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KJPP PANGALOAN-PROPERTY APPRAISAL-CONSULTANT 

Registered license in
Finance Minister of Indonesia No. 3.09.0019

Valuer in Indonesia Capital Market listed
Mining & property expertise like Office, Apartment, Shopping/Mall, Hotel, etc

Phone: +62 21 71695972, +62 817 0700086, kjpppangaloan@yahoo.com

SERVICES: ASSET VALUTION, ASSET REVALUTION, INVESTMENT APPRAISAL, HIGHEST & BEST USE ANALYSIS, MARKETABILITY STUDY & ANALYSIS,FINANCIAL & INVESTMENT ANALYSIS

19.10.09

Beli Perkebunan Kelapa Sawit dibutuhkan penilai publik

Pada masa kini, kemungkinan kebun kelapa sawit marak diperdagangkan di Indonesia, Calon pembeli kebanyakan dari luar negeri, ya mereka lewat pembelian saham di Bursa. Misalnya di Bursa Efek Jakarta, Atau bursa lainnya.

Diperkirakan Pada akhir tahun ini,  sampai  dengan juni 2010, transaksi perkebunan kelapa sawit kemungkinan akan semakin marak. Di sisi penjual, memang mereka kesulitan cashflow: untuk memenuhi biaya perawatan kebun, harga pupuk yang tetap tinggi, biaya overhead yang naik kemungkinan 10-15%, sehingga para pengusaha berusaha menjual asetnya atau perusahaannya. Atau malah mereka akan beralih bisnis utamanya, karena menurut pandangan mereka, harga Tandan Buah Segar (TBS) Rp. 1.800,- s/d 2.300,-  per kg seperti pertengahan tahun 2008, akan sulit dicapai pada lima sampai yang akan datang. Apakah memang demikian? Hal ini membutuhkan analisis persaingan dan kebutuhan CPO di masa yang akan datang.

Sementara itu, di sisi Investor, Mereka mengantisipasi akan kebutuhan CPO yang cukup tinggi pada lima tahun mendatang. Tandan Buah Segar (TBS) yang merupakan bahan baku  CPO adalah sumber daya yang dapat diperbaharui dan sifatnya akan habis (merupakan kebutuhan, consumer goods). Bila diamati akan kenaikan harga Minyak dunia, bukan tidak mungkin permintaan CPO akan meningkat dan harganya akan lumayan membaik (ini perlu kajian dan analisis lebih lanjut)

Menurut pendapat saya: Kemungkinan Investor asing, akan melirik bisnis perkebunan kelapa sawit semakin kuat. Terutama pada tanaman kelapa sawit yang sudah menghasilkan (TM) anatara 6-10 tahun. Selain kebutuhan dalam negeri indonesia yang semakin meningkat, kebutuhan akan duniapun meningkat. Dan perusahaan yang akan membeli adalah dengan ciri, memiliki dana yang cukup tinggi saat ini, namun usaha bisnis utamanya sedikit mengalami penurunan (akibat efek bisnis globalisasi), sehingga mereka akan mengalihkan sebagian dananya untuk melakukan pembelian perkebunan kelapa sawit. 

Jangan lupa agar pembeli Lahan kelapa sawit perlu menggunakan konsultan independen, misalnya penilai perkebunan/properti dan konsultan hukum dalam melakukan pemeriksaan atas aset kebun yang akan di beli. Karena permasalahan sosial terutama penguasaan lahan perlu mendapat perhatian. Jadi,  beli Perkebunan Kelapa Sawit membutuhkan penilai publik, misalnya penilai properti/kebun terdaftar di Bapepam atau Depkeu

Seperti yang saya sampaikan sebelumnya, Dalam tulisan saya, ” Bisnis perkebunan kelapa sawit masih menjanjikan” dalam: http://marketvaluer.blogspot.com/2009/09/bisnis-perkebunan-kelapa-sawit-masih.html

Catatan: Pendapat dan tulisan ini, hanya berdasarkan pengamatan saya sebagai penulis di blog ini, semoga para pembaca mendapat tambahan informasi). 

17.10.09

some notes investment prospects Indonesia

Indonesia's economic prospects in the next five years is expected to recover in line with the global economic recovery in the past few days. Prospects of Indonesia's economy is also determined by the future government policies, particularly in infrastructure and a supportive investment climate. World Bank estimates that Indonesia's economic growth in 2009 will reach 4.3 percent. Year growth in 2010 is estimated to increase to 5.4 percent and by 2011 will reach 6 percent to 6.5 percent. The main drivers of growth in Indonesia in 2009 is estimated to come from domestic demand, and the global economic recovery. The next year, growth will have accelerated again supported by strong investment, and ease the credit acquisition and increased investor confidence than this year. 2011 years, estimated the world economy began to approach levels more normal growth that encourages economic growth in Indonesia to achieve an annual 6 percent to 6.5 percent.

