Ranking Tunas Mandiri Finance idA
Finance September 14th, 2009
PT Indonesia Morningstar (Pefindo) assign ratings to PT Mandiri idA Tunas Finance (TUFI). As for IV/2007 bonds worth Rp350 billion and bonds worth Rp250 billion V/2008 with a stable outlook.
This is like Pefindo management disclosed in a written statement received okezone, in Jakarta, Thursday (19/11/2009).
As Pefindo, these ratings reflect the strength of support from PT Bank Mandiri Tbk (BMRI), the magnitude of the potential for business growth through synergies with its shareholders, and strong capital levels.
However, the ratings are constrained by the weakening position of the company’s business and industry competition.
Investors Asset-WBG Rp5 Dressel M Refunded
Portfolio September 12th, 2009
Central Jakarta District Attorney will return the confiscated assets worth Rp 5 billion to investors Dressel-WBG through the Crisis Center Dressel-WBG on Tuesday 18 August.
“Execution Dressel case evidence will be held on August 18, 2009, held at the State Attorney Jakpus,” said legal counsel Crisis Center (CC) OC Kaligis, in a written statement received Legal, in Jakarta, Thursday (13/8/2009).
According to him, numbered letters please B-766/0.10/EP.1/08/2009 information about procedures and execution time of the Head of Tris Jakpus Kejari Sumardi is a response to a petition which had been submitted to the OC Kaligis Kejari Jakpus to immediately execute the asset confiscated by officials to the victims of WBG investment Dressel-WBG bulging since 31 July.
“The plan, the process of transferring assets will be confiscated immediately attended by representatives of the victims and the Crisis Center,” he said.
For information, Dressel investment case unfold since February 2007. Customers originating bank sued Seattle, Regal Financial Bancorp Inc. and Dressel Investment Ltd., an investment institutions from the British Virgin Islands.
Throughout 2001-2007, the WBG, Dressel raise funds for USD385 million from customers in Indonesia. WBG offers two investment products, namely Sportman Portfolio and the Global Market Portfolio (GMP) fund.
In its bid, WBG said investors’ money will be invested in Hong Kong by Dressel. WBG to lure investors with an interest of 24-28 percent per year for a minimum investment to $ 5 thousand Sportman Product Portfolio and $ 10 thousand untuuk GMP products Fund.
WBG also successfully raise funds for approximately Rp3, 5 trillion of the approximately 10 thousand investors Indonesia. However, the investment was bulging. Later the customer know, instead of investing their funds, but played in a ponzi scheme. WBG finally collapse.
The WBG three directors who had run the Managing Director of PT WBG Krisno Abiyanto Soekarno, Director of Operations of PT WBG Paimin Landung, and Finance Director Thomas Aquino Rindarko bin Haryadi range of mountains is now in jail.
The court has seized some assets of the Managing Director of PT WBG, as the sum of USD2.687 ± and some assets to move goods and goods not moving.
In addition, the value of the confiscated assets were no more than Rp 5 billion, so far compared to the total loss of customers across Indonesia, which reached Rp3, 5 trillion.
Based on the High Court verdict DKI Jakarta No.67/PID/2008/PT.DKI dated 22 April 2008, the confiscated assets were returned to the victims through the Crisis Center, but the execution has not been implemented.
Take advantage of the Global Economic Recovery
Economy September 7th, 2009
CONDITIONS economy in 2010 is estimated to be better than the previous year. This estimate is caused by several things, one of which is a global economic recovery from the blows of the crisis.
But Indonesia Could use the opportunity of global economic recovery to boost domestic economic activity? Year 2009 can be regarded as a climax to impact the global economic crisis is reflected in domestik.Hal macroeconomic indicators, especially ekonomi.Pemerintah growth estimates 2009 economic growth reached 4.3 percent, where this figure is lower than 2008 and 2007, respectively 6.1 percent and 6.3 percent.
But the government is targeting 5.5 percent growth in 2010. This means that the domestic economy bergeliat chance of returning, at least equal to the pre-crisis conditions. Reflecting on the above conditions, it can be concluded that the global economy has a major influence on the domestic economy, which bertransmisi through trade and financial channels.
In the financial point, impact of global crisis manifests itself in the withdrawal of funds by foreign investors that have liquidity problems, as well as more economic financing inhibition by financial institutions. While the trade routes, the impact of the crisis manifests itself in weak trade flows of goods and services, thus weakening effect on the real sector.
Based on World Bank data, during July 2008 – February 2009, the export value dropped by 43 persen.Namun net export contribution to the Gross Domestic Product (GDP) remained positive, because at the same time, the value of imports dropped by 56 percent. In general, the global economic recovery will positively impact the domestic economy. Also bertransmisi impact through financial and trade channels.
In the financial point, impact the global economic recovery manifests itself in increased capital inflows into the domestic financial sector, both short-and long-term capital inflows panjang.Peningkatan is caused by the weakening U.S. dollar and low U.S. interest rates. Therefore, investors looking for alternative investments more profitable, one of Indonesia’s financial markets.
