“Since we rolled the fiscal stimulus of economic growth reached 4.3 percent. Try if not without the stimulus, the economy grew just 2.9 percent. If the House does not agree that the economic stimulus could be worse,” said Anggito, during a hearing with Commission XI DPR, Jakarta, Monday (1/2/2010).

He explains, a new application of this stimulus was the impact in the fourth quarter. Providing stimulus for the most was the impact of infrastructure is spending stimulus. “Unfortunately, the impact occurred in the fourth quarter, when the crisis at the time of the first and second quarter. The greatest impact is, in terms of shopping but its effectiveness is a tax break because he was directly applicable,” he explained.

In perjalananya, the implementation of fiscal stimulus is not very desirable. Absorption of infrastructure stimulus is still halting.

PT First State Investments Indonesia plans to issue new equity funds this month to strengthen the investment management services and mutual fund products that investment managers.

Managing Director of First State Kusumonegoro Legowo said the move was related to reaching the target fund First State managed to Rp3, 5 trillion this year.

“First State has effectively pocketed the statement from the capital market authority in December 2009,” kataya today.

Director of First State Putut Andanawarih Endro said it considered the potential equity funds this year to grow in that before February 2010 First state to introduce new products that mutual funds.

“In addition, it is also possible we published based mutual funds and fixed income markets this year,” said Putut.

Currently, First State has 10,000 investors, in which institutional investors to reach investors and the remaining 500 retail investors. First State is part of Colonial First State Global Asset Management, the investment management division of The Commonwealth Bank of Australia.

Legowo added that group to sign investment principles associated with the UN Environmental Program Finance Iniative and the Global Compact or better known as the Principles for Responsible Investment in 2007.

“In connection with the signing of that, we as an investment manager for the investor to do our weighting denganmemasukkan environmental factors, social and corporate governance that. Step we aimed for the long-term interests.”

PT Benakat Petroleum is an energy company in Indonesia with a focus on increasing value through upstream oil and gas development and mining of various commodities coupled with engineering services, procurement and construction (EPC).

Benakat management along with managing underwriters emission shares have agreed to offer as much as 11.5 billion of new shares to the public offering price range of USD 120-USD 140 per share, in which for all the issued shares of warrants attached to as many as 6.5 billion in warrants.

Thus, the target acquisition IPO funds will be obtained a minimum of Rp 1 trillion for the ownership share of 38.34 percent. PT Danatama Makmur acting as underwriters managing the stock of emissions with the full capability of the entire issued shares. If the excess demand, then the party examine the possibility of removing Benakat additional same again.

According to President Director Benakat Wiguna Arifin, in a press conference on Wednesday (27 / 1), the Jak arta, income from the sale of fund shares and warrants will be used for investment and working capital, among others for the construction of oil and gas production facilities, coal, and stone manganese. The fund is also for the purchase of supporting equipment pr oduksi, and maximize return on the invested value.

Due Dilligence Meeting (DDM) and the public exposure made with Danatama Benakat as part of the initial offering period in the process of IPO shares, which performed to explore the initial interest from prospective investors both retail and institutional want any prospective underwriter of shares. Initial bidding process lasted from January 19 until January 28, 2010, with a target stock listing on the Stock Exchange is planned for Indonesia February 11, 2010.

We are optimistic Benakat IPO will get a positive response from various groups of investors both domestic and international. This can be seen from the positive response we got during the roadshows in several countries including Singapore and Hong Kong we have done, said Steffen Fang, Vice President of Investment Banking of PT Danatama Makmur.

Steffen added that oil and gas sector is believed to still be a prima donna and the mainstay of investment and has a bright prospect in line with national economic growth is conducive. This will encourage companies to get a regular cash flow and be one of the attractions for potential investors.

One of the maximum potential energy sources affiliated companies owned by PT Western Petroleum Benakat who has been working with PT Pertamina EP through cooperation contract to manage operations ar ea Benakat oil field operations West, Prabumulih, South Sumatra Province, the oil production areas of oil field operations West Benakat current average of 2000 barrels per day which will be increased to be 4000 barrels per day by the end of 2010.

Vice President Director Benakat M Suluhuddin Noor, said, since the takeover of management of the operating area of the West Benakat by BBP, BBP has increased production from the 77 existing production wells, from about 1,500 barrels of oil per day to about 2,000 barrels of oil per day within 6 months. Based on its development plan, PT BBP estimates of oil production more than 25 million barrels for a period of 15 years.

This call in connection with the sale agreement the shares of PT Matahari Department Store Tbk (LPPF) to Meadow Asia, last week. “We’ll call them this week,” said Eddy Sugito, Director of Corporate Finance Valuation Exchange, in Jakarta, Tuesday (26/1/2010).

