to pay attention to the regulation and the impact of the pressure that will arise from the hostage taking. Data collection techniques in the form of literature and interviews with government officials at the Directorate General of Taxes, KPP Pratama Binjai area. The data were analyzed qualitatively. Regulations for taking tax hostage against taxpayers with the principle of justice were regulated based on Law Number 19 of 2000. The mechanism for implementing tax hostage against taxpayers with the principle of justice at Binjai Pratama Tax Office was in accordance with existing regulations. KPP Pratama Binjai has provided leeway for tax bearers and passes the change of year. Efforts to increase compliance and awareness of taxpayers in carrying out tax obligations in the Binjai Pratama KPP area was to educate taxpayers at the time of administration, made NPWP. 1 INTRODUCTION are also used as a source of monetary and investment policies which have an impact on increasing In line with the increasingly active development economic growth, so that people's welfare was carried out, the greater the budget for financing state getting better. expenditures. For this reason, the government Based on the aforementioned provisions of requires a large enough fund to finance development Article 23 A, there are 2 (two) main elements activities that take place continuously and contained in taxes and other levies that are sustainably.
  • North Sumatra

    North Sumatra

    PROVINCE INFOGRAPHIC NORTH SUMATRA ACEH Langsa KOTA BARAT ACEH LAN GSA TEN GAH ACEH TIMU R Karang Baru Suka Makmue ACEH NAGAN TAMIANG Meulaboh RAYA GAYO LUES Blang Kejeren Kembar Stabat KOTA ACEH MEDAN Blangpidie BARAT The boundaries and names shown and the DAYA Binjai Medan SERDANG LANGKAT KOTA designations used on this map do not imply Medan BEDA GAI ACEH BINJAI official endorsement or acceptance by the Lubuk Sei Rampah SELATAN Kutacane Pakam Tebing KOTA United Nations. DELI Tinggi TEB INGTIN GGI ACEH SERDANG TEN GGARA Tapak BATU Tuan KARO Sibayak BARA Legend: Sinabung Limapuluh KOTA TANJUNGBALAI Administrative Boundary Kabanjahe Raya DAIRI Pematangsiantar Kisaran KOTA Tanjung Province Province Capital PEMATANGSIANTAR SIMA LUN GUN Balai Sidikalang District District Capital KOTA SUBU LUSSALAM SAMOSIR ASAH AN Subulussalam PAKPAK Pangururan Toba Transportation Population BARAT Population counts at 1km resolution Salak Aek Kanopan Toll road Sinabang ACEH TO BA LABUHANBATU SIN GKIL UTARA Primary road 0 HUMBANG SAMOSIR SIMEULU E Balige LABUHANBATU Secondary road 1 - 5 HASUNDUTAN Port 6 - 25 Singkil Dolok Sanggul Bagan Siapi-api TAPANULI Imun Airport 26 - 50 TENGAH TAPANULI Rantau LABUHANBATU Prapat UTARA Helatoba-Tarutung SELATAN 51 - 100 Tarutung Other 101 - 500 Kota Pinang 501 - 2,500 ROKAN Volcano KOTA TAPANULI HILIR Water/Lake 2,501 - 5,000 SIB OLGA SELATAN Sibolga PADANG 5,000 - 130,000 Pandan Sipirok Coastline/River Sibualbuali LAWAS UTARA Lubukraya KOTA Gunung Tua Lotu GUNUNGSITOLI NIAS Padang BENGKALIS UTARA Gunung Sitoli Sidempuan
  • Download Article

    Download Article

    Advances in Social Science, Education and Humanities Research (ASSEHR), volume 141 International Conference on Public Policy, Social Computing and Development 2017 (ICOPOSDev 2017) Implementing E-Public Service in North Sumatera: Prospects and Challenges Asima Yanty Siahaan Tunggul Sihombing Department of Public Administration Department of Public Administration University of Sumatera Utara University of Sumatera Utara Medan, Indonesia Medan, Indonesia [email protected] [email protected] Abstract—This article explores the implementation of e-public or is used to describe a new form of government built around service in Binjai city in North Sumatra by focusing on both the ICT. contributions of integrating ICT in public service delivery and institutional challenges facing the government of Binjai city in Thus, e-government is a capacity or power to change public improving the quality of public service delivery in Binjei city. It administration through the use of information and demonstrates the gap between the disposition of implementers communication telecommunications or is being used to and the provision of infrastructure, knowledge and capacity have describe a new form of government built on the use of significantly obstructed the achivement of local government in information and communication telecommunications. In the implementing various electronic based service delivery programs. early 1990s, various forms of service using e-government It recommends that intensive dissemination of information on the emerged in the service of citizens as well as the private sector. goals and processes of e-Musrenbang to all segments of the E-government is increasingly being used by developed and community is urgently required. developing countries as a strategy to improve public services since the 1990s.
  • Area Kota Rs / Klinik Alamat Telephone Fax Aceh Banda Aceh Cempaka Az Zahra, Rs Jl

