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Number of Automated Teller Machine cards (ATM) and debit cards continues to grow. According the latest data of Bank Indonesia (BI) as of end April 2010 the number of ATM cards and debit cards increased by 0.58 million from 45.88 million card on the card in March 2010 to 46.46 million cards.

The details: 84 732 ATM cards cards growth or increased 2.36 percent compared to the position in March 2010, from 3.60 million to 3.68 million cards cards. As for debit cards grew from 42.28 million 495 517 cards in the card in March 2010 to 42.78 million cards.

Nevertheless, the value of an ATM card transactions and debit card declined. ATM card declined 4.23 percent amounting to Rp 134.87 billion. As of March 2010, the value of an ATM card transactions is still USD 3.19 trillion. However, in April 2010 the transaction value to Rp 3.05 trillion. While the value of debit card transactions slumped 4.58 percent, or Rp 7.24 trillion, from Rp 158.2 trillion to Rp 150.97 trillion.

Currently, there are 89 ATM and debit card issuers that consists of 47 bank issuing the ATM card and debit card issuing bank 42. As of March 31, 2010, three new ATM card issuer, namely the People’s Credit Bank (BPR) Danagung Abadi, PT BPR Danagung Ramulti, and PT BPR Danagung Bakti.

admin | Bank | 07 6th, 2010 | No Comments »

International rating agency Moody’s Investors Service revised the outlook of Indonesia’s foreign debt ratings to positive from stable. Currently, the ranking of foreign debt in foreign currency (forex) as well as the local currency at the level of Ba2.

Indonesia’s debt rating outlook revised open the opportunity to increase Indonesia’s debt rating to investment grade levels within the next year. Indonesia still needs as much as two-level increase in ratings again before reaching the level of investment.

In a press release, Moody’s said the positive outlook reflects the strengthening of the Indonesian economy to continue sustainable growth. This is balanced by the effectiveness of fiscal and monetary policy stability, as well as expectations of
improvement of government finances and debt position.

“Macroeconomic fundamentals, the government debt ratio continued to decline, and fiscal policy support and a smooth careful structural reforms, an expected positive momentum can be maintained in an effort to target investment grade,” said Agus Hartadi Sarwono, Deputy Governor of the Bank Indonesia, Monday (21/06/2010).

Revision of Indonesia’s debt outlook from Moody’s is in line with expectations and it has been properly changed for the better prospects for Moody’s noted lower compared with the prospect of a set of Standard & Poor’s (BB / positive) and Fitch (BB + / Stable).

Principal analyst for Moody’s to Indonesia’s foreign debt, ie Aninda Mitra, and Thomas J. Byrne, said the key to economic growth in Indonesia is a large domestic market which is managed appropriately within the framework of economic policy and has been well tested. They also claimed, several external disturbances such as the instability in some European debt markets are not serious about the fundamental implications of Indonesia’s debt is fixed on an improving trend

admin | Company Info | 07 6th, 2010 | No Comments »

There’s good news for investors holding shares of PT Telekomunikasi Indonesia Tbk (TLKM). Red plate this company going to divide the profits from net income in 2009. The plan, Telkom will pay dividends as much as 50 percent of the total net income.

This is based on the results of the General Shareholders Meeting (GSM). Telkom decided to distribute dividends of Rp 5.14 trillion, or Rp 261.4 per share. Divinden This has included an interim dividend which was distributed in December 2009 amounted to Rp 524.1 billion or USD 26.5 per share.

Investors will receive dividends are shareholders of record on July 12, 2010. The plan, dividend distribution will take place July 26, 2010 later.

In addition to dividends, Telkom will also make the remaining net profit of Rp 5.66 trillion as retained earnings. But Telkom is not obliged to set aside a reserve fund.

admin | Stock Exchange | 07 6th, 2010 | No Comments »

Bank Indonesia (BI) to assess China’s strengthening currency (yuan) will have a positive impact to the Indonesian economy, particularly in the trade sector.

“With a faster yuan appreciation than the amount it will certainly make China’s goods more expensive, while the prices of our goods to China cheaper,” said Director of Economic Research and Monetary Policy (MGD) Perry Warjiyo Bank Indonesia, in Jakarta, Monday (21 / 6 / 2010).

Nonetheless, Indonesia’s exports to the country “Bamboo Curtain” was more the form of commodity-based natural resources so that its growth will depend on market demand.

“Exports of commodities is relatively insensitive to exchange rate movements, but rather on the strength of demand there. With China’s growing economic strength, our exports will continue to grow,” he said.

Perry explains the financial side, the impact of the strengthening yuan against the map does not have significant capital flows in emerging market countries, including Indonesia. “Appreciation of yuan will not be drastic, but still within the range of flexibility in order. Flows of capital into Asia’s currency will gain was not a big difference to Indonesia with a stable rupiah,” he explained.

He predicts, with China’s economic policy changes that began to shift from relying on export growth to domestic consumption, the tendency of strengthening yuan will happen.

As is known, the United States and several other countries want a yuan revaluation. Minister of Finance of the United States Timothy Geithner said last week that China revalue its currency refusal had prevented a global economic reform.

China adopted a floating exchange rate regime is limited from mid 2005 and were frozen in July 2008 on the position of 6.83 yuan per U.S. dollar.

International pressure on China has strengthened with the plan dealt with the controversial currency policy of China which will be discussed at a summit of Group of 20 member countries (G-20) in Toronto on June 26 to 27.

admin | Company Info | 07 6th, 2010 | No Comments »