Oplecenter Business & Finance News

JAKARTA – Bank Indonesia (BI) will observe the movement of global foreign currency. The reason this movement, currency movements affecting the country.

“Especially various currencies in Europe and Asia,” says Governor of Bank Indonesia (BI) Boediono, after Friday prayers in the House Bank Indonesia, Jakarta, Friday (5/9/2008).

GMU Professors states, the movement of the rupiah can not be separated from the movement of global currency weakened against the USD. Currently, the symptoms of global foreign exchange movements against the USD, almost rose against all currencies. “So this market movement,” he added.

Strengthening USD at the moment, he continued, is due to a better perception of the American economy, compared to Europe and Japan. “And even compared to Asian countries, perhaps. So NZD against all currencies were strengthened,” he added

BEIJING – China’s government will not change its policies towards exchange rate Yuan, although China was currently facing difficult year in maintaining economic growth and development.

In a press conference China’s annual report, Prime Minister (PM) China Wen Jiabao said Beijing is not ready to pull the stimulus enacted in late 2008 to remove China from the crisis

“This will be the most complicated year for the Chinese economy and we will continue to maintain the continuity and stability of macro economic policies of this country,” he said as quoted by AFP, Minggu (14/3/2010)

In addition, Self also warned that Beijing does not yield to foreign pressure to increase the value of its currency and did not allow the United States to intervene too much on the thorny issues of Taiwan and Tibet.

Keep in mind, the Government of China disbursed USD586 billion stimulus package in late 2008 to boost domestic demand as a step to cover the fall of exports as the U.S. and European recession.

Wen said the current government to stay focused to consolidate the restoration of China.

“The economic situation remains complicated, even though the world economy improves, the main problem of global economy has not completely lost,” he said.

Last week U.S. President Barack Obama called on China to be more market oriented through exchange rate policy, which he said would make a significant contribution in maintaining the balance of post-crisis world economy.

But Wen rejected the plea and said the currency could not be blamed for the deficit in foreign trade.

“We oppose the practice of recriminations between countries or even to force another country to set the value of their currency,” he said.

JAKARTA – Bank Indonesia (BI) admitted if the flow of foreign funds into the money market is very large, thus affecting the strengthening of the rupiah to the last few days.

A large flow of funds, not just go to Indonesia alone, but also to several other major countries.

“Yes indeed the flow of funds from outside is great, though not to us alone. It practically went into all developing countries, higher policy rates,” said Acting Governor of Bank Indonesia Nasution Nasution, when found journalists, in the House Bank Indonesia, Jakarta, Friday (15/1/2010).

Just to remind, the rupiah had strengthened thin and stay on the level Rp9.100 per USD at the close of trading yesterday afternoon.

Based on data from Bank Indonesia (BI), the exchange rate was at the close of trading Thursday afternoon, the rupiah was at the level Rp9.150 per USD. That is down compared to yesterday’s closing level of trade Rp9.180 per USD.

Noted, for the sale of rupiah exchange rate at the level Rp9.196 per USD while for the exchange rate is in a position to buy Rp9.104 per USD.

HONG KONG – State-owned investment company China reluctant to flow of funds to foreign financial institutions, to ensure that government policies relating to the global economy and overcome the economic turmoil.

Chairman of China Investment Corp. (CIC) Lou Jiwei said today it has approximately USD200 billion fund that will help China’s government investment to increase cash. Later on this cash can be used as a bailout.

Loe said it did not have the desire to invest in foreign banks amid turmoil and uncertainty of economic conditions. We have confidence in financial institutions declined because foreign governments often look to change their policies every week.

“We currently do not have the courage to invest in financial institutions,” he sat talking in a panel discussion that diselenggaran former U.S. President Bill Clinton in Hong Kong, was quoted by AFP on Wednesday (3/12/2008).

It will wait until there is not a massive bankruptcies of financial institutions. Then decided to finance investment.

Government of China has set up investment to increase profits for the foreign currency reserves of Beijing, which is about USD1, until September 9 trillion.

Most of these funds are kept in U.S. Treasury Department and others in the form of securities with low yield levels. But many are complaining about the organization’s largest fund investing in the middle of economic turmoil.

As China’s largest investment companies of the CIC which has provided funds of $ 5 billion in December 2007 to Morgan Stanley. This investment provides the CIC shares up 9.9%

NEW YORK – Fluctuations in currency exchange rates Japan as world’s countries to make expensive for foreign entrants. Based on the survey, ECA International, the cost of living in the country of the Rising Sun is the most expensive in the world.

While London was recorded as the city with the cost of living ranked 72nd most expensive. While the city with the most expensive cost of living for immigrants held Luanda in Angola. The lack and scarcity of products commonly used expatriates, making prices soar needs.

The financial crisis makes London falls ranked as the most expensive cities in the world. Position down to rank 72. This position is lower in the appeal other European cities, like Paris, Munich, Amsterdam, and Brussels. Whereas years ago London was in a position to-10. In the ranks of European countries, Moscow is a city with the highest living costs.

But of all that, the cities in Japan still holds the record for most expensive cities. Tokyo was in 2nd position after a few levels below Yokohama, Nagoya, and Kobe.

Whereas last year, not one city in Japan in the top 10. This is due to the strengthening of the yen exchange rate compared to some foreign currency.

In Asia, Islamabad is the most expensive cities, where prices of goods and services there, 70 percent smaller than the average city in Japan.

“Global economic crisis a few exchange of foreign currency fluctuations. At a certain time reduction and increase is very drastic,” said Lee Quane, General Manager, ECA International Asia was quoted as saying Friday Telegraph.uk, (5/12/2008).

The study included 125 eksptariat who lived in 370 locations around the world. They asked about the cost, starting daily needs, transportation, and to lifestyle.

Data collected organizations Human Resources (HR) ECA International. Organization based in New York, USA provides HR information services and has a network of 4000 HR institutions in 71 countries.