All Vehicles Prohibited Personal Use of Subsidized Fuel

JAKARTA Report - Of the two options limiting consumption of fuel oil (BBM) subsidy that will be proposed by the government, Minister of Energy and Mineral Resources of "Darwin Z Saleh" confirms that the prohibition of the consumption of subsidized fuel option for all private vehicles (black plate) is more easily implemented in the field and can save a larger budget.

"Options that banned all black plate car buying fuel subsidies, of greater savings and implementation are more likely to (easily)," he said as quoted by the official website of the Directorate General of Oil and Gas in Jakarta, Wednesday (24/11/2010).

As is known, the Coordinating Minister Hatta Rajasa has said that the government set up two subsidized fuel savings options that requires consideration of the House, first, all black plate cars are prohibited from using the fuel subsidy. Second, all black plate car with the year of manufacture in 2005 to above are prohibited from using fuel subsidies.

Meanwhile, related to timing of the plan will be conducted from January 1, 2011, according to Darwin, the government is eager to do this but it certainly should be discussed with the House first.

Himself argued that the policy of subsidized fuel savings should be done to save money and sharpen the target country that is only the parties are entitled to enjoy the subsidized fuel.

"Remember you know, we must dare to go, start walking. Will it be perfect? Not necessarily. But we (should) begin to move. If not, it would be too much of an impact of subsidized fuel (to finance the state) if (volume) increases. If increased 10 percent, it was Rp10 trillion. That's equivalent to what school? "He explained.

Evita Legowo added that based on the calculation when all the black plate cars are prohibited from buying subsidized fuel, it can save fuel by 11 million kl (kl). Meanwhile, if the option is only cars with year of manufacture 2005 to the above is prohibited, then the savings could reach eight million kl.

For the initial stage, subsidized fuel savings will be carried out in the big city. But which city is chosen, Evita refused to explain. Because the island of Java and Bali is the most widely used subsidized fuel is approximately 60 percent of the total quota.

"We still have not decided which one (area), but the possibility of a big city. We must know, the Java-Bali uses 60 percent gasoline, "said Evita.

For the year 2010, has set a quota of subsidized fuel at 36.5 million kl but will be missed until the end of the year and add more volume of subsidized fuel approximately 1.8 million kl. Article by okezone.com. Thanks to visit.

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Weekend, "JCI" and rose to 41.02 pts.

Reporting JAKARTA - Composite Stock Price Index (CSPI). This weekend again through his new record at the 3382 level. Positively influence regional and global trade today joined boost passion coupled with leading stocks trading in the country.

JCI, in trading on Friday (17/09/2010) afternoon soared 1.23 percent or 41.02 points. new record at 3382.65. LQ45 index rose 5.79 points to 638.84 and the Jakarta Islamic Index (JII) rose five points to 515.34.

The value of trade transactions at the end of this week reached Rp 5, 87 trillion, with a volume of 9.79 billion shares. A total of 172 stocks rose, 70 stocks fell, and 60 shares did not change the price.

Consumption sector still experienced a decrease as in the first session was up to 6.78 points. Meanwhile, the plantation sector led the reinforcement with 50.06 points, as well as the mining sector rose 37.54 points. While the manufacturing sector rose 5.18 points, the financial sector rose 3.7 points, and the infrastructure sector rose to 10.45 points.

Asian index is still compact strengthened where the Nikkei 225 up to this afternoon, up 116.59 points, or 1.23 percent to 9626.09, the Hang Seng index rose 279.41 points, or 1.29 percent, to 21970.86, and the Straits Times rose 12.71 points to 3079.82.

Meanwhile, Europe also began trading index dijalur green where the FTSE 100 rose 58.69 points, or 1.06 percent, to 5598.83, DAX rose 55.11 points, or 0.88 percent, to 6304.76 and the CAC 40 rose 49, 45 points or 1.32 percent, to 3785.75.

Stocks that move strengthened (Top gainers) is PT Indomobil Sukses International Tbk (Imas), up Rp1.300 to Rp7.900; PT Indocement Tunggal Prakasa Tbk (INTP), up Rp1.050 to Rp19.300; PT United Tractors Tbk ( UNTR) rose Rp500 to Rp20.600; and PT Semen Gresik Tbk (SMGR), rose Rp450 to Rp9.600.

While the stock is moving melamah (top loosers) is PT Astra International Tbk (ASII), down Rp600 to Rp54.700; PT Gudang Garam Tbk (GGRM), down Rp450 to Rp45.050; PT Bukit Asam Tbk (PTBA), down 400 to Rp18.500; and PT Astra Ramayana Tbk (ASRM), down Rp330 to Rp1.010. (otofinanceinfo) (blog)

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Ford Motor-Build New Factory, worth USD300 Million in China

Reporting SHANGHAI - American automakers (USA), Ford Motor as part owner of an automotive company from China, Jiangling Motors Corp (JMC) set up a new plant in Shanghai worth USD300 million.
Plant with production capacity of 300 units per year vehicle was built as an expansion Langkat Ford's largest car market in the world.
Ground breaking process conducted on Sunday (18/07/2010) is expected to be completed and began operation in late 2012.
Jiangling, 30 percent controlled by Ford, currently operates two plants, with a combined capacity of 210 thousand units, making the JMC and Ford Transit models. (Otofinanceinfo)

Source Article and image :okezone.com

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Efficiency-"China Join Four Steel Producers".

BEIJING Reporting - Government of China announced the merger of four national steel company into a new company. This policy was carried out as an effort to increase capacity, reduce carbon emissions, and strengthen its position in iron ore pricing.

The four companies of China are all located in Tianjin, China, it is the Tianjin Pipe (Group) Corp., Tianjin Iron & Steel Group, Tianjin Tiantie Metallurgy Group, and Tianjin Metallurgy Group Co.Keempatnya joined a new company, Tianjin Bohai Iron & Steel Company.

"The combined company is able to produce as many as 21 million tons of steel in 2009 and then," writes the AFP quoted the Association of Iron and Steel Manufacturers China.

Merging the company is also one of consolidation efforts in the steel industry in line with government policy that wants economic growth accompanied by a sustainable environment. In addition, the merging of the domestic steel companies were expected to boost industrial competitiveness among national steel producers.

The AFP report also mentions, China's economic growth in recent years has increased demand for domestic steel. This makes the steel as one of strategic industries that support the State economy Panda. Government plans to make the existing steel producers currently can meet 60 percent of national demand in 2015.

In comparison, last year China's steel production can only meet 44 percent of national demand. Elsewhere, China National Statistics Bureau yesterday reported China's crude steel production in June rose 9 percent to 53.77 million tonnes the previous year. While a monthly basis, production decreased 4.2 percent in June compared to May 2010. (otofinanceinfo)

source image and article: okezone.com

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Moving Free, 'Yuan currency' Start Slowly Rising.

Reporting BEIJING - The yuan exchange rate strengthened on Tuesday morning trading, after the Central Bank of China promised to let the currency trade more freely against dollar.

People's Bank of China set a level of parity as the central point of the official trading currency is moving at 6.7980 against the dollar, or 0.43 percent higher than 6.8275 in trading Monday before yesterday.

Quoted from the AFP, Tuesday, (22 June 2010), the Central Bank had pledged this weekend to make yuan more flexible, without prejudice to the sharp fluctuations of the currency or one-time adjustments.