German businessmen interested to invest in Indonesia in bio energy development efforts more emphasis on environmentally friendly industry. 90 years of German had been in a position to third with a total investment of 1.3 billion dollars. German investment prospects in Indonesia is very good because Germany has a high technology that can be used by Indonesia. Foreign Direct Investment (FDI) Index position in 2007 Indonesia ranked top 21 in Poland, Central Asia, South Korea and the Czech Republic. Foreign investment in Indonesia rose 73.19 percent from 5.97 billion U.S. dollars in 2006 to 10.34 billion U.S. dollars in 2007. While domestic investment rose 67.80 percent from 2.31 billion U.S. dollars to 3.87 billion U.S. dollars. Realized investment January-June 2008 amounted to 11.32 billion U.S. dollars, rose by 56.2 percent. He said the overall economic performance in the first half of 2008 showed growth of 6.4 percent the highest number since the crisis. Meanwhile, foreign exchange reserves today are the highest level in the history of Indonesia, which reached 60 billion U.S. dollars.

Saudi Arabian Telecom Investment in Indonesia worth one billion U.S. dollars in the field of mobile phone operators will trigger investment from countries in other Middle East to Indonesia. This investment is expected to continue to grow so trigger-state investments other Middle Eastern countries for troop coming to Indonesia. With the phone tariff of Rp 60 per minute and Rp. 600 to other operators, it can be more competitive. As for tariff brief counter messages (SMS) rates are also determined to Rp 60. With Base Transceiver (BTS) reached 3,700 units, will reach all areas in Indonesia

PT Manulife Aset Manajemen Indonesia (MAMI) targeted to obtain funds under management Rp. 100 billion this year on launching Sectoral Amanah Syariah Mutual Fund. In his press conference in Jakarta, said that until now the company has funds under management reached Rp. 17 trillion. Of that amount, Rp. 4.5 trillion of mutual funds and the rest is discreation fund (investment management financial management). This year the company expected the funds under management will grow about 20 to 25 percent, including the launch of this Islamic mutual funds. The purpose of this fund into stocks, particularly shares in accordance with Islamic principles and the company that owns both the Indonesia Stock Exchange (IDX), have a good performance prospects in Indonesia and the global economy and have long-term investment performance.

Source: http://www.kompas[dot]com

10.10.09

Indonesia tourism options

Indonesia tourism options. Indonesia is a rich country. Not only rich in natural resources, but also rich in the variety of cultural and natural scenery. However, much natural beauty and unique traditions that have not been unpublished Indonesia  widely internationally. Shareholders targets 6.5 million tourists will visit in 2009 in the framework of Visit Indonesia Year. Currently, tourists to Indonesia  had 4 million more people.

Makassar Losari icon Visit the town with the first ranking of tourist visits during 2009. "Within the city of Makassar in 2009's destinations (goals) of the foreign tourists and the archipelago. With the number of visitors who stop at Makassar around 6,000 people. With that amount, he added, was ranked one of Makassar in Indonesia, with percentages around 65 percent followed by the city of Minangkabau in second place with 63 percent followed by the percentage of Kuantan with 56 persen.Kita expect the Government to Makassar city known as 'Anging Mammiri' can be a world city. According to him, Makassar is also a charming town has a tourist destination than Losari Beach pavilion. Among other Fort Fort Rotterdam in the middle of the city and a symbol of Dutch colonial heritage in the sixteenth century. Losari Beach  pavilion addition we have the Fort Fort Rotterdam, the port Paotere, the tomb of Joseph and Trans Syech studio became a magnet for foreign tourists is the biggest indoor theme park in world.

The arrival of foreign tourists to Bali during the January-Augusts 2009 recorded 1,464,738 people or 12.8 percent increase compared to same period in 2008 recorded 1,296,046 people. That means the international community that comes directly from his country to the island resort is not affected terrorism in Indonesia. To all the tourists who will visit the island of Bali to always use the hotel services which have safety certificates and safety standardization or use the "travel agent" is authorized, and if you can use the hotel stay certified.

