JAKARTA – In the middle of the discourse of increased levels of inflation and interest rates are likely to occur in 2010, the property and gold can be a safe investment instruments from the effects of inflation.
This was revealed by the Head of Research and Chief Economist of ING Asia Commercial Banking Condon team teleconference with reporters at the office of ING Securities Indonesia, Stock Exchange Building, Jakarta, Tuesday (26/1/2010).
“Property and gold is considered as two investment instruments that can overcome the effects of inflation among investors in Indonesia,” he explained.
He explained if investors will continue to monitor inflation and domestic interest rates in 2010. The survey states that 50 percent of investors expect inflation will rise in the first quarter-2010.
At the same time, 53 percent of investors believe that interest rates in the country will meingkat the second quarter. Indonesian investors view an outline of this is consistent with the views of investors in other Asian countries (except Japan), where 59 percent of their estimate of inflation increased in the first quarter-2010.
“Investors are expected to carefully consider monetary policy to be tightened in 2010. Although Indonesia recorded lower inflation rates in 2009 due to weakening commodity prices, inflation will again rise in early 2010, and held at 5-7 per cent range during 2010. We expect interest rates will rise in the first half of 2010, “explained Tim.
Bank Mandiri stole Palm Sector Rp35 T
Portfolio May 17th, 2010
JAKARTA – PT Bank Mandiri Tbk (BMRI) fully supports the palm oil sector National and derivatives industry by providing financing facilities to Rp35 trillion in October 2009 until the end. This figure grew 16 percent compared to the same period in 2008 and reached the 75 per cent of the total plantation sector financing portfolio at the Bank Mandiri.
Director of Corporate Banking Bank Mandiri Riswinandi said the palm oil sector financing of Bank Mandiri thus increasing the portfolio as of October 2009 reached Rp 35 trillion with a low NPL rate of under one percent.
“Business CPO did have a very tough challenge, let alone the industry still relies on export markets, especially the many obstacles in implementing the European Union environmental standards. However, we believe the prospects for the development of Indonesian palm oil industry will continue to grow well because we have to recognize the characteristics this business in a long time, “Riswinandi says, in a written statement received Legal, here on Friday (3/12/009).
Therefore, Bank Mandiri is present in the Indonesian Palm Oil Conference and Price Outlook 2010 is organized by GAPKI (Palm Indonesia) in Bali, as a form of full support in this sector. Chairman of GAPKI (Indonesian Palm Oil) Joefly J. Bahroeny said that such support by Bank Mandiri to these sectors is needed especially when some doubt on the part of stakeholder, banks, financial institutions and regulators that led to the perception that this sector is no longer prospective.
Bank Mandiri conviction can not be separated from the long history of financing oil palm plantations which started from 4 Legacy Bank eventually merged into Bank Independent. Moment-owned banks, state governments are always involved in a variety of financing schemes such as the PIR program TRANS, KKPA PIR, PBSN first, second, third, until the program currently underway KPEN which-RP. The long experience of Bank Mandiri is made to understand the characteristics of this business, and preparing financial products and other products that suit the needs of this sector.
In 2008 the experience of Bank Mandiri in channeling financing to this sector, are tested. CPO prices could then rise up to USD1395 per ton due to rush current global liquidity impact on commodity markets and financial markets. However, CPO prices corrected and then declined sharply until it reaches the lowest point of USD435 per ton in October 2008 in line with the global crisis and a drop in world oil prices.
Industry financing models that use palm Bank Mandiri be a contributing factor to the growing portfolio of low NPL rate. Business financing model is supported by regular review of the oil palm industry through research both internally and with external parties who are competent, covering all aspects of both micro and macro that is always obtained the information up-to-date. In addition, the financing structure that is prepared in accordance with the characteristics of the financing needs of oil palm, so that the current Bank Mandiri worthy of being the primary option for financing palm oil.
Bank Mandiri rate of oil palm has the advantage over similar commodities such as vegetable oils, soyabean, rapeseed, and canola oil production especially in a year on each hectare of land. In addition, the use of palm oil is not only as food but also fuel the consideration of factors that make demand will continue to grow into the future.
Related to environmental and social issues, the bank always consider these aspects in any financial analysis such as compliance with government regulations, the legality of a clear land and the social conditions of communities around the garden. Bank Mandiri also important at oil palm plantation developments are sustainable (sustainable) and will continue to support government programs such as forest reservations, plasma program, and CSR in oil palm sector.
