Asia's Time to Consider Joint Currency
Forex May 16th, 2010
The countries in Asia are urged to consider the use of a common currency as a regional-scale accelerated economic integration in the region.
This idea is similar to what the European Union when they enforce the euro in mid-2002. The goal is the continent’s economy is more solid yellow and supports the global post-crisis recovery process. This idea was conveyed former Minister of Finance and the Japan International Cooperation Eisuke Sakakibara at a forum in Singapore yesterday.
According to him, the implementation of a common currency may have no more hot issues discussed, but it’s possible to rethink the idea. Only, he said, the talks will take several decades due to common perceptions among countries in Asia.
“But it might be time to think about how Asia’s economic integration is gradually approaching the European level,” Sakakibara said in Singapore yesterday.
According to Sakakibara, this idea triggered a global economic slowdown due to the worst financial crisis since more than 70 years ago it was.
Moreover, he said, many analysts who said that Asia will lead the growth in the recovery period. In addition, countries are key to Asia’s growth was also considered to reduce trade barriers and offer business network procedures better. One example, he said, is the agreement between the countries in Southeast Asia (ASEAN) with China which began January 1 lalu.Kerja as it makes an open market for 1.7 billion people in the region.
Sakakibara is currently a professor at a university in Tokyo also stated that the use of policy references a common currency that will use its own version, different from the concept of the International Monetary Fund (IMF). Given the scale of potential economic growth in Asia, Sakikabara suggested that such a reserve fund established with funds to strengthen the event of a crisis. This proposal is based on the trends that occurred recently, where the governments of the countries in Asia as a backup compact closed devisanya ratarata about $ 5 billion.
“Imagine if we use only 5% of the total funds that will be collected at least approximately USD250 billion, enough to form a common fund,” said Sakakibara. According to him, now it’s time to start and trying to coordinate exchange rate policy and monetary policy uniformity. However, the plan will not be easily assessed since there is a possibility does not like the United States (U.S.) for fear of discouraging that in fact the influence of the IMF diboncengi Western interests. Other countries also are designing the formation of currency is the Middle East region.
Rich countries that the oil was even further by the fact the union agreed to the establishment of Arab currencies in December. Countries that joined in the deal include Bahrain, Kuwait, Qatar, and these same Arab Saudi.Kerja incorporated in the Country Cooperation of the Gulf (GCC) and will form a special central bank and the Gulf currencies immediately issue a special
In the middle of the discourse of increased levels of inflation and interest rates are likely to occur in 2010, the property and gold can be a safe investment instruments from the effects of inflation.
This was revealed by the Head of Research and Chief Economist of ING Asia Commercial Banking Condon team teleconference with reporters at the office of ING Securities Indonesia, Stock Exchange Building, Jakarta, Tuesday (26/1/2010).
“Property and gold is considered as two investment instruments that can overcome the effects of inflation among investors in Indonesia,” he explained.
He explained if investors will continue to monitor inflation and domestic interest rates in 2010. The survey states that 50 percent of investors expect inflation will rise in the first quarter-2010.
At the same time, 53 percent of investors believe that interest rates in the country will meingkat in second quarter. Indonesian investors view an outline of this is consistent with the views of investors in other Asian countries (except Japan), where 59 percent of their estimate of inflation increased in the first quarter-2010.
“Investors are expected to carefully consider monetary policy to be tightened in 2010. Although Indonesia recorded lower inflation rates in 2009 due to weakening commodity prices, inflation will again rise in early 2010, and lasted in the range of 5-7 percent during 2010. We expect interest rates will rise in the first half of 2010, “explained Tim.
How to Buy Stocks?
Stock Report May 16th, 2010
Christian I want to ask where I can buy a sheet stock? Would have to go through a broker? If yes, where I can find these brokers?
Then I also want to ask when I bought 500 pieces of such shares, and then if there is a time to sell it back?
Answer:
Shares in Indonesia Stock Exchange (IDX) traded in units called lots. Where a lot consists of 500 shares.
Sale or purchase of shares must be made through one of around 120 brokers registered in the BEI. To see a list of these brokers, please visit the site on the Indonesia Stock Exchange www.idx.co.id.
When you buy a stock there is no time limit to sell it back.
PT Bhakti Securities, or any other party, and the author is not liable for damages arising from use of the information in question and answer forum on www.okezone.com, or damages arising in connection with the information in question and answer forum Bhakti Securities at www . okezone.com. The information and opinions may change at any time without notice.
About Credit Score
Credit & Loan May 7th, 2010
Almost everyone involve in credit things, means borrowing money from someone or a company, and return it on a later date. But basically people go to a BANK to get a credit.
Many reason to go for a credit, to do business or to fullfill a their living cost. But better be always aware that we must have good credit history, as a bank will always pay attention to our credit history. If you also using credit card, and you have many of them from a different bank, you’ll find maybe sometimes you missed the payment, and it’s time to rearrange and knowing your credit history.
To get free credit score you can visit freecreditscore.com, they provide free scoring that calculate based on scientific method that uses statistical models to assess an individual’s credit worthiness based on their credit history and current credit accounts. Creditors–especially in the mortgage industry–frequently use these scores, known as FICO Score as an important factor in the decision whether or not to offer credit, if your FICO score 700 or above normally indicates a very good credit history, if between 620 and 650 as average range, indicate good credit, but suggest to lenders to look at the potential borrower before extending a large loan or high credit limit.
Astra Group Shares Stabilize the JCI Movement
Stock Report May 3rd, 2010
composite stock price index (JCI) in afternoon trading session close higher 20 points. Not much different when the opening of morning trading that also opened in the same level.
JCI at the close of trading Wednesday (3/2/2010) afternoon rose 20.4 points or 0.79 percent equivalent to the level of 2600.65. Meanwhile LQ45 index gained 3.98 points to 507.84 and the position of Jakarta Islamic Index (JII) rose 4.35 points to 428.81 positions.
Stock trading volume was recorded at 2.42 billion shares valued at Rp1, with 54 trillion shares close higher as many as 125 species, 36 types of stocks weakened, and 73 types of stocks stagnate.
In line with JCI, the stock tends to move strengthened regional and green stable since this morning. The shares of Astra group also contribute contribution to menyetabilkan JCI movement this afternoon, as well as the whole sector to move the green.
Shares close higher or top Gainer, such as PT Indo Tambangraya Megah Tbk (ITMG) rose Rp500 to Rp31.800, PT Astra Agro Lestari Tbk (AALI) rose 300 to Rp23.100, PT United Tractors Tbk (UNTR) rose Rp250 to Rp16 .750, PT Tambang Coal Bukit Asam Tbk (PTBA) rose Rp250 to Rp16.750, and PT Astra Otoparts Tbk (AUTO) rose 200 to Rp6.300.
Stocks closed lower or top loser, including PT XL Axiata Tbk (EXCL) down Rp325 to Rp2.200 position, PT Indocement Tunggal Prakasa Tbk ambles Rp100 be Rp13.150, PT AKR Corporindo Tbk (AKRA) Rp60 corrected to Rp1 .120, and PT Mayora Indah Tbk (MYOR) down Rp50 to Rp4.000 position.