Lake Toba party will feature a variety of cultural attractions, in addition will also hold a variety of traditional sports event. In this scene will appear, among others, performances of traditional dance and costumes, special dance performances of dance Batak tor-mentor and a number of races, such as fishing and swimming competitions in Lake Toba. Vocal competition bringing a group with local songs and many other activities, including the appearance of a number of cultural attractions other regions outside of North Sumatra, which in turn was expected to attract tourists to attend. May First to Exciting Lake Toba, North Sumatra Tourism in an effort to improve the regional economy "was designed to highlight local culture and empowerment of local economic potential that will benefit the local community welfare

29.9.09

World Association of Valuation Organisations (WAVO)

WAVO (World Association of Valuation Organisations)

World Association of Valuation Organisations (WAVO) is a body which brings together professional property valuation organisations that represent valuers and related property consultants employed in private practice, business and industry, the public sector, and education, as well as some specialized groups that interface frequently with the profession. Member country associations include SISV (Singapore), API (Australia), AIC (Canada), ANEVAR (Romania), AI (United States), CAS (China), CIREA (China), CNG (Italy), HKIS (Hong Kong), KAB (Korea), PINZ (New Zealand), RERA (Dubai), RICS (United Kingdom),  IACVA (Canada), IGAV (India), KAPA (Korea) and VVA (Vietnam).

WAVO is establishing a business valuation network. Any practising valuer and appraiser as well as valuation instructor who is keen to discuss with each other on business valuation is welcome to participate.If you interest in other network, for example, specialised valuation, plant & machinery valuation, etc. please feel free to contact us. Contact: info@wavoglobal.org

Publications – Articles in  WAVO

Settling rental (and other retail lease) disputes by Expert Determination - Don E Gilbert ( Australia)

Merit Practice Paper (2nd WAVO Congress & Valuation Forum, 2007, Beijing, PRC)

Impact of Macro Economic Indicators on House Prices Performance -Faziah Abd Rasid ( Malaysia)

Merit Research Paper (2nd WAVO Congress & Valuation Forum, 2007, Beijing,PRC)

Roles and Responsibilities of Valuers - Alan A Hyam Oam ( Australia)

Merit Award Practice Paper (1st WAVO Congress & Valuation Forum, 2006, Singapore)

Professional Ethics - Duncan Preston ( UK)

Merit Award Practice Paper (1st WAVO Congress & Valuation Forum, 2006, Singapore)

The Application Practice of Income Approach in Business Valuation in China - Zhao Qiang (P.R.C)

Merit Award Practice Paper (1st WAVO Congress & Valuation Forum, 2006, Singapore)

Intangible Assets Analysis and Valuation - Dr Ion Anghel ( Romania)

Merit Award Research Paper (1st WAVO Congress & Valuation Forum, 2006, Singapore)

Extraction of Land Value from the Property Price - Can We Separate the Inseparable? - Dr Tzu-Chin Lin ( Taiwan, China)

Merit Award Research Paper (1st WAVO Congress & Valuation Forum, 2006, Singapore)

The Financial Reports and the Enterprises Appraisal - Prof Horia Cristea and Prof Alexandra Buglea, Romania

Merit Award Research Paper (3rd WAVO Valuation Congress, 2008, Bucharest, Romania)

Iiquid Stocks Control Premiums Study : Evidence from China - Yan Shaobing, China

Merit Award Research Paper (3rd WAVO Valuation Congress, 2008, Bucharest, Romania)

Coherence between concepts and methodologies of valuation  - the direction of improvement for valuation standards - Sorin Stan, Romania

Merit Award Practice Paper (3rd WAVO Valuation Congress, 2008, Bucharest, Romania)

A Linear Regression Model for Real Estate Appraisal - A/P Ciprian Sipos & Adrian Crivii, Romania

Merit Award Practice Paper (3rd WAVO Valuation Congress, 2008, Bucharest, Romania)

4TH WAVO VALUATION CONGRESS
Financial Market Security and the Valuation Profession
23-26 November 2009

Guilin, Guang Xi

People’s Republic of China

 For:

Congress Flyer

Congress Registration Form

Hotel Reservation From

Look in wavoglobal

Source: http://wavoglobal.org/index.asp

28.9.09

Sample: Declaration of free conflicts of Interest in report valuation

Some times we need do Declaration of free conflicts of Interest in report like this: KJPP pangaloan (Company Valuer), address at Jl. maharta, Central Jakarta, in this case represented by Mr. pangaloan, MAPPI (cert) as the Managing Director of, and therefore legitimate and authorized to act for and on behalf of and represent PT XXX, (hereinafter referred to as "Service Provider Evaluation") has been appointed by PT. XYZ (Persero) (hereinafter "Assessment Service Recipient") under the Service Contract Agreement 079/P-15/VI/2009 Tax Assessment dated June 20, 2009 (hereinafter referred to as "Assessment Services Agreement") to assist PT XXX in doing work , in connection with this assessment Serviced declare things as follows;  

