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.

INVEST IN THE GOOD STOCK

This year, the Total Dividend Group Reached Rp 7.68 trillion
Invest in shares of PT Astra International Tbk (ASII) and the kids very profitable business. Besides the high price rises, issuers in the group is diligent efforts to spread the dividends. As a parent of, at a general meeting of shareholders (AGM) May 25, 2010, ASII will propose an additional dividend of Rp 830 per share.

We have proposed a dividend of 45% of income in 2009 was Rp 10 trillion, it is clear Prijono Sugiarto, President ASII.
If the proposal is approved, this 2010 ASII shareholders will enjoy a total dividend of USD 1120 per share. Because the end of the year 2009 and then ASII already declared an interim dividend amounting to Rp 290 per share.

So, as the holder of 50% shares ASII, Jardin Cycle and Carriage is entitled to dividends of Rp 2.27 trillion. This value is increased by 28.97% than those enjoyed Jardine dividend last year amounted to Rp 1.76 trillion.

ASII business children also do not want to lose in giving dividends. Take for instance, PT Astra Agro Lestari Tbk (AALI). Although net income in 2009 decreased 36.9% to USD 1.7 trillion, AALI will give an additional dividend of Rp 465 per share on June 11, 2010.

Plus the interim dividend of Rp 220 per share, which is given at the end of 2009 then, the total dividend AALI Rp 685 per share. This means that, despite declining profit, dividends AALI investors enjoyed it rose 35.64% compared to 2009 last year, which amounted to Rp 505 per share.

PT United Tractors Tbk (UNTR) will also distribute an additional dividend of Rp 360 per share. Bringing the total dividend of heavy equipment and mining companies reached USD 490 per share. The number was up 53.1% than the year 2009 dividend of Rp 320 per share. Given an additional dividend on July 1, 2010, Finance Director UNTR clear, Gidion Hasan.

In 2010, PT Federal (AUTO) increase the value of dividends to 103.4% to Rp 598 per share. However, the remaining dividend to be enjoyed by investors is only Rp 478 per share. November 2009 AUTO has declared an interim dividend of Rp 120 per share.
Meanwhile, the value of dividends PT Astra Graphia (ASGR) smallest. Year 2010 ASGR distribute a dividend of Rp 20 per share. Distribution date of July 1, 2010, clearly Company Secretary ASGR Susy Widjaja.

So, the total dividend Astra Group in 2010 reached Rp 7.68 trillion, up 47.7% compared to the year 2009 which is only Rp 5.2 trillion.

CTRA After Reading Fate Broken Stocks
Analysts assess, plan PT Ciputra Development Tbk (CTRA) to do a stock split (stock split) in June 2010 as a good step. This plan will create more agile CTRA stock trading in the market.

Bhakti Securities analyst Reza Nugraha assess, plans stock split will make stock prices more affordable CTRA. Because, he evaluates the average price of property stocks are still below Rp 500 per share. CTRA own price was at the level of Rp 700 per share at the end of the market close on May 24, 2010.

Likewise Bahana Securities analyst estimates Natalia Susanto. He considered that this stock split will make the frequency the higher the stock trading CTRA because an increasing number. Now these stocks are illiquid property may only PT Bakrieland Development Tbk (ELTY) alone.

Now, the total number of shares which are held by retail investors CTRA reached 61.31% or about 4.65 billion shares. The rest is held by PT Pioneers were 30.63% and Credit Suisse Singapore as much as 8.06%.

According to EGM's decision last May 18, 2010, CTRA will hold a stock split, the process began on June 14 until June 18, 2010. Stock split ratio was 1:2. This means that the nominal value of new stock will come down from USD 500 per share to Rp 250 per share.

Besides the positive effect of stock split, analysts predict, CTRA business prospects will be bright. CIMB Securities analyst Lydia Toisuta estimates, CTRA revenue will increase to Rp 1.88 trillion, with net profit of Rp 312 billion in 2010 this. Just a comparison, in 2009, CTRA reap revenue of Rp 1.33 trillion and net profit of Rp 136.33 billion.
CTRA revenue in the first quarter of 2010 it had risen to three-fold compared to the same period in 2009, namely from Rp 306.02 billion to Rp 918.06 billion.

Real estate became the main pillar of the performance of the year 2010. Nearly 60% of their revenues derived from residential sales.
CTRA revenue increases when the construction of a hospital in Tangerang, Banten, is completed. Construction of the hospital will be completed in the second semester-2011.

Looking at the bright business prospects, Lydia and Natalia compact CTRA recommend buying the stock with a target price of Rp 1,000 per share. Reza is also still recommend the purchase. However, he set a lower target price, amounting to Rp 890 per share.

CMNP Will Repay Bonds USD 100 Billion
PT Citra Marga Nusaplaha Persada Tbk (CMNP) plans to redeem its debt letter amounted to Rp 100 billion. The plan, buy back bonds CMNP III in 2005 it will be held on June 8, 2010.

CMNP has submitted the plan to the Indonesian Stock Exchange (BEI). We present this case to meet the obligations of individuals, as stated Article 5 Amendment of the Trusteeship Agreement III, the director said CMNP Hudaya Arryanto in IDX information disclosure.

This settlement does not make performance CMNP changed. Chandra Pasaribu Danareksa analysts say, toll-controlled CMNP is still small. In addition, the Waru-Juanda toll it operates, was not successful. The target is 50 000 vehicles, but its realization is only 20,000.

BANKING LAW

Several cases of theft of money in developed countries is currently often the case, theft of money in this modern era are no longer forced to disassemble by a bank, home, or office directly, but is very simple. A thief is only with a computer equipped with Internet network a modern thief can easily remove an amount of money a person from one bank account number to the bank account number on the desire by the thefts.

Theft behavior this way is very common and easy to find in various countries, basically stealing behavior was very able at the bank account and some of the security of transactions using the Internet network facilities such as SMS banking, internet banking and banking call .

If viewed from the similarity of behavior, between the bank and the thief was not much different. There are several cases of theft of money in the bank experienced by some customers in many countries it is done by the bank itself, although can not be made in the legal reasons but it also includes crimes that could be categorized as a planned theft and crime. Number of cases of fraud and the reduction in some customers' bank savings balance would involve one bank employee. Because the savings balance may not be someone who is saved in the bank or the transaction will be reduced automatically unless there are several factors, including:

1. Pin transactions
2. Account holder data
3. Feasibility test data
4. Badge
5. Security question

From all that has been frequently experienced by some customers of the bank, they could not have stolen money and personal data if the customer does not transfer the data to someone else, if the personal data belonging to a customer can be though indentifikasikan others without an error from a customer or the BANK, and from which data can exist?

A question that until now some banks still do not want to admit the existence of such information leakage by some employees of the bank itself, it is unfortunately a customer who wants to save money in the bank and some of his wealth but instead experienced shortfalls in the standard of living? Then who should in turn to blame and in such responsibility? BANK, BANK EMPLOYEES, OWNER BANK, STATE, OR THAT CUSTOMER'S OWN ONE ?????

Hopefully in the next cases the BANK, COUNTRIES, CUSTOMERS and some related factors will be more to address the theft problem in the banking transaction itself, someone not given permission to set up a bank if that person does not pass the test of transactions and proper security.