These funds may be one of the stimulus to drive the economy, through government spending and private investment. Meanwhile, the trade routes of transmission seen in the increasing flow of trade. Global economic recovery marked by the recovery of commodity prices and volume ekspor.Pada time of crisis, the export value has fallen dramatically because of falling prices.
But as the economy has recovered, rising commodity prices again, so that exporters can enjoy the benefits that lebih.Selain, menggeliatnya the global economy could increase demand for re-export products Indonesia.Berdasarkan World Bank data, during February 2009-August 2009, the value of re-exports increased by 48 persen.Peningkatan this can still happen if the global economy has fully recovered.
It can not be denied, global economic conditions affect the economic impact domestik.Perbedaan between one country to another is only on the degree of influence. Can be considered, a worsening global economy only a small effect on the domestic economy. Conversely, if the global economy had recovered, of course every country can gain benefit from the circumstances.
Therefore, what needs to be done after the global economy to recover is to gain maximum benefit, either through trade routes and lines finansial.Pemanfaatan this opportunity may be one means to accelerate the domestic economic growth.
Global stocks gain on hopes for New Year gains
Stock Report September 6th, 2009
Global stock markets began the New Year on a positive note as investors counted on a strong recovery from the worst economic slump since the 1930s to extend substantial gains made in 2009, dealers said.
They said strong Chinese manufacturing data showing the world’s third largest economy clearly on the mend bolstered hopes that the worst of the downturn is well and truly over, with the despair and uncertainty of 12 months ago fading into memory.
A similarly positive US manufacturing sector report later in the day gave Wall Street a solid early boost, reinforcing the more positive outlook.
Financial markets appeared on the brink of collapse in late 2008 with the failure of US investment banking giant Lehman Brothers but sentiment turned in March last year as the first “green shoots” of recovery were seen after huge state stimulus programmes.
Dealers said the big question now is whether the momentum can be sustained as governments wind down their costly rescue programmes.
In New York, the Dow Jones Industrial Average of leading shares was up 1.57 percent at around 1700 GMT, with the tech-heavy Nasdaq composite gaining 1.78 percent.
“There is a bullish bias that is often associated with the start of a new year as new money gets put to work, riding the wave of typically upbeat forecasts,” said Patrick O’Hare at Briefing.com.
In Europe, Paris was the main feature, topping very strong resistance at 4,000 points as investors pushed the CAC 40 up 1.97 percent to 4,013.97 points, its best finish since October 2008.
“Everybody was expecting it and finally it happened,” said Xavier de Villepion of Global Equities, adding that investors will be closely looking at upcoming US data to confirm they are on the right track.
London’s FTSE 100 index of leading shares rose 1.62 percent to 5,500.34 points while in Frankfurt the DAX added 1,53 percent to 6,048.30 points.
Dealers said that apart from the data, European stocks got an additional boost from news that Swiss pharmaceutical giant Novartis was to spend nearly 40 billion dollars to take over the world’s biggest eye-care firm Alcon from Nestle.
James Hughes, Market Analyst at CMC Markets, said that after a positive opening, the US manufacturing data gave investors another boost.
“Shares managed to add to this morning’s gains … after a strong start on Wall Street. The (US) ISM manufacturing numbers seemed to be a catalyst, as was a surge in the oil price,” Hughes said.
The US manufacturing sector in December expanded at its fastest pace since April 2006 as factories ramped up production to make up for a massive drawdown in inventories, the Institute for Supply Management said.
The ISM purchasing managers index climbed to 55.9 percent in December from 53.6 percent in November, well above analyst forecasts for a rise to 54.3 percent. Any number above 50 percent indicates growth.
“Overall, the December survey points toward sturdy growth in manufacturing industrial production,” said Ryan Sweet at Moody’s Economy.com.
Elsewhere in Europe, Amsterdam gained 2.30 percent, Brussels was up 2.08 percent, Madrid rose 1.72 percent and Swiss stocks put on 1.31 percent.
London and Paris each gained more than 22 percent in 2009, with Frankfurt up nearly 24 percent.
In Asia early Monday, Tokyo struck 15-month high, buoyed by government plans to expand a credit line to troubled Japan Airlines, with the benchmark Nikkei-225 index jumping 1.03 percent to 10,654.79 points — the best finish since early October 2008.
London stocks ends 2009 with 22% gain
Stock Report September 6th, 2009
The stock market closed higher in a half-day session on Thursday, the final trading session of 2009, to chalk up an impressive annual gain of more than 22 percent.
London’s FTSE 100 index of leading shares rose 0.28 percent to finish at 5,412.88 points at 1230 GMT, as traders headed home early for the New Year holiday weekend. The market remains shut on Friday and reopens on Monday.
The FTSE has gained 22.07 percent in value during 2009, despite a record recession, as investors drew strength from hopes of economic recovery in the fourth quarter or three months to December.
