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.

Japan Central Bank, wedged Follow in the Fed

TOKYO, WEDNESDAY - The courage Fed cut interest rates to the level of the tribe that nearly approaching zero, 0.25 percent, appears to raise the kind of expectations the Bank of Japan. This didesak the central bank to slash interest rates tribe more than twice as big by government efforts to bolster the economy hoop sunrise this country.

The owners of capital to see this opportunity as much as 52 percent that the central bank will cut overnight call rate from 0.3 percent in their meeting this week. Scheduled meeting the central bank intended finished on Friday (19/12).

Meanwhile, Governor of the Bank of Japan governor Masaaki Shirakawa has been suggests that the government is still reluctant to slash interest rates reference it again after this morning for the first time during the seven years in October. Still, according to Shirakawa, he received pressure after Finance Minister Soichi Nakagawa ask the central bank to calculate more carefully to prevent a recession in the yen and maintain the conservative interest rate of erosion by the Fed.

"The combination of a weak domestic economy, Send yen on the U.S. dollar, and political pressure on the BoJ, the central bank will be forced to move more quickly to calm the market," said said John Richards, Head of Debt Markets Strategy at RBS Tokyo. Richards predicted, interest rate BoJ will move in December or January.

"The central bank is likely that the tribe will not cut interest rates to be 0.10 percent on Friday this," said Tomoko Fujii, Head of Economics and Strategy of Bank of America Corp. in Tokyo.

JPMorgan, Mitsubishi UFJ Securities Co., and Capital Economics Ltd. also has a similar prediction for the BoJ trimming interest rates as soon as possible after clearing the Fed.

"BoJ know that they need to reduce interest rates this immediately so that no economy to worsen," said Teizo Taya, advisor Daiwa Institute of Research, which also had members sitting in the chair the central bank. He added, "Investors think, later, now or later the central bank must immediately move even though they do not cut interest rates this week the tribe. The pressure also led to the government there (decrease interest rates).

Madoff One gimmick Social Foundation

Kompas, New York, SATURDAY - Bernard Madoff vessel not discriminate deceptive. Ponzi scheme after it confuse the blue-sector financial, social foundations shift point. Madoff own thousands of suspected fraudulent investors to value losses 50 billion U.S. dollars.

In New York, the foundation classmates Picower Foundation, said the money lost 1 billion U.S. dollars as confident in the management of the elders to the capital market is Sam.

Barbara Picower, which together with her husband established the foundation in 1989, said Saturday (19/12), bringing losses to the impact of destroying hundreds of social activities for the middle run.

Ponzi scheme known as the name is taken from Charles Ponzi perpetrator first-deception and indirection in the investment world in 1919, promises to yield or return from a very high financing. However, reverse it, or the fees charged in fact very low.

In fact, the perpetrator of this deception and fraud just to pay a yield customers with the money coming from a new customer. This circle can continue cheating during the new investors are still entering.

Stock index had the stronger More

TEMPO Interactive, Jakarta: Analysts estimate cutting interest rates the Fed, the central bank the United States, still provide opportunities to the strengthening of the combined stock price index on Thursday (18/12) today.

The policies the Fed cut interest rates 100 basis points to 0.25 percent is the lowest throughout history. "It gives euforia cutting, which dominates the increase in domestic stock markets and Asia," said PT Optima Securities analyst Ikhsan Binarto, Thursday (18/12).

In the closing trading stock on Wednesday (17/12) yesterday, the index appreciating 21,148 points (1.57 percent) to 1363.984. Trade shares to record transactions of 60,748 times, with a volume of 2,615 billion shares or units worth Rp 2,358 trillion.

Meanwhile, this Thursday, Ikhsan continue, the target of strengthening the index likely to reach 1410 levels. "And along the lines of profit Taking (Needless to take action), but with a healthy way," he said.

Meanwhile, the daily movement of the index is estimated to be in the range of 1.330-1.410. With stock options: SMCB, Incidentally, ISAT, BMRI, and ASII.

Continuous stronger IHSG

TEMPO Interactive, Jakarta: Strengthening the combined stock price index in the Stock Exchange of Indonesia is predicted to continue on Tuesday (16/12). One supporter is penguatannya action emiten beautify the investment portfolio towards the end of the year (the window dressings).

"Window dressings will still be ongoing," said Optima Securities analyst Ikhsan Binarto via electronic mail to Tempo, on Tuesday. Another factor is the strengthening of positive sentiment in the decrease of fuel oil, which can slow inflation.

He predicts the index will move today stronger in the range of 1,310 -1,370. Stock options are recommended Holcim Indonesia (SMCB), London Sumatra Indonesia (LSIP), Bakrie Sumatra Plantations (UNSP), Timah (TINS), Bumi Resources (BUMI).

Previously, the closing trading shares on Monday (15/12), the index melejit to the level of 1359.278, or appreciating 96,310 points (7.6 percent) compared to Friday last week. Shares trade on Monday as the record transaction volume of 63,286 times with 2,368 billion units of shares worth Rp 2.3 trillion.

