Pertamax Down 100, Pertamina Want to Give Incentives

JAKARTA - There is good news for you users of fuel oil (BBM) Non-Subsidy Pertamax cs from Pertamina. To UPMS III (Greater Jakarta) Pertamina lowered the price of Rp100 per liter Pertamax in Jakarta from previously Rp8.050 per liter to Rp7.950 per liter from 3 February.

This price reduction is surprising because just two days from the announcement of the increase Pertamax cs Pertamina official who submitted February 1 last. Usually Pertamina announced the non-subsidized fuel prices twice a month, that is every 1st and 15.

"We really just want to give more incentives to the public by consolidating the price, so the new price could be adjusted. It's quite a good response from the community so that incentives can be immediately accepted and increase existing coverage," said VP of Corporate Communications Pertamina M Aaron while talking with Legal, in Jakarta on Friday (02/04/2011).

Aaron also argue that the decline in prices that just two days of official announcement is a reaction from competitors set prices that are cheaper than the price of Pertamina early February. "I do (to follow). They (competitors) are used to follow us," he explained.

Compared with last year, Pertamax consumption this year is somewhat improved a lot compared to last year. Last year pertamax daily volume of only 1300 kl (kl) per day, and this year approximately 2500 kl per day. So, although prices continued to rise but Pertamax jutru volume increases.

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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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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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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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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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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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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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