Standard Chartered Bank became the official distributor of the mutual fund Greater Manulife Indonesia Fund (MGIF) in May of this. It was the product of mutual fund shares denominated in U.S. dollars under management of PT Manulife Asset Management Indonesia (MAMI).
President Director of MAMI, Legowo Kusumonegoro, said that Standard Chartered Bank is the first bank realtors who market these products to the general public. "We have established good cooperation with Standard Chartered Bank for 11 years and with good service quality and breadth of the marketing that is owned by Standard Chartered, we believe this partnership will give more benefits to customers both institutions," said Legowo, the Kompas.com release received on Monday (5/21/2012).
With a minimum investment of 100 dollars, a customer with an appropriate risk profile, can directly be MGIF mutual fund investors in all branches of Standard Chartered Bank. In addition to investing in U.S. dollar, investors still get a capital market investment opportunities in Indonesia.
Lanny Hendra, General Manager of Wealth Management & Marketing Country Head Consumer Banking Standard Chartered Bank as a product look unique MGIF remember this is the only mutual fund shares are denominated in U.S. dollars Indonesia.
"We see Greater Manulife Indonesia Fund as a unique product recall of this product is the only mutual fund shares are denominated in U.S. dollars Indonesia," said Lanny.
Since its launch on 14 September 2011, MGIF yield of 23.93 percent by the end of March 2012. This performance is much better than the criterion, namely JCI in U.S. dollars, 3.17 percent performing in the same period.
Currently, MAMI manages 17 mutual funds. In addition to six equity funds, where one of them is Greater Manulife Indonesia Fund, MAMI also manages six mutual funds fixed income, mutual funds 3 mixture, and two money market funds.
Senin, 21 Mei 2012
It's only debt to Close Budget Deficit
Director General of Debt Management Rahmat Waluyanto Ministry of Finance stated, a loan or debt when it's only for the financing or close the budget deficit in the state budget. This is in accordance with the laws of the State Budget (Budget).
Nominal debt is increasing, but judging by the ratio of debt to GDP, the debt ratio actually fell.
It was announced said Rahmat Kompas, Sunday (05/20/2012) evening, in Jakarta. Grace before being asked about criticism of members of the House Commission XI, Arief Budimanta, that the foreign debt rose more sharply it is not productive to the real economy of society, but to close the deficit or to financial services or for the debt itself.
"According to the State Budget Law, the increase in debt right now is only used to finance the budget deficit," he said.
However, Rahmat said, the increase in the amount of debt has been approved by the House because they have first discussed the mechanism of the state budget. "Nominal debt is increasing, but if we look at the ratio of debt to gross domestic product (GDP), the debt ratio we are actually getting down," said Rahmat.
According to Grace, within five years, the ratio of debt to GDP continued to decline. In 2007, the ratio of debt to GDP was 35.1 percent, but in March 2012, debt to GDP ratio had reached 23.9 percent.
"This means the ability of our state budget to pay the debt will be even greater than before. This is shown by the improvement in our rating in the eyes of the creditors and financial institutions," said Rahmat again.
Nominal debt is increasing, but judging by the ratio of debt to GDP, the debt ratio actually fell.
It was announced said Rahmat Kompas, Sunday (05/20/2012) evening, in Jakarta. Grace before being asked about criticism of members of the House Commission XI, Arief Budimanta, that the foreign debt rose more sharply it is not productive to the real economy of society, but to close the deficit or to financial services or for the debt itself.
"According to the State Budget Law, the increase in debt right now is only used to finance the budget deficit," he said.
However, Rahmat said, the increase in the amount of debt has been approved by the House because they have first discussed the mechanism of the state budget. "Nominal debt is increasing, but if we look at the ratio of debt to gross domestic product (GDP), the debt ratio we are actually getting down," said Rahmat.
According to Grace, within five years, the ratio of debt to GDP continued to decline. In 2007, the ratio of debt to GDP was 35.1 percent, but in March 2012, debt to GDP ratio had reached 23.9 percent.
"This means the ability of our state budget to pay the debt will be even greater than before. This is shown by the improvement in our rating in the eyes of the creditors and financial institutions," said Rahmat again.
Taxpayer Assessed Tax Receivables bleaching Kemkeu Inspector General
Minister of Finance issued regulations to control procedures for the removal of tax receivables and determination of the amount of tax that can be bleached. These rules set out in the Minister of Finance (PMK) No. 68 Year 2012, replaces the previous rule, the Minister of Finance (KMK) No. 565 of 2000.