The move was widely performed as a bid in spite of facing the Group of 20 summit which will take place in Canada this weekend. Where central China are accused of mounting overseas who control China's forex and give exporters a competitive advantage and create unfair.

In trading in China on Monday, penetrating 6.8 yuan or precisely where 6.7969 against the dollar rose 0.40 percent before the close of trading. This figure is the strongest since unpegged yuan policy makers of the dollar in mid-2005 move.

However, the level of trading on Monday yesterday still in a tight trading range in Beijing where the analysts said, when China promised this is not a sign of a big revaluation. Thank you for visiting (otofinanceinfo)

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Banking Spanish-Need 30 Billion Euros

MADRID Report - latest news about the economy, the Spanish bank restructuring is predicted to require funds amounting to 30 billion euros. Spanish Government will finance the plan with the Fund for the Restructuring of the Bank (FROB).

"It (the fund 30 billion euros) more than enough to meet the needs of all banks," said Spanish Economy Minister Elena Salgado as quoted from Reuters.

Elena explains, FROB can raise funds up to 99 billion euro.Dana was formed with the purpose of acting as standby fund to help institutional lenders.

"Based on data from Central Bank of Spain (BOS) funding requirements less than 90 billion restructuring euro.Tapi, I estimate the total requirement is less than a third (30 billion euros)," he said.

This week the world's stock price, exchange rate of euro against U.S. dollar (U.S.), and oil fell as investors worried over the public financing Spanyol.Investor-yack off assets that have a high risk.

MSCI world stock index yesterday fell 0.3 percent after rising to the highest position in sebulan.Indeks FTSEurofirst 300 fell 0.25 percent. While the exchange rate of euro against the U.S. dollar fell 0.4 percent to USD1, in 2245 and against the yen weakened 2 / 3 percent to 111.71 yen. Value of U.S. dollar against major world currencies rose 0.5 percent.

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Wall Street increased in the 200th Pts

NEW YORK, otofinanceinfo - Wall Street jumped sharply in trading Tuesday, 15 June 2010. where investors make purchases party. Dow Jones index turned positive for this year and rise above 200.

Investors are motivated over the success of debt auctions in Spain, Belgium and Ireland, the European concern over the debt crisis. Euro rally against the dollar and pushing commodity prices higher.

"You saw the return of confidence in this new and clearly this new pricing evidence kepara euro. Clearly there is a trend to return to risky assets," explains Managing Director of Stifel Nicolaus Capital Markets, is 'Tom Schrade'. as quoted from Reuters, Wednesday, 16 June 2010.

Average Dow Jones Industrial (DJI). climbed 213.88 points, or 2.10 percent, to 10,404.77. Standard & Poor's 500 Index's (SPX). rose 25.60 points, or 2.35 percent, to 1,115.23. The Nasdaq Composite Index (. IXIC) climbed 61.92 points, or 2.76 percent, to 2,305.88.

Trade moderate with transactions running at the New York Stock Exchange reached 8.41 billion, below average last year reached 9.65 billion.

The positive sentiment from the European single currency also makes the euro rose to above USD1, 23 which is the highest level since June 3.

Semiconductor stocks helped lift the Nasdaq after TSMC (2330.TW) and UMC (2303.TW), two of the world's largest contract chip maker, forecast increased demand in the coming months amid an improving global economy and rising sales of new personal computers and other consumer gadgets.

Intel Corp. (INTC.O), the world's dominant chipmaker, added 2.8 percent to USD21, 48, while Broadcom Corp. (BRCM.O) rose 5.7 percent to USD35, 84, and Marvell Technology Group Ltd. (MRVL.O ) jumped 8.3 percent to $ 18, 94.

S & P index of energy stocks (GSPE). gained 2.7 percent, with US-listed shares of BP Plc (BP.N) up 2.4 percent at USD31, 39. Halliburton Co. (HAL.N) rose 6 percent to $ 25, 46, while Cameron International Corp. (CAM.N) rose 4.4 percent to USD37, 38.

Shares of Intel Corp., which is the largest chip producers jumped 2.8 percent, up 5.7 percent of Broadcom Corp. and Marvell Technology Group jumped 8.3 percent. thanks already visited (otofinanceinfo).
Photo: Corbis

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England Crop Growth Target to 2.6%.

Reporting LONDON - The latest news about the economy. England in 2011 cut its economic growth target to 2.6%, and cut the estimated annual lending to the public to be 155 billion pounds.

Quoted from 'AFP', Monday, 14 June 2010, these growth figures published by the independent fiscal watchdog, the coalition government formed by Prime Minister of England. is David Cameron.

The previous government estimate of economic growth target could be expanded by 3.25%.

Meanwhile, 'The Office for Budget Responsibillity', in a statement when the borrowing country reveals the UK, when compared with the previous estimate of 163 billion recorded at pound.Terimakasih already visited (otofinanceinfo)

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South Korea - Start Controls Won Currency Exchange Rate.

Reporting SEOUL - The latest news of economic challenge, 'The South Korean government' announced the start to limit currency trading in the banking sector.

Transactions in banks and financial institutions 'south korea' which is bounded forward currency transactions, cross-currency swaps and currency non-deliverable forwards.

Reuters, Sunday, 13 June 2010, this step is intended to control short-term debt and fluctuations in the flow of funds so that it can suppress the economic risk.

The financial authorities 'south korea' fear a sharp decline in the won exchange rate, as long as world market turmoil caused by the debt crisis will negatively affect European Affairs of ginseng. 'South Korea' to stabilize the exchange rate and reduce overseas borrowing.

"This policy aims to reduce fluctuations in capital flows that could trigger a systemic risk to the state and not the intervention to a specific value, said Minister of Finance, financial regulators, and 'South Korean Central Bank'," in a joint statement.

He added that countries should prepare a special rescue tools for critical instruments such as the high volatility in capital flows.

Restrictions should be implemented in October, and is applicable to local and foreign financial institutions. But official data from Government 'south korea' indicates a foreign bank must immediately implement this new rule.

These new rules will reduce the forward and futures transactions by bank and non-bank institutions in the 'south korea' by 50 percent. Capital requirements for foreign banks increased 240 per cent of bank capital.

As a result, local banks' capital requirements is only one thirtieth of a foreign bank. Currently, foreign bank derivative transactions reached 300 percent of their capital, while local banks have visited only 15.6 persen.Terimakasih (otofinanceinfo)

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Economic Growth of Developing Countries - Will Reach 6%

Otofinanceinfo - 'World Bank' represents the economic growth of developing countries are projected to increase from 1.7 percent in 2009, to approximately six percent for 2010-2012.

Stable growth was seen in each year, covering the anticipated growth slowdown will occur in China ranging from 9.5 percent in 2010 to 8.5 percent in 2011. When the fiscal stimulus provided in 2009 was ending.

"With the exception of China and India, the GDP of developing countries is projected to increase 4.4 percent in 2010, 4.4 percent in 2011, and 4.6 percent in 2012," said World Bank Chief Economiest Justin Yifu Lin told reporters during a teleconference at the office World Bank, Exchange Building, Jakarta, Thursday, 10 June 2010.

He continued, high demand for external financing in times of reduced capital flows lead to significant adjustments in the current account (current account), and slower growth in some developing countries during 2009.

As a result, financing needs are expected to decline from USD1, 2 trillion to USD1, 1 billion in 2010.