Stocks decline IHSG trail Regional

JAKARTA, THURSDAY - Trade shares in the Indonesian Stock Exchange (bei) in the morning session, Thursday (18/12), oppressed and the weakening U.S. market, so the regional Joint Stock Price Index (IHSG) closed down 1.57 percent. IHSG Bei morning session down 21,457 points to become 1342.527 and LQ45 index weakened 5,324 points, or 1.94 percent to 268,992 positions.

Research analyst of PT Panin Capital, Bayu Aji, said that the movement of shares in the Bei are still influenced by the direction the U.S. stock Wall Street and regional. Decreasing Index, Dow Jones Industrial Average on Wall Street U.S. stock of 99.80 points (1.12 percent) to 8824.34 as investors again highlights the problem of its economic crisis has affected the movement of stock in Asia, including Indonesia.

Some exchange in the Asia weakened in the morning session Thursday, the index of the Hong Kong stock Hangseng in the terkoreksi 133.92 points (0.87 percent) to 15326.58 and exchange with Singapore Straits Times index is off 8.16 points (0, 46 percent) to 1771.13 position. Decline in the value of shares in the U.S. and regional stock has been making some leading stocks weakened and trigger a decrease in the index Bei.

Some leading shares down and pressing Bei index of shares that weakened the Earth Resources Rp 50 to Rp 860, Astra International terkikis position to Rp 100 to Rp 10,850, Telkom down Rp 150 to Rp 7,000, Bank BRI anjlok Rp 250 to Rp 4,300, and Bukit Asam coal mining declined Rp 300 to Rp 7,050.

These conditions make trafficking in Bei dominated down the shares reached 83 compared with a rise of only 27, while 37 and 310 stagnant effect is not actively traded. Stock transactions that occur as 20,184 times with the involvement of 533,828 million shares and the value of Rp 449,275 billion. (Kompas)

The Fed virtually Zero, forcing the U.S. dollar collapse

New York, WEDNESDAY - to record a record U.S. Dollar depreciation against the euro and down against other major currencies on Wednesday (18/12) local time, a day after the Federal Reserve cut the tribe to almost zero interest rates, the dealers said. Euro also picked up near the balance with the rise of the pound and yen.

At 2200 GMT, euro traded at 1.4404 dollars, up sharply from 1.4018 dollars late Tuesday. Originally, the single European currency has jumped into 1.4437 dollars, its highest level since 29 September. That increases the strong euro against the greenback since the currency was launched in January 1999. Euro also increased to 126.02 yen from 124.74 yen late on Tuesday.

Dollar also weakened against the Japanese currency, trading at 87.95 yen compared with 88.98 yen on Tuesday. Yen reached the position of the original 13-year high against the dollar at 87.11 yen.

U.S. currency under pressure after the Federal Reserve on Tuesday cut interest rates to the tribe lowest historical level of 1.0 percent to a range of 0 to 0.25 percent and will keep interest rates low for some time.

The Fed also encouraged penggunaaan equipment for a mencaikan necrosis menstimulus credit and economic growth in the all-out fight against recession, which has been running a year. "Step in the money market yesterday closing rush from the potential risks in the infusion of money into the U.S. financial system," said Andrew Busch, analyst from BMO Capital Markets.

"However, there is also the possibility the raid out of the U.S. dollar due to skepticism that the U.S. central bank can manage the risks from their kuantatif reduction program, an effective strategy to print money," he said.

Euro support after European Central Bank (ECB) suggests that the main interest rate will be maintained unchanged at 2.50 percent at the January meeting, in a few months after the last series of interest rate cuts.

Meanwhile, the pound continues to fall against the euro and reached a new record of the lowest in the euro 1.0715.

UK monthly data shows that the number of people claiming benefits (insurance) unemployment in Britain rose in November by the largest amount in 17 years, the latest signal from the sharp economic pelambatan.

Minutes from the meeting last British Central Bank (Boe) showed policymakers have been discussing the largest decrease in interest rates more than 1.0 percentage points was decided by acclamation early this month.

In recent trading in New York, the dollar was 1.0720 Swiss franc, down from 1.1236 late Tuesday. Pound 1.5516 a weakening dollar from 1.5581 dollars.

OPEC Could Damage World Energy Demand

London, MONDAY - The State Oil Organization (OPEC) could damage the world's energy demand if the oil producers cartel cut production again in this weekend, so the energy consultants CGES warned on Monday (15/12) local time.

The Minister of OPEC will meet in Oran, Algeria, Wednesday, for meetings to discuss problems and production is estimated to cut production in an effort to encourage price answer that concern by the world recession.

Decisions are sharply lower production can encourage high oil prices, this will be labeled as a step brake economic growth through increased prices for companies and consumers.

CGES estimates, global demand next year will be down to half a million barrel per day because of consumer countries to reduce energy demand as a result of he worldwide recession and oil prices rebound.

Some analysts predict a decrease of between 1 million and 2 million barrel official production quota from OPEC.

OPEC, which produces 40 percent of world oil has now agreed to the reduction 2 million barrel per day this year in an effort to encourage the oil market.

