Go Finance Reporting in JAKARTA - Continue strengthening of the rupiah against the U.S. dollar (U.S.) appears to begin to impact on Indonesia's exports.
Minister of Industry, MS Hidayat said, as a former businessman if he advocated the strengthening of the rupiah should have its limits. The strengthening rupiah was most ideal in the range of Rp8.700-Rp8.900 per USD.
"I encourage the strengthening of the rupiah was his limit. Must we peg Rp8.700-Rp8.900 per USD," said Hidayat, at the Shangri-La Hotel, Jakarta, Wednesday (05/04/2011).
However, Hidayat said the current strengthening of the rupiah is very helpful for government funding. Because the import of capital goods which do become cheaper, including imports of fuel oil (BBM). "(The strengthening of rupiah) is beneficial government, imports of light, and so on," he said.
However, he says, if it continues strengthening, then it can extinguish the spirit of Indonesian exporters due to the small margin they receive. "But do not forget, export margins will be reduced, that it will reduce the spirit of exporters," he concluded. (GoFinance)
Wednesday, May 4, 2011
Tuesday, May 3, 2011
::Gold Prices USD1.579/Ounce>>
Go Finance Reporting in SINGAPORE - The price of gold had gained a new record at the level of USD1.579 per ounce after the news of the death of al-Qaida leader Osama bin Laden.
As quoted by Reuters on Tuesday (05/03/2011), price of gold in the spot market parking at USD1.544, 86 per ounce. Earlier, in trading Monday 92/5/2011), commodity prices are moving volatile safe haven in USD1.540, 39 per ounce and its highest level in USD1.579, 75 per ounce.
Meanwhile, gold prices in the futures market fell 0.8 percent to USD1.545, 10, up from an intraday low at USD1.516, 20.
Gold prices look up and down on Monday after news of the death of Osama bin Laden in the US-led action. Decline in commodity market risk premium for short term only. Where gold and oil are feared to be a source of funding al-Qaeda.
Meanwhile, silver prices tumbled 8.5 percent on Monday, is the largest daily decline since December 2008. But, this morning the price of silver edged up 0.4 percent to USD44, 07. (GoFinance)
As quoted by Reuters on Tuesday (05/03/2011), price of gold in the spot market parking at USD1.544, 86 per ounce. Earlier, in trading Monday 92/5/2011), commodity prices are moving volatile safe haven in USD1.540, 39 per ounce and its highest level in USD1.579, 75 per ounce.
Meanwhile, gold prices in the futures market fell 0.8 percent to USD1.545, 10, up from an intraday low at USD1.516, 20.
Gold prices look up and down on Monday after news of the death of Osama bin Laden in the US-led action. Decline in commodity market risk premium for short term only. Where gold and oil are feared to be a source of funding al-Qaeda.
Meanwhile, silver prices tumbled 8.5 percent on Monday, is the largest daily decline since December 2008. But, this morning the price of silver edged up 0.4 percent to USD44, 07. (GoFinance)
::April, car sales in Japan Down 51%>>
Go Finance Reporting in TOKYO - Japan's domestic vehicle sales in April fell 51 percent, due to lack of supplies after the earthquake and tsunami on 11 March. Last month sales of sedan type vehicles, trucks, and buses only 108,824 units.
Automotive Dealers Association of Japan (Jada) said the decline due to a number of dealers supply car stalled, because the producers of the production would halt. According to Jada, the decline in sales this time is much higher than the 37 percent decline in March month, where there was a great disaster.
Based on data from Jada, the decline in April sales also is the largest since the association began regular sales record in 1968. The biggest decline in car sales in Japan also have occurred in May 1974, at which time the oil crisis. According to AFP, the current motor vehicle factories in Japan have been re-production. However, Jada still cautious anticipation of weak sales in May. The reason, analysts expect the shortage of supply of spare parts will still be held in the months ahead.
"The factory began to move again, but they are not yet fully operational. The possibility we will continue to feel the impact (of the disaster), "a spokesman said Jada was quoted as saying by Reuters.
Based on the manufacturer, Toyota Motor Corp. sales fell 68.7 percent to 35,557 units in April, Nissan Motor also recorded 37.2 percent sales decline to 17,413 units. Meanwhile, Honda has decreased by 48.5 percent to only 18,923 units. Last week, Japanese government data released industrial production decline of 15.3 percent for March. It was the sharpest decline since 1953 as the collapse of most of the factories owned by Japanese producers.
In addition, in the same month consumer sentiment also fell, in which Japanese household spending declined 8.5 percent in March compared to the previous year, marking the biggest decline since 1964. Although the sale of water and food surged as Japan's population accumulate inventories to their needs after the earthquake and Fukushima Daiichi nuclear crisis, a number of consumers still hold spending to spending items not considered essential.