"Most of the decline that occurred in 2010 caused by a reduction in the current account deficit imposed on developing countries through the reduction of international capital flows amounted to 40 percent during 2009," he added.

According to him, the current account balance in these countries are experiencing a deficit is reduced by almost half from USD283 billion to USD128 billion in 2009. In some developing countries in Europe and Central Asia, the deficit shrank to less than 50 percent.

While the medium and long-term debt with a maturity also decreases thus reducing the requirements for financing, but short-term debt has increased leading to the occurrence of re pernjadwalan overall debt.

"Based on the assumption that the current account deficit remained at the level as in 2009 as a percentage of GDP, the total external financing needs of developing countries is projected for USD1, 1triliun for 2011 through 2012," he said. Thank you for visit (otofinanceinfo)

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European crisis, Asian Stock Down.

Reporting TOKYO - I want to convey the latest news about the economy, most Asian stock markets declined on Wednesday to record this. overnight gains as investors took off in the 'Wall Street', amid concerns about the debt crisis of Europe.

Average Japan's Nikkei 225 index 93.79 points, or equivalent vanish one percent to 9444.15 in the morning session. South Korea's Kospi index fell 0.2 percent to 1647.55, as well as the Australian index and S & P / ASX 200 slipped 0.1 percent to 4397.60.

Quoted from 'Associated Press', Wednesday, 9 June 2010, the Hang Seng index also fell 0.4 percent to 19404.94. The benchmarks are achieved in Malaysia and New Zealand only increased slightly, while Singapore, Taiwan, and China fell.

In Asia, investors in stocks trading off gains in the United States (U.S.) local time on Tuesday amid fears that the ongoing fiscal crisis could lead to Europe having a global economic slowdown.

It is known, 'Dow Jones', carrying up 123.49 points, or 1.3 percent to 9939.98 as investors return is not uneasy to market a result of the comment 'Chairman of the Federal Reserve (Fed)', is 'Ben Bernanke' about the U.S. economic recovery.

While for the currency, the dollar fell to 91.37 per yen in Tokyo trading from 91.53 per yen in New York on Tuesday evening local time. Euro drops to USD 1, 1951 from USD1, 1971.

Euro had touched the lowest figure for four years and the last few days due to concerns about weaker economic growth prospects in Europe and the economic impact of public spending cuts announced by European countries, including Germany and the UK.

While for the benchmark crude oil for delivery in July rose 53 cents to USD72, 52 per barrel in electronic trading on the New York Mercantile Exchange. Thank you for visiting, I hope this information is useful. (Otofinanceinfo)

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U.S. regulators - Back Cover 3 Bank.

WASHINGTON report - Banking Regulators 'United States' close the three troubled banks have the 81 failures recorded. Banks are closed on Friday, 4 June 2010. local time, among other 'TierOne Bank of Lincoln', 'Nebraska', and two small banks in Missisipi and Illinois.

Quoting from the 'Reuters', Saturday 5 June 2010, 'TierOne' which is the fourth largest bank in Nebraska lose USD300 million last year, due to real estate loans in Florida, Nevada, and several other U.S. states. Starting on March 31 last, 'TierOne' has assets of about $ 2, 8 billion.

'Great Western Bank of Sioux Falls', South Dakota, agreed to buy 'TierOne' with funds that had been prepared approximately USD2, 2 billion.

"There are 69 branch offices will reopen Saturday TierOne as a subsidiary or a branch of Great Western," said party of 'the Federal Deposit Insurance Corporation or FDIC. "

While two small banks in Missisipi and Illinois went bankrupt due to credit crisis. The peak number of small bank failures expected to occur in the third quarter of this year and could exceed the number of 140 banks that failed last year.

Small banks in Missisipi, namely the First National Bank of Rosedale who has property $ 60, 4 million U.S. Regulators also closed. However, will reopen early next week on Monday as the son of 'The Jefferson Bank in Fayette, Missisipi. For that, 'the Jefferson Bank' is expected to grow USD63, 5 million.

Meanwhile, for banks in Illinois, 'FDIC' has approved the payment of deposits of 'Arcola Homestead Savings Bank' in Arcola, Illinois, after the bank was not able to find another bank as penjaminnya. 'Arcola Homestead Savings Bank' has assets of USD17 million and savings amounting to $ 18, 1 million.

Although bankruptcies threaten the banking industry, but the number of failures has not reached the level of savings and loan crisis, as it has experienced in 1989 when 534 pda closed institutions.

In the current crisis, the problem of the banking industry has shifted from what had been problematic on home mortgages to commercial real estate. In particular, to community banks that tend to have greater focus in dealing with commercial real estate loans.

However, suppose that the banking industry showed signs of recovery are quite strong.

"At the quarterly meeting on May 20 last, we saw already many banks have managed to increase their capital to improve the balance sheets of financial companies or even acquiring other banks," said FDIC Chief Sheila Bair.

He also said the FDIC sees a higher bid by a number of banking companies to acquire troubled banks.

"This shows the great desire of some companies to take the assets of a number of problem banks," he said. Thank you have visited this blog (otofinanceinfo)

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Dow Jones, Stronger Thin 5 Points

Reporting NEW YORK - The latest information about the economy. Index 'Dow Jones' only thin about five points higher, accompanied by a strengthening of seed stocks in the 'Wall Street', which involved strengthening thin at the close of trading Thursday, 4 June 2010. local time.

A number of investors re-consider the existence of the signal varies with the economic recovery superpower 'United States', ahead of May jobs data report is awaited.

As quoted from the 'AFP', Friday, 4 June 2010, the main index skidded lower but rose again to close in positive territory, after opening with moderate rise.

This can be shown, with the 'Dow Jones Industrial Average' little rose 5.74 points. 0.06% to 10255.28. This suggests an extension rally sharply Wednesday 2.25%. Meanwhile, the technology-heavy Nasdaq index climbed 21.96 points (0.96 percent) to 2303.03 and the S & P 500 index gained 4.45 points (0.41 percent) to 1102.83, breaking the psychological threshold of 1100 sensitive.

"Currently, shares war against weaker today, as all three major market indexes struggled to extend its bullish action on Wednesday for the second consecutive session," said analysts 'Schaeffer `s Investment Research' is Elizabeth Harrow.

Department of Labor will publish employment data and unemployment on Friday, one hour before the stock market opened.

Meanwhile, investors have a diverse bunch of news to digest, including the decline in weekly initial claims of unemployment, the report 'ADP' disappointing on job creation and private sector ISM index is flat in the service sector growth. thank you already visited my blog. (Otofinanceinfo)

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Black Gold Prices Rise USD73

Reporting LONDON - The price of the black gold of the world succeeded in rose above the level of USD73 per barrel, at the close of trading Wednesday, 06 juni 2010 local time. This brings benefits for the traders, due to the loss cleared seajk corrected early trading, traders said.

As quoted from the AFP on Thursday (06/03/2010), for New York's main contract, light sweet crude for July delivery, rose $ 1, 2004 to the level of USD73, 62 per barrel. Meanwhile, crude for London's Brent North Sea for July delivery rose $ 1, 65 to USD74, 36.

Wall Street managed to turn up on Wednesday and European equities regained some of their losses as investors hunt action shares have fallen sharply on fears the euro zone debt and the global economic recovery.

