Director of Economic Research and Monetary Policy Bank Indonesia (BI) Perry Warjiyo, Monday (21/06/2010) in Jakarta, explained that the flow of foreign funds back in because the trust fund to invest in emerging markets, including Indonesia, back up. Moreover, the prospects for the Indonesian economy continues to improve.

Foreign funds in Bank Indonesia Certificates (SBI), for example, increased to Rp 4.2 trillion in the past week. This makes foreign funds in SBI reached Rp 37.7 trillion as of June 18, 2010.

Earlier, during May 2010, foreign funds flowing out of the SBI increased uncertainty following the European settlement of the crisis. At that time, foreign investors pulled their funds from the SBI and transferred to the U.S. dollar denominated instruments, which is considered more secure.

Throughout the month of May, foreign funds out of the SBI Rp 47 trillion, which makes a significant weakening of rupiah exchange rate. As a result of it all, the position of foreign funds in SBI dropped, from Rp 82.99 trillion at the end of April 2010 to Rp 36.36 trillion at the end of May 2010.

According to Perry, in addition to the SBI, the foreign funds are also flowing into the SBN and stocks. As of June 18, 2010, the position of foreign funds in the SBN Rp 151.68 trillion, an increase of USD 7.6 trillion, compared to the end of May 2010 which is only Rp 144.09 trillion. In the same period, total SBN increased 4.82 trillion, from Rp 609.68 trillion to Rp 614.5 trillion. This means that all additional SBN hired in June 2010 on foreigners.

Earlier, such as SBI, foreign positions in the SBN down around Rp 4 trillion during May 2010 due to the crisis in Europe.

In the stock market, boosting the flow of foreign funds Composite Stock Price Index in Indonesia Stock Exchange. In trading yesterday, the Jakarta Composite Index rose 12.31 points to 2941.9 level. Foreign investor transactions recorded a net buy USD 423.3 billion.

Perry explains, the BI policy requires that investors hold a minimum one-month SBI (one-month holding period) in fact, do not reduce foreign interest in buying SBI. Foreign investors precisely assess the prospects for Indonesia’s financial markets become better with the policy.

Economist Dradjad Wibowo rate, the policy of the holding period of one month is good. However, coordination should be accompanied with the Ministry of Finance to avoid speculation SBN made due to excess liquidity event.

As the improving outlook for the Indonesian economy, the international rating agency Moody’s yesterday raised Indonesia’s debt rating outlook in the domestic and foreign currency from stable to positive. Positive Outlook indicates the possibility of Indonesia to increase the ranking in one year ahead, in which Indonesia needs two more notch to investment grade from Moody’s.

In a press release, Moody’s explained, a positive outlook also reflects the strengthening of the Indonesian economy to grow a sustainable, balanced by the effectiveness of fiscal and monetary policy stability.

Same thing happens at the Directorate General of Taxation under the auspices of the Ministry of Finance to adopt a system of remuneration.

Vice Minister of Finance DG Anny Ratnawati justify remuneration Tax detained approximately USD 3 billion. “He said the Directorate General of Taxation to the sanctions, its performance benefits are not paid. MyNumber approximately USD 3 billion,” he said in a press statement on the ministry’s office, Monday (06/21/2010).

Anny said that figure represents the total remuneration that is not given because their employees are subject to sanctions or measures. Money was not immediately returned to the state treasury. The calculation will be done at the time of closing.

Previously, the DGT M Tjiptardjo said the number of funds that were returned remuneration ranging between Rp 3.5 billion. The fund is the result of punishment in the form of withholding of remuneration of 400 employees who are known to breach until May 2010.

Indonesia’s debt rating outlook revised open the opportunity to increase Indonesia’s debt rating to investment grade levels within the next year. Indonesia still needs as much as two-level increase in ratings again before reaching the level of investment.

