Time for Gold and Orange Shopping
Gold Investing July 6th, 2010
Now is the time to buy oranges, gold, chicken meat, or eggs. All four of these commodities is the largest contributor to the deflation that occurred in January 2010 as prices decline significantly.
For mothers who like to collect the gold, it’s time to buy gold because the price was falling.
“For moms who love to collect gold, it’s time to buy gold because the price is going down,” said Head of the Central Statistics Agency (BPS) Rusman Heriawan said in Jakarta on Monday (1/2/2010), when the monthly report on inflation, exports, imports, and economic indicators other.
BPS report shows, from the 66 cities surveyed during January 2010, no one city or any district that experienced deflation. However, BPS was noted that some commodities are falling in price, ie, orange, gold, chicken meat, or eggs.
“As usual, the fruit is always a major factor of deflation. We also recorded a deflation in the clothing commodity groups,” said Rusman.
BPS has not seen any impact of the realization of the Free Trade Agreement China-ASEAN (CAFTA) which causes lower clothing prices. On that basis, the price of clothing is expected to further come down when CAFTA was implemented starting January 1, 2010.
“If the FTA before it is deflation, the clothing could have deflation in February 2010,” said Rusman.
Clothing by a deflation in January 2010 of 0.2 percent. Commodities that contributed to the deflation of personal items and clothing are gold jewelry, which is 0.04 percent.
Keep foreign Incar Local Bank
Bank July 6th, 2010
- Starting in 2010, Indonesia’s banking top position shopping list more aggressive. They will acquire a number of banks in the ASEAN countries. Indonesia’s banks top position of their shopping list. During this January, two Indian-owned banks that have declared his intention to buy bank in Indonesia, namely the State Bank of India (SBI) and Union Bank.
Deputy Director and Executive Director of SBI Group Pratip Chaudhuri says, than other ASEAN countries, “Indonesia is our main priority,” as quoted by the oldest English-language daily in India, The Statesman, Sunday (24/1/2010). After Indonesia, banks in Thailand and the Philippines to be the next target.
In Indonesia, SBI Group banks aimed beraset Rp 1 trillion, with a minimum number of branch offices 40 offices. Acquisition budget 200 million U.S. dollars. “Target acquisition accomplished in the second quarter of this year,” added Subramanian Sathyamurthy, Director of Operations, Treasury, and Technology SBI Indonesia, to Cash, Tuesday (26/1/2010). The plan, SBI will combine this new bank with Bank Indomonex already ruled since 2006.
Do not want to miss, Union Bank claimed the shooting of four middle-class banks in Indonesia. Told The Financial Express, Indian government-owned bank that claimed to have received approval from shareholders of the bank in Indonesia. Other Indian banks that had expressed interest to enter Indonesia is the Punjab National Bank (PNB). However, that plan has not heard the rest until now.
Not only investors from India are seriously targeting banks in Indonesia. South Korean banks, such as The Industrial Bank of Korea (IBK) and the Korea Development Bank (KDB), also have the same interests. Management both the red plates bank claims are just waiting for approval from their shareholders to run the expansion.
Although looks aggressive, move investors from India and South Korea was practically behind when compared to investors from Malaysia and Singapore who first tasted the sweetness of a bank in the country.
Director of Licensing and Banking Information BI Bank Indonesia Swastanto Joni said, until now BI has not received application for a license acquisition from Korean investors. Finally, BI has received application for a license RHB Banking Group will acquire Bank Mestika Dharma.
The aggressiveness of foreign investors are apparently triggered by the sweetness of the banking business in the country. In addition to the broad market, they are tempted by the interest margin is nearly 7 percent and the liberal ownership rules, up to 99 percent.
Government Must Usut Unauthorized Debt
Credit & Loan June 16th, 2010
The Indonesian government asked to open and investigate thoroughly about the details of the debts are not legitimate or illegitimate debt that comes from overseas funds.
Executive Director of the International NGO Forum on Indonesian Development (Infid) K Donatus Marut, Sunday (31/1/2010), says that it needs to be done to reduce the burden on the state debt payments should not have to be paid.
He said, there are three Ketegori debt that can be included in the sense of illegitimate debt. Each is a corrupted debt, debt that does not meet the requirements of development in Indonesia, and debt for the procurement of goods secondhand diketegorikan as waste in developed countries.
Trade Balance Surplus RI 19.63 Billion U.S. Dollars
Finance June 16th, 2010
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.
Negative sentiment shares Shadowed Global Exchange
Stock Report June 16th, 2010
Beware. Shares trade on the Indonesia Stock Exchange (IDX) is still overshadowed the negative sentiment from the global market. There is the possibility of opening trade Wednesday (27/1/2010) This morning, the index would go into the red zone.
Tuesday (26.1.2010), the Dow Jones index in the United States fell 0.03 percent to 10,194.29 level for market participants chose more cautious ahead of a meeting of the Federal Open Market Committee would take place later today.
In addition to the U.S. central bank hopes to maintain its reference rate at 0.25 percent level, investors are also anxiously awaiting the results of the election the U.S. central bank governor. Ben Bernanke, Fed governor today, is expected to occupy the back seat the leader of the Fed.
In addition, the market was also awaiting a speech U.S. President Barack Obama in the election of the governor of the Fed. Just so you know, Obama has recently banned the big banks to make risky transactions. U.S. stock indexes directly negative response to the policy during the three-day decline in trade which reached 5 percent.
In Asia, conditions are not much different. Obama and policies China plans to put the brakes on economic growth in the market are reluctant to climb. In Tokyo, the MSCI Asia Pacific Index slid 0.3 percent to 119.11 level at 09.19 local time. Nikkei 225 index slid 0.1 percent to 10,316.13 and the level Kospi index sliding 0.7 percent to 1626.16 level. Decrease in commodity prices has impacted on the movement of stock indices in Asia.
For example, the price of crude oil contracts for delivery in March 2010 in the New York Mercantile Exchange (NYMEX) who stepped down 0.7 percent to 74.67 U.S. dollars per barrel. Copper contract price for delivery in March 2010 on the Comex, a division of NYMEX, also fell 1.6 percent to 3.34 dollars per pound
