Yuan Will Affect the Value of Imported Goods RI
Bank July 6th, 2010
JAKARTA – The government’s policy of China which decided to conduct the flexibility of its currency, the Yuan, will affect the value of imports of goods to Indonesia. Where a capital inflow will still continue.
“Obviously with the existing policy, capital inflow will still continue. It would not have significant influence on the map of foreign capital inflows,” said Director of Economic Research and Monetary Policy Bank Indonesia BI Perry Warjiyo in Building, Jakarta, Monday (21 / 6 / 2010).
Previously, the Government of China issued a policy flexibility for yuan after it was pegged against the U.S. dollar. Perry also said the policy will not affect the flow of Indonesian export goods to China. The reason for this Indonesian export more raw materials.
Nevertheless, he continued, Yuan flexibility will affect the activities of China’s imports of goods.
He said that prices of goods entering China will be more expensive than ever. Looking ahead, exports to China will still continue. “If for imports, China’s goods more expensive to make,” he concluded
Sign Up to Investment Grade
Economy July 6th, 2010
JAKARTA – The Minister of Finance Agus Martowardojo Indonesia considered that the increase in ratings from stable to positive by Moody’s as a positive signal for Indonesia to immediately enter into the ranks of investment grade.
Thus, the government thinks will be more careful in setting fiscal and monetary policies to maintain the government’s performance.
“This was the motivation for the government to be more careful in maintaining monetary and fiscal systems to better his performance and better and stronger,” he said at the office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (21/06/2010) .
However, he did not want to put a target date for Indonesia entered into the ranks of investment grade. According to him, the important thing is how the government maintain fiscal and monetary Performace today. “If I can not say (go into investment grade), we must work just fine,” he said.
As reported previously, Moody’s Investors Service today raised the debt ratings dominate Indonesian rupiah and foreign currency from stable to positive by Ba2 level.
“Indonesia has a strong capacity to realize berkelajutan growth, stability, and effectiveness of financial and monetary policy,” Moodys said, as quoted from Reuters.
Indonesia is also expected to improve financial performance and position of its debt. Moodys also enhance long-term rating depostito dominate foreign currency at the 10 banks in Indonesia to Ba3, from stable to positive. Last year, increasing foreign debt rating to Ba2 or two levels below investment grade
Foreign Policy Package Could Go to SBI
Finance July 6th, 2010
JAKARTA – Bank Indonesia (BI) BI asserted if the associated policy packages one month period was deliberately not closed the opportunity for foreign investors, to purchase Bank Indonesia Certificates (SBI). The reason is the presence of foreign funds was also a positive impact on the domestic market.
It is said Director of Economic Research and Monetary Policy Bank Indonesia BI Perry Warjiyo in discussions Bareng Media (BBM), in Building the Bank of Indonesia, Jakarta Monday (6/21/2010).
“Particularly in the domestic foreign exchange market, because it does not always have excess supply. Even to excess demand,” he said.
Furthermore, it was clear Perry, Indonesia, in principle, still require the presence of foreign funds, especially for investment activities. Even if there is negative impact, he said, BI is still able to anticipate the policy of holding one-month SBI.
“If this can be achieved with this policy, why the need to create policies that risky,” he concluded
Semester I, Realization KUR BNI Rp1, 7 Trillions
Bank June 25th, 2010
- The realization of the People’s Business Credit (KUR), which is distributed by PT Bank Negara Indonesia Tbk (BBNI) reached Rp1, 7 trillion over the first half of 2010, the government budget allocated KUR for BNI Rp3T counted.
“What has been identified amounting to Rp2, 5 trillion. How to do it is to work closely with industry so small that coaching is more efficient,” said Minister of State Owned Enterprises (SOEs) Mustafa Abubakar said here on Monday (6/21/2010),.
According to him, the President has mandated, this year must be disbursed KUR Rp20 trillion. Besides through BNI, he added, KUR also channeled through Bank Mandiri Rp3 trillion, trillion Rp8 BRI, BTN Rp750 billion and Rp750 billion Bukopin.
“The rest of Rp4, 5 trillion again, channeled through rural banks and local development banks in all regions throughout Indonesia,” he said.
Mustafa optimistic, KUR distribution amounting to Rp20 trillion will be absorbed optimally. Meanwhile, Vice President Director of BNI Felia Salim says it has managed to channel the KUR at Rp80 billion for the creative industry in Indonesia.
“That’s the fifth largest creative industry sub-sectors, namely handicrafts, fashion, IT and appliances, photography and design.’s Already disbursed over two years,” said Felia.
According Felia, BNI to support the creative industries that are initially non-bankable industry and become bankable. “If the first non-bankable, we studied the flow capacity development. BNI will provide the right target, “he said
Government Support Loan Fund Pertamina Search
Bank June 25th, 2010
JAKARTA – The government opened the door for PT Pertamina (Persero) to find the loan amounting to USD1, 5 billion from international financial institutions. Because, Pertamina has not determined will request the loan to which side.
“We have already approved several loans to foreign countries to SOEs. One of them Pertamina for USD1, 5 billion,” said Mustafa Abubakar, Minister of State in the Office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (06/21/2010).
Although already approved, but until recently Pertamina has not determined which side will be asked for a loan, but his plans remain to be realized in this year. “I can from anywhere, can the World Bank, ADB and others,” he explained.
Later, the proceeds from the loan would be used by companies that red plate for expansion and investments this year. “The important thing is we approve of,” he said
