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Fleet Japan Airlines (JAL) looks at Haneda Airport, Tokyo, January 15, 2010. Thinning wallet government no longer able to support the airline’s financial hole that had become a symbol of economic revival that the Rising Sun Country.
Japan Airlines, or JAL, the airline with the largest revenues in Asia, could not resist the financial burden. Management is in shambles for years, operational costs continue to rise, and pension costs are strangling the income is not matched by an increasingly eroded. Tough competition and the slump in passengers suffered JAL adds.

JAL finally declare bankruptcy and ask for legal protection for creditors is not required to auction off assets cheaply to the risk of not having the opportunity to restructure.

JAL has 25 billion dollar debt the U.S. and is the largest bankruptcy in corporate history outside Japan’s financial companies.

Why? JAL did not properly handled. Under the auspices of the government and the service to the community, JAL also must serve the routes that are not profitable.

JAL also carried away with the support and status as the Japanese flag carrier. This makes so little attention JAL’s financial performance. His debts little by little into the hill. On the other hand, shrinking assets. Market value for a long time only a small airline equivalent of Croatia.

Of government support for JAL, especially financial aid, making the nearest competitor furious JAL, Nippon Airlines (ANA), which assess the aid to be unfair and JAL JAL should follow the market and face competition.

The Yomiuri Shimbun newspaper reported JAL 151 domestic routes only filled less than 50 percent of passengers. Only 11 of the 99 JAL flights were filled more than 70 percent of passengers. The high cost of treatment at the airport and also hit profits JAL, which was in a position greater than the pole peg.

Began the 1960s, the Japanese Government to concentrate on building a new airport. However, in 1964, even before the construction boom in the airport, fast train appeared. This helped a blow to JAL.

The local and national politicians continue to lobby the government to build airports everywhere. Almost every prefecture of Japan has the airport. Airport to be opened 98 years ago in Shizuoka, about 50 kilometers from Mount Fuji. All airports should be served JAL.

Apart from the burden imposed to JAL, as long as it can still fly JAL. JAL wings can not be separated from the history of Japanese development. Devastated countries in World War II had managed to rise as an Asian tiger. Finally, the economic power of Japan ranked second after the United States.

However, Japanese people are now driving the high productivity of the 1960s had aged. Population growth also fell.

Japanese creativity, to create nonmanufaktur economic base, as well as drag. Japan continued to rely on the economy with its manufacturing base even with high quality. However, China recently became the largest competitor in the manufacturing sector. It is estimated that China’s economic strength will take second place, displacing Japan in 2020.

For years, Japan suffered deflation that would not go over. When nearly recovered, changing the global crisis hit. Sluggish economic growth, also discourage Japanese passenger flow past a very intense pleasure.

Strong competition from the airlines, both Asia and the U.S., also continued to hit the JAL, which is known safe and expensive.

It is the pride when the Japanese working at JAL. Secure family life, complete, up to benefit a very large pension. However, these benefits also gave birth to the financial problems at JAL.

The hope was there for JAL to exist. Of 134 Japanese companies that declared bankruptcy in 2004 and 2009 period, approximately 50 percent can improve. Only 1.5 percent of bankrupt companies liquidated, according to data from Teikoku Databank.

The companies on average take 1.7 years to get out of the process of restructuring. Maybe after three years of running the restructuring, JAL will be back up victorious.

However, it must be only in the form of a smaller company and no longer able to serve 217 airports in 35 countries and regions. JAL may also not be able to carry 53 million passengers as last year, which as many as 41 million is for domestic routes.

JAL will no longer be the world’s largest airline, in terms of frequency of regular flights like the past.

Nomura Securities analyst, Makoto Murayama, said JAL is also wrong about the calculation of market potential. ANA is much more professional and take into account competitive market prospects.

