Independent & BNI have reserves large enough
Bank August 2nd, 2010
Bank Mandiri and BNI has a foreign currency liquidity reserves large enough, each with U.S. $ 2.3 billion and U.S. $ 2.1 billion after demand for foreign currency financing, especially for exports and imports (trade finance) is still relatively low.
Treasury Director of Bank Mandiri Thomas Arifin told liquidity conditions are still very liquid foreign exchange with the liquidity reserve of U.S. $ 2.3 billion and a third party foreign currency funds of U.S. $ 4.2 billion. Credit position of $ 3.1 billion of foreign exchange.
“Credit has not shown an increase in foreign exchange, as well as trade finance activities have not seen a significant increase because companies still tend to use the financing in rupiah,”
bisnis.com explained to this day.
Thomas expects will be a larger increase in the trade finance market in order to target the distribution of funding could be even greater. This year, Bank Mandiri memiproyeksikan growing range of foreign exchange financing 25% -30%.
Director of Treasury & International BNI Bien Subiantoro express the relative position of excess liquidity of foreign currency (over liquid) with reserves reached U.S. $ 2.1 billion. In fact, he said, the normal position of foreign exchange reserves sufficient funds in the range of U.S. $ 400 million-U.S. $ 500 million.
“Finally we put the investment in financial markets, because demand has not great. The truth is more secure and able to obtain a higher yield if you can be channeled to the trade
finance to be encouraged this year, “he explained.
Bien explained the expansion of foreign exchange financing last year is still relatively good, especially after a set of risk management that could ultimately boost foreign currency financing of U.S. $ 5.6 billion in 2008 to U.S. $ 8.6 billion last year. Is targeted for 2010 could reach U.S. $ 10.6 billion.
For most large export financing is still in the agricultural and mining commodities. While imports almost all grown especially for the needs of raw materials such as textiles, machinery, and various areas of manufacturing industry and other sectors.
So Telkom Most Trusted Company
Company Info July 19th, 2010
Telkom was selected as The Most Trusted Company based on a survey of Good Corporate Governance Perception Index 2008 (CGPI 2008) by The Indonesian Institute for Corporate Governance (IIGI) and SWA Magazine Sembada (SWA).
Vice President of Public and Marketing Communication Telkom, Eddy Kurnia said, Most Trusted Company predicate that is attached to the Telkom into evidence the company is hard work.
Telkom considered as a company that can show the infrastructure and corporate governance system is good and meets the general principles of Good Corporate Governance (GCG). The GCG elements included the transparency, accountability, responsibility, independence and fairness. This was supported also by other factors such as commitment, teamwork, leadership, competence, moral values, ethics and vision and mission.
Telkom, according to Eddy in the official statement Sunday (27/12/2009) always apply the principles of GCG in every step of the company.
“GCG related to our bottom line. If GCG good, transparent and accountable in every step that is Telkom, which means that Telkom can make a profit. On average, Telkom shareholders are long term institutional shareholders of the segment. They believe that our bottom line reporting in accordance with reality, “said Eddy.
Telkom is long enough to apply the GCG. GCG usually applied only at the level of Board of Director, while Telkom has reached the lowest level of management. For example, for Telkom’s financial statements audited by independent auditors.
CGPI 2008 survey of 20 companies consisting of the issuer, state enterprises, enterprises and other private companies. Based on 12 aspects of the set as a benchmark assessment, CGPI 2008 to determine the five companies that successfully obtain the rank Very Reliable, 13 companies have trusted ratings and 2 companies ranked trusted enough.
Mega Capital managed funds target Rp12 trillion
Company Info July 19th, 2010
PT Mega Capital Indonesia targeted increase in funds under management of the company’s level Rp7 trillion to Rp12 trillion until the end of the year.
Director of Mega Capital Yimmy Lesmana said the increase would be sought from the publishing company a few mutual funds open this year. Mutual funds that will open the company issued a maximum of three products again this year.
“Our plan is to issue a mixture of mutual funds and equity funds with a minimum target of each of Rp200 billion – Rp 300 billion during the year,” said Yimmy to the press at Pacific Place today.
Open mutual funds (open-ended fund) is a product of its participation units can be purchased and added at any time by investors. Mutual fund products can be either open-equity funds, mixed, fixed income, syariah, indices, and mutual funds that can be traded on exchanges (exchange-traded fund / ETF).
