Plan capital markets in designing the new rules that separate account funds belong to the form of cash between securities companies and investors welcomed.
"This is very good, so it will not tarnish us really worked," said President Director of Asia Kapitalindo Mr Wim Alfatih when contacted, Monday (8 March 2010).
According to him, it was supposed to fund accounts and securities investors are using the system can be regulated by PT Indonesia Securities Clearing Guarantor (KPEI) and KSEI, without passing through brokerage accounts.
"So the broker only describe the information required by the customer and find information. And if the broker-owned funds is very large, it could give credit to the customer actually better, "he said.
He claimed there was no big problem, whether the rule will be created special rules or be included in the revision of existing rules. Most importantly, said Mr. Wim, the essence of these rules can be perceived by market participants.
He is also very much hope, but has issued a regulation, capital market regulators should also be diligent in order to introduce to the market the new rules that effectively minimize fraud and criminal cases in the capital market.
Chairman of Bapepam-LK Fuad Ahmad Ramany you previously said it planned to create the world's capital markets are more secure, so that some provisions and the new rules are to be published soon.
"Just wait a year to the next. Stock we have reform, so next year is far more secure, including brokers because we already have a program until mid-2011, "he said.
Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Tuesday, March 9, 2010
Value for Trade-Turkish Targeted Reach $ 3 Billion
The value of trade between Indonesia and Turkey that are targeted to reach $ 3 billion in 2011 from the current value of the newly reached USD1, 8 billion.
"Turkey wants our trade relations with them, two years from now if I could reach $ 3 billion from the current $ 1, 8 billion," said Chairman of the Permanent Committee of the Middle East Partnership, OIC, and Europe Fachri Thaib in Jakarta on Monday (8/3/2010 ).
But these targets, he said, would be difficult to achieve if the problem of dumping cases could not complete in the near future.
"The Indonesian government should be wise in dealing with this problem. If not, let alone $ 3 billion in 2011, $ 1, 8 billion would not be achieved. But if in one year is over, then, in 2011 there will be recovery of our trade with Turkey, "he explained.
Although dumping problems still exist, but Turkey, according to Fachri, still see Indonesia as a big prospect for the trade.
"At that time, the delegation they came, now, they see NAFED (National Export Development Agency), so this is a good sign, but dumping cases must be resolved, do not become barriers to trade," he stated.
Meanwhile, related to the possibility of Turkish direct investments in Indonesia, according to Fachri, in the near future is not yet there.
"They're investing a lot into Indonesia through intermediaries, such as through stock Temastek. If you want to invest, they chose to cooperate with domestic industry, for example, they become contributors to the funds or the quality control for goods to be exported to Turkey, "he explained.
"Turkey wants our trade relations with them, two years from now if I could reach $ 3 billion from the current $ 1, 8 billion," said Chairman of the Permanent Committee of the Middle East Partnership, OIC, and Europe Fachri Thaib in Jakarta on Monday (8/3/2010 ).
But these targets, he said, would be difficult to achieve if the problem of dumping cases could not complete in the near future.
"The Indonesian government should be wise in dealing with this problem. If not, let alone $ 3 billion in 2011, $ 1, 8 billion would not be achieved. But if in one year is over, then, in 2011 there will be recovery of our trade with Turkey, "he explained.
Although dumping problems still exist, but Turkey, according to Fachri, still see Indonesia as a big prospect for the trade.
"At that time, the delegation they came, now, they see NAFED (National Export Development Agency), so this is a good sign, but dumping cases must be resolved, do not become barriers to trade," he stated.
Meanwhile, related to the possibility of Turkish direct investments in Indonesia, according to Fachri, in the near future is not yet there.
"They're investing a lot into Indonesia through intermediaries, such as through stock Temastek. If you want to invest, they chose to cooperate with domestic industry, for example, they become contributors to the funds or the quality control for goods to be exported to Turkey, "he explained.
Partition Selection Bapepam Investors Fund Account
Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) is designing the new rules that would separate the form of funds in cash accounts of the company's securities and investors.