Besides asking for information related to the use of funds from the sale LPPF, BEI will also extract information about the existence of Meadow. This is a joint venture MPPA and CVC Capital Partners. As an owner of Meadow 80 percent stake, BEI to measure the capability and experience as a player CVC retail industry.

MPPA President Benjamin Mailool calling it considers reasonable. “We will explain to IDX,” he said, yesterday.

D.R. Horton Inc. down 4.2% and led the decline in the property sector. Bank of America Corp.. and Citigroup Inc. fell after the Fed said it would remove the program who sell loans to commercial banks and the treasury to the holders of bonds. Index S & P 500 (-1%) 1,050.78 and the Dow Jones (-0.4%) 9,707.44.

Regional Morning: Asian Stock weaker, led by financial and mining companies, after Nomura Holdings Inc. will sell new shares, selling home-made an unexpected decline in the U.S. and declining commodity prices.

Nomura is still trading at low prices in Tokyo. Mitsubishi UFJ Financial Group Inc.. (-4.8%). Honda Motor Co.. (-2.2%). BHP Billiton Ltd. (-2.3%) In Sydney. The MSCI Asia Pacific Index (-1.5%) 116.80 at 9:58 pm in Tokyo. Index has fallen 1.4% this week. NIKKEI 225 (-2.46%) 10,285.00. KOSPI INDEX (-1.25%) 1,672.68. S & P / ASX 200 Index (-1.14%) 4,647.60. STI (-0.85%) 2,644.85.

Commodity: Oil fell to its lowest level eight months as an unexpected decline of home sales spur investor skepticism about the economic recovery.

Oil fell after the National Association of Realtors said sales fell to an average of 5.1 million per year. Crude oil for November delivery fell to $ 65.89 per barrel and Brent crude oil for November fell 4.7% to $ 64.82 per barrel. Crude oil (+0.1%) $ 65.9/bbl, Gold (-0.01%) $ 994/oz, CPO (-2.2%) 660/MT, Nickel (-4.4%) $ 17.100/MT, Tin (-1.9%) $ 14.375/MT ).

Economic & Industrial News

Economic: Tax Subsidy for Business World USD $ 16.87 Trillion
Government and Parliament agreed to disburse the tax subsidies and import duties borne by the government to businesses next year valued at Rp 16.87 trillion, higher than that in the 2010 State Budget of Rp 13.42 trillion.

Energy: Indonesia Power Save Budget USD $ 240 Billion / month
PT Indonesia Power, PLN subsidiary budget savings potential primary need for PLTGU Tanjung Priok, North Jakarta and PLRGU Grati, East Java Rp 240 billion / month. The potential savings obtained from the gas Supply followed by 30 mmscfd PGAS from Santos Ltd and as many as 40-60 mscfd.

Corporate news

BYAN: Will Build Again Briquette Plant
BYAN plans to build another factory again in tabang briquettes, Kaltim. To fund the project company will seek a loan of U.S. $ 150 million and the target can get at least 1Q10.

EARTH: Debt Review BEI CIC Rp19 T
BEI was inspecting EARTH loan from China Investment Corp.. (CIC) of U.S. $ 1.9 billion, or Rp19 trillion because of lack of information given to targeted companies and completed today. BEI check terms of payment and the reason for the determination of the coupon 12% / year and the amount of funds for old debt and capex.

OKAS: BEI Rights Issue Price Defines in Regular Rp765
BEI rights issue to fix prices in the market OKAS regular registration Rp765/saham which will be held on this day (25 / 9).

ASII: FIF Appoints Independent & Batavia Securities so Underwriter
PT Federal International Finance (FIF) appointed PT Batavia Prosperindo Securities and PT Mandiri Securities to be underwriters medium term notes (MTN) Rp500 billion which will be published in 4Q09.

IPO: IPO BW Plantation 1.2 Billion Shares
The following schedule IPO PT BW Plantation, include: a removable Shares: 1,211,009,000 shares, Nominal value: Rp100/saham, Underwriter: PT BNP Paribas Securities Indonesia and PT Danareksa Securities, effective Date: 16 Okt09, bidding period: 20-12 Okto09 , Listing: 27 Okto09. The bid price until now had not been set.

TLKM: Will Synergy Business Tower
TLKM will synergizing between telecommunications tower management subsidiary of PT and PT Telekomunikasi Dayamitra Solusindo First Creative is currently in the process of acquisition. In addition, the company was preparing to Rp500 billion fund to acquire two information technology companies this year.