Valuation Service Provider, representative or human resources ( "HR") Valuation Service Provider has no conflict of interest referred to in the form below: 

the relationship of economic interests directly, contact the association or other relationship (including family relationships) related to the scope of work in accordance with the Assessment Services Contract Agreement;

the relationship of economic interests that are not directly related to the implementation of the material duties under this Agreement Evaluation Services Contract;

Valuation Service Provider and Service Provider Valuation HR is not involved in activities that potentially or directly cause conflicts of interest during the period of assignment, and after two years of completion of assignment except with the permission of PT XYZ;

Assessment of the Serviced hereby agrees that in the event of a conflict of interest as mentioned above, the PT XYZ entitled to terminate this Agreement and Contract Service Provider Valuer assessment fully responsible for the legal consequences that happen as well as provide compensation if the result of a conflict of interest is detrimental PT XYZ nor any other party.

This statement is made and signed on June 25, 2009 by the legitimate representatives of the Valuation Service Provider

26.9.09

Latest information News Release from IVSC

Latest information News Release from IVSC 

INTERNATIONAL VALUATION STANDARDS COUNCIL APPOINTED TO THE CONSULTATIVE ADVISORY GROUP OF THE INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD

The Public Interest Oversight Board (PIOB) of the International Federation of Accountants (IFAC) has approved the appointment of the International Valuation Standards Council (IVSC) as a member organization of the Consultative Advisory Group (CAG) of a key international global standard setter – the International Auditing and Assurance Standards Board (IAASB).  Next....

FOR IMMEDIATE RELEASE 2 SEPTEMBER 2009

Source: http://www.ivsc.org/news/nr/2009/nr090902.html


THE INTERNATIONAL FEDERATION OF ACCOUNTANTS AND INTERNATIONAL VALUATION STANDARDS COUNCIL TO COLLABORATE ON IMPROVING GLOBAL VALUATION CONSISTENCY

The International Federation of Accountants (IFAC) and the International Valuation Standards Council (IVSC) have signed a memorandum of understanding designed to enhance their respective impact on issues surrounding valuations—particularly those related to improving the consistency of global valuation standards affecting the preparation and audits of financial reports. Michel Prada, Chairman of the Board of Trustees for the IVSC, states, “Valuation standards, coupled with clear accounting and auditing principles, are key to the efficiency of the global market economy. This Memorandum of Understanding demonstrates the cohesive and united approach of the IVSC, IFAC and International Auditing and Assurance Standards Board (IAASB) to maintaining standards as global markets continue to develop.”

“The current economic crisis has highlighted the challenges associated with the valuation of assets and liabilities by both preparers and auditors,” says Bob Bunting, President of IFAC. “I am delighted that our two organizations will seek ways in which we can work together in serving the public interest. As a first step, I am encouraged that IVSC will appoint a representative to serve on the consultative advisory group of the IAASB, which works to strengthen public confidence in the auditing profession by establishing high-quality, global auditing, assurance, quality control and related services. I look forward to developing other areas of collaboration with IVSC in the coming months.”

FOR IMMEDIATE RELEASE 8 SEPTEMBER 2009


For press enquiries please contact:
Joanna Tudor, Spada
Joanna.Tudor@spada.co.uk
Tel: +44 (0)20 7269 1430

For further information on the IVSC please contact:
Marianne Tissier, IVSC
mtissier@ivsc.org
Tel: +44 (0)1442 879 306



23.9.09

Bisnis perkebunan kelapa sawit masih menjanjikan

Bisnis perkebunan kelapa sawit masih pada relnya atau masih menjanjikan sungguhpun pada tahun 2008,  Kinerja subsektor perkebunan masih mengalami perlambatan yang cukup tajam. Subsektor perkebunan mengalami kontraksi sebesar -0,08%. Hal ini tercermin dari menurunnya ekspor komoditas perkebunan baik CPO maupun karet. Penurunan permintaan dan harga komoditas membuat produksi subsektor ini melorot tajam. Pada tingkat perusahaan, nilai penjualan dan volume produksi CPO PT Bakrie Sumatera Plantation yang sebagian produksinya dihasilkan dari Kabupaten Pasaman Barat menunjukkan penurunan sejak awal triwulan III-2008.

