Refishowcase Business & Finance

Indonesia will enter in the implementation of an integrated system of the ASEAN Single Window (ASW) along with six other ASEAN countries. Meanwhile, the ASW will be complete in 10 ASEAN countries in 2012.

“Target end 2010, six have joined ASEAN in ASW agreement,” said Chief Executive Susi Wiyono Technical Budiharso National Single Window (NSW), after the press conference launching the NSW system in Jakarta International Container Terminal (JICT), Tanjung Priok, Jakarta, yesterday.

The six countries are Indonesia, Malaysia, Thailand, Singapore, Philippines, and Brunei Darussalam. Meanwhile, four other Indochina countries will follow in 2012 namely Vietnam, Laos, Cambodia, and Myanmar.

In addition, four new countries will join later because it is still stuck in the legal aspects of each country. “Crossboarder barriers of data exchange,” he added.

Meanwhile, Chief Executive of the NSW Eddy Putra Irawady stated that in 2012 the government will have an independent agency to deal with the ASW. “The plan in 2012 we had a new institution for it (ASW), it is in conformity with our work plan,” he said.

As is known, was inaugurated yesterday in the five NSW ports and airports in Indonesia is carried out symbolically by President SBY. Later management of the implementation of import-export documents and customs will be done online, while the four ports will be open 24 hours a day service, seven days a week.

Balance of Trade of Indonesia in the year 2009 reported a surplus of 19.63 billion U.S. dollars. One factor driving is because of the special trade balance surplus in December 2009, which recorded U.S. $ 3 billion.

“When compared with the trade balance surplus by the end of December 2008, which reached 7.82 billion U.S. dollars, the trade balance surplus in 2009 increased three times compared to the year 2008,” said Head of the Central Statistics Agency (BPS), Rusman Heriawan in Jakarta, Monday (1/2/2010) when the monthly report on inflation, exports, imports, and economic indicators other.

The trade balance showed an increase or decrease in value of exports and imports. Position in December 2009, Indonesia’s trade balance showed that the cumulative exports reached 116.49 billion U.S. dollars. The value of imports of 96.86 billion U.S. dollars. Thus, the export value of more tingga 19.63 billion U.S. dollars compared to the value of imports, or a surplus. “This is a signal that the actual beginning of the world economy is recovering,” said Rusman.

Having suffered financial crisis and the global economy since the end of 2008, the value of monthly exports Indonesia has always been a negative growth starting from January to September 2009. However, starting in October 2009, the export value grew back positive.

Between October to December 2009, Indonesia exports helped by an increase in international trade in some commodity, namely crude palm oil (CPO), coal, and copper. Export this causes non-oil exports in December 2009 reached 10.83 billion U.S. dollars, or up 28.3 percent compared to November 2009.

Exports in December 2009 it was the biggest in the history of Indonesian exports. Because the highest monthly exports in May 2008, ie 12.9 billion U.S. dollars. “It was exceeded by exports in December 2009, which reached 13.33 billion U.S. dollars,” said Rusman.

Samsung Electronics Co., projected revenue growth this year will encourage increased spending plans chip vendors, television, and mobile phones are the largest in Asia.

In the last year, Samsung plans spending reached U.S. $ 7 billion. Recovery of the global economy expected to drive demand for TV products, mobile phones and computers.

Samsung’s annual profit shot up 75%, the highest within the last five years, to U.S. $ 8.3 billion.

Choi Gee Sung, who was appointed CEO of Ericsson in the last month, faces competition to retain market share amid Samsung increasingly tight competition from other television vendors such as Sony Corp. and Apple Inc. in the mobile market.

Net income in the quarter Samsung IV/2009 reached 3.05 trillion won, up from the losses experienced by Samsung in the same period the previous year 22.2 billion won. Demand for chips and LCD at this year remains strong.

DisplaySearch research institute projected that the global LCD sales rose by 22% to 171 million units.

Previously, Samsung LCD sales target this year will reach 35 million units, while LG Electronics Inc., the second largest vendor, target will sell 25 million units.

Cash Fund in the form of foreign currency worth U.S. $ 2 billion flowing into the State General Treasurer accounts or BUN, another title from the finance minister, in Bank Indonesia or BI. This is a fund from the proceeds of state bonds or the dollar-denominated global bond by the government at the beginning of this January 2010.

“The fund has entered into our account at Bank Indonesia, Thursday (21 / 1) then,” said Director General of Debt Management, Finance Ministry, Rahmat Waluyanto in Jakarta, Sunday (24 / 1).

The entry of these funds will add to its reserves at the Bank Indonesia. However, at the same time, the influx of funds also increased the number of nominal bonds issued by state governments since 1997 to close to Rp 1,000 trillion at the moment, precisely Rp 998.154 trillion.

That is the data recorded at the Directorate General of Debt Management, Ministry of Finance, as of January 20, 2010.

State bonds or official called the State Securities (SBN) which is the largest bonds traded in the bond market, which reached Rp 743.6 trillion. That includes Government Bonds (SUN) fixed interest amounting to Rp 399.9 trillion.

After that, there was SUN with a floating interest rate (variable rate) whose value has reached Rp 143.3 trillion; and bonds without interest (zero coupon bond) is Rp 28.986 trillion. The bonds issued U.S. dollar-denominated to date has reached Rp 150.255 trillion.

The government also has published the Samurai Bond or bonds issued only in denominations of yen and only published in the Japanese bond market, which currently has reached USD 3.561 trillion. Other types of debt securities that have been published government is based Islamic bonds, or sukuk, which currently has reached Rp 17.561 trillion.

In addition to the outstanding bonds on capital markets, the government also still bear the burden of bonds that are not traded, the debt papers issued after the 1997 crisis. The total value of these bonds reached Rp 254.56 trillion.

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President of the United States (U.S.) Barack Obama will submit a proposal to restrict the rules of banking activities in the country. Specifically, Obama wants to restrict the activities of investment banks buying assets or shares to profit.

“Activities that have nothing to do with the interests of customers,” said Obama in an interview with ABC, as quoted by Bloomberg, last week.

Transactions are usually called proprietary trading practices are the cause of speculation in the U.S. property market is the cause of the crisis in 2008. So, go Obama, limiting the size and activities of financial institutions necessary to reduce excessive risk.

This proposal will become part of the reform of financial regulation that will govern the perpetrators to behave reasonably. “U.S. financial regulatory system currently is not enough to watch the extra risks and player behavior irresponsible,” Obama said.

Close of business “private equity”

The proposal would force the U.S. banking giant, such as JP Morgan, Goldman Sachs, and Morgan Stanley, the business unit to sell their private equity. Can not be denied, big banks like Goldman would lose a lot of revenue.

Understandably, the business was, in the last year Goldman became the most profitable bank in Wall Street history. More than 90 percent of income before tax from Goldman Sachs private equity unit is.

Managing Director of Goldman Sachs Lloyd Blankfein said, the company must generate their own profits in order to cover losses that occur due to the crisis in 2008.

State government plans Uwak Sam is actually not much different from the British Government did. A month ago, the financial services authority in England has announced plans to restrict the proprietary trading at banks. As a result of the rule, the country’s banking industry must set aside capital reserves to 47 billion U.S. dollars to cover potential losses from the business.

This rule is not a criticism. Bruce Ettelson, legal consultant at Kirkland & Ellis LLP, says, this will impact on the rule change on Wall Street and many business deals have been agreed previously. “This rule also increasingly shrinking sources of funding for private equity and hedge funds,” he said.