NO GUARANTEE AT USD 100 MILLION MORE
The threat of the crisis on the Indonesian economy has passed. Macroeconomic policy stakeholders were central review several post-crisis policy. One of them, a matter of policy the deposit guarantee limit on bank customers. Reduce the value of the guarantee policy is under review, said Firdaus Djaelani, Chief Executive of the Deposit Insurance Agency (DIA).
However, the decision in the hands of the government and have consulted with the Parliament, so that provisions guaranteeing maximum customer funds up to USD 2 billion.
LPS see the current condition of Indonesia's economy has been far more peaceful, stable, and relatively far from the threat of the crisis, despite the economic uncertainty in Europe in recent years had sparked unrest in the global market. Needs assessment from the Ministry of Finance and Bank Indonesia (BI) prior to changing the boundaries of the guarantee, said Firdaus.
Post-crisis policies are also being reviewed is the BI policy matter of statutory reserves and short-term funding facility for banks. Given the many policies that should be reviewed, Firdaus guarantee limit is difficult to predict the changes made this year.
Before the global financial crisis burst in 2008, LPS only guarantee funds in banks under the USD 100 million. However, when the financial crisis of 2008 exploded and Singapore implemented a full guarantee, the government decided to raise the guarantee limit to $ 2 billion.
Although the discourse of decline now appears that the guarantee limit, Paradise explained, most likely will not return to the original boundary, ie USD 100 million.
There are provisions which became ancar-ancar determination of collateral value in many developing countries, amounting to five to six times income per capita. If our current per capita income of U.S. $ 3,000 per year, the maximum value of approximately USD 200 million guarantee, it is clear Firdaus.
Banking circles a little worried to hear that plans to change the guarantee limit. Vice President Director of Bank Panin Roosniati Salihin hope that the stakeholders be careful issued a policy. Do not to cause unnecessary shocks.
According Roosniati, too drastic if the guarantee numbers down from USD 2 billion to USD 100 million. Need to transition to industry and society are ready. Our economy is far from crisis, but such a policy can not be drastic.
Bank BRI President Director Sofyan Basir added LPS suggests growth in third party funds (TPF) as the considerations set a limit on the guarantee. To get a clear picture of the banking risks in collecting deposits.
TOM CHANCE Aaker still hang, BI WAIT TEST RESULTS
A series of names of prospective chief executive of banking is still awaiting the results of the fit and proper test of the Bank Indonesia (BI). One of them was a candidate for the Chief Executive Officer (CEO) of Standard Chartered Bank (Standard Chartered), Indonesia, Tom Aaker.
As planned, Aaker will replace the old CEO of Standard Chartered, Simon Morris. Name Aaker, he holds an MBA from the Kellogg School, Nortwestern University in Chicago, United States, have entered into the BI since November 2009. Yet, somehow, even though six months had passed, until now Aaker not being obtained results are fit and proper test.
Senior Manager Public Affairs Amirnarno Kemaputra Standard Chartered said, until now it was still awaiting the results of the fit and proper test by Tom Aaker. We still have not received test results from the BI, he said.
BI recognizes Aaker selection was considered long. Director of Licensing and Banking Information BI Joni Swastanto revealed, it should check and double cross-check in advance with the bank authorities in the State Tom Aaker had served previously. Now we just wait for the approval of the BI alone, said Joni.
Joni said, the actual process does not only happen to Aaker, but also applies to other foreign bankers. That's because I have to ask the bank supervisory authorities in the State was the last person on duty, obviously Joni.
Aaker is the banker of U.S. citizens (U.S.). Aaker himself began his career at Standard Chartered in 1993. During his career, Tom has held several important positions in Standard Chartered Hong Kong, UK and U.S.. Prior to Indonesia, Aaker served in Zambia, Africa, as managing director and served as CEO of Standard Chartered Qatar, the Middle East.
Just infirmasi, the performance of Standard Chartered in Indonesia counted fairly. Last year, net income reached USD 605.9 billion, Standard Chartered. This figure is greater than their net profit in 2008 amounted to Rp 551.9 billion.
INCREASED FUNDING, FUNDS ON SHARIA BANKS BI to shrink
Piggy bank Bank Indonesia Wadiah sharia (SWBI) or SBI Syariah increasingly shrinking. Citing BI data at the end of March 2010 and, in SWBI funds remaining in the USD 2.42 trillion, down 27.27% from the end position in December 2009 which amounted to Rp 3.08 trillion.
Director of Bank Syariah Mega Indonesia Beny Witjaksono said there were two things that cause a decrease in funds SWBI. First, the upward trend of Islamic banking financing. This year's average of Islamic bank financing is targeted to grow 30%, said Beny, who is also Treasurer of the Association of Indonesian Islamic Banking (Asbisindo) this.
In late March, the total funding that has been distributed by the Islamic banking to reach Rp 50.21 trillion. That is, within three months managed to record growth of Islamic banking financing amounted to 7.13%. In late December 2009, total Islamic banking financing recorded Rp 46.87 trillion.
The height distribution of financing by the end of March 2010 and indicated by the increase financing to deposit ratio (FDR) to 95.07%. In fact, in December 2009 and FDR Islamic banking is still 89.7%.
The second factor, this transfer of funds from SWBI to the sukuk. The reason, for Islamic banking can get higher yields on the sukuk than in SWBI aka SBI Syariah.
Understandably, coupons provided by the sukuk reached 10% while SBI Syariah coupon is only 6.5%. However, Islamic banks still need this because the highly liquid instruments and short tenornya so well suited to manage liquidity, said Beny. While the sukuk investment choice because tenornya longer and greater the yield.
Director of Syariah Bukopin Riyanto added, SWBI this downward trend is already visible in the mid-year 2009. The reason Islamic banks rarely have liquidity problems. Islamic banks prefer to channel financing. This year 2010, Bukopin Sharia finance growth target to reach 30% -40%. Year 2009 and then, Bukopin Sharia financing channeled Rp 1.28 trillion.
Beny added, the decrease in SWBI Islamic bank funds is not related to space BI policy SBI and SBI auction schedule Sharia.