Bureau of Securities Transaction and Institution Nurhaida Bapepam-LK said, rules that require the separation of the trust fund is still in the stage and still shaped pengodokan initial concept. "Besides that, also not shown in the preparation of a draft," he said in Jakarta on Monday (8/3/2010).
Therefore, it can not be sure whether the future will be new rules about the obligations of the fund account separation or limited the rule to include in the revision of existing rules.
However, according to him, trust fund separation obligations that would parallel the other provisions in the implementation of Single Identity (SID). "Now, we are not sure whether the special rules required for that," he said.
The separation of the cash account is a proposal from the Indonesian Central Securities Custodian (KSEI) to the capital market regulator. Director KSEI Ananta Wiyogo explained, it is proposed to split the investor's cash accounts and securities firms to Bapepam-LK to be followed up.
Separation of cash accounts are part of the process of formation of SID. The reason, of separation facilities account current account new form of segregation effects, in which investors could use through ownership of Reference Securities (ACCESS).
"The separation of this cash account to secure funds from all risks of investors," he said. Because considered very important to secure the funds in the stock market investors, he hoped, the new rules can be published this year.
Bureau of Securities Transaction and Institution Nurhaida Bapepam-LK said, rules that require the separation of the trust fund is still in the stage and still shaped pengodokan initial concept. "Besides that, also not shown in the preparation of a draft," he said in Jakarta on Monday (8/3/2010).
Therefore, it can not be sure whether the future will be new rules about the obligations of the fund account separation or limited the rule to include in the revision of existing rules.
However, according to him, trust fund separation obligations that would parallel the other provisions in the implementation of Single Identity (SID). "Now, we are not sure whether the special rules required for that," he said.
The separation of the cash account is a proposal from the Indonesian Central Securities Custodian (KSEI) to the capital market regulator. Director KSEI Ananta Wiyogo explained, it is proposed to split the investor's cash accounts and securities firms to Bapepam-LK to be followed up.
Separation of cash accounts are part of the process of formation of SID. The reason, of separation facilities account current account new form of segregation effects, in which investors could use through ownership of Reference Securities (ACCESS).
"The separation of this cash account to secure funds from all risks of investors," he said. Because considered very important to secure the funds in the stock market investors, he hoped, the new rules can be published this year.
The Importance of Transparency in the Oil and Gas Industry Sector
Senior Consultant Revenue Watch Institute Sefton Darby said the importance of transparency in the extractive industries financial flows, such as oil and gas industry (oil), and mining.
"There needs to be transparency in funding from companies to state, local governments, and the public to avoid recriminations," Darby said during a public discussion Transparency of Oil and Gas Model Building in the Local Level, at the Harris Hotel, Jakarta, Monday (8/3/2010 ).
She told me, in some countries that are not transparent that he never visited, the people in a number of countries accused each other where the flow of funds come and go. "Therefore, transparency is here to stop the rumors that resulted in the state becomes unstable," he said.
She is also working for the extractive industries transparency initiative (EITI) International says, a country dependent on oil, gas, and mining, more attention need to ensure that payments by oil and mining companies to the state or local governments are reported in a transparent, credible, and easy to understand.
"Without transparency, it is very difficult to ensure that the wealth produced by the extractive industries to be sustainable development," he explained.
Transparency is thought to be done from small parties and from the smallest things. "If the small parties will not participate (transparent), then the parties to such BP Migas, I think they will not want transparent, too," said Darby.
Oil and gas exploration projects in the District and Bojonegoro Blora, East Java, for example. According to Darby, the project in both regions is extremely interesting and challenging.
The big challenge in Block Cepu, Blora regency, East Java, in comparison with other exploration projects, she continued, is because in this Cepu Block oil volume which is large enough, but only for a short time.
"For that, it becomes a challenge also for central government and local governments to spend funds or revenues from the oil," he said.
She told me, during the many oil-producing countries are bankrupt and indebted to the banks of the world because they can not spend the funds or income from the oil and gas well.
