Darwin Financial Investing

Government still had to seek fresh funds in order to realize food estate in Merauke, Papua. Public Works Minister Djoko Kirmanto said the government needs at least hundreds of trillions of rupiah to make it happen.

“It must be hundreds of T (trillion) is,” he said in the office of Coordinating Minister for Economy, Monday (21/06/2010). However, when the confirmed number of 10 billion U.S. dollars, or around Rp 100 trillion, Djoko was not immediately confirmed. According to him, was in the range of these figures.

The funds will be used for infrastructure development related to food ideals estate, including construction of roads between provinces and districts to connect production sites, ports, electricity and irrigation systems including water resources.

Djoko is still reluctant to disclose where the government will seek funding needs. He emphasized that the program be established first. Moreover, he continued, the need in 2010 as the first year also did not directly equal to it. “It’s ok the new road. New budget will be discussed again,” he added.

admin | finance | 01 28th, 2011 | No Comments »

China’s decision to allow its currency to float more freely triggers rally on Wall Street on Monday (6/21/2010), with investors confident that a sustainable global economic recovery.

Dow Jones Industrial Average jumped 125.16 points (1.20 percent) at the opening to 10575.80.

The Nasdaq technology index rose 26.29 points (1.14 percent) to 2336.09 and the broader market index S & P 500 rose 12.14 points (1.09 percent) at 1129.65.

China Yuan reached highest level in five years on Monday after authorities allowed the currency more flexible in what is widely seen as a bid to avoid confrontation with Washington at the G20 summit this weekend in Canada.

United States has accused Beijing of unfair advantage in trade through Tura value of its currency that is not actually stated kedaan.

Yuan rises to around 6.7969 against the U.S. dollar in trading in China on Monday – strongest level since July 2005 but still within a tight trading and analysts say Beijing is not a sign of China’s promise of a big revaluation.

admin | Forex | 01 28th, 2011 | No Comments »

Ministry of State Owned Enterprises (SOEs) to confirm the number of state-owned enterprise tax arrears worth Rp 7.6 trillion. Yesterday, the Director General of Taxes Tjiptardjo said state tax arrears up to now reached Rp 7.6 trillion.

According to the Secretary of the Ministry of SOEs Said Didu, state-owned enterprise arrears data must be distinguished in several categories. “So the number is not all SOE really owe taxes,” he said today (29.1.2010).

Categories can be distinguished between SOEs that are delinquent taxes, taxes on state-run companies are still in dispute, and tax arrears are yet to be direkonsoliasikan data.

Said claims, there are three companies that actually owe taxes, namely PT Djakarta Lloyd, PT Merpati Nusantara and PT Nusantara XIV Perkebungan. “There was a delinquent, but only three companies,” said Said, who also serves as a commissioner of PT Merpati Nusantara this.

He said, three companies because of tax arrears are still facing financial problems. If the three companies were ordered to pay all arrears, would not be able to. “If asked to pay all, go broke,” he said.

According to him, which is still state-owned companies big tax categorized tunggakannya dispute status. “DG (Directorate General) still thinks that tax disputes are considered delinquent status,” he added.

In addition to the three categories of distinction, who want to offer the solution is to convert debt Said tax. Tax debt could be converted into capital or the state government covered it. “But, later to be discussed first with the House of Representatives (DPR),” he said.

As information, in addition to three companies actually owe, there are some state-owned companies are still in dispute in tax court. They are PT Jamsostek, PT Semen Tonasa, and PT Angkasa Pura.

In addition, there are two companies that still have a tax problem, namely PT Garuda Indonesia and PT Bank Negara Indonesia Tbk (BNI). According to Said, the two companies entered in the category of data reconciliation for company management claimed not to know there is a problem in the company’s taxes.

admin | finance | 11 30th, 2010 | No Comments »

- Step in the Government of China made its currency, the yuan, to be more flexible assessed both for the trade impact of Indonesia. Indonesian products more competitive with products from China that have been flooding the domestic and global markets.

“If yuan strengthened, she will not sekompetitif as before. Here, our competitiveness will be further bargaining with China,” said Vice-Chairman Investments Division Chamber of Commerce and Industry (Kadin) Indonesia Chris Kanter on the sidelines of economic forum by Ernst and Young in Graha Niaga, Monday (6/21/2010).

Chris welcomes these developments because the decision was long overdue and encouraged. Chris saw that China can not abandon the norms that are used internationally.

According to him, open world was inevitable. “Therefore, we should strengthen and empower our competitiveness so that our competitiveness with China being the same,” he said.

admin | Economy | 11 9th, 2010 | No Comments »