Tuesday, March 15, 2011

::Due to Nuclear, Nikkei Up 14% Down>

JAKARTA NewsEcoInfo Reported - Japanese index, the Nikkei plunged to 14 percent in the second trading day after the tsunami that hit the country. Explosion Nuclear Power Plant (NPP) to negative sentiment for the stock index.
As quoted from yahoofinance, Japan's Nikkei 225 moved down as much as 1338.36 points, equivalent to 13.91 per cent to 8282.13. In fact, this index yesterday, Monday (14/3/2011) closed at 9620.49 level and opened up this morning dropped to 9441.66 and the greater the decline.
Nikkei positive trend that started last year had ended, and replaced with a weaker trend. On December 1, 2010, the Nikkei is at position 10 228 and rose again on January 4, 2011 to 10 237 and on February 1 in 10,624.
In fact, the good news has emerged from Japan's central bank (Bank of Japan / BoJ), which will inject funds amounting to USD51 billion to the economic system but the emergence of news nuclear power plant (NPP) which looked pressing the market players explode.
Latest explosion occurred at the nuclear power plant back in Japan. This is further aggravate the condition in the generator which was heavily damaged by the earthquake and tsunami struck last week. The first blast occurred on Saturday, March 12 last. The blast damaged most of the NPP, but the protective nuclear reactors still in place and protect it to prevent leakage.
This morning, local time again explosion took place in reactor number 3 and cause panic. Looks white smoke billowing in the air. TEPCO nuclear power plant operators declared as six people were reported missing in this incident, as reported by AFP on Monday (3/14/2011).
The threat of radiation leaks, the government has implemented a forbidden zone as far as 20 kilometers from the plant. While approximately 210 thousand residents in Fukushima Daiichi plant has been evacuated to places.
United States Military Aircraft (USA) had detected a leak in a low level in the vicinity of Fukushima. Currently, Japanese people haunted by electricity supply shortages in some areas hit by the earthquake and tsunami. (NewsEcoInfo)

Monday, March 14, 2011

::World Bank Ready to Help Japanese>>

JAKARTA newsecoinfo Reported- An earthquake and tsunami that struck Japan last week has destroyed the cities and claimed more than 10 thousand people. Various aid was ready mobilized to rebuild the country's Sakura. The other one is the World Bank, which is also ready to help Japan.
"World Bank Group is ready to assist the Japanese government and its people in recovery efforts after the earthquake and tsunami, or recovery," said World Bank Group President Robert B. Zoellick was quoted as saying in his press conference in Jakarta on Monday (3/14/2011).
This was done given the vast World Bank loss caused by damage and loss that will continue to grow. In addition, the World Bank has brpengalaman in risk management, so that it would memobilissi and spread of experts to assist recovery and reconstruction process in Japan and surrounding areas.
"World Bank Group will also monitor the potential impact of this tsunami on the countries of the region and ready to give his support," he said.
Finally he explained, on behalf of the World Bank Group, he expressed his deepest sympathy to the people of Japan for the loss of loved ones due to the occurrence of natural disasters. (newsecoinfo )

Saturday, March 12, 2011

::Will China Inflation Reaches 5%>

BEIJING newsecoinfo Reported- China's consumer prices rose sharply again in February, where the Chinese government is making efforts to reduce inflation in the midst of riots that resulted in a lack of fuel.
Quoted from AFP on Saturday (03/12/2011), inflation in China in February was recorded 4.9 percent, exceeding analysts' estimates and above the analysts and the government target.

Galaxy Securities economist of Beijing, Zhang Xintfa revealed that inflation in China will rise above five per cent next month. This is because of chaos in the Middle East and high oil costs will still be pushed higher inflation.
"Inflation next month will rise above five per cent given the turmoil in the Middle East and high oil prices are still going to push inflation higher," he said.