Beleid signed by Finance Minister Agus Martowardojo on May 2 last mentioned, the government could eliminate seven types listed in taxes receivable, the first, Tax Collection Letter (STP), the Tax Underpayment Assessment Letter (SKPKB), the third Tax Underpayment Assessment Letter Additional (SKPKBT), fourth Notice of Tax Payable (SPPT).
Fifth, Tax Assessment Letter (SKP); sixth Additional Tax Assessment Letter (SKPT), the seventh correction Decree, the Decree of Objections, Appeals Judgment, and Judgment Revision, which causes the amount of tax payable increases.
Director General of Taxes Fuad Rachmany admitted not concerned with this rule. According to him, these rules aim to improve the accountability of the management of state finances. "In order for handling accounts receivable more accountable and to have good governance, as well as avoiding the possibility of counting," Fuad said last week.
Some of the criteria that taxpayers deserve a deletion of accounts receivable, among others, the taxpayer personally because the person or the person in the tax had passed away. Other criteria if the taxpayer can not be found to exist so that the tax collection expired.
As for corporate taxpayers, several criteria must be met in part because the taxpayer dissolved, liquidated or bankrupt. In addition, the right to collect taxes has expired.
Before calling for the elimination, head of tax office shall prepare a list of the proposed deletion of accounts receivable, and then forwarded to the heads of regional offices and the Directorate General of Taxation. Well, the Director General of Taxation will propose the elimination of the tax accounts to the Minister of Finance.
Furthermore, the Inspectorate General of the Ministry of Finance on the assignment of the Minister of Finance to review the proposed elimination of tax receivables are presented by the Director General of Taxation. Then, the Finance Minister issued a Decree of the Minister of Finance (KMK) on the abolition of taxes receivable.
Just for the record, until June 2011, total tax receivables of about Rp 72.3 trillion. Meanwhile, the amount of tax for five years expired alias uncollectible during the period was reached Rp 4.5 trillion. (Herlina Kartika Dewi
Beleid signed by Finance Minister Agus Martowardojo on May 2 last mentioned, the government could eliminate seven types listed in taxes receivable, the first, Tax Collection Letter (STP), the Tax Underpayment Assessment Letter (SKPKB), the third Tax Underpayment Assessment Letter Additional (SKPKBT), fourth Notice of Tax Payable (SPPT).
Fifth, Tax Assessment Letter (SKP); sixth Additional Tax Assessment Letter (SKPT), the seventh correction Decree, the Decree of Objections, Appeals Judgment, and Judgment Revision, which causes the amount of tax payable increases.
Director General of Taxes Fuad Rachmany admitted not concerned with this rule. According to him, these rules aim to improve the accountability of the management of state finances. "In order for handling accounts receivable more accountable and to have good governance, as well as avoiding the possibility of counting," Fuad said last week.
Some of the criteria that taxpayers deserve a deletion of accounts receivable, among others, the taxpayer personally because the person or the person in the tax had passed away. Other criteria if the taxpayer can not be found to exist so that the tax collection expired.
As for corporate taxpayers, several criteria must be met in part because the taxpayer dissolved, liquidated or bankrupt. In addition, the right to collect taxes has expired.
Before calling for the elimination, head of tax office shall prepare a list of the proposed deletion of accounts receivable, and then forwarded to the heads of regional offices and the Directorate General of Taxation. Well, the Director General of Taxation will propose the elimination of the tax accounts to the Minister of Finance.
Furthermore, the Inspectorate General of the Ministry of Finance on the assignment of the Minister of Finance to review the proposed elimination of tax receivables are presented by the Director General of Taxation. Then, the Finance Minister issued a Decree of the Minister of Finance (KMK) on the abolition of taxes receivable.
Just for the record, until June 2011, total tax receivables of about Rp 72.3 trillion. Meanwhile, the amount of tax for five years expired alias uncollectible during the period was reached Rp 4.5 trillion. (Herlina Kartika Dewi
Continues, the pressure against the yen
n today's trading dollars with the potential to move the consolidation trend. Such records of BNI analyst Treasury Unit in Jakarta, Monday (05/21/2012).
Greek shadow of uncertainty coupled with the fear of the market against the threat of spreading European debt problems indicated pressure on the rupiah will continue. Moreover, the volatility of the currency movements of commodities are still vulnerable and tend to favor the U.S. dollar as a safe-haven currency.
Nevertheless, optimism among market participants on the oversold condition that sheltering seed stocks rebound led to his chances of Composite Stock Price Index.
This too led to positive sentiment for the rupiah to survive.
