Although There FTA, May Still economy Growth Manufacturing sector 4.55%
Economy November 6th, 2009
The government projected the growth of manufacturing industry in 2010 could reach 4.55%. Although free trade agreement (FTA / Free Trade Agreement) ASEAN-China has been applied.
“ASEAN-China FTA is still a difference but not too big,” said Minister of Industry, MS Hidayat in the Office of Coordinating Minister for Economic Affairs, Jalan Lapangan Banteng, Jakarta, Monday (4/1/2009).
Hidayat rate of growth of manufacturing industry was able to remain positive because of the large contributions from leading sectors such as food beverages, tobacco, printing, cement industry, and some types of metal.
“They contribute, so that the total growth of 4.55%,” he said.
As for the textile sector can still contribute a large part in the growth of the manufacturing industry.
“I do not put textiles in high growth, because there are zero point. Tesktil was still able to grow positive because there is machinery restructuring program that helped to increase its competitiveness,” he said.
2010 Economic Growth to achieve, RI Rely Export and Investment
Economy November 6th, 2009
2010 Economic Growth to achieve, RI Rely Export and Investment
The government will rely on exports and investment to achieve economic growth target in 2010 is pegged by 5,5-5,6%.
This was conveyed by Coordinating Minister Hatta Radjasa in exposure Economic Performance Evaluation and Outlook 2009 in Office 2010 Coordinating Minister for Economic Affairs, Jalan Lapangan Banteng, Jakarta, Monday (4/1/2010).
“If we supported in 2009 government spending and consumption. But this year we expect economic growth driven by exports and investment,” said Hatta.
Hatta declared, along with improving the condition of the world economy of Indonesia’s export performance in 2010 is estimated to be better than the year 2009 that will grow at a rate of about 5.1%.
Hatta explained this in household consumption is expected to experience growth of 5.3% or slightly higher than expected growth in household consumption in 2009.
Meanwhile, government spending still will grow quite well in 2010. Budget 2010 is designed to remain expansionary, and still provide incentives for This real sector.
“For the year 2010, spending is expected to grow pemeirntah a rate of 9.3%,” he said.
With the increase in export activity and domestic demand, imports Hatta project in 2010 will grow at a rate of 7.2%.
The increased demand at home and abroad, and began to decrease uncertainty in the world economy, is expected to encourage the business to realize more of their investment plans.
“In 2010, the investment is expected to grow about 7.2%,” he explained.
British Airways Company Cut 1200 More Jobs
Company Info November 6th, 2009
British Airways (BA), Friday (6 / 11) revealed a net loss in the first half four times the same period the previous year and an additional 1200 jobs cut in the program “important” cost reduction.
BA recorded a loss after tax of 217 million pounds (242 million euros, U.S. $ 361 million) for six months until September 30, compared with a loss of 49 million pounds in the same period in 2008.
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“Aviation remains in recession,” BA chief executive Willie Walsh said in a commentary that accompanied the news of the losses in the company.
“With revenues (BA) is likely to be one billion pounds lower this year, we can not keep silent and more significant cost reductions,” he warned.
British Airways said it would cut an additional 1200 jobs, taking total 4900 reduction plan in 2010.
Most of the new disadvantages are outside the UK and follow the high response from the staff who agree to work part time or take voluntary redundancy to help secure the future of the airline.
Reacting to the news of new cost-cutting measures, BA share price rallied 6.28% to 198 pence on the London FTSE 100 index which rose 0.23% to 5137.32 points in midday trading.
BA also announced on Friday that the group sales down nearly 14% to 4.1 billion pounds in the first half.
Some commercial airlines around the world suffered badly from the downturn of the global economy that has cut demand for air travel and the trigger squeezed big cash for this sector.
However, on Monday, low-cost airline of Ireland, Ryanair said that net profit had risen 80% to 387 million euros (U.S. $ 570.8 million) in April-September compared with a figure for the same period 12 months earlier.
On Thursday, the Italian airline Alitalia reports first operating profit since the acquisition by an alliance of business interests of Italy in January.
Meanwhile, BA, in an effort to improve profits and return loss against British rival, Virgin, launched an all business class service from London to New York late September.
Previous efforts of all business class service from airlines like Maxjet and Silverjet failed to turn into the worst decline since the 1930s.
Earlier this year, British Airways decided to remove all the free food other than breakfast on short haul flights in an effort to reduce operating costs.
BA suffered an annual loss of 375 million pounds in the 2008-09 financial year blamed on fuel costs high
Kalla ready called for century bank
Bank November 6th, 2009
Former Vice President Jusuf Kalla, on Thursday, declared ready and willing to fulfill the call of the House of Representatives Committee Questionnaire related scandal Century Bank.
“I have not received a summons related to the Parliament the right questionnaire for the Century, but as a citizen I am required to meet the calls,” he said in Makassar, South Sulawesi, on Thursday.
About its readiness to answer questions that may be related to House members proposed that, Kalla insists that he will respond in accordance with the experienced and known.
“It all depends on what was asked later, angketnya committee also has not been established,” he said.
Right questionnaire was discussed at Century Consultative Body, the House of Representatives. Up to now more and more members of the House of Representatives supports the right of inquiry, even the Democratic Party faction which had not yet given dukngan, have expressed support.
According to the plan, the committee discussed the questionnaire Century Bank after it was decided at the plenary session of December 1, 2009.
For the formation of committees, each faction immediately submit the names of the committee as a candidate questionnaire totaling 30 people.
Thus, the committee can get to work questionnaire and answer the public doubts the government with the scandal of this Century Bank.
