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Sabtu, 26 Mei 2012

Iran Push Oil Prices Up

The price of crude oil rising from the position of the lowest in seven months following a difference of opinion among a number of countries in a meeting with negotiators Iran nuclear project in Baghdad. Iran is OPEC's second largest oil producer after Saudi Arabia.
West Texas Intermediate oil price for July delivery rose 76 cents to 90,66 US dollars per barrel on the New York Mercantile Exchange, Thursday (24/5/2012) local time. While the price of Brent crude for July setting up 99 cents, or 0.9 per cent to 106,55 US dollars per barrel on the ICE Futures Europe exchange in London.
A number of countries consisting of China, France, Germany, Russia, United Kingdom, and the United States are negotiating with Iran regarding its nuclear project. Head of Eu foreign policy, Catherine Ashton, says, the negotiations continue to thrive even though there are a number of barriers that hinder.
Those countries trying to press Iran to stop processing uranium in its nuclear project. Catherine also said Iran presents a five-point plan and are willing to discuss the production of uraniumnya which upgraded to the level of 20 per cent. However, Iran has not so far unwilling to promise that its nuclear project is not a dangerous project. "
Iran's tactic is to make as if they want to speak but no something real there, "call Kyle Cooper, Director of research Commodities IAF Advisors in Houston, Thursday local time. Kyle mentions, it is more to the discussion but it's better than nothing.

Rated Low, PARLIAMENT Requested The Tax Ratio Rose

The Government is constantly working to boost State revenues from tax and non-tax sector. Even so, the House of representatives (DPR) considers the ratio of tax revenue to gross domestic product (GDP) aka the tax ratio was still low. Hence, the next year the HOUSE asked the Government boost revenues of the sector taxation of natural resources so that the tax ratio can be increased up to 16 percent.
Request this HOUSE's views appear in the faction-faction in the House of the early introduction of budget income and Expenditure Framework (REVISED) 2013. All factions agree to a proposed Government assumption of macro. Several faction raise Government requested the tax ratio is judged still low.
A spokesman for the faction the National Awakening Party (PKB) reveals a Chalim Chusnunia, macroeconomic projections presented the Government is still moderate. From the side of the reception country, the Government is projecting up about 12 percent dominated by revenues from the sector taxation.
Even so, the Chusnunia rate, during this time, the tax ratio figures Indonesia is still not optimal. Hence, "PKB Faction pushed the Government to raise the tax ratio to around 14%-16% next year," he said in the plenary of PARLIAMENT RI, Thursday (24/5/2012).
His opinion, to increase the ratio of tax administrations should optimize the reception not the tax (PNBP) especially from natural resources (SDA), STATE-OWNED ENTERPRISES and other dividend PNBP.
A spokesman for the faction Generra Aware, Inc. also agreed with the proposal that the Government is constantly working to do optimization of State income. "Optimisation of Policies should be aligned with the State income tax rateincrease," he said.
Golkar Faction spokesman Edison Retraubun added, during this national tax rate is still very low, in the range of 12 per cent of GDP. Well, to increase the share of the Government must fix the tax system and apply the tax billing systems improved. So there's not much tax disputes.
Optimism can be achieved
Responding to this demand increase in tax ratio, Finance Minister Agus Martowardojo admitted it during this tax ratio is indeed still in the range of national 12 percent. But, this figure does not take into account tax areas and natural resource tax (SDA). "If the local tax and taxes natural resources incorporated, a tax ratio can reach 16 percent," he said.
Agus claim, the tax authorities have been working hard to improve reception. This is visible from the growth in taxation revenue was up 20 percent per year. Just because the GDP also continue to increase the share of the tax to GDP ratio we still continue to persist in the range of 12 percent.
To achieve an increase in the ratio of tax to include two elements of the tax, according to Agus there needs to be a revision of the tax laws. In addition, the Government should also improve the system of calculation. The article, "on individual tax for example, there are still many regulations too favourable for taxpayers, but less profitable for the State," said Agus without detailing which rules that benefit taxpayers.
Head of Agency fiscal policy Ministry of finance Bambang Brodjonegoro added, if take into account tax areas and SDA, current tax ratio reached 15 percent. "If it was encouraged from the SDA, the ratio of taxes could rise again and laboured can 16 percent," he said.

Minister Of Finance: Stock Maximum Authorities Of BI

The policy problem kepelimikan the maximum stake is bank Indonesia Banking authority. Ministry of finance during the process are invited to consult the discussion continues.
So said Finance Minister Agus Martowardojo DW, answering questions of journalists in Jakarta, Thursday (24/5/2012).
"We from time to time invited to consult, and in general we support fully what was planned to be BI. That's the goal for prudence, and to ensure that our systems are increasingly respond the era of globalization, "said Agus.
A question of how big a stake out, Agus continue, it is fully the authority of BI. Principle, to the owner of a bank that is in an increasingly regulated sectors, will be given a greater chance than non-owners in a regulated sector.
"I see it, this is something good. Because, for example, if the bank industry was owned financial institution, a financial institution that's been quite clearly regulated. That is, they are given the opportunity to have a bigger one. While not a smaller financial institutions. The amount how we submit it, of course, at the policy of BI, "added Agus.

Senin, 21 Mei 2012

Stanchart Mutual Fund Shares Selling U.S. Dollar MAMI

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.

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.

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