Companies Bill Gates – Toshiba Discuss the Development of Nuclear
Company Info November 9th, 2010
TOKYO – Japanese electronics giant, Toshiba, states are in talks with billionaire’s TerraPower United States (U.S.) Bill Gates, co-operation related to the development plan of nuclear reactors small scale.
Business newspaper, Nikkei, reported, such cooperation include the development of compact nuclear reactors that the latest generation can operate more than 100 years and the target can produce emission-free energy.
“Toshiba has entered the initial conversation with TerraPower and we are looking for possibilities to work together,” said Toshiba spokesman Keisuke Ohmori of Tokyo, as quoted by AFP,
According to, Nikkei, Toshiba cooperation with TerraPower designed to be easy to operate in the city or region with a more simplified operational level.
Ohmori added, along with executive Bill Gates has visited TerraPower nuclear laboratory in Tokyo’s Toshiba last year.
“TerraPower develop small-scale nuclear reactor and Toshiba makes little different reactors. They are interested in our technology and intend to put it together, “he said.
He continued, as the beginning of the two sides have started to exchange information but no that any decisions, including investments.
“Gates hopes to use the wealth they have to develop TerraPower. Investment could reach billions of dollars, “the Nikkei.
Still according to the Nikkei, TerraPower talks cooperation with Toshiba is not just knowing the needs of manufacturing nuclear power plants.
In the U.S., the company operates Toshiba Westinghouse nuclear reactors. The company designed the ultra-compact nuclear reactors that can operate for 30 years.
“Our company was asking for approval from the U.S. government to
start building a similar reactor in 2014 can be operated more practical, “said Ohmori
5 Million in West Java Micro Entrepreneur Not Seen By Banking
Credit & Loan October 28th, 2010
BANDUNG – The number of microfinance providers in West Java through the number seven million people but only two million entrepreneurs who have been touched by banks. The rest are still not able to enjoy credit facilities from local and national banks.
Region II Leaders Bank Danamon B Setiadi Purnomo explained, credit services to over two million micro business is conducted only a small part of banks such as Bank Danamon, Bank Rakyat Indonesia, and BPR.
“In addition to banking, they are the perpetrators of these micro enterprises received help from the cooperative market. So the actual credit opportunities to these consumers are still large,” the minister said at the Regional Office II Bank Danamon Jalan Merdeka, Jakarta, Thursday (10/4/2008) .
Purnomo explained, there are several reasons why it is focusing on microcredit than any other banking products. Micro, Purnomo explained, has a high level of resilience against economic turmoil.
Bank Danamon has channeled 200 billion in loans during the first quarter of 2008. Largest credit at kredi product savings and loans provided to micro business loans worth Rp110 billion. Following later commersial and Corporate credit Rp50 billion, small medium enterprise loans Rp30 billion and Rp10 billion consumer banking.
In 2007, loans oustanding position Rp1 trillion. Especially for micro-credit, can deliver target Purnomo Rp350 billion this year. Rose 31 percent from last year’s credit position. He believes he can exceed the target for the fourth month of 2007 the value of microcredit had reached Rp110 billion.
“We are specifically helping microfinance providers engaged in trade and services sectors. Plafon their loans up to Rp 100 million with interest rate 15% – 20%. But the average is usually their loan-Rp60 million to Rp100 million,” he said .
Bank Kookmink Quake Victims Donate $ 100,000
Bank October 28th, 2010
Kookmin Bank contribute earthquake victims in Yogyakarta to the World Food Program (WFP) worth U.S. $ 100,000 (equivalent to Rp940, 3 million) through PT Bank Internasional Indonesia (BII).
Contributions submitted Bank BII President Director Henry Ho to WFP’s Deputy Country Director, Indonesia witnessed Representative Bradley Busetto Kookmin Bank Yong Kook Oh in BII Platinum Access, Thamrin Jakarta, Saturday.
Yong Kook Oh who is also a Commissioner of Bank BII said, Kookmin Bank’s contribution is part of BII collected funds for shareholders, employees and customers BII.
This donation will be distributed directly to disaster victims and reliable institutions, he said.
Regarding donations given to the WFP, he said aimed to provide food noodles and highly nutritious biscuits produced in Indonesia for the disaster victims in Yogyakarta and surrounding areas.
“We are very sorry for the occurrence of natural disasters that hit Indonesia in recent years, especially the earthquake that struck Yogyakarta and around, he said.
With the availability of food in sufficient quantity, the families who become victims of the earthquake can restructure their lives.
Bradley Busetto on this occasion to say, the funds needed to meet the food needs for the earthquake victims in six months is estimated at U.S. $ 5.58 million.
“We are very grateful for the support of Kookmin Bank and BII, he said.
Kookmin Bank is Korea’s largest bank is one of the shareholders of financial Sorak Holdings Pte Ltd, Consortium shareholders
Indover Bank Denies Illegal Practices
Bank October 4th, 2010
Indover Bank, a bank which is owned by Bank Indonesia in Amsterdam Netherlands, denied the illegal practice because of all the accusations that had been presented in the media is not proven and the Dutch central bank (DNB) has conducted oversight of the Bank Indover.
“We deny the allegations of certain parties that the Bank Indover has done an unhealthy practice. We are still conducting its activities with reference to the principle of` prudential and `good corporate governance,” said Adji D Soenyoto, Indover Bank’s Chief Representative in Jakarta
He argued that because there are certain parties who claim that the Bank Indover in the Netherlands only a corruption agency officials and Indonesia did not benefit from the financial aspect. Therefore, Bank Indonesia as the owner must immediately divested.
“All the negative allegations against the Bank Indover was never proven. It issues long. Indover bank anyway it is always supervised by the Dutch central bank (DNB), so would not have done illegal practices,” he said.
De Nederlansche Bank (DNB) is known internationally known as one of strict central bank. In the role of bank supervision, DNB has a regular and intensive relations with the bank Indover. KPMG Netherlands, as a company accountant who has a reputation internationally and operate a bank auditor Indover
For those who continue cornering Indover Bank, continued Adji, management will do everything the way, including the legal route in order to show its commitment to maintain the good name and reputation of the company.
He argues, that the company’s financial condition is now improving, the situation is different than previously as a result of these steps “turn-around” implemented in 1998, including the transfer of non-performing loans (NPLs) to the Indo Plus. This is evident from the company’s financial statements (unaudited) as of the end of 2004.
One indicator of improvement is the position of Capital Adequacy Ratio (CAR) perseoran per end 2004. Indover Bank’s CAR as of end December 2004 increased to 46.8% from 43.3% in 2003 and 26.6% in 2002.
Indover Bank was born in 1828 and made Indover Bank as one of the oldest financial institutions in the Netherlands. Indover Bank currently specializes in the “Trade Finance” to serve the enterprises of small and medium enterprises in Europe and Southeast Asia, supported by a network of “correspondent banking” wide.
Indover Bank even has a single B + rating with “stable outlook” given by the Fitch-Ibca, an international reputable companies in the field of credit rating.
Indover bank, continued Adji D Soenyoto, offering products “standard” or “taylor-made” especially for companies import and export in several countries. Service our customers do the Amsterdam office, Hong Kong, Jakarta, Singapore and Hamburg.
World Bank – Japan Set up New Financial Institution
Bank September 22nd, 2010
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.
