Oplecenter Business & Finance News

The World Bank and Japan will launch a new financial supervisory body that will provide capital for banks in developing countries who are struggling to cope with adverse impacts of global financial crisis, according to International Financial Cooperation (IFC), Tuesday (3 / 2).

IFC, a subsidiary of the World Bank that provides investment channels for the public sector development in developing countries and Japan Bank for International Cooperation (JBIC) have signed the agreement.

IFC will manage the fund the new bank recapitalization through a financial management company indicated separately and will serve the banks in developed market economies are now difficult to get alternative funding following the global financial crisis.

“These institutions will help ensure banks in developing countries to continue lending (credit to customers) and support the economic recovery and job creation through economic and financial crisis that is now happening,” the World Bank in its official statement.

Investment of U.S. $ 2 billion of ‘embedded’ JBIC in this new transnational institutions have been announced by the Prime Minister Shoichi Nakagawa during the annual meeting of the International Monetary Fund and World Bank which took place last October.

World Bank calls this agreement was signed Monday at the headquarters of JBIC in Tokyo by Lars Thunell, IFC Executive Vice President and Chief Executive and CEO of JBIC Hiroshi Watanabe.

“With the funds invested in this institution, we try to prevent (spread) of chaos in the international financial system and world economy. The agreement with the IFC is an important step by completing our mission to reach that goal,” Watanabe said.

Thunell thanked Japan for this country to be partners with builders and contribute generously to the financial supervision institutions, and hopes this new agency up and running as soon as possible.

The mission of IFC is to promote economic growth in reducing poverty, reported that in fiscal year 2008 which ended on June 30, have invested a total of U.S. $ 16.2 billion or an increase of 34% over the previous year.

PT Bank Internasional Indonesia (BII) Tbk and PT Bank DBS Indonesia (DBSI) establish a strategic partnership, which enables corporate customers to access the national network DBSI branches BII for cash management services.

The signing of the cash management agreement was executed between the President Director of BII, Henry Ho with Vice President Director of Credit & Risk Management DBS, Sutanto Megawati in Jakarta, Tuesday (31 / 5).

Through this agreement, the DBSI customers can save some cash and checks in BII 260 branches throughout Indonesia.

This is part of a comprehensive cash management services DBSI, which includes e-banking services are innovative and products such as accounts payable management and liquidity management.

Previously, DBS and BII in 2004 has made possible the cooperation of the two banks are able to use ATMs in Indonesia and Singapore, with more specific costs low.

According to Henry Ho, this cooperation will enhance the ability of cash management products that have both sides, increasing fee income base, electronic banking solutions that excel and confirmed the commitment to be the best local banks that have international standards.

“DBSI strategic partnership with BII has the power network of branch offices spread throughout Indonesia, with a standard-class service,” he said.

BII will execute the transaction receipt and payment of funds in the bank’s locations as recipients of funds, for the sake of DBSI and corporate customers as paying bank to make payment of funds to third parties.

Cash management services is a rapidly growing business and provide a stable revenue contribution to the DBS.

Through technology and innovative products, the bank can help companies and medium and large manage the flow of funds, consolidation of funds for better control and channel the excess liquidity in the investments that provide greater profits.

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