SI expects to lift earnings<\/p>\n
JAKARTA (JP): State-owned PT Surveyor Indonesia (SI) expects
\nto lift its earning from it appraisal business this year by 600
\npercent, from Rp 10 billion (US$4.26 million) to Rp 60 billion.<\/p>\n
The company's director of finance, Toga Sitompul, said
\nyesterday Indonesia's rapid economic growth, particularly in the
\nproperty sector, had boosted the appraisal services market.<\/p>\n
Toga said Indonesia had only 400 valuers but needed between
\n3,000 and 5,000 to catch up with economic growth.<\/p>\n
\"Australia, for example, with a population of only 18 million,
\nhas 14,000 valuers,\" he said.<\/p>\n
He was speaking at a seminar on The Development and Future
\nProspect of Appraisal Profession.<\/p>\n
Toga said his company wanted to anticipate the government's
\nplan to apply the new 1995 customs law which could cause a drop
\nin his company's revenue from customs inspection services -- the
\nmain source of its income.<\/p>\n
Based on the new law, the government will replace preshipment
\ninspections -- undertaken by PT Surveyor Indonesia in cooperation
\nwith the world's largest inspection service company, Societe
\nGenerale de Surveillance (SGS) of Switzerland -- with on-arrival
\ninspections by the directorate general of customs and excise.<\/p>\n
Last year, about 98 percent of the company's Rp 500 billion
\nrevenue came from the customs services under the preshipment
\ninspection system. The other two percent came from its appraisal
\nbusiness.<\/p>\n
Toga said his company wanted to boost income from commodity
\nassessment and controlling services.<\/p>\n
But despite the new customs law his company would still
\ninspect certain commodities, including oil and gas. he said.<\/p>\n
Toga said his company wanted to organize training and
\neducation programs on appraisals to improve the quality of
\nIndonesian valuers.<\/p>\n
\"With the global liberalization of trade and investment, we
\ncannot avoid foreign valuers from coming here. We have to prepare
\nourselves to compete with them in our domestic market,\" he said.<\/p>\n
He said that starting July, his company, in cooperation with
\nthe University of Portsmouth, England, and the University of
\nWestern Sydney, Australia, would organize an MBA program in
\nquality management and appraisal. (bnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/si-expects-to-lift-earnings-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}