WEBODIGY Business & Finance Journal

JAKARTA – National Agency for Export Development (NAFED) targeting export growth of jewelry increased 25 percent in 2009.

“Jewelry we have a superior design compared to other countries so we are optimistic of 2009 exports will rise,” said Head of Market Development Center Region of the Americas and Europe NAFED Radu Malem Sembiring in Jakarta, Tuesday (22/7/2008).

In addition, Indonesia has a competitive product compared to the jewelry other Asian countries.

Radu said the jewelry export realization during the period January-February 2008 reached USD212, 7 million. Optmistis Government export target can be achieved until the end of 2008. “The market in the U.S. demanding product quality and high design for a group of consumers,” he said.

Just to note, in 2007 Indonesia was ranked 152 as an exporter of jewelry with a value of USD897, 5 million. The value of jewelry exports to the U.S. reached USD66, 18 million. “During the 2003-2007 period there was a tendency for an increase in jewelry exports of 27.7 percent,” said Radu.

Meanwhile, Chief NAFED Chairi Bachrul said Indonesia would follow the international jewelry exhibition in New York, USA 27-30 July. Bachrul said the exhibition is expected to be received national product consumers in the country. “The exhibition of jewelry that becomes a means for product development mengetahu because development is very dynamic,” he said.

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NUSA DUA – Vice President Boediono proud of handicraft products from Indonesia who have been accepted in the international market.

National pride that the product of silver Gianyar, Bali, and teak wood furniture from Jepara, Central Java.

“Both products have a world-class quality,” he said when opening the meeting Boediono One Village One Product (OVOP) at the Westin Hotel, Nusa Dua, Bali, Saturday (14/11/2009).

In Bali, silver are often found in Celuk Village, Sukawati and Ubud, Gianyar. Silver products from these two areas of high quality and able to produce in large quantities. While Jati Jepara wood craft known for jatinya wood quality.

Boediono asked for, the products of other national handicrafts can be improved quality to be able to adapt and compete in international markets. “That can be done, one with a test in the markets abroad,” he said.

OVOP meeting this 6th place 14-15 November. In addition to participants in 210 countries, the meeting also followed 176 participants and 14 foreign countries as Asia and Africa.

Meeting was also held in the exhibition industry, handicrafts and other products followed by a number of countries. After opening the meeting, Vice President Boediono took time to review the exhibition.

New York – Oil prices managed to stay above USD82 per barrel, at the close of trading Wednesday (11/3/2010) the local time, after time through the level of USD83 per barrel.

The increase in the price of black gold inin followed a government report showed crude oil supplies United States (U.S.) does not grow as expected number of analysts last week.

As quoted from the Associated Press, Thursday (11/3/2010), the price of crude oil for April delivery rose 60 cents to U.S. dollars USD82, 09 at the New York Mercantile Exchange (NYMEX). While in London, Brent crude rose 57 cents to settle at $ 80.48 on the ICE futures exchange.

Energy Information Administration said crude oil inventories last week grew to 1.4 million barrels to 343 million barrels. The analyst expects to grow to 2.1 million barrels, according to a survey by Platts, McGraw-Hill Cos.

“There’s nothing inherent in the report for the purchase price on the black gold leve USD83 per barrel, ’said oil analyst and trader Stephen Schork. She warned against the movement of oil prices during the last week, focused on real data.

Meanwhile, OPEC said world oil demand to grow by 900 thousand barrels per day this year, on the revision of estimates last month. OPEC said the estimates depend on the ongoing global economic rebound, particularly in the United States

While oil prices rose approximately 17 percent since early last month, crude oil demand in the U.S., the world’s largest consumer of oil, has remained sluggish.

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