Feature news

Indonesian Motorcycle Association (IMI) Card Owners Get Accident Protection from Sinar Mas Insurance

Chairman of the Indonesian Motor Association (IMI) Bambang Soesatyo together with the Director of PT Asuransi Sinar Mas Marten Lalamentik signed a Cooperation Agreement on the Simas Personal Accident Program.
permanent disability due to acceleration accidents, reimbursement of hospital/medical costs due to traffic accidents and accidents while participating in circuit competitions, touring, or doing hobbies with a high level of risk. Also giving condolences to the heirs if the owner of the KTA IMI dies. Bamsoet, Bambang's nickname, stated that IMI realizes that not all members can fulfill their personal accident insurance needs. So IMI helps make it easier. With this step, every KTA IMI holder is guaranteed to be protected by insurance. “Thus, it can help if something unexpected happens, such as an accident. Likewise, if there is a death, insurance can help ease the economic burden on the family left behind," said Bamsoet, after signing the agreement, in Jakarta,

|•SOURCE•| Image :REPUBLIKA |

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Sinar Mas Insurance Issuers (LIFE) to AMAG Reap Blessings, Positive First Quarter/2021 Performance

A number of insurance issuers posted positive performance in the first quarter of 2021 in line with improving economic conditions.
Most issuers posted growth in premiums, profits and assets, with claims that mostly declined. Based on data from the Indonesia Stock Exchange (IDX) and information on the official website of each company, as many as 13 insurance issuers have published their financial statements for the first quarter of 2021. Meanwhile, the total insurance issuers reached 15 companies consisting of 13 general insurance, one conventional life insurance, one sharia life insurance, and one reinsurance. From all published reports, Bisnis noted that there were 9 issuers that recorded premium growth during the first quarter of 2021. PT Asuransi Jiwa Sinarmas MSIG Tbk. (LIFE) received the highest premium of IDR 1.2 trillion, while recording the highest growth of 93.8 percent (year-on-year / yoy) from the previous IDR 628.8 billion. There are four issuers that posted a slowdown in premiums, all of which are general insurance companies. Even so, other general insurance companies managed to maintain their premium performance in the first quarter of this year, even some recorded significant growth.

|•SOURCE•| Image :INFO BANK NEWS |

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Residents' Land in Momugo Village Burns, APP Sinar Mas Deploys Water Bombing Heli

Karhutla (forest and land fires) again occurred on community land in Momugo Village, Tanah Putih District, Rokan Hilir Regency, Riau Province.
You can see a white helicopter carrying a bucket (water bag) flying through the air over Momugo Village, Tanah Putih District, Rokal Hilir Regency at around 16.00 WIB, after being traced to the community officials from Momugo Village and Rantau Bais. It is true that the helicopter belonging to APP Sinar Mas is helping to extinguish Karhutla (Forest and Land Fires) on community-owned land, precisely at the coordinates: 1. 32'49" ; 101. 15' 33”, 22.9m. "The fire occurred yesterday that the land burned was approximately 2 hectares, and we can immediately and coordinate the team in the field between PT Arara Abadi's RPK (Fire Team) and the community and MPA (Fire Care Community), we can extinguish the fire," added Babinsa Momugo Pelda E. Ancient. He also expressed his frustration regarding the community still clearing land by burning. Priyo as Fire Operations Management (FOM) Head, accompanied by Decha.AFHane Coordinator as Planning for Handling Forest and Land Fires at PT Arara Abadi-APP Sinar Mas said, "Because it has become a commitment from PT Arara Abadi-APP Sinar Mas to help extinguish forest and land fires on the bumper. The radius (limit) is 5 KM outside our concession, so we check the certainty through the company's Fire Integrated Management (FIM) monitoring system to calculate the distance so that the distribution of personnel and equipment is effective and efficient."

|•SOURCE•| Image :INFO PUBLIK |

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PT Sinar Mas Agro Resources and Technology Tbk Drives Biodiesel Line