REVISED GOVERNMENT SO KUR Rp 13.5 TRILLION
The government decided to revise the target distribution of the People's Business Credit (KUR) in 2010 from Rp 20 trillion to Rp 13.5 trillion. The reason, KUR policy changes that became effective from the end of February 2010 must be followed by adjustments of the banking circles.
According to the logic grants, Deputy Coordinating Minister for Economic Affairs and Finance Macro, one of the policy change is an adjustment KUR assurance requirements, payment of underwriting fees, and reporting. This rule is amended through Regulation of the Minister of Finance (PMK) Number 22/PMK. 05/2010 concerning the Second Amendment Number 135/PMK PMK. 05/2008 on Guarantee Facility KUR.
To KUR, the government actually has set aside Rp 2 trillion of investment in the State capital (PMN) in this 2010. Of those funds, Rp 1.85 trillion was allocated to the underwriting fees. If the gearing ratio of 10 times, is expected to ensure the disbursement of Rp 18.5 trillion KUR, clearly grants.
Previously, banks were targeted delivery to dealers KUR Rp 18.2 trillion, in 2010 this year. Take the example of PT Bank Rakyat Indonesia Tbk (BRI) which target the distribution of KUR worth Rp 11.76 trillion. Details, or disbursement of microcredit loans berplafon KUR Rp 5 million, amounting to Rp 8.09 trillion, and retail credit or credit KUR worth more than Rp 5 million, amounting to Rp 3.67 trillion.
PT Bank Mandiri Tbk target the distribution of KUR Rp 1.25 trillion and PT Bank BNI Tbk (BNI) Rp 1 trillion. While the State Savings Bank (BTN), PT Bank Syariah Mandiri and PT Bank Bukopin each target of Rp 316 billion, USD 115 billion and Rp 350 billion. The rest, distributed by the 13 Regional Development Bank (BPD), which became the new executive of Bank KUR program amounted to Rp 3.5 trillion.
Erlangga said, channeling KUR in April 2010 reached Rp 1.35 trillion. Currently, the total outstanding KUR distribution since the program was rolled in the year 2007, had reached Rp 19.2 trillion. BRI is still the most widely distributed KUR bank. At the end of March 2010, BRI has been disbursed to the Rp 13.73 trillion KUR. These funds are provided to more than 2.52 million customers across Indonesia, said Abdul Salam, Director of Finance BRI.
FOREX INCOME tumbled BCA
Weakening United States dollar exchange rate (U.S.) during the first quarter 2010 impact on the decrease of foreign exchange earnings of PT Bank Central Asia Tbk (BCA). Deputy Director John Setiaatmadja BCA disclose, in the first quarter of 2010, foreign exchange earnings BCA only Rp 45 billion.
Though in the same period in 2009, revenues in the post has reached USD 210 billion. Our position so long as the dollar exchange rate dropped, revenues related to foreign currency also decreased. BCA gains from the spot and derivative transactions also fell. During the first quarter of 2009, BCA, foreign exchange and derivative gain of Rp 279 billion. Year 2010 was only Rp 267 billion.
Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts
Saturday, June 5, 2010
Monday, May 31, 2010
GLOBAL ECONOMY CRISIS
Joint US-China will
United States (U.S.) and China agree to strengthen cooperation ties the two countries and encourage the global economic balance. However, both countries had not yet reached agreement about yuan revaluation. As U.S. was encouraging savings and investment, China is also trying to change the model to encourage the growth of domestic demand and consumption, said Treasury Secretary Timothy F. Geithner.
According to the U.S. Geithner, the State with the largest economy in the world and China is in third place, have the same interest to build a global financial system more stable and not prone to crisis. Innovation is well developed when the market opened, unfair competition, and no protection for ideas.
Geithner did not mention about yuan revaluation. He just said, in the global trade of all countries need to get treatment, risk sharing, and a fair profit.
Economy Still Growing
Thailand's economic conditions before a bloody political crisis and unrest was being nice-nice. The Government of Thailand, dated May 24, 2010, reported that gross domestic product growth (GDP) in quarter one 2010 to the highest level since 1995.
Thailand's first quarter GDP growth of about 12% higher than first quarter 2009 GDP. Previously, economists surveyed by Bloomberg estimate that first quarter GDP in 2010 only about 9% higher than GDP growth in first quarter 2009.
Post-political unrest, economic Thailand has become vulnerable because domestic demand slumped. The crisis will create economic growth in the second quarter eroded, said Lim Su Sian, Economist, Royal Bank of Scotland. Thai Finance Minister Korn Chatikavanij said the demonstration which lasted more than two months of 0.3% -0.5% cut its economic growth. This does not include investor confidence.
Crew of British Airways Strike
Airline cabin crew of British Airways, began running the strike, on May 24, 2010. Strike action due to British Airways officials failed to determine the point about salary, holidays, and working conditions with the management of that airline. In fact, British Airways Chief Executive Willie Walsh and union leaders Tony Woodley recriminations about the failure of these negotiations.
UK airline management is still operating 60% express long-distance flights and 50% short-haul flights from Heathrow Airport, London. Approximately 70% of passengers can be transported to the destination.
Flight of the other two airports in London, Gatwick and City did not affect the strike is expected to last five days. Two strike continued to be made on May 30 and June 5, 2010 if negotiations are not also fruitless. BA was experiencing financial difficulties after recording a net loss in 2009 amounted to euro 531 million or U.S. $ 763 million.
Germany 10 billion euro budget cut
The German government is likely to take steps to cut its deficit budget savings. State budget cut was rumored to be around euro 10 billion or U.S. $ 13 billion per year until the next 2016 years.
Germany made the move to set an example for the member countries of the European Union (EU) is facing another budget deficit pressures. Germany also wanted to show that EU countries should be able to comply with EU budget deficit not higher than 3% of gross domestic product (GDP).
Reuters Financial Times quoting sources in the Government of German Chancellor Angela Merkel, reports, policies, budget reductions will take place from two sides. The first way to raise taxes. Second, Germany would reduce government spending.