Banking Lower Interest Credit
Credit & Loan May 17th, 2010
Jakarta- Our Bank Indonesia (BI) to the national banks to continue lowering interest positive response. This year bank loan interest rate is estimated to be down two per cent.
Corporate Credit Director of PT Bank Central Asia Tbk (BCA) Dhalia Ariotedjo explained, it will consider the reduction of credit interest. The reason is, the bankers are not just competing with other private banks, but also must compete with government banks and foreign banks.
“The condition of the corporation, especially the credit market is very competitive now. Competition for loans from commercial banks but also from foreign banks. We will consider the decline in credit interest, “said Dhalia in Jakarta, recently. Current corporate interest in the level of BCA was 10.5 percent.
Although mortgage interest is low enough, go Dhalia, it would consider interest rate reduction credit. Contacted separately, Corporate Secretary PT Bank Mandiri Tbk Sukoriyanto Saputro admitted his side will examine the possibility of the company to lower credit rates.
It will be adjusted to conditions in the economy this year. “During the year 2009, we’ve lowered the mortgage interest as much as 5 times for 225 bps.Tapi we will consider another reduction in interest rate credit this year,” he said. Current loan interest average ranges from Bank Mandiri, 12-14 percent.
Previously, mortgage interest, ranging Mandiri 14-16,25 percent. Finance Director of PT Bank Rakyat Indonesia Tbk (BRI) Sudaryanto Sudargo said BRI mortgage interest rates have fallen since June 2009 of 200 bps.Pihaknya promised to gradually lower the loan interest rate by 50 bps this year. “Our credit interest rates have fallen 3 times since June 2009. The range of our interest at 12 percent, “he added.
He admitted, space for BRI to cut interest rates when their credit is still given credit lebar.Untuk segment, it can gradually keep reducing from 25 bps to 50 bps. The other segments can be lowered to 50 bps. “Because, mortgage interest rates vary. Corporations only credit interest rate of 12 percent but there is also a 9.75 per cent in other segments.
Depending on each segment, “he explained. While analysts argue Aviliani banking, bank loan interest rate this year has the potential to fall to 2 percent. This was to encourage credit growth of 17-20 percent industry ditahunini. “Now that liquidity big enough, it can be seen from the large flow of foreign funds,” explained Aviliani. With the entry of foreign funds are channeled primarily into the real sector, the fund could be competition for funds of the banking industry.
Automatically to perform the function of intermediation, banks must lower the cost of funds (cost of funds) to the mortgage interest can be competitive with foreign funds. “If banks want to efficiently manage the cost of funds, the interest rate is potentially down to 200 bps,” added the Independent Commissioner BRI.
Based on the Indonesian Banking Statistics released by Bank Indonesia as of December 2009, interest rates on average loans of commercial banks based on the type of usage is rising and there is a fall. Credit for working capital (dollars) fell from 13.54 percent to 13.27 persen.Kredit working capital (foreign exchange) down from 5.11 percent to 5.02 percent. For investment credit (dollars) fell from 12.66 percent to 12.55 percent.
Credit investment (foreign exchange) down from 5.93 percent to 5.88 percent. Whereas for consumption credit (dollars) fell from 15.92 percent to 15.81 percent. However, credit for consumption (forex) actually rose from 0.62 percent to 0.67 persen.Menurut Money Market Information Center (PIPU) BI, the average base rate loans as of February 24, 2010 for 12.6 persen.Artinya if down 2 percent, the average base rate loans could reach 10.6 percent.
The Quiet is good at Foreign Companies Aim
Company Info May 17th, 2010
Vladimir Lisin, a steel businessman, ordained a new richest man in Russia. Lysine wealth increases when the financial crisis made the Moscow millionaires lost a lot of wealth.
According to published Russian magazine, Finans, wealth Novolipetsk steel company leaders had increased to $ 18, 8 billion this year, from $ 77 billion in 2009. Lysine worth half of the assets Microsoft founder Bill Gates to reach $ 40 billion. The report was published two months before the Russian edition of Forbes magazine declared the richest man in the country.
Last year Lisin ranked 93rd richest person in the world with a fortune of $ 5, 2 billion. Lysine name which means “cunning” is a millionaire who rarely troubled by the Government of the Kremlin. The success of 53-year-old man was a rare example. Because, in Russia a career man in the world of steel that can rarely be a king of the industry.