The Dow Jones Industrial Average rose 0.31 percent at the opening, a day after falling amid fears of new European bank problems and a decrease in growth in China, as well as cope with rising costs of the Gulf of Mexico oil spill disaster.

Meanwhile, pending home sales rose for the third carrying the current month in April as home buyers rushed to sign the contract before the expiry of government's tax credit. Thank you for visiting (otofinanceinfo)

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European Banking Losses, Could Reach 195 Billion Euros

Frankfurt Report - 'The European Central Bank / ECB' yesterday warned that potential losses on banks in the euro zone could reach 195 billion euros in the next 18 months, when entering a second wave of crisis.

Losses were estimated to have occurred if the banks increase the share of purchases of government bonds in the euro zone is still considered risky due to high budget deficits.

ECB says euro zone banking sector needs to increase fees for mengkover losses this year are estimated at 90 billion euros and 105 billion euros in the next year. The loss is due to the write off bad loans in 2009 amounted to 238 billion euros.

"This projection was first issued by the ECB for next year despite the decline in total assets at the end of 2010 tended to be lower than previously estimated," the ECB said in a recent Financial Stability Report, released yesterday, as reported by the 'Reuters', Tuesday 1 June 2010.

However, the decline in government assets in the euro zone over the next two years, is estimated to be greater if debt ratio is still high despite the government made various efforts thrift.

'ECB' began buying most of the debt of Greece, Portugal, and Spain as a form of support for economic stabilization pascakucuran bailout package worth almost $ 1 trillion early last month. Thank you for visiting (otofinanceinfo)

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Spanish Ratings Down, For Potential Poverty.

MADRID Reporting - 'rating agency Fitch Ratings', cut 'credit rating of Spain', due to higher growth prospects of poverty, ie, only one day after the government will make budget reductions to address fears of economic recession.

As a result, the stock market in the U.S. markets slid sharply when the news came last Friday, and the euro weakened against the dollar.

'Fitch' lowered ratings Spain maximum level one level of AAA, AA + to the position. The reason, the Spanish government seems to be focusing on economic recovery.

"The process of economic adjustment will be more difficult, and will last longer than other economy with 'ratings AAA' that carried the Spanish government, that's why the rating of Spain lowered to AA +," said 'Fitch' as quoted from the AFP, Sunday, 30 May 2010.

'Fitch' also warned that the rigidity of labor markets and restructuring of local and regional savings banks will be obstacles hamper the speed of economic recovery, particularly after the bursting of real estate products.

"The private sector external debt, and materials will also slow down economic growth Spain during the medium term," said 'Fitch'. Thank you for visiting (otofinanceinfo)

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German state bank, Receiving USD12 Billion

Reporting Frankfurt - A German state bank, 'Hypo Real Estate' has received funding amounting to 10 billion euros (USD12 billion). as a general credit guarantees because of the tensions in financial markets.

"This decision was made to suppress the existence of additional collateral provided by the German financial market stabilization fund, SoFFin, which was taken because the current situation in financial markets," the statement SoFFin, as reported by the AFP on Saturday 29 May 2010.

The parties 'Hypo RE' can now attract a total budget amounting to 103.5 billion euros in state guarantees inter-bank market to obtain financing at reasonable rates.

SoFFin, is a specialist property financing credit channel, and provides a complex restructuring program is a failure and will have major consequences for the German economy, "said President SoFFin Hannes Rehm.
'Hypo RE' hit by losses on the purchase of bonds issued by countries 'eurozone' problems such as Greece, Ireland, Italy, Portugal, and Spain. In late March, the bank has around 39 billion euros in debt exposure.
In addition, 'Hypo RE' has also received a capital injection amounting to 7.85 billion euros from SoFFin. In the past year, the bank paid the amount of seven billion euros of approximately 50 billion euros from private bank loans. (Otofinanceinfo)

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U.S. Minister of Finance->> European Crisis, We're Stronger Position!

Sunday, May 23, 2010 - 10:23 PM

SHANGHAI Reporting - Minister of Finance 'Timothy Geithner' said the global economy began to experience improvement, related to the impact of the crisis that originated from Europe. This was conveyed by news agency "Xinhua" reported on Saturday, May 22, 2010.

"You see some challenges in Europe today. But I think we are in a stronger position to manage the challenges," he told the 'Xinhua' in an interview in 'Washington DC', before heading to Beijing for high-level economic discussions, as quoted 'Reuters', Sunday, 23 May 2010.

'Geithner' also said the dollar is experiencing a resurrection, because of growing investor confidence about the recovery of the United States (U.S.).

Treasury Secretary will arrive in Beijing on Sunday, for a meeting and the Strategic Economic Dialogue, which will be chaired by U.S. Secretary of State, is the 'Hillary Clinton'.

Furthermore, this state officials on Monday and Tuesday will discuss to find ways to better balance, especially the dollar and strengthening bilateral ties in trade relations.

U.S. still has the largest economy in the world and China has one of the fastest growing, so the 'Geithner' said the cooperation between the two is very important for a healthy global growth.

"China and the United States are doing what we need to do to help contribute to the recovery of the broader global economy," he said. (Otofinanceinfo).

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In 2010, Samsung Investment Company USD22, 7 Billion

Monday, May 18, 2010 - 6:00 pm

Reporting SEOUL - South Korean electronics company, Samsung Electronics will invest this year amounted to 26 trillion won, or equivalent to USD22, 7 billion. to meet global demand and strengthen market dominance.

Of the total investment, 18 trillion won will be used for new facilities, such as 11 trillion won to build a semiconductor factory and five trillion won for the production of LCD panels. While approximately 8 trillion won for research and development.

Despite the global economic condition is still unclear, but Samsung remained optimistic that could stimulate economic growth. "If we invest aggressively in expanding facilities and the hiring of employees, then this state is also an opportunity for Samsung to take part in stimulating growth in the future and stimulate the economy," said a Director of Samsung, which is 'Lee Kun-hee', as quoted from the 'AFP', Monday 17 May 2010.

Samsung Electronics is a manufacturer of ready-memory chips and flat-screen television in the world, and became the second largest mobile phone maker after the Finnish manufacturer, namely Nokia.

He says, will increase investment in memory chip production from the initially planned 5.5 trillion won into nine trillion won. He expected, demand for LCD TV panels to increase starting next year.

He said the company will build new production lines at a cost of 2.5 trillion Won. Lee also said it would hire new staff on 2010 10 000 this. (Otofinanceinfo)

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April, China's trade surplus, rising to 87%

Tuesday, May 11, 2010 - 16:41 PM

Reporting BEIJING - again I'll break the news about the economy, the Government of China declared a trade surplus in April jumped 87 percent over the previous year. These data indicate the wide gap between China's exports and imports of raw materials.

Xinhua news agency reported, China's trade surplus in April 2010 reached USD1, 68 billion, far better than the deficit of $ 7, 2 billion in the previous month. Was obtained after the April trade surplus Domestic exports increased 31 percent compared to Panda same period a USD119 previous, 92 billion. While imports rose 50 percent to USD118, 24 per cent. Previously, analysts expect China's exports rose 29.1 percent and imports 52.3 percent.

If calculated over the period from January to April 2010, China's trade surplus totaled USD16, 1 billion, down 79 percent over the same period last year.