Whereas before, the German coalition government has promised to make the issue of tax cuts as their main agenda. The main target of budget cuts is a lower subsidy policy. Include withdrawal of concessions and tax exemptions are already running, according to the Financial Times reported.
Until now, the Germans continued to press the user countries to focus on the euro currency to cut its budget. This State Government believes the budget savings measures is the only way for the EU to be able to return to calm market confidence against the euro. That's also the best way to avoid this area of the financial crisis.
The threat of economic crisis in Europe had brought fear among global investors. They assumed, United States (U.S.), Spain, and Greece are the countries most at risk of failing to pay debts (default). That was revealed by the investment firm Pacific Investment Management Co. (PIM), which manages the world's largest bonds fund.
According to Jhon Wilson, Head of PIM Australian unit, the company is currently selecting investments in emerging markets that offer higher return than the interest savings. Risk is also lower asset bubble and the greater capacity of government spending without a budget cut plan.
Emerging market investments are targeted, among others, Brazil, Mexico and Russia. Wilson said, although there is support from the EU and the IMF, the Greek ability to manage its debt is still very risky. Other countries are also at high risk are Ireland, Spain, France, USA, UK, Italy, Portugal, and Japan.
Singapore inflation Recording Records
The consumer price index (CPI) or Singapore's annual inflation rate during April 2010 increased by 3.2% over the previous year. This became the highest inflation in the last 14 months. This figure is well above the forecast of economists surveyed by Bloomberg, who estimates that April inflation rose by 2.6%.
Lion Country triggers inflation in April 2010 was the economic acceleration that has been recovered from the global crisis. Economic recovery and then trigger an increase in labor demand raise transportation tariffs, property prices, and the food. Without including the cost of accommodation, inflation in Singapore in the month of April 2010 increased by 3.9%.
Singapore Statistical Bureau in its report, dated May 24, 2010 reveals, April inflation was also up 0.9% from the inflation rate in March 2010. Statistics bureau officials said, the biggest contribution of inflation in April 2010 is the increase in transportation costs and property.
The government explained, due to rising prices of gasoline cars and the cost of transportation in the month of April 2010 increased by 3.3%. Then housing prices rose 1.1%, which includes fees for services and hospital care. Accommodation costs and tariffs listrk also increased. While the cost of recreation and other activities increased by 0.8% due to increase in the price package tours.
Meanwhile, inflation during the first four months of the year 2010 or year to date increased 1.5% over the same period in 2009. Domestk price hike that triggered inflation will start to crawl in the second half and the more visible in 2011, said Alvin Liew, Economist, Standard Chartered Plc.
Liew added tightening measures the government to issue Singapore dollar policy has helped reduce inflation from imports. Last month, Singapore's central bank has predicted inflation will rise sharply in coming quarters, driven increase in wages and business costs push up consumer price increases.
United States (U.S.) and China agree to strengthen cooperation ties the two countries and encourage the global economic balance. However, both countries had not yet reached agreement about yuan revaluation. As U.S. was encouraging savings and investment, China is also trying to change the model to encourage the growth of domestic demand and consumption, said Treasury Secretary Timothy F. Geithner.
According to the U.S. Geithner, the State with the largest economy in the world and China is in third place, have the same interest to build a global financial system more stable and not prone to crisis. Innovation is well developed when the market opened, unfair competition, and no protection for ideas.
Geithner did not mention about yuan revaluation. He just said, in the global trade of all countries need to get treatment, risk sharing, and a fair profit.
Economy Still Growing
Thailand's economic conditions before a bloody political crisis and unrest was being nice-nice. The Government of Thailand, dated May 24, 2010, reported that gross domestic product growth (GDP) in quarter one 2010 to the highest level since 1995.
Thailand's first quarter GDP growth of about 12% higher than first quarter 2009 GDP. Previously, economists surveyed by Bloomberg estimate that first quarter GDP in 2010 only about 9% higher than GDP growth in first quarter 2009.
Post-political unrest, economic Thailand has become vulnerable because domestic demand slumped. The crisis will create economic growth in the second quarter eroded, said Lim Su Sian, Economist, Royal Bank of Scotland. Thai Finance Minister Korn Chatikavanij said the demonstration which lasted more than two months of 0.3% -0.5% cut its economic growth. This does not include investor confidence.
Crew of British Airways Strike
Airline cabin crew of British Airways, began running the strike, on May 24, 2010. Strike action due to British Airways officials failed to determine the point about salary, holidays, and working conditions with the management of that airline. In fact, British Airways Chief Executive Willie Walsh and union leaders Tony Woodley recriminations about the failure of these negotiations.
UK airline management is still operating 60% express long-distance flights and 50% short-haul flights from Heathrow Airport, London. Approximately 70% of passengers can be transported to the destination.
Flight of the other two airports in London, Gatwick and City did not affect the strike is expected to last five days. Two strike continued to be made on May 30 and June 5, 2010 if negotiations are not also fruitless. BA was experiencing financial difficulties after recording a net loss in 2009 amounted to euro 531 million or U.S. $ 763 million.
Germany 10 billion euro budget cut
The German government is likely to take steps to cut its deficit budget savings. State budget cut was rumored to be around euro 10 billion or U.S. $ 13 billion per year until the next 2016 years.
Germany made the move to set an example for the member countries of the European Union (EU) is facing another budget deficit pressures. Germany also wanted to show that EU countries should be able to comply with EU budget deficit not higher than 3% of gross domestic product (GDP).
Reuters Financial Times quoting sources in the Government of German Chancellor Angela Merkel, reports, policies, budget reductions will take place from two sides. The first way to raise taxes. Second, Germany would reduce government spending.
Whereas before, the German coalition government has promised to make the issue of tax cuts as their main agenda. The main target of budget cuts is a lower subsidy policy. Include withdrawal of concessions and tax exemptions are already running, according to the Financial Times reported.
Until now, the Germans continued to press the user countries to focus on the euro currency to cut its budget. This State Government believes the budget savings measures is the only way for the EU to be able to return to calm market confidence against the euro. That's also the best way to avoid this area of the financial crisis.