PT Sinar Mas Agro Resources and Technology Tbk. will increase the capacity of the biodiesel plant with a capital expenditure allocation of Rp360 billion.
Jimmy Pramono, Deputy Director of Sinar Mas Agro Resources and Technology, said that the company is optimistic about the prospect of crude palm oil prices. This is in line with the limited supply of global vegetable oil which is affected by dry weather conditions in South America and other parts of the world. The company hopes that the price of crude palm oil (CPO) can move in the range of US1,000 to US$1,100 per ton in 2021. "We are targeting production, profit and sales growth in the range of 8%," he explained. On the expansion side, the issuer with the stock code SMAR has prepared a number of business developments to improve the company's financial performance. One of the efforts made by SMAR is to increase the capacity of the biodiesel plant in Tarjun, South Kalimantan. Along with these efforts, SMAR has prepared a capital expenditure (capex) budget of IDR 1.2 trillion. In detail, as much as Rp. 400 billion will be used in the plantation or upstream sector. "Meanwhile, the remaining Rp800 billion is allocated for the company's downstream business unit, including the development of a biodiesel factory," he explained, Tuesday (15/6). Of this amount, capex funds of Rp360 billion have been specifically allocated to increase the capacity of the biodiesel plant. Director of Sinar Mas Agro Resources and Technology Gianto Widjadja added that the progress of developing a biodiesel plant in Tarjun has now reached 40 percent. The company targets the plant to be fully operational in 2022. "For the biodiesel plant, we estimate the completion target in the second half of 2022," he said.

|•SOURCE•| Image :BERITA SATU |

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Temporarily Stop One Batch AstraZeneca

The government temporarily suspended the distribution and use of the AstraZeneca vaccine batch (production batch) coded CTMAV547.
The Food and Drug Supervisory Agency (BPOM) will test the toxicity and sterility of this vaccine. "This is a precautionary measure by the government to ensure the safety of this vaccine," said the Ministry of Health's vaccination spokeswoman, Siti Nadia Tarmizi, yesterday. He added, all AstraZeneca batch vaccines outside of CTMAV547 can be used and continue to be distributed to the public. Toxicity is the property of a substance to cause damage when exposed to an organism's structure, such as a cell or organ. Meanwhile, sterility is tested to determine whether the vaccine given is clean from germs or other micro-organisms. The cessation of the use of the AstraZeneca vaccine with the code CTMAV547 was forgotten after reports of the death of Trio Fauqi Virdaus, a resident of Buaran, Duren Sawit, East Jakarta. The trio were said to have had a fever after receiving the vaccine on May 6. His condition was brought and still had a fever, then he went to the hospital. However, after being treated for a while, Trio was declared dead at around 12.30 WIB. The National Commission for Post-Immunization Adverse Events (KIPI) wrote to BPOM regarding the Trio incident on 10 May. Komnas KIPI stated that it had not received enough evidence for the death of the young man from Jakarta with the Covid-19 vaccination. Based on Komnas KIPI data, to date, there has never been an incident of people dying from the Covid-19 vaccination in Indonesia.

|•SOURCE•| Image :LINE TODAY |

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Startup Megamerger: Goto Domination Test

The mega-merger between PT Application Karya Anak Bangsa or Gojek and PT Tokopedia,
nicknamed GoTo, will pave the way for the ambitions of the two companies to be listed on the stock exchange, as well as confirm their dominance in the country's digital ecosystem. The biggest challenge is not because of financial matters, but precisely when this initial stock has the potential to become a bone of contention for many parties. Head of Regulation and Government of the Indonesian Digital Empowering Community (IDIEC) Ardian Asmar assessed that financially, GoTo's initial public offering (IPO) did not have significant obstacles. The investors behind the two companies have jumbo capital. He even suspected that when the IPO was carried out there would be an oversubscription or oversubscription. However, according to him, this is precisely what small-scale investors need to be wary of. “My guess is that those who bought it were the same. Be careful for small and medium class investors whose analysis is not strong," said Ardian. In addition, GoTo still needs to prove to the public that the company really has a good performance. The reason is that both Gojek and Tokopedia are known as companies that fight in the area that prioritizes the action of 'burning money'. The significant growth in the number of users as a result of excessive promotion is still a burden for the company. "Not to mention talking from the marketing side which is too big. The first Gojek user immediately gets IDR 50,000, who pays?" said Ardian. As reported by Bloomberg, if the process goes smoothly, GoTo's valuation is estimated to be around US$40 billion from the current US$17 billion. Gojek holds 58% of the shares and the other 42% is owned by Tokopedia. Regarding the IPO plan, Gojek's Chief of Corporate Affairs Nila Marita said his party was still waiting for the right moment. What is clear, he admits that the merger accelerates the IPO plan.

|•SOURCE•| Articles :BANKING | Image :SINDO |

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