Euro Zone Economic Gap
Forex December 14th, 2009
Markit survey said the gap between strong and weak countries in the Euro Zone in 2009 grew wider. German service sector, high jump, while in Spain the service contract.
Widening the gap to make the European Central Bank (ECB) getting dizzy. Employers purchase index (PMI) services sector in the euro zone rose to 53.6 points in December from 53 points in November.Angka above 50 indicates expansion, while below 50 means contraction.
“Although the service sector PMI slightly below estimates, improvement occurred on a monthly basis shows that there continue to gather momentum of recovery speed,” said Markit chief economist Chris Williamson. Markit survey gives a picture that France and Germany leading the economic recovery in the euro zone. Read the rest of this entry »
BI Give time for the Bank Switch Card Chip
Bank December 10th, 2009
Bank Indonesia (BI) revealed his side would provide time for national banks to switch cards Teller (ATM) using a chip from the beginning using a magnetic stripe.
“That depends, we not love deadlines. There can be fitted, there is no
can. It should be slow, “said BI Deputy Governor Budi Rochadi after the Banker’s Dinner at the House Bank Indonesia Kebon Sirih, Jakarta, Friday (22/1/2010) evening.
However, because he expresses it expensive will not force it. The reason is, it is also understand if the use of much more expensive chips. “That depends,” he added.
Still associated with the time of the turn to the chip, he said it would do so slowly.
“But expensive, so should it slowly, never at any time to completion diserahkam
association, but with what happened yesterday, you guys want to accelerate the bank replaced the chip, “he explained.
Previously, the central bank acknowledged that the use of magnetic card in the ATM card does contain many weaknesses. Therefore, will be gradually pengantian chip type card as he had done on the credit card.
“With a magnetic stripe card has a flaw, then a gradual pace to contain the chips,” said Director of Bank Supervision 3 BI, Erwin Rianto.
However, he admitted supply the chip-based cards will cost more expensive than magnetic cards. “But his run to his side because the cost is more expensive chip,” he added.
It is also agreed by the Deputy Director of the BCA Jahja Setiaatmadja, but he said that the chip cards in some countries still do not apply a lot, so take a card with two functions.
“Securing a better use of the chip. But I understand that the chip can be used enggak abroad. Like Hong Kong, Australia was still wearing magnetic. Must be a double-function card. But if it means that magnetic can walk,” he said.
McDonald’s boss Al Bernardin Dies
Company Info December 8th, 2009
King of McDonald’s hamburgers, Al Bernardin, closed due to illness after a stroke. Inventor mainstay of the menu at fast food restaurants are dead in the age of 81.
He served as Vice President of McDonald’s (Mc’D) and Dean of Hamburger University, is very respected by his colleagues. Hamburger University is a training center for it Mc’D typical hamburger. He has created many breakthroughs typical restaurant menu Affairs Uncle Sam.
His work, among others, low-calorie hamburgers and fries frozen created before cooking in various parts of the world. Other menu, namely McGlobbler, a sandwich of turkey meat. Read the rest of this entry »
Japanese Companies Need Not Pay Taxes
Company Info December 7th, 2009
Japan will release its fiscal policy so that companies do not have to pay taxes on export profits. This is done in order to help the company to get out of the economic recession that occurred.
As stated by the Japanese Trade Minister Takeshi Noda as reported by Bloomberg, on Friday (5/12/2008), Japanese companies will memerkirakan earnings by 17 trillion yen, equivalent to USD180 billion.
As such, these funds can be used for capex it. For this reason, the tax exemption is very important for the development of businesses owned by the company.
“The plan will have positive impact on corporate activity, but the government should be specifically instructed that any company can do with that money,” said Japan strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. Naomi Fink.
For that, the trade minister should menginstrusksikan for companies to take advantage of this opportunity, and determine the time of the tax break.
Expensive, Oil Prices US$81
Economy December 1st, 2009
Crude oil prices rose above USD81 per barrel level, at the close of trading the week beginning Monday, January 4 local time. Oil prices using the U.S. dollar (U.S.), will increasingly terdongkrak for winter.
This sentiment will take other types of materials such as petrol, gas and other fuels will also be strengthened, in connection with the increased demand.
As quoted from Assosiated Press, Tuesday (5/1/2010), the price of benchmark crude oil contract for February delivery rose $ 1, 92 to USD81, 28 per barrel in trading the New York Mercantile Exchange (NYMEX).
While in London, the price of Brent oil for February contract rose $ 2 to USD79, 93 per barrel on the ICE Futures. Read the rest of this entry »