The threat of economic crisis in Europe had brought fear among global investors. They assumed, United States (U.S.), Spain, and Greece are the countries most at risk of failing to pay debts (default). That was revealed by the investment firm Pacific Investment Management Co. (PIM), which manages the world's largest bonds fund.
According to Jhon Wilson, Head of PIM Australian unit, the company is currently selecting investments in emerging markets that offer higher return than the interest savings. Risk is also lower asset bubble and the greater capacity of government spending without a budget cut plan.
Emerging market investments are targeted, among others, Brazil, Mexico and Russia. Wilson said, although there is support from the EU and the IMF, the Greek ability to manage its debt is still very risky. Other countries are also at high risk are Ireland, Spain, France, USA, UK, Italy, Portugal, and Japan.
Singapore inflation Recording Records
The consumer price index (CPI) or Singapore's annual inflation rate during April 2010 increased by 3.2% over the previous year. This became the highest inflation in the last 14 months. This figure is well above the forecast of economists surveyed by Bloomberg, who estimates that April inflation rose by 2.6%.
Lion Country triggers inflation in April 2010 was the economic acceleration that has been recovered from the global crisis. Economic recovery and then trigger an increase in labor demand raise transportation tariffs, property prices, and the food. Without including the cost of accommodation, inflation in Singapore in the month of April 2010 increased by 3.9%.
Singapore Statistical Bureau in its report, dated May 24, 2010 reveals, April inflation was also up 0.9% from the inflation rate in March 2010. Statistics bureau officials said, the biggest contribution of inflation in April 2010 is the increase in transportation costs and property.
The government explained, due to rising prices of gasoline cars and the cost of transportation in the month of April 2010 increased by 3.3%. Then housing prices rose 1.1%, which includes fees for services and hospital care. Accommodation costs and tariffs listrk also increased. While the cost of recreation and other activities increased by 0.8% due to increase in the price package tours.
Meanwhile, inflation during the first four months of the year 2010 or year to date increased 1.5% over the same period in 2009. Domestk price hike that triggered inflation will start to crawl in the second half and the more visible in 2011, said Alvin Liew, Economist, Standard Chartered Plc.
Liew added tightening measures the government to issue Singapore dollar policy has helped reduce inflation from imports. Last month, Singapore's central bank has predicted inflation will rise sharply in coming quarters, driven increase in wages and business costs push up consumer price increases.
Friday, May 28, 2010
INVESTMENT AND SHARE
WIKA Attract U.S. $ 314 Million Project
PT Wijaya Karya Tbk (WIKA) have finally succeeded in winning the tender for the development of Chemical Grade Alumina (CGA) is owned by PT Indonesia Chemical Alumina (ICA), a subsidiary of PT Aneka Tambang Tbk (ANTM). WIKA Tsukishima Kikai Co. along with. Ltd., and PT Nusea has been appointed to work on the Engineering, Procurement, and Construction (EPC).
Bimo Budi Satriyo, ANTM Corporate Secretary, said that with this appointment, and a consortium currently WIKA ICA Group, will begin negotiating the terms and conditions of the EPC project. Ben hopes this project can commence construction in 2010 and begin commercial operations in 2014. This project is planned to produce 300,000 tons per year CGA.
After winning the tender was announced, the next ANTM live thinking of financing the project. They were trying to get funding from the Japan Bank For International Cooperation (JBIC). If JBIC is not capable of providing maximum funds, ANTM will try to get it from another commercial bank.
Construction is expected to be carried out in the fourth quarter of 2010 was, according to Alwin Syah Loebis, Director of ANTM.
CGA in project development, ANTM collaboration with two Japanese companies, namely Showa Denco KK (SDK) and Marubeni Corporation. ANTM project will finance 35% from 65% internal cash and bank loans.
Company Secretary Argawan Christmas WIKA WIKA confirmed the news that the consortium had won the tender with such ANTM. Project value of around U.S. $ 314 million, said Christmas.
Christmas added, this time his side were discussing how many servings of each company in this project. WIKA portion of the project, hopes to get about Rp 1.3 trillion.
To fund the 30% requirement of this project cost, WIKA will use internally generated cash. The rest is a combination of advances, loan payments and continued to third parties. We are still counting his cash flow, added Christmas.
In the first quarter-2010, at WIKA available cash funds amounting to Rp 997.69 billion. This company has a bank loan amounting to Rp 122 billion. Currently WIKA still bagging facilities from several banks, such as a bank guarantee from BRI worth Rp 1.5 trillion and DBS Bank of Rp 175 billion. WIKA facility could be used to supplement working capital projects. In January-March period, the net profit grew 40% WIKA to Rp 64.27 billion.
Bhakti Securities analyst Reza Nugraha rate, to be fair if the winning bidder WIKA Tayan project. As a fellow state-owned, very disadvantaged position and WIKA WIKA also has good credibility, said Reza.
He noticed, during this approximately 60% -70% WIKA projects comes from the government. Hence, Reza rate in 2010 and 2011, WIKA very good prospects as the number of government infrastructure projects. Conditions that would automatically push up revenues WIKA.
Projections No Makers
Fluctuations Composite Stock Price Index (CSPI) on May 24, 2010 was not predictable. At the first session of trading, the index is still likely to rise after last week continued to weaken. However, at the second session until the close of trading, the index fell and ended at 2609.61 level, 0.52% lower than the closing position, dated May 22, 2010.
JCI decline in the second session is due to collapse of stock prices of seven issuers in Bakrie Group, which is popular among investors as The Seven Brothers. Look at the price of shares of PT Bumi Resources Tbk (BUMI) tumbled 16.24% to 1780 per-share position.
Ironic, though the regional indices are generally green. JCI failed to take advantage of the momentum from the strengthening of Down Jones index at the weekend and regional indices. We expect the index will still be under pressure for the short term, said Purwoko Sartono, Panin Securities analyst.
Likewise, Tasrul Tanar, analyst with OSK Nusadana, see, JCI will move is uncertain. According to him, the index will try to 2584-2680 levels. To date May 26, 2010, I recommended shares of banks such as BMRI, BBCA and BBRI.
Purwoko actually recommend avoiding shares of consumer goods and commodities stocks are still volatile. JCI, according to him, dated May 25, 2010 will move in the range 2575-2630.