However, the price has experienced a decline around 70 percent since reaching a record high above 147 U.S. dollars per barrel in mid-July.

According to CGES, some OPEC member countries want the price of oil above 70 dollars per barrel in the effort to balance their budgets. (Kompas)

Pieces of OPEC Production Failed Memesona Price

THOSE, THURSDAY - OPEC agreed on Wednesday (17/12), reducing daily production quota of 2.2 million barrel a cutting or the largest undertaken by this organization of oil exporters. Other oil producers, Russia and Azerbaijan, also announced the decision of cutting production quotas to hundreds of thousands barrel per day.

"I expect OPEC cutting production cause surprises in the market," said OPEC President Chekib Khelil when asked by journalists in Algeria, is cutting production will toss the price of oil. "When cutting production is not a significant impact on oil prices, we (OPEC) need to review the cutting," he said.

However, the market is not impressed with the latest cutting production from OPEC. After cutting production quota was announced, the price of crude oil plunged into 40.20 U.S. dollars per barrel, the lowest value since the summer of 2004. This is clearly a reflection of investor concerns about the global economy, the crisis is feared drowned to time in the recession causing shocks on the demand of oil.

The fact worse OPEC faced after Moscow keep himself from the direct relationship of cooperation with the organization, which consists of 13 countries that. This attitude prevents Russia hopes to OPEC cutting production of coordinated steps that are expected to push up the price of crude oil.

Russian Deputy Prime Minister Igor Sechin and Energy Minister Natik Aliev of Azerbaijan announced the cutting of production more than 600,000 barrel per day. The commitment of the two countries was only symbolic behave.

Russian state, can only cut production that is still far from expectations that OPEC after the state has underwritten the production since November. Meanwhile, Azerbaijan, explains, oil production has been reduced to third because of production problems experienced earlier this year. (Kompas)

Thus the crisis trigger Insurance Growth in 2009

JAKARTA, WEDNESDAY - the insurance industry is estimated to grow in 2009. Growth is precisely caused by the global economic crisis that makes people want to buy insurance products.

"The crisis makes people start to worry and they seek self-protection. Therefore, the insurance industry will grow," said the Managing Director of Wana Artha Life Eddy KA Berutu sidelines of a seminar on Opportunities and Challenges Insurance in 2009 in Jakarta, Wednesday (17/12).

For Eddy, the occurrence of monetary crisis of 1998, insurance premiums tend to grow above 30 percent. Parties, when the monetary crisis, people worry will be increased unrest and began buying insurance products, especially life insurance.

It also delivered Likewise Bureau Chief Perasuransian Capital Market Supervisory Agency of Financial Institutions (Bapepam LK) Rachmatarwata Jesus. He said, the growth of the insurance industry is estimated to occur in 2009, also influenced by the decline in the price of premium fuel.

"In front of the insurance industry a little larger than that can be done this year. However, I do not want to give the percentage of growth," said Jesus.

According to Jesus, the growth will occur, but not too high like in 2006 and 2007. He estimated 2009 life insurance will grow larger than other insurance.

Japan Central Bank Didesak Follow the Fed

TOKYO, WEDNESDAY - The courage Fed cut interest rates to the level of the tribe that nearly approaching zero, 0.25 percent, appears to raise the kind of expectations the Bank of Japan. This didesak the central bank to slash interest rates tribe more than twice as big by government efforts to bolster the economy hoop sunrise this country.

The owners of capital to see this opportunity as much as 52 percent that the central bank will cut overnight call rate from 0.3 percent in their meeting this week. Scheduled meeting the central bank intended finished on Friday (19/12).

Meanwhile, Governor of the Bank of Japan governor Masaaki Shirakawa has been suggests that the government is still reluctant to slash interest rates again after acuannya morning for the first time during the seven years in October. Still, according to Shirakawa, he received pressure after Finance Minister Soichi Nakagawa ask the central bank to calculate more carefully to prevent a recession in the yen and maintain the conservative interest rate of erosion by the Fed.

"The combination of a weak domestic economy, Send yen on the U.S. dollar, and political pressure on the BoJ, the central bank will be forced to move more quickly to calm the market," said said John Richards, Head of Debt Markets Strategy at RBS Tokyo. Richards predicted, interest rate BoJ will move in December or January.

"The central bank is likely that the tribe will not cut interest rates to be 0.10 percent on Friday this," said Tomoko Fujii, Head of Economics and Strategy of Bank of America Corp. in Tokyo.

JPMorgan, Mitsubishi UFJ Securities Co., and Capital Economics Ltd. also has a similar prediction for the BoJ trimming interest rates as soon as possible after clearing the Fed.

"BoJ know that they need to reduce interest rates this immediately so that no economy to worsen," said Teizo Taya, advisor Daiwa Institute of Research, which also had members sitting in the chair the central bank. He added, "Investors think, later, now or later the central bank must immediately move even though they do not cut interest rates this week the tribe. The pressure also led to the government there (decrease interest rates)." (Kompas)