Analysts said China's export growth to Asia is an anomaly from its dependence on Europe as the largest export market. When the economy slumped Blue Continent because of the crisis, Asian economies grew very rapidly and lead the global recovery and encourage demand for goods and services strengthened.

Just note, China's global exports to the European Union has currently reached 21 percent, up sharply appeal in 1999 that only 16.5 percent. Yesterday the stock market in China improved sentiment triggered by the European Union that states will spend $ 1 trillion worth of reserves crisis to anticipate the impact of debt kruisis Greece.

"Action to rescue not only Greece, but also Portugal, Spain and Ireland. Asia that are in the financial system will focus on how the potential decline in demand for exports from the EU," said economist Uwe Parpart Cantor Fitzgerald in Hong Kong. I hope this news is useful. thanks for visiting (otofinanceinfo)

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Prevent Crisis Spreads Greece, the EU Prepare Dana M. USD670.

Monday, May 10, 2010 - 9:02 pm

Reporting BRUSSELS - The European Union finally agreed on an emergency fund amounting to 500 billion euros or equivalent USD670 billion to protect the euro zone countries from the financial market wolfpack.

As quoted from the 'Reuters', on Monday, December 10 mei 2010. decision deals a substantial emergency fund can be taken in order to prevent the spread of the debt crisis go on and Greece.

As is known, that the euro currency last week plummeted to its lowest point during the last 14 months against the dollar. But now, the euro climbed almost two percent in early trading in Asia, and on trade in the U.S. rose by two percent.

While the price of gold, regarded as a safe haven investment, fell by 1.5 percent after touching a record high last week.

Where the European Union plans to take out a loan in the form of loan and loan guarantee fix the value of 600 billion euros, or USD805 billion. Where is the loan guarantee for a loan of euro zone countries worth 440 billion euros, which amounted to 60 billion euros from the stabilization fund and an additional 100 billion euros of funds from the International Monetary Fund loans (International Monetary Fund / IMF).

Market mechanism seems to threaten members of the eurozone countries that have debt will suffer the same fate as Greece. Safety net intended to protect other countries that have swollen budget including Portugal, Spain and Ireland.

Greek and addressing the crisis, the IMF has approved meminjaman 30 billion euros, bringing the total funds collected for the bailout Greece mencapaui 110 billion euros. Where for 5.5 billion euros will be disbursed immediately. I hope this information is useful to you. (otofinanceinfo)

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'CIMB' targets, Indonesian Exchange

Saturday, May 8, 2010 - 15:17 PM

KUALA LUMPUR Reporting - I will deliver news about the monetary, here's the news .... 'CIMB' Group, a Malaysian investment company, plans to issue shares in the stock of Indonesia. However, the plan can not be realized due to hit the Indonesian capital market regulations that have not allow foreign companies take the floor on the stock in the country.
"We continue to communicate with Bapepam-LK (Capital Market Supervisory Agency and Financial Institution). Hopefully, the capital market regulator provides convenience for foreign companies, "said 'CIMB' Group CEO Dato 'Sri Nazir Razak told a news conference after the implementation of the 53rd Annual General Meeting of 'CIMB' Group in Kuala Lumpur yesterday.

Nazir said the current market capitalization of Malaysia's 'CIMB' Group on the stock reached $ 15 billion. If you can be listed on Indonesia, 'CIMB' hopes to become one of the largest investment companies in ASEAN.

"We want to enlarge our market capitalization on the stock of Asia," he said. He said his company wanted to provide opportunities to the Indonesian public to own shares of 'CIMB' Group through the issuance of the shares. "The people of Indonesia can own shares in addition to 'CIMB' Group 'CIMB' Niaga. If the rules are ready, we will become the first foreign company listed its shares in Indonesia, "he said.

Besides in Indonesia, 'CIMB' Group is also planning to issue shares on the Stock Exchange of Thailand. In that State 'CIMB' aims to improve the branding and positioning in order to attract more Thai customers. "Problems in the ASEAN countries together, namely the absence of strict rules regarding foreign companies. In Malaysia any new start, "he said.

In Thailand 'CIMB' Group has received permission from the authority of the issuance of shares of stock since last year. Issuance of shares will be made on the next July with the number of shares issued reached 100 million shares and a target market capitalization of $ 600-800 million Malaysian ringgit. According to him, 'CIMB' is not affected by the political disputes in Thailand. "On CNN there was a news like that, but we remain on plan," he said.

Indonesia Contributors Biggest Profit

On the other hand, Nazir said, in the next five years to target the Indonesian side could become the biggest profit contributor for this Group.Saat 'CIMB' 'CIMB' Group's profits still come from Malaysia's largest, reaching 70 percent of the total profit in 2009 amounted to $ 6, 4 billion.

Meanwhile, 'CIMB' Group's subsidiary in Indonesia, 'CIMB' Niaga and 'CIMB' Securities, contributing approximately 20 per cent profit. Then from Thailand amounted to one percent, while from Singapore and some other countries 5 percent. "In 2015 Indonesia targeted to contribute about 40 percent of total profits. So maybe the biggest of the entire region, "he said. One effort, by 'CIMB' strengthen the market in Indonesia is by acquiring companies multifinancekecil. 'CIMB' is currently carrying out studies on a number of companies.

"We're more interested in the multi for a motor because it has not got. In addition to the well during the last 10 years otofinance very large market opportunity. We must grab this opportunity, "said 'CIMB' Niaga President Director Arwin Rasyid. Arwin said, there are two companies targeted by the asset value of around Rp1 trillion, but the capital is only one tenth of the value of the asset. The decision to acquire will be achieved in June. "Maybe the end of the month ini.Satu this month. So June was to report, "he said. Nazir added that 'CIMB' Niaga will also strengthen its business lines sharia in Indonesia. Growth prospects for Islamic banking in Indonesia is very big.

This condition is the same as Malaysia, 'CIMB' was able to show themselves as Islamic investment bank and the second largest consumersyariah. Arwin said that Commerce Bank will follow the concept of Islamic bank in Malaysia to adopt a dual banking strategy. All branches sooner or later will provide Islamic products. "So when customers come into our branches, they have a choice to save money on conventional or Islamic," he said. (Otofinance)

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Fatal error, from the 'Wall Street'

Friday, May 7, 2010 - 12:0 PM

Reporting NEW YORK - I will convey the global economic news. A fatal error occurred, the computerized system that made possible the cause of a simple typing error. It is called trigger one of the most turbulent days in the history of 'Wall Street', on the trade Thursday, May 6 local time.
Unmitigated, the index of 'Dow Jones industrials' nearly 1,000 points, nearly a tenth of the value of existing trade in less than half an hour. This is the biggest ever decline in the period last year during the trade.

As quoted from the 'Associated Press', on Friday, December 7 May 2010, the index of 'Dow Jones' successfully recovered approximately two-thirds of the reduction of almost 1000 points, before the close of trading.

"Today, it makes me shocked and did not move from my chair. It feels like we are losing control," said chief investment officer at Harris Private Bank, Jack Ablin, in Chicago.

The statement was reinforced by a spokesman for the New York Stock Exchange 'Rich Adamonis who said, "There are a number of erroneous trades during the decline." NYSE told CNBC that there is no system errors due to speculation over a bad trade.

Meanwhile, 'Citigroup Inc.' states, did not find evidence against the trade, after CNBC said it triggered a bad deal with a potentially negative in the middle of the Dow falling 9.2%, which is the biggest decline since December 19, the month of October 1987.
'Nasdaq' to say, after the market close, it would suspend all trade stocks that move more than 60% of their price, or shortly before 2:40 o'clock pm, when the downturn began.