Prone Prediction Correction
Unlike the Composite Stock Price Index (CSPI), which is still anemic, the exchange rate on May 24, 2010 again showed tajinya. Based on the middle rate of Bank Indonesia (BI), exchange rates are in Red and White is the level of USD 9269 per dollar, the United States (U.S.), or 0.71% higher than the previous day's closing. In the spot market, until around 16:59 pm, the rupiah also gained 0.13% to a level of Rp 9268 per U.S. dollar.
The strengthening of rupiah time is actually much underpinned by the strengthening of the index in the first session. In addition, regional currency carried sentiment that also experienced a strengthening against the U.S. dollar.
However, the possibility of triumph rupiah will not survive on this date May 25, 2010. Understandably, each toward the end of the month, the U.S. dollar tends to increase demand. Therefore, money market watchers predict Nurbaeti Nurul ETI, the rupiah will weaken again.
Another effect, according to Vice President Valbury Asia Futures Nico Omer Jonckheere is because the index in the country is still vulnerable to landslides. Typically, the index and the rupiah has a positive correlation.
Therefore, Nico suspect rupiah to the date of May 25, 2010 will move in the range of Rp 9240 to Rp 9325 per U.S. dollar. Meanwhile, Nurul predicted, the rupiah still tend to weaken the movement range between Rp 9,200 to Rp 9,300 per U.S. dollar.
PT Wijaya Karya Tbk (WIKA) have finally succeeded in winning the tender for the development of Chemical Grade Alumina (CGA) is owned by PT Indonesia Chemical Alumina (ICA), a subsidiary of PT Aneka Tambang Tbk (ANTM). WIKA Tsukishima Kikai Co. along with. Ltd., and PT Nusea has been appointed to work on the Engineering, Procurement, and Construction (EPC).
Bimo Budi Satriyo, ANTM Corporate Secretary, said that with this appointment, and a consortium currently WIKA ICA Group, will begin negotiating the terms and conditions of the EPC project. Ben hopes this project can commence construction in 2010 and begin commercial operations in 2014. This project is planned to produce 300,000 tons per year CGA.
After winning the tender was announced, the next ANTM live thinking of financing the project. They were trying to get funding from the Japan Bank For International Cooperation (JBIC). If JBIC is not capable of providing maximum funds, ANTM will try to get it from another commercial bank.
Construction is expected to be carried out in the fourth quarter of 2010 was, according to Alwin Syah Loebis, Director of ANTM.
CGA in project development, ANTM collaboration with two Japanese companies, namely Showa Denco KK (SDK) and Marubeni Corporation. ANTM project will finance 35% from 65% internal cash and bank loans.
Company Secretary Argawan Christmas WIKA WIKA confirmed the news that the consortium had won the tender with such ANTM. Project value of around U.S. $ 314 million, said Christmas.
Christmas added, this time his side were discussing how many servings of each company in this project. WIKA portion of the project, hopes to get about Rp 1.3 trillion.
To fund the 30% requirement of this project cost, WIKA will use internally generated cash. The rest is a combination of advances, loan payments and continued to third parties. We are still counting his cash flow, added Christmas.
In the first quarter-2010, at WIKA available cash funds amounting to Rp 997.69 billion. This company has a bank loan amounting to Rp 122 billion. Currently WIKA still bagging facilities from several banks, such as a bank guarantee from BRI worth Rp 1.5 trillion and DBS Bank of Rp 175 billion. WIKA facility could be used to supplement working capital projects. In January-March period, the net profit grew 40% WIKA to Rp 64.27 billion.
Bhakti Securities analyst Reza Nugraha rate, to be fair if the winning bidder WIKA Tayan project. As a fellow state-owned, very disadvantaged position and WIKA WIKA also has good credibility, said Reza.
He noticed, during this approximately 60% -70% WIKA projects comes from the government. Hence, Reza rate in 2010 and 2011, WIKA very good prospects as the number of government infrastructure projects. Conditions that would automatically push up revenues WIKA.
Projections No Makers
Fluctuations Composite Stock Price Index (CSPI) on May 24, 2010 was not predictable. At the first session of trading, the index is still likely to rise after last week continued to weaken. However, at the second session until the close of trading, the index fell and ended at 2609.61 level, 0.52% lower than the closing position, dated May 22, 2010.
JCI decline in the second session is due to collapse of stock prices of seven issuers in Bakrie Group, which is popular among investors as The Seven Brothers. Look at the price of shares of PT Bumi Resources Tbk (BUMI) tumbled 16.24% to 1780 per-share position.
Ironic, though the regional indices are generally green. JCI failed to take advantage of the momentum from the strengthening of Down Jones index at the weekend and regional indices. We expect the index will still be under pressure for the short term, said Purwoko Sartono, Panin Securities analyst.
Likewise, Tasrul Tanar, analyst with OSK Nusadana, see, JCI will move is uncertain. According to him, the index will try to 2584-2680 levels. To date May 26, 2010, I recommended shares of banks such as BMRI, BBCA and BBRI.
Purwoko actually recommend avoiding shares of consumer goods and commodities stocks are still volatile. JCI, according to him, dated May 25, 2010 will move in the range 2575-2630.
Prone Prediction Correction
Unlike the Composite Stock Price Index (CSPI), which is still anemic, the exchange rate on May 24, 2010 again showed tajinya. Based on the middle rate of Bank Indonesia (BI), exchange rates are in Red and White is the level of USD 9269 per dollar, the United States (U.S.), or 0.71% higher than the previous day's closing. In the spot market, until around 16:59 pm, the rupiah also gained 0.13% to a level of Rp 9268 per U.S. dollar.
The strengthening of rupiah time is actually much underpinned by the strengthening of the index in the first session. In addition, regional currency carried sentiment that also experienced a strengthening against the U.S. dollar.
However, the possibility of triumph rupiah will not survive on this date May 25, 2010. Understandably, each toward the end of the month, the U.S. dollar tends to increase demand. Therefore, money market watchers predict Nurbaeti Nurul ETI, the rupiah will weaken again.
