JBIC Ready Additional Government Debt Guarantees
Uncategorized November 5th, 2009
The Japan Bank for International Cooperation (JBIC) is ready to ensure the Government of Indonesia additional debt in the Japanese market through the issuance of Samurai Bond.
“Next week our colleagues will come to Jakarta, maybe can start discussing it,” said Chief Representative of JBIC in Jakarta, Takanori Satake meeting between Indonesia-Japan “Joint Economic Forum” in Jakarta, Monday.
Satake said, it had several times discussed with the government about the Samurai and the Indonesian Government Bond interest for Samurai bond issue.
“But for 2010 there has been no further discussions regarding the amount and timing,” he said.
However, according to him, the amount will depend on the needs of government and market conditions in Japan.
JBIC’s guarantee of the Samurai Bond issuance by the government of Indonesia for 2 years (2009-2010) with the amount of about 1.5 billion dollars, meaning that if the bonds were not sold in the Japanese market bought the JBIC. In 2009 the government has issued approximately 350 million U.S. dollars.
“If an extension until 2011, until now the program will continue until 2010. Yet there is talk about an extension. If you want an extension, would be discussed. But we have not received the request,” he said.
On the condition of the Japanese market today, Satake rate, market conditions quite possible for the government to release this year Samurai Bond. The market will be able to absorb properly.
“Last year was issued 350 million U.S. dollars, the rest may be this year. But the Samurai market seemed to accommodate the supply from the Indonesian government,” he said.
In the same occasion, Satake also said that in addition to the guarantee, JBIC will also provide direct loans to Indonesia.
“JBIC to lend depends on the project. So there’s no definite amount, depending on the readiness of the project. For the moment there is no proposal,” he said.
He mentions, it attracted Pertamina finance projects or PLN so that if necessary it will consider financing.
In the last two years, JBIC provides loans to Indonesia for 1.5 billion U.S. dollars as a guarantee of the Samurai Bond and 100 million dollars for capital Indonesian Export Guarantee Agency (LPEI).
“This year there was the guarantee of the Samurai. We do not know how the government’s financing plan this year. If this year LPEI need, we can provide more assistance,” Satake said.
Shopping Online So the New Lifestyle
Finance November 5th, 2009
Shopping online will become a new lifestyle for the Indonesian people in the future, says Managing Director Kemana.com, Novira Camelia in Denpasar, on Sunday.
“Shopping online will become a way of life and the way the modern shopping as it saves money and time. Buyers do not need bermacet-stuck in the road and lined up at the mall,” he said.
He argues, Kemana.com to be launched late January or early February 2010 was present in Indonesia, with head office in Sanur, Bali, trying to anticipate the arrival of the new lifestyle.
“We are here to combine the capabilities and business practices through the application of technology, service, efficiency, quality and ease payment terms for buyers,” he said.
Kemana.com founded by Christopher Benz, online shopping young practitioners who founded the first Craftnetwork.com. Benz saw that in Indonesia, spending patterns in the virtual world because the people familiar promising internet.
According to Novari, shopping online lets buyers choose items from a variety of brands, including the price of the cheapest to most expensive. It provides 40 thousand more items that can be purchased by the visitor.
“The product began from books to electronics devices, from locally made until the international brands. We will provide maximum service to the buyer until the countryside. But for the initial stage, we only serve Java, Sumatra and Bali,” he said.
