Go Finance Reporting in JAKARTA - The ASEAN Economic Ministers meeting today is filled with interesting discussion. Economic inequality to the attention of the Vietnamese delegation.
As known previously determined the five sectors that can be developed discussion between trade and economic relations between ASEAN and the EU.
But for a discussion of Vietnam consists of five sectors of infrastructure, Agrifood, automotive, healthcare, and services still need support. Vietnam's rate is still much disparity among ASEAN countries on five sectors.
"Finish the five sectors of economic inequality between the ASEAN countries who wanted to be developed together with the European Union," said Chairman of the Delegation of Vietnam Nguyen Tan Dung in a meeting of the ASEAN Economic Ministers at the JCC, Senayan, Jakarta, Friday (05/06/2011).
In addition, the Vietnamese delegation also approved the proposal if the ASEAN more attention to the products and the development of small and medium businesses. (GoFinance)
Friday, May 6, 2011
::After Down, Oil Prices Rebound Thin>>
Go Finance Reporting in SINGAPORE - Oil prices rebounded back to the top level of USD100 per barrel in Asian trade as traders see oil prices after the sell cheaper priced massive advance.
As quoted by AFP on Friday (05/06/2011), crude West Texas Intermediate light sweet crude for June delivery rose 68 cents to USD100, 48 per barrel. Earlier, the price of light sweet crude is declining more than eight percent and parking at USD99, 80 on Thursday (05/05/2011). This is the first time oil prices fell below $ 100 since March 16.
While the price of Brent North Sea crude for June delivery rose 87 cents to USD111, 67 after falling more than USD 10 on Thursday night.
"Rarely in oil prices reached the lowest level. We watched some market players, they regard this as an opportunity to buy," said a senior principal of Purvin and Gertz energy consultants Victor Shum was quoted as saying by AFP.
Earlier, crude oil prices have tumbled on Thursday night after an unexpected commentary from European Central Bank President Jean-Claude Trichet. He expects the U.S. dollar value for rapid strengthening. Meanwhile, with the stronger dollar, meaning oil prices are transacted in dollars will become more expensive if used in other currencies. (GoFinance)
As quoted by AFP on Friday (05/06/2011), crude West Texas Intermediate light sweet crude for June delivery rose 68 cents to USD100, 48 per barrel. Earlier, the price of light sweet crude is declining more than eight percent and parking at USD99, 80 on Thursday (05/05/2011). This is the first time oil prices fell below $ 100 since March 16.
While the price of Brent North Sea crude for June delivery rose 87 cents to USD111, 67 after falling more than USD 10 on Thursday night.
"Rarely in oil prices reached the lowest level. We watched some market players, they regard this as an opportunity to buy," said a senior principal of Purvin and Gertz energy consultants Victor Shum was quoted as saying by AFP.
Earlier, crude oil prices have tumbled on Thursday night after an unexpected commentary from European Central Bank President Jean-Claude Trichet. He expects the U.S. dollar value for rapid strengthening. Meanwhile, with the stronger dollar, meaning oil prices are transacted in dollars will become more expensive if used in other currencies. (GoFinance)
::Fall, IHSG Back to 3700's Level>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) moves to weaken in line with Asian indices weakened. IHSG went back again to the level of 3700's.
IHSG, in late trade on Friday (05/06/2011) fell 17.72 points, or 0.46 percent to 3789.55. LQ45 down 4.05 points, or 0.6 percent, to 676.84 and the Jakarta Islamic Index (JII) fell 3.34 points, or 0.6 percent, to 523.48.
Asian index is still down this afternoon. Nikkei down 145 points or 1.45 percent to 9859, Hang Seng down 102.47 points, or 0.44 percent to 23,159 and Straits Times fell 6.05 points, or 0.19 percent to 3103.
However, European indexes moved in both directions. CAC rose 14.91 points, or 0.37 percent to 4019, DAX rose 17.19 points, or 0.27 percent to 7396 and the FTSE down 28.03 points, or 0.47 percent to 5891.
Sector advocates majority share index also weakened. Plantation sector, down 34.08 points, or 1.5 percent, mining sector, down 32.41 points or 1.0 percent and the financial sector fell 2.97 points, or 0.6 percent.
Transaction volume, there were 4.76 billion shares worth Rp 4, 47 trillion. As many as 155 stocks advanced, 82 fell and 93 shares of stock to stagnate.
