IMF USD600 Billion Loan Scheme
Credit & Loan May 24th, 2010
JAKARTA – International Monetary Fund (IMF) announced a new loan scheme worth USD600 billion. The scheme was prepared for the state of liquidity drought.
Donor agencies based in Washington this project, there are 13 countries that potentially require schema. These countries will join 26 other states in the New Arrangements to Borrow (NAB).
“This agreement is important for the multilateral funding. The scheme will also help the effectiveness of the IMF in crisis response and help to strengthen the international financial architecture,” said IMF Managing Director Dominique Strauss-Kahn, as quoted by AFP on Wednesday (25/11/2009) .
He said, this scheme is more flexible loans than other schemes. This scheme is also claimed as an effective step in managing the financial crisis.
Countries that contribute to the scheme, namely the developed countries like the United States, United Kingdom, French, Japanese, and Italian. Also, developing countries like China, Brazil, and India.
A friend once vent frustration at the government statistics issued by the Central Statistics Agency (BPS). He was angry and said that nonsense BPS data and BPS did not see the field conditions.
“Read in the paper what? He said, inflation rate fell, from 0.84 percent in January 2010 to 0.30 percent in February 2010. In fact, the market prices keep rising. If you do not believe, let’s go to the market! “I tried to calm my friend. I said to the friend that it was entered in March 2010. BPS announced data for February 2010.
That way, we can not reconcile it with the BPS data that is now happening in the market. “Fine. If so, you trust me. Almost every week I go to the market. Last month I was also into the market. Even last month and I see that the price increase. Now, does this fit with BPS data? “I asked the friend, what he bought last month.
My friend rather inflamed with my question. “Of course I buy rice. Also chili sauce, which became my hobby. “You buy fresh fish and eggs or not?” I said. “Of course not, I’m a vegetarian.” Then, what is it? You buy cooking oil? “I stated again. “I follow a healthy lifestyle I rarely fry.” “Last month, you buy clothes or not?” “I am a simple person. Berhobi not buy clothes. Months ago I did not buy clothes. Your question just getting weird! “” Buy gold! ”
“What question is this. I do not have the money to buy gold. “Seeing my friends getting upset with my question, I was later told him that just so happens that the things he did not consume (fresh fish, eggs, cooking oil, clothing, and gold) were price decline in February.
Unfortunately, the price of rice and chili sauce, which he consumed, it increases a lot. I told him that he was upset at the BPS data because he consumed the goods whose prices rise. He also happens to rent a house and rent the house was up in February.
My friend was silent, but he looked very dissatisfied. He understood that the inflation rate at 0.30 percent in February 2010 that the average rate. Which fell from January to February is the average number. Suddenly he turned the issue. “You remember that in 2009 the inflation rate is much lower than the inflation rate in 2008?” “Yes, remember. Inflation reached 11.06 percent in 2008, then fell sharply to 2.78 percent in 2009. “” So, the average price in 2009 was much lower than in 2008 is not it? “Asked my friend with a half-mocking laugh. “Oh.Tidak.” “Then, am I right that the BPS nonsense,” my friend said with a grin.
I then explained that the inflation figures showed the average price increase. Inflation rate is not the average price, but the average price increase. If inflation falls, the fall is the ascent. While still rising, although the increase down, the price would continue to become more expensive. That’s what causes seems there is a “discrepancy” in statistics and in the market.
Inflation is declining to say price is not declining. While there is inflation (as long as inflation is still positive), prices will rise still continues. My friend was silent.
Tried to reflect the difference between price increases and the price itself. Lower inflation means rising prices decline, while prices were still rising. Another example is very obvious that occurred in 2005 and 2006. Inflation rate fell very sharply from 17.11 percent in 2005 to 6.60 percent in 2006.
Prices fell dramatically? Increase people’s purchasing power? Because inflation is still positive, the average price in December 2006 nearly 25 percent higher than the average in January 2005. If there was no increase in income, purchasing power actually decreased. BPS is not wrong because of inflation around the world are showing price increases, not price itself.
My friend nodded. He understands about inflation statistics. BPS is not wrong. “But,” my friend is still wondering, “we should not provide other statistics so that we may better understand the prices and purchasing power?” He said that we need statistics other than inflation. So far he had always assumed that the falling inflation means that prices are falling.
