WEBODIGY Business & Finance Journal

Asian stocks rose, so bring MSCI Asia Pacific index climbed the highest in 2 months, after a report showed manufacturing in the U.S. have exceeded estimates and the expansion of commodity prices climbed.

Canon Inc., camera manufacturers are getting around 28% revenues from the U.S., rose 3.4% in Tokyo. Toyota Motor Corp. gained 5.5% after saying’ll run some of which had stopped production. BHP Billiton Ltd. gained 3.2% in Sydney. Mitsui Mining & Smelting Co. climbed 7.7% in Tokyo.

The MSCI Asia Pacific Index rose 1.6% to 118.09 at 11:07 am in Tokyo, the highest increase since 30 November. The index has trimmed 3% in the last month, the deepest decline since February last year, triggered concern central banks from China to India to tighten monetary policy to contain inflation. A number of economists in a Bloomberg News survey predicted the Reserve Bank of Australia will raise its reference rate in the meeting today.

The Nikkei 225 Stock Average climbed 1.9% Japan to 10,396.48. Index S & P / ASX 200 rose 1.5% Australia in Sydney. South Korea’s Kospi rose 0.6%.

Canon shares rose 3.4% to 3635 yen. Sony Corp. has gain 3.4% to 3165 yen. Toyota rose 5.5% to 3640 yen.

BHP shares rose 3.2% to A $ 40.45, Rio Tinto Ltd rose 4.6% to A $ 70.54. Mitsubishi Corp. climbed 4.7% to 2241 yen.

Crude oil for March delivery rose 2.1% to U.S. $ 74.43 per barrel in New York yesterday for the U.S. manufacturer reports indicate the use of fuel oil in the U.S. rose. Copper contract climbed 0.7% today, continuing increase 1% yesterday. Mitsui Mining shares rose 7.7% to be 253 yen

JAKARTA – Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) plans will require the investor to have the card reference Ownership Securities (Access) in 2011.

Bureau Transactions and Institutional Securities Bapepam LK Nurhaida say, for now it has not requiring ownership of access. “It is not compulsory. However, if approached enforcement SID, may be we will oblige,” said he, in Jakarta, Wednesday (10/3/2010).

According to Nurhaida, to require property access, the infrastructure in the capital market should be supported. Currently, it’s still in improving the infrastructure and systems in the capital markets to create the security and comfort in the capital market.

In addition, his department has ordered the Custodian Sentral Efek Indonesia (KSEI) information dissemination through mass media or directly to investors.

It is also still doing studies, whether this obligation will be created for new rules or inserted into the rules associated with the obligations of the administrative investors opened accounts at securities companies.

“We are still gathering data for monitoring, as well as KSEI and BEI. Anyway, Bapepam will accommodate the rules of account opening,” added he.

As for, the number of users access has been only 11 thousand accounts of the amount of investor capital markets of more than 300 thousand. As is known, the facility of checking accounts investor is an early stage, before the enactment Single Identity (SID) at the end of 2011 to come.

However, the function of access is different from the SID. Access only makes it easy for investors to be at any moment to check his account at the brokerage

JAKARTA – PT Medco Energy International Tbk (MEDC) plans to sign with government approval Commercially Libya Libya-related projects in this March.

Furthermore, the company will form a joint venture with the state peusahaan Libya, Libyan Investment Authority (LIA) with a portion of ownership 50-50.

“Medco will invest half (USD400 million) of total project investment block approximately USD800 million Libyans,” said Commissioner MEDC Hilmi Panigoro in Jakarta, Wednesday (10/3/2010).

Furthermore, Hilmi said the project funding process is submitted to the MEDC subsidiary in Libya. Joint venture to work on the project, just starting out three years after the operation. “In three years will begin to produce. Approximately 50 thousand barrels per day,” he added.

Meanwhile, the related projects in Yemen, MEDC is doing the exploration-drilling on two blocks in Yemen. The company also has opened a branch office in Yemen. Where the company has a stake of 45 percent of the project there.

On the other hand, identifies the starting block LION producing gas in April 2010 will increase gas production capacity of 130 million MEDC cubic feet to 180 million cubic feet. Hilmi said the current focus of the company working on the project LION. “The project will produce gas LION approximately 50 million cubic feet,”

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

Stock exchange index of leading South Korea, the Kospi Index, rose 0.27% at 9:05 pm local time.

Index supported by the 761 companies traded on the Korea Exchange rose 4.58 points to 1699.83. Among the stocks that support the index, 318 rose, 185 fell, and another 258 remain.

The increase Kospi Index was driven by Posco, Lg Electronics Inc. and Korea Electric Power Corp.. Shaam least 19.69 million changing hands.

Lg Electronics Inc., which rose to 113,500 won, 2500 won, recorded the most active value transacted in South Korea.

Other active stocks are NCsoft Corp., which rose to 142,000 won, 6500 won, and Korea Digital Communications Corp., which rose to 180 won, 6990 won