Samsung Electronics Co., projected revenue
Finance June 16th, 2010
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.
BNI Business Runway "Remittance"
Bank June 16th, 2010
BNI in cooperation with PT Pos Indonesia (Posindo) about the use of instant weselpos for remittance services (remittance).
This is a combination of cooperation and collaboration between the BNI and the Posindo shared a money transfer service with the potential and different resources.
With this partnership, BNI money transfer services can be forwarded to the service of weselpos instant Posindo that can reach remote areas as sending money via money order.
This cooperation was marked by the signing of cooperation agreements between Subiantoro Bien, Director of Treasury & International BNI with Setyo Riyanto, Marketing Director of PT Pos Indonesia, witnessed by Parikesit Suprapto, Deputy Minister for SOEs Line of Business Banking and Financial Services; Felia Salim Deputy Director BNI; and I Ketut Mardjana, President Director of PT Pos Indonesia, in Jakarta on Monday (25.1.2010).
According to Bien, the synergy between BNI and is believed Posindo can provide added value for both parties and be able to explore a greater potential for money transfer business in the future.
“With the globalization makes no longer any boundaries between countries for people who work or run a business that takes money transfer service that is easy, fast and cheap. BNI answer these challenges by improving performance and remittances services to customers across the country, including by expanding the network through collaboration with other institutions, “said Bien
BNI Smart Remittance Service to BNI superior service, supported by a broad international network and collaboration with other institutions. BNI has 5 overseas branches in major cities of the world are London, Tokyo, Singapore, Hong Kong, New York, a subsidiary of BRL (BNI Remittance Limited) in Hong Kong which has 4 outlets, Remittance Representative in the countries of the Middle East such as Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Asia including Malaysia, Korea, Taiwan and the support of more than 1300 correspondent banks all over the world.
BNI also developed the concept of virtual offices and also collaborated with major institutions in other countries, such as with Japan Post (Genkin Kaketomei) and SingPost.
With an international network is extensive it will be more complete through collaboration with PT Pos Indonesia. So that remittances can be served by the service to reach weselpos instant on remote areas with a network of PT Pos Indonesia.
“This collaboration is also to be our commitment in supporting the Ministry in implementing the state-owned SOEs Incorporated, which is increasing synergy or mutually beneficial cooperation between the SOEs to improve the performance of SOEs in general,” he added
BNI remittance performance in 2009 both incoming and outgoing transfers rose sharply transfer. For the delivery slip the slip reaches 2.05 million or 103 percent of the target with a nominal value reached 35.6 billion U.S. dollars. This year, BNI target increased remittance transactions rose by 20 percent.
Microsoft sought the data portability
Company Info June 9th, 2010
One of the huge effort in Microsoft’s software technology to achieve interoperability with other vendors is to promote the portability of data through three steps.
Brad Smith, Senior Vice President and General Counsel Microsoft Corp., describes the three steps to create an open format, allowing export and import data and technology architecture support.
“Interoperability is very important for computing devices, software and services used by consumers and growing are manifold. Industrial [IT] to be very heterogeneous,” he said, speaking in the Regional Innovation Forum 2008 this morning.
In terms of data formats, go Brad, Microsoft has opened the technical documents related to the data format used by the software company. Documents protected trade secret laws and that closed earlier today anyone can learn, including developers, allowing sourcce open exchange of data.
The next step is to realize interoperability allows the import and export files in formats different. “Our products can read data from other products, and vice versa. Then our product can save files in formats other products, and senaliknya,” said Brad.
Interoperability is achieved by designing the architecture that supports various formats of other products, one of them via a plug-in technology, Microsoft. Plug-ins in general is a component of accessory to the software that can perform certain functions, in this case the data exchange.