China's central bank governor Zhou Xiaochuan said if inflation is currently relatively stable. Although this inflation at some point, relatively high.
For information, for non-food inflation in February was 2.3 percent in China is relatively low. But analysts say price pressures will tend to spread to high food prices, producer prices rose 7.2 percent, it showed consumers would face higher prices. (newsecoinfo)

Thursday, March 10, 2011

::February, China Trade Deficit $ 7, 3 Billion>>

BEIJING NewsEcoInfo Reported - China's trade deficit in February of this which is the first time in this year.
Quoted by AFP on Thursday (10/03/2011), China's trade deficit amounted to $ 7, 3 billion. As China had a surplus in January 2010 amounted to $ 6, 45 billion, and in February amounted to $ 7, 61 billion.

Smentara exports rose only by 2.4 percent from the previous year to USD96, 74 billion compared with an increase of 37.7 percent in January. While imports rose 19.4 percent to USD104, 04 billion compared to the previous month increased by 51 percent.
Analysts said the exports and imports usually see strong growth ahead of the harvest season, when the plant produces lots to meet demand, and then slow the next month.

Chinese Commerce Minister Chen Deming warned that China's trade deficit could come back this year, because of international uncertainty that could hurt demand for exports. "Imports this year will grow rapidly, faster than exports," said Chen Deming.c (NewsEcoInfo)

Tuesday, March 8, 2011

::Oil prices recede Rev the Wall Street>>

NEW YORK NewsEcoInfo Reported- an optimistic projection of income from the Bank of America and began meyurutnya oil prices, lifted Wall Street out of the danger zone in trading Tuesday. It became a sign for the short-term market survival.
S & P 500 Index jumped back above the trend line for six months after closing just below that level on Monday. Resilience of this level as a sign of strength, but traders still tested vigilance.

Similarly, the Nasdaq composite index rallied monitored for an average of 50 days in which to move and indicated an uptrend, although trading volume was lackluster.
Reported by Reuters on Wednesday (03/09/2011), the average Dow Jones Industrial rose 124.58 points, or 1.03 percent to 12214.61. The broader Standard & Poor's 500 (SPX.) edged up 11.69 points, or 0.89 percent, to 1321.82. And the Nasdaq Composite Index rose 20.14 points, or 0.73 percent, to 2765.77 position.

"The fact that the market has been taken up so well in the face of one of the sharp spines that increase in crude oil prices this year is proof that there is a fundamental strength," said global technical strategy at Auerbach Grayson in New York, Richard Ross.
For your information, Bank of America Corp. shares jumped 4.7 percent to $ 14, 69 after it was announced the projected profit before tax of approximately $ 40 billion per year for the long term. This figure is higher than some investors expected.

As for financial stocks took the lead in trading on Wall Street that some investors benefited, with the S & P financial index (GSPF) jumped to 2.2 percent.

In addition, oil prices recorded backwards, where the price of Brent crude oil fell almost two percent to USD113, 06 per barrel after Kuwait oil minister said OPEC in discussions to boost production. (NewsEcoInfo)

Sunday, March 6, 2011

::Private Bank, Just Focus to Low-Risk Loans>

Purwakarta, Indonesia, NewsEcoInfo Reported- Economic Observer Tony Prasentiantono current state of banking in Indonesia is still required to credit the development of infrastructure, toll roads and other infrastructure credit.

That said Tony who is also commissioner of PT Bank Permata Tbk and Chief Center for Public Policy Studies and GMU in basic training events correspondent banking economy in 2011 in Kota Bukit Indah Plaza Hotel Purwakarta Saturday (552 011).

Further explained that private banks are now only give credit to the small risk sectors such as auto loans or even to SMEs. "Because of the small risk," he said.

This state-owned banks, continued to be maintained but must now invest diminimkan, for example, 51 percent of the government because only the state-owned banks would dare to give credit to the infrastructure and highway.

"Bank Owned Enterprises still have to remain there, but its capital diminimkan 51 percent. Because if SOEs are sold to the market said the credit would love toll roads, and infrastructure," he said. (NewsEcoInfo)

::Bos Wilmar So richest man in Malaysia>

KUALA LUMPUR NewsEcoInfo Reported- Malaysia's economy grew 7.2 percent in 2010. This is the highest economic growth in these neighbor countries since 2000.