Meanwhile in Paris, France Automotive Manufacturers Association (CCFA) yesterday stating the level of vehicle sales in April fell 11 percent compared to same period 2010. The fall in sales compared to last year due in April 2011, consumers no longer get purchase incentives like a year ago.
According to the Wall Street Journal, the French vehicle manufacturers expect the market will lose approximately eight percent growth, unlike the previous year. Overall, the market will not even predicted to soon reach the level before the crisis of 2008 and 2009, although a number of discounts applied. "If you take a benchmark on the basis of working days in April 2010, the annual sales last month fell 6.8 percent," said the CCFA.
Data April, far worse than the previous month increase that reached 6.1 percent. The French manufacturer that declined was the Renault Group sales by 19 percent. Fortunately, the decline was not followed by their units in Romania the Dacia, whose sales actually rose 6.6 percent. The decrease in sales was also experienced rival Renault, PSA Peugeot-Citroen, by 21 percent annually. The details, the brand Peugeot Citroen fell 22 percent and 20 percent weaker. (GoFinance)
Automotive Dealers Association of Japan (Jada) said the decline due to a number of dealers supply car stalled, because the producers of the production would halt. According to Jada, the decline in sales this time is much higher than the 37 percent decline in March month, where there was a great disaster.
Based on data from Jada, the decline in April sales also is the largest since the association began regular sales record in 1968. The biggest decline in car sales in Japan also have occurred in May 1974, at which time the oil crisis. According to AFP, the current motor vehicle factories in Japan have been re-production. However, Jada still cautious anticipation of weak sales in May. The reason, analysts expect the shortage of supply of spare parts will still be held in the months ahead.
"The factory began to move again, but they are not yet fully operational. The possibility we will continue to feel the impact (of the disaster), "a spokesman said Jada was quoted as saying by Reuters.
Based on the manufacturer, Toyota Motor Corp. sales fell 68.7 percent to 35,557 units in April, Nissan Motor also recorded 37.2 percent sales decline to 17,413 units. Meanwhile, Honda has decreased by 48.5 percent to only 18,923 units. Last week, Japanese government data released industrial production decline of 15.3 percent for March. It was the sharpest decline since 1953 as the collapse of most of the factories owned by Japanese producers.
In addition, in the same month consumer sentiment also fell, in which Japanese household spending declined 8.5 percent in March compared to the previous year, marking the biggest decline since 1964. Although the sale of water and food surged as Japan's population accumulate inventories to their needs after the earthquake and Fukushima Daiichi nuclear crisis, a number of consumers still hold spending to spending items not considered essential.
Meanwhile in Paris, France Automotive Manufacturers Association (CCFA) yesterday stating the level of vehicle sales in April fell 11 percent compared to same period 2010. The fall in sales compared to last year due in April 2011, consumers no longer get purchase incentives like a year ago.
According to the Wall Street Journal, the French vehicle manufacturers expect the market will lose approximately eight percent growth, unlike the previous year. Overall, the market will not even predicted to soon reach the level before the crisis of 2008 and 2009, although a number of discounts applied. "If you take a benchmark on the basis of working days in April 2010, the annual sales last month fell 6.8 percent," said the CCFA.
Data April, far worse than the previous month increase that reached 6.1 percent. The French manufacturer that declined was the Renault Group sales by 19 percent. Fortunately, the decline was not followed by their units in Romania the Dacia, whose sales actually rose 6.6 percent. The decrease in sales was also experienced rival Renault, PSA Peugeot-Citroen, by 21 percent annually. The details, the brand Peugeot Citroen fell 22 percent and 20 percent weaker. (GoFinance)
::Death of Osama trigger sinkhole Dow Jones Cs>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.), weakened by the effects of the death of Osama bin Laden that made investors stop the continuation of the strengthening of the stock index.
The death of bin Laden by U.S. forces is causing confusion in financial markets. Dow Jones also had weakened to 92 points from its highest position when the news broke.
"His death should not affect the market much. But market participants view the world seems to be moving better, and it affects the stock market," said investment adviser and portfolio manager of Cozad Asset Management, Bryant Evans, as quoted by Reuters in Champaign, Illinois.
Shares of energy and materials sectors are the sectors that weakened the most significant moves. Investors looking to sell on the shares. S & P energy index fell by 1.3 percent.
U.S. crude oil prices move lower following the death of al-Qaeda leaders, while the price of silver was also observed to fall after record highs recently. The stock market was also helped by the announcement of mergers and acquisitions, reflecting optimism about the long-term prospects.