In a press release, Moody’s said the positive outlook reflects the strengthening of the Indonesian economy to continue sustainable growth. This is balanced by the effectiveness of fiscal and monetary policy stability, as well as expectations of
improvement of government finances and debt position.

“Macroeconomic fundamentals, the government debt ratio continued to decline, and fiscal policy support and a smooth careful structural reforms, an expected positive momentum can be maintained in an effort to target investment grade,” said Agus Hartadi Sarwono, Deputy Governor of the Bank Indonesia, Monday (21/06/2010).

Revision of Indonesia’s debt outlook from Moody’s is in line with expectations and it has been properly changed for the better prospects for Moody’s noted lower compared with the prospect of a set of Standard & Poor’s (BB / positive) and Fitch (BB + / Stable).

Principal analyst for Moody’s to Indonesia’s foreign debt, ie Aninda Mitra, and Thomas J. Byrne, said the key to economic growth in Indonesia is a large domestic market which is managed appropriately within the framework of economic policy and has been well tested. They also claimed, several external disturbances such as the instability in some European debt markets are not serious about the fundamental implications of Indonesia’s debt is fixed on an improving trend

“With a faster yuan appreciation than the amount it will certainly make China’s goods more expensive, while the prices of our goods to China cheaper,” said Director of Economic Research and Monetary Policy (MGD) Perry Warjiyo Bank Indonesia, in Jakarta, Monday (21 / 6 / 2010).

Nonetheless, Indonesia’s exports to the country “Bamboo Curtain” was more the form of commodity-based natural resources so that its growth will depend on market demand.

“Exports of commodities is relatively insensitive to exchange rate movements, but rather on the strength of demand there. With China’s growing economic strength, our exports will continue to grow,” he said.

Perry explains the financial side, the impact of the strengthening yuan against the map does not have significant capital flows in emerging market countries, including Indonesia. “Appreciation of yuan will not be drastic, but still within the range of flexibility in order. Flows of capital into Asia’s currency will gain was not a big difference to Indonesia with a stable rupiah,” he explained.

He predicts, with China’s economic policy changes that began to shift from relying on export growth to domestic consumption, the tendency of strengthening yuan will happen.

As is known, the United States and several other countries want a yuan revaluation. Minister of Finance of the United States Timothy Geithner said last week that China revalue its currency refusal had prevented a global economic reform.

China adopted a floating exchange rate regime is limited from mid 2005 and were frozen in July 2008 on the position of 6.83 yuan per U.S. dollar.

International pressure on China has strengthened with the plan dealt with the controversial currency policy of China which will be discussed at a summit of Group of 20 member countries (G-20) in Toronto on June 26 to 27.

PT Batavia Prosperindo Asset manajamen (Batavia Asset manajamen) target of Rp200 billion in funds under management – Rp300 billion from mutual funds are a mixture of Si Dana Batavia CPI for a year. Mutual fund companies will be marketed next month.

Managing Director of Asset Batavia manajamen Lilis Setiadi said the product is reserved for employees of a private company and the retirees.

“Essentially we’ve got an investment commitment of Rp 50 billion in pension funds of the institution as an early stage, which has about 7,000 members,” he told the press today. These products use the services of Deutsche Bank AG as custodian.

He explained the composition of the investment capital market investment products is at 20% – 79% each will be placed on the stock and money markets.

Francine explained the company was trying to raise funds from the position kelolaannya around Rp7, 32 trillion at the end of last year to Rp9, 5 trillion at the end of this year. Batavia Asset Management, he added, is also intended to improve the position of funds under management to Rp12, 5 billion in 2011.

He tells us that the company plans to increase the seller’s agent and working with new partners to invest funds through Batavia Asset Management.

At present, he added, companies can raise funds target of Rp500 billion under management from new cooperation. According to him, cooperation was explored with three foreign banks and two insurance companies.

“Peminatnya sangat banyak,” kata Direktur Utama BHIT Hary Tanoesoedibjo, kepada KONTAN, kemarin. Kebanyakan peminatnya adalah perusahaan-perusahaan asing.

