The details: 84 732 ATM cards cards growth or increased 2.36 percent compared to the position in March 2010, from 3.60 million to 3.68 million cards cards. As for debit cards grew from 42.28 million 495 517 cards in the card in March 2010 to 42.78 million cards.

Nevertheless, the value of an ATM card transactions and debit card declined. ATM card declined 4.23 percent amounting to Rp 134.87 billion. As of March 2010, the value of an ATM card transactions is still USD 3.19 trillion. However, in April 2010 the transaction value to Rp 3.05 trillion. While the value of debit card transactions slumped 4.58 percent, or Rp 7.24 trillion, from Rp 158.2 trillion to Rp 150.97 trillion.

Currently, there are 89 ATM and debit card issuers that consists of 47 bank issuing the ATM card and debit card issuing bank 42. As of March 31, 2010, three new ATM card issuer, namely the People’s Credit Bank (BPR) Danagung Abadi, PT BPR Danagung Ramulti, and PT BPR Danagung Bakti.

Thick 100-page book contains four chapters consist of macroeconomic conditions and the real sector, financial sector, infrastructure finance and risk mitigation, and the prospects for Indonesia’s financial system.

BI Deputy Governor Muliaman D Hadad said in the preface of the book world economy already showing signs of recovery yet the global crisis still has not fully ended.

In fact, he continued, in recent time new problems arise internationally among other diYunani fiscal crisis.

Described the turmoil in the international economy could soon spread and influential to the Indonesian economy. “High vigilance Karenaitu keuagan sector need to watch and be maintained,” he said.

Financial System Stability Bureau Chief BI Womboh Santoso said all systems on the condition of the economy, particularly the latest situation in the financial system and the prediction of the future are shown in this book. “This way we conduct surveillance. To do the analysis and see what needs to be aware of the future. We see the macro economy. The extent to which the exchange rate and not harmful,” he said.

In this book described a number of data and facts, especially about the condition of the ground water banking as a case of fraud at the ATM cards and ATM / Debit, credit card risk mitigation, funding and liquidity risk, interbank money market (interbank money market), capital, capital markets, insurance performance , and so forth. This book is not traded but used only for academic study

That, after delivering a lecture he had his financial management Financial Management at the National Seminar and Workshop in Regional Inter-Regional Cooperation in Purwokerto, Banyumas district, Thursday (6/10/2010). “This amount is still high, and still must continue to be improved,” he said.

Arising says, there are two main problems that caused the financial reporting area is still bad. The first problem, the human resources that deal with financial management in most local governments are not handled by professionals. The second problem, recording regional asset still less attention of local government.

“In fact one of the causes destruction of local balance is due to assets that do not properly recorded,” he said.

Ministry of Manpower and Transmigration RI and IMM Japan today,  approved the amendment to the implementation of the memorandum of understanding to Japan apprenticeship program, the office of the Ministry of Manpower and Transmigration, Jakarta. The signing of a Memorandum of Understanding amendments made by the Minister of Manpower and Transmigration Muhaimin Iskandar and President of IMM Japan Kyoe Yanagisawa.

According to the minister Muhaimin Iskandar, the implementation of cooperation programs in Japan apprenticeship actually been going on for about 17 years. However, as changes to employment regulations and conditions of the Japanese economy today is an amendment to the memorandum of understanding which already exists.

“We Japanese have the Employment Act so that the new memorandum of understanding that already exists also require adjustments and amendments. Well, today, a new memorandum of understanding was signed,” he explained.

Minister added, Employment Act new Japanese better. “Laws that put workers in Indonesia a better position with the same rights as Japanese workers. Some Japanese companies also raised the current standard of wages of interns from Indonesia,” he said.

For information, apprenticeship program to Japan have been conducted since 1993 up to December 2009 and has managed to dispatch as many as 29,587 interns from Indonesia to Japan. Meanwhile, the current workers who still run apprenticeship programs in Japan amounted to 5668 people.

Apprenticeship program, held in Japan for 3 years. The Indonesian trainee placed in various companies spread in Japan with approximately 56 areas of work, especially in the field of manufacturing industry.

Oversea-Chinese Banking Corporation Limited (OCBC Bank) officially completed the acquisition of ING Asia Private Bank Limited and its subsidiaries (IAPB) based in Singapore with an investment of around U.S. $ 1.45 million or $ 2.02 Sin million.

With the completion of the acquisition process, the IAPB now renamed Bank of Singapore Limited (the Bank of Singapore), officially became a subsidiary wholly owned by OCBC Bank.

Bank of Singapore will be led by Renato (Bing) de Guzman, who previously also served as CEO IAPB. All the Private Banking business activities IAPB and OCBC Bank will be merged and operate as Bank of Singapore.

Thus the Bank of Singapore will become a leading Private Banking in Asia which has more than 7.000 customers with total customer funds managed some U.S. $ 23 billion. This reinforces a unique position as the only Private Banking, headquartered in Singapore.

David Conner, CEO of OCBC Bank said the success of this acquisition marks an important milestone in our private banking activities. With increasing scale, will bring significant benefits both for customers IAPB Private Banking and OCBC.

