World Oil Price Rise

NEW YORK, SATURDAY - turn the world oil price rise (rebound) local time on Friday as the market oscillate between a concern after OPEC reduce its production and the International Energy Agency (IEA) at the unexpected sharp decrease global oil demand projections.

New York main contract, light sweet crude oil for delivery in February, up 1.11 U.S. dollars to be closed at 36.51 U.S. dollars per barrel on the New York Mercantile Exchange.

Oil Brent North Sea crude for March delivery on the stationary 46.57 U.S. dollars per barrel in London Intercontinental Exchange. February contracts fall due on Thursday at 44.69 U.S. dollars.

"On the one hand, people focus on the decline in OPEC crude oil production, on the other hand IEA revised down the projected oil demand in 2009 and put pressure on oil products," said Andy Lipow of Lipow Oil Associates.

Oil prices have fallen on Thursday amid concerns economy, rising U.S. energy reserves and the projected new demand for OPEC decline in 2009.

On Friday, the International Energy Agency followed similar steps, lower oil demand projection.

IEA says the market demand contraction since the first two years 1982 and 1983.

Observers energy is added, the revision would like to anticipate the sharp decline in global economic growth and has become a halve estimate only 1.2 percent "providing prospects worsened."

According to him, the IEA to lower projection oil demand in 2009 of one billion barrels per day (DSL) DSL to be 85.3 billion, reflecting a 0.6 percent decrease from the 2008 revision.

For 2008, IEA put global oil demand at 85.8 million DSL, down 0.3 percent, adding that, "two years of contraction in oil demand will be the first since 1982 and 1983."

In a regular monthly report, IEA noted that OPEC production in December down one million DSL from September and down almost two million DSL from mid-2008 when oil prices reach record high above 147 U.S. dollars per barrel.

OPEC production is already down 4.2 million barrels per day in last-month, in an effort to push prices, warned on Thursday, global oil demand contraction will be greater than the estimated 0.2 percent this year amid the economic crisis .

In 2008, global oil demand is estimated to have 0.1 million DSL contraction, "the first decline in more than two decades," said OPEC is producing about 40 percent of world oil.

Capital Small, Big Profit

Since appear, business distribution outlets (distribution) more attractive. Now, business is increasingly mushroom in every city in Indonesia. In addition to the minimum capital, this business can also produce benefits that folded. Have distribution of the target market is young, has a rotation of money very quickly because of the young always follow the fashion.

Population of young people in Indonesia is quite large, although they do not have a fixed income, but their purchasing power is quite sizeable. The reason for this is the trigger Gus Suroso (27) to establish Brickwall, distribution in the area Sagan, Yogyakarta.

Although the new open mid 2007, but have Brickwall own market segment. A course, young people aged 15-25 years, high school students, and students. However, with consumers aged 40 years and above are also many who Brickwall. "The om-om, fathers are also many," said Agus.

The development of distribution in Yogyakarta very rapidly. Up to now there are more than 55 distribution in the entire Yogyakarta. Agus mention, with the number of competitors would create a distribution business management increasingly crowded.

For the campaign, Agus be regarded diligently spread brochure. In addition, he also made souvenirs, such as bracelets and stickers to be distributed free to consumers who have come. Be regarded a successful business. Evidence, he can reach the turnover to 35 million per month.

Brickwall offer new design and does not produce in the amount of bulk. Therefore, he claimed to always claim to have any creativity. Especially in the various products, such as t-shirt and a jacket. "Limited edition products, to design a shirt just to make a maximum of 1 dozen. Therefore, creativity can not be discharged," he said.

He said, actually do not need to issue a lot to start investing in the distribution. Self Rp 500,000, may have been trying in this business. Of the funds used to make clothing with some interesting design. To sell it, live approach to the conduct personal friend.

However, at the opening Brickwall Agus, he need capital of Rp 18 million that he spend most of the decorations for the store. "If the capital for the product is not large. But for the decorations and store it out a lot," said Agus.

