Sunday, 25 November 2012

Crown Capital Management: Six Indonesia Companies Involved in Alleged $187 m...

Crown Capital Management: Six Indonesia Companies Involved in Alleged $187 m...: http://blog.crowncapitalmngt.com/six-indonesia-companies-involved-in-alleged-187-million-tax-fraud/ Jakarta Globe reported. An Indonesian ...

Six Indonesia Companies Involved in Alleged $187 million Tax Fraud - The-looser-it-s-me

Six Indonesia Companies Involved in Alleged $187 million Tax Fraud - The-looser-it-s-me
Jakarta Globe reported. An Indonesian lawmaker announced on Friday that a Supreme Audit Agency (BPK) allegedly implicated six companies in tax fraud totaling Rp 1.7 trillion ($187 million).

Companies were identified as follows, Permata Hijau Sawit, Asian Agri Group, Wilmar Nabati Indonesia, Alfa Kurnia, INJ International and EMA Majokerto Hospital by a Markus Melkias Mekeng.

Markus Melkias Mekeng, House of Representatives Commission XI which overseas financial affairs member said that the companies were identified following a Supreme Audit Agency (BKP) report.

Six Indonesia Companies Involved in Alleged $187 million Tax Fraud

http://blog.crowncapitalmngt.com/six-indonesia-companies-involved-in-alleged-187-million-tax-fraud/

Jakarta Globe reported. An Indonesian lawmaker announced on Friday that a Supreme Audit Agency (BPK) allegedly implicated six companies in tax fraud totaling Rp 1.7 trillion ($187 million).

Companies were identified as follows, Permata Hijau Sawit, Asian Agri Group, Wilmar Nabati Indonesia, Alfa Kurnia, INJ International and EMA Majokerto Hospital by a Markus Melkias Mekeng.

Markus Melkias Mekeng, House of Representatives Commission XI which overseas financial affairs member said that the companies were identified following a Supreme Audit Agency (BKP) report.

Mekeng, longtime critic of the tax authority, said the commission would urge the House to form a special committee to investigate the case and demand law enforcement officials thoroughly investigate the case, which likely involves officials from the Directorate General of Taxation. He encourages the house to investigate further to prosecute the officials from the Directorate General of Taxation who were allegedly involved in the fraud scheme.
“We all know that over the last three years the tax office has been unable to fulfill its collection target, and one of the main causes is that their officials may be misusing their authority for personal interests,” said the lawmaker, Markus.
It was not Markus’ first time fight against these tax violators, he started standing his grounds against them long ago before these new issues became known, in May 2010, he called the dismissal of two senior tax officials, including director general Mochamad Tjiptardjo, for what he called their “poor performance” in handling cases involving companies Permata Hijau Sawit, Wilmar and Asian Agri.

The BPK opened an investigation and began an audit of tax office methods in June following the request from Mekeng and Commission XI, specifically asking to look at the cases involving these companies, among others.

Thursday, 22 November 2012

Crown Capital Management: BIOMASS as a fuel for BOILERS

Crown Capital Management: BIOMASS as a fuel for BOILERS: http://crowncapitalmngt.com/blogpdf/BIOMASS_AS_a_fuel_for_BOILERs.pdf Biomass for energy often mean plant base material although can equ...

BIOMASS as a fuel for BOILERS - The-looser-it-s-me

BIOMASS as a fuel for BOILERS - The-looser-it-s-me


Biomass for energy often mean plant base material although can equally apply to both animal and vegetable draw from material. Biomass is actually a biological material derive form living or recently living organisms. Biomass chemical composition is carbon based and is composed of a mixture of organic molecules containing hydrogen, usually including atoms of oxygen, often nitrogen and also small quantities of other atoms, including alkali, alkaline earth and heavy metals, metals are often found in functional molecules such as the porphyrins which include chlorophyll which contains magnesium. There are five basic categories of material of biomass such as:
•Virgin wood- from forestry, arboriculture activities or from wood processing.
•Energy crops- high yield crops grown specifically for energy applications
•Agricultural residues- residues from agriculture harvesting or processing
• Food waste- from food and drink manufacture, preparation and processing, and
post-consumer waste
•Industrial waste and co-products- from manufacturing and industrial processes.

BIOMASS as a fuel for BOILERS

http://crowncapitalmngt.com/blogpdf/BIOMASS_AS_a_fuel_for_BOILERs.pdf


Biomass for energy often mean plant base material although can equally apply to both animal and vegetable draw from material. Biomass is actually a biological material derive form living or recently living organisms. Biomass chemical composition is carbon based and is composed of a mixture of organic molecules containing hydrogen, usually including atoms of oxygen, often nitrogen and also small quantities of other atoms, including alkali, alkaline earth and heavy metals, metals are often found in functional molecules such as the porphyrins which include chlorophyll which contains magnesium. There are five basic categories of material of biomass such as:
•Virgin wood- from forestry, arboriculture activities or from wood processing.
•Energy crops- high yield crops grown specifically for energy applications
•Agricultural residues- residues from agriculture harvesting or processing
• Food waste- from food and drink manufacture, preparation and processing, and
post-consumer waste
•Industrial waste and co-products- from manufacturing and industrial processes.
The question is how are we going to use this biomass as a fuel for boilers? But what is a boiler in the first place? A boiler is defined as “a closed vessel in which water or other liquid is heated, steam or vapor is generated, steam is superheated, or any combination thereof, under pressure or vacuum, for use external to itself, by the direct application of energy from the combustion of fuels, from electricity or nuclear energy. ”Let us then go back to the previous question, how are we going to use this biomass as fuel for boilers. Nowadays, the prime sources of energy in the world are oil, coal and natural gas. But these natural sources of energy has their end too, unfortunately it is already anticipated that within the next 40-50 years these sources of energy will deplete. Worst is, it is also expected that from these sources lies consequences due to their emissions such as global warming, acid rain, urban smog. Due to this fact the world is trying to utilize new sources of energy, there are some renewable energy sources that can replace harmful energy sources. The solar, wind, biomass etc are energy sources which are less harmful to the environment but can only be use in a suitable way. Biomass is one of the earliest ever discovered sources of energy but only comes with specific properties. It was then discovered that utilizing biomass in boilers offers many economical, social and environmental benefits such as financial net saving, conservation of fossil fuel resources, job opportunities creation and CO2 and NOx emissions reduction. However, care must also be taken for consideration. Although biomass can be good in some point there are also disadvantages such as: environmental impacts of biomass such as land and water resources, soil erosion, loss of biodiversity and deforestation. Problems associated when burning biomass in boilers are fouling, marketing, low heating value, storage and collections and handling. The future of biomass in boilers depends upon the development of the markets for fossil fuels and on policy decisions regarding the biomass market.