Stocks that move down (top lossers) is PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.400 to Rp23.400, PT Goodyear Indonesia Tbk (GDYR) down 900 to Rp10.800 and PT United Tractors Tbk (UNTR) down 650 to Rp23.700.
While stocks rose (Top gainers), among others, PT Sona Topas Tourism Page (Sona) rose Rp500 to Rp2.675, PT Astra International Tbk (ASII) rose Rp350 to Rp56.600 and PT Bank Central Asia Tbk (BBCA) rose Rp150 to Rp7.300. (GoFinance)
IHSG, in late trade on Friday (05/06/2011) fell 17.72 points, or 0.46 percent to 3789.55. LQ45 down 4.05 points, or 0.6 percent, to 676.84 and the Jakarta Islamic Index (JII) fell 3.34 points, or 0.6 percent, to 523.48.
Asian index is still down this afternoon. Nikkei down 145 points or 1.45 percent to 9859, Hang Seng down 102.47 points, or 0.44 percent to 23,159 and Straits Times fell 6.05 points, or 0.19 percent to 3103.
However, European indexes moved in both directions. CAC rose 14.91 points, or 0.37 percent to 4019, DAX rose 17.19 points, or 0.27 percent to 7396 and the FTSE down 28.03 points, or 0.47 percent to 5891.
Sector advocates majority share index also weakened. Plantation sector, down 34.08 points, or 1.5 percent, mining sector, down 32.41 points or 1.0 percent and the financial sector fell 2.97 points, or 0.6 percent.
Transaction volume, there were 4.76 billion shares worth Rp 4, 47 trillion. As many as 155 stocks advanced, 82 fell and 93 shares of stock to stagnate.
Stocks that move down (top lossers) is PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.400 to Rp23.400, PT Goodyear Indonesia Tbk (GDYR) down 900 to Rp10.800 and PT United Tractors Tbk (UNTR) down 650 to Rp23.700.
While stocks rose (Top gainers), among others, PT Sona Topas Tourism Page (Sona) rose Rp500 to Rp2.675, PT Astra International Tbk (ASII) rose Rp350 to Rp56.600 and PT Bank Central Asia Tbk (BBCA) rose Rp150 to Rp7.300. (GoFinance)
::Stronger Dollar, Rupiah sinks into Rp8.600/USD>>
Go Finance Reporting in JAKARTA - The rupiah again fell to the level of per USD Rp9.600 this weekend. In contrast, all seemed equally currency weakened against the dollar.
Amount, according to the exchange rate of Bank Indonesia (BI) moves to weaken to Rp8.577 per USD compared to the previous day's trading at Rp8.566 per USD. Meanwhile, according yahoofinance, the rupiah weakened to be at the level of Rp8.602 per USD with a daily trading range in Rp8.582-Rp8.622 per USD.
Value of United States dollars (U.S.) observed rose above other currencies. Against the euro, the dollar climbed to 1.4534 per USD, pound weakened to 1.6391 per USD and the yen also weakened to 80.43 per USD.
Indonesian Securities analyst Samuel Lana Soelistianingsih explained if investors realized a gain of about 23 percent of commodity markets into assets in cash (U.S. dollars) to make the dollar strengthened, especially against Asian countries.
Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) moves to weaken to Rp8.577 per USD compared to the previous day's trading at Rp8.566 per USD. Meanwhile, according yahoofinance, the rupiah weakened to be at the level of Rp8.602 per USD with a daily trading range in Rp8.582-Rp8.622 per USD.
Value of United States dollars (U.S.) observed rose above other currencies. Against the euro, the dollar climbed to 1.4534 per USD, pound weakened to 1.6391 per USD and the yen also weakened to 80.43 per USD.
Indonesian Securities analyst Samuel Lana Soelistianingsih explained if investors realized a gain of about 23 percent of commodity markets into assets in cash (U.S. dollars) to make the dollar strengthened, especially against Asian countries.
Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Thursday, May 5, 2011
::5th ASEAN-EU Discuss Trade Sector>>
Go Finance Reporting in JAKARTA - Hope that will appear in increasing economic cooperation relations between the EU and ASEAN are very large. Both organizations also have a dialogue at the governmental level.