Delays are applied to the trade conducted between the hours of 2:40 PM and 3:00 PM local time. Meanwhile, Procter & Gamble Co. said it was monitoring trading on the stock to decide whether an error occurred in the trading of these shares. how do you think? (Otofinance)

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Black Gold Prices Down, up to USD82

Thursday, May 6, 2010 - 10:30 PM

Reporting NEW YORK - I want to proclaim the news of the price of 'Gold', follows the news ... World oil prices back down deep enough, at the close of trading Wednesday, May 5 local time, after the euro reached its lowest level in the past year, against the dollar Greece amid concerns about debt, traders said.

The market was also hit following the news about the larger-than-expected increase in U.S. oil inventories, which seems to indicate weak demand in the countries of the world's largest energy consumsi.

As quoted from the 'AFP', Thursday 6 May 2010, for New York's main contract, light sweet crude for delivery in June, down $ 2, 77 to USD79, 97. DaLA past two days, the price of 'black gold' plunged $ 6, 22 in two days.

Brent North Sea crude oil for June delivery fell 3.06 dollars to 82.61 dollars per barrel in late New York trading. "Oil retreated for achieving the highest one-year dollar and the euro zone's economic health fears gripped the markets again," said Marius Paun analysts from trading companies ODL Markets.

"With traders fled from the euro, they seek the relative safety of the dollar, which put some pressure down on oil."The main concern about the strength of the global recovery also send a discomfort in the commodities market, with traders worried that any problem in Greece can stop the recovery."

In foreign exchange trading on Wednesday, the European single currency slumped to USD1, in 2804, reaching its lowest level since March 12, 2009. Meanwhile, the U.S. Energy Department announced Wednesday that U.S. crude oil stockpiles rose by 2.8 million barrels last week. That is significantly higher than market expectations for an increase of about 700,000 barrels, according to analysts. (Martinhaeszone)

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Processed food industry, Investment Need to Rp34, 17 Trillion

Tuesday, May 4, 2010 - 21:50 PM

Reporting JAKARTA - The Latest News about .... Industry Ministry of Industry (Kemenperin) project the processed food industry at this year requires an additional investment amounting to Rp34, 178 trillion, or 43.5 percent growth compared with demand in 2009 amounted to Rp23, 817 trillion.

Director of Food Industry Directorate General of Agro and Chemical Industry Kemenperin Faiz Ahmad said the investment needs required to maintain growth in the food industry remains positive.
"Although not as fast as last year which grew approximately 13 percent, Kemenperin target growth of this sector are in the range of 8-9 percent. To spur growth, needed new investment and expansion of business with significant value, "he explained, in Jakarta, Tuesday (04/05/2010).

This year, he said, some companies in the domestic processed food will add to its investments, such as PT Garuda Food, which is a subsidiary Tudung Group.
Besides, he added, PT Nestle Indonesia will expand its business in milk processing industries in Pasuruan, East Java, worth USD100 million. "Manufacturers who drinks brand is a subsidiary business Torabika Mayora Group will expand the business in 2010," he said.

Explains Faiz, mamin industrial competitiveness is relatively stable throughout the year, although the market liberalization of ASEAN-China (ACFTA) applied considering a number of non tariff barriers such as various certifications Food and Drug Supervisory Agency (BPOM), certification of halal products by the Indonesian Ulema Council (MUI) and the Indonesian National Standard (SNI) has been enacted.

"We have indications of increased import of candy products from China. Kemenperin worried about these candy products contaminated with melamine as happened in the past. We ask consumers to be more careful, "he said.

Franky added, although the government has issued a variety of certificate, still there are some associations who complained about this. "The government is really the focus of improving competitiveness, such as labels according to the Indonesian Minister Decree number 42. But there is an association of protest, a compromise is to go specific products filed objections. For example electronics," said Franky.

BPOM, he added, also have issued a decision which law enforcement that there should be no longer placing stickers on products. "We want to do communication with entrepreneurs that may not be a sticker, it should merge with the packaging," he said. (Otofinance)

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In the year 2021, Malaysia to Build Nuclear Power Plant

Tuesday, May 4, 2010 - 20:11 PM

KUALA LUMPUR Reporting - 'Malaysia' yesterday announced it would build a 'nuclear power plants or nuclear power plants' in 2021 as an attempt to anticipate the growing domestic energy needs. "In principle, the cabinet has approved this plan. We will develop nuclear. For those ministries countdown has begun. In 2021 we will have the first nuclear power plant, "said a Ministry of Energy, Environment and Waters of Malaysia. namely Peter Chin in Kuala Lumpur, told the 'AFP', on Tuesday, December 4 mei 2010.

According to the 'Chin' option to develop nuclear energy a solution to the needs of the 'Malaysia'. This is indicated by the absence of another debate between the government because his priority is to convince people who live around nuclear power plant location.

"When the area was determined and identified, we will involve those affected. Must have sincere discussions on energy security," he said. Currently, half the power plants 'Malaysia' run with the fuel gas, coal and hydropower. "The mix of energy in Malaysia is" not healthy ". Increasing energy demand in the future. The future is nuclear. Itula be the only feasible option, "added Chin said.

Chin added, to support his country's nuclear development, the Malaysian Government would hold technology companies of South Korea, France, Japan, and China. As for location, Chin said, the government has identified areas that allow to adjust the level of electricity demand in the area. "We have several places in our minds," he said. But he declined to elaborate in detail.

Based on the funds the Ministry of Energy, Environment and Waters of Malaysia, the level of electricity use in the neighbor country was now achieving 14 000 MW of total available capacity of 23 000 MW.

"In 2017, we will reach a crucial level of need. This is a training tool that is very expensive because we had no choice," he concluded. Malaysian Government owned energy company Tenaga Nasional Bhd said it may build a power plant on the first stage in the country with a capacity of 1000 megawatts (MW) at a cost of USD3, 1 billion.

In order to support the program Malaysian Government asked to see an option amid surging global oil prices and limited supply of natural gas from producing countries. (Otofinance)

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'Gajah tunggal', drill up to 25% sales rise

'PT Gajah Tunggal Tbk' drill sales growth of 15% to 25% in the first quarter of this year, compared with the same period last year amounting to Rp1, 74 trillion. Director 'ales' ie 'Catharina Widjaja' revealed this year the company will realize additional procurement contracts tires (offtake agreement) from the 'Michelin' in this year to three million tires from the original 2 million tires. (Otofinance).

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Sales Producers 'U.S. Automotive' Rising dramatically.

Tuesday, May 4, 2010 - 14:32 PM


Reporting CHICAGO - After receiving billions of dollars in bailout funds and hit the obligation to repair the recall (recall), actors 'automotive' major 'United States of America (USA)' reported sales spike in April.

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'Morgan Stanley' Print Fortunately up to USD1, 8 Billion

22 April 2010 - 13:39 pm

Reporting NEW YORK - 'investment bank' from the United States (U.S.), or 'Morgan Stanley', to make a profit amounting to USD1, 8 billion in the first quarter of 2010. Reverse digit losses last year which had recorded a loss.

Previously for the institutional securities business growth firm based in 'New York' was, Stellar, which deals with institutional clients suffer losses instead USD17 million in the first quarter of 2009.

