Financial Service Provider Customers Demanded Know More
Finance August 12th, 2010
JAKARTA – Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) requested financial services provider in the field of capital markets to get to know their customers.
As stated Chairman of Bapepam-LK in the press release was quoted as saying by the official website of Bapepam-LK, in Jakarta, Saturday (26/12/2009) will this new decision also came into force since January 1, 2010.
Introduction was done in order to create capital markets industry is healthy and protected from the practices of money laundering and used as a means of funding terrorist activities.
Therefore, efforts needed to prevent and combat money laundering and financing terrorist activities by financial service providers in the field of capital markets through the application of the principle of know your customer.
Based on this, the enhanced provisions of the principle of know your customer by the financial services provider in the field of capital markets, the attachment decisions chairman of Bapepam-LK No. Kep-313/BL/2007 of August 28, 2007 with a discipline decision of Bapepam-LK chairman of the new.
The financial services provider in the field of capital markets that has obtained permission or approval from Bapepam-LK prior to the application of this decision must submit to Bapepam-LK guide implementation of the customer knows the principles that have been adapted to the provisions referred to at least June 30, 2010.
In addition, financial service providers to update the data on existing customers before the establishment of this decision by tailoring the information and supporting documents referred customers. Then verify the information and documents referred to the client at the latest on December 31, 2010.
With the enactment of this decision, the decision of the Chairman of Bapepam-LK Kep-313/BL/2007 number of August 28, 2007 on the principle of know your customer by a financial services provider in the field of capital markets is revoked and declared no longer valid.
Data Storage Solutions and Disaster Resistant Green from HP
Portfolio August 12th, 2010
JAKARTA – Hewlett-Packard (HP) has launched the latest storage solutions from the ranks of Storage Works XP24000 and XP20000. This product series proved its reliability in implementing environmentally friendly technologies, offers increased performance, and can reduce energy consumption significantly compared to the previous range of XP storage.
XP24000 is a technology that ranks high-end storage is intended to support the enterprise computing environment that can support business continuity for 24 hours in a week.
“Customers want the enterprise data center a reliable system settings with ease and can run without a hitch for 24 hours a day despite the disruption or damage,” explains XP Worldwide Business Unit Director Chris HP Legal Powers when met in Jakarta, Tuesday (23/9/2008) .
Excess is ideal for large companies who want to consolidate workloads and reduce overall operational costs in managing the data center because it is equipped with software thin-provisioning. With this technology, the allocation of storage disks tervitualisasi automatically as needed. With this addition, energy consumption and excessive heat production can be reduced because only uses the total number of disks required in a particular configuration.
In addition to theme is environmental friendly and cost savings, XP24000 also offers a unique data replication capabilities for a variety of storage systems. Promise bullet proof can be seen on the website YouTube, which guarantees the securities business risks such as downtime or loss of data that information technology systems can cause losses to the company millions of dollars. This series also comes with swappable components, non-Disruptive online upgrades and dynamic partitioning so that companies can adapt to changing business needs without interrupting the course of operating firms.
XP24000 produced a world record for storage with the speed of 8.7 GB per second and the price for each performance worth USD187 per MBps. These results are very much different from the previous world record achieved by the configuration of storage array with 16 drives of 1536 along with a virtualization application that is 7.08 GB per second and price comparison at each performance USD464 per MBs.
Recorded the total cost of these systems for $ 3, 3 million and XP24000 proven performance 20 percent better than the previous record and cost a half times lower. The results of this assessment issued by the Storage Performance Council (SPC) is believed to be the vendor who did the standardization of a neutral institution and does not take sides because it has focused on the storage industry.
Apart from spend data solutions for large businesses, XP also comes with a Storage XP20000 for small businesses and customers beginners. This series comes with a broad portfolio of software to reduce operational costs and eliminate the complexity of enterprise data management with Thin Provisioning like in XP24000.
Through software virtualization technologies and external storage arrays dynamic partitioning simplifies the consolidation and management of various storage systems. With such small-scale companies can consolidate their data storage centers while reducing costs with data management more efficient.
Sepert too? Brother?, XP20000 supports hard drives equipped with a Serial Advanced Technology Attachment (SATA) 7.2 TB capacity K 1 rpm that is compatible with all slots XP disk drives available today. With SATA disk drives using the maximum capacity of 69TB increased XP2000 to 177TB.
