Rice and Sugar No Sign at CAFTA
Economy March 2nd, 2010
The government insists that the rice and sugar are not included in the commodities included in the China-ASEAN Free Trade Agreement (CAFTA) or the Free Trade Agreement of China-ASEAN.
Deputy Minister of Agriculture Krisnamurthi in Jakarta on Monday said, rice and sugar is a strategic food commodities for a country that entered the category Special Product (SP) which is allowed by the World Trade Organization (WTO).
“Therefore, the government will make policies that protect these commodities,” he said.
Alluding to other agricultural commodities, Bayu said, for plantation products do not need to worry because Indonesia is still far superior to China.
Plantation products of Indonesia, he added, even made it into the country such as crude palm oil (CPO), coffee, tea, rubber, and even processed products such as rubber tires and cramps.
In fact, he continued, the balance of Indonesia-China trade in the plantation sector during the last four years shows positive growth which is up from 800 million U.S. dollars to 2.4 billion U.S. dollars.
“Therefore do not really worry about CAFTA could even be a chance of our products into China,” he said.
However, he admitted, for the national horticultural products still need to be improved its competitiveness.
Meanwhile, to make protection against the entry of similar products from other countries, the government will implement a policy of non-tariff barriers with the instrument Sanitary and phytosanitary (SPS), food security, and biodiversity Kehalalan.
According to the Minister of Agriculture Suswono the CAFTA deal could increase exports specialized in exotic products or that exist only in Indonesia and not in another country.
“Including the plantation product exports such as palm oil seed, cocoa, rubber, is encouraged so that they could buy the optimum,” he said. He suggests, for fruit products like orange have a competitiveness improvement in the country.
“The challenge of this type of goods that must be evaluated whether or not we may increase or dnilai added competitiveness,” he said.
If it is not possible increased competitiveness, he added, it’s better not jump it but sejanis product better diverted to other commodities.
Because of Virus, Central protein Failure to Pay Bond
Credit and Loan March 2nd, 2010
The company PT Central shrimp protein Prima Tbk (CPRO) failed to pay interest on bonds subsidiary, Blue Ocean Resources Pte Ltd, for 17.9 million U.S. dollars.
The Company stated that the reason for failure to pay financial performance and decrease in shrimp ponds have a virus, so CPRO Company Secretary Albert Sebastian in disclosure of information, Monday.
Decreased performance and a virus that attacks the mine was owned by Blue Ocean shrimp are expected, so the company had done, including cleaning, sanitation pond cultivation and water treatment facilities.
Blue Ocean has preached the global bond issue worth 325 million U.S. dollars on June 28, 2007.
These bonds will mature next June 28, 2012 and determined rates 11 percent per year, while the interest coupon payment every year on June 28 and December 28.
The Company failed to pay interest on the bonds for the date December 28, 2009 for 17.9 million U.S. dollars so the rating agency Fitch downgraded the bond rating from CC to C
Fitch’s rating also concerned about the inability of the company to pay interest on bonds.
Glass Industry Make Start ACFTA
Economy March 2nd, 2010
The implementation of the ASEAN-China Free Trade Agreement (ACFTA) had been used by several industries in Indonesia to get into China duty to zero percent.
As Trade Minister Marie Elka Pangestu, including the glass industry in the early influx of Customs FTA is still 25 percent who then fell to only 5 per cent and is expected to be able effectively to zero percent.
“There’s glass producers start FTA time, entrance fees 25 percent, last year was 5 percent. If it’s on schedule this year should be zero percent,” said Minister in the office of the Department of Commerce, Jalan Ridwan Rais, Jakarta, Friday (8 / 1).
Besides the use of import duties, enforcement of this FTA also been exploited for many industries to issue Certificate of origin (SKA) for imported products. However, he was not sure how SKA is already published.
Industries that have been published including CPO SKA, Cocoa, there are some manufactured products, and garments. “Later we’ll make a proper explanation of the numbers right, hopefully there are some exporters who export to China will share her story. I try to plan next week,” he concluded.
BI Limit Expansion of Foreign Banks
Bank March 2nd, 2010
Bank Indonesia berrencana restrict foreign banks operating in Indonesia, especially for segmentation and regional operations. However, the Central Bank will not restrict foreign ownership of banks in Indonesia because it is bound by the agreement of the World Trade Organization (WTO).
This was revealed by Senior Deputy Governor and Acting Governor of BI Nasution Nasution in Jakarta, Friday (8 / 1). According to him, the Central Bank was bound by the global agreements that can not just limit foreign ownership in Indonesian banks. However, bank regulators have the authority to limit operations in foreign banks.
“If it (the problem of ownership) we have bindings (tied) in the WTO’s so-diutik not utik. It’s more on how to open a branch, how the operations area. It means we can not also deny that we had agreed at the WTO.’s Name for people angry, will be considered a promise, “said Nasution.
