Riffrag Business & Finance Report

Richest countries to give at least prosentual development assistance. Since, the amount taken from the national gross income that can make a difference.

“This 0.7 percent of Europe promised to be disbursed in 2015. It can make big changes. Maybe Europe will keep its promise, but the promise was uttered so often the question arises, what will they do, whether they are serious, and whether they will deliver , “said Jeffrey Sachs.

U.S. economist Jeffrey Sachs has long been a business adviser to the UN millennium development goals. He was not tired emphasized very small number was 0.7 percent, which is seven cents from 10 Euros or Dollars will be worth.

Currently there are five European countries who not only achieve the target, but also exceeded, the Swedish, Danish, Dutch and Luxembourg. Ireland almost to the 0.7 percent target. Meanwhile, some EU countries are still far below the 0.5 per cent. United States and Japan also has yet to reach 0.3 percent. With the global financial crisis, seems to achieve the millennium development goals even further.

The problem is not only the number, but especially how the funds were distributed, thus emphasized the deputy leader of the Institute of Political Studies German Development DIE, Imme Scholz. He said, “The third aspect is the development can not be bought like that. Merpuakan This is also our experience that can lalkukan after 40 years, that provides money and knowledge is not enough, if it can not entrust the partners in developing countries who have motivation and be strategic.”

Because if it is not only measured by money, research institutions or the Global Development Center publish CGD index of international development cooperation based on the study.

There are seven factors that measure, namely direct development assistance, trade, investment, migration, environment, security and technology. In a report this CGD research institutions, state-advanced economies ranked in the bottom ten.

Germany, for example, was in 12th position with France and England. Plusnya value investing primarily in third world countries, the political environment component of development and readiness to accept humanitarian refugees.

The value is a barrier minusnya agricultural products imported from third world countries, lack of involvement in international peace missions and the low level of technology transfer.

England, in the field of investment and political environment, was also in good enough position. But the UK is ranked low in the field of technology transfer and political refugees. Especially because arms exports to countries such undemocratic Pakistan and Saudi Arabia.

France is also experiencing similar problems. This country is the world’s largest exporter of supplying weapons to totalitarian states. In general, according to the report, the countries G-7, or the richest countries of the world, get a bad grade.

PT Toyota Astra Financial Services (TA Finance) said the new financing can be closed this year to Rp4 trillion, equivalent to 30,000 units of motor vehicles.

TA Finance Marketing Manager said Vishnu Kusumawardhana financing trends continue to rise this year. In late November, the financing has reached Rp3, 9 trillion this year so that the target Rp3 trillion, equivalent to 24,000 units was exceeded.

“With the conditions this year were expected to be closed in a number Rp4 trillion, equivalent to 30,000 units,” he told Bisnis.com, this weekend.

TA Finance before raising new loans in the target this year to Rp3, 7 trillion from the previous Rp3, 1 trillion in anticipation of an upward trend towards the financing of Lebaran, although in the first half of this year slightly corrected financing.

Last year, a new financing joint venture (JV) between PT Astra International Tbk and Toyota Financial Services Corporation in Japan reached 27,000 units, equivalent to Rp3, 5 trillion, much higher than the 2007 level was 17,000 units or Rp2 trillion.

Vishnu said that next year the vehicle financing prospects remain positive so optimistic with the business side multifinance funding especially from the side, too safe.

The Government of Indonesia to cancel plans global bond issue 30-year term, and the only debt issued bertenor 10 years.

According to Bloomberg sources, note the U.S. dollar-denominated debt that will be set based on the size or number. Benchmarks are usually worth at least U.S. $ 500 million.

Government explore global bonds worth U.S. $ 3 billion to U.S. $ 4 billion to finance its 2010 budget. Bond yield was estimated at 2.2% and 2.54% higher than debt securities with the same period published by the U.S. Treasury Department (U.S. Treasury).

Government of the Philippines and Turkey jointly issued dollar bonds worth U.S. $ 3.5 billion. Besides Indonesia, the government of Vietnam, Russia and Poland is also preparing the sale of dollar bonds in order to reap the benefits of debt reduction in borrowing costs in the U.S..

In the last week, the Philippine government bond yields set for 5.67%. Bonds that mature in 2020 were ranked BB-, as Indonesia dollar bonds. International debt rating agency Moody’s Investors Service earlier this week with a Ba2 rating to stable outlook for the global debt securities RI medium term.

The same debt ratings given when the government issued a letter RI RI debt worth U.S. $ 3 billion in February 2009, while Fitch Ratings provides ratings BB. Both are two levels below investment level. Instead, Standard & Poors rated BB-, three levels below investment level, which is equivalent to ranking Turkish acquisition.

A finance ministry official said the government has appointed Barclays Capital Plc, Citigroup Inc. and Credit Suisse Group AG as an underwriter of global bonds plan this RI.

Three major indices in Wall Street experienced a correction at the close of trade Tuesday local time, as the slump in corporate profits snapper class in China, Alcoa Inc and fears of investors for global economic growth is uncertain.

As quoted by Reuters on Wednesday (13/1/2010), Alcoa Inc. profit declined far below the expectations of some analysts, that the question for investors of the economic recovery in China later. Section. This snapper-class company, is a large company in the market.

Alcoa’s fears and the prospect of large companies increased materials producers, after China re-tighten monetary policy and increase the reserves for banks. Steps are taken to control the growth so that not too fast. But on the other hand, can impede the recovery process of other countries as well as negative impact for companies that sell natural resources to the country.

At the same time, President of the United States (USA) Barack Obama has said if he was with the parliament will consider a tax levy on the banking services sector, covering losses in the Troubled Asset Relief Program from the 2011 state budget plan. Triggering shares weakened financial sector, investors worried that the move would erode banking profits.

“Currently, talks about bank charges brought uncertainty in the market, it became the financial sector to turn around,” said Prudential Financial analyst Quincy Krosby.

Some traders took off banking shares over the concerns that Washington would encourage increased income from the bank, in connection with the disbursement stimulus in 2008 and 2009. Senior administration official said, President Barack Obama is considering such steps.

Sentiment carried the Dow Jones index fell 36.73 points, or 0.3 percent to the equivalent level of 10,627.26. Meanwhile, the S & P 500 fell 10.76 points, or 0.9 percent, to equal 1136.22, after being at the best level since 1987 and the Nasdaq index down 30.1 points or 1.3 per cent equivalent to 2282.31.

Income from the Suez Canal of Egypt is strategically dropped 20 percent in 2009 due to the global economic crisis, a Suez Canal Authority official said Monday (11/01).

Revenues reached 4.28 billion dollars in 2009, compared with 5.38 billion dollars in 2008, officials said unnamed. Officials blame “a global financial crisis continued” for the fall.

Canal, which connects the Mediterranean Sea and Red Sea and is one of the shipping lanes of the most widely used in the world, is the source of Egypt’s third largest revenue after tourism and remittances from foreign workers. Volume of traffic through the canal along the 163-kilometer (101 miles) is seen as an indicator of the health condition of maritime trade throughout the world.