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new Credit distributed in China until January 29 to reach 1.6 trillion yuan (U.S. $ 234 billion).

The report, written by the Economic Information Daily said Industrial & Commercial Bank of China Ltd. distributed more than 170 billion yuan, up by January 29. The news was cited by Xinhua News Agency without naming its source.

Bank of China Ltd. to distribute credit more than 160 billion yuan, Agricultural Bank of China about 150 billion yuan, and China Construction Bank Corp., nearly 108 billion yuan.

The newspaper also said the Bank of China credit target this year to 600 billion yuan and China Construction Bank lending rate hit 750 billion yuan.

admin | Credit & Loan | 04 26th, 2010 | No Comments »

PT Asia Natural Resources Tbk disclose revenue during 2009 because no suitable target tin prices lower than expected.

Director of Asian Natural Lay tells Stanislaus company revenue target for 2009 reached Rp600 billion, but who realized in the amount, which is Rp151 billion.

“Because the price of tin dropped the financing facility for exports of these commodities are not in use. Previously, we have the facility of ASEI subsidiary based in Singapore, “he said today.

According to the Stanislaus, the company this year will focus on the coal business, and has obtained a loan commitment of U.S. $ 10 million from Singapore’s financial institutions.

Last month, the company recently signed contracts for coal sales to Siridi Sai Goodearth International Pte Ltd.. In this contract, the company should be supplying coal to the company by 50,000 tons per month, with gains from the sale of U.S. $ 3 million per month.

Of these contracts, companies get coal revenue of U.S. $ 36 million.

Company’s revenue this year set to reach Rp1 trillion, of which targeted a net profit of Rp50 billion. The amount is experienced jumps from last year recorded an income of only Rp151 billion

admin | finance | 04 26th, 2010 | No Comments »

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.”

admin | Portfolio | 04 26th, 2010 | No Comments »

Central banks around the world primary on Wednesday (27/1/2010) local time said it would stop the U.S. dollar emergency loan made during the financial crisis, reflecting growing confidence in the financial system back to health.

The decision, announced in coordinated statements is an important milestone in the global financial crisis and marked the first integrated revocation of extraordinary support from central banks to financial markets.

The European Central Bank (European Central Bank), Bank of England (UK Central Bank), Bank of Japan (Bank of Japan), Swiss National Bank (Central Bank of Switzerland), and the central banks of Canada, Australia, Brazil, and Sweden said they would let the U.S. dollar swap arrangements with the Federal Reserve ended on February 1.

Demand for dollar swap through the Federal Reserve, gave billions of dollars to finance companies through banks abroad, foreign central banks, has fallen dramatically due to market conditions improved throughout the world. “These channels, which was founded to counter the global financial market pressures, no longer necessary given the improvements seen in the functioning of financial markets last year,” declared the European Central Bank.

“Central banks will continue to work together as needed.”

Statement of central banks to coincide with the Fed’s policy statement following the closing of a two-day meeting in January where it says swap will end as planned on February 1.

Fed’s policy setting panel opens swap lines with the European Central Bank and Swiss National Bank in December 2007. When the financial crisis worsened, the Fed also set the swap lines with central banks from Japan, British, Canadian, Australian, Swedish, Norwegian, Danish, Brazil, Mexico, South Korea, and Singapore to ease U.S. dollar funding shortages.

With confidence in the financial markets in short supply at the peak of the crisis, short-term money markets froze. Many banks and foreign investors who rely on money markets to borrow U.S. dollars to fund the U.S. assets they find themselves short of dollars needed to finance the ownership.

Through the currency swap, the U.S. Fed to offer dollars to banks, foreign central banks in exchange for their currencies. Central banks and foreign banks lend dollars to the domestic market, which allows the company access to dollars at a time when the normal financing channels have been closed.

admin | Credit & Loan | 04 18th, 2010 | No Comments »