Internet advertising hit Economic Crisis
Economy August 20th, 2009
The number of U.S. spending budget in Internet advertising helped the economic downturn affected in the first half of 2009.
Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) said revenue from online advertising for the first six months of 2009 was approximately 10.9 billion. This number decreased 5.3 percent from the same period in 2008.
“Currently we are in the most difficult period of economic decline that occurred this decade,” said Chief Executive Randall Rothenberg Bureau, was quoted as saying by the AFP, Tuesday (6/10/2009).
“In recent years, the digital revolution has created a transformation in how consumers enjoy media and saw the ad,” said Rothenberg.
He also mentioned, along with increased economic growth, it is believed that Internet advertising will be recovered even more compelling for consumers to become a larger part of the interactive advertising medium.
Bank Mandiri Market Trade Finance Target 20%
Finance August 13th, 2009
PT Bank Mandiri Tbk (BMRI) could make a target market share of 17-20 per cent of the total volume of exports and imports in Indonesia next year. Certainty is obtained after the Bank Mandiri received trade financing facility (trade finance programs Facilitation / TFFP) from the Asian Development Bank’s (ADB).
“Bank Mandiri will target could make a market share of 17-20 per cent of the total volume of exports and imports of Indonesia. Moreover, this loan facility will not be eroded the capital adequacy ratio (Capital Adequacy Ratio / CAR) companies,” explained Director of Treasury and International Banking Bank independent Thomas Arifin, after the signing of cooperation with the ADB Bank Mandiri and Bank Artha Graha, the Hotel Dharmawangsa, Jakarta, Wednesday (25/11/2009).
Admitted that his side with a TFFP participants in this bank, Bank Mandiri will have easier access to boost trade finance credit lines. And to increase trade volume of Bank Mandiri and open new business opportunities, especially to countries which so far the volume of trade with Indonesia is still quite low.
According to data from the Ministry of Trade of Indonesia, until August 2009, Indonesia trade transactions to Asian countries dominate enough. Special to the Southeast Asia region, the total volume of exports and imports of Indonesia is USD24 billion, or 22 percent of the total value of trade in Indonesia, while other Asia-Pacific region of USD51 billion.
As of September 2009, according to SWIFT Watch, the number of transactions L / C exports and imports through Bank Mandiri is for a total of 20,300 transactions from 109 thousand transactions L / C nationally.
Singapore's Straits Times terkerek 0.8% to 2759.13
Stock Report August 11th, 2009
Singapore’s Straits Times Index terkerek 0.8% to 2759.13 at 10:27 am local time. A total of four stocks rose on the index member 30 for every one who is weakening.
Shares in the index traded at 14.8 times estimated earnings, compared with about 10 times in early 2009, said data collected by Bloomberg.
Boustead Singapore Ltd. (BOCS SP), engineering company, rose 2.5% to 81 cents Singapore, Frasers Commercial Trust (FCOT SP) rose 3.3% to 15.5 Singapore cents.
Keppel Corp. (KEP SP) rose 1.3% to S $ 8.65. The company said the unit Keppel Fels Ltd. him with J. Ray McDermott wins contract worth U.S. $ 1 billion for the construction of rigs for oil exploration venture company Petroleo Brasileiro SA and Chevron Corp..
Tiger Airways Holdings Ltd (TGR SP) climbed 2.1% to be S $ 1.48. The company said third-quarter passenger volumes rose 54% compared to last year, so the average load factor up to 88% from 83% a year earlier
Priority Solutions Combine HP Business & IT Assets
Portfolio August 10th, 2009
Hewlett Packard (HP) announced the existence of solutions and portfolio management project that has been enhanced to help users get a better report and make the business value as a priority in their IT investments.
HP Project and Portfolio Management (PPM) Center 8.0 is the main product in HP’s portfolio of IT Financial Management (ITFM). These products deliver integrated capabilities for IT investment management portfolio, the efficiency of global resources, and IT financial transparency.
“The ability to be combining business priorities with IT assets play an integral role in knowing the needs of today’s marketplace with innovation and speed are there,” says David Galas, Vice President Enterprise Architecture Planning and Equifax, through description officially, Friday (3 / 7 / 2009).
“HP Project and Portfolio Management to give more visibility to the project processes and resources across the enterprise structure, allows us to respond to changes quickly and knows the needs of our customers in an efficient” he continued.
Melalaui PPM Center 8.0, IT investment portfolio management (IT investment portfolio management) to align IT and business. Now customers can improve the accuracy of the technology investment and resource use. This feature increases the cash flow analysis and support the views of business with real-time information that can be immediately implemented.
“IT organizations are not only figure out how to reduce costs in difficult times like now, but they also require a better understanding to make the project become a major IT,” added Brian Spring, Head of Solution Marketing HP Software & Solutions Asia Pacific and Japan .
Stocks no longer cheap: Ace fund managers
Stock Report August 6th, 2009
ndian shares are no longer cheap after recording their biggest annual rise since 1991, investment strategists overseeing the country’s top performing equity funds for 2009 said on Tuesday.
Indian shares rose 81% in 2009, driven by a flood of foreign funds, stretching 12 months forward price to earnings multiple of India’s benchmark index to nearly 17 times, one of the most expensive in Asia.
“Markets are not cheap any longer… the earnings have come on the back of substantial fiscal and monetary stimulus,” Sankaran Naren, equities chief investment officer at ICICI Prudential Asset Management said in the Reuters Trading India chat room. “International valuations are cheap compared to Indian markets.”
In large caps, stocks are pretty fairly valued, so one does not see pure value picks there. However, in midcaps, there are some value picks,” Rajat Jain, chief investment officer of Principal PNB Mutual Fund, overseeing Rs 8,000 crore of funds, also said in the chat room.
While Naren, who manages Rs 7500 crore of equity assets, said his main bets were in the healthcare, telecom and utilities sectors, Jain prefers financials, consumer firms, construction, industrials and some infrastructure companies.
Principal’s funds, including its Emerging Bluechip Fund which rose 147.3% in 2009 as the top Indian fund, holds shares such as state-run State Bank of India and private sector lenders ICICI Bank and HDFC Bank.
Bad loans are not a serious concern and could even surprise positively, said Jain.
Sankaran Naren, whose ICICI Prudential Discovery Fund gained 134.3% in 2009, said he was overweight telecom as it is the sector which is seeing a cyclical downturn due to competition. “My belief is that it will work, there is too much crowding in other themes,” he said.
His funds hold shares such as Bharti Airtel and Mahanagar Telephone Nigam Ltd.
“Pharma is very cheap given the certainty of earnings,” he said, adding he liked power utilities as a defensive bet.
Drug firms Cadila Healthcare and and FDC are among his discovery fund’s top-5 picks. His investments from the utilities sector includes Tata Power Company and Indraprastha Gas.
Shun realty
Real estate was the one sector both the fund strategists said they were wary of.
“The sector is new to the stockmarket and we do not know how to value landbanks,” said ICICI’s Naren. “The sector is too volatile for investors.”
Jain added that the problems of real estate firms were not behind them and they still faced execution challenges.
These concerns were aired hours after Godrej Properties surged nearly 20% after listing at a 5.05 percent premium on its debut on Tuesday, in a first listing by any property firm in over two years.
