Bank Mandiri Maluku Investment Facilitation Day
Portfolio April 26th, 2010
JAKARTA – PT Bank Mandiri Tbk will facilitate the meeting of major corporations with stakeholders in Maluku and North Maluku in Maluku Investment Day event.
This is for exploration investment in both the province. The plan will be meeting in early April 2010.
The objective, namely to optimize the economic potential in these two provinces so as to promote significant economic growth in that region.
Earlier in October 2009, Mandiri also has held similar events for the province of Papua and Papua Barat. In these events some investors interested in investing in plantation sector in Papua and West Papua and, among others, Sinarmas Group, Wings Group, Sampoerna Agro, Medco Agro, Wilmar, Sungai Budi, BEST, Harita, Union and Wake Sampoerna Triputra Copyright, Example Resources , Taniti Group and other investors.
Chief Economist, Bank Mandiri Mirza Adityaswara, in his written statement received by Legal to say, this meeting is very important to create synergy between the corporation as an investor with the government and banks to remove obstacles to investing in the province of Maluku and North Maluku.
“Both provinces have a lot of potential in several sectors like fisheries, tourism and mining,” he said.
Mirza continued low investment realization in the midst of high economic potential in these two provinces due to several obstacles. Like, geographical conditions and most of the conditions of infrastructure, especially roads, housing, electricity, and transportation are not sufficient to support the business activities and daily life.
In addition, other barriers are associated with the development of human resources (HR) which must be improved, so that communities can play an active role as agents of development.
Other factors, management needs stability and security environment conducive to investment move. Bank Mandiri to see local government in Maluku and North Maluku shows a strong desire to build a better region to create a climate of business certainty and invest in the long term.
“Keep in government and private partnerships to facilitate economic activities so that the potential of these provinces can be used optimally for the national interest,” said Mirza.
Fed policy hoist the Black Gold Price
Gold Investing April 26th, 2010
NEW YORK – Crude oil prices the world managed to get close to USD83 per barrel in trading Wednesday (17/3/2010) local time, along with the statement the Fed to keep interest rates low.
As quoted from The Associated Press, Thursday (18/3/2010), the price of the reference oil to contract April rose $ 1, 23 to USD82, 93 per barrel in trading the New York Mercantile Exchange (NYMEX). While in London, oil prices of Brent rose $ 1, 43 to USD81, 96 on the ICE Futures.
The Energy Information Administration said last week’s oil reserves rose 1 million barrels to 344 million barrels. Previously, analysts predict an increase of 1.9 million barrels.
The increase in oil prices is also influenced by the strengthening of the stock market. By midday trading, the Dow rose 44 points was triggered by a statement of the Fed and the Bank of Japan that will keep the benchmark interest rate low.
In addition, the meeting of OPEC agreed to not change the production targets this year, also helped boost the price of oil.
In trading NYMEX to contract April, the price of liquid oils rose 2.52 cents to $ 2, 14 per gallon, gasoline rose 3.47 cents to $ 2, 31 per gallon, and natural gas fell 4.4 cents to $ 4, 3 per 1,000 feet cubic.
Just to remind, the Fed keep interest rates near zero percent for a “period” and even sounded more optimistic.
The central bank expressed when the labor market will be stronger after a recession deepest and provide evidence of the movement as a promise to keep borrowing costs at the lowest level.
However, a note about the housing sector and the outlook for economic recovery is likely to be at the level of moderate. In addition, inflation will remain under control, interest overnight interbank be in the range of 0.25 percent.
Following that decision, most of the major banks are in direct contact with the Fed, predicted a rate hike in the fourth quarter
Login Register Rupiah Currency Weakest 10th in the World
Forex April 26th, 2010
BANDUNG – Rupiah inserted into ten groups of the weakest currencies in the world. This is caused by fluctuations due to the volatility of the rupiah by many speculators.
This was revealed by the Director of Currency Management Group (CMG) Farial Anwar, now a journalist workshop on economic and monetary BI & Monetary Instruments Foreign Exchange Market, in Bandung, West Java, on Friday (5/12/2008).
He mentioned that, from 10 eyes of the world’s weakest currency, the rupiah is ranked sixth after Vietnam and Saubomi. The first rank in the occupied by Zimbabwe, followed by Somalia and Turkmenistan.