    Area Kota Rs / Klinik Alamat Telephone Fax Aceh Banda Aceh Cempaka Az Zahra, Rs Jl

    AREA KOTA RS / KLINIK ALAMAT TELEPHONE FAX ACEH BANDA ACEH CEMPAKA AZ ZAHRA, RS JL. POCUT BAREN NO. 36-40 KP. LAKSANA BANDA ACEH +62651 310666 +62651 25281 ACEH BANDA ACEH PERTAMEDIKA UMMI ROSNATI, RS JL. SEKOLAH NO. 5 GAMPOENG ATEUK PAHLAWAN KEC. BAITURRAHMAN BANDA +62651ACEH 35092 +62651 35098 ACEH BANDA ACEH HARAPAN BUNDA BANDA ACEH, RS JL. TEUKU UMAR 181 BANDA ACEH +62651 48114 +62651 40856 ACEH BANDA ACEH TEUNGKU FAKINAH BANDA ACEH, RS JL. JEND. SUDIRMAN NO. 27-29 BANDA ACEH +62651 41454 +62651 42754 ACEH BIREUEN TELAGA BUNDA BIREUEN ACEH, RS JL. PETUA BANTA NO. 7 MEUNASAH BLANG BIREUN ACEH +62644 324433 +62644 324837 ACEH LHOKSEUMAWE ABBY, RSIA JL. TGK. CHIK DITIRO NO 28 LANCANG GARAM KEC. BANDA SAKTI KOTA LHOKSEUMAWE+62645 6500284 | +62823 61812838 BANGKA BELITUNG BANGKA TENGAH SILOAM HOSPITALS BANGKA BELITUNG JL. SOEKARNO HATTA KM 5 KAB BANGKA TENGAH BANGKA BELITUNG +62717 9190900 +62717 9190958 BANGKA BELITUNG BELITUNG UTAMA BELITUNG, RS JL. JEND SUDIRMAN KM. 03 RT 019 RW 008 LESUNG BATANG TANJUNGPANDANG+62719 BELITUNG 9222211 +62719 9222212 BANGKA BELITUNG PANGKALPINANG BHAKTI WARA PANGKALPINANG, RS JL. SOLIHIN GP NO. 180 PANGKALPINANG 33135 +62717 422605 +62717 424314 JAMBI JAMBI BAITURRAHIM JAMBI, RS JL PROF M. YAMIN, SH NO. 30 LEBAK BANDUNG JELUTUNG JAMBI +62741 35165 +62741 5911099 JAMBI JAMBI SILOAM HOSPITALS JAMBI JL. SOEKARNO HATTA PAALMERAH +62741 5919000 EXT 22303 | 22304 +62741 573238 JAMBI JAMBI ANNISA, RSIA JL. KABIA NO 4 RT 01 KEBUN HANDIL JELUTUNG JAMBI +62741 445226 +62741 444155 JAMBI JAMBI ST THERESIA JAMBI, RS JL DR SUTOMO NO. 19 JAMBI +62741 23119 +62741 20832 JAMBI JAMBI ARAFAH JAMBI, RSI JL MPU GANDRING NO.
  • PT Lippo Karawaci Tbk FY20 Results Presentation 11 May 2021 Shareholder Structure

    PT Lippo Karawaci Tbk FY20 Results Presentation 11 May 2021 Shareholder Structure