Semakin tajamnya kontraksi subsektor perkebunan ini lebih disebabkan tingginya pertumbuhan pada periode yang sama tahun lalu. Perusahaan perkebunan melakukan berbagai efisiensi untuk mengatasi penurunan produksi seperti melakukan pengurangan pemupukan untuk kebun-kebun yang sudah mature, mengurangi impor pupuk yang merupakan komponen biaya tertinggi, serta menunda pelaksanaan investasi untuk sementara

Ekonomi Global

Kondisi perbaikan ekonomi Amerika Serikat juga memiliki pengaruh yang cukup signifikan dalam perbaikan perekonomian global. Bila strategi dari pemerintahan obama berjalan dengan baik dalam memulihkan perekonomian AS, bukan tidak mungkin meningkatkan permintaan energi global dan akan kembali meningkatkan harga komoditas, khususnya CPO

Penurunan BI Rate

Perbankan umum masih menerapkan suku bunga kredit yang tinggi meskipun BI-rate berada pada arah yang terus menurun. Perbankan menikmati margin keuntungan cukup tinggi dari besarnya spread antara suku bunga kredit dengan suku bunga tabungan dan deposito. Pada posisi triwulan II-2009 dibandingkan posisi akhir tahun 2008, BI-rate telah terpangkas sebesar 225 bps menjadi berada pada posisi 7,00%. Namun demikian, suku bunga kredit masih kurang responsif terhadap penurunan BI-rate dengan bergerak pada kisaran 13-17%.

Di sisi lain, suku bunga tabungan dan deposito lebih fleksibel dan responsif menyesuaikan penurunan BI-rate. Suku bunga tabungan pada triwulan II-2009 sudah berada pada kisaran 3,00-3,50%, sedangkan suku bunga deposito 1 bulan berada pada kisaran 8,50-9,00%. Dengan demikian, meskipun suku bunga acuan BI-rate berpotensi menurun seiring dengan tekanan inflasi yang semakin rendah, secara umum kondisi ini masih dapat dihadapi oleh perbankan umum. Potensi risiko yang dihadapi hanya relatif berkurangnya margin keuntungan yang diperoleh bank-bank umum.

Investasi Kebun Kelapa Sawit

Memasuki pertengahan tahun 2009, beberapa perusahaan kembali optimis terhadap perkembangan krisis perekonomian global yang diperkirakan telah mencapai dasar dan mulai menunjukkan pembalikan (recovery). Beberapa perusahaan perkebunan di Sumatera, termasuk PT Bakrie Sumatera Plantation di Sumbar, mulai merencanakan belanja investasi yang mayoritas bersumber dari kas internal. Hal ini mengindikasikan bahwa kondisi keuangan perusahaan perkebunan masih cukup baik meski harga komoditas sempat jatuh.

Harga CPO

Harga CPO internasional yang membaik memicu kenaikan harga minyak goreng di dalam negeri. Membaiknya harga ini dipicu oleh kenaikan harga minyak mentah yang saat ini menyentuh harga USD 72,45 per barel. Ditambah lagi pasokan kacang kedelai sebagai substitusi CPO dalam bahan baku biofuel diprediksi juga semakin berkurang (Bisnis Indonesia, 12 Juni 2009). Peningkatan harga CPO internasional juga memicu fluktuasi peningkatan harga minyak goreng dalam negeri. Membaiknya harga CPO ini mengakibatkan produsen kelapa sawit lebih memilih untuk mengekspor pasokan ke luar negeri. Produsen semakin gencar untuk melakukan ekspor dengan adanya kebijakan dari negara-negara importir seperti India yang menerapkan bea masuk rendah bagi CPO. Harga minyak goreng curah pada minggu ke-tiga bulan Juni 2009 menunjukkan harga pada kisaran Rp 8.800 -Rp. 9.000 per liter.

Di pasar internasional, harga CPO dan karet masih fluktuatif terkait dengan harga minyak internasional yang tidak stabil dan menunjukkan adanya gejala penurunan. Sejumlah perusahaan perkebunan memutuskan untuk melakukan efisiensi terkait dengan harga CPO yang melorot dibandingkan tahun lalu. Perusahaan perkebunan diperkirakan akan menahan ekspansi produksi, dan lebih terfokus pada pemeliharaan perkebunan yang sudah ada.

PUBLIC VALUER PANGALOAN

PROPERTY APPRAISAL-CONSULTANT 

Registered license in
Finance Minister of Indonesia No. 3.09.0019

Valuer in Indonesia Capital Market listed

Mining & property expertise

Phone: +62 21 71695972, +62 817 0700086; kjpppangaloan@yahoo.com

SERVICES: ASSET VALUTION, ASSET REVALUTION, INVESTMENT APPRAISAL, HIGHEST & BEST USE ANALYSIS, MARKETABILITY STUDY & ANALYSIS,FINANCIAL & INVESTMENT ANALYSIS