NYSE Euronext Shares Take 20% USD200 million Qatar Exchange
Stock Report September 27th, 2009
DOHA – NYSE Euronext agreed to take 20 percent stake valued at USD200 million in Qatar Exchange after an agreement was reached agreement with Qatar Holding.
This was revealed as quoted Qatari side of the AFP, Saturday (20/6/2009). The Qatar Investment Authority (QIA) will have the remaining stake in Qatar Exchange as a successful step into the Doha Securities Market. Besides Qatar Holding his own party would change the new name on June 21 local time.
“We see no possibility to raise the local share market from the regional level and then to the international level. Only then develop the product because its shares are traded,” said Qatar Menterui Finance Yussef Kamal, in a press conference. However, Kamal did not mention what the product.
However, he hoped this cooperation will continue successfully in an efficient market leverage and build the international image as he had planned.
As is known, in June last year NYSE Euronext agreed to a cooperation agreement with Gulf shares pasa into international stock markets. As for Qatar Holding which is a direct investment from the QIA is a company that finance investment property emirates royal king.
NYSE Euronext itself was founded in late March 2007 after the merger process long enough and become the largest exchange groups in the world, which has the New York Stock Exchange, four stock markets in Europe, and the Liffe derivatives market based in London.
The Italian government Stadium Reconstruction Financial Help
Finance September 27th, 2009
ROME – The Italian government pledged funds will flow to the football clubs of Italy. It will be used to reconstruct and revitalize the stadium owned by the clubs.
With the financial situation that has not been possible, every club in Italy is still renting the stadium as their headquarters to the local government. They also have to pay to the local police-related security matters.
The Italian government is very concerned about the security at the stadium environment, especially after the death of police inspector Filipo Raciti, last year. After that the axis of the dispute between the Italian police force with the hard-line supporters Ultras increasingly heated.
We will provide financial contributions to help the club owners to reconstruct and revitalize their own stadium, “said the Italian Sports Minister, Giovanna Melandri as reported by Channel4, Thursday (15/11/2007)
Obviously the Italian Government to provide financial assistance. Related to their failure to co-host Euro 2012, Italy has a budget of 20 million euros had been allocated to build the stadium infrastructure supporting the European football scene.
Bank Danamon Launches 'Dirham Card'
Bank September 26th, 2009
Bank Danamon Syariah launched new services such Dirham Card of Islamic credit cards, with the target of about 20 thousand sheets of these products will be published until the end of 2007.
This was conveyed by Sharia Business Head of Bank Danamon, Ahmad K. Permana told reporters at the launch Dirham cards in Surabaya, Friday (27/07).
“Initially, our target consumers in three major cities of Jakarta, Bandung and Surabaya. Tenaga we soon approached marketing to offer customers new products,” he said, accompanied by the Director of Bank Danamon, and Secretary Hendarin Sukarmadji National Sharia Council (DSN) Hasanuddin.
From the target of 20 thousand pieces of targeted Dirham cards this year, about 60% expected from consumers in Jakarta, 25% of Surabaya and the rest of Bandung.
According Permana, launch plan, which used the Dirham Card International Master Card network, it has been through the various considerations, including asking for a fatwa Indonesian Ulema Council and approval of Bank Indonesia.
“We also conduct market surveys before the card was officially launched. Apparently, the very positive reception, so we pretty this product will receive the market,” he explained.
Permana express credit card transactions in Indonesia reached three billion dollars per year. But the credit card market penetration is only about two% of the total banking products.
“With a population of about 200 million more, in which 88% are Muslim, Indonesia is a very potential market for Islamic products, including Islamic credit card,” added Permana.
He added that the rules applicable to consumer Dirham Card holders, unlike ordinary credit cards, because the use of Islamic sharia, such as the covenant Ijara (leasing), kafalah (guarantee transactions) and Qard (borrowing money).
Akad ijara means the card issuer is a provider of payment systems and services to card holders with membership charge.
Kafalah is the card issuer to act as guarantor for the card holders to merchants of all obligations to pay arising from the transaction, which will receive the service returns.
Covenant was qardh is the card issuer as a lender to card holders through a cash withdrawal from a bank or a bank ATM card issuer. Card holders are obliged to return for the amount of funds withdrawn in time.
Secretary DSN, Hasanuddin added Dirham Card Bank Danamon Syariah is the first Islamic credit card launched Islamic bank in Indonesia.
“In addition to Bank Danamon, there are several other Islamic banks are also asking for a fatwa to launch similar products, such as Bank Mandiri, HSBC and others,” he said.
Bhakti Investama Sell MNC Sky Vision
Portfolio September 21st, 2009
JAKARTA – PT Bhakti Investama Tbk (BHIT) plans to sell a set or portfolio companies in this year. One of the plan assets to be sold are the shares of PT MNC Sky Vision as much as 20 percent.
“One of the asset or portfolio is planned to be sold are the shares of PT MNC Sky Vision, a maximum of 20 percent,” said Corporate Secretary Robert Satrya BHIT, the disclosure of information to the Indonesia Stock Exchange (BEI), in Jakarta, Thursday (11/3/2010 ).
Proceeds from sale of shares will be used for acquisition of coal mining companies, oil and gas and insurance are expected to be completed within one to six months.
There are also other funding will be taken from bank loans, business partners, as well as capital increase as much as 10 percent of Rights Without Preemptive (HMETD).
Just to remind, the company also has plans to issue new shares without HMETD. Where previously, the stock price is BHIT speeding up BEI forced
“They were planning to issue (rights issue) of new shares as much as 10 percent without HMETD, we just want to do an evaluation first” said Director of Corporate Valuation office Eddy Sugito, Stock Exchange Building, yesterday.
The plan was revealed after the company had a meeting with Indonesia Stock Exchange (IDX), Tuesday (9/3/2010) yesterday. For that, the stock immediately asked BHIT explain it to the public.
Follow Bapepam Corruption Firm Employees
Economy September 21st, 2009
JAKARTA – Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) would take stern action against any employee on the line and the environment if absolutely proven to accept bribes or corruption.
“In accordance with our logo Fighting Corruption (pointing to the warning in the lobby of Bapepam), if necessary in the photo. Gaius does not employ me, so enggak commented,” Fuad said, when met reporters after Friday prayers, in the area of the Ministry of Economic Affairs, Jakarta, Friday (26/3/2010).
When Legal watched the announcement in question, ie, Fighting Corruption, the public is prohibited to reward employees for Bapepam-LK and the services provided Bapepam-LK staff shall refuse granting rewards from stakeholders.
Confirmed by Fuad, until now the staff has been committed to writing in question. This seems related to the case received bribes in the environment Gaius Tambunan Directorate General of Taxes.
Gaius is mentioned as a former Pol Kabareskrim Jen Kom Susno Duaji publicly disclose the alleged mafia in police practices in the handling of the case Gaius.
As for the personal accounts of Gaius recorded money Rp25 billion, in which money was allegedly the result of bribes from a company that monitored
