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Jumat, 20 April 2012

Prepared OJK Code of Conduct

Establishment Preparation Team Leader Financial Services Authority (OJK) Mulya P. Nasution said the Board of Commissioners after the establishment of OJK, OJK soon established a code of conduct.

"Yes the code of ethics is one of the focus later. After DK OJK elected, one of the DK will be the Chairman of the Ethics Committee," said Mulya, Tuesday (04/17/2012).

About what the concept of a code of conduct, Mulya can not tell you much. According to him, obviously, the preparation of a code of conduct OJK not depart from zero at all. "We did not start up from scratch, but it can synchronize with existing code of ethics in the Ministry of Finance and Bank Indonesia. We'll see if there is a need to be tightened or expanded," he said.

Establishment of a code of conduct has become the mandate of the Act OJK. In article 32 paragraph 1 stated the Board of Commissioners establish and enforce a code of conduct OJK. Meanwhile, article 32 paragraph 2 further mention provisions on codes of conduct as prescribed in paragraph (1) is regulated by the Board Komisoner.

Funds Grow 18 Percent More Danamon

PT Bank Danamon Indonesia Tbk raise third party funds amounting to Rp 89 trillion to the end of March 2012.

The number of third party funds (DPK) was up 8 percent compared with the final quarter of 2011, which amounted to Rp 82 trillion.

Director Vera Eve Liem Danamon in a press release on Tuesday (4/17/2012), suggests, the increase in deposits was supported growth of low-cost funds in the form of demand deposits and savings of 18 percent to Rp 36 trillion.

"Demand deposits grew 33 percent to Rp 13 trillion, while savings grew 11 percent to Rp 23 trillion," said Vera.

However, the total cost of funds is still less expensive than the funds in the form of deposits. Per the first quarter of 2012, deposits grew 3 percent to Rp 53 trillion.

Thus, deposit growth is much smaller than the current accounts and savings deposits still dominates the source of Danamon with 59.55 percent share of total deposits. The low-cost funds reached 40.44 percent of total deposits Danamon.

Deposit of funds is said to be expensive because it provides a greater rate than demand deposits and savings as a low-cost funds. However, it limited the amount of interest rate guarantee issued by the Deposit Insurance Corporation (LPS).

Currently, the interest rate guarantee for rupiah deposits at commercial banks at 5.5 percent. Deposit interest rate is greater than the interest rate guarantee is not guaranteed by LPS.

Anticipation Inflation, Monetary Operations BI Polar

Bank Indonesia (BI) will give priority to monetary operations in the face of inflation expectations began to rise. However, the BI will continue to prepare the further steps, such as reviewing the statutory minimum amount.

"We really see any indication that inflation expectations are starting to increase. You can see whether the indicators of retail sales survey from the merchant, and consumer expectations survey also implied inflation expectation of financial market participants is no indication that rising inflation expectations," said Chief of Department Economic Research and Monetary Policy Bank Indonesia, Perry Warjiyo, in discussion with reporters at the Office of Bank Indonesia, Tuesday (17/04/2012).

In anticipation of rising inflation expectations, the central bank did reinforcement in monetary operations. Perry said the operation aimed at controlling liquidity have been conducted from last month.

With the strengthening of monetary operations, the central bank tries to keep interest rates of monetary operations and the market moves up a little money, especially for the tenor-tenor of more than one day.

In early March, he said, interest rates for monetary operations tenor deposit facility for one night (overnight) of about 3.75 percent, and for the tenor to 9 months was about 3.8 percent.

"By strengthening monetary operations that we did last month until now why then our monetary operation rates for the deposit facility to which one day we still maintain 3.75 percent, and for the 9-month tenor was about 4 percent," he explained.

Even though there is little to interest rate increases 9-month tenor, Perry said, the percentage of 4 percent is still low. That way, there is no reason for banks to raise deposit rates or lending rates.

In addition to strengthening monetary operations, he said, the central bank will continue to prepare the further steps. These steps will depend on government policy, for example related to fuel oil (BBM) and its impact on inflation.

"The move to another control liquidity directly in addition to strengthening monetary operations continue to perform the steps of course we are prepared directly controlling liquidity through a review of the minimum reserve requirement. It is being prepared. Implemented as to what and how we look at how government policy decisions related to fuel What kind of impact on inflation, "said Perry

Three Airlines Official Airline Being Haji Service

Three Airlines Official Airline Being Haji Service
Three airlines authorized to host this year's Hajj transportation. They are Garuda Indonesia, Batavia Air and Saudi Arabian Airlines. "Only a third airline," said Minister of Religious Affairs Suryadharma Ali on Wednesday (18/04/2012).

Suryadharma explains, the decision of the organizer of the three airlines that transport pilgrims set out from since 3 April, after the government gave the airline a chance to bid.