“We are committed to continue investing in Private Banking business and provide services which better meet the needs of our customer’s high networth,” said David Conner, CEO of OCBC Bank in a press release yesterday.

Renato (Bing) de Guzman, CEO of Bank of Singapore, said he believed Bank of Singapore will continue to grow and reach a huge market today or in the future.

“We will always focus to attract some of the best Private Banking employees of existing and new to achieve long-term growth and professional development, as part of the OCBC Group.”

OCBC Bank, founded in 1912 and is a financial group by assets, the second largest in Southeast Asia. OCBC Bank have a long-term credit ratings of Aa1 from Moody’s.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and China. Having a network of more than 490 branches and representative offices in 15 countries and regions, including 390 branches and offices in Indonesia operated by OCBC Bank NISP as subsidiaries.

OCBC Bank’s subsidiary engaged in the Great Eastern Insurance Holdings, while other subsidiaries engaged in asset management services, Lion Global Investors, is one of the largest asset management companies in Southeast Asia.

Sri Mulyani explained that the program setting the salaries of state officials have been discussed with the Ministry of Administrative Reform (PAN) and the House of Representatives (DPR). However, Finance Minister did not explain when the discussion was conducted.

“Have you ever discussed about the arrangement, but it all until today not been implemented,” Sri Mulyani said after accompanying the President in the event Feed the World, hosted Chamber of Commerce, Friday (29/1/2010).

The reason, because there are still some things that have not been resolved. Unfortunately, Sri Mulyani reluctant to explain in more detail what the reason. However, Ministry of Finance to ensure that no salary increase plan. “There is no raise, just calm down,” said Sri Mulyani.

Sri Mulyani added, together with the Ministry of PAN has surveyed all state officials, among others, the ministers, Chairman of the House of Representatives, Chairman of the DPD, Chairman of the Assembly, governors, regents / mayor, the Chief Justice, and Chief Justice Kosntitusi. According to Sri Mulyani, the survey was conducted to see equality and balance of each officer in carrying out their duties and functions.

“What I do with that time Minister of PAN is made of scenarios to create a harmony,” he said.

Earlier, Chairman of the House Budget Harry Azhar Azis admitted that the Parliament and government have agreed to raise the state officials. Big budget allocated Rp 158 trillion

Mega Launch Corporate Card is done first at the Ritz-Carlton, Mega Kuningan, Jakarta, Thursday (28/1/10) by the Director of Retail Thayib Kostaman Bank Mega. Present a number of CEO and chairman of the leading companies in Indonesia.

The presence of Mega Corporate Card in addition to a backdrop of a very high potential in the corporate market, diversification of credit card products, optimize the bank’s risk management, and also to increase the sales volume of credit card Bank Mega. Until the end of December 2009, the performance of Mega Bank credit cards has reached 650,734 cards, up 33 percent compared to the same month in 2008, the 491,835 cards.

In this launch, Vikram Kshettry, Director, Business Development Commercial Solutions, Asia Pacific business and explain the system Visa International credit cards, while Chris Pok, Commercial Manager of Indonesia – Singapore Airlines to explain corporate programs.

According to Kostaman, as new products, Mega Corporate Card targeting large corporate market and are in daily medium dominated by transactions which require high-speed and urgenitas.

Therefore, Mega Corporate Card is designed with features that provide superior comfort not only trade, but for a dynamic individual card is also equipped with facilities and special offers to meet the needs of professionals.

Corporate credit card was launched considering the business world increasingly demanding flexibility especially in terms of answering the needs of travel and entertainment business is currently moving toward globalization. Many companies need the right solutions, effective and efficient not only to facilitate the monitoring functions for the company officials who travel a lot or lots posted outside the office, but also the speed and ease of doing these activities.

One of the banking facilities which are generally used in conducting official business trips in / out of the country is a credit card

There are two types of credit cards that give the Central Mega Corporate Accounts; Virtual Card, which the company provided only numbers without the physical card account and is generally used to make transactions of a general nature for the company, such as payments for procurement, vendor, and routine bills.

Also Mega Corporate Card, Corporate cards given to individuals based on the company’s request, such as for the cost of official travel, client entertainment.

“Yes, if the data distribution of foreign bank loans down his usual stuff.’s Seasional, so volatile,” he said, after a press conference launching Priority Banking, at Hotel Mulia Jakarta, Wednesday (27/1/2010).

Known, foreign bank loans from 2009 until early October 2009 the position (year to date) decreased by 18.1 percent. Since early 2009, the distribution of credit from foreign banks fell 18.1 percent from Rp 115.5 trillion to Rp 97.8 trillion. The decline is supported by the decrease in foreign currency loans fell 36.7 percent from Rp 65.6 trillion to Rp 48.1 trillion.

So was what happened from September to the position in October 2009. Credit forex foreign banks fell 4.6 percent from Rp 50.2 trillion to Rp 48.1 trillion. And the credit of the rupiah currency rose just 2.1 percent thinner than Rp 48.7 trillion to Rp 49.7 trillion.