    PT Lippo Karawaci Tbk FY20 Results Presentation 11 May 2021 Shareholder Structure As of 30 December 2020 As of 31 December 2019 No. of No. of Change No. Description No. of Shares % No. of Shares % Investors Investors YTD (%) I. Domestic Insurance 24 1,049,803,440 1.5% 36 629,830,720 0.9% 66.7% Individual 20,166 2,885,379,262 4.1% 10,491 2,134,292,043 3.0% 35.2% Corporation 122 32,802,325,492 46.3% 155 33,642,920,062 47.5% -2.5% Foundation 2 332,500 0.0% 3 14,551,000 0.0% -97.7% Pension Fund 25 52,756,420 0.1% 30 115,585,460 0.2% -54.4% Others 53 219,789,584 0.3% 3 28,149,800 0.0% 680.8% Sub Total 20,392 37,010,386,698 52.2% 10,718 36,565,329,085 51.6% 1.2% II. International Retail 58 30,221,538 0.0% 57 58,961,538 0.1% -48.7% Institutional 253 33,857,410,133 47.8% 291 34,273,727,746 48.3% -1.2% Others - - 0.0% - - 0.0% Sub Total 311 33,887,631,671 47.8% 348 34,332,689,284 48.4% -1.3% Total 20,703 70,898,018,369 100.0% 11,066 70,898,018,369 100.0% 0.0% 2 Contents Business Model 04 - 06 Recent Developments 07 - 14 4Q20 Financial Data 16 - 36 Corporate Governance Initiatives 37 - 42 Subsidiaries 43 - 59 Meikarta 59 - 61 Corporate Data 62 - 65 Appendix 66 - 77 One of Indonesia’s largest integrated real estate developers One of the largest diversified publicly Market leader in property development, lifestyle listed property companies in Indonesia by total malls, and healthcare in Indonesia assets and revenue ◼ Ongoing development of 3 projects (1) with GFA of ◼ Total assets as of 4Q20: $3.71 billion approximately 175,000 sqm (1) ◼ 4Q20 revenue: $228 million ◼ Manage 56 malls with GFA of 3.5 million sqm ◼ 4Q20 Market capitalization: $956 million ◼ Network of 39 hospitals with 3,630 beds Large diversified land bank with 10 Nationwide platform with presence years + worth of development across 40 cities in the country ◼ 1,362 ha available across Indonesia, providing more than 10 years of development pipeline Growing through strategic Integrated business model with ability to partnership across integrated recycle capital.
  • Project Formation Study on Surabaya Toll Ring Road

    Project Formation Study on Surabaya Toll Ring Road

    PROJECT FORMATION STUDY ON SURABAYA TOLL RING ROAD CONSTRUCTION PROJECT Study Report March 2007 Engineering and Consulting Firms Association, Japan Nippon Koei Co., Ltd. This work was subsidized by Japan Keirin Association through its Promotion funds from KEIRIN RACE. Suramadu Bridge Madura Strait To Gresik N Tanjung Perak Port Surabaya - Gresik Waru(Aloha)-Wonokromo - Tj. Perak Juanda - Tj. Perak (SERR) SIER Surabaya - Mojokerto SS.Waru - Juanda To Mojokerto Juanda Intl. Airport Surabaya - Gempol t i Ceram a Jakarta r Sunda Bekasi S Tangerang Rangkasbitung Purwakarta Bogor n ebo Cianjur r Surabaya Ci Brebes PekalonganPemalang Semarang Pati Bandung Cimahi Purwodadi Madura Garut CiamisJAWA Salatiga Temanggung Purwokerto Madiun Jombang Madura Surait Kebumen Jogjakarta Pasuruan Marang Lumajang Banyuwangi SCALE 1:5,000,000 0 50 100 150 200 250 km 0 1000 2 000 3 000 4 000m 5 000m : in Operation : Under Construction : Negotiation for Signing of : Tender Preparation Consession Agreement LOCATION MAP SURABAYA TOLL RING ROAD CONSTRUCTION PROJECT Surabaya Toll Ring Road Construction Project Photos (1/2) Pic1. Suramadu Bridge(Perspective) Pic2. Suramadu Bridge Construction Site Pic3. Model for development plan of Suramadu Pic4. New Juanda Airport (Nov. 06 Open) Bridge Approach Area Pic5. Existing Tj. Perak Port March 2007 Surabaya Toll Ring Road Construction Project Photos (2/2) Pic6. Existing Toll Road (Surabaya - Gresik) Pic7. SS.Waru – Juanda Construction Site Pic8. SERR Proposed construction site Pic9. SERR Proposed construction site for Inter
  • Mapping Youth Radicalism and Socio-Religious Intolerance in Social Media

