Yuan adjustment Trade Minister: It's Show of Leadership of China


China’s government step in creating more flexible Yuan praised by Minister of Trade Mari Elka Pangestu. This step show talent China’s economic leadership in Asia.

“We really appreciate what China because of what China will help the adjustment of import and export of domestic consumption we are doing in their respective countries. This shows China’s leadership in this area,” he said on the sidelines of economic forum Ernst and Young in Graha Niaga , Monday (06/21/2010).

Yuan currency adjustments, he said, shows how the role of China in the Asian region is quite dominant. Only, Let’s still not so sure that the Yuan may soon become one of the major currencies in trading. Because, Let’s assess the Yuan is not fully comfortable position because it is still full of capital flows. Therefore, the U.S. Dollar and the Euro is still dominant.

Adjustment of exchange rates and economic growth in Asia supported will make more money flows into the Asian region. Therefore, this condition should be exploited also by Indonesia. “How we use those funds, not only entering the capital market, but foreign investment into the real sector. That’s what we expected,” he added.

In addition, the Indonesian government should also continue to concentrate protect local industries, especially iron and steel industry, footwear and textiles with specific policies or programs co-investment with China. Section, the Asean-China Free Trade Area can indeed be ‘threatened’ third sector.

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OCBC NISP and Hana Road Together

KOMPAS.com – NISP, OCBC Bank and Hana Bank signed a strategic cooperation for the sake of looking for value-added potential of each. As the information received on Monday (21/06/2010), includes various aspects of collaboration including the areas of treasury, remittances, corporate banking, trade finance, and so forth. In addition, both banks will increase the potential customers, especially in the case of a network to serve customers in Indonesia and Korea.

Present on the occasion among others, President Director of Bank NISP, OCBC Surjaudaya Parvati and CEO & President Director of Hana Bank Choi Chang Sik.

Hana Bank in Indonesia since March 2008 with total assets as of 2009 reached USD 1.844 trillion. Hana Bank Hana Bank-owned by Korea’s 75.1 percent, the International Finance Corporation (IFC-World Bank subsidiary), 19.9 percent, and Bambang Setijo 5 percent.

Meanwhile, the Bank has stood in Bandung, on April 4, 1941, as of March 31, 2010 with assets of Rp 35.8 trillion. In running a business that focuses on the SME and consumer sector, the Bank has received support in various fields of OCBC Bank as its controlling shareholder (74.73 percent).

Outlets "Indonesia Is Creative" Opened

- By enticing tourists and foreigners to buy products made in Indonesia, the Ministry of Commerce (Kemendag) opened a store that sells a variety of typical food products, handicrafts, as well as superior product areas in Indonesia in Terminal 2D Departure of international flights at Soekarno Hatta Airport , Bantam, Monday (21/06/2010).

Outlet that is named “Indonesia Is Creative” is spelled out because of the strategic pass that will move passengers into the aircraft. Dus, buyers and tourists who intend to leave Indonesia will find this outlet.

“The shop is a showcase of the creative industry leading products, due to the weight of historical heritage and creativity of the creative industry products from 14 sub-sectors, namely fashion, crafts, and others,” said Trade Minister Mari Elka Pangestu.

Indonesia Is Creative has been in operation for two months. A number of products sold as Toraja coffee, coffee coffee Bali even mongoose. In addition, these stores also sell many different crafts as well as traditional fabrics such as batik, weaving, and jewelry.

These items were supplied by small and medium enterprises (SMEs), with most of them are state-owned SMEs and Kemendag coachee. Meanwhile, in the management of these outlets Kemendag collaborate together with PT Indonesia Creative Square which is considered experienced in managing the sale of SME products