ABN AMRO Ready to Launch Shariah Service
Bank January 28th, 2011
ABN AMRO plans to launch Islamic banking services (Islamic Banking) as the development of international banking services in Indonesia.
“Islamic banking model, like that already exist in Indonesia. The plan Islamic Banking from ABN AMRO is to be operational in April 2008,” said the Country Head of Business Banking ABN AMRO Indonesia, Madi D Blue in Bandung, Tuesday.
Not mentioned earlier capital that will for Islamic banking from the bank. According to Madi everything was done market research and exploration.
“We still do an assessment and consultation with several prominent scholars in here, set up the infrastructure and assess appropriate service models for customers,” he said.
He acknowledged, the market potential for Islamic banking in Indonesia is quite large because the majority Muslim population. According to him, some customers assume that banking is more acceptable.
“Honestly, I see the development of such a bank was quite good. ABN AMRO always see the market demand, and it was a consideration for entry into that service,” he said.
However, he added, his side are still seeing demand from the public or potential customers.
“In principle we continue to get closer to customers in Indonesia,” he said.
ABN AMRO is a leading international bank with more than 4,500 branches in 53 countries. In Indonesia, the bank stood at 10 major cities with 15 branches namely in Bandung, Balikpapan, Denpasar, Jakarta, Manado, Makassar, Surabaya, Semarang, and Solo.
Banks based in the Netherlands were targeted disbursement of loan funds Rp1, 5 trillion by the end of 2008. One of them optimize business strategies in the financing sector, Small and Medium Enterprises (SMEs) through credit products business capital and WoCA Flexi BL.
UK Company Salary Freeze
Company Info January 28th, 2011
LONDON – About half of the companies in the UK plans to freeze employee salaries despite the signal recovery from the worst economic crisis.
Concludes a recent survey conducted CBI Group and manpower recruitment firm Harvey Nash, which was released in London conducted last August and September of 243 respondent companies employing a total of more than 500 thousand people. Both institutions also found that only 4 percent of companies surveyed plan to increase the percentage of employee salaries above the inflation rate.
Despite holding a raise, according to the survey, the number of companies that do not hire new employees has decreased from 61 percent to 31 percent in the spring of this year. In the survey were also known to only a few companies that saw the need for extreme cost-cutting like to close operations and pay for overtime. “The worst may be over, but the company remains very cautious to raise wages,” said CBI deputy director John Cridland as quoted by the BBC yesterday.
He added that market conditions in 2010 will continue to be very hard and caused the growth in that period to be weak so that payments will be reduced salary for some time. “A new spirit of cooperation between employers and workers will become evident to stimulate the competitiveness of the British when they returned to growth. This will provide more flexible space for improvement of the balance of life,” he said.
CBI survey also found that half of the company has reduced the recruitment of university graduates, and only a fifth of hiring new graduates. This causes the number of unemployed youth in England in the period of July-September 2009 increased to 19.8 percent or 30,000 people increased, the highest in history. According to the Office of National Statistics (ONS), total unemployment in the UK in third-quarter 2009 reached 2.46 million people, equivalent to 7.8 percent of the total population. Of these, youth unemployment was 16 – 24 years increased to 15,000 so the total 943,000 people.
Related to business conditions, the survey data found that nearly half of the respondents considered the UK as a less attractive place to do business than five years ago. Respondents estimated that these conditions will be much better in the next five years.
Inflation Start Up
On the other hand, the consumer price index (CPI) in October and then in the UK rose 1.5 percent from 1.1 percent the previous month. Another indicator that the retail price index (RPI) which is used to increase the rate of inflation rose to a level of -0.8 percent from -1.4 percent previously.
The index includes the price of mortgage interest payments and housing costs. Recent inflation data released was in line with the ONS previous analyst estimates because of rising inflation sparked October increase in fuel prices compared to last year. According to the ONS, the largest impact of rising inflation in October 2008 compared with prices derived from fuel and lubricants in which only 0.7 percent decline in October.
The percentage is smaller than the decrease in the same period last year of 6.1 percent. In addition, the increase also occurred at a used car prices by 13.2 percent and is rising fastest in the last year.
Fight Deforestation, World Bank International Fund Forms
Bank November 30th, 2010
The World Bank plans to establish an international fund of at least U.S. $ 250 million to combat deforestation which one cause of global warming, said the bank officials.
Of the bank’s target is a country that has a tropical rain forest area, Werner said a senior specialist engineer Kornexl in carbon finance unit.