Accordingly, the net worth of 40 richest people in Malaysia also participated grow into USD62, 1 billion in 2010, up $ 11, 1 billion over the previous year.

As quoted in Forbes, the richest man position number one and number two is still occupied by Robert Kuok and Ananda Krishnan, the wealth of each USD12, 5 billion and USD9, 5 billion.

While Lee Kim Hua, who is the widow of Lim Goh Toh, founder of the Genting Group's largest asset growth. Assets increased due to stock price Genting casino dashed when opening a business in Singapore to Sentosa Island started operation. Direct wealth rose to $ 2, 7 billion to $ 6, 6 billion.

And Chen Lip Keong also managed to double the kekayannya from gambling. His net worth grew more than doubled to USD375 million.

Here's a list of 40 richest people in the neighboring country:

1. Robert Kuok, their wealth reached USD12, 5 billion.
The father of eight children gain many benefits from its business in the sugar industry, palm oil, shipping and property. Kuok Group, his company has three major companies located in Hong Kong, Singapore, and Malaysia.

The main source of revenue comes from Wilmar, the largest palm oil company in the world. But this company's stock price decline last year. Meanwhile, in Hong Kong real estate and asset values rise hotel. Wilmar itself is controlled by a nephew Kuok Khoon Hong, the Singaporean who became the richest man thanks to its ownership by 10 percent in Wilmar.

2. Ananda Krishnan, wealth reached USD9, 5 billion.
Maxis Communications, which owned the largest telecommunications company in Malaysia. Maxis has three business choir, yakn broadcast satellite Astro All Asia Networks, the operating company Tanjong gambling and telecommunications company and operator MEASAT Global.

He also worked with Indian billionaire Kalanithi Maran in developing radio and television broadcasting business. He claimed to be a great philanthropist, he focuses on developing young talent Malaysia to conduct scholarship and specific programs in schools.

3. Lee Kim Hua, wealth amounted to $ 6, 6 billion.
Widow casino king Lim Goh Tong, who founded the Genting Group in 1965 and then expand its business into the sector of hotels and recreation parks. Genting shares soared after opening the World Sentosa resort worth $ 5 billion and casino in Singapore last year. While his son, Lim Kok Thay has also conducted its own business and successfully become the 13th richest person in Malaysia.

4. Lee Shin Cheng, his wealth reached $ 5 billion.
He is the boss IOI Group, one of the largest palm oil producer in the world and one of the largest property developers in Malaysia. The group employs 30 thousand employees around the world. He grew up in a rubber plantation, adjacent to the place of his father who ran a Chinese grocery store.

This father of six children quit school at the age of 11 years to work to help his family, by selling ice cream on a bicycle for four years before returning to continue his education to complete college. Now all her children now work for his company.

5. Quek Leng Chan, kekayannya registration for $ 4, 8 billion.
Head of Hong Leong Group Malaysia and has a number of shares in the world's largest property companies listed in Hong Kong, Guoco Group. He also has an interest in a number of corporate financial services, property development and hotels throughout Southeast Asia.

6. Tea Hong Piow, his wealth reached $ 4, 7 billion.
Founder's third-largest bank in Malaysia. Dipimpinya The group also has one asset management company in the country, he also has Islamic insurance license and has received permission to become a broker in Cambodia. He is also the largest shareholder in LPI Capital, a general insurance company in Malaysia and Singapore.

7. Yeoh Tiong Lay, the amount of his wealth reached $ 2, 7 billion.
He founded the YRL Corp. in 1955. His company also had to do a dual listing on the Tokyo Stock Exchange in 1996, and it is the first non-Japanese companies from Asia that listing in Japan.