Akhir pekan lalu, harian Financial Times melaporkan, ada empat investor asing yang bersiap mencaplok saham MNC Sky Vision. Antara lain, Carlyle Group, Providence Equity Partners, Quadrangle Capital Partners, dan General Atlantic.

Sayang, Hary menolak mengungkapkan para peminat saham perusahaan stasiun televisi berlangganan Indovision tersebut. Yang jelas, BHIT adalah salah satu pemegang saham langsung yang ingin menjual saham MNC Sky Vision. “Saham yang akan dijual adalah kombinasi saham baru dan saham lama dengan total antara 20 persen hingga 40 persen,” katanya.

Induk usaha Grup Bhakti ini telah menunjuk dua penasehat keuangan, yaitu Standard Chartered dan JP Morgan untuk membantu merealisasikan aksi korporasi itu. Hary memperkirakan, penjualan maksimal 40 persen saham Indovision itu bisa menghasilkan dana lebih dari 800 juta dollar AS.

Kontribusi 20,3 persen ke BMTR

Angka yang disebut Hary itu sangat besar jika kita melihat nilai aset MNC Sky Vision. Per akhir September 2009, MNC Sky Vision memiliki total aset Rp 2,17 triliun. Kontribusi pendapatan BMTR dari media berbasis pelanggan ini mencapai Rp 754,08 miliar atau 20,3 persen dari total pendapatan BMTR per kuartal ketiga 2009 yang mencapai Rp 3,71 triliun.

Namun, di akhir Desember 2009 Indovision memiliki 608.000 pelanggan televisi berbayar atau sekitar 70 persen dari pangsa pasar televisi berbayar di Indonesia. “Tahun ini, kami menargetkan hingga satu juta pelanggan,” kata Sekretaris Perusahaan MNC Sky Vision, Arya Mahendra. Saat ini, sekitar 50 persen pelanggan Indovision berada di kawasan Jabodetabek.

Meski akan melepas kepemilikan langsungnya di MNC Sky Vision, tampaknya, BHIT tidak berniat menjual saham yang dimilikinya secara tidak langsung. Sekedar informasi, BHIT masih memiliki 51 persen saham MNC Sky Vision secara tidak langsung melalui PT Global Mediacom Tbk (BMTR). “Mediacom tidak melakukan penjualan saham,” tegas Harry.

Sebelumnya, BMTR malah pernah mengutarakan keinginannya membeli saham Indovision dari tangan BHIT jika harganya cocok. Tujuannya meningkatkan kepemilikan sahamnya hingga 81 persen. Namun, kini, Hary yang juga petinggi BMTR, enggan mengomentari rencananya lama itu.

Kepala Riset Paramitra Alfa Sekuritas Pardomuan Sihombing mengatakan, minat investor asing terhadap penjualan saham Indovision ini menunjukkan bahwa investor melihat potensi dan prospek perusahaan itu cukup bagus. “Karena pembelinya adalah perusahaan investasi, saya rasa pengaruhnya akan lebih ke pendanaan yang lebih mudah mencarinya,” katanya.

Dengan ketersediaan dana tersebut, ekspansi Indovision di tahun ini akan lebih bagus.

This was conveyed Foo Mee Har, as Global Head Premium Banking Standard Chartered, the news conference, at the Hotel Mulia, Jakarta, Wednesday (27/1/2010). Har Mee says, this is a rich market for the service Priority Banking, Standard Chartered products newly launched today.

“Planned development of Standard Chartered Bank aggressively in Indonesia, where over 300,000 people around Indonesia has assets of more than 100,000 U.S. dollars,” said Mee Har.

Actually Priority Banking service has long been offered by Standard Chartered. However, today re-launched with a variety of innovations on offer. This service is provided to upper-class segment which has assets of at least Rp 500 million.