However, Nasution admitted keberpihakannya on foreign bank ownership restrictions. One of them by encouraging smaller banks to merge with other national banks. This is to prevent the acquisition or annexation by foreign banks. In addition, the Bank plans to give leeway in terms of minimum capital ownership have been the drivers of a small number of banks falling into foreign banks.
Shanghai IPO Biggest
Stock Report March 2nd, 2010
Shanghai Stock Exchange is predicted to overtake Hong Kong’s position as the stock issuance of shares of the prime objectives (initial public offering / IPO) in 2010 the largest in Asia.
“Ensure, Shanghai exchanges will beat Hong Kong (Hang Seng) in 2010 as the center of the world’s largest IPO,” said Terence Ho from Ernst & Young yesterday.
He predicted, the number of IPO firms in the stock Shanghai China in 2010 reached $ 55, 7 billion. While in Hong Kong predicted USD44, 7 billion. The 2009 Hong Kong is still the center of the largest IPO in the amount of $ 30 billion.
While Shanghai is only $ 27, 3 billion. Ho said, the amount of interest in the Shanghai IPO to make its status as a world financial center increases. Shanghai dominance over Hong Kong’s only a matter of time.
Sooner or later, Shanghai will take a share of the IPO in Hong Kong. Moreover, the Government of China intends to make yuan exchange rate more flexible to changes in the currency of other countries.
“Internationalization of yuan could threaten Hong Kong because of foreign capital can flow into the Hang Seng. Global fund managers also will increase the percentage of their investment into Mainland China, “added Ho.
Currently China is implementing reform and improvement of capital markets. Some of the new rules issued, including stock index trading, margin trading (margin trading), and short sale (short selling).
Shanghai Stock Exchange also is preparing an international board, which allows foreign companies conducting an IPO in Mainland China. HSBC and the New York Stock Exchange (NYSE) Euronext will be the first stock listed on a stock exchange board of Shanghai. However, Ho admitted if in the short term benefits of Hong Kong is still the attention of international investors.
“In the short term, Shanghai Hong Kong pursue difficult in terms of transparency and liquidity. At present, Hong Kong filled with millions of international investors while Shanghai was filled with domestic investors, “he said.
Ho added, internationalization yuan could become a bridge for China investors to invest into global financial markets. This is a new opportunity for Hong Kong to attract investors to invest in Mainland China Hang Seng.
Critics Quality Analyst Hong Kong IPO
The success of Hong Kong stock exchange for IPOs attract $ 30 billion in 2010 received criticism from analysts. Authority considered sacrificing quality stock to increase the quantity.
One criticism is the securities regulatory approvals and the futures of Hong Kong (SFC) of the IPO $ 2, 6 billion from aluminum giant UC Rusal.SFC set a minimum investment of $ 130 thousand for Rusal to protect small investors.
“It is surprising when SFC approved the Rusal IPO. Rusal’s companies are losing money. I rate the stock and SCF ignores the problem of quality, “said Director of Center for Corporate Governance and Financial Policy of Hong Kong Baptist University Raymond Chan.
Rusal argued SFC is committed to fulfill several requirements, including a positive balance. So, despite not pass the test as a profitable company still allowed Rusal IPO. “Rusal agreed to apply the openness as the main thing and are committed to support a quality market,” SFC spokesman said.
Chang evaluate this policy will be staking his reputation of Hong Kong stock exchange. “Recording of shares in Hong Kong may be associated with low quality,” said Chan.
Concern over the issue of the number of Mainland companies that perform below the standard of openness in 2009 also appeared. “We have a lot of companies below the standard, look at the IPO record of last year,” added Chan.
Several cases of temporary suspension of trading in shares (suspend) Asian Citrus, the plantation companies in Mainland China. Asian Citrus Executive has announced the value of the company. Next, China is doing Zhongwang Holdings IPO more than $ 1 billion in April 2009.
Mainland China Manufacturers of aluminum is one of a prospectus and hiding military relations with China. Last week, claimed to have corrected Zhongwang mistake after hire Ernst & Young.
Then, the case of China the stock price declines Metal Recycling nearly 50 percent. This case prompted the resignation statement of the company’s chief financial officer.
The official could not be withdrawn because the company’s financial data access. Chan said that Hong Kong is a place best IPO companies Mainland China because the rules are more lax than exchanges in other countries, especially compared with Western countries and the United States (U.S.). “We must raise standards to match with other exchanges,” he said.
To overcome it, SFC rules change. SFC focus on corporate directors for the accuracy of information disclosure. But, critics of this effort continues to exist. Especially, lack of rigidity of the rules of the quarterly report.