Busines Software Alliance (BSA) re-organized the Regional Innovation Forum 2008 with a focus on the theme of competitiveness and public policy in the IT sector, as well as reduction Cybercrime. Seminar and panel discussion was attended by over 100 delegates representing the software industry, government agencies, law enforcement agencies, universities and IP practitioners from several countries in Asia.
The Indonesian delegation of eight people from the Ministry of Communications and Information Technology, Ministry of Industry, Ministry of Research and Technology including Penkajian Agency and Application of Technology (BPPT).
“This forum is a place to share and exchange ideas with delegates gather background different so as to bring diversity of perspective,” said Robert Holleyman, President & CEO of Business Software Alliance (BSA) in the opening speech this morning.
The first theme will discuss the factors necessary to foster competitiveness and create the information technology sector. The second theme discusses how public policy role in promoting the availability of technology options can push this industry, especially software. The third theme to talk about prevention Cybercrime and faktir factors to create the information technology industry is sustainable.
“It’s time for Asian countries to speak. The position of Asia become increasingly important as the engine driving the growth in the technology sector and the economy,” said Geoffrey Yu, Deputy Chairman, IP (Intellectual Property) Singapore Academy.
Speakers in the Regional Innovation Forum 2008, among others, comes from Microsoft, Washington University School of Law, the Economist Intelligence Unit, BSA and government agencies Malaysia, Taiwan, Singapore and the Philippines. BSA is an anti-piracy organization whose members are world-enterprise software company, founded in 1998 with offices in 80 countries.
Eight Bank Increases Rates
Bank June 9th, 2010
an international agency, Fitch Ratings, raised ratings of eight banks in Indonesia from BB to BB +. this shows, the first quarter of 2009 despite the world situation is still not recovered from the crisis, the financial performance of banks in Indonesia is quite good.
Eight banks increased their ranking by Fitch Ratings on Wednesday (27/1/2010), the Bank Mandiri, Bank Rakyat Indonesia, Bank Central Asia, Bank CIMB Niaga, Bank Danamon, Bank Internasional Indonesia, Bank NISP OCBC and UOB Bank Buana.
Earlier, on January 25th, the same institution to raise the rank of Indonesia `s debts in foreign currency, from BB to BB + with stable outlook.
“This ranking reflects the increase in endurance in the midst of the financial performance of operating conditions more difficult, especially in the first quarter of 2009,” said Director of Financial Institutions Group Fitch Ratings Tan Lai Peng in Jakarta.
He explained that the increase was ranked according to Fitch Ratings’ expectations that the improvement of banking in Indonesia will continue because the macro economic outlook is stronger in 2010.
Although ranking these banks rose, Tan admitted that the quality of loans in almost all banks in 2009 decreased. This decline is expected to continue in early 2010. However, Tan believes, operating conditions are better this year will support the credit quality and profitability in the future.
In the midst of political criticism
According to analysts of capital markets and banking, Mirza Adityaswara, Indonesia increase state rank reflects the trust of international agencies on macro economic conditions of Indonesia. In 2009, Indonesia one of the few countries in the world that have a positive economic growth, which is 4.3 percent.
This year, Mirza said, Indonesia’s economic growth could be supported by 5,3-5,7 percent with a large population, heavy reliance on exports is relatively low, a healthy banking system, as well as fiscal policy and financial authorities to be careful.
“So, in the midst of criticism against the government some politicians, turned out to agencies such as Fitch Ratings gave praise to raise the ratings of Indonesia and Indonesian banks,” said Mirza.
Related increase in the ranks of eight banks with liquidity, Mirza said, since the 2009 third quarter, is no longer a problem of liquidity in the domestic banking system.
The flow of credit in this year, according to Mirza, will depend on the demand for credit and real sector activity for bank loans that have not been distributed is still quite large.
Should, go Mirza, real sector activity in this year may be in line with the improvement of the global economy and the domestic economy. Thus, loans from banks that have not been distributed can be used by employers.
Two Million U.S. Dollars Flowing Sign
Finance June 9th, 2010
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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