JAL had not been financially feasible. Supporting economic giant with an injection of government funds many times. “Economic giant in the world number two is aging, and aging also the glory of JAL in the air,” the writing on the news agency Agence France Presse on January 19.

admin | Economy | 02 15th, 2010 | No Comments »

Some people outside of Google’s China headquarters in Beijing, Thursday (14 / 1). Search engine companies in this virtual world continue to promise not subject to government censorship efforts of China, which increasingly sophisticated conduct cyber attacks to a number of sites of human rights activists. This protest action does Google do with the risk of losing the lucrative market in China because there are 360 million Internet users.
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By Rene L Pattiradjawane

KOMPAS.com – There are two important issue that marked the development and growth of globalization that gives economic progress in East Asia. First, concerning the dispute that Google Inc. faced with the Government of China. Both are at odds about the screening and surveillance of the U.S. company.

Second, the PRC’s economic growth in 2009 reached 8.7 percent. China’s economic expansion puts most populous country in the world that Japan has the potential to shift the position as the second economic power in the world after the United States.

Of these two issues, there are two factors intersect each other with each other, namely, globalization and sovereignty over it embodies the transformation of the international system. Many observers expect to face globalization and the sovereignty of a new era. Sovereignty will be weakened, marginalized, and even experienced transmutation from globalization.

From these two factors we must understand that the authorities in Beijing did not wish to control the Internet, but it gives a clear line between the delivery of opinions and a threat to communist rule in China.

The same time there are other factors that must be understood. The rulers in Beijing to see the network should be fairly free internet. These include encouraging the growth of baidu.com and alibaba.com as a search portal and the largest market in China. Portal that aims to support and sustain economic growth while supporting the communist monopoly on power.

Feuds or business

Google Inc supported Hillary Clinton’s Secretary of State, which accused the authorities in Beijing to infiltration of Google. China denied the accusations. However, Google should understand that China’s economic power is supported tremendous human resources that have special skills, able to operate an extensive system, technologically sophisticated, with an unlimited range of conduct Internet filtering in mainland China.

As mentioned above, another factor must be understood in telescoped internet network problems, namely the sovereignty and globalization. These factors are clearly understood and firmly by the various U.S. companies. China could shift the center of information and communication technology is also well positioned as the main pillar of the world of innovation.

Changes in landscape and the global conflict is obviously going to put Google Inc. reassess its position in dealing with Beijing. Because, in the evolution of globalization presents new phenomenon, but comes to competition between countries, as well as factors inherent sovereignty, universal values, there are also factors of competition between companies of a country. For example, Google Inc. must compete with Yahoo! and Microsoft to capture the China market.

China’s internet network to realize an important part and are integral to maintaining economic growth. Google Inc. was aware of China has the potential lucrative market for advertising that motto, “Not Doing Evil”, should be able to justify feud with Beijing and the business benefits it contains.

admin | Company Info | 02 15th, 2010 | No Comments »

Indonesia Stock Exchange (BEI) will call the management of PT Matahari Putra Prima Tbk (MPPA).

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.

admin | Portfolio | 02 15th, 2010 | No Comments »

To strengthen and enhance economic cooperation, including trade and investment, ASEAN countries and China agreed to free trade agreements. Ratification of cooperation related stipulated in Presidential Decree No. 48 of 2004.

ASEAN economic cooperation, China is expected to improve the welfare of the people in their respective countries. In order to realize the big dream, agreed to reduce trade barriers so as to create trade with lower cost. In addition, also agreed to increase trade and intra-regional investment and improve economic efficiency.

Steps to achieve that, among other things, with the progressive elimination of tariff barriers and trade nontarif in all things. Liberalization of trade in goods and services progressively with a significant sector coverage. So, where is the position of the agricultural sector in the ASEAN-China FTA is this?

Free Trade Agreement ASEAN-China (FTA) for the agricultural sector is actually a reaction to the breakdown of negotiations related to the liberalization of the agricultural sector in the World Trade Organization (WTO).

It is difficult for Indonesia to reject this free trade agreement. Denial will only make isolated from Indonesia regional trade stage. On the other hand, reject the ASEAN-China FTA is not automatically going to make a strong domestic economy.