Therefore, she suggested that local governments and citizens are able to plan properly the use of oil funds are to build physical and social infrastructure that will endure long-lasting Cepu oil exceeded.
Back Darby warned, the role of BP Migas is very important here. "Of course transparency at the local level will not occur if there is no transparency at the national level," he said.
On the same occasion, Deputy Minister of Oil and Gas Ministry of Economic Coordinating M. Husen said the government is processing a presidential decree (decree) on the transparency of revenues and revenues from extractive industries.
"Still in the process of finalization, just waiting for the ratification or signature of some relevant ministers and presidents," said Husen.
"There needs to be transparency in funding from companies to state, local governments, and the public to avoid recriminations," Darby said during a public discussion Transparency of Oil and Gas Model Building in the Local Level, at the Harris Hotel, Jakarta, Monday (8/3/2010 ).
She told me, in some countries that are not transparent that he never visited, the people in a number of countries accused each other where the flow of funds come and go. "Therefore, transparency is here to stop the rumors that resulted in the state becomes unstable," he said.
She is also working for the extractive industries transparency initiative (EITI) International says, a country dependent on oil, gas, and mining, more attention need to ensure that payments by oil and mining companies to the state or local governments are reported in a transparent, credible, and easy to understand.
"Without transparency, it is very difficult to ensure that the wealth produced by the extractive industries to be sustainable development," he explained.
Transparency is thought to be done from small parties and from the smallest things. "If the small parties will not participate (transparent), then the parties to such BP Migas, I think they will not want transparent, too," said Darby.
Oil and gas exploration projects in the District and Bojonegoro Blora, East Java, for example. According to Darby, the project in both regions is extremely interesting and challenging.
The big challenge in Block Cepu, Blora regency, East Java, in comparison with other exploration projects, she continued, is because in this Cepu Block oil volume which is large enough, but only for a short time.
"For that, it becomes a challenge also for central government and local governments to spend funds or revenues from the oil," he said.
She told me, during the many oil-producing countries are bankrupt and indebted to the banks of the world because they can not spend the funds or income from the oil and gas well.
Therefore, she suggested that local governments and citizens are able to plan properly the use of oil funds are to build physical and social infrastructure that will endure long-lasting Cepu oil exceeded.
Back Darby warned, the role of BP Migas is very important here. "Of course transparency at the local level will not occur if there is no transparency at the national level," he said.
On the same occasion, Deputy Minister of Oil and Gas Ministry of Economic Coordinating M. Husen said the government is processing a presidential decree (decree) on the transparency of revenues and revenues from extractive industries.
"Still in the process of finalization, just waiting for the ratification or signature of some relevant ministers and presidents," said Husen.
Monday, March 8, 2010
Regional Give intake to JCI
Composite stock price index (JCI) at the close of trading earlier this week, stay in the safe zone and the more brilliant in the 2600 level. Positive sentiment was also seen coming from several regional exchanges as well as similar moves movement leading stocks that have succeeded in giving vitamins for stock index until this afternoon.
Stock index data at the close of trading Monday (8 March 2010) has observed afternoon sharply 47.679 points or 1.85% equal to the level of 2626.451. Meanwhile LQ45 index has risen to the position of 10.779 points to 513.027 and the Jakarta Islamic Index (JII) rose 10.728 points to 427.184 position.
Stock trading volume was recorded at 4.848 billion shares worth Rp3, 450 trillion, with total transactions reached 85,987. Shares have gained 144 cap stocks, and 43 weaker stocks, 81 stocks stagnate.
Shares that have been closed lower or top loser, such as PT Gudang Garam Tbk (GGRM) down Rp500 to Rp26.500, PT Tri Polyta Indonesia Tbk (TPIA) down Rp175 to Rp2.675, PT National Pension Savings Bank Tbk (BTPN) weakened Rp100 be Rp6.500, and PT Indah Kiat Pulp & Paper Tbk (INKP) fell Rp25 be Rp2.175.