Lani said, credit growth continued to decline due to interest customers who experienced a decline. “Most of them much more needs to pay employee salaries, school fees, and so on,” said an example.

Not a few migrant workers who were forced to leave beloved Dubai as the financial crisis that hit Dubai. Friends Mahmoud Tamimi said that as a syndrome of Dubai. Tamimi (31) has a nice apartment and a job in Dubai. Luxury apartment, a salary of 3700 U.S. dollars per month or about USD 35 million. The amount is tens of times more than the salary he received in his hometown, Jordan.

The situation is reversed last year. The financial crisis makes Tamimi lost their jobs. Because the apartment must be returned to the company when he was dismissed, Tamimi had to get out of the apartment.

Currently she huddled in a small apartment with his wife and two children and seven other family members in the slum area in Amman, Jordan. He is now looking for a job whose salary is obviously much smaller than he received in Dubai.

Fall Dubai not only affect the situation in the country town. Big promises the people in the financial sector of the financial miracle of Dubai is also increasingly in doubt. In fact, before the financial crisis on Dubai, engorgement of economic growth in Dubai has forced migrant workers, such as Tamimi, returned to his hometown.

Back to the country of origin for re-Tamimi is a small salary and face employment shortages in the country.

Shipments declined

The situation is affecting families in the Middle East is highly dependent on transfers from migrant workers in the Persian Gulf region and keemiratan like Dubai.

Of course, bad news from Dubai is also bad news for the Arab world is experiencing economic stagnation, high unemployment and low wages that have been frustrating the youth there.

According to World Bank estimates, money transfers from abroad who send migrant workers or remitansi expected to decline by seven percent this year across the Middle East and Arab countries in North Africa. This decrease is the first in the last decade.

In some countries, the situation is even worse. Remitansi from migrant workers to Egypt has been reduced to only a quarter of last year compared with the previous year. This report from the International Monetary Fund (IMF), last October.

Arab workers work everywhere, including to Europe. However, the Gulf countries have become rich remitansi source to the Middle East. Dubai is one of the driving machine.

Dubai is built from the booming tourism trade and the fruits of migrant workers, such as Tamimi. Only one in 10 inhabitants of Dubai who numbered 1.5 million is a native of Dubai.

Impact everywhere

Not only the Arab expatriates who have been affected by the economic decline in Dubai. The impact is also felt by blue-collar workers from India and South Asia are generally low-paid work in the field of construction, such as the construction of the world’s tallest tower, Burj Khalifa. Philippines people who fill many jobs in service sector also felt the impact. They all lose their jobs in Dubai. In fact, workers who are still alive and living in Dubai is expected to send less money to his hometown. Thus the World Bank economists estimate, Dilip Ratha.

Tamimi now can only remember the beautiful days in Dubai.

Barack Obama once again made a breakthrough. This time refers to the thoughts of former Central Bank governor Paul Volcker. Thought is not far from the Banking Act of 1933 which is better known as the Glass-Steagall Act. Act was sponsored by Carter Glass and Steagall B Hendry.

Law was out in 1933 after the Great Depression. Core of the Glass-Steagall Act that prohibited commercial banks collaborate with brokerage firms or participating in investment banking activities. This law created to protect depositors from the additional risk from securities transactions.

At that time, the bank, for example, could be the issuance of stock underwriters. If the shares they do not sell jajakan, they bought using funds from the depositors. Often it without the knowledge of the depositor. Transactions for the sake of the bank is known as prop trading.

However, the Act was abolished in 1999. Consequently, the difference between commercial banks and securities increasingly blurred. Finance minister when the post was held by Lawrence Summers. The new law allows commercial banks, securities, and insurance united. According to Summers, this way the U.S. financial industry can grow and compete better.

With the new law, born of financial giants like Citigroup, a combination of commercial bank Citicorp and Travelers Group insurance company.

This mixing triggered conflicts of interest and is considered as one of the roots of the financial crisis.

Not heard

For months, Paul Volcker proposed a plan to fix Wall Street, which is making a clear boundary line between commercial banks and investment banks. Since the revocation of Glass-Steagall Act, which allowed institutions to collect funds allowed third parties to produce benefits not only from the old ways, shed credit and charge interest, but running hedge funds and speculative ways of others.

Volcker said that since their insured deposits of the central government, large banks may take risks that ultimately must be borne by the taxpayers. He insisted that the incentives are structured, totally unfair and the root of the crisis. It needs to be done for the U.S. banking system is to improve incentives to avoid a similar crisis.

For months, Volcker also ideas not heard by Obama administration. Both reform proposals from the government and the parliament based on the approach “too big to fall”. Approach translated by way of increasing capital requirements, making mechanisms of government bailouts and improve supervision of systemic risk.

U.S. financial system seems to minimize such risks. One reason for the perception that some financial firms “too big to fall”. Under Volcker rule, only commercial banks are not too risky just to enjoy that status. Investment banks, hedge funds and private equity firms have to rely on ourselves. Commercial banks may not engage in the activities of hedge funds and private equity funds because of conflict of interest in normal banking relationships.