Oil prices slumped back on the weekend trade. Just as the index of Wall Street, the cause is a case of fraud allegedly committed by Goldmand Sachs.
"In addition, several large companies also reported poor financial performance, as well as negative yag housing data," wrote the Associated Press (AP) as quoted okezone in Jakarta, Saturday (17 April 2010).
At the close of trading Friday on the New York Mercantile Exchange, oil prices (crude) fell as much as $ 2, 27 and are dilevel USD83, 24 per barrel. While the price of Brent crude oil on the ICE futures exchange fell just 1.6 U.S. cents to the position of USD85, 99 per barrel.
Meanwhile, the index index tumbled on Wall Street trading closed this weekend. Cases of fraud (fraud) who allegedly carried out Goldman Sachs and the projected financial statements of issuers snapper bad the U.S. is suspected to be the main reason.
Dow Jones index fell as much as 125.91 points, or 1.13 percent at 11018.66. Index Standard & Poor's 500 fell 19.54 points, or 1.61 percent to a level of 1192.14. Similarly, the Nasdaq composite index fell 34.43 points, or 1.37 percent to 2481.26 position.
Goldman's own shares have declined by 13 percent to $ 160, 89. This is the worst record since January 2009, which counted more than 100 million shares to investors released
Saturday, April 17, 2010
Thursday, April 15, 2010
2010, Garuda Cooperation contract signature Rp2 Trillion
PT Garuda Indonesia is targeting corporate sales cooperates with 750 companies or equivalent to Rp2 trillion this year.
"With this partnership, each company that builds collaboration, all family members of employees and the company will use the Garuda Indonesia flight to domestic and international routes," said President Director of Garuda Indonesia Ermisyah Satar, Thursday (15 April 2010).
In this collaborative program, companies that work together to get a good discount on a business trip or leisure travel as well as specialized services such as special corporate net fare, priority reservation, check-in city and ease of bookkeeping.
To achieve this target, Emirsyah said it plans to build cooperation with 29 state enterprises. "For the first phase, build our cooperation with PT Krakatau Steel (KS)," he explained.
In addition to building cooperation corporate sales, Garuda Indonesia will also conduct cooperation in transport ticketing system Intermoda with SOEs.
Intermoda is cooperation ticket forms canal, so that with the existence of this partnership, passengers can directly Garuda buy one ticket to travel with other vehicles and the Garuda aircraft at once.
Emirsyah target, in 2015, Garuda Indonesia will be able to do the same job with the company's marine Intermoda Indonesia (PELNI). It hopes to, cooperation with Pelni Intermoda was done especially for the eastern part of Indonesia.
However, Emirsyah admit, not easy in this Intermoda build cooperation. Section, this cooperation is necessary synergy that is strong enough, especially in terms of information technology. Given this cooperation, Emirsyah passenger growth target of 10 percent.
"Passenger our domestic average and one passenger can last five to six times a year. Mean 40 million passengers, divided only five means eight million who fly, so its potential is still huge, "he explained.
Another challenge in this program, he continued, is the problem of infrastructure. "Now that there is a solid plane at the airport. Preparing for a difficult airport was addressed, "he explained.
"With this partnership, each company that builds collaboration, all family members of employees and the company will use the Garuda Indonesia flight to domestic and international routes," said President Director of Garuda Indonesia Ermisyah Satar, Thursday (15 April 2010).
In this collaborative program, companies that work together to get a good discount on a business trip or leisure travel as well as specialized services such as special corporate net fare, priority reservation, check-in city and ease of bookkeeping.
To achieve this target, Emirsyah said it plans to build cooperation with 29 state enterprises. "For the first phase, build our cooperation with PT Krakatau Steel (KS)," he explained.
In addition to building cooperation corporate sales, Garuda Indonesia will also conduct cooperation in transport ticketing system Intermoda with SOEs.
Intermoda is cooperation ticket forms canal, so that with the existence of this partnership, passengers can directly Garuda buy one ticket to travel with other vehicles and the Garuda aircraft at once.
Emirsyah target, in 2015, Garuda Indonesia will be able to do the same job with the company's marine Intermoda Indonesia (PELNI). It hopes to, cooperation with Pelni Intermoda was done especially for the eastern part of Indonesia.
However, Emirsyah admit, not easy in this Intermoda build cooperation. Section, this cooperation is necessary synergy that is strong enough, especially in terms of information technology. Given this cooperation, Emirsyah passenger growth target of 10 percent.
"Passenger our domestic average and one passenger can last five to six times a year. Mean 40 million passengers, divided only five means eight million who fly, so its potential is still huge, "he explained.
Another challenge in this program, he continued, is the problem of infrastructure. "Now that there is a solid plane at the airport. Preparing for a difficult airport was addressed, "he explained.
Wednesday, April 14, 2010
Japan AE to Expand Domestic Sales
PT Japan AE Power Systems Indonesia (Japan AE Power), power engineering company which is affiliated with Hitachi Ltd., targeting sales to the domestic power plant, up from 10 percent to 50 percent of total sales.
President Director of Japan AE Power Hirohiko Yatsuzuka said demand supporting machinery plant in the country this year so the company seeks to increase transfer most export sales to the domestic market.