At the close of trading on Monday (05/03/2011) local time, the Dow Jones Industrial fell 3.18 points, or 0.02 percent, to 12807.36. The broader Standard & Poor's 500 index dropped 2.39 points, or 0.18 percent to 1361.22. And the Nasdaq Composite Index fell 9.46 points, or 0.33 percent to 2864.08. (GoFinance)
The death of bin Laden by U.S. forces is causing confusion in financial markets. Dow Jones also had weakened to 92 points from its highest position when the news broke.
"His death should not affect the market much. But market participants view the world seems to be moving better, and it affects the stock market," said investment adviser and portfolio manager of Cozad Asset Management, Bryant Evans, as quoted by Reuters in Champaign, Illinois.
Shares of energy and materials sectors are the sectors that weakened the most significant moves. Investors looking to sell on the shares. S & P energy index fell by 1.3 percent.
U.S. crude oil prices move lower following the death of al-Qaeda leaders, while the price of silver was also observed to fall after record highs recently. The stock market was also helped by the announcement of mergers and acquisitions, reflecting optimism about the long-term prospects.
At the close of trading on Monday (05/03/2011) local time, the Dow Jones Industrial fell 3.18 points, or 0.02 percent, to 12807.36. The broader Standard & Poor's 500 index dropped 2.39 points, or 0.18 percent to 1361.22. And the Nasdaq Composite Index fell 9.46 points, or 0.33 percent to 2864.08. (GoFinance)
::Rupiah Depressed Strengthening Dollar>>
Go Finance Reporting in JAKARTA - The rupiah weakened seem slim this time. In contrast, the United States dollar (U.S.) time has intensified.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/03/2011) thin weakened to Rp8.554 per USD compared with the previous trading period in Rp8.551 per USD.
Meanwhile, according yahoofinance, parking in Rp8.552 rupiah per USD with a daily trading range in Rp8.535-8562 per USD. Depressed the rupiah is likely due to the strengthening U.S. dollar. The euro weakened to 1.4797 per USD, pounds to 1.65 per USD and the Australian dollar weakened to 1.0882 per U.S. dollar.
Previously, Senior Resident Representative International Monetary Fund (IMF) Milan Zavadjil assess that the rupiah still has room to have strengthened in 2011. "amount can still be appreciated. Their value alone is currently still in the range of balance, so do not over-value or under value," said Milan.
He explained that the strengthening of the rupiah, will not reduce the competitiveness of Indonesia Asian region. "In Indonesia, the rupiah strengthened, but still real effective exchange rate as of March 2011 was in positive position. So it's very good," said Milan.
He said when you see the value of currencies in Asian countries as a whole, he continued, have a tendency to under value. Where most can not reach an effective level since suffering a crisis in 2008. "Most are not too appreciated than in 2006-2007 (before the crisis)," he said. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/03/2011) thin weakened to Rp8.554 per USD compared with the previous trading period in Rp8.551 per USD.
Meanwhile, according yahoofinance, parking in Rp8.552 rupiah per USD with a daily trading range in Rp8.535-8562 per USD. Depressed the rupiah is likely due to the strengthening U.S. dollar. The euro weakened to 1.4797 per USD, pounds to 1.65 per USD and the Australian dollar weakened to 1.0882 per U.S. dollar.
Previously, Senior Resident Representative International Monetary Fund (IMF) Milan Zavadjil assess that the rupiah still has room to have strengthened in 2011. "amount can still be appreciated. Their value alone is currently still in the range of balance, so do not over-value or under value," said Milan.
He explained that the strengthening of the rupiah, will not reduce the competitiveness of Indonesia Asian region. "In Indonesia, the rupiah strengthened, but still real effective exchange rate as of March 2011 was in positive position. So it's very good," said Milan.
He said when you see the value of currencies in Asian countries as a whole, he continued, have a tendency to under value. Where most can not reach an effective level since suffering a crisis in 2008. "Most are not too appreciated than in 2006-2007 (before the crisis)," he said. (GoFinance)
::Session I, IHSG Down 33 Points>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) on the first trading session this afternoon observed the sinkhole. Profit taking following the slump in Wall Street makes IHSG weakened inside.
IHSG Tuesday (05/03/2011) observed slumped 33.04 points, or 0.9 percent to a level equivalent to 3816.26. While the LQ45 index fell 6.55 points to 680.80 and the Jakarta Islamic Index (JII) fell 4.04 points to 528.09.
All domestic sectors also recorded sinkhole follow the movement of Asian and global stock exchanges that are in the red line. Where is the sector that experienced the deepest weakening 19.93 points, namely the mining sector and the plantation sector fell 10.46 points.
The value of transactions stood at Rp1, 46 trillion by volume amounted to 2.86 billion shares. As many as 67 stocks advanced, 159 stocks fell, and 75 shares remain stagnant.