Farial explained, poor rupiah volatility due to very large, which is currently down sharply compared to other currencies.
In December 2007 compared to December 2008, the rupiah fell 28 percent from the level of Rp9.000 to Rp12.000 per U.S. dollar.
“Unlike the Thai currency Bath, in December 2007 compared to December 2008 only down five percent from 33.69 to 35.55 Bath Bath per USD,” he said.
Bad predicate rupiah, when it was recognized by the Bureau of Monetary Policy Hendar BI. However, he stressed in previous years, the rupiah has also been achieved as the best currency.
Farial added, there are some very simple reasons volatile rupiah against the U.S. dollar, such as free foreign exchange regime, the system of freely floating exchange rate, forex loans, and dependence on large U.S. dollar.
In addition, Farial also revealed, the placement of foreign funds in SBI also be a factor weakening rupiah. Therefore, steps anticipation of weakening rupiah happens, all derivative transactions undertaken by the company must have its underlying transaction.
However, with restrictions on the purchase of dollars with no underlying transaction up to USD 100 thousand per month, this policy affects the dollar to decrease speculation.
“Why let in foreign kok SBI, SBI but not for domestic monetary management, let alone we must also pay interest to foreigners, it is better for society,” he said
Elnusa Can Contract New Oilfield $ 20 Million
Stock Report April 18th, 2010
JAKARTA – The company coats upstream oil and gas (oil) PT Elnusa Tbk (ELSA) by business unit, Oilfield Services (Division) received contracts maintenance services producing wells on the island of Java and East Kalimantan, with the value of contracts of this project is $ 20 million.
VP Corporate Secretary ELSA Heru Samodra revealed, the company will provide maintenance of oil wells earth by using a unit hydraulic Workover, snubbing, and well testing barge in this project.
In addition, the division Oilfield Services also is completing projects Workover, snubbing, and well testing barge in the area of East Kalimantan with a contract value which is still running for USD28, 92 million.
In addition to completing these projects, the company is also working on a project in the form of service operations and service maintenance for the system of pipelines and production facilities in Java and Sumatra with a value of contracts that are still going for $ 6, 27 million.
“Thus the contract Oilfield was doing Elnusa has reached $ 55, 19 million,” said Heru, as quoted from the written information received okezone in Jakarta, Wednesday (10/3/2010).
To support the performance of the company in 2010, ELSA has budgeted funds for capital expenditure (capital expenditure / capex) with a value of $ 70 million.
“To strengthen the core business we are in the services the upstream oil and gas integration and business growth of the Company, Elnusa has set up capex worth $ 70 million in this year. The funds obtained from internal funds and external,” said he.
For your information, ELSA is a service company upstream oil and gas that provide integrated services, ranging from service discovery reserve oil and gas (integrated Geosciences services), services drilling oil and gas (integrated drilling services), and services oil and gas production (integrated Oilfield services).
For integrated Oilfield Services, the company provides integrated services ranging from well services (hydraulic Workover / snubbing, slickline, well testing units, coiled tubing units), EPC (O & M production facility and pipeline), to service IOR (improve oil recovery).
“Elnusa has built competencies nearly 40 years and has extensive experience in working on projects in the services the upstream oil and gas integrated. In addition to onshore, we will improve our services to a segment offshore,” said h
ACE Hardware Indonesia Extend Licenses in 15 Years
Portfolio April 18th, 2010
JAKARTA – ACE Hardware Corporation continued its license agreement for the brand and products directly imported from the United States with PT ACE Hardware Tbk (ACES), after 15 years in synergy together.
As noted ACES management, the disclosure of information to the Indonesia Stock Exchange (BEI), in Jakarta, on Thursday (18/3/2010), management company has signed a license extension was made on January 19, 2010.
With the extension of the license valid for 15 years, this new agreement will run January 1, 2010 until December 31, 2024.
Just mengigatkan, the company will open a new outlet measuring 15 thousand square meters called Living World which will be built in August 2010.
In addition to building plans, the EGM in April and has agreed to pay rent of about Rp90 billion to PT Kawan Lama Sejahtera, which is the parent company.
Rent payments have been made in August of Rp20 billion. Time of payment of about Rp90 billion. This is done according to a lease agreement which was signed between the parties.
