Singapore PM: Improved Economic Contraction
Economy November 20th, 2009
Prime Minister of Singapore Lee Hsien Loong said if the economy has been the Merlion Affairs in 2009 and subside. The economy improved after the economic turmoil hit the Singapore for the first time since 2001.
Thus the statement Lee Hsien Loong in the year’s final report, as published by Bloomberg, on Saturday (2/1/2009).
Gross domestic product (GDP) “only” down 2.1 percent in 2009 and then. The numbers are in line with the initial estimate of 2.5 percent. Singapore Trade Minister memperkiraan economy grows between three and five percent in 2010.
“Our economy growing again, and had recovered since the recession began in 2008,” said Lee. “In the whole world, the economy has stabilized. The U.S. economy, Japan, and Europe, began to grow again, although there remains the problem turmoil and no one expects a snap back there,” he added. Read the rest of this entry »
Rating BCA Finance idAA Up So -
Finance November 16th, 2009
PT Indonesia Morningstar (Pefindo) raised the ratings of PT BCA Finance and bonds II-2007 of the first A + to idAA-be with a stable outlook.
In addition, the rising rate is also considered a business because of the position becomes stronger and asset quality indicators are very good. However, the ratings are still limited by the level of the industry kompetsisi very strict.
Currently, the composition of corporate ownership structure consists of as many as 99.6 percent of BCA and BCA Finance Limeted as many as 0.4 percent. Company’s business focus pda consumer finance sector for a variety of cars.
Bank loans in the euro zone contracted Still
Credit & Loan November 13th, 2009
- The level of distribution of bank loans in the European zone to the private sector in November and are still having a contraction.
These conditions indicate the flow of credit still tight as Europe’s economy was expanding at the time of recovery. According to the European Central Bank (European Central Bank / ECB), the level of bank loans in Europe last month fell 0.7 percent over the previous year. Decrease in the negative zone is the third time since last September.
In comparison loan in October and in Europe also fell 0.8 percent and minus 0.3 percent Septemba. European zone are in the recovery phase of recession after economic growth in the region began to improve in III/2009 quarter with a record 0.4 percent rise in quarterly.
According to some economists, the decline in the previous loan has been warned it could disrupt the business of his rebounds. Economist at IHS Global Insight Howard Archer European states, the lack of credit in the area showed a recession that allows economic growth inhibition.
“Latest figures presented ECB obviously influenced meredanya bank financing. This condition has maintained a concern that the eurozone recovery can be implemented again in the future but bulanbulan large number of companies are not able to get the credit they need,” he said.
In a release yesterday, the ECB also said that credit growth indicator called ECB ECB M3 mengalalami a decrease of 0.2 percent. This figure was lower than analysts projected in the Dow Jones poll predicting 0.4 percent growth. The decline followed indicator dilution November last October by 0.3 percent.
M3 indicator seen from the amount of money in circulation, deposits and other banking instrument. Just FYI, the amount of loans and money supply is a picture of consumer demand and overall economic activity in a region. “Overall, the money supply in the euro zone and credit in November could encourage the gradual steps to withdraw the emergency liquidity measures.
This is important to maintain interest rates at low levels until the end of 1 percent in 2010, “Archer said. According to the ECB, credits the current decline has more to do with the decline in demand not because of lack of supply of funds. But this is denied on the company and the leader stated otherwise.
“While we expect further decline and the third monthly flow of negative berturutturut (M3), we do not expect a big slowdown like that,” said UniCredit economist.
European Government Debt in Endeavor Press 2010
Bank November 13th, 2009
European governments this year seeks to overcome the financial crisis. Some officials expressed it borrows heavily from the first 16 countries out of recession.
Efforts are made to reduce the national debt level that could disrupt European stability and growth to the front.
As reported by the AFP, Sunday (3/1/2010), rising budget deficits, low growth and support the banking sector is a significant trigger factor.
“(The average in the European region have) public debt could reach 84 percent of GDP (gross domestic product) in 2010, up from 18 percent points from 2007,” said one official. Or even far above the treaty limit of 60 percent.
Ranking government debt has been downgraded in Greece by three major international institutions, including some neighboring countries of Ireland and Spain.
Agency, The Fitch has urged all governments to reduce debt levels, especially the British, who are not members of the “euro zone”, along with France and Spain.
Germany, long regarded as a trigger in the euro zone that has the discipline of their fiscal policies, public debt estimated at approximately 78 percent of GDP this year. While in France, which is the second largest country in the eurozone economy, has a public debt to a record 75.8 percent in the third quarter of 2009.
Greece said predicted state debt in the eurozone jumped to 120 percent of output in 2010.
With rising unemployment and weak economic growth is expected in 2010, officials can not rely on increasing tax revenues for much help in paying the debt, much foreign debt.
“The economic crisis is weighing on the sustainability of public finances and growth potential,” said the commission had warned the European Union as an economist is still open the possibility of “double dip” recession this year.
Bank breaker device Price Around Rp15 million
Bank November 5th, 2009
The perpetrators of burglary is estimated using the customer’s account is fairly inexpensive device, which can be purchased easily online.
Digital information technology expert forensic Ruby Z Alamsyah mode burglary suspect was done by syndicates who work neatly and professionally.
According to Ruby, theft of client money through ATM transactions can only be done using sophisticated equipment. Even to obtain the equipment that do not cost too expensive.
“There were three of four tools used to steal money from customers through ATM. The device is an ATM Skimmer, spy camera, a magnetic writer, and a tool to make fake ATM cards,” he told the newspaper Seputar Indonesia, yesterday.
He tells us, is not it difficult to get all the equipment because only need capital to approximately USD1.500 or USD1.000 no more than Rp15 million rupiah.
“Moreover, all the equipment can be purchased through the Internet,” he added.
It is difficult for customers to anticipate steps. One of the customers that can be done, says Ruby, is a well known tool that ATM Skimmer. Unfortunately, customers in Indonesia have not understood how the form of an ATM Skimmer and need socialization to recognize the device.
According to Ruby, in this case, the anticipation of responsibility in the banking industry. This incident shows that the bank’s security procedures were still not optimal
