Refishowcase Business & Finance

Some producers elektonika world started to show its commitment to make Indonesia its production base. Principals of the world electronics products such as Sanyo, Toshiba, Changhong showed a strong desire to make Indonesia a production base.

“They’ve started, the symptoms considered to be Indonesia’s competitive,” said Minister of Industry, MS Hidayat in the event at the factory visit Toshiba, Cikarang, Monday (1/2/2010.)

Hidayat said that in addition to consideration of competitive labor in the field, Indonesia has a fairly large market. In fact, he said, the purchasing power electronics sector in the domestic market currently experiencing an increase up to 7% per annum despite the shadow of the global crisis some time ago.

“Our workforce easily trained and skilled,” he said.

But Hidayat admitted currently faced by Indonesia is still perseolan infrastructure limitations, which makes the weakening competitiveness of Indonesia in the field of infrastructure with other countries. For example the need to be observed is a matter of high interest rates, the high component of imported raw materials, Pungli, power supplies and others.

“The weakness of our high-cost,” he said.

Currently he said, the number of industries that produce electronic products and components, there are about 235 companies. Growth is expected to reach 10% per annum in the period 2010-2014 with the labor absorption capacity of 150,000 people.

United States manufacturing sector (U.S.) in December jumped to the highest level in four years. The data show that manufacturing expanded for five consecutive months.

Institute for Supply Management’s factory index mentioning the U.S. in December rose to 55.9 points compared to November which recorded 53.6 points. These data add to the public belief that the U.S. economy in 2010 will improve. “This (development of performance) that we need in 2010. The data show the recovery will form a V pattern,” said President Alan B Lancz & Associates Alan Lancz in Toledo, Ohio, USA.

U.S. factory index data in December was the highest since April 2006, when the index was in position 56 points. Index above 50 indicates expansion. As is known, the U.S. economy collapsed in late 2007 and entered the worst recession since the Great Depression of the 1930s. Read the rest of this entry »

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 »

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 »

Data from the U.S. workforce (U.S.) who filed unemployment (jobless benefits) are at the lowest point during the last 17 months. The fall in unemployment rates are a result of the economy has improved, so that more jobs are created.

Data from the Ministry of Labor, as quoted by Reuters on Friday (1/1/2010) mentions ajuan claims for U.S. unemployment benefits fell to a level of 432 thousand in the period ended December 26 from 454 thousand in the previous week.

The claim is dropped to the lowest level since July 19, 2008. Whereas previously, some analysts predict that if the unemployment rate will grow to 460 thousand.

However, some analysts warned that the holiday is happening has made some of the unemployed has not filed such claims. While several other analysts said if current employment is the much-needed.

“Although slowly, but a reduction of the number of unemployed was consistent. Along with the improving labor market,” said Eaton Vance Chief Economist Robert MacIntosh Corp. in Boston.

Meanwhile, U.S. consumer confidence rose to its highest level for three months in December. While home prices remain stagnant in the month of October, stop the rise for five months.

Conference Board announced Tuesday that consumer behavior index increased to 52.9 points in December from November’s position recorded 50.6 poin.Namun, pessimistic consumers labor market will ease. Consumer expectations are also strengthened in the highest position in two years.