Without accepting the ASEAN-China FTA too, would be inundated Indonesia imported products from China, which entered through the ASEAN countries other, which previously had been tied to regional cooperation.

Meanwhile, when Indonesia was involved in the ASEAN-China FTA, also not without problems. Indonesia, with 230 million inhabitants, is a very big market for commodities and products in China. Prior to the ASEAN-China FTA implemented, various products from China are flooding the Indonesian domestic market.

Many Indonesian commodities and products that are difficult to compete with imported products from China. In fact, the industry producing these products, as well as the cultivation of agricultural commodities, become the foundation of life of millions of people of Indonesia.

As a nation, Indonesia did not need to lose heart against this wave of free trade as long as all the “homework” that is, since the ratification was signed in 2004, done and done well. That homework is to increase capacity and production quality so that the competitiveness of commodities and products of Indonesia increased.

Minister of Agriculture Suswono states, the ASEAN-China FTA is a policy that was agreed upon. Therefore, a better effort when faced with increased capacity, production, and quality of Indonesian agricultural commodities. This was necessary because Indonesia can not survive forever strategy. Sooner or later, free trade will happen.

Therefore, the government will encourage greater export competitiveness of superior agricultural products, such as oil palm, rubber, chocolate, mangosteen, salak, pineapple, and other horticultural commodities.

For plantation subsector, perhaps Indonesia does not need to worry. Balance of trade in Indonesian plantation products-China post-EHP (early harvest program / acceleration of the reduction or elimination of tariffs) is positive and rising.

In the year 2004 the trade balance of plantation products-China Indonesia surplus only 763.63 million U.S. dollars, year 2008 rose by almost three-fold to 2.757 billion U.S. dollars.

According to the Director General of Processing and Marketing of Agricultural Products Ministry of Agriculture Dennis Bacharuddin, from 20 main agricultural commodities exported to China, Indonesia, dominated by plantation commodities. Commodities in the form of primary commodities or processed products.

Plantation commodities that dominate Indonesia’s exports are palm oil, palm kernel oil, rubber, SIR 20, a rubber sheet, oil, copra, cocoa and half-broken broken, polybutadiene styrene rubber (SBR), margarine rather than canned, with a mixture of ammonia rubber, rubber with a mixture silica, as well as roasted coffee does not contain caffeine.

Blow

In contrast to the plantation, food crops, horticulture, and livestock instead faced a serious challenge. Yet these subsectors become the foundation of life most of the people of Indonesia.

Balance of trade in food crops in Indonesia, China 2004 deficit of 43.031 million U.S. dollars. In 2008 the deficit ballooned to U.S. $ 109.531 million.

Horticultural commodity trade balance deficit of U.S. $ 150.282 million (2004) and the 2008 deficit of U.S. $ 434.403 million. The livestock commodity trade balance deficit in 2004 U.S. dollars 7.798 million, and in 2008 became a deficit 17.948 million U.S. dollars.

Although the aggregate trade balance surplus in Indonesia increased, it does not necessarily encourage greater welfare of Indonesian society. Moreover, the three sub-sectors of the hangers having lived the majority of the blows.

Ministry of Agriculture data show, in 2009 the amount of labor in plantation sub-sector is only 19.7 million people or 45.7 percent of total agricultural labor force.

Of the 19.7 million people, only about 8 million people are absorbed in the oil palm and rubber. The rest of the other plantation commodities. Oil palm and rubber plantations cultivated more large, both state and private property.

As for food crops, horticulture, and livestock to absorb more than 30 million workers. Thus, errors in conducting the governance of three subsectors of agriculture that will directly mengimbas on economy joints masses.

Therefore, it is time the government made major steps to accelerate the development of the agricultural sector at any cost. Without the free trade of ASEAN-China will become the gate only the misery of the people.

admin | Economy | 02 8th, 2010 | No Comments »