On Wednesday (5/16/2012) last week, the exchange rate closed higher at the a level of Rp 9242 per U.S. dollar compared with the opening level which is at Rp 9265 per U.S. dollar. On that day, the rupiah moved in the range of Rp 9237 to Rp 9275 per U.S. dollar.
Spared from the weakening of the rupiah in-depth, even able to rise ahead of the weekend. It is suspected because of the U.S. dollar sell-off by Bank Indonesia.
Nevertheless, the threat of depreciation of the Greek state to respond to concerns that the Asian markets also hit by the rupiah had passed without a new psychological level beyond the position of Rp 9,300 per U.S. dollar's.
Greek shadow of uncertainty coupled with the fear of the market against the threat of spreading European debt problems indicated pressure on the rupiah will continue. Moreover, the volatility of the currency movements of commodities are still vulnerable and tend to favor the U.S. dollar as a safe-haven currency.
Nevertheless, optimism among market participants on the oversold condition that sheltering seed stocks rebound led to his chances of Composite Stock Price Index.
This too led to positive sentiment for the rupiah to survive.
On Wednesday (5/16/2012) last week, the exchange rate closed higher at the a level of Rp 9242 per U.S. dollar compared with the opening level which is at Rp 9265 per U.S. dollar. On that day, the rupiah moved in the range of Rp 9237 to Rp 9275 per U.S. dollar.
Spared from the weakening of the rupiah in-depth, even able to rise ahead of the weekend. It is suspected because of the U.S. dollar sell-off by Bank Indonesia.
Nevertheless, the threat of depreciation of the Greek state to respond to concerns that the Asian markets also hit by the rupiah had passed without a new psychological level beyond the position of Rp 9,300 per U.S. dollar's.
Before Soros Borong Gold Prices Fall In
High profile billionaire, George Soros again did the unexpected action. 82-year-old man adds to his portfolio in precious metals in the first quarter of 2012.
Through SPDR Gold Trust, Securities and Exchange Commission United States (U.S.) explained, gold investment portfolio Soros Fund Management LLC increased rapidly up to 273.96 percent. The details, in the last quarter of last year only 85 450 shares ownership Soros. But in the first quarter of this year's ownership to 319 550 shares.
Keep in mind, the first three months of this year, the price of the precious metal rose 6.7 percent. At that time, the market speculated that the U.S. central bank, The Federal Reserve will begin buying up bonds or third episode of quantitative easing.
"At that time, people were more optimistic about economic growth because there is a signal quantitative easing (QE3). Lot of liquidity flowing into riskier assets, including commodities and precious metals," commentator Michael Gayed, chief investment strategist, Pension Partners LLC New York.
Then what will happen to Soros investment? This strategy is intriguing, because starting from 30 March, gold prices have collapsed at least 8.1 percent and recorded the biggest decline since 2004. Greek political climate heats up to encourage investors busy buying up the U.S. dollar and switch from gold. That is, Soros bought gold before its price fell sharply.
"Conditions at the end of this week-end was different from what happened in the first quarter," said Gayed.
For the record, the SPDR Gold Trust, also known as SPDR Gold Shares is part of the exchange-traded funds (ETF) managed and traded by State Street Global Advisors. Underlying this is a gold transaction. (Dyah Megasari)
Through SPDR Gold Trust, Securities and Exchange Commission United States (U.S.) explained, gold investment portfolio Soros Fund Management LLC increased rapidly up to 273.96 percent. The details, in the last quarter of last year only 85 450 shares ownership Soros. But in the first quarter of this year's ownership to 319 550 shares.
Keep in mind, the first three months of this year, the price of the precious metal rose 6.7 percent. At that time, the market speculated that the U.S. central bank, The Federal Reserve will begin buying up bonds or third episode of quantitative easing.
"At that time, people were more optimistic about economic growth because there is a signal quantitative easing (QE3). Lot of liquidity flowing into riskier assets, including commodities and precious metals," commentator Michael Gayed, chief investment strategist, Pension Partners LLC New York.
Then what will happen to Soros investment? This strategy is intriguing, because starting from 30 March, gold prices have collapsed at least 8.1 percent and recorded the biggest decline since 2004. Greek political climate heats up to encourage investors busy buying up the U.S. dollar and switch from gold. That is, Soros bought gold before its price fell sharply.
"Conditions at the end of this week-end was different from what happened in the first quarter," said Gayed.