With out a pair of data storage solutions that do not play in innovation, HP wants to reinforce its position as technology companies become market leaders. Targeted total targets in the storage area reaches 35 percent for the Asia Pacific area and 20 percent, especially for HP.
“With the kamui innovation in the field of data storage we want mebuktikan that we are serious to get into all of society, starting from low end to enterprise-class,” says storage Work Division, Technology Solutions Group HP Indonesia Astri R Dharmawan.
OECD Tax Treatment Will Manage the Bank Customer
Economy August 2nd, 2010
SINGAPORE – The Organization of Economic Cooperation and Development (OECD) issued a rule intended to help its customers how banks pay taxes.
We shared the banking sector will develop the rules of how the bank helped clients deal with tax, Tax Division, said OECD chief Jeffrey Owens, in Singapore told Reuters on Wednesday (24/3/2010).
Drafting the new rules will involve all banks, especially investment banks. According to Owen, this idea is still being discussed and will be discussed in the OECD meeting next September.
UBS has a tax investigation last year on charges of helping the rich United States (U.S.) hide their money in Swiss accounts. Today, UBS customers secrecy until now still under pressure. As financial institutions from Switzerland, UBS is known customer confidentiality.
OECD has urged financial centers around the world for more transparency and combating tax evasion. OECD has made a gray list the countries that do not apply the standards of international tax in full.
Crisis, the Bank in Latin America in fact Lucky
Credit & Loan August 2nd, 2010
MEXICO – The rating of Standard & Poor’s expresses the banks in Latin America will benefit in the second quarter. In fact, the economic crisis has made banks dependence on deposits than loans disbursed.
As reported by the AFP, Tuesday (13/10/2009), most banks in Latin America will end the period (second quarter) with a profit. Despite the fact that economic activity declined and the economic growth is still berfluktuatif.
“The banks are considered, we do not see a problem in the banking system, as seen in the United States, Europe, and Asia,” said analyst Standard & Poor’s Angelica Bala.
For your information, the banks in Latin America to escape from the liquidity crisis because they do not have such a sophisticated operation of credit derivative instruments.
The private credit sector in Latin America represents an average of 20 percent of GDP, compared to approximately 80 percent of Spain’s economy, and approximately 100 percent in the United States (U.S.). However, banks in Latin America experienced more severe decline in activity between 2009 and 2010 than the U.S..
While the capitalization and liquidity of banks in Brazil, which is the region’s largest economy, will help cushion the impact of reduction in assets and investments.
According to the UN Economic Commission for Latin America and the Caribbean (ECLAC), Latin American economies expected to fall 1.9 percent this year, despite positive signs at the end of the year could result in shrinking 1.5 percent as a whole.
The Black Gold Down $ 80
Gold Investing August 2nd, 2010
SINGAPORE – Oil prices fell toward $ 80 per barrel at the close on Thursday (25/3/2010) in Asian trade. This extended from the previous day’s losses after the increase in U.S. crude oil inventories and consumer demand is still weak.
Benchmark crude for May delivery fell 25 cents to $ 80, 36 per barrel during the day Singapore time in electronic trading on the New York Mercantile Exchange (NYMEX) or a contract loss of $ 1, 30 to settle at $ 80, 61 per barrel on Wednesday.
U.S. Department of Energy on Wednesday reported that U.S. crude oil inventories rose 7.3 million barrels to 351.3 million barrels last week. Analysts expect an increase again to 1.67 million barrels.
Meanwhile, oil demand in Europe is far worse than the United States, with France, Italy, Spain and the UK fell by 10 percent in January compared to the previous year.
Some analysts worry that higher unemployment rates in the U.S. and Europe will continue to drag the consumer demand.
“It’s reasonable to assume that the U.S. unemployment rate will remain stubbornly high for at least two years. The table is set against the decline in gasoline demand, not only in the U.S., but jugadi Europe,” said energy analyst Stephen Schork, as the quotes from The Associated Press (AP), Friday (26/3/2010)
In other NYMEX trading in April next, heating oil fell 0.37 cents to $ 2, 067 per gallon, and gasoline steady at $ 2, 22 per gallon. Natural gas fell 1.0 cent to $ 4, 095 per 1,000 cubic feet.
In London, Brent crude fell 16 cents to USD79, 46 on the ICE futures exchange