The financial crisis has threatened to sink the company, which along with Merrill Lynch seems to be one of the most vulnerable on Wall Street after the collapse of Lehman Brothers in September of 2008.

The Company also received assistance from the government amounting to USD10 billion to stay afloat. "We focus on Morgan Stanley's global franchise intensely that helps the office provide better results this quarter, although we still have a lot of work to do," said Morgan Stanley CEO James Gorman, as quoted by the AFP on Thursday 22-4 - 2010.

According to him, the results for the current quarter reflect solid performance such as maintaining the interest rate, credit, currencies and products. In addition, revenues from corporate business to swell USD1, 6 billion to $ 5, 3 billion a year.

"In institutional securities, we started to build sales and trading businesses to pay the entire fixed income and equity platform," said Gorman.

Nevertheless, there were protests that reverberated for bonuses on Wall Street the stock market, where Morgan is almost 50 percent of company revenue spent on compensation, and make the company "italic" $ 4, 4 billion.

In addition, the company also experienced a gain of $ 2 billion figure is obtained as a result of taking a Morgan Stanley Smith Barney, a retail broker who led Morgan and run by Citigroup. (Martinhaeszone)

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Microsoft's Windows Live Fix Soon

Thursday, April 22, 2010 - 13:23 PM

CALIFORNIA Reporting - The Company 'Microsoft' is preparing to launch a new version of 'Windows Live', which is likely to be given the name "Wave 4" by a team from the company's 'Bill Gates' it.

A vice president of Windows Live is 'Chris Jone' explains that at least several thousand people can make an external examination of the services 'latest Windows Live' which is scheduled to commence in the near future.

"We will hold an update to our web service, followed by a beta version of software intended for Windows PC, Mac, and mobile devices," said that out of the mouth 'Jones' as confirmed 'TG Daily', which was quoted on Thursday 22 -4-2010.

"Our approach with a beta release to the public, because we think it is important to build in good condition, learning through the use of data and feedback from users, and make additional improvements that ultimately became the final release," he added.

According to the 'Jones', Wave 4 focuses on three main areas, namely, among others, Messenger, Hotmail and Windows Live Essentials.

"Messenger developed into the companion to your social network, so you can stay in touch more easily with the closest friends in a lot of your services and their use," said Jones again.

"Jones also admitted that the e-mail has changed over the last few years, electronic mail is increasingly becoming an important part to communicate, other than using instant messaging.

For this reason, Jones mentions that 'Microsoft' will perform repairs Hotmail focus to help all people busy to get more email, with the most efficient manner. This means membantua to let users quickly see the most important letter and let you easily mengapus email that is not wanted.

"Additionally, we will make navigation a much simpler and easier via email, whether you share and edit Office documents with colleagues, or share your vacation photos with friends and family," he said.

In addition, with the 'Windows Live Essentials', 'Microsoft' guarantees to provide a 'gateway' to accommodate the specific social networking service that many people have, which sometimes have more than one account.

"Windows Live Essentials includes the best tools for managing photos, making movies, and keep in touch with your closest friends, all designed to force the PC Windows 7," Jones said.

"We will focus on the PC you connect to your social network, your photo sharing service, your phone and another PC - and help you keep things in sync on all the devices you use," says Jones. (Martinhaeszone)

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Directorate General of Taxes Not Have Tools to Calculate Tax Leakage

Tuesday, April 20, 2010 - 17:55 PM

JAKARTA Reporting - DGT "F Tjiptardjo" admitted to not having a system that measures the amount of tax leakage that occurred in instansinya.
Thus, he can not confirm the amount of leakage can ensure that occur every year due to a mischievous act of his subordinates.

"I do not know where his ngitung leak, hard ngitung leakage. Yes we ngitung her just how much goals which must be secured. Enggak the leaks are tools for measurement his breast. We were focused on how to secure acceptance," he said after meeting Listen Comments by Commission XI DPR RI, in Commission XI DPR, Senayan, Jakarta, Tuesday 20 april 2010.
Meanwhile, the findings related to the CPC which states the existence of tax leakage of up to Rp96 trillion, he admitted could not follow up on these findings today.

According to him, the government has a right of reply 60 days from the findings. But she admitted to have just received the report at the end of March and so is currently in the process of clarification.

"I frankly have just received, the office had just received approximately March last and the government still have 60 days to answer," he said. (Otofinance)

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Fraud Goldman Sachs, Wall Street crushing o'clock!

NEW YORK - Despite the past five days in advance is always experienced reinforcement, the index on the "Wall Street" tumbled in trading closed on the weekend. Fraud cases that happen (fraud) that allegedly committed "Goldman Sachs" and the projected worst U.S. financial statement issuers snapper are suspected to be the main reason.

as quoted from Reuters, on Saturday April 17, 2010, investors chose to secure its investment first. Decline in the stock index was the biggest in nearly two months.

Index "Dow Jones' fall by 125.91 points, or 1.13 percent at 11018.66. Index Standard & Poor's 500 fell 19.54 points, or 1.61 percent to a level of 1192.14. Similarly, the Nasdaq composite index fell 34.43 points, or 1.37 percent to 2481.26 position.

Goldman's own shares have declined by 13 percent to $ 160, 89. This is the worst record since January 2009, where as many as over 100 million shares released to investors.

This occurred after the Securities and Exchange Commission (SEC) said one of the largest firms on Wall Street inveetasi are committed fraud in debt-related products subprime mortgage.

"It will take a long time for market participants to digest this problem. They (investors) would think if this can happen with Goldman, would be able to happen also with other banks," said president of Global Investment Trends, Tom Lydon, in Newport Beach, California.

As a result, shares in the financial sector worldwide has experienced a decrease due to investors who flocked out of the market. Looks investment bank Morgan Stanley are also falling as much as 4.7 percent to $ 29, 42 while the KBW bank index fell 3.6 percent. CBOE Volatility index also measures the level of investor worries Wall Street rose by as much as 16 percent.

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Indonesian Government's Proposed No Negotiation about Tax Ratio

Yogyakarta Reporting - Economist Mutual Fund Research Institute, "Purbaya Yudhi Sadewa" suggested the government should not negotiate with the Indonesian House of Representatives about the tax ratio (the ratio of taxes).

Because it concerns the performance in achieving the targets agreed upon with the assumption that the House of Representatives.

"The Indonesian government has given the power to run the government. It is better to receipts submitted to the Indonesian Government not to discussions with the House. Later on when baseball on target then can there dimaki-maki (DPR), but do not negotiate on it," he said when met at the office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Friday (16/4/2010).

In addition, he also advises not to try to raise the tax ratio for tax ratio was determined based on the target has been achieved the Indonesian Government. If still want to be raised still need some time.

"Do we determine the numbers in the sky because it will be in the clouds. Other countries there are 20 percent, but please do not be achieved within one to two years, needs fundamental change," he said.

Earlier, experts from the input document of Commission XI of DPR RI Budget Simulation Macro-P Asumis cited okezone 2010, the House Commission XI forcing the Indonesian government to increase the tax ratio to 13.5 percent of GDP this year to support the creation of economic growth 6.2 percent in order to keep the budget deficit remained 2.1 percent of GDP.