Stocks that rose namely PT Sarana Tower Nusantara Tbk (TOWR) rose Rp500 to Rp11.000, PT Mayora Indah Tbk (MYOR) rose 300 to Rp11.700, and PT Duta Pertiwi Tbk (DUTI) rose Rp235 to Rp2.125.
While the stocks that fell among PT Indosprings Tbk (inds) down Rp1.300 to Rp11.900, PT Astra International Tbk (ASII) down Rp450 to Rp56.200, and PT Indocement Tbk (INTP) down Rp300 to Rp16 .800. (GoFinance)
IHSG Tuesday (05/03/2011) observed slumped 33.04 points, or 0.9 percent to a level equivalent to 3816.26. While the LQ45 index fell 6.55 points to 680.80 and the Jakarta Islamic Index (JII) fell 4.04 points to 528.09.
All domestic sectors also recorded sinkhole follow the movement of Asian and global stock exchanges that are in the red line. Where is the sector that experienced the deepest weakening 19.93 points, namely the mining sector and the plantation sector fell 10.46 points.
The value of transactions stood at Rp1, 46 trillion by volume amounted to 2.86 billion shares. As many as 67 stocks advanced, 159 stocks fell, and 75 shares remain stagnant.
Stocks that rose namely PT Sarana Tower Nusantara Tbk (TOWR) rose Rp500 to Rp11.000, PT Mayora Indah Tbk (MYOR) rose 300 to Rp11.700, and PT Duta Pertiwi Tbk (DUTI) rose Rp235 to Rp2.125.
While the stocks that fell among PT Indosprings Tbk (inds) down Rp1.300 to Rp11.900, PT Astra International Tbk (ASII) down Rp450 to Rp56.200, and PT Indocement Tbk (INTP) down Rp300 to Rp16 .800. (GoFinance)
Monday, May 2, 2011
::Osama Bin Laden Leave a Legacy Corp.>>
Go Finance Reporting in JAKARTA - Osama Bin Laden had been killed at the hands of U.S. military operations. Many people judge, killing terrorists left the ideology of jihad in various parts of the world.
The most wanted men on the World Trade Center tragedy of 11 September 2001, currently has a stake in the Bin Laden Corporation. He is the holder of 13 percent shares of the company.
Initially, the value of ownership in family firms is equivalent to $ 80 million. But, the value of those shares increases in some time to USD250 million.
As quoted from sourcewatch.org, Mohamed bin Laden, Osama's father is the founder of the Bin Laden Group. The father has close contact with officials of Saudi Arabia. As a result of government projects had flowed freely.
The company is also growing rapidly by employing 35 thousand employees around the world. The value of this company was estimated to reach $ 5 billion in 2002. Mohamed has four wives and 52 children. When Mohamed died, Osama get a 13 percent stake in the company, worth $ 80 million.
Since its founding in 1950, Bin Laden Group has experienced several transformations. Companies that initially only focus on Saudi Arabia, to expand its business into the Middle East.
Companies also avoid U.S. sanctions because there is the name of Bin Laden at the end of the name Osama. Although it is burdensome, Bin Laden's group has a healthy record. As a result, the family had cut off ties with Osama due to the terror acts.
Bin Laden Group has ownership stakes in several companies engaged in telecommunications, real estate and oil and gas. All projects were concentrated in the Arabian Peninsula, though so this company does have several branches in the United States (U.S.) and Europe. (GoFinance)
The most wanted men on the World Trade Center tragedy of 11 September 2001, currently has a stake in the Bin Laden Corporation. He is the holder of 13 percent shares of the company.
Initially, the value of ownership in family firms is equivalent to $ 80 million. But, the value of those shares increases in some time to USD250 million.
As quoted from sourcewatch.org, Mohamed bin Laden, Osama's father is the founder of the Bin Laden Group. The father has close contact with officials of Saudi Arabia. As a result of government projects had flowed freely.
The company is also growing rapidly by employing 35 thousand employees around the world. The value of this company was estimated to reach $ 5 billion in 2002. Mohamed has four wives and 52 children. When Mohamed died, Osama get a 13 percent stake in the company, worth $ 80 million.
Since its founding in 1950, Bin Laden Group has experienced several transformations. Companies that initially only focus on Saudi Arabia, to expand its business into the Middle East.
Companies also avoid U.S. sanctions because there is the name of Bin Laden at the end of the name Osama. Although it is burdensome, Bin Laden's group has a healthy record. As a result, the family had cut off ties with Osama due to the terror acts.
Bin Laden Group has ownership stakes in several companies engaged in telecommunications, real estate and oil and gas. All projects were concentrated in the Arabian Peninsula, though so this company does have several branches in the United States (U.S.) and Europe. (GoFinance)
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