8. Syed Mokhtar AlBukhary, with a wealth of USD2, 5 billion.
His company, Malaysia Mining Corp, Johor Port and airport work. Winning a major contract from Gamuda to oversee the construction of mass-transit rail system in Kuala Lumpur. He is the person who set the Albukhary International University, and make Albukhary Foundations to support the education of poor rural families each year.

9. Vincent Tan, his wealth reached USD1, 25 billion.
The father of 11 children this is the owner of Berjaya Group, but his luck seemed lost because of this past year its share price continues to weaken. He is an owner of social networking site Friendster.com site and buy the stock up through the company's internet, MOL.com. Despite failing to get a license for sports gambling license from the government. Do not like golf, and is a hobby with scuba diving.

10. Tiong Hiew King, a wealth of Rp1, 2 billion.
He works to process the raw rubber in his youth to financially support his family before he built his business empire business focus to timber concessions and oil palm plantations in Malaysia, Papua New Guinea and New Zealand. Media Chinese International, the media has published more than 30 magazines and newspapers in North America, Southeast Asia and China.
Thanks to visit (NewsEcoInfo)

Saturday, March 5, 2011

::UK Economy Threatened Oil Prices>

LONDON NewsEcoInfo Reported- World oil prices could penetrate the level of USD200 perbarrel if the unrest in the Middle East is not soon resolved.
"The price of a barrel of crude could reach USD200, if the unrest in the Arab happened to bomb the oil tankers, pipelines or oil reserves in Saudi Arabia. It will have an impact on further price increases even higher, around USD250 per barrel," said Minister of Development England international Alan Duncan told AFP on Saturday (05/03/2011).

Duncan argues, if this continues to happen will cause a recession in the UK. Currently the British government came under pressure over fuel prices (fuel), in which the government bears 63 per cent cash subsidy from the State.
If the price is formed when 1.30 pounds or $ 2, 1 per liter at the pump, it will become a luxury if the price goes up to 4 pounds per liter. Duncan also had warned the government if the price of oil reached USD200 is a problem.

"If there is a problem in the Arab world again, it will menimbulkna more dangerous problems," he added.
Duncan also believes we should respect the Arab countries, with their own style of government, because it is their culture. (
NewsEcoInfo)

Wednesday, March 2, 2011

:: Foreign Exchange Reserves U.S. $ 100 M, Beware of Sudden Reversal!>>

JAKARTA NewsecoInfo Reported- Indonesia's foreign exchange reserves recorded by Bank Indonesia (BI) rose more than USD1000 billion response was encouraging, but should still be careful with the sudden reversal (turning suddenly).
This was revealed by The Center for Economic Studies and Public Policy UGM Tony Prasetiantono in short message to the Legal, Thursday (03/03/2011).

"Pretty exciting, because it means being able to back up the rupiah to stay strong and steady at today's Rp8.800 per USD. But we should not be satisfied, because the Thai foreign exchange reserves, already close to USD200 billion. It also must remain vigilant because there are still risk of sudden reversal, "said Toni.
Furthermore, Toni said if the government also must maintain economic stability for foreign investors investing mood in Indonesia feel welcome. "The government needs to maintain economic and political stability to maintain the mood of foreign investment in Indonesia, so they feel at home," he added.

Toni adds, of the many risks, most have to watch out for are political stability, because it becomes an important variable in the case of the Middle East so that investors increasingly happy to to the Asian emerging market countries.
"Of the many risks, in my opinion the most important variables for political stability are seen global investors. Especially now with the crisis in the Middle East, making the owners of increasingly global capital into emerging markets like Asia, including Indonesia," he concluded. (
NewsecoInfo)

::Oil prices are in USD102/Barel>

SINGAPORE NewsEcoInfo Reperted- Oil prices moved rally in Asian trade due to unrest in the Middle East and North Africa, which continue to burden the market.
Crude oil for New York's main contract, light sweet crude for April delivery, rose 24 cents to USD102, 47 and Brent North Sea crude oil for April delivery rose 35 cents to USD116, 70 per barrel.

