Government Debt Add Rp7, 5 Trillion
Credit and Loan September 10th, 2009
The government increased the number of debt Rp7, 5 billion through the sale of state bonds series 4 / state bonds (SUN) by auction. Press releases Directorate of Debt Management Department of Finance in Jakarta, Tuesday, say, the total supply in the auction on the 4th Tuesday of SUN series reached Rp14, 88 trillion.
Number of Rp7, 5 trillion is greater than the amount previously set an indicative only set Rp5 trillion. The amount was intended to partly finance the 2010 state budget.
Details of the auction results of 4 series is a series SUN SPN20110113 Rp1, 1 trillion from the incoming supply Rp3, 88 trillion. SUN will mature January 13, 2011.
Series FR0027 Rp1, 45 trillion from the incoming supply Rp3, 7 trillion. Yield (yield) in this series of 8.18 percent and will mature June 15, 2015.
Series FR0028 Rp2, 7 trillion from the incoming supply Rp4, 22 trillion with the yield 8.69 percent and will mature July 15, 2018.
Series FR0052 Rp2, 25 trillion from the incoming supply Rp3, yield 07 trillion to 10.51 percent and will mature August 15, 2030.
Chinese Export Through Germany
Economy September 5th, 2009
China may have passed Germany as the largest exporting country in the world, after exports rose 17.7% last month. This figure is an increase compared to the same period the previous year, and is the first increase for 13 months after China’s exports fell due to world economic recession.
The official news agency “Xinhua” is quoted “BBC” reports the total value of exports for the year 2009 reached U.S. $ 1.2 trillion in foreign trade even during 2009 fell 13.9%. The total value of trade during the previous year’s decline in line with the global economic crisis which led to falling demand for Chinese products. But in the weeks end of 2009, an increase greater than initial estimates the value of exports in December reached U.S. $ 130.7 billion or 17.7% increase compared to December 2008.
Customs Administration of China said in 2009 the export value dropped 16% from the year 2008, while imports fell 11.2% compared to the year 2008 to U.S. $ 1.01 trillion. China’s trade surplus which is often the complaints of other countries fell 34.2% to U.S. $ 196.1 billion.
In December 2009 the export figures, then China may have passed along Germany’s total exports of this 2009.Kepastian be known in February when the official statistics published German exports.
Spot gold price this morning of U.S. $ 1153.16 per ounce
Gold Investing September 2nd, 2009
JAKARTA (Bloomberg): The price of gold in the spot market this morning was recorded at the position of U.S. $ 1153.16 per ounce, or weakened thin compared to yesterday’s position in the level of U.S. $ 1153.57 per ounce.
Gold, which traded little changed in Asia, reached the highest position in more than a month when the U.S. dollar weakened thereby increasing the demand for precious metals.
U.S. dollar exchange rate fell to the lowest position in three weeks against the euro yesterday and due to speculation that the Federal Reserve will keep interest rates low in order to accelerate economic recovery.
“Gold really reliable when investors look at the development dollars,” Peter Tse, head of precious metals Bank of Nova Scotia in Hong Kong, said today.
Gold for immediate delivery rose 0.2% to $ 1153.90 per ounce at 9:45 pm in Singapore, after earlier falling about 0.3%. Gold prices touched the highest point on the position of U.S. $ 1226.56 on December 3, 2009. The price of gold for February delivery in New York rose 0.2% to $ 1154.10.
Among the precious metals other, platinum rose 0.6% to $ 1600.13 an ounce, its highest level since August 2008, and last traded at $ 1598 position. Silver also rose 0.4% to $ 18.6275 per ounce, and palladium fell 0.1% to $ 433.75 an ounce.
