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Bank Mega to launch its newest product “Mega Corporate Card”, the credit card given to certain employees who have been appointed by the company in accordance with the policies and activities to support the company’s business needs.

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.

admin | Bank | 04 2nd, 2010 | No Comments »

developing economies in Asia is estimated to have a growth spurt in 2010, led by the estimated growth rate of 10 percent by China, the IMF projected that the region Tuesday recovered quickly from the global decline.

The International Monetary Fund (IMF) to reduce market concerns about the risks of China’s growth directly because of Beijing to tighten liquidity in the middle of the spiraling inflation and a high record of bank loans.

Latest World Economic Outlook, released Tuesday (26/1/2010), based in Washington, said the growing economies of Asia is forecast to grow an average 8.4 percent this year and also in 2011 compared to 6.5 percent in 2009.

China, the traditional drivers of global growth, may send a 10 percent growth this year, the IMF said, increasing 1 percentage point from 9.0 percent projection made in October.

However, the IMF said economic growth in the country’s most densely populated in the world could be slowed down 9.7 percent next year. China’s economy grew 8.7 percent in 2009.

Gross domestic product (GDP) of China, the square footage of the output of goods and
services of a state, return to double-digit growth in the quarter-IV in 2009 in the position of 10.7 percent, China’s authorities said last week.

The speed that exceeded the government target of 8 percent, a level considered essential to create employment and prevent social unrest in China’s urban population of 1.3 billion people.

But rising inflation, along with government surveillance on the bank loans and increase borrowing costs, has maintained a nervous market in recent weeks on fears that China’s economic slowdown could reduce the global recovery.

Jorg Decressin, Head of World Economic Studies Division, IMF, despite the risk directly in China, in a media briefing after the release of the report. “There is no serious risk of a market bubble,” he said.

IMF says, “developing countries in Asia, leading major global recovery” because this region became the first to recover from the global decline from the worst financial crisis in decades. “India is expected to join with China in providing impetus for growth in Asia this year and in 2011,” the IMF said.

India will be recorded a 7.7 percent growth in 2010, he said, revised up 1.3 percentage points the previous estimates.

Japanese balance to come up with 1.7 percent growth in 2010, unchanged from the last estimate, after a sharp contraction of 5.3 percent last year, the IMF said, adding that Asia’s richest economy could accelerate to 2.2 percent growth next year.

The IMF also said that ASEAN economies with the backbone consisting of Indonesia, Malaysia, Philippines, Singapore, and Thailand is forecast to grow slightly better on average 4.7 percent in 2010 from 1.3 percent last year.

Projected growth in Asia is on the developing world for economies around 6 percent in 2010 after 2 percent last year.

IMF saw output more quickly in 2010 to develop the world economy. “Framework for a strong economy and a rapid response policy has been helping many developing countries cushion the impact of external shocks that had never happened before and quickly pulled back the flow of capital,” he said.

admin | Finanace | 04 2nd, 2010 | No Comments »

financial firms on Wall Street giant finally comply with government pressure to cut bonuses of their top brass-brass-IV quarter 2009.

From documents obtained by Bloomberg, Monday (25/1/2010) local time, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley “only” give bonuses to their executives for U.S. $ 39.93 billion.

This figure is lower than the total bonus in the quarter-IV in 2007, which became a record, which is 44.7 billion U.S. dollars. This figure is also lower than estimates of five analysts surveyed by Bloomberg yesterday, which predict the number 46.1 billion U.S. dollars. In fact, a lower figure of about 10 billion U.S. dollars of analyst predictions in October 2009.

Only, the total annual bonus firms on Wall Street remained higher than in 2008. To quote the Wall Street Journal, the total bonus of 38 companies digelontorkan on Wall Street in 2009 reached 145 billion U.S. dollars. This figure is 18 percent higher than the total bonus for 2008 of 123.4 billion U.S. dollars and 6 percent higher than the 2007 bonus year for 137 billion U.S. dollars.

JP Morgan himself will give a bonus for the year 2009 of 9.33 billion U.S. dollars, up 18 percent from a year ago. Meanwhile, Goldman Sachs will provide a bonus U.S. $ 16.2 billion and Morgan Stanley shares 14.4 billion U.S. dollars.

There is a decrease in bonuses to earnings ratio, from 40 percent in 2007 to 32 percent in 2009. The reason, the total revenue in the Wall Street firms also jumped to around 450 billion U.S. dollars, up 25 percent from the year 2007.

Government pressure

For the second time this week President Barack Obama said that the bonuses of Wall Street firms as disgusting. Managing Director of Goldman David Viniar defend themselves. He said the bonus is a step the company a fair balancing facilities for employees to be loyal to the company.

Just so you know, even though the allocation of bonus three Wall Street firms last year’s lower figure is still six times higher than the average income of U.S. households are only 50,303 U.S. dollars per year. While every worker in the three companies will receive U.S. $ 336,843 bonus.

In fact, Wall Street Journal calculates, the total Wall Street bonus in 2009 is greater than the total gross domestic product (GDP) of the world’s poorest 58 countries and combined GDP equal to Egypt and Singapore. The figure was also 20 times larger than the GDP of Haiti, the new poor countries hit by massive earthquake.

admin | Finanace | 04 2nd, 2010 | No Comments »

The price of rice or rice cheap consumed by small economic communities, which are not voters, aka the original group of people eating, rise above the general increase in rice prices, which consumed the middle and wealthy society. Cheap rice prices are reported during January 2010 increased 8.45 percent from Rp 5604 per kg to Rp 6078 per kg.

“This means the community groups that never promiscuous species eat only rice and stuffed it suffers from rice price increases is higher than rice consuming public,” said Head of the Central Statistics Agency (BPS), Rusman Heriawan in Jakarta, Monday (1 / 2 / 2010) as a monthly report on inflation, exports, imports, and economic indicators other.

BPS only classify two types of rice in the survey, the general rice and rice price. However, the main data consist of BPS kinds of rice based on the brand, say Ciherang or Cianjur.

Common rice prices during January 2010 was reported up from Rp 6938 per kg in December 2009 to $ 7482 per kilogram, an increase of 7.83 percent. Thus, the increase is lower than the average increase in the price of the cheapest rice consumption of the poor.

Only one of the most appropriate policy to reduce the price of rice consumed by the poor is raski market operations (rice for the poor). “Because this is a rice consuming public who buy the cheapest price of rice,” said Rusman.

admin | Economy | 04 2nd, 2010 | No Comments »