In the relatively long time, Agus already can feel behind the capital. For retail sales, a shirt can benefit between 20 percent to 30 percent. He hopes in the near future, will back the distribution in various other areas.

U.S. Ready to Rebut Throne Italy as World Consumer Biggest Wine

PARIS, TUESDAY - of fact, the world will never enough to get the wine. Know the origin, the global wine consumption has increased in the last few years. Reports released by the International Wine and Spirit Record on Tuesday (13 / 1) yesterday show that in 2012 the U.S. will take over the position of Italy, which is known as a wine consumer in the world.

The middle market also enthusiastic with the wine market is emerging in China and Russia. Consumption predicted they would take the position that Spain is also equipped with a rope-temali with wine in the amount not less.

The global wine production and consumption of wine will climb predicted. Wine production will grow 3.83 percent during the 2008-2012 to 3 billion krat. Meanwhile, the world's wine consumption will increase at 6 percent in 2008-2012 to reach 2.8 billion krat.

The report also shows that the U.S. will "pull out of power" that Italy is known as the largest non-consumer Sparkling wine, in the year 2012.

Know the origin, the year 2007, Italy took over this position of France, who is also the neighboring wine producers. Italy krat purchase 299 million. However, it predicted, the U.S. will buy 313 million krat in 2012.

People have to spend U.S. funds to buy more wine instead of other countries. In 2007, U.S. citizens have been jail his money almost 22 billion U.S. dollars to buy the wine. This be by market research company that wine and based in London.

Expenditure for the purchase of Russian wine folded two times bigger in the years 2003-2007 and is expected to reach 6.5 billion U.S. dollars in the year 2012.

Three countries biggest wine producer in Europe, namely France, Spain, and Italy, among them has produced half of wine in the global market. They must appear difficult because of competition from a number of countries such as wine new U.S., South America, and Africa. (Cash)

Push Growth Credit, Indonesian Bank Remove Rules

JAKARTA, WEDNESDAY - Bank Indonesia (BI) will issue regulations to provide a respite to the banking sector in giving credit. This policy is to support the credit growth target in 2009 is about 18-20 percent. "

There will be rules to give leeway to the bank so that the more freely to make a breakthrough. Details later on January 30 will be described, "said Deputy Governor of Bank Indonesia, Muliaman Hadad Economic Outlook seminar in the Banking and Property in the building BTN, on Wednesday (14 / 1).

Muliaman said until the beginning of the year 2009 is not looking activity supporting the growth of credit. However, he estimates the second quarter will begin to look their indicate. The fiscal stimulus provided by the government and the addition of the national budget deficit in 2009 to be 2.5 percent of GDP will impact on economic activity.

In addition, BI has also been lowering interest rates mind (BI rate) is considered so safe for banks to reduce credit interest rates. With the decline in interest rates, the real sector will also be moving and trigger economic growth 4,5-5 percent. "This will encourage credit growth," said Muliaman.

In addition, to anticipate the economic shock in 2009, BI also expects banks to increase capital reserve fund or cushion. "I like as Shockbreaker in vehicles can hold jolt if the road is broken. So danadi additional capital as a cushion to muffle risk operational and a decrease in CAR," he said.

Thus, banks are expected to stand still in 2009.

Police Wait Witnesses Century Case

Okezone,JAKARTA - The investigation continued to shareholders of PT Bank Century Tbk (BCIC) Robert Tantular not bear results. The National Police Headquarter still complete the related case of this witness.

"Still not there (the results). We are more complete first witness, if he only would he avoid a suspect," said Dir II Special Economic Bareskrim National Police Headquarter Brigjen Edmon Ilyas, the National Police Headquarter, Trunojoyo Road, Jakarta, on Tuesday (16/12 / 2008).

However, Edmon ensure that, when this has been Robert undergone inspection. Meanwhile, two shareholders, other than Edmon is a foreign citizen (WNA) Pakistani origin have left Indonesia. "They are not there. When would be reported here and want to be caught, he is not there," he said.

