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Indonesia, Latin America explore business cooperation Trio of Auto Makers Release Surging Sales Figures for June Citilink to Open 70 Domestic Routes after Obtaining AOC The development of Pirelli Tire SpA tire factory will start in the fourth quarter of 2012

Indonesia, Latin America explore business cooperation

Indonesia and Latin American countries will explore opportunities to cooperate within the investment and trade sectors

Indonesia is going to plan to host the ASEAN-Latin American Business Forum (ALBF), the minister said that a number of businesses had confirmed to attend the forum. The ALBF which will be held in Jakarta on July 9-10 will discuss trade and investment business opportunities in the ASEAN and Latin American region. With declining exports to Europe and the United States, a number of Latin American countries are looking for newer markets in the Southeast Asian region, particularly Indonesia in order to make investments and establish trade relations. (www.antaranews.com)
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PT QASA CONSULTING : Jl. Prapanca Raya No. 113, Kebayoran Baru, Jakarta 12160 - Indonesia

Edition: 2 | Monday, 20 July 2012 www.qasaconsulting.com

Trio of Auto Makers Release Surging Sales Figures for June

Three Indonesian auto makers have reported strong vehicle sales in June

Three Indonesian auto makers have reported strong vehicle sales in June

Honda Prospect Motor said its car sales reached 7,410 units in June, marking the auto makers best month this year. Car sales grew 10 percent in May and were more than three times higher than the June 2011 sales figure of 2,165 units. Suzuki Indomobil Sales reported selling 12,121 cars in June, a rise of 25 percent from its May sales figures and 61 percent higher than the same month last year. Nissan Motor Indonesia said it sold 5,925 cars in June, its second-best monthly sales total so far this year. Astra International, Indonesias leading automaker, which reported selling 51,002 units in May alone, claiming 53 percent of all car sales in the country during that month. The Association of Indonesian Automotive Industries (Gaikindo) has reduced its sales target for the year to 850,000 cars from an initial forecast of 1 million on concern about the regulation. The new banking rule, which the government put into effect on June 15, requires consumers to make a minimum 30 percent down payment for new car purchases. The ruling was intended to improve prudent lending practices at Indonesian banks. Car and cement sales are seen as leading economic indicators for Indonesia. (The Jakarta Globe)

PT QASA CONSULTING : Jl. Prapanca Raya No. 113, Kebayoran Baru, Jakarta 12160 - Indonesia 62-21-721 0225, 62-21-725 0927

Edition: 2 | Monday, 20 July 2012 www.qasaconsulting.com

Citilink to Open 70 Domestic Routes after Obtaining AOC

Citilink Airlines will open 70 domestic and 16 regional routes after officially received Air Operation Certificate

Citilink Airlines will open 70 domestic and 16 regional routes after officially received Air Operation Certificate

Citilink currently operates 14 aircraft and 20 by the end of 2012, even as Garuda Indonesia Quantum Leap program as the holding company, Citilink in 2015 will operate 50 aircrafts, bringing the total to 194 units with Garuda. Citilink as LCC will target people who normally do not get on a plane, or for whom who used to ride trains along the increasing purchasing power. Meanwhile, Garuda with fullservices airline will target different market. The airline will focus on domestic routes this year and next year will come into regional routes which taking 3 hours of travel at maximum such as Singapore, Kuala Lumpur, Penang, and Southern Australia. (Bisnis Indonesia)

PT QASA CONSULTING : Jl. Prapanca Raya No. 113, Kebayoran Baru, Jakarta 12160 - Indonesia 62-21-721 0225, 62-21-725 0927

Edition: 2 | Monday, 20 July 2012 www.qasaconsulting.com

Pirelli Factory Development Starts in Late 2012

The development of Pirelli Tire SpA tire factory will start in the fourth quarter of 2012 The tire factory as a result of the cooperation between the Italian company and PT Astra Otoparts Tbk. Pirelli tire products will be targeting premium and middle-upper tire segment. Pirelli will produce motorcycle tires in the first phase, and car tires in the next phase. The factory is targeted to start operating in 2014. In the initial phase, there will be only two million units produced yearly. But, in 2016, factory will fully operate with seven million units of tires per year 25 percent of Pirellis total global production. When fully operational, four million units of tires will be marketed under the brand name of Pirelli and mostly aimed for export market, especially Asia Pacific region. The remaining three million units will be under the brand name Aspira and will be allocated for the domestic market. Pireli tires factory in Indonesia will not only increase Pirelli tire production capacity which is projected to increase to 16 million units in 2015 from last years 13 million units, but also will strengthen its presence in the ASEAN market. Beside Pirelli, South Koreas tire company, Hankook Tire Co Ltd also put in money in the country. Hankook tire factory development in Cikarang, West Java is already 82 percent completed and will start operating in November 2012. Tire factory development is a part of Hankooks commitment to invest US$ 1.1 billion, with production capacity of 18 million units of tires per year until 2018. Hankook plans to market 95 percent of their product for export, and five percent for the domestic market. (Indonesia Finance Today)
PT QASA CONSULTING : Jl. Prapanca Raya No. 113, Kebayoran Baru, Jakarta 12160 - Indonesia 62-21-721 0225, 62-21-725 0927

he development of Pirelli Tire SpA tire factory will start in the fourth quarter of 2012

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