Merger Lippo-Niaga support by their employees

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Almost 96 percent the employees of Lippo Bank and Niaga Bank  has been supporting their company for merger become to PT Bank CIMB Niaga.  

The employees very optimistic that this condition will be impact significantly for both of them and also after the merger has done, hopely the company will be growing up persistanly more than before.

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Hundreds contractors of government project will be collaps

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Hundreds construction company as a projects partner for local goverment of Jakarta may be will collaps caused by the price increasing between 20 -30 percent of expenses material to finish their projects currently.

The increasing of oil price in the world at this moment also has been influence to our domestic fuel price and it has been impactly for the local government of Jakarta to decrease their projects budgeting.

This condition also will be impact directly and very significant to the contractors who handle the government projects. The contractors will be loss or collaps if the projects still continue with no price adjustment for the material (escalation material).

Actually, the government of Jakarta, Fauzi Bowo was agre to giving some compensation for the contractors to adjusting their price of material between 10 – 20 percent increase, but it will be depend on the central government decision.

Rp. 100 billion, targets for Pakuwon Grand Expo Exhibition at Surabaya

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King of property business in Surabaya, Pakuwon Group has been launching their property projects which development at Jakarta and Surabaya by Pakuwon Grand Expo Exhibition at Atrium Tunjungan Plaza III, Surabaya. 

The schedul for exhibition was began since July, 16-20, 2008. At this moment, the company was targeted the sales transaction around Rp. 100 billion.  

Director of Pakuwon Group, Richard Adisastra very optimistic that the target will be realized by the company on that property exhibition.  

To realize the target, Pakuwon also offers theirs consument to buying the residencial or apartments with no interest charges for five years, so don’t be late to take this opportunities (www.bisnis.com).

Inflation still under controlled by BI

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The Central Bank (BI) is very optimist that the inflation today will be decrease and still under controll by some BI’s monetary instruments. 

The increasing of inflation in our country currently was more caused by volatility of oil pricing in the world. 

Finance Minister, Sri Mulyani said that the Government Revenues and Expenditures Budgeting (APBN) is still safe for today, while the oil price will reaching till US$ 150/ barrels. 

This statement’s has bringing the positive influence automatically for our society and market to more confidence. 

BI will always ready to prepare all of monetary instruments to anticipate the worths economic condition in the world which impactly our domestic economy.  

Lion Air will landing at Jeddah and Riyadh, Arab Saudi

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In the global market competitive airlines today, PT Lion Mentari Air (Lion Air) has plan to serving an additional flight number to Arab Saudi. 

Corporate secretary of Lion Air, Hasyim Arsal Alhabsi said that the flight number to Arab Saudi will focus on two city, there are consist of Jeddah with six fligth number and Riyadh with one flight number in a week.  

Lion Air will adopting full service airlines consept to realize this expantion. While, the aircraft will using by Lion to realize this plan are Boeing 777 and B787 or B737-900ER. 

Government has been giving the positive opinion with this plan, and currently Lion Air is only waiting for Multi Designated Airlines approval’s from Arab Saudi (www.bisnis.com).

Economic growth 2008 will be 5,85%

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The prediction of economic growth in 2008 will be decreasing become to 5,85 percent. It was caused by instability of macro economic condition on increasing of oil price in the world and also our high inflation today. 

Some factors which very influence the decrease of economic growht are consist of interest rate with not attractive and not responsif for sector real, decreasing of investation and demand for entirely. 

The inflation year on year (yoy) has prediction will be rebound on level 12,5 percent. While, the volatility of exchange rate will be suistanable at level Rp. 9.375/US$ by intervention from central bank even an oil pricing in the world will increase till US$ 160/ barrel (www.okezone.com).  

Indonesia is the largest CPO producer in the world

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As the world’s largest Crude Palm Oil (CPO) producer, Indonesia will always concern regarding current policy for this commodity, especially for export duty. 

Focus on CPO, government always set the export duty every month. On February 2008, the goverment issued a new progressive tariff for export duties which states that CPO priced between US$1,100 and $1,200 per ton will incure a duty of 15 percent.  

If the prices ranging of CPO is between US$ 1,200 – US$ 1,300 per ton, the export duty will be 20% and for more than US$ 1,300 per ton the duty for export of CPO will be 30%. 

According to the Central Statistics Agency (BPS), total Crude Palm Oil (CPO) exports Indonesia in May reached 1.8 million tons with a total value of $1.9 billion, up from 655,000 tons in April with a value of $690.1 million.  

Indonesian Palm Oil Association (GAPKI) estimates that the country will produce 18.4 million tons of CPO for 2008. 4 million tons of which will be sold domestically, to be used as a raw material for cooking oil, while 300,000 tons will be used to make biodiesel and the remaining 14 million will be exported to overseas (www.thejakartapost.com). 

BI rates increase 25 basis point

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The Central Bank of Indonesia (BI) rate’s was increase 25 basis point, from 8.5 percent become to 8.75 percent. 

This condition will be bringing the positives influence to appreciate our currency (IDR) at level Rp. 9.200/ US$ and also of course, it will be able to support the decreasing of our inflation currently. 

Beside Indonesia, it was so many countries includes European region will do the same action, except United States of America (USA) which consistent at level 2% for The Federal Reserve Bank (The Fed) rate’s. 

Negatives influence caused by increase of BI rate’s is the decreasing of credit banking expansion (www.mediaindonesia.co.id). 

Danamon has implementing Flexcube program

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PT Bank Danamon Tbk has implementing Flexcube program from Oracle (one of market leading for information technology solution in the world) for their business in Self Employed Mass Market (SEMM). 

Danamon agree and will using this program to expand their networking in micro financing area which called is “Danamon Simpan Pinjam (DSP)”.  

Flexcube as platform core banking for DSP business and it will be more easier, quick and also very innovative for service banking. 

DSP was designed to cover a small, middle and micro enterprise business needed in Indonesia. 

DSP business as a strategic vision of Danamon Bank and it will developing million peoples who needs the solution for special design with more quickly, safety, completely, and also similar with convensional banking. 

The transformation project for core banking in Danamon is one of the bigger implementation for core banking in ASIA region. 

Danamon only need 5 months to implementing this program in their 700 branchs office in Indonesia. 

Currently, Danamon Bank is the second posisition for private national bank and in the fifht largers for commercial bank in Indonesia (source information from IndoPacific Edelman for Oracle ASEAN: syamsul.arief@indopacedelman.com). 

ORI-005 will be issue on September 2008

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Succes issued Retail Government Bond (ORI) since first issued (ORI-001) till fourth issued (ORI-004) has making our government optimistic by continued to issue the fifth retail bond number 005 (ORI-005) on next September 2008. ORI-005 will have a five-year maturity, and the yield will be compared to other five-year bonds in the market.  

The government who reprentative by Rahmat Waluyanto, Director general of debt management assure that the yield of bond will be more attractive than deposit rates currently.  

The government was raised Rp 13.46 trillion (US$1.46 billion) from its last retail bond, ORI-004. From the total offered from February to March, this year, close to 4,000 Indonesians, 22 percent of them housewives, bought the bonds.

Domestics investor were more interested in buying short-term and zero-coupon bonds, while foreign investors preferred long-term bonds (www.thejakartapost.com).   

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