    Mapping Youth Radicalism and Socio-Religious Intolerance in Social Media

    Mapping Youth Radicalism and Socio-Religious Intolerance in Social Media Agussalim Burhanuddin1, Andi Ahmad Yani2, Amril Hans3, Andi Rahmat Hidayat4, Muhammad Pudail5 {[email protected], [email protected], [email protected], [email protected], [email protected]} Department of International Relations, Faculty of Social and Political Sciences, Hasanuddin University, Jl. Perintis Kemerdekaan KM. 10, Makassar 90245, Indonesia1 Department of Administrative Science, Faculty of Social and Political Sciences, Hasanuddin University, Jl. Perintis Kemerdekaan KM. 10, Makassar 90245, Indonesia 2,3,4 Lembaga Studi Kebijakan Publik (Institute for Public Policy Studies), Jl. Bougenville Raya No.9, Makassar 90233, Indonesia5 Abstract. This study is part of a two-years research on youth radicalisme and socio- religious intolerance in social media. It is aimed to map the aspects of radicalism and intolerance; and to assess the degree of radicalism and intolerance in the use of social media by young generation. The current result shows that there is strong correlation between youth attitudes in real and virtual worlds . In general young generation is relatively tolerant towards various social groups in both real life and cyberspace, with an exception to LGBT people. The study also reveals that discrimination against Chinese remain significant though not in majority among young Indonesians. Keywords: Youth Radicalisme, Socio-Religious Intolerance, Social Media. 1 Introduction Socio-religious intolerance and radicalism are arguably a real threat to the Indonesian people. This threat does not only exist in the real world but also in cyberspace. At present, social media is suspected to have become a means for the spread of radical and intolerant notions that make the younger generation as both actors and targets in the same time [1].
  • Download E-Brochure

    Download E-Brochure

    REVERSIBILITY INTO EMPTINESS The First in Indonesia. APARTMENT UNIT DESIGNED FOR EFFICIENCY & FLEXIBILITY. The Loggia introduces the Japanese living concept of “Reversibility into Emptiness.” Designed for maximum space efficiency, optimal organization and healthier lifestyle. 3 CHOICES OF UNIT PACKAGE LIMITED WHITE LABEL EDITION STANDARD UPGRADED Discover the freedom to design your Enjoy the extraordinarily spacious Fully-furnished package designed by own apartment unit! layout of Japanese concept apartment. award-winning Japanese Studio. INTERIOR PACKAGE Bare Unit Semi-Furnished unit Fully-Furnished unit by Atelier Bow-Wow LAYOUT Design-It-Yourself Layout Defined Layout by Atelier Bow-Wow Defined Layout by Atelier Bow-Wow FLOORING Bare Flooring Marble & Homogenous Tiles Marble & Homogenous Tiles KITCHEN n/a Franke or equiv. cooking hob, sink & hood. Toto or Franke or equiv. cooking hob, sink & hood. Toto or equiv. Mixer Tap. equiv. Mixer Tap. WARDROBE n/a Wardrobe installed (Master Bedroom) Wardrobe installed (All Bedrooms) BATHROOM Homogenous tile, Toto / equiv. sanitary wares Homogenous tile, Toto / equiv. sanitary wares Homogenous tile, Toto / equiv. sanitary wares CEILING Exposed Ceiling. Up to 3.3 m Gypsum board, emulsion paint finish. Gypsum board, emulsion paint finish. Height up to 3 m. Height up to 3 m. ADDITIONAL ITEMS AC, Smoke / Heat / Gas Detector provided. Hot AC, Smoke / Heat / Gas Detector installed. Hot AC, Smoke / Heat / Gas Detector installed. Hot water supply installed in all bathrooms. water supply installed in all bathrooms. water supply installed in all bathrooms. SAVE BIG! UP TO STARTS AT GET FULLY-FURNISHED WITH ONLY 20% OFF! 1.4 BILLION ADDITIONAL 10% LIMITED 1 WHITE LABEL EDITION UNLEASH YOUR CREATIVITY & BE YOUR OWN DESIGNER.
  • Laporan Tahunan | 2012 | Annual Report Penjelasan Tema | THEME EXPLANATION