Regarding the participation of Saudi Arabia Airlines airline, said it is mandatory Suryadharma. "Saudi Arabian Airlines shall be included, because we embrace the principle of reprosikal. If we send citizens to the country of destination, the airline from the country of destination is given the opportunity to participate," he explained.

For information, the amount of the costs of conducting the Hajj (BPIH) in 2011 and was recorded at Rp 30,771,900. This decreased the amount of Rp 308 700 from the previous year to Rp 31.08 million per congregation.

BPIH component of pilgrims paid includes the cost of embarkation Hajj flights to Saudi Arabia, the cost of public services (general service fee) for the kingdom of Saudi Arabia, the cost of lodging in Mecca and Medina, and Living allowance for pilgrims in Saudi Arabia.

Dahlan Iskan Publish Three New Decree

"It (the issuance of Decree) is not due to an interpellation plan, but only as a guideline only," Dahlan said, after speaking at a discussion on "The Increasing Value Added, Support for SOE performance Towards World Class Company" at the House of Antam, Jakarta, Wednesday (18 / 4/2012).

Dahlan explained that all three ministerial decree (Decree) is no different to Decree No 236/2011 of the Delegation of Some Powers of the Deputy Minister of SOEs to the Ministry of Enterprise, directors, and commissioners. "The decree issued three ministerial decrees as well as at 13 April 2012 and prepared before the Parliament on the proposed interpellation 236/MBU/2011 issued Decree No state-owned enterprises," said Dahlan.

He explained that the three new decisions about how to itemize only authorizing the minister to the ranks at the bottom.

Decree No. 164 contains guidelines setting authority of the Minister to the Board. The next Ministerial Decree No. 165 on Guidelines for Determination of the Authority Secretary to the Board of Trustees and Directors, while Decree No. 166 set the setting authority of the Minister to state officials Echelon I.

Former Managing Director of PT PLN admitted surprise that some members of Parliament considered that the Ministerial Decree No. 236 dangerous by reason of directors may sell state-owned assets without the consent of the Minister and Parliament. "I ask, why before the Decree was issued many state-owned assets are lost, and why no one even after the assets are missing," he said.

However, Dahlan ensure that the rules issued by the Ministry of SOEs is to prevent the sale of state assets due to be set and the transfer of assets is not done haphazardly.

Earlier, Vice Chairman of House Commission VI Aria Bima says ready to roll out the right of interpellation to the Minister of SOEs Dahlan Iskan to question the Decree No. 236/2011. Minister's decision is considered to be substantially or legal-formal violation and contrary to state laws and regulations.

Rice Imports Special Do Not Disturb Local Rice

Special permit rice imports by the government to a number of importers should be used in accordance with the provisions. Do not let the import of rice, special rice premium or a certain type of rice that are not produced domestically-made ​​rice farmers at the local level dropped.

Director General of Foreign Trade Ministry of Commerce Deddy Saleh on Wednesday (4/18/2012), in Jakarta, said that, technically specialized rice importation provisions stipulated by the Ministry of Agriculture.

"That set the specific types of rice that can be imported is the Ministry of Agriculture. If the rule would be reorganized, it means we must learn first," he said.

He said the most important thing is not to interfere with the price of rice is rice farmers. Rice is also expected to help to price stability.

Bulog market operations have not been fully able to lower the price of rice. Medium quality rice is thrown Bulog was not responded to the market. "That is, they need a premium quality rice," he explained.

Bea Should Quit Mine Progressive

Export tax or duty out which plan will be applied for mining commodities should use a progressive system. The system is more dynamic and just because it follows the selling price in the market. Progressive system has also been tested in coconut oil and cocoa.

Director General of Foreign Trade Ministry of Commerce Deddy Saleh was speaking in Jakarta, Wednesday (18/04/2012).

"The implementation of the urgent duty out to do. Consideration, to prevent over-exploitation of the export ban imposed before mine raw. Another consideration is to encourage hilirisasi mining industry," he said.

According to him, a progressive tax system is more appropriate for mining commodities. The system has also been used for oil palm and cocoa. Both commodities were subject to tax on a maximum of 25 percent. Customs set out progressively each month following the benchmark export price changes. In my opinion, the system progressively more fit, "said Deddy.

Deddy confirmed, until now there has been no decision related to the amount of duty out. His department had not received the amount of tax on the proposal of the Ministry of Industry and the Ministry of Energy and Mineral Resources (ESDM). Previously, the government has a duty discourse out a maximum of 50 percent, which will be phased in gradually.

Minister of Industry MS Hidayat has said, out of the high duties should be applied to mining. The goal is to anticipate the possibility of rogue employers exploit the mine on a large scale before the ban enforced.

Based on data from the Supreme Audit Board, the balance due the state of the mining sector amounting to some Rp 1.1 trillion. It is revealed in financial statements by the Ministry of Energy December 31, 2011. Receivables came from fixed fees, royalties, proceeds from the sale of coal, and fines.