For the record, the SPDR Gold Trust, also known as SPDR Gold Shares is part of the exchange-traded funds (ETF) managed and traded by State Street Global Advisors. Underlying this is a gold transaction. (Dyah Megasari)
Banker: Make BI Rupiah Controlled Intervention
Director of Treasury, Financial Institution & Special Asset Management Bank Mandiri Royke Tumilaar optimistic that the condition of dollars in recent days to climb will not be directly bolted to the upper level of Rp 9,500 per U.S. dollar. This is because a convoy of Bank Indonesia (BI) on the market.
"BI will certainly try to stabilize by the intervention. Our strategy is to support the rupiah did not run fast to Rp 9,500. If rising, rising in stages," said Royke, Monday (05/21/2012). He estimates that the rupiah will be maintained in the range of Rp 9200-9300 for the United States dollar (U.S.).
Based on the middle rate of BI, the rupiah against the U.S. dollar continued pressure. On May 11, 2012, the rupiah was perched on the level of Rp 9180 per U.S. dollar. Rupiah weakened again on May 14, 2011 at the level of Rp 9220, Rp 9265 on May 15, 2012, and Rp 9280 on May 16, 2012. However, this afternoon, (21/05/2012) Bank middle rate of the rupiah strengthened slightly to indicate a level of Rp 9268.
Previously, BI Deputy Governor Hartadi A Sarwono rising value of the exchange rate due to global sentiment, particularly the European economy. Attenuation is also experienced by other currencies in the Asia region.
"What can we (BI) to do is do not let the rupiah weakened too quickly. Intervention remains we do with time and the right amount," said Hartadi. (Adiatmaputra Fajar Pratama)
"BI will certainly try to stabilize by the intervention. Our strategy is to support the rupiah did not run fast to Rp 9,500. If rising, rising in stages," said Royke, Monday (05/21/2012). He estimates that the rupiah will be maintained in the range of Rp 9200-9300 for the United States dollar (U.S.).
Based on the middle rate of BI, the rupiah against the U.S. dollar continued pressure. On May 11, 2012, the rupiah was perched on the level of Rp 9180 per U.S. dollar. Rupiah weakened again on May 14, 2011 at the level of Rp 9220, Rp 9265 on May 15, 2012, and Rp 9280 on May 16, 2012. However, this afternoon, (21/05/2012) Bank middle rate of the rupiah strengthened slightly to indicate a level of Rp 9268.
Previously, BI Deputy Governor Hartadi A Sarwono rising value of the exchange rate due to global sentiment, particularly the European economy. Attenuation is also experienced by other currencies in the Asia region.
"What can we (BI) to do is do not let the rupiah weakened too quickly. Intervention remains we do with time and the right amount," said Hartadi. (Adiatmaputra Fajar Pratama)
Although there is potential for strengthening JCI Limited
Composite Stock Price Index closed lower again in the middle of a short trade from the long holiday weekend. IHSG oversold conditions can make stronger, but weaker trend was seen from the strength of the external negative sentiment.
Panin Securities analyst, Purwoko Sartono, expressed a negative sentiment from China's economic slowdown and political conditions of Europe, especially Greece feared the crisis would make the recovery more protracted Europe. "We're looking for today's movement of the index will be influenced by the movement of our stock index during last week's holiday in addition to news from Europe," katas Purwoko in Jakarta, Monday (21/05/2012).
From the technical side, the JCI is already quite deep decline. Oversold conditions on a few leading stocks also opened a potential rebound in the stock index. "However we have not seen any bullish reversal signal. We projected the index moves mixed with a tendency to weaken in the range of 3930-4000 support-resistance," said Purwoko.
Almost all sectors of the stock in trade last Wednesday but declined misc-ind sector (+0.12 percent). As many as 41 stocks recorded gains, 200 stocks declined, 38 stocks unchanged and 122 shares are not traded at all.
Panin Securities analyst, Purwoko Sartono, expressed a negative sentiment from China's economic slowdown and political conditions of Europe, especially Greece feared the crisis would make the recovery more protracted Europe. "We're looking for today's movement of the index will be influenced by the movement of our stock index during last week's holiday in addition to news from Europe," katas Purwoko in Jakarta, Monday (21/05/2012).
From the technical side, the JCI is already quite deep decline. Oversold conditions on a few leading stocks also opened a potential rebound in the stock index. "However we have not seen any bullish reversal signal. We projected the index moves mixed with a tendency to weaken in the range of 3930-4000 support-resistance," said Purwoko.
Almost all sectors of the stock in trade last Wednesday but declined misc-ind sector (+0.12 percent). As many as 41 stocks recorded gains, 200 stocks declined, 38 stocks unchanged and 122 shares are not traded at all.
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