"In the past year, our exports to reach 90 percent or approximately Rp162 billion of the total sales amounted to Rp180 billion, while sales into the country is still 10 percent. This year, we are targeting sales to the domestic portion could rise to 50 percent, "he said in Jakarta on Wednesday (14 April 2010).
General Manager of Japan AE Power Christiyono Soekamto add request engine-electric generator for power distribution switch gear in the form of a significant increase compared with 2009 as the Crash mega power plant 10 thousand megawatts (MW) Phase II.
"For us an order of PLN power plant a number of electrical equipment. In addition, we will realize an order from PT inalum (company aluminum ingots / bars) worth Rp24 billion in the form of high voltage gas circuit breaker (GCB), "he explained.
Until 2009, Japan AE Power has invested up to $ 29 million in EJIP Industrial Estate, Cikarang, Bekasi. In 2005, Hitachi Ltd. off a majority stake of 99 percent, so Japan AE Power became the majority shareholder, while one percent of shares held by Hitachi Asia Ltd. in Singapore.
The total current installed capacity reached 200 units / gas insulated switchgear (GIS) per annum with the rate of capacity utilization (utilization) of 80 percent. In the past year, the company exported electrical equipment to a number of countries such as Japan, U.S., Asean region and the Middle East and Australia.
President Director of Japan AE Power Hirohiko Yatsuzuka said demand supporting machinery plant in the country this year so the company seeks to increase transfer most export sales to the domestic market.
"In the past year, our exports to reach 90 percent or approximately Rp162 billion of the total sales amounted to Rp180 billion, while sales into the country is still 10 percent. This year, we are targeting sales to the domestic portion could rise to 50 percent, "he said in Jakarta on Wednesday (14 April 2010).
General Manager of Japan AE Power Christiyono Soekamto add request engine-electric generator for power distribution switch gear in the form of a significant increase compared with 2009 as the Crash mega power plant 10 thousand megawatts (MW) Phase II.
"For us an order of PLN power plant a number of electrical equipment. In addition, we will realize an order from PT inalum (company aluminum ingots / bars) worth Rp24 billion in the form of high voltage gas circuit breaker (GCB), "he explained.
Until 2009, Japan AE Power has invested up to $ 29 million in EJIP Industrial Estate, Cikarang, Bekasi. In 2005, Hitachi Ltd. off a majority stake of 99 percent, so Japan AE Power became the majority shareholder, while one percent of shares held by Hitachi Asia Ltd. in Singapore.
The total current installed capacity reached 200 units / gas insulated switchgear (GIS) per annum with the rate of capacity utilization (utilization) of 80 percent. In the past year, the company exported electrical equipment to a number of countries such as Japan, U.S., Asean region and the Middle East and Australia.
Good for China Factory Relocation of Special Economic Zones
Head of Investment Coordinating Board (BKPM) Gita Wirjawan welcomed China's textile companies that will relocate its factory to Indonesia in a large scale.
According to him, this is good news, but this investment will be in contact with the government, not just with investors as it related to special economic zone.
"Currently, the government is designing a special economic zone (KEK) in some areas. We can not determine the area, but we must respond to this either," said Gita, in Jakarta, Wednesday (14 April 2010).
Gita said yesterday, the Indonesian government, represented by the Gita and the United States (U.S.) signatories conduct Investment Support Agreement-Overseas Private Investment Corporation (OPIC-ISA).
With the signing of this, he added, will create certainty to U.S. investors who will invest in Indonesia. "This has been discussed in the next five to six years ago, and just signed yesterday" he explained.
OPIC was established to mobilize and facilitate U.S. investment in developing countries. OPIC provides support in the form of insurance or reinsurance.
Agency will ensure U.S. companies from risks such as political turmoil or the freezing of capital exchange that has been ingrained into the exchange asing.OPIC also provide financing through loan guarantees or direct loans.
"The signing of this cooperation can further encourage direct investment or foreign direct investment (FDI) to Indonesia. Business opportunities in Indonesia is still very wide. The domestic market is so huge and the potential result of nature or a large energy is always interesting to make Indonesia an investment area "he said.
According to him, this is good news, but this investment will be in contact with the government, not just with investors as it related to special economic zone.
"Currently, the government is designing a special economic zone (KEK) in some areas. We can not determine the area, but we must respond to this either," said Gita, in Jakarta, Wednesday (14 April 2010).
Gita said yesterday, the Indonesian government, represented by the Gita and the United States (U.S.) signatories conduct Investment Support Agreement-Overseas Private Investment Corporation (OPIC-ISA).
With the signing of this, he added, will create certainty to U.S. investors who will invest in Indonesia. "This has been discussed in the next five to six years ago, and just signed yesterday" he explained.
OPIC was established to mobilize and facilitate U.S. investment in developing countries. OPIC provides support in the form of insurance or reinsurance.
Agency will ensure U.S. companies from risks such as political turmoil or the freezing of capital exchange that has been ingrained into the exchange asing.OPIC also provide financing through loan guarantees or direct loans.
"The signing of this cooperation can further encourage direct investment or foreign direct investment (FDI) to Indonesia. Business opportunities in Indonesia is still very wide. The domestic market is so huge and the potential result of nature or a large energy is always interesting to make Indonesia an investment area "he said.
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