Shares that have been close higher or top Gainer, among others, PT Astra International Tbk (ASII) Rp2.200 up to Rp39.900, PT Astra Agro Lestari Tbk (AALI) rose Rp700 to Rp24.400 position, and PT Sarana Tower Nusantara Tbk (TOWR) rose Rp520 to Rp1.570.
Stock index data at the close of trading Monday (8 March 2010) has observed afternoon sharply 47.679 points or 1.85% equal to the level of 2626.451. Meanwhile LQ45 index has risen to the position of 10.779 points to 513.027 and the Jakarta Islamic Index (JII) rose 10.728 points to 427.184 position.
Stock trading volume was recorded at 4.848 billion shares worth Rp3, 450 trillion, with total transactions reached 85,987. Shares have gained 144 cap stocks, and 43 weaker stocks, 81 stocks stagnate.
Shares that have been closed lower or top loser, such as PT Gudang Garam Tbk (GGRM) down Rp500 to Rp26.500, PT Tri Polyta Indonesia Tbk (TPIA) down Rp175 to Rp2.675, PT National Pension Savings Bank Tbk (BTPN) weakened Rp100 be Rp6.500, and PT Indah Kiat Pulp & Paper Tbk (INKP) fell Rp25 be Rp2.175.
Shares that have been close higher or top Gainer, among others, PT Astra International Tbk (ASII) Rp2.200 up to Rp39.900, PT Astra Agro Lestari Tbk (AALI) rose Rp700 to Rp24.400 position, and PT Sarana Tower Nusantara Tbk (TOWR) rose Rp520 to Rp1.570.
Rules regulation Revenue Transparency Will Immediately Designed
The government has built the draft rules of the President (regulation) of the transparency of state and local revenue that would be obtained from the extractive industries.
"Still in the process of completion, just waiting for the signing of several Ministers and the president," said Deputy Oil and Gas Economic Coordinating Ministry for Mr M Husen, while public discussion transparency Model Building in Local Level Oil and Gas, Jakarta, Monday (8 March 2010 ).
Mr. Husen explained extractive industries referred to in this regulation is the oil and gas and mining industries. In this regulation has also set about the formation of the extractive industries transparency transparency to the management of state and local revenues.
"The team is comprised of transparency directing team and administration team. Where the directing team will be headed by Coordinating Minister for Economic Affairs," said Mr. Husen.
Besides that, in this regulation have also been arranged on the oil and gas financing. Financing, continued Mr. Husen, can be obtained from the budget revenue and expenditure (budget) as well as other budget. "Cost can be obtained from the state budget, may also from other sources," he said.
Mr. Husen also said that after the regulation is passed will be given 3 months for non-governmental organizations (NGOs) who will be members of the executive team.
"Still in the process of completion, just waiting for the signing of several Ministers and the president," said Deputy Oil and Gas Economic Coordinating Ministry for Mr M Husen, while public discussion transparency Model Building in Local Level Oil and Gas, Jakarta, Monday (8 March 2010 ).
Mr. Husen explained extractive industries referred to in this regulation is the oil and gas and mining industries. In this regulation has also set about the formation of the extractive industries transparency transparency to the management of state and local revenues.
"The team is comprised of transparency directing team and administration team. Where the directing team will be headed by Coordinating Minister for Economic Affairs," said Mr. Husen.
Besides that, in this regulation have also been arranged on the oil and gas financing. Financing, continued Mr. Husen, can be obtained from the budget revenue and expenditure (budget) as well as other budget. "Cost can be obtained from the state budget, may also from other sources," he said.
Mr. Husen also said that after the regulation is passed will be given 3 months for non-governmental organizations (NGOs) who will be members of the executive team.
Sunday, March 7, 2010
What Happens When the Minister of Trade Watching Jazz Concert
Music was able to unite many people and does not distinguish the profession. Starting from top to bottom, anyone who does not like to enjoy the music.
Similarly, the Minister of Trade Mari Elka Pangestu, who attended the event Java Jazz Festival 2010, at Jakarta International Expo Kemayoran, 6 March 2010 Saturday morning.