According to him, many others who think like him. He said that, if not economists, would not have known this. I replied, “There are economists who do not know about it ……. But, should it just a coincidence.” “Tom, what if every month the government also said that prices continue to rise, and not just say if inflation falls or rises. Price said to come down, when inflation is negative. ”
“According to economic theory, prices down was a sign of economic doldrums. Thus, the price decline is not good for the economy, “I tried to explain to a friend. “Tom, you are saying? Each month prices go up. But, fee I get from teaching is not up every month. Even a year or even two years is often not up. If increased, it was not because of adjustments to the price increase. My income increased only if I teach more. Sorry, I’m not an economist. “I paused. Can not answer this question. I pondered again all the economic theories I have ever learned.
Indeed we need to learn more (re-learn) economic theory. We need friends who are not economists to provide a fundamental question for economists force (including me) reviewed the “dogma” that often we have learned, including statistics that we use.
Maybe if the economists tried to “socialize” the economic concept widely not to let the economists (and economists) do not misinterpret economic statistics. Any announcements of economic statistics need an explanation of what the statistics show that. Inflation is one example.
JAKARTA – SAS introduces SAS solutions ATM / Branch Cash Optimization (ABCO) to help retail banks in Indonesia increased their profits by reducing operating costs.
Currently, the retail banking business challenges to determine the appropriate cash at an ATM or branch offices without excess or shortage while reducing operating costs and improve customer service. Excess amount of cash in the ATM result in loss of income due to bank money available does not produce.
Amount of cash shortages caused customers reluctant to take money and reduce customer satisfaction. Indonesia has a unique geographical conditions and consists of many islands provide challenges for retail banks in providing the best customer satisfaction by providing the appropriate cash in each ATM or in branch offices with operational costs and effective insurance.
“Indonesia, which has many islands and diverse geographic conditions require special solutions when determining the exact amount needed at an ATM or in branch offices,” said Sonny Halili, SAS Regional Director, Asia Pacific, was quoted by his statement on Thursday (28 / 1 / 2010).
“ABCO SAS solution with the ability to predict future needs and provide high visibility for management to optimize cash at an ATM or in branch offices can help retail banks in Indonesia to reduce operating costs and insurance, customer satisfaction, and increase profits income, “he added.
ABCO SAS solutions for retail banking use forecasting solution that will help the bank management to estimate how much money they need at an ATM or branch offices based on previous transactions and the time factor into account holidays and special dates can encourage the use of ATMs and cash at ATMs.
ABCO solutions from SAS, the retail banking can compare the actual daily transaction reports to estimate the amount of cash that helps users find out whether the estimate is consistent with the estimates.
Retirement for a workers, is the point where a person stops employment completely. People who in the phase of retire will get pension that is considered a right of the worker, in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right. In many western countries this right is mentioned in national constitutions.
People in retirement phase means their ability to work been devalue by a company or institution, so in this situation, if no work so no salary, for some company have rules ¼ salary until the person is die. To maintenance their financial, with making a good investment plan.
Recently, many company offering service to transfer your retirement asset by rollover to GOLD IRA, gold and other valuable metals are wise investments, they can reduce the volatility of your retirement portfolio. The price of gold basically increase every year. Since the passing of the Tax Payer Relief Act in 1997, we can now include gold as part of our retirement portfolio holdings. The process should be really simple, if we contact USAGOLD, ask detail information about gold IRA transfer , with 401k gold .
2012, Government Loan Despite Target
Credit & Loan May 21st, 2010
The government targets to be rid of binding rules related loans and grants in 2012. With the Jakarta Commitment then the creditor countries obliged to follow the procedures set if you want to bestow grants or loans.
“In fact in 2012 we are in front, the creditor countries can not set our rules. It was at Long-Term Plan Medium (RPJMN), they must join us,” said Minister of Planning / Head of Bappenas Armida Alisjahbana, at a press conference at the office Bappenas, Jakarta, Monday (8/2/2010).
Meanwhile, the Minister further VAT Secretary / Head of Bappenas Syahrial Loetan explained that in 2009, 26 countries of Indonesia’s development partners have expressed a commitment by the government of Indonesia `s it. “26 countries that have reached about 98 percent of the total state partners,” he added.
He explained that during one of the things that became obstacles for the creditor countries, in making grants or loans are not the procedure that efficient and effective in Indonesia. “So far, there is overlap, of grants or loans to the same project,” he said