The war against deforestation, is targeted to include countries in Latin America, Central Africa, and Southeast Asia, especially that absorb carbon-dioxide (CO2) in large numbers, such as Brazil, Congo, and Indonesia.
State target program will receive funds only after the assessed and verified to reduce carbon emissions, “he said.
Deforestation, which rose an average of five percent per decade, contributing 20 percent of total emissions of CO2 per year – or three billion tons of CO2, according to world bank report released last October.
“The developed countries (G8) asked us to design the facility (funding program), but this program we have done several times before,” said Kornexl. He said the World Bank officials hope to launch this program at the UN climate conference in Bali in December.
Bali conference is aimed to prepare a framework agreement for the success of the Kyoto Protocol, which ends in 2012.
Funding to combat deforestation program would include donors from the private and public, Kornexl said.
“The World Bank will not collect the money. The fund will be brought by investors and donors,” he said.
“Many companies are ready to invest in climate change activities and forestry, which are indicated by interests,” he said.
He said it would only declare the effectiveness of this program when we have something in common.
Forests provide 47 million jobs worldwide, according to WWF and covers 30-40% of the total land of the world.
Pertamina chance So World-Class Oil and Gas Company
Company Info November 30th, 2010
JAKARTA – PT Pertamina (Persero) has a great chance to be world-class companies. In fact, the position of Pertamina and PT Medco Energi Internasional Tbk (MEDC) is now considered balanced in terms of production.
“The position is equivalent to Pertamina Medco, nothing special. So, subsidies encouraged Pertamina did not like that,” said former state enterprises minister Sugiharto, in the Refreshment of Commissioners and Directors of state enterprises, the ASEAN Free Trade-China FTA: Challenges and Opportunities SOEs to Home ” , at the Hotel Sultan, Jakarta, Thursday (18/2/2010).
Currently, he said, there is a tendency in the world that the major players in the petroleum sector is state-owned companies or companies whose shares are mostly owned by the state. “We must encourage Pertamina into a world-class companies such as state-owned oil and gas from other countries in Asia,” he said.
State-owned oil and gas from various countries who became world players such as Petro China and CNOOC (China), SK of Korea, Indian Oil (India), Nippon Oil (Japan) and PTT (Thailand).
Therefore, Pertamina is very likely to be a world-class oil and gas companies are not only a major player in Indonesia, but also oil and gas exploration and services in various countries.
He said, with the steady depletion of oil reserves in Indonesia, oil and gas companies in the country could no longer rely on it, but should be expanded to other countries. “I saw the potential for oil services in the world is very big,” he said.
He saw the five countries with the largest oil reserves in the world is Saudi Arabia, Iran, Iraq, Kuwait and United Arab Emirates, who reserves reached 716 billion barrels is a great potential.
But he admitted, making Pertamina as a world-class company takes hard work and political will from the government and Parliament. He considered, it was time Pertamina exploration extended to many countries
Indonesia Ideally Only Have Three International Bank
Bank November 9th, 2010
Indonesia should only have three international banks with capital of at least Rp 50 trillion, in order to develop healthier, stronger and able to compete globally.
“Vision Indonesian Banking Architecture (API), achieving a healthy banking system, strong and efficient, with only three international banks,” said Associate Center for Education Research and Studies Bank Indonesia, Untoro, in Socialization Theory for journalists, Thursday (25 / 07), in Manado.
One of the three banks had almost qualified as international banks namely Bank Mandiri, since capital is able to achieve the required amount.
“Bank Mandiri’s not that easy to achieve, still many requirements that must be met by management, but when viewed from the side of allowing assets,” said Untoro.
API 2010, there are six pillars of the pillars of sound banking structure, effective management system, a system of independent and effective oversight, strong banking industry, adequate supporting infrastructure and the six pillars, consumer protection.
BI Leader Socialization opened Manado, Jeffrey Kairupan, showing Main Researcher Education and Study Center BI, Abdul Kadir, a matter of monetary policy, Economic Research Directorate Economic and Monetary Statistics, Ismet Isnono with material surveys Purwanto deliver BI and organization and management of central banks.
“The purpose of BI according to the mandate of Law No. 3 of 2004 of achieving and maintaining stability in the rupiah, to achieve this, the Bank has three tasks of setting and implementing monetary policies, regulate and maintain the smooth running of payment systems and regulate and supervise banks,” said Abdul Kadir.
Community expectations often become one of the factors that also contributed to the occurrence of an economy such as inflation, seen from the results of the BI survey showed a very close relationship with the reality of the field, said the material Isnono