Another effect, according to Vice President Valbury Asia Futures Nico Omer Jonckheere is because the index in the country is still vulnerable to landslides. Typically, the index and the rupiah has a positive correlation.
Therefore, Nico suspect rupiah to the date of May 25, 2010 will move in the range of Rp 9240 to Rp 9325 per U.S. dollar. Meanwhile, Nurul predicted, the rupiah still tend to weaken the movement range between Rp 9,200 to Rp 9,300 per U.S. dollar.
Friday, May 14, 2010
BANK FUNDS MANAGEMENT RIGHTS IN INDONESIA
Customers or the management rules of ordinary individuals in the call with fund management contracts (KPD) still keeps the problems, particularly concerning the rights of custodian banks to manage the funds of investors who are not in the form of securities. Custodian bank is still have different perceptions about its role as a store, and guard assets to investors.
Just for information, new rules for capital market regulatory bodies and financial institutions on the management of securities for the interests of individual customers or KPD require that all customer funds are stored in a bank custodian. But, there is concern, this provides an opportunity for the custodian bank to take advantage of the money to own investment interests.
For example, as happened at DBS BANK INDONESIA, according to some observers and analysts of banking transactions, customer cash deposits bpleh shaped rupture in use for other banking business interests. Hope can be understood, that Bapepam-LK INDONESIAN about individual contracts allow investment managers to place approximately 25% of funds in certificates of deposit kelolaannya.
Funds to individual contracts in the treatment of MI is basically the same as any other deposit funds, said this in Revealed by a senor vice president as head of HSBC's securities services. In general, funds under management of MI in the custodian bank in the general Depository enter joint bank account with funds of other depositors.
BANK OF WEALTH
It differs in Revealed by a securities fund services head CITIBANK INDONESIA Margaret pliers, he believes that banks can not manage funds konstodian individual contracts. Essentially a capital market laws, that the effect on savings or securities accounts recorded in konstodian not part of the treasure konstodian. konstodian banks are not allowed to use the least funding in place by the MI.
Konstodian bank task was only to safeguard and keep the funds of MI, and should not be involved to manage the fund. even bapepam - lk will give strict punishment to banks caught playing konstodian customer funds that individual contracts. However, opinions about the rights of Bapepam-LK konstodian bank was still split into a number of opinions and decisions, this is the underlying behavior is shown by the chairman of Bapepam-LK Fuad Rahmany, banks may be turning back konstodian individual funds in the form of customer deposits with a record KPD customers agree and allow them to be in turn the bank konstodian.
Fuad Rahmany previously argued that the bank may not play konstodian KPD investor funds because it could damage the reputation and performance konstodian bank. and he added that the customers do not need to worry about this neighbor, because the customers can check their account at any time position of past-lk bapepam site or directly.
MONEY MARKET MUTUAL FUNDS
Money market mutual funds continue to grow in the first quarter of 2010. Funds managed by money market mutual funds grew by about 50% to USD 7.8 trillion in comparison with the position at the end of december 2009 which amounted to Rp 5.2 trillion. Money market mutual funds are often a haven while the funds from the capital market. According to association chairman Indonesian mutual fund managers, high high on the stock market fluctuations due to the absence of certainty of the global economy into the motor performance of money market mutual funds. These mutual funds are often made in place temporarily while awaiting the opportunity of investment in the stock market. Bank interest rates that are still maintained at low levels increased the mutual attraction of this type. Money market mutual funds can bring in bigger profits than on simply want to profit from interest on deposits only.
Profile of Indonesia's mutual fund investors who tend to be conservative most of the more comfortable investing in money market mutual funds. This instrument has a high level of liquidity because it can pull in at any time. These conditions make the money market mutual funds remained in interest by investors.
Stable financial markets are growing every year, because it has its own market, said an analyst, the investment manager of MI much use of this instrument as a storage of unused funds in accordance to realize gains in the stock market. While so many of the anlisa money market and stock market estimates of money market mutual funds will become less attractive when inflation this year reached over 5% and interest rates that have been set by the BANK INDONESIA (BI) remains at 6.5% level . as a result of which was obtained from investments by mutual funds in the money market only range between 8-9% only. Unless more basic assets in bonds, may return to the top 9%.
Apart from money market mutual fund, mutual fund performance is also protected still growing this year. Enabling full taxes in 2013, makes the MI will continue to run a mutual fund that protected until March 2010, protected mutual fund AUM reached USD. 33.17 trillion.
Just for information, new rules for capital market regulatory bodies and financial institutions on the management of securities for the interests of individual customers or KPD require that all customer funds are stored in a bank custodian. But, there is concern, this provides an opportunity for the custodian bank to take advantage of the money to own investment interests.
For example, as happened at DBS BANK INDONESIA, according to some observers and analysts of banking transactions, customer cash deposits bpleh shaped rupture in use for other banking business interests. Hope can be understood, that Bapepam-LK INDONESIAN about individual contracts allow investment managers to place approximately 25% of funds in certificates of deposit kelolaannya.
Funds to individual contracts in the treatment of MI is basically the same as any other deposit funds, said this in Revealed by a senor vice president as head of HSBC's securities services. In general, funds under management of MI in the custodian bank in the general Depository enter joint bank account with funds of other depositors.
BANK OF WEALTH
It differs in Revealed by a securities fund services head CITIBANK INDONESIA Margaret pliers, he believes that banks can not manage funds konstodian individual contracts. Essentially a capital market laws, that the effect on savings or securities accounts recorded in konstodian not part of the treasure konstodian. konstodian banks are not allowed to use the least funding in place by the MI.
Konstodian bank task was only to safeguard and keep the funds of MI, and should not be involved to manage the fund. even bapepam - lk will give strict punishment to banks caught playing konstodian customer funds that individual contracts. However, opinions about the rights of Bapepam-LK konstodian bank was still split into a number of opinions and decisions, this is the underlying behavior is shown by the chairman of Bapepam-LK Fuad Rahmany, banks may be turning back konstodian individual funds in the form of customer deposits with a record KPD customers agree and allow them to be in turn the bank konstodian.