“Currently, almost all exchanges in Asia requires a good quarterly report,” said David Webb, an independent investor. Webb criticized several parties desire to facilitate the IPO process. “Some people think the easier the better IPO. If so, why not trade on eBay because there is not no rules at all, “he added.
(7 /, (Hang Seng), (initial public, (NYSE) Euronext, (SFC) of, (short selling). Shanghai, (suspend) Asian, (U.S.). \"We, / 1), / IPO), \", \" SFC, \"added, \"added Ho. Currently, \"he, \"he added., \"he said. Ho, \"Recording of, \"Rusal agreed, \"said Director, \"Some people, \"We have, \"We must, & Young, & Young. Then, $ 130, $ 2, $ 27, $ 30, $ 55, 1 billion, 130 thousand, 2009 also, 2009 Hong, 2009. Mainland China, 2010 as, 2010 reached, 2010 received, 2010 the, 3, 3 billion., 30 billion, 30 billion. While, 50 percent., 6, 6 billion, 7 billion., a bridge, a good, a lot, a matter, a minimum, a new, a place, a positive, a profitable, a prospectus, a quality, a share, a stock, a world, access. Chan, accuracy of, added Chan. Several, admitted if, after hire, agreed to, all, all exchanges, allowed Rusal, allows foreign, almost, almost all, also appeared., also is, also will, aluminum giant, aluminum is, amount of, an, an independent, an international, an IPO, Analyst Hong, analysts. Authority, and, and are, and Financial, and hiding, and improvement, and liquidity., and SCF, and short, and the, announced the, appeared. \"We, apply the, approvals and, approved the, April 2009. Mainland, are committed, are losing, are more, argued SFC, as a, as the, Asia requires, Asia. \"Ensure, Asian Citrus, associated with, at all, At present, at the, attention of, attract $, attract investors, Authority considered, balance. So, Baptist University, be associated, be staking, be the, be withdrawn, beat Hong, because of, because the, because there, become a, below the, benefits of, best IPO, better IPO., billion from, billion in, billion. While Shanghai, billion. Ho, billion. The, billion. While, board, board of, bridge for, But, can flow, capital can, capital markets., case of, case prompted, cases of, Center for, center increases., center of, Chan said, Chan. Concern over, Chan. Rusal argued, Chan. Several cases, change. SFC, changes in, chief financial, China, China because, China Hang, China in, China intends, China investors, China is, China Manufacturers, China the, China. Asian, China. HSBC, China. Last, Citrus, Citrus Executive, claimed, claimed to, committed to, companies are, companies below, companies conducting, companies in, companies Mainland, companies that, company still, company. Next, company\'s chief, company\'s financial, compared with, conducting an, considered sacrificing, continues to, corporate directors, Corporate Governance, corrected Zhongwang, could become, could not, could threaten, countries, countries and, countries. \"Internationalization of, criticism from, criticism is, criticized several, critics, critics of, currency of, data access., David Webb, declines Metal, desire to, despite, despite not, difficult in, Director of, directors for, disclosure. But, doing Zhongwang, domestic investors, dominance over, easier the, eBay because, effort continues, Ernst &, especially, especially compared, Euronext will, evaluate this, Exchange (NYSE), Exchange also, exchange board, exchange for, Exchange is, exchange rate, exchange. \"Recording, exchanges, exchanges in, exchanges will, Executive has, exist. Especially, facilitate the, filled with, financial center, financial data, financial markets., financial officer. The, Financial Policy, firms in, first stock, flexible to, flow into, focus on, for China, for Corporate, for Hong, for IPOs, for Rusal, for the, foreign capital, foreign companies, from aluminum, from analysts., from Ernst, fulfill several, fund managers, futures of, giant UC, global financial, Global fund, good quarterly, Governance and, Government of, Hang Seng. Critics, has announced, have a, have corrected, he said. To, hiding military, hire Ernst, his reputation, Ho, Ho admitted, Ho from, Ho said, Ho. Currently China, Holdings IPO, Hong, Hong Kong, Hong Kong\'s, However, HSBC and, I rate, if in, If so, ignores the, implementing reform, improvement of, in 2009, in 2010, in April, in Asia, in Asia. \"Ensure, in Hong, in Mainland, in other, in shares, in terms, in the, including, including a, including stock, increase the, increases. Shanghai, independent investor., index trading, information disclosure., intends to, interest in, international board, international investors, international investors. \"In, internationalization, internationalization yuan, into global, into Mainland, into the, invest in, invest into, investment into, investment of, investor. Webb, investors, investors to, investors while, investors. \"In the, investors. \"It is, IPO The success, IPO companies, IPO firms, IPO more, IPO process., IPO record, IPO to, IPO. \"Rusal, IPO. If, IPO. Rusal\'s, IPO) in, IPOs attract, is a, is committed, is