Oplecenter Business & Finance News

GENEVA – United States aviation industry (U.S.) Boeing Co. and European rival Airbus are both claiming victory in the World Trade Organization ruling on the dispute over state subsidies.

Previously, Boeing complained that the German Government action will lend Airbus 1.1 billion euros Fund (USD1, 49 billion) for the development of A350 to the World Trade Organization (WTO). Boeing assessing German measures to help Airbus violate WTO rules.

Although saying win, the authority of the European Union (EU) and the U.S. chose silence when asked details of the decision of the WTO. EU and U.S. authorities have received a written verdict sheet in 1000. However, Boeing and Airbus both feel victorious over the dispute over U.S. regulators protest against EU subsidies to Airbus.

This decision is very strong, so the reference assessment, and good news for airline workers across America who previously competed (with Airbus) that received large subsidies, Boeing said in an official statement, as quoted by AFP, Wednesday (24/3/2010) .

But Boeing did not explain the details of the WTO decision. Boeing just say (WTO decision) indicate the United States has won all the major issues. At least four U.S. policy makers claim to the WTO’s decision stated that Airbus had received illegal benefits from European government subsidies.

On the other hand, Airbus also said the WTO decision has rejected 70 percent of U.S. protests. Airbus argues the WTO panel judging the EU loan can be paid by Airbus and assessed as instruments of cooperation between government and industry in accordance with WTO law.

According to Airbus, the WTO panel also rejected the U.S. who want keingingan Trade organizations are calling illegal EU loans. However, Airbus acknowledged that the loan from the EU subsidies contain.

WTO decision on U.S. complaint actually been issued in secret in September on an interim decision. Only a few of the interim decision that the WTO panel that filtered back into the final decision is implemented within the next six months.

Protests also replies submitted by the EU to the United States for its aid to Boeing. Protest decision is expected out next year. Analysts assess the jury still will not actually decide who the winner of the dispute.

Commerce Commission spokesman John Clancy EU called on all parties not in a hurry to claim the winner in a dispute over the EU aviation industry and the U.S..

“Only when we get a second report that we will have an understanding of how efforts to move forward, including whether we move towards a negotiated settlement with the U.S., said Clancy told AFP.

WTO decision came out after the EU filed a claim for protection policies do Pertananan Ministry tenders for the procurement of U.S. aircraft fuel filler for Uncle Sam’s Air Force valued at USD35 billion.

EU disappointed when Northrop Grumman’s bid documents when the tender was rejected. Northrop Grumman is one of the European business unit of Aeronautic Defense and Space Company (EADS). The Pentagon later said it would extend the deadline time after EADS tender offer would signal back into the tender.

Analysts argue, the WTO is the final decision of the battle between Airbus and Boeing. We could not find an answer to this commercial war in the coming years, analysts said the CM-CIC Securities, an investment company from France.

PT Bank Rabobank Indonesia (Rabobank Indonesia) became the number one international bank in Indonesia, after completing the merger with Bank Hagabank and Hagakita.

Rabobank Indonesia President Director, Tony Costa, in a press conference in Jakarta on Monday (28 / 7), said that through the merger of three banks, the company will become the largest international bank having 94 branches in Indonesia and around 1,700 employees.

“Until 2010, we will continue to expand our branch offices to 250 branches, more outside Java to expand the customer base,” said Tony.

In addition, the merger will also result in a total combined assets reached Rp 10, 2 trillion or about U.S. $ 1.1 billion.

Tony also revealed that the merger itself was approved by the Department of Justice and Human Rights, so that the new bank merger could run the operation with a new name from now on.

This merger is an integration step of three banks that originated from diakuisisinya Hagabank and Bank Hagakita in early 2007. With the single presence policy provisions of the Bank of Indonesia, Rabobank, and Bank Hagakita Hagabank merged with the new name Rabobank Indonesia.

While Vice President of Rabobank Indonesia, Danny Hartono, said the bank merger will focus on food and agribusiness sector, as well as some choice other products and services for the corporate market. It also will strengthen the SME financing sector by taking advantage of the network and the Bank Hagakita Hagabank.

“We are working to become more frequent potential SME sector because this sector has shown good performance in recent years, is seen from the reduction in the NPL (non performing loans) nationwide from 4.3% in 2006 to 3.44%,” said Hartono.

Director of Operations of PT Bank BNI Subiantoro Bien said the government bank is ready to provide payment services “visa on board” or a visa is in the realm of national carrier Garuda Indonesia carried out.

