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Archives: October, 2008

90.000 contractors will be collapse

90.000 contractors company who handle some construction projects at this moment maybe will be collapse related by the global crisis, eventhough our government has been adjusting some contract-escalation with the current condition.  Now, Indonesia have most of 180.000 contractors company who handle some construction projects with 15 million of employees, includes the contractors company who owned [...]

BI must be reponsible to avoid Indover Bank’s Bankruptcy

State-Owned Enterprise (BUMN) Minister, Sofyan Djalil claims that the Central Bank (BI) should be responsible and focus to finish the BUMN banking current assets in NV. De Indonesische Overzeese Bank (Bank Indover) who has been bankruptcy process by Deucth Central Bank.  The Central Bank (BI) as the one or single stockholders of Indover Bank must be [...]

Danamon’s performance in the 3rd quartal is better than 2nd quartal

Credit’s growth of Danamon Bank was reached 33 percent Year on Year (YoY) till the third quartal of 2008. This credit’s growth was supported by mass market segmen and consumer finance segmen.  Until September 2008, Danamon’s credit has been growth to the amount Rp. 16.4 trillion, become to Rp. 66.5 trillion.   While, Earning After Tax (EAT) [...]

Oil price was decreased become to US$ 86/ barrel

Demand of oil raw material has been decreasing by continously. Now, oil consumption average was reached 18,7 barrel per day has decrease till 8.6 percent from the last year.  Oil market has depend on the decreasing of stock price in the global stock market. Although international banking institution has coordinating to decrease theirs interest rate but [...]

Jamsostek was lossed Rp. 5.4 trillion

In a global financial crisis currently, there are so many individual and institutional investors have been loss theirs stock in stock market. For example, Jamsostek as a government state-own company (BUMN) claims that the stock price’s decrease also has been influence their investment, and the company has loss around Rp. 5,4 triliun on Oct 08, 2008. 

US$ 258.3 million for Astro’s compensation

Astro demands US$ 258.3 million (Rp. 2.46 trillion) as a compensation from Lippo’s subsidiary PT Direct Vision in a joint pay-TV operation in Indonesia.  PT Direct Vision (DV) was failed to complete the joint venture agreement with Astro, the company should be paid some compensation to Astro for theirs support and services had provided to DV. 

Alternative countries for export oriented

Financial crisis in United Stated of America (USA) should become to some opportunities to Indonesia for to be a better than before. Indonesia must be decrease some USA’s dependencies. Now, our economic system always depend on USA’s strenght who bringing the big influence in international industry.  Beside USA, Indonesia must be thingking to find some alternative [...]

Bank Mandiri cancel the acquisition of Indover Bank

Executive Vice President Coordinator Change Management Office of Bank Mandiri, Haryanto T Budiman, announcing in press release that Bank Mandiri was canceled the acquisition of Indover Bank. The formal letter also was sent to Central Bank, Finance Minister and BUMN Minister since Thursday (25/09/08).  This decision is also related by the global financial crisis currently, before [...]

UEA supporting Indonesia to invite their investor

Finance Minister of Uni Emirat Arab (UEA), Obaid Humaid Al Tayer has comitt to supporting Indonesia for invite some investor from Middle East Region, especially in UEA. The investment can be release by direct investment or syariah bond (sukuk) investment. This statement was declared by Obaid to Finance Minister of Indonesia, Sri Mulyani Indrawati at ASEAN Finance [...]

Credit’s growth increase more quickly than the target

If we compare from the last year at the some period, our credit’s growth was decrease on last month (September 2008). This condition is the banking responsiveness refer to the treath of credit’s growht more quickly till 36 percent (year on year/ YoY at August 2008) from the target which only 24.6 percent .  While, on [...]

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