doing, is implementing, is not, is one, is only, is predicted, is preparing, is still, is surprising, is the, issuance of, issue of, issued, it, its status, Kong (Hang, Kong (SFC), Kong Baptist, Kong because, Kong filled, Kong IPO The, Kong is, Kong may, Kong predicted, Kong pursue, Kong stock, Kong to, Kong. Moreover, Kong\'s only, Kong\'s position, lack, lack of, largest in, largest IPO, Last week, last year, later, lax than, liquidity. At, listed on, look, look at, losing money., lot of, low quality, main thing, Mainland China, Mainland companies, make its, make yuan, managers also, Manufacturers of, margin, margin trading, market, markets. Some, markets. This, match with, matter of, may be, Metal Recycling, military relations, millions of, minimum investment, mistake after, money. I, more flexible, more lax, more than, Moreover, must raise, nearly 50, new opportunity, new rules, New York, Next, no rules, not be, not no, not pass, not trade, number of, objectives (initial, of $, of a, of aluminum, of capital, of Center, of China, of companies, of foreign, of Hong, of information, of interest, of international, of IPO, of last, of Mainland, of openness, of other, of quality, of rigidity, of Shanghai., of shares, of temporary, of the, of their, of this, of time. Sooner, of trading, of transparency, of yuan, offering /, officer. The official, official could, on a, on corporate, on eBay, one of, only $, only a, openness as, openness in, opportunity for, or later, other countries, other countries. \"Internationalization, other exchanges, over Hong, over the, overcome it, overtake Hong, parties desire, pass the, people think, percent. This, percentage of, perform below, place best, plantation companies, Policy of, policy will, position as, positive balance., predicted, predicted to, predicted USD44, preparing an, present, price declines, prime objectives, problem of, process. \"Some, profitable company, prompted the, prospectus and, protect small, public offering, pursue difficult, quality, Quality Analyst, quality market, quality stock, quantity. One criticism, quarterly report, quarterly report. \"Currently, raise standards, rate more, rate the, Raymond Chan. Rusal, reached $, received criticism, record of, Recycling nearly, reform and, regulatory approvals, relations with, report, report. \"Currently, reputation of, requirements, requires a, resignation statement, rigidity of, rules are, rules at, rules change., rules issued, rules of, Rusal IPO., Rusal to, Rusal.SFC set, Rusal\'s companies, sacrificing quality, said, said Chan. Concern, said David, said Terence, said that, said. Chang evaluate, said. Ho added, said. To overcome, sale (short, SCF ignores, securities regulatory, selling). Shanghai Stock, Seng. Critics Quality, Seng. Global, Seng) in, set a, several parties, several requirements, SFC approved, SFC focus, SFC is, SFC rules, SFC spokesman, Shanghai, Shanghai China, Shanghai dominance, Shanghai exchanges, Shanghai Hong, Shanghai IPO, Shanghai is, Shanghai Stock, Shanghai was, Shanghai will, Shanghai. However, share of, shares (suspend), shares in, shares of, short sale, short term, small investors. \"It, So, Some of, spokesman said. Chang, staking his, standard, standard of, standards to, statement of, States (U.S.)., status as, still allowed, still the, stock and, Stock Exchange, stock index, stock issuance, stock listed, stock price, stock Shanghai, stock to, success of, support a, surprising when, suspension of, take a, temporary suspension, Terence Ho, term, term benefits, terms of, test as, than $, than exchanges, that Hong, that perform, the, The 2009, the accuracy, the amount, the attention, the better, the case, the center, the company., the company\'s, the currency, the easier, the first, the futures, the Government, the Hang, the IPO, the issue, The largest, The main, the new, The number, the openness, the percentage, the plantation, the prime, the problem, the quantity. One, the quarterly, the resignation, the rules, the Rusal, the securities, the Shanghai, the short, the standard, the stock, the test, the United, the value, the world\'s, their investment, there is, thing and, think the, This case, this effort, This is, this policy, thousand for, threaten Hong, time. Sooner or, to apply, to attract, to changes, to exist., to facilitate, to fulfill, to have, to increase, to invest, to make, to match, to overtake, to protect, to support, trade on, trading, trading (margin, trading in, transparency and, UC Rusal.SFC, United States, University Raymond, USD44, value of, was filled, Webb, Webb criticized, week, Western countries, when SFC, which, which allows, While in, while Shanghai, why, why not, will be, will beat, will increase, will take, with China., with domestic, with low, with millions, with other, with Western, withdrawn because, world financial, world\'s largest, year, yesterday. He predicted, York Stock, Young yesterday. He, yuan could, yuan exchange, Zhongwang Holdings, Zhongwang mistake
admin
No Comments 