Fuad Rahmany previously argued that the bank may not play konstodian KPD investor funds because it could damage the reputation and performance konstodian bank. and he added that the customers do not need to worry about this neighbor, because the customers can check their account at any time position of past-lk bapepam site or directly.
MONEY MARKET MUTUAL FUNDS
Money market mutual funds continue to grow in the first quarter of 2010. Funds managed by money market mutual funds grew by about 50% to USD 7.8 trillion in comparison with the position at the end of december 2009 which amounted to Rp 5.2 trillion. Money market mutual funds are often a haven while the funds from the capital market. According to association chairman Indonesian mutual fund managers, high high on the stock market fluctuations due to the absence of certainty of the global economy into the motor performance of money market mutual funds. These mutual funds are often made in place temporarily while awaiting the opportunity of investment in the stock market. Bank interest rates that are still maintained at low levels increased the mutual attraction of this type. Money market mutual funds can bring in bigger profits than on simply want to profit from interest on deposits only.
Profile of Indonesia's mutual fund investors who tend to be conservative most of the more comfortable investing in money market mutual funds. This instrument has a high level of liquidity because it can pull in at any time. These conditions make the money market mutual funds remained in interest by investors.
Stable financial markets are growing every year, because it has its own market, said an analyst, the investment manager of MI much use of this instrument as a storage of unused funds in accordance to realize gains in the stock market. While so many of the anlisa money market and stock market estimates of money market mutual funds will become less attractive when inflation this year reached over 5% and interest rates that have been set by the BANK INDONESIA (BI) remains at 6.5% level . as a result of which was obtained from investments by mutual funds in the money market only range between 8-9% only. Unless more basic assets in bonds, may return to the top 9%.
Apart from money market mutual fund, mutual fund performance is also protected still growing this year. Enabling full taxes in 2013, makes the MI will continue to run a mutual fund that protected until March 2010, protected mutual fund AUM reached USD. 33.17 trillion.
Monday, April 19, 2010
CORRUPTOR IN VIEW OF A LEADER COUNTRIES
Some time this nation of Indonesia is currently experiencing some problems which are numerous, ranging from problems of natural disasters, shortage of housing in urban areas until there are some problems which require a direct President to step down in handling this issue, and hopefully the problems associated with investments, shares as well as securities around the banks in Indonesia was not until the slander and dragged the people who are innocent and not at all connected with the problem, as in some of this time Mr. President Susilo Bambang Yudhoyono asked to immediately take over responsibility for the bailout scrolling , or bail out worth Rp 6.7 trillion to the Century Bank. The President must listen to the aspirations of civil society who wants the President take firm action against perpetrators, both principal and assistant principals, who make the cases occurred Century Bank.
Explain ex command on the Economy Rizal Ramli, Coordinating Minister, Chairman of the Professional Civil Society (MPM), Ismet Hasan Putro, and researchers from the Indonesian Survey Institute (LSI) Burhanudin Muchtadi in the discussion that was held in Jakarta Trijaya Radio Network.
According to Ismet, the President must be more quickly cleared the case of Century Bank. The President should immediately clean the government from policy makers that create a legal or political issues.
Separately in Jakarta, Adnan quoted lawyers also asked President Yudhoyono did not allow Century Bank settlement of the case dragged on and made Vice President Boediono, Finance Minister Sri Mulyani Indrawati, and other officials so uncertain. Special Committee (Special Committee) House on the Right Bank Century Questionnaire. As head of government and heads of state, Yudhoyono should dare to take over the responsibility and hand over the investigation and the investigation of cases of Century Bank on anti-corruption commission (KPK). This is in accordance with the constitutional system is based on the Constitution IN INDONESIA 1945.
The goal is that the government can go back to normal and peaceful society, so there is no suspicion in restoration Century Bank.
The President must be willing to take responsibility for Century Bank bail out policy as government policy if it is pure and clean to prevent the banking crisis and disrupt the economic system, "said Adnan Buyung, who is also a former member of the Presidential Advisory Council.
According to Adnan Buyung, in accordance with the constitution, the acquisition of that responsibility as well as learning to achieve an orderly and civilized society.
However, said Adnan Buyung, acquisition of Century Bank case responsibility must be accompanied by an affirmation Yudhoyono, himself as a person or the Chairman of the Board of Trustees of the Democratic Party did not get a dime from the fund soured Century Bank's policy. This will dismiss the suspicion the public and other parties. The government again sought not his fault, too.
The assertion is important to make sure there is no game in bail out, whether for the Democratic victory in legislative elections or elections for President Yudhoyono memenanagkan with Boediono.
Judy added, Yudhoyono should study the situation that developed recently. Century Bank case is no longer the issue between the President and the politicians senayan. The case had become the nation issues of concern to people. This can be seen from the excitement of people witnessed the special committee meetings are broadcast live by a private television station in Indonesia.
PRESIDENT If you are not watching this closely, ammunition, civil society can lead to himself Abdullah said.
State corporate law expert Irman Putra Sidin, who was contacted separately, to assess, the President did not escape the responsibility for all decision making process by the Financial System Stability Committee (KSSK). Because, chairman KSSK is that according to the 1945 Finance minister is assistant president. Sri Mulyani was chairman KSSK not in his capacity as a professional, but in his position as Minister of Finance.
Finance minister to go wherever, whatever clothes worn, or any task undertaken, remain in charge of the President. Therefore, the finance minister in the work as chairman of KSSK, it was imperative should always consult and ask for approval of the President. He can not loose clothes only as chairman of KSSK, (said Irman).
Therefore, Irman said, the responsible bail out USD 6.7 trillion to the Century Bank at that time was the Governor of BI and the President. Although the Government Regulation in Lieu of Law (PERPU) about JPSK set in decision-making KSSK not required to obtain approval or do not need to consult with the President, this could not take the responsibility of the President.
Adnan Buyung also saying if the President took over the responsibility of the policy of Century Bank, Century Special Committee to be no evidence, guidance, and strong indications of crimes under the policy. Century Special Committee should be stopped and his mandate at the Plenary session of Parliament.
