Archive for the ‘economy’ Category
Ahead of Ramadan and Idul Fitri BCA Prepare Fund USD 10 Trillion
Entering the holy month of Ramadan and Idul Fitri celebration, banking circles joined busy preparing cash to meet customer needs.
The largest asset of private bank in the country namely Bank BCA has prepared the availability of cash funds amounting to Rp 10 trillion to meet customer needs, customers are faced with two big moments.
BCA provide USD 8 trillion over the next two weeks of Ramadan and Lebaran we add USD $ 2 trillion.
Last year the BCA will only provide cash funds of around Rp 6 trillion to Rp 8 trillion alone. The increase in funds provided for this year to anticipate spikes in demand cash customers. ATM services can be accessed in order to stand by the customers.
As for opening a branch office or work unit during Lebaran leave still not been decided whether or not to.
Property Sales Ahead of Ramadan
Property in East Java consumer product purchase property held as an attempt to focus the budget for spending their funds ahead of Ramadan and Idul Fitri 1431 H. In this month, the majority of religious consumers prefer to indulge his extended family rather than buying a home. Generally, they tend to buy lots of materials to meet the basic needs of all needs. But the purchase of property that caught the property market is only valid for the middle to lower. Upper middle class had no effect. Whenever a secondary market for the product takes the property they are ready to buy it. In fact, sometimes the market is rarely seen home values essentially suitable scale according to taste and buy direct. let alone coming in December, the purchase of the property market will increase among middle-top. Moment transition years often become secondary market options for a vacation with his beloved family instead of buying property products.
Related sales per semester in 2010, we recorded approximately 1990 housing units valued at Rp140 billion transactions. In fact, the same number of sales valued at Rp140 billion was recorded during the year 2009 with 100 units of housing. Sales increased significantly this year than last year.
Sales target of housing units to 250 units for occupancy costs between Rp700 to Rp1 million per unit, 6 billion per unit, compared with an initial target of only 200 units. Change the target given the improving interest in the property market in 2010.
World Investment Restored in 2011
United Nations estimates that the flow of Foreign Direct Investment (FDI), the world will be stable this year and increase in 2011-2012 because of the merger (the merger) across borders by multinationals are lifted by the growing business confidence.
FDI, where many developing countries rely to finance their economy, will increase to 1.3 to 1.5 trillion U.S. dollars in 2011 and 1.6 to 2.0 trillion dollars in 2012 from 1.2 dollars this year.
According to World Investment Report, FDI inflows fell 37 percent to 1.11 trillion dollars in 2009 after falling 16 percent in 2008 and reached its peak in 2007 with a value of 2.1 trillion dollars. In the first quarter of this year, FDI outflows of about 20 percent higher than the previous year.
After a free fall, the recovery is shy and does not flatten toward the road, thanks to a better corporate profits and improving economic and financial conditions. FDI growth prospects are still full of risks and uncertainties, including the fragile recovery. FDI refers to long-term investments, like shares in foreign companies or building factories for the subsidiary, in contrast to the fragile financial investment.
Trust multinational
FDI recovery will occur primarily through the proliferation of mergers and acquisitions where cross-border restructuring and privatization saved the company from the crisis, while offering the opportunity.
Willingness of multinational companies expand their business abroad looks stronger for 2011 and 2012 than in 2010, with business confidence continues to benefit from improved economic conditions, corporate profits, and stock market valuations are seen in this year. The report noted the growing role of emerging economies, both as source and destination for FDI.
China and Russia are the largest source of FDI sixth and seventh in the year 2009 with an investment of each of 48 billion dollars and 46 billion dollars, up from ninth and eighth position in 2008. China and other Asian countries become a source of FDI in Africa and other underdeveloped countries with FDI remains the main source of overall investment in the economy.
When the United States survive into the largest destination of FDI, China rose to second place in the year 2009 from the third in 2008. Decline of investment in manufacturing to services has recently driven by the need for labor intensive projects – and the main sectors such as mining and energy, which benefited from rising commodity prices can not be reversed.
In cross-border corporate actions, the value of manufacturing investment fell 77 percent in 2009, while the primary sector and a contraction claimed services each 47 percent and 57 percent. Although mergers and acquisitions of financial services sector declined by 87 percent. Agreement cross-border merger and acquisition fell 34 percent in 2009, or 65 percent of its value, while the construction of new manufacturing facilities by multinational companies fell only 15 percent. Merger and acquisition this year seems to recover more quickly than building a new manufacturing facility.
Internationalization of production continues to grow, with the value added of foreign-affiliated companies in a multinational company to shrink slightly in the last two years than the overall economy. That makes share of multinational companies listed on the world economy reached 11 percent, employ 80 million people.
Foreign direct investment by private equity funds fell by 65 percent in 2009, but flows from the sovereign wealth funds increased by 15 percent. Efforts to encourage the entry of investments while regulating them thoroughly in the midst of the crisis became a challenge to the government.