“We’re ready. If it is in many international flight routes visa service can be done in ‘visa on board’ is, certainly we’ll do,” he said at the International Airport Ngurah Rai, Denpasar, on Thursday (21 / 1).

Subiantoro included in the group who participated in the GA-881 flight from Narita International Airport, Tokyo.

In flight, participating Indonesian Ambassador to Japan Jusuf Anwar, Director of PT Garuda Indonesia Emirsyah Satar, and the Director General of Immigration Ministry of Justice and Human Rights Muhammad Indra.

Besides them, there is more number of officials concerned with the application of re-issuing visas in an aircraft that, among other BNI Regional Head in Tokyo A Word Wibowo.

Flight GA-881 to fly business class customers 42 and 215 economy class from Narita it to be special, because of travelers from Japan were directly served their immigration procedures since I was in an airplane, so they no longer need to queue to get a visa stamp in his passport.

“The way is simple, the customer has given a form on a BNI outlets located in the international departures terminal Narita Airport,” he said.

Form, he said, and then served Indonesian immigration officers in an aircraft to be stamped and so on.

“Tariffs are determined in accordance with predetermined rates of government, ie U.S. $ 25 per person per visit to Indonesia,” he said.

Indonesian immigration regulations on visa requests have been more “flexible”, which gives permission for a 30-day visit in the form arrival visa, and then be extended to 30 days without having to leave Indonesia before the period of validity of visas run out.

According Subiantoro, from the business side of banking, funds that could be developed from the service “” visa on board “is actually less significant.

“But there are other benefits that are far more important in accordance with our mission and the mission of government. This is what should we support wholeheartedly,” he said.

Bank BNI is the only state banks operating in Japan.

He said in order to permit the opening of outlets care services “visa on board” may take up to one year before the flight GA-881 can be implemented.

“Looking after permission was long, because it was the Japanese government banking regulations. If these services are also applied in other countries where we do not have official representation, then we can do this by partnering with local banks or through other means,” he said.

Until now, the number of Japanese citizens who visit other countries as many as 16 million people a year, while the population numbered only about 75 million people.

In 2009 Indonesia had reached approximately 550,000 Japanese citizens to vacation in this country, with the main purpose Bali become.

Most of the Japanese travelers coming through the international flight routes

JAKARTA – Bank Indonesia (BI) said  Barclays Plc of retail banking in Indonesia through Bank Akita, not included in the rules of Bank Indonesia Regulation (PBI).

“No rules, nothing in the PBI,” said Director of the Directorate of Banking Supervision and Settings BI Halim Alamsyah, after Friday prayers in the BI office environment, Jakarta, Friday (26/3/2010).

According to Barclays the discharge is in conformity with discretion where not all the rules that the practices that used to do banking, because there should be flexibility in writing. “That authority Board of Governors, if we make the rules in detail will be less flexible,” he said.

In addition, BI consideration initially when one large London banks will be more useful if the stay in Indonesia up to four years, but there was a general rule of foreign banks in Indonesia. Afterwards there are some things to be considered again.

“The usual rules sometimes can not meet certain conditions, it was not the exception, but that discretion. BI was given the authority to conduct discretion in order to be effective,” he concluded.

Bank Indonesia (BI) Manado to disseminate public awareness about the application of Know Your Customer (KYC), or the principle of know your customer, to prevent money laundering (money laundring).

Deputy Governor of Bank Indonesia (BI), Muliaman D. Hadad put it in Manado, Friday (05 / 6), who attended North Sulawesi Provincial Government Assistant II, Marieta Kuntag, BI Leader Manado, Jeffrey Kairupan and Sujanarko Commission members and Wahyu Hidayat.

“To encourage people to be working with financial service providers or banks, the Bank together with the Report Center and the Financial Transaction Analysis (PPATK) and the Corruption Eradication Commission (KPK), conduct socialization to the community in a comprehensive and sustainable,” said Hadad.

Socialization activities Know Your Customer and Anti Money Laundring (AML), Hadad said, is a manifestation of a national strategy in order to prevent money laundering.

“Officials at the environment a priority of local government as the party needs to understand the application of the provisions of KYC and AML,” said Hadad.

He explained that the KYC is the principle applied to determine the identity of customers, including reporting suspicious financial transactions to INTRAC.

“With this socialization is expected elements of society, especially officials in the local government could assist in the implementation of the provisions in question, as well as support the efforts of government and state institutions, to protect the banking industry so as not to be misused as a medium for money laundering,” he said.