Conversely, if the Commission did actually have evidence, clues, and a strong indication behind Century Bank bailout there are crimes and conspiracies that harm the State and benefit a certain party, let the investigation continue and investigation of this matter once and for all by working hard. KPK leaders have (debt) to the people to express it as bright-bright case.
Furthermore, according to Adnan Buyung, while waiting for the KPK to walk, let the government work again and not be bothered to five years to dating. Moreover, if indeed the results of the investigation and the investigation of the KPK could not produce any results.
Presidential Spokesman Julian Aldrin phase, which is in contact separately, said the attitude of the President of Century Bank case has actually been delivered many times on different occasions.
One of the president's attitude is as stated in the President's speech on 23 November last year, entitled Finding a Fair Solution in Greater Interest Nation. The speech was delivered at the Palace, (said Julian).
In a note Compass, the core speech President on 23 November 2009 at the State Palace, Jakarta, related handling of Century Bank, requested the Head of Police General (Pol) Bambang Hendarso Danuri and Attorney General Hendarman Supandji accelerate the examination of the case.
According to Julian, Century Bank surveillance policy by the government and BI is an appropriate policy to be considered from various sides, such as the crisis and avoided to prevent systemic damage to the economy.
According to Julian, finance minister and the governor's decision BANK INDONESIA relevant time Century Bank in accordance with regulations in effect.
PROTECTING GOD INDONESIA
Explain ex command on the Economy Rizal Ramli, Coordinating Minister, Chairman of the Professional Civil Society (MPM), Ismet Hasan Putro, and researchers from the Indonesian Survey Institute (LSI) Burhanudin Muchtadi in the discussion that was held in Jakarta Trijaya Radio Network.
According to Ismet, the President must be more quickly cleared the case of Century Bank. The President should immediately clean the government from policy makers that create a legal or political issues.
Separately in Jakarta, Adnan quoted lawyers also asked President Yudhoyono did not allow Century Bank settlement of the case dragged on and made Vice President Boediono, Finance Minister Sri Mulyani Indrawati, and other officials so uncertain. Special Committee (Special Committee) House on the Right Bank Century Questionnaire. As head of government and heads of state, Yudhoyono should dare to take over the responsibility and hand over the investigation and the investigation of cases of Century Bank on anti-corruption commission (KPK). This is in accordance with the constitutional system is based on the Constitution IN INDONESIA 1945.
The goal is that the government can go back to normal and peaceful society, so there is no suspicion in restoration Century Bank.
The President must be willing to take responsibility for Century Bank bail out policy as government policy if it is pure and clean to prevent the banking crisis and disrupt the economic system, "said Adnan Buyung, who is also a former member of the Presidential Advisory Council.
According to Adnan Buyung, in accordance with the constitution, the acquisition of that responsibility as well as learning to achieve an orderly and civilized society.
However, said Adnan Buyung, acquisition of Century Bank case responsibility must be accompanied by an affirmation Yudhoyono, himself as a person or the Chairman of the Board of Trustees of the Democratic Party did not get a dime from the fund soured Century Bank's policy. This will dismiss the suspicion the public and other parties. The government again sought not his fault, too.
The assertion is important to make sure there is no game in bail out, whether for the Democratic victory in legislative elections or elections for President Yudhoyono memenanagkan with Boediono.
Judy added, Yudhoyono should study the situation that developed recently. Century Bank case is no longer the issue between the President and the politicians senayan. The case had become the nation issues of concern to people. This can be seen from the excitement of people witnessed the special committee meetings are broadcast live by a private television station in Indonesia.
PRESIDENT If you are not watching this closely, ammunition, civil society can lead to himself Abdullah said.
State corporate law expert Irman Putra Sidin, who was contacted separately, to assess, the President did not escape the responsibility for all decision making process by the Financial System Stability Committee (KSSK). Because, chairman KSSK is that according to the 1945 Finance minister is assistant president. Sri Mulyani was chairman KSSK not in his capacity as a professional, but in his position as Minister of Finance.
Finance minister to go wherever, whatever clothes worn, or any task undertaken, remain in charge of the President. Therefore, the finance minister in the work as chairman of KSSK, it was imperative should always consult and ask for approval of the President. He can not loose clothes only as chairman of KSSK, (said Irman).
Therefore, Irman said, the responsible bail out USD 6.7 trillion to the Century Bank at that time was the Governor of BI and the President. Although the Government Regulation in Lieu of Law (PERPU) about JPSK set in decision-making KSSK not required to obtain approval or do not need to consult with the President, this could not take the responsibility of the President.
Adnan Buyung also saying if the President took over the responsibility of the policy of Century Bank, Century Special Committee to be no evidence, guidance, and strong indications of crimes under the policy. Century Special Committee should be stopped and his mandate at the Plenary session of Parliament.
Conversely, if the Commission did actually have evidence, clues, and a strong indication behind Century Bank bailout there are crimes and conspiracies that harm the State and benefit a certain party, let the investigation continue and investigation of this matter once and for all by working hard. KPK leaders have (debt) to the people to express it as bright-bright case.
Furthermore, according to Adnan Buyung, while waiting for the KPK to walk, let the government work again and not be bothered to five years to dating. Moreover, if indeed the results of the investigation and the investigation of the KPK could not produce any results.
Presidential Spokesman Julian Aldrin phase, which is in contact separately, said the attitude of the President of Century Bank case has actually been delivered many times on different occasions.
One of the president's attitude is as stated in the President's speech on 23 November last year, entitled Finding a Fair Solution in Greater Interest Nation. The speech was delivered at the Palace, (said Julian).
In a note Compass, the core speech President on 23 November 2009 at the State Palace, Jakarta, related handling of Century Bank, requested the Head of Police General (Pol) Bambang Hendarso Danuri and Attorney General Hendarman Supandji accelerate the examination of the case.
According to Julian, Century Bank surveillance policy by the government and BI is an appropriate policy to be considered from various sides, such as the crisis and avoided to prevent systemic damage to the economy.
According to Julian, finance minister and the governor's decision BANK INDONESIA relevant time Century Bank in accordance with regulations in effect.
PROTECTING GOD INDONESIA
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