Coach Factory Industrial

more finance and business articles



Charlotte-area home prices rise 7.1% in May

mobile

Charlotte-area yearly home price gains slowed in May for the first time in 11 months – a sign that the local housing market might be cooling off.

The closely watched Standard & Poor’s Case-Shiller indexes, released Tuesday, showed prices of existing Charlotte homes increased 7.1 percent from a year ago, down from April’s year-over-year increase of 7.3 percent.

On a national level, average home prices have returned to spring 2004 levels, according to Case-Shiller. Across 20 U.S. cities, May home prices rose 12.2 percent, their largest yearly increase since March 2006, but remain about 25 percent below June-July 2006 peaks.

While the data show the local and national housing sector is healthier than during the depths of the downturn, David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said U.S. home price growth isn’t expected to stay at current levels.

“I don’t think we’re going to sustain double-digit annual rates of increase over the long haul,” he said in a phone interview. “Over the next year to year and a half, the rate of increase is going to slow down for almost all the cities.”

In Charlotte, home prices have been rising as inventory shrinks and brokers report some listings resulting in competing bids. A year ago, Charlotte brokers say, competing bids would have been virtually unheard of.

Existing Charlotte-area homes are also selling faster than they were a year ago, according to the Charlotte Regional Realtor Association. In June, it took 93 days on average for a home to sell, a decline of 16 percent from June 2012.

Despite signs of a strengthening market, some Charlotte sellers have had to lower prices this summer after failing to attract buyers.

Such reductions are helping to keep price increases in check.

Mark DuPont, 68, listed his home in the Downs Grant neighborhood for $247,500 July 6, but has since slashed that to $237,500.

“It was way overpriced for the area,” DuPont said Tuesday. “I really thought I would get more interest than I did.”

After lowering the price and putting the home on the local multiple listing service, he’s getting more inquiries, he said. Since last week, there have

Kalbe Farma Record Net Income Rp924 Billion

Black Car Dashboard

PT Kalbe Farma Tbk (KLBF) recorded a net profit of Rp924, 150 billion during the first half of 2013. The net income growth from the previous year amounting to Rp807, 832 billion.

Quoted from financial reports, on Wednesday (07/31/2013), basic earnings per share of pharmaceutical and healthcare products company that was increased to Rp20 per share from the previous year Rp17 per share.

The increase was driven by sales of products that make the company’s revenue of Rp 7, 421 billion in the period January to June 2013. The revenue growth over the previous year of Rp 6, 243 trillion.

The Company also recorded a gross profit in the January-June 2013 amounted to Rp3, 622 trillion, up from the previous year amounting to Rp3, 063 trillion.

Income before income tax expense was also recorded at Rp1, 22 trillion increase over the previous year amounting to Rp1, 08 trillion.

China Industrial Profits Reach Rp 820 trillion as of June

pic1

China’s industrial profit growth slowed in June, because the country’s economy will weaken, rising costs, and the price of goods down because demand is growing moderately.

Based on data released by the Bureau of Statistics of China, on Friday (26/07/2013) net income of Chinese companies rose 6.3 percent (year on year / yoy) to 502.4 billion yuan (82 billion U.S. dollars, or Rp 820 trillion) . Growth is lower when compared to the previous month to reach 8.8 percent.

Stock markets in China also fell for the third time on the same day, in response to low growth in manufacturing, after the Chinese government reduce its 19 capacity to trim excess supply causes the price to drop.

At the same time, China’s National Council has also offered limited support through acceleration of railway construction, tax cuts for small businesses and cut export costs.

“In terms of policy, the most obvious thing is there is no economic stimulus package in China,” Zhu Haibin, an economist at JPMorgan Chase & Co., Which is based in China.

According to him, the Chinese government is now trying to formulate fiscal policy to be more effective at reducing the administrative expenditure.

Meanwhile, on the monetary side, the Chinese central bank is trying to boost credit directly channeled to the real sector.

Tjap Menak rise old cake become next grade

cars

Since the first Indonesia already has a lot of culinary delights. Each genre has a classic dish. One of the old school type of cake that still exists today is a layer cake or a layer cake.

Carrying the brand Tjap Menak, Eva Ervina try to lift back old school like layers maksubah food, cake Koja, layers and layers of white glutinous black rice.

This business stems from alhmarhum mother who often produce cakes old school. But the mother only produces every event or just orders.

“Well now we are trying to continue with a different look. But actually from the first until skarang layer cake is still a choice. Now a crowd like rainbow cake. Due plated made​​,” said Eva to detikbandung.

In 2006, Eva started to seriously run the culinary business. Selected titles Tjap Menak because they offer products that are old school cake.

“Because it wanted to lift the old school food, the choice of name stamp vie with the old spelling of choice. Menak own sense Sundanese aristocracy so impressed that captured the buyer, food products has been rising degree of social, not just belong to a particular community,” said Eva.

All products are manufactured Tjap Menak home in Northern New Twins Way I No. 5. Orders are produced with a pre-order system. To keep it fresh when arriving in the hands of consumers.

Distributor Mobile BlackBerry Build Factory Together with Foxconn

smartphone

Jakarta – Distributors and retailers cell phone (mobile phone), Erajaya Swasembada Tbk PT (ERAA) set side by side with a large Chinese manufacturer, Foxconn to equally establish assembly plant mobile device.

Director of Marketing and Communications Djatmiko Ward said, such as the readiness of the company to form the intention to cut imports figure in Indonesia’s mobile phone number is still high up to 55-60 million units per year.

“Erajaya ready for Foxconn. There is a background to this, one being that there are 55-60 million units in Indonesia hp and 100% of imports. Consumer nation we remain profitable and the outside, it arises from the desire to have their own base,” he said when met at the Capital Residence, Jakarta, as quoted on Thursday (01/08/2013).

However, the readiness of government support should be coupled with one of them with incentives. Because, without the incentive of possible price outcomes assembly product itself will be more expensive than products derived from imports. Tax to be one cause.

“As an illustration, if imports hp only pay VAT 10% complete. Meanwhile, if there are spare parts to assemble yourself taxable entrance, production costs, salaries, and others. Could be that we have a factory but their products are more expensive. We as partners are explored ready provided there is an incentive from the government, “said Djatmiko.

According to him, the government should provide incentives in this regard so that Indonesia had a dream come true handset manufacturer fabricators.

“For example in China, the government provides free land, buildings, infrastructure everything is free. Employee salaries subsidized by the government for 3 years, it’s name is a form of support,” he said.