Bailout to save the Century Bank disbursed Boediono served as Vice Governor of Bank Indonesia (BI).
Boediono himself has expressed support for the right questionnaire for the case of granting bail Century Bank to the issue could become clear.
“I support the right of inquiry (Century Bank) and I’m sure the government can get through the process properly, because many can be explained in the forum (right Questionnaire) is,” said Vice President Boediono as a dialogue with Jakarta Foreign Correspondent Club (JFCC) Jakarta.
Vice President explained that at that time the government and BI have implemented a policy of “bailout” of Century Bank in accordance with existing legal corridor. According to the policy Boediono made considering the global crisis.
Meanwhile, the Association of the Society for humanity and Justice (Humanika) held a demonstration in front of the MPR / DPR, Thursday (26.11.2009) this afternoon.
Protesters urged and supported the use of questionnaires to investigate the rights flows Rp6, 7 trillion in the Century Bank. In addition, they also demanded legal action against officials who had issued a policy in the disbursement of bailouts
In the action, hundreds of people from various parts of students and society doll throwing two illustrated Finance Minister Sri Mulyani and Vice President Boediono with rotten tomatoes. They considered these two figures most responsible for the scandal bertagung Century Bank.
Koodinator action of Humanika, Sugeng Priadi said, “Essentially we encourage the board members to the right of this poll should not be stopped. Angket Century must pass in a plenary session.”
He admitted so appalled by the amount of money to people who digelontorkan these defaulted bank without any transparency. “Miris once Rp6, 7 trillion wasted, where the flight does not know. If the money was used to kesahatan, education, and others will be more beneficial,” Sugeng said.
According to him, Century Bank scandal is similar BLBI case, because the only benefit the officers or businessmen who rob people of money is so big.
“That’s what we demand. This should be completed. This is not to just get here, just a wind-wind course, pushed around, but after a committee formed diparipurnakan and it stuck,” explained Sugeng warned.
After doing the action almost one hour, the protesters later dispersed. Demo does not interfere with traffic flow around the Senayan the falling rain. From various sources
Gold Investment Always Beneficial
Gold Investing November 6th, 2009
CONDITIONS financial markets is still uncertain to make smart people should manage the funds owned. Almost the last year, the risk of investing in the financial sector increased sharply.
The collapse of capital markets makes investors are now returning after commodity. In addition to crude oil (crude oil), commodity investors are being hunted gold. In a country where society has advanced, this condition makes the passion of all kinds of gold investments, including derivative transactions.
Unlike the modern investment products like mutual funds, stocks, and bonds the newly recognized recently, the gold into investment goods from time to time. Gold can be used as part of the investment portfolio investors, some investment diversification alternatives.
One of the benefits of gold, the price is always moving to keep pace with inflation. Despite decades of stored, remain the same gold value. In contrast to save funds in the form of cash, the value of money will decrease inflation consumed when stored in a long time.
“The market is still waiting for the moment, if the USD weakens the price of gold will rise. Speculation on commodities, oil began to fall, and now investors hunt for gold,” said Country Manager, World Gold Council (WGC) Indonesia Leo Hadi Loe.
Although gold prices often fluctuate, from time to time tend to continue to increase. For example last week, gold prices had dropped to levels Rp230.000 per gram, but within a week managed to rebound to a position Rp266.000 per gram.
Compared to other commodities investment, gold has many advantages. Among them, gold is the type of investment whose value is very stable, liquid, and a real safe, and can be managed alone. Thus, gold is very worthy to be a part of the investment portfolio.
According to Leo, the investment in this highly profitable commodity. Especially in the condition of the sluggish world economy. “There is support levels that make the price of gold will not come down,” he said.
Gold investing so easy to make anybody could be a gold investor. Investment can be done by housewives, professionals, businessmen, market actors or businesses as an alternative investment.
Meanwhile, President Director of PT Kurnia Jaya Danial Franky revealed, opening the gold business quite profitable. In addition to profit from the difference between the selling price and the cost of making jewelry, business circles also benefit from the gold price hikes. “Also quite illiquid. Stock is redeemable if there could be a lack of funds,” he explained.
However, keep in mind for beginners who want to start a business must be aware of the gold circulation of false gold. “A lot of fraud from suppliers with the mode of copper coated with gold. So, as if it is not pure gold,” he said.
He explained, gold-copper layer is normally supplied by the domestic gold craftsmen. “Obviously it hurt businesses and consumers,” he said.
According to him, investing in gold bullion far more profitable than gold jewelry. Because every purchase of gold bars did not get any additional costs. Likewise, when to sell.
“Other more if invested in jewelry will be charged the amount of jewelry making Rp35.000-Rp50.000 per gram. Whereas when we sold it, it does not count the cost of missing alias,” he said.
He said another advantage of investing in gold bullion, the investor is easy to sell anytime soon. In fact, gold investments can be used as collateral on the mortgage so that investors do not have to sell gold they own.
He explains, one of the benefits of commodity investing is gold does not need to worry investors affected by inflation. When the exchange rate continued to decline, the value of gold will remain. Because it is not wrong if gold prices continue to soar up.
“Gold will continue to have high value and still be bought,” called Franky. In Indonesia, Surabaya well known as industrial centers and the largest gold trading. Nearly 70 percent of the gold trade market and factories producing gold in Indonesia in Surabaya.
Surabaya gold plant was categorized world class. This makes a lot of foreign investors interested in opening a gold factory. As the center of gold jewelry, Surabaya has a lot of human resources (HR) are experts in their fields and rich raw materials. In addition, investors are also much easier to find equipment to process the gold, as well as maintenance and the service