Edmon add, other than the liquidity crisis Century Bank, Robert also defined as suspect cases of misappropriation of funds PT Antaboga Securities. "Yes, Robet Tantular affected two cases, namely the (Bank) and Antaboga Century, with two separate cases," he said.

Until now, while the losses due to embezzlement of these funds has reached Rp1, 4 trillion, because not all victims report.

"It me to Bapepam on this issue so the responsibility of whom? During his (Century and Antaboga) does not deviate from that. When there are new cases and violations we were informed," he said.

Meanwhile, the afternoon was a men Setiadiwongso named (62) reported loss was Rp500 million. "I am interested in buying products from Antaboga Century offers because this product is not subject to tax, the same as deposits, but if the deposits have been no tax. In addition, 15 percent interest, because I was interested," several Setiadi.

Setiadi who yesterday had to Bapepam hope this problem can be resolved. "The government must protect the public because the community I know about this. Where is the trick, which baseball? Know the information it Bapepam," he said.

Sometimes known, Robert is considered to have affected the directors and officers of Bank Century, so the bank can not perform its obligations.

Increased unemployment, the Government must Anticipation

Kompas,JAKARTA, THURSDAY - The government is expected soon to anticipate the increase in unemployment due to termination of employment (lay) following the global crisis that occurred at this time. Moreover, growth of productive age continues to increase each year. It is estimated in 2009 will reach 171 million people.

"The problem of unemployment is more serious due to lay the waves triggered by the global financial crisis that started from the economic crisis in the United States," said Suwartoyo, researchers Research Center for the Indonesian Institute of Sciences (LIPI) in a panel discussion on Building LIPI Jakarta on Thursday (18/12 ).

Global crisis, according to Suwartoyo cause order importers reduced. As a result, production is reduced. Moreover, at the local level, the market must compete with China's production of cheaper quality that is also good. "Finally, lay must be done to reduce the burden of the company," further Suwartoyo.

Data from the Ministry of Labor and Transmigration record 69,343 workers have been pitch-and lay dirumahkan including planned. These figures since the 22 October to 2 December 2008. "The number of riilnya certainly greater, due to many companies that do not report the case to lay Depnaker local," he added.

The distribution of employment creation, information Suwartoyo, needs to be done by adjusting the potential of the region. Next to improve the quality of people with education, skills and work ethics to improve the competitiveness of products.

The government also must firmly stop illegal import according to the Ministry of Trade Decree No.44 Year 2000 on certain Conditions Import Products. "This step can increase the competitiveness of the commodity in the domestic market," he said.

Caution, threatening Delinquent Credit Banking!

KompasJ,AKARTA, FRIDAY - the world financial crisis, which is estimated to still be felt in 2009 will trigger the increase in bad credits (non-performing loans / NPLs) in the national banking industry. "All the banks will be affected by the credit problems it is not a private bank with the exception of national and foreign," said economist Dradjad Wibowo in Jakarta, Friday (19/12).

According to him, the problem credits in the state-owned banks likely related to credit in the mining sector, plantation, and some of the properties. Meanwhile, on the other bank credit in most sectors of consumption, and some properties.

Dradjad also a member of the House Commission XI, then said, the risk of bad debts in some sectors is currently experiencing an increase. Especially in the plantation sector, mining, property and consumption.

The larger its problematic credit in some sectors was due to falling commodity prices, it will disturb the flow of cash revenues. Conditions that make outstanding debtors will be difficult to pay off its debt, he said.

In addition, the outstanding debtors is also facing liquidity difficulties. Because, importers who purchase goods from the original pay one month to two months. Because, they ask for suspension of payment. "With the credit risk and liquidity risk will increase the NPLs. This needs to skeptical by the banks," he said.

He said that NPLs will rise to above three percent. Therefore, he requested that the banking industry can To increase the potential NPLs from now, so the increase is not significant.