Discover TPI bulging Bonds worth USD $ 1.6 Trillion
Portfolio January 8th, 2010
The power law of PT Cipta Televisi Pendidikan Indonesia (TPI) has found new evidence in the form of rupiah-denominated bonds and bulging U.S. dollars signed by the old management with a total value of Rp 1.6 trillion.
“The value is quite large, amounting to U.S. $ 170 million and Rp 45 billion,” said Attorney Moses Grafi of TPI Marthen Pongrekun and Assosiated, in a press release, Sunday (24.1.2010).
Moses explained, bonds consist of 170 pieces of mail each worth U.S. $ 1 million and 45 pieces of mail each worth Rp 1 billion. Assuming the exchange rate USD 9200 per dollar, the total value of bonds is bulging around Rp 1.6 trillion.
“The old management of the sign and extent of TPI does not get the result at all,” he said.
In addition, the TPI has the legal authority to enter or register the contract review memory (PK) of new TPI to the Central Jakarta Commercial Court today. “On the new findings, we have reported to the high court. It has just finished from there,” he explained.
The bulging securities, continued Moses, found in the files that slipped in the rest of the files remaining TPI management. “This file is found in the safe, after it emerged bankruptcy decision. So approximately between the months of November to December and then, this new evidence,” he explained.
Meanwhile, Moses says as many as five new lenders have entered the PK memory counter to Supreme Court (MA) through the Commercial Court Central Jakarta District Court.
All five companies that filed the counter-memory of PT Media Nusantara Citra Tbk (MNCN), PT Citra Prima Creative Reka, PT Focus Bali Internusa, PT Orange Audio Visual, and PT Anka Enterprise. “In addition to TPI, there are five other creditors,” he concluded.
Earlier Supreme Court panel of judges comprising the Chairman of the Panel Mappong Abdul Kadir, and two members Zaharuddin Home and Hatta Ali, related bankruptcy case granted PT Cipta TPI appeal from PT Cipta TPI on December 15, 2009 then.
In pertimbangnnya, Panel of Judges stated that the bankruptcy decision that had been severed by the District Court of Central Jakarta Commercial was not simple, while in principle in accordance with the provisions of the Bankruptcy Act that in handling bankruptcy cases should be simple proof. Thus, the decision of bankruptcy TPI canceled and no longer valid behavior
Improved U.S. Manufacturing
Economy December 28th, 2009
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 »
Natural GMAC Up $ 5 Billion Loss
Company Info December 23rd, 2009
GMAC Financial Services recorded a net loss of $ 5 billion for the period of financial performance in the fourth quarter, where previously been predicted.
The numbers are most relevant for alleged failure to pay or credit macernya car and house payments from financial companies selling risky mortgage assets.
As quoted by Reuters on Wednesday (6/1/2010), one of the largest car loan makers in the United States (U.S.) has just got an injection of fresh funds by $ 3, 8 billion from the U.S. government.
The latest cash digelontorkan as a series berstatuskan bailout loan. Where GMAC itself has struggled to recover from the housing crisis in default. Read the rest of this entry »
U.S. Economic Data Dow Jones going weak
Stock Report, Uncategorized December 15th, 2009
The Dow Jones closed down 11 points, in trading Tuesday (5/1/2010), as investor fears of economic data released in the United States (U.S.).
Observed, the three major indices in Wall Street mixed in late trading, a day after the Dow Jones managed to record surge of more than 150 points triggered by the U.S. manufacturing data and China.
As quoted by Reuters on Wednesday (6/1/2010) sentiment brought the Dow Jones index fell 11.94 points, or 0.1 percent to the equivalent 10,572.02. Meanwhile, the S & P 500 had gained 3.53 points, equivalent to 0.3 per cent to 1136.52, and the Nasdaq index rose 0.29 points, or 0.1 per cent equivalent to 2308.71. Read the rest of this entry »
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 »
