Darwin Financial Investing

Instead of eliminating the debt, the government of SBY-Boediono exactly add new debt. Ironically, it was done in a 100 day program. Naturally, if the International NGO Forum on Indonesian Development (INFID) assess the Cabinet Indonsia addicted Unity II debt, both bilaterally and multilaterally.

Advocacy Coordinator so said Wahyu Susilo INFID in discussions “SBY 100-Day Government Boediono: Macroeconomic Policy with unequal Welfare”. “For 100 days, economic diplomacy is increasing the debt. While foreign policy was not directed at debt reduction,” says Revelation as a press conference on Sunday (31.1.2010).

In the year 2009 alone, continued Revelation, the total central government debt reached USD 1618 trillion. In fact, the debt burden may interfere with the budget revenue and expenditure.

The new debt alleviation program looks from people out of poverty, such as the National Community Empowerment Program (PNPM), Family Hope Program (PKH), and the School Operational Assistance (BOS), which continued with the cost of foreign debt. This program had previously been independent of government programs, but handed over to foreigners.

Not to mention the burden of debt policies that are named Development Policy Support Program Program. Additional debt is obtained from the Asian Development Bank worth 200 million U.S. dollars and the World Bank worth 600 million U.S. dollars.

Ironically, these donors as well as establishing new institutions to accelerate the program above.

Executive Director K INFID Donatus Marut added, SBY government addicted to debt seems when leading a delegation of Indonesia in the climate change summit in Copenhagen, Danish, mid-December 2009. “President SBY has a new debt commitments to climate change,” said Donatus.

admin | Credit & Loan | 04 12th, 2010 | No Comments »

Government finally spoke up about how state officials pay raises. According to the Minister of Finance (Finance) Sri Mulyani, until now there has been no plan to raise the salaries of state officials.

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

admin | Bank | 04 12th, 2010 | No Comments »

- Until the end of December 2009, the bank had to channel financing of Rp 14.8 trillion to the food sector. This figure grew 11 percent compared with 2008.

Director of Corporate Banking Bank Mandiri Riswinandi Friday (29 / 1) in Jakarta said the soil and climate conditions in Indonesia strongly supports the development of various food commodities.

Indonesia also has a human resources with knowledge and experience of good farming, and the high interest of investors to invest their capital in the food sector. “The factors driving growth into the food sector in Indonesia, Bank Mandiri to it actively facilitate efforts to increase food production homeland,” said Riswinandi.

Bank Mandiri’s commitment to support the food sector and provide capital facilities are not only targeting the corporate sector or large companies, but also to SMEs, cooperatives, farmers, and other retail segments. Financing facilities to large corporate credit products provided through investment and working capital loans to support expansion and business activities. Bank Mandiri also provides cash management services to facilitate the company’s financial transactions.

Bank Mandiri also actively working capital loans distributed to retailers. While financing for the small farmer credit facility provided through Food Security and Energy (CTF-E), Credit Development and Revitalization Bio Energy Plantations (KPEN-RP), Pattern Development Environmental Partnership (PKBL), and plasma plantations.

According to Riswinandi, the number of farmers who got financing facility of Bank Mandiri in 2009 were recorded as many as 96,488 farmers, higher than 2008 as many as 93,464 farmers. While cooperatives that have related development financing facility to reach 119 food cooperatives, up from 103 cooperatives in 2008.

One of the efforts of Bank Mandiri to realize the commitments in the food sector is developing in Papua Investment Day held in October 2009, which aims to bring together relevant stakeholders, namely investors and regional governments of Papua and Bank Mandiri are intended to provide extensive information about the investment potential of food and discuss the potential and constraints of investment in Papua, and the formulation of follow-up to its realization.

admin | Credit & Loan | 04 12th, 2010 | No Comments »

Indonesia’s debt rating increased from BB to BB level plus ranking according to the international financial institutions, Fitch Ratings. That means, Indonesia’s only one more notch to the highest debt ratings are usually called investment grade or rank the investment.

So the press release published by Fitch Ratings Singapore and received Kompas, Monday (25/1/2010).

Improvement ratings are important to Indonesia because it will affect the decrease in debt issuance costs. That means, the same issue will positively affect the largest bond issuers in Indonesia, namely the government, because the costs of issuance of securities (SBN) in the form of coupon yield and the more lightly.

Ranking is raised to the level of BB plus for the global debt securities (issued in foreign currency) and the rupiah-denominated. The increase indicates that the ratings of the chances of default on bonds from Indonesia was in a stable position.

This ranking reflects that Indonesia had begun to recover from the pressure of global financial crisis is very severe in the year 2008-2009. It is supported by continuous improvement in public financial management in Indonesia. Thus said Ngiam Ai Ling as Director of Team Pemeringkat.

admin | Credit & Loan | 04 12th, 2010 | No Comments »