"The uncertainty in this region (Middle East) continues to support the concerns. This is a contagious disease," said analysts at Barclays Capital in its report, quoted by AFP on Thursday (03/03/2011).
Reportedly, the lost output from countries such as Libya and the possible increase in oil demand will encourage foreign investment to support long-term crude oil prices further.

Known, the turbulence in Oman, Bahrain and Yemen, as well as the situation in Libya is still uncertain. Efforts to overthrow Libyan leader Moamer Kadhafi is feared to make bloody war, where thousands of Libyans will die if the West supports the uprising.
Military and air attacks on strategic oil port Brega, which is home to major oil operations, adding the concerns. While the International Energy Agency (IEA) said more than half of Libya's crude oil production is not destined international market.

Revision of the IEA estimates that closing the Libyan oil capacity to between 850 thousand and one million barrels per day, of a total of 1.6 million barrels, mostly shipped to European buyers. (NewsEcoInfo)

Oil prices moved rally in Asian>>

SINGAPORE NewsEcoInfo Reperted- Oil prices moved rally in Asian trade due to unrest in the Middle East and North Africa, which continue to burden the market.
Crude oil for New York's main contract, light sweet crude for April delivery, rose 24 cents to USD102, 47 and Brent North Sea crude oil for April delivery rose 35 cents to USD116, 70 per barrel.

"The uncertainty in this region (Middle East) continues to support the concerns. This is a contagious disease," said analysts at Barclays Capital in its report, quoted by AFP on Thursday (03/03/2011).
Reportedly, the lost output from countries such as Libya and the possible increase in oil demand will encourage foreign investment to support long-term crude oil prices further.

Known, the turbulence in Oman, Bahrain and Yemen, as well as the situation in Libya is still uncertain. Efforts to overthrow Libyan leader Moamer Kadhafi is feared to make bloody war, where thousands of Libyans will die if the West supports the uprising.
Military and air attacks on strategic oil port Brega, which is home to major oil operations, adding the concerns. While the International Energy Agency (IEA) said more than half of Libya's crude oil production is not destined international market.

Revision of the IEA estimates that closing the Libyan oil capacity to between 850 thousand and one million barrels per day, of a total of 1.6 million barrels, mostly shipped to European buyers. (NewsEcoInfo)

::Chinese Authorities Approve BYD Co-Daimler>

BEIJING NewsEcoInfo Reported- Chinese electric car maker BYD Group and Daimler obtain approval to work together to develop electric vehicles in the City of Panda.

The two companies also agreed to build a center of research and development through a joint venture company named Shenzhen BYD Daimler New Technology Co. Ltd.. Prior to approval of local authorities, BYD and Daimler takes about nine months after initial talks started last year.
"The joint venture is making excellent progress. We'd love to harness the power of these two companies to create a brand new electric cars in China, "says BYD Chairman Wang Chuanfu was quoted as saying by AFP.

BYD, short for Build Your Dream, also known as a manufacturer of batteries for electric vehicles. Currently, in addition to controlled Chuanfu, BYD shares owned by billionaire United States (U.S.) Warren Buffett by 10 percent.
Previously, Daimler said the new results of a joint venture company that will get the initial capital of about 600 million yuan (USD91 million). As is known, since two years ago, China has taken the U.S. as the world's largest automotive market.

Last year China's auto sales surged even 32 percent to 18.6 million units as the economic growth that reached 10.3 percent, the fastest since 2007. Meanwhile, Europe's biggest carmaker, Volkswagen (VW), yesterday said it has completed the purchase of the unit sales of the Porsche Salzburg Porsche Holding (PHS) worth 3.3 billion euros ($ 4, 55 billion), equivalent to Rp40, 9 trillion. The acquisition is part of a previous agreement between the two companies to target the creation of an integrated automotive group Volkswagen and Porsche.
"PHS is responsible for the distribution and sales of Porsche sports cars and is the company's most efficient and profitable in the world automobile trade," said VW chairman Martin Winterkorn. (NewsEcoInfo )