    Laporan Tahunan | 2012 | Annual Report Penjelasan Tema | THEME EXPLANATION

    Laporan Tahunan | 2012 | Annual Report Penjelasan Tema | THEME EXPLANATION 50 Tahun Dari Sarinah Untuk Indonesia 50 YEARS FROM SARINAH FOR INDONESIA Dalam pengantar bukunya yang berjudul Sarinah, Soekarno menuliskan “Dari Mbok Sarinah, saya mendapat pelajaran mencintai 'orang kecil'. Ia orang kecil, tapi jiwanya selalu besar”. Sosok Mbok Sarinah yang merupakan pengasuh Presiden Soekarno telah memberikan warna dalam tonggak perjalanan Sarinah sebagai sebuah Perusahaan. Sarinah merupakan Department Store pertama Indonesia yang didirikan saat ekonomi Indonesia sedang runtuh di tahun 1959. Daya beli lemah, taraf hidup merosot sampai level terendah. Ketika Sarinah didirikan, Sarinah memiliki fasilitas tercanggih di zamannya. Dalam perjalanannya, Sarinah menghadapi berbagai tantangan, namun Sarinah tetap bertahan dan tidak jatuh. Berbagai tantangan tersebut dibenahi dan Sarinah pun kembali cantik. Kini…… Di usia yang mencapai 50 Tahun, Sarinah terus tumbuh dan berkembang dalam memberikan pelayanan serta mewarnai Indonesia. Di usia yang mencapai 50 tahun, Sarinah bukanlah terpaku mengenang masa lalu, akan tetapi menghormati mereka yang telah menjadi bagian dari masa lalu, dan yang akan datang. Di usia yang mencapai 50 tahun, Sarinah terus berbenah untuk menjadi profesional. Tetap tampil percaya diri, Sarinah tidak berada dalam arus besar dunia kapital. Sarinah tetap mempunyai arus sendiri. Menjadi Sarinah yang tetap memihak “orang kecil” dengan cara yang berbeda. Sarinah terus melangkah maju menuju era baru, melakukan upaya perubahan, sebuah transformasi menuju pertumbuhan jangka panjang yang berkesinambungan. Sarinah berkeinginan menjadi Great Company yang mengutamakan kualitas pelayanan serta dikelola oleh sumber daya manusia yang profesional sehingga memiliki makna di masyarakat untuk mendorong kinerja perusahaan secara berkesinambungan. Di usia Emas Sarinah, perjalanan belum akan berakhir dan tak mengenal kata akhir.
  • PT Lippo Karawaci Tbk 2Q21 Results Presentation 3 August 2021 Shareholder Structure

    PT Lippo Karawaci Tbk 2Q21 Results Presentation 3 August 2021 Shareholder Structure

    PT Lippo Karawaci Tbk 2Q21 Results Presentation 3 August 2021 Shareholder Structure As of 30 June 2021 As of 31 December 2020 No. of No. of Change Description No. of Shares % No. of Shares % Investors Investors YTD (%) Domestic Insurance 27 1,178,323,640 1.7% 24 1,049,803,440 1.5% 12.2% Individual 18,825 3,091,391,238 4.4% 20,166 2,885,379,262 4.1% 7.1% Corporation 144 33,193,349,402 46.8% 122 32,802,325,492 46.3% 1.2% Foundation 2 332,500 0.0% 2 332,500 0.0% 0.0% Pension Fund 24 48,710,390 0.1% 25 52,756,420 0.1% -7.7% Others 2 460,000 0.0% 53 219,789,584 0.3% -99.8% Sub Total 19,024 37,512,567,170 52.9% 20,392 37,010,386,698 52.2% 1.4% International Retail 63 22,698,738 0.0% 58 30,221,538 0.0% -24.9% Institutional 249 33,362,752,461 47.1% 253 33,857,410,133 47.8% -1.5% Others - - 0.0% - - 0.0% Sub Total 312 33,385,451,199 47.1% 311 33,887,631,671 47.8% -1.5% Total 19,336 70,898,018,369 100.0% 20,703 70,898,018,369 100.0% 0.0% 2 Contents Business Model 04 - 06 Recent Developments 07 - 16 1H21 Financial Data 17 - 36 Corporate Governance Initiatives 37 - 42 Subsidiaries 43 - 50 Meikarta 51 - 53 Corporate Data 54 - 57 Appendix 58 - 69 One of Indonesia’s largest integrated real estate developers One of the largest diversified Market leader in property, malls, and property companies in Indonesia healthcare in Indonesia by total assets and revenue ◼ Ongoing development of 7 projects (1) with GFA of approximately 371,878 sqm ◼ Total assets as of 1H21: $4.39 billion ◼ Manage 55 malls with GFA of 3.5 million sqm(1) ◼ 1H21 revenue: $497 million ◼ Network of 40 hospitals with 3,726 beds ◼ 1H21 Market capitalization: $716 million Large diversified land bank with 10 Nationwide platform with presence years + worth of development across 40 cities in the country ◼ 1,362 ha available across Indonesia, providing more than 10 years of development pipeline Growing through strategic Integrated business model with ability partnership across integrated to recycle capital.