That night he wrapped a black T-shirt image of Garuda Pancasila, and also wearing black pants looked relaxed enjoying the show when compared with the daily as Minister of Trade.
however, he was not just relax alone. But on a mission to introduce 100% Indonesian products to the visitors of the event was also attended by expatriates.
Mari was seen opening concert band Coklat, which was to be ambassador for the program from the Ministry of Trade "100% Love Indonesia".
"100 percent made in Indonesia, 100 percent love the music of Indonesia, 100 percent love Coklat (band name), foreword, coklat is the Ministry of Commerce ambassador," said Mari Elka Pangestu
Similarly, the Minister of Trade Mari Elka Pangestu, who attended the event Java Jazz Festival 2010, at Jakarta International Expo Kemayoran, 6 March 2010 Saturday morning.
That night he wrapped a black T-shirt image of Garuda Pancasila, and also wearing black pants looked relaxed enjoying the show when compared with the daily as Minister of Trade.
however, he was not just relax alone. But on a mission to introduce 100% Indonesian products to the visitors of the event was also attended by expatriates.
Mari was seen opening concert band Coklat, which was to be ambassador for the program from the Ministry of Trade "100% Love Indonesia".
"100 percent made in Indonesia, 100 percent love the music of Indonesia, 100 percent love Coklat (band name), foreword, coklat is the Ministry of Commerce ambassador," said Mari Elka Pangestu
Permission BCA's Sharia Finally Out
Bank Indonesia (BI) has issued a permit for the conversion of Bank Utama International Bank (UIB) to BCA Sharia early March 2010. BCA so that Sharia can be immediately operational.
"Permit conversion into Islamic BCA has been out since early March. So that already have business licenses and permits conversion, the Syariah BCA was able to operate," said Director of Bank Syariah Banking Ramzi A Zuhdi, last weekend.
In fact, the regulator already has rules in preparing all banks operating equipment for 2 months since the permit was issued.
But the bank itself, continued Mr. Ramzi, all preparations are completed. Bank BCA so that activities can be done quickly Sharia having obtained permission from conventional banks to Islamic banks. "They say they want April this move," he added.
But for sure the operation, Mr. Ramzi admitted to assign all BCA Sharia. To be sure, if a license is issued by the BI, then the next day, the bank can directly operate normally.
Unless there are technical problems that no handover from the old board (Bank UIB) to the BCA board of directors Sharia.
"Usually they prepare everything before the bank operates. Because they are still using the old board there must be a handover between UIB and BCA Bank Sharia," he said
"Permit conversion into Islamic BCA has been out since early March. So that already have business licenses and permits conversion, the Syariah BCA was able to operate," said Director of Bank Syariah Banking Ramzi A Zuhdi, last weekend.
In fact, the regulator already has rules in preparing all banks operating equipment for 2 months since the permit was issued.
But the bank itself, continued Mr. Ramzi, all preparations are completed. Bank BCA so that activities can be done quickly Sharia having obtained permission from conventional banks to Islamic banks. "They say they want April this move," he added.
But for sure the operation, Mr. Ramzi admitted to assign all BCA Sharia. To be sure, if a license is issued by the BI, then the next day, the bank can directly operate normally.
Unless there are technical problems that no handover from the old board (Bank UIB) to the BCA board of directors Sharia.
"Usually they prepare everything before the bank operates. Because they are still using the old board there must be a handover between UIB and BCA Bank Sharia," he said
Three Issuer in Warrant Conversion sure So Will Stocks
PT Matahari Putra Prima Tbk (MPPA) implement the conversion of warrants into 6000 Series I shares. Realization of the conversion is recorded on 8 March 2010 Monday tomorrow.
"Thus, the MPPA shares listed on the Stock Exchange a total of 4,763,605,906 shares, and warrants MPPA series I have not converted a number equivalent to 825,909,552 shares," said Acting Head of Stock Exchange Trading Division Mr Andre Toelle PJ in information disclosure in Jakarta, Sunday 8 March 2010.