Country Head of Consumer Banking of Standard Chartered Lani Darmawan explained, there are three priorities that offer these products, namely the priority service, priority benefits, and priority solutions. “We will improve services for priority service our customers,” said Lani.

Lani example, customers will be getting various facilities, such as having access to 200 exclusive priority banking centers around the world with an internal funds transfer services, emergency cash, free ATM access abroad, and foreign currency exchange rate with special rates.

In addition, customers can also enjoy the rewards points when trading both within and outside the country, as well as additional reward points on every purchase of additional banking products at Standard Chartered. Not only that, customers also enjoy priority service at five golfing golf club in Indonesia and access to 200 golf clubs around the world. Customers can also enjoy an exclusive lounge at various international airports around the world with a special fee, and various other services.

“Garuda has no tax arrears. We’ve made clarifications to the Office of the Ministry of SOEs on the subject and Garuda are not delinquent taxes,” said Pujobroto, Friday (29/1/2010).

He claimed to be fooled by the news that mentions that the state-owned airline was in the top 100 largest companies in Delinquent taxes last five years.

As is known, the Directorate General of Taxes launch until December 31, 2009 the tax arrears 100 companies reached USD 17.5 trillion, or 33.7 percent of total tax arrears of Rp 52 trillion.

“Garuda has even received an award from the Directorate General of Taxes at the time of receiving the award Garuda Annual Report Award. Not long ago the Tax Office Tangerang Municipality also give credit where Garuda is always to meet tax payment obligations,” he asserted

Santoso realized, not easy to start a business in the province. Many problems must be faced, ranging from human resources, capital, marketing, to transportation.

“In 2004 I arrived in Kupang. I learned a number of business opportunities in a number of districts. Then, I decided to pursue efforts emping corn. The whole area in NTT to plant corn and corn became the staple food,” Santoso said in Kupang, Saturday (16 / 1 / 2010).

However, corn processing in the community is still simple. Fried corn and eaten just like that, or ground into a makeshift emping. There are also ground corn kernels, then cook the rice instead. This custom lasted hundreds of years.

Armed with knowledge of corn emping learned in Yogyakarta, Santoso provide new inspiration on the tasty corn emping, hygiene, quality, and able to compete in the market.

Gorontalo Province recognizes excellence emping quality corn Santoso. They asked Santoso help train local farmers and a processing engine assembly emping Santoso quality results.

Every day, 100 to 200 kilograms (kg) of maize seed is processed into emping round. He produced 80 kg-180 kg emping, lost 20 percent because of the skin and eyes discarded seed corn.

Corn raw materials purchased from farmers at a price of Rp 2,000 to Rp 3,000 per kg. All types of corn can be used in NTT emping with the development of 2-3,5 cm in size after the ground with the engine.

“Corn NTT far more qualified than other regions. We processed corn was not destroyed, even though the wider developing ground with 8-10 kg force. However, maize from outside is always broken,” he said.

After all, this corn emping more palatable than other regions. In fact, Santoso just fry the garlic without preservatives.

Product emping Santoso’s corn can now be found in supermarkets, shops, kiosks and food stalls. Emping spread in 21 regencies / cities as NTT.

In fact, Santoso emping only distribute it to the City of Kupang, Kupang regency, East South Central, and Sikka. Everything is simply due to the limited human resources and capital. Most entrepreneurs from other districts to buy emping in Kupang for sale in the district concerned.

“Without it I am overwhelmed promotion serve requests. But, I worked as labor, capital, raw materials, and human resources available,” he said.

Demand in the City / County Kupang emping 500-1000 kg of maize per day, East South Central 200 kg per day, and Sikka 500 kg per day. Shipping emping to these places was in accordance with the transportation to the area.

Emping distributed to every supermarket and shops in the four districts in 1-3 days up consumer invaded. Usually emping it for breakfast, also for the journey and by-the typical NTT. “Demand from other regencies in NTT to 2,000 pounds, but I could not serve. I let this business go naturally,” he said.