Generally, the billionaire who controlled the steel industry sector is successful investors buy companies owned by former Russian Government. Siberian steel institute graduate and former senior manager of a steel company in the late 1980s was able to learn quickly after the destruction of the Soviet Union. He joined the companies buying the Russian government privatized in the 1990s.
He then took part in the market of this century. As a young partner of the influential brothers, Mikhail and Lev, Lysine helps the company Trans World Group (TWG). TWG is a broker who became liaison with the political elites in Russia during Boris Yeltsin’s presidency, with the aim of selling access to some profitable steel company.
Lysine also get access to buy steel companies, aluminum and copper in Russia. Sometimes the government to acquire the company, Lysine use force, or which is known in Russia as “aluminum wars” of the 1990s. However, the wealth and the image faded because TWG a dispute between Lysine and brother. Do not want to get stuck in a dispute, Lysine took over the company’s most modern steel is Lipetsk.
“War” between Lysine and other billionaires continue. He is competing with the king of nickel Vladimir Potanin bought a majority stake and businessmen from the United States (U.S.) George Soros. Lysine was finally mastered Lipetsk. Lipetsk is known as NLMK, and began trading on the London stock market in 2005. In quick time the company’s profits rose sharply and became an exporter of steel to China and continue to develop a steel company in America.
Although the flying NLMK, Lysine is known as a millionaire who rarely appears in public and the media. He’s often said it would buy companies in the West. However, he rarely boasted to buy a football club or luxury sailing boat as most of the other Russian billionaires. In 2005 the British media reported that Lisin has bought the castle relic of the 16th century in Scotland for $ 10, 5 million.
The man who is married and has three children that build the center’s largest pigeon shooting in Russia. In resting place, “the Fox’s Den” Lysine is often met with influential Russian politicians, including Prime Minister (PM) Vladimir Putin.
Meanwhile, Finans reported that second-richest man in Russia is the billionaire owner Mikhail Prokhorov Onexim Investment property value reaches USD17, 85 billion, increase compared with last year that only $ 14, 1 billion. In the third place ranking soccer club owner Roman Abramovich to Chelsea worth USD17 billion in 2010, up from USD13, 9 billion years ago.
China Build Special Economic Zone in Egypt
Economy May 17th, 2010
SHANGHAI – China’s government would build a new investment zones in Egypt to facilitate market access to Europe, Africa and the Middle East.
According to newspaper Financial Times, Egypt was currently negotiating with the Government of China through Tianjin Economic-Technological Development Area (TEDA).
New investment centers strategically located in the south of the Suez Canal. Based on the rules applicable in Egypt, China companies will control 49 percent maximum share of the total investment of USD1, 5 billion economic zone.
“Suez economic zone will be the first and allow large investors to connect in here,” said Egyptian Minister of Investment Mahmoud Mohieldin yesterday.
He added that the final agreement of cooperation will be achieved in the near future. Unfortunately, TEDA has not confirmed the plan related. Mohieldin estimates, in the first three years of special economic zones can absorb an investment of $ 3, 5 billion.
The sectors which China is the target of natural resources such as energy to meet its domestic needs. Financial Times report said, China is interested in projects to improve trade with Egypt State Panda that would be the entrance to the European region, Africa and the Middle East.
“TEDA has become a partner of multinational companies such as Akzo Nobel, IBM, and Toyota is expected to open their sales offices in Egypt in June of this,” wrote the newspaper.
Communication and Information Minister Tarek Kamel said Mesih, China cooperation with Egypt in the Suez Canal will provide benefits to both countries, including creating jobs for the citizens of Egypt. “They can take advantage of market growth, but can also petrify us with socioeconomic development,” he said.
Swap Transactions Reaches USD170 Million
China’s commercial banks managed to absorb the funds of USD170 billion of foreign currency trading throughout 2009. Largest revenue primarily from yuan currency swap with the United States dollar (CAD).
Shanghai Securities News quoting a former Deputy Head of National Tax Bureau stating that Xu Shanda Administration Center Currency Trade (SAFE) to record the absorption swap in China to reach one trillion yuan.
Xu predicted, these swap funds could increase to $ 500 billion this year from a total of $ 3 trillion swap funds from the global financial system. Meanwhile, the four major commercial banks owned by the Government of China is reported to have disbursed loans of 300 billion yuan during February and up 34 percent compared to January.
Four banks are Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and China Agriculture Bank. The experts are asked to comment by People’s Daily Online estimate, the total bank loans last month to reach 600 billion yuan