On Monday tomorrow, too, will be the addition of 60 thousand shares in PT Trada Maritime Tbk (TRAM) which also comes from the conversion of warrants.
Thus, TRAM shares listed on the Stock Exchange amounted to 8,737,894,625 shares, while the warrants that have not been converted TRAM is numbered 993,905,375.
Similarly, PT Bank Danamon Tbk (BDMN) which will convert the Employee Stock Option Plan (ESOP) in stage II and III into 96,000 shares to be conducted on Monday. Where the ESOP Phase II of 43,500 shares and 52,500 stage III of the stock.
Furthermore, the equity coming from that recorded in BDMN BEI of 8,308,877,360 shares, while the right of stage II ESOP option which has not been converted is equivalent to 20,497,500 shares and option rights of ESOP Phase III which has not been converted amount equivalent to 9,950,500
"Thus, the MPPA shares listed on the Stock Exchange a total of 4,763,605,906 shares, and warrants MPPA series I have not converted a number equivalent to 825,909,552 shares," said Acting Head of Stock Exchange Trading Division Mr Andre Toelle PJ in information disclosure in Jakarta, Sunday 8 March 2010.
On Monday tomorrow, too, will be the addition of 60 thousand shares in PT Trada Maritime Tbk (TRAM) which also comes from the conversion of warrants.
Thus, TRAM shares listed on the Stock Exchange amounted to 8,737,894,625 shares, while the warrants that have not been converted TRAM is numbered 993,905,375.
Similarly, PT Bank Danamon Tbk (BDMN) which will convert the Employee Stock Option Plan (ESOP) in stage II and III into 96,000 shares to be conducted on Monday. Where the ESOP Phase II of 43,500 shares and 52,500 stage III of the stock.
Furthermore, the equity coming from that recorded in BDMN BEI of 8,308,877,360 shares, while the right of stage II ESOP option which has not been converted is equivalent to 20,497,500 shares and option rights of ESOP Phase III which has not been converted amount equivalent to 9,950,500
Central Bank of China to Islamabad Currency Stable
Central Bank of China (People Bank of China / PBOC) pledged to maintain the value of the yuan exchange rate to remain stable in 2010. With the stability of this currency will be supporting the growth of monetary policy.
As quoted in Reuters, Sunday 8 March 2010, China's banking authorities have twice this year instructed to immediately increase the proportion of deposits held, not to lend. This is done to avoid the excesses of the economy and restrain pertumuhan inflation.
However, unlike in Australia and Malaysia, China's central bank intends to raise interest rates. This makes investors became upset, the article how the government can quickly restore the funds that are used as the amount of monetary stimulus most extraordinary since the end of 2008.
"This is done to be consistent with a very simple manner, so that targeted policies will be better and more flexible. The various monetary policy instruments will be executed, and a combination of maturity of the structure of this instrument will be operational force for well organized," PBOC said not recently.
PBOC also said it would certainly ensure that the banking system has sufficient liquidity to keep things running smoothly.
"PBOC will guide financial institutions to accelerate the credit equally, as a way to prevent excessive fluctuations in the third quarter and the end of each month," he said
As quoted in Reuters, Sunday 8 March 2010, China's banking authorities have twice this year instructed to immediately increase the proportion of deposits held, not to lend. This is done to avoid the excesses of the economy and restrain pertumuhan inflation.
However, unlike in Australia and Malaysia, China's central bank intends to raise interest rates. This makes investors became upset, the article how the government can quickly restore the funds that are used as the amount of monetary stimulus most extraordinary since the end of 2008.
"This is done to be consistent with a very simple manner, so that targeted policies will be better and more flexible. The various monetary policy instruments will be executed, and a combination of maturity of the structure of this instrument will be operational force for well organized," PBOC said not recently.
PBOC also said it would certainly ensure that the banking system has sufficient liquidity to keep things running smoothly.
"PBOC will guide financial institutions to accelerate the credit equally, as a way to prevent excessive fluctuations in the third quarter and the end of each month," he said
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