It is said Trade Minister Mari Elka Pangestu, during a press conference at the ASEAN-EU Summit Bussines, at JCC, Senayan, Jakarta, Thursday (05/05/2011).
"There is now way to enhance a comprehensive agreement between ASEAN and the EU, where Malaysia, Singapore has been conducting negotiations. Vietnam is preparing for negotiations. While Indonesia has prepared a vision to look ahead to explore how a comprehensive agreement," he said.
Let's assess the trade agreements that do need to include capacity building. For that, there are five sectors selected in this business meeting and should be parallel meetings. Five sectors are infrastructure, Agrifood, automotive, healthcare, and services.
He gave an example, in the field of automobile, Europe to increase investment by manufacturing to Asia and ASEAN markets. As for spare parts and components, ASEAN can produce to Europe and vice versa.
"comprehensive cooperation between Indonesia and Europe are built to be innovative. In that sense completely integrated between the need to increase investment and trade. As well as increasing our capacity as Indonesia to take advantage of the benefits of that cooperation," he said. (GoFinance)
It is said Trade Minister Mari Elka Pangestu, during a press conference at the ASEAN-EU Summit Bussines, at JCC, Senayan, Jakarta, Thursday (05/05/2011).
"There is now way to enhance a comprehensive agreement between ASEAN and the EU, where Malaysia, Singapore has been conducting negotiations. Vietnam is preparing for negotiations. While Indonesia has prepared a vision to look ahead to explore how a comprehensive agreement," he said.
Let's assess the trade agreements that do need to include capacity building. For that, there are five sectors selected in this business meeting and should be parallel meetings. Five sectors are infrastructure, Agrifood, automotive, healthcare, and services.
He gave an example, in the field of automobile, Europe to increase investment by manufacturing to Asia and ASEAN markets. As for spare parts and components, ASEAN can produce to Europe and vice versa.
"comprehensive cooperation between Indonesia and Europe are built to be innovative. In that sense completely integrated between the need to increase investment and trade. As well as increasing our capacity as Indonesia to take advantage of the benefits of that cooperation," he said. (GoFinance)
::ASEAN-European Union Economic Policies are suggested forms>>
Go Finance Reporting in JAKARTA - The meeting of ASEAN-EU business which opened today opened a major investment opportunities between the two areas.
"I encourage leaders to establish an ASEAN-EU economic policies that encourage investment and job creation," said Coordinating Minister Hatta Rajasa in the opening speech, the JCC, Senayan, Jakarta, Thursday (05/05/2011).
Hatta also expect this meeting to encourage the establishment of a platform of strong economic cooperation between ASEAN and European Union. In addition, he considers it important that encourages constant dialogue among the region's cooperation in economic relations.
Meanwhile EU Trade Commissioner Karel de Gucht expect this meeting to encourage investment in both regions.
"ASEAN-EU business meeting this first to create a trade relationship between the governments including the economic platforms of the two regions," said De Gutch.
According to him, looking at important EU free market will do in ASEAN. The meeting also discussed what should be done to strengthen economic relations between ASEAN and the EU. (GoFinance)
"I encourage leaders to establish an ASEAN-EU economic policies that encourage investment and job creation," said Coordinating Minister Hatta Rajasa in the opening speech, the JCC, Senayan, Jakarta, Thursday (05/05/2011).
Hatta also expect this meeting to encourage the establishment of a platform of strong economic cooperation between ASEAN and European Union. In addition, he considers it important that encourages constant dialogue among the region's cooperation in economic relations.
Meanwhile EU Trade Commissioner Karel de Gucht expect this meeting to encourage investment in both regions.
"ASEAN-EU business meeting this first to create a trade relationship between the governments including the economic platforms of the two regions," said De Gutch.
According to him, looking at important EU free market will do in ASEAN. The meeting also discussed what should be done to strengthen economic relations between ASEAN and the EU. (GoFinance)
::After Down, Gold Prices Stable Now>>
Go Finance Reporting in SINGAPORE - After falling for three consecutive days, gold prices appear stable. Meanwhile, silver prices go back down even one percent.
As reported by Reuters on Thursday (05/04/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.
Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at its lowest level for two and a half years.
The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.
Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days. (GoFinance)
As reported by Reuters on Thursday (05/04/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.
Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at its lowest level for two and a half years.
The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.
Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days. (GoFinance)
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