Garuda Fly to Europe Again

www.poskota.co.id :

GAMBIR (Pos Kota) - Garuda Indonesian Airlines will start flying to Europe beginning in June 2010 following the opening of the ban flying back from the European Union (EU) since almost a year ago.

On the sidelines of the visit of Miss Universe, Stefania Fernandez, Garuda's office, yesterday afternoon, the Head of Garuda Indonesia corporate communications, Pujobroto, said the flights to Europe will be done every day, especially the route from Jakarta to Amsterdam leaving at .21:00 using aircraft arrived at GA88 .02:09 LT.

During his visit was accompanied by Lady Miss Universe Indonesia Sandioriva Qori specially invited by the President Director of Garuda Emirsyah Satar. "They invited us in order to promote Indonesian culture in Europe," said CEO Emirsyah Satar.

Garuda Indonesia, Ensure Fly to Europe in June 2010

www.kapanlagi.com :

Kapanlagi.com - PT Garuda Indonesia (Garuda) will ensure that flights to Europe starting June 1, 2010, following the lifting of EU ban on flying the airline since July 2009.

"We're flying to Europe starting June 1, 2010. The first cities served were Amsterdam, The Netherlands," said Head of Corporate Communications, PT Garuda Indonesia, Pujobroto to the press on the sidelines relaunch Experience Garuda Indonesia in Jakarta, Tuesday (13/10).

The launch made by the Director of PT Garuda Indonesia, Emirsyah Satar was accompanied by Miss Universe 2009 and Stefania Fernandez, Miss Indonesia 2009 Qori Sandioriva.

Present also in the occasion of Venezuela's Ambassador to Indonesia Menzones Liccioni Mary Virginia.

Pujobroto explained, Jakarta-Amsterdam route will be serviced once each day with a stopover in Dubai, United Arab Emirates.

Thus, the plane departed from Jakarta at 21:00 pm and arrive in Dubai at 02.09 local time and set off again at 03.15 local time and arrive in Amsterdam at 08.00 local time.

Then depart from Amsterdam at 10:00 local time, arriving in Dubai at 18:30 local time, set off again at 19:45 local time and arrive in Jakarta at 07.10 WIB.

"The drop is not purely technical reasons such as refueling, but there is potential for passengers and goods in Dubai because of the rights already acquired carrier Garuda fifth in Dubai," he said.

Despite drop, said Pujobroto, Garuda on the reopening of this route offers a more competitive so that businesses deserve to enjoy it too. (kpl/bar)

Rupiah Menguat, Performance Telkom More Settled

www.kontan.co.id :

JAKARTA. The strengthening of the rupiah would benefit the debt issuers who have foreign currency (forex). For example, PT Telekomunikasi Indonesia Tbk (TLKM). Until the first semester of 2009, the value TLKM debt of U.S. $ 329 million and 11 billion yen.

Harry Su, Bahana Securities analyst estimates, the current strengthening of the rupiah will provide foreign exchange gains (firex) to TLKM up to Rp 537 billion. "Not bad for performance increase," he said, yesterday (13/10).

Based on the exchange rate of Bank Indonesia (BI) on Tuesday rupiah at the level of Rp 9445 per U.S. dollar (U.S.). When compared to earlier this year, the rupiah has strengthened by 13.7%.

Chandra Pasaribu, Danareksa Securities analyst also pointed out, the strengthening of the rupiah will benefit Telkom. Chandra profit forecast this year of the exchange rate TLKM be more than Rp 300 billion. Last year, Telkom lost 1.6 trillion USD exchange rate. "Profit rates will push Telkom's performance," he said.

The analysts expect, the performance of Telkom to a solid third quarter. Chandra said that, despite the competition between operators increasingly stringent, Telkom's business is still growing. Moreover, said Harry Su, the third quarter of tariff war in the telecommunications industry began to subside so that the promotional costs Telkom is reduced.

He added that Telkom's strategy to develop New Wave Bussiness also coming to fruition. Until the first semester, Telkom revenue from these businesses amounted to Rp 2.5 trillion or 9.4% growth than the same period in 2008. Last year, the contribution of New Wave Bussiness reach 8.3% of total revenues this issuer.

Sudiro Asno, Director of Finance TLKM, refused to disclose the company's performance until the third quarter ago. "I do not know. Counting was not finished," he said, yesterday.

Sudiro did not want to speculate on the potential profits due to the strengthening of Telkom's exchange rate. "We'll wait," he added.

While going to enjoy the filthy lucre of the strengthening of the rupiah, some stock analysts are not sure the performance of Telkom would soar. Within Candra, Telkom revenue will only reach Rp 63.25 trillion or an increase of 4.2% compared to 2008 amounting to Rp 60.69 trillion. However, its net income forecast to grow 19.6% to Rp 12.7 trillion, compared to 2008 amounting to Rp 10.6 trillion.

Harry Su estimate, this buffalo in Telkom's revenue grew only 6.3% to Rp 64.5 trillion. The net profit rose 3.7% to Rp 11.02 trillion. However, net profit is not taking into account the potential benefits of strengthening rupiah Telkom.

Hence, the performance is still positive, Harry still recommend buying the stock this TLKM coded. He gave a target price of Rp 10,400 per share.

Chandra also rated the stock is still worth buying TLKM. Currently Price Earning Ratio (PER) TLKM still 14 times or equivalent to the industry. "The target price is Rp 11,200 per share," he said.

At the close yesterday (13/10), stock prices rose TLKM USD 100 to USD 8800 per share.