He said of the overall funds under management, the company has a mutual fund assets of about Rp4 trillion. The rest of the funds under management were in the form of bilateral contracts and discretionary investments in mutual funds is limited (RDPT).
He said the company also is planning to spin off its investment manager of the division this year. Thus, the department Mega Capital investment manager plans to stand up to be a separate company from the division of brokerage and underwriting in accordance with Bapepam-LK plan.
Companies, he said, was collecting funds of Rp200 billion for mutual funds Mega mix Kehati Harmony of SRI is being marketed the company today.
He tells the company predicts composite stock price index (JCI) to grow by 20%. Referring to the prediction that, the company targeted mutual fund investment product mix Kehati Harmony of SRI can provide a return on investment (return) of 20% – 25% until the end of the year.
Mutual funds make Kehati SRI Index as one of the 25 references to donate some of its investments and its investment results for Biodiversity Foundation (Kehati), which makes the index.
Previously, Head of Asset Management Department Sugiharto Sugeng Mega Capital said the company plans to increase the assets of all mutual fund companies into Rp6 trillion this year.
Director of Finance and Administration Kehati Gustaaf A. Lumiu said the company is exploring cooperation with PT Trimegah Securities Tbk and PT Sinarmas Securities to issue new mutual funds that use SRI index as a reference Kehati 25.
Companies, he said, has worked with PT Bahana TCW Investment Management to issue fixed-income mutual funds in 2007 Kehati Lestari and Mega SRI Kehati Harmony with Mega Capital.
Currently, he said, the company has an investment fund of U.S. $ 20 million. Funds were developed from the initial capital of U.S. $ 16 million which is collected at the foundation’s inception in 1995. He tells of the foundation has channeled U.S. $ 16 million is distributed to communities to conserve biodiversity.
Last year, he said, companies have committed to manage the funds of U.S. $ 29 million from the program ‘debt swap nature’ (DNS) from the U.S. government to the Indonesian government. The funds were allocated to fund six conservation programs in 13 national parks of Sumatra Island.
Australia's central bank raises interest rate cut
Bank July 19th, 2010
Australia’s central bank unexpectedly raised the policy to stop its benchmark interest rate for the governor Glenn Stevens select priority acceleration of economic growth and delaying efforts to contain inflation.
In a statement today, Australia’s central bank (Reserve Bank of Australia / RBA) maintained the target lending rate one night (overnight) at position 3.75% after three months of the previous three times increased.
The decision was different from the projection of 20 economists surveyed by Bloomberg News, in which the survey estimated that the central bank raised interest rates 0.25 points. Futures contracts show 74% increase in opportunities.
Australian dollar fell to a low position for 6 months and increasing the value of Asian stocks down after this announcement due to fears the economy will not be able to overcome borrowing costs surge.
The report today showed business index fell to a low position for 6 months. Last week, Woolworths Ltd, the largest retailer in the country, reminding increasing interest rates would hit consumers.
“This adjustment process has ended quickly and interest rates rise. Message from the Australian central bank is not out of trouble, despite expectations improved,” said Matthew Johnson, Interest-rate Strategist UBS AG
Container ship market share continued to decline
Economy July 19th, 2010
The lack of a new fleet procurement over the last five years become the main drivers continue to decline in the container ship market share of total national commercial transport fleet.
Based on data Kemenhub within the last five years, the number of national container fleet increase by 50 units from 107 units in 2005 to 157 units in 2009.
Head of Cooperation and Foreign Relations Board of Indonesian National Shipowners’ Association (INSA) said the container ship during the first principle of cabotage policy apply.
However, he said, the procurement of the ships of this type more to rejuvenate the old-old, not a new provision so that growing relatively more slowly than other types of fleets.
“Actually, the first container cabotage subject, but more fleet procurement to replace the old ships, not the addition of a new fleet,” he told Bisnis.com today.
Market share of the total container ship fleet of the national commercial transportation in Indonesia in the last five years despite the continued decline in number at the end of 2009 continued to grow compared to the position in 2005.
Kemenhub data mentioned though the number of ships still growing, but market share container fleet in the country to the total national merchant ships during the last five years tended to decline.
In 2005, the share of container ships to reach 2.30% of total national commercial fleet recorded 4659 units, down 2.92 basis points to just 2.08% in 2009 from a total of 7546 units ship.