In the data, with the House Commission XI on calculating tax ratio 13 per cent of gross domestic product (GDP) Rp6.050 trillion, the tax collection increased to Rp786, 5 trillion, bringing the total state revenues increased to Rp1.028 trillion.

With these assumptions, there are a number of scenarios that appear related to the correlation between the tax ratio, economic growth and budget deficits.

However, if spending is maintained at Rp1.104, 6 trillion, then state revenues potentially up to Rp1, 028 trillion, with a permanent record deficit Rp76, 55 trillion. If the budget deficit was kept Rp129, 8 trillion, or 2.1 percent, the state expenditure could be increased to Rp1.157, 8 trillion.

Meanwhile, if the Government of Indonesia is able to raise the tax ratio to 14 percent of the required increase of 16 percent or a total of Rp847 trillion. If the tax ratio increase of 15 percent of the tax revenue needed Rp907, 5 trillion or an increase of 24 percent.

Even if, based on initial demand of the House of Representatives Commission XI tax ratio increase of 16 percent, the government of Indonesia needs to boost tax revenue rose by 32 percent or a total of Rp968 trillion.

In the meeting last night, the amount of tax ratio is yet to be decided and will be specifically discussed between the Government of Indonesia and the House of Representatives Commission XI on next week. (Martinhaeszone)

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6 Tips Being a businessman without capital

Yogyakarta Reporting - demands an increasingly difficult time right now, getting people to keep their kitchen stays on, alias could support their family needs.

become a small businessman, although certainly be done, despite already having a regular job. But sometimes to start a business is not exactly an easy thing.

Capital may be a major problem faced by every businessman or entrepreneur. This is what always makes people fail to run their business. Money will always be the benchmark of failure or success of their business. Though, not always money to be a major problem.

In book 20 of the Capital Business Opportunities Y Reny knee works daras books published, as quoted okezone, Saturday April 17, 2010, said if one of independent businesses that do not need capital at all is to work out the alias to be freelance.

To become an editor, translator, writer, tutor, web or graphic designers, even a real estate agent, you basically do not need any money in capital. All you need is expertise in capital in accordance with your freelance work.

However, to become a freelancer or freelance, there's a good idea to look at six tips to become entrepreneurs without capital below:

1. Choose a job you really like.
Your goal freelances to work without the pressures and stress free. The result? No question about it. Besides getting a reasonable income, you can enjoy the job. Well, it would be nice if you choose a job you like, or indeed become your hobby.

2. Choose a job you truly mastered.
There was a time, love what you do not become something you can do well. When determining the work to be engaged, you also must consider this.

As an example, for you who has the talent to sell, you better be a businessman rather than an actual web designer you prefer, although not quite mastered. But you also have to remember when choosing a profession, there is no element of compulsion in it.

3. Continue to study and no surrender.
The main key to the success of a freelancer (the term for freelance workers), one of them is the willingness to continuously learn and open to new things that can support their work. Because, it basically involves the belief on others.

In addition, never give up attitude is also needed. Especially when you're trying to impasse. How to cope with looking for alternatives promotion or new business ideas that can arouse your business.

4. could Discipline Yourself.
Being a freelancer is certainly not bound by the monotony of working hours and always relaxed. But that does not mean you can arbitrarily and belittle your work for granted.

Requisite discipline, because only with discipline, the work can be completed properly. Without discipline, an employer will not be able to finish the job on time.

5. Extend an extensive network.
No matter what your freelance job, has a vast network is a must. Without a network, would be very difficult for you to survive in the midst of competition.

For a freelancer, the continuity of work also means more and more increase in purse money into their pockets. Bundle of funds will also automatically flowing into your account, as long as you are consistent with your chosen business field.

6. Clever Promotion.
Not just to promote merchandise, you also must be able to promote myself in front of the client. The success of the campaign carried out can be seen from how much you earn working network.

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Mutual Funds Can Be an Asset Base KPD

NEW YORK Reporting - In No V regulation G6 of Customer Funds Management Guidelines Based on the Nature Fund Management Agreement and the Individual by Bilateral Investment Manager to be signed by the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) stated, mutual funds, certificates of deposit, and KIK EBA is an effect that can be an asset base in fund management contracts (KPD).

"Deposits that include the effect, but we limit may only be 25 percent," said Chairman of Bapepam-LK Fuad Ahmad Rahmany in Jakarta.

He explained that these restrictions because the deposit is a banking product, while investment managers (MI) is the manager of capital market securities. If the placement of deposits as the underlying asset exceeds the limit of rupture determined in the regulation, the regulator will give a deadline for fund to reduce the rates.

However, if MI is ignored, Bapepam-LK will confront while on the repo, it still will look into the matter whether the entry into securities? However, according to him, in terms of accounting, including securities, while it substantially repo borrowing money.

"It is still debated. (Repo) are still in the gray area," he said.

The plan, these rules will be ratified at the end of March. Then, back to Thursday (15/4/2010) ini. until that happens, according to Fuad, because there are some changes in the draft rule is still communicated with the players in the industry.

"So in this new KPD rules do not let the little things so much trouble," said Fuad.

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Weekends, JCI fact eroded by Asian markets

YOGYAKARTA REPORTING - Combination of stock price index (CSPI) weekend experiencing weakness in Asian stocks that occur create (CSPI) trailed, although the observed global market improves. entirely internal to the sector moves increasingly weakened.

At the end securities trading "shares" on Friday 16 April 2010, "JCI" weakened 21.86 points, or about 0.75 percent to 2878.67 level. JII fell 2.13 points to 464.79, LQ45 Index fell 5.05 points seemed to 557.41.

A total of 131 stocks fell from the value of the transaction which was recorded at Rp3, 32 trillion, with a volume of 4.35 billion shares. 70 shares and 74 shares did not move higher.

In the Asian region, the index fell as much as 171.61 points Nikei or 1.32 percent to 11102.18, the Straits Times index fell 9.75 points, or 0.32 percent to 3007.19. and the index on the "Hang Seng" down 292.56 points, or 1.32 percent to 21865.26,

All shares in various sectors was observed to have weakened, which leads to the weakening of commodity sectors around for 22 points, while the mining sector fell as much as 4.75 points. Pda only property sector that observed by about 0.4 points higher. (martinhaeszone)

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Acquisition "Carrefour", "CT" Can loan up to Rp3 Trillion

Yogyakarta reported - Carrefour is currently held by the conglomerate that is "Chairul Tanjung". Through the media, Trans Corp., owner of two private television stations in Indonesia is acquiring 40 percent of the French hypermarket shares, worth USD300 million, equivalent to Rp3 trillion rupiah.

According to a media entrepreneur who is familiarly called "CT", the funds used to streamline the business expansion loans obtained from the consortium. "That consists of Cuisse Credit, Citibank, JP Morgan and ING," said the founder of the Group in a press conference at Menara Bank Mega, the city of Jakarta, on Friday the 16th of April 2010.

In a strategic partnership, "the Trans Corp." has bought 40 percent shares of PT Carrefour Indonesia and became the largest single shareholder, while the holders of other shares are Carrefour SA or up to 39 percent, "Carrefour Nederland BV" until with 9.5 percent and onesia BV to 11.5 percent

"CT" itself will be served as a President Commissioner of "PT Carrefour Indonesia", nor "Retired General AM Hendropriyono" and former Chief of Police of the Republic of Indonesia "S Bimantoro" has been defined as Komisasris. (Martinhaeszone)

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