Packaging

Emping packed in plastic and can be taken anywhere. Santoso artificial Emping can last for 5 months.

Size 450 grams sold USD 8000-USD 8500 per bag, while the size of 250 grams sold at Rp 5,000 per bag. However, in supermarkets or stores, emping sold at Rp 10,000-Rp 15,000 per bag. Size 250 grams sold at Rp 8,000 per kg.

Santoso offers flavored corn emping tasty (crispy), sweet honey, and spicy sweet. All of this sense of the most desirable consumers.

Corn emping business is now managed by CV El Shahadai, where its director Santoso. Looking ahead, Santoso optimistic that his efforts would be successful now citizens of East Timor and Australia began to be interested. Only limited capital and labor to make this request not yet been provided.

Santoso employs 10 local workers with a salary Rp 650.000-Rp 1.5 million per month. However, they are very difficult to adapt. Despite years of working 1-3 job, they must continue to be led.

Almost every week he asked the leaders of work units the local device provides an understanding of entrepreneurship to college graduates in the province. Santoso always emphasized the wealth of natural resources in NTT and how to manage it.

There are a number of natural resources wasted NTT, like fibers from palm, palm fruit, acid Java, bamboo shoots, bamboo, bamboo tree, white wood, and straw. In fact, all this can be managed to generate money very adequate.

He gave examples of people successfully self-employed as business snack, handicraft household industry, and furniture. The advantage in this field is more promising than the civil servants (PNS). Being civil servants also have to fight with thousands of college graduates and high school.

“I want to wake up the public optimism that the NTT many business opportunities. I just talk frankly about the benefits I get from this corn emping efforts to build their business sense,” he said.

NTT community can also self-employed, they just need assistance and venture capital. The government does not only talk, but also give the capital and guidance to the community.

Santoso emping plans to build factories in the city of Kupang corn to produce 30 tons of maize grain per day and absorb the work force of about 3,000 people.

This is stipulated in the Regulation of the Minister of Energy and Mineral Resources (ESDM) No. 2 of 2010 recently passed. “This is an effort to accelerate energy diversification for power plants to non-oil fuels in order to meet the electricity needs of the ever-increasing,” said Director General of Electricity and Energy Utilization of Energy and Mineral Resources Ministry, J. Purwono, Friday (29/1/2010), in Jakarta.

Ministry of Energy and Mineral Resources in the rule mentioned, the total number of hydroelectric projects that use renewable energy, coal and gas are carried out to reach PLN 21 generating units. Some plants that will build the country’s companies, among others PLTU Indramayu 1x 1000 MW power plant Pangkalan Susu 3 and 4 in North Sumatra 2 x 200 MW power plant in South Sulawesi Takalar 2 x 100 MW, and East Kalimantan PLTG 2 x 50 MW.

“PLN will also build 11 units of geothermal power plants or PLTP with a total capacity of 880 Mega Watt as part of project development acceleration in generating 10,000 MW this year, the bidding process for construction of PLTP has been started,” said Director of Planning and Technology PT PLN Nasri Sebayang.

Eleven units of geothermal power plants to be built, among others, Sembalun, Kotamobagu, Ijen, Sungai Penuh, Tulehu, Willis, Ngebel, Iyang Agropuro, and Lahendong. Project funding came from the Japan Bank for International Corporation (JBIC) and Asian Development Bank or ADB. “The total funds needed to reach 1.6 billion U.S. dollars,” he said.

While the total number of hydroelectric projects that use renewable energy, coal and gas are conducted through cooperation with private power developers achieve the 73 units comprising 33 units of Geothermal Power Plant, a hydroelectric power unit, 36 units of power plant, and two units PLTGU. Primary energy from coal for power generation is still needed. “But the implementation must use environmentally friendly technologies,” said Nasri added.