PAJARO LAND

Archive for July, 2009

Finance Minister Sri Mulyani Indrawati said foreign investors will be increasingly attracted to Indonesia because of political stability and continuation of government programs that long.Investors will be easier to enter because already familiar to Indonesian rule. ”Because it is relatively well known, the government hopes that more experienced and could be more appropriate as the attraction of investors,” said Sri Mulyani when found in office in Jakarta. According to him, many overseas investors who are seeking new and attractive place for investment. Indonesia as said by many institutions of the world, is one place an attractive investment because Indonesia’s economic growth remained positive in the midst of crisis conditions.

“Indonesia is only a fraction of countries with good and positive growth,” he said. Sri Mulyani is optimistic, the influx of capital into Indonesia can provide positive sentiment. The impact of the entry of investments will be reflected in better economic growth. ”If the economy in 2009 is now dry, because of the worsening world economic conditions. But in the future, will be more positive,” he said. According to Treasury data, foreign portfolio investment for the first semester of 2009 is estimated to minus U.S. $ 1.178 billion, a decrease compared to same period in 2008 to minus U.S. $ 288 million. However, foreign portfolio investment in the second semester of 2009 is estimated at U.S. $ 420 million, an increase over the same period in 2008 to minus U.S. $ 1.309 billion. Meanwhile, for foreign direct investment (Foreign Direct Investment / FDI) in first half of 2009 is estimated at U.S. $ 4.549 billion, up from the same period in 2008 which amounted to U.S. $ 3.5 billion. However for the second semester of 2009 amounted to U.S. FDI is expected to decrease from $ 1.704 billion the same period in 2008 which amounted to U.S. $ 4.419 billion.

Volvo owners, has conducted a recall of 8500 cars ‘green’ or environmentally friendly in the world, especially in Sweden, because it has a problem with the fuel pump. A company spokesman, Stefan Elfstorm, in Goteborg, said the withdrawal of the cars made to the Volvo V70 and S80 series production in 2008 and 2009.

“The reason for the withdrawal of these cars were developed in connection with the issue of fuel pumps at high temperatures can cause the engine to the vehicle,” said Elfstorm. Approximately 95% of cars have been fitted with a half gallon (2 liters) of fuel flexibility in Sweden have been sold out. Elfstrom says the rest have been sold in 15 other European countries, including Ireland, Germany, Netherlands, Norway, and Switzerland

China’s car manufacturers, BAIC, has proposed taking a majority stake in Opel, GM’s European subsidiary, with a bid worth 660 million euros. BAIC bid for Opel, a unit of GM-based company
in Germany on Thursday last, just before the deadline the last bid
Beijing Automotive Industry Corp. (BAIC) said the value of its offer for 660 million euros (920 million U.S. dollars).

German newspaper Frankfurter Allgemeine Zeitung reported that
BAIC has sent a letter to several members of the German government proposed to take 51 percent stake in Opel with 2.64 billion euros in state guarantees. In his letter, Xu Heyi BAIC leader promised “no Opel factory in Germany which will be closed,” so that the reduction of workers will not be done, the paper said. Russian state-owned bank, Sberbank, is also bidding with partners, the Canadian automotive parts manufacturer, Magna International. The German government in May announced a rescue plan
for Opel which 35 percent of the company’s shares will be given to
Sberbank and 20 percent to the Magna, but the conversation stalled.

The value of coffee exports in Indonesia in 2009 is estimated to decrease up to 40% when compared with last year. Executive Secretary of the Association of Indonesian Coffee Exporters (AICE) Rachim Kartabrata, said in 2008 the value of coffee exports reached U.S. $ 900 million. But now to around U.S. $ 630 million. He explained that the falling value of Indonesian coffee exports this year due to financial crisis the world and has made Indonesian coffee prices in international markets plummeted. ”Coffee prices tumbled since October 1, 2008 and the current price of robusta coffee fell from U.S. $ 2.2 to U.S. $ 1.1 per kilogram (kg). For this type of arabica fell from U.S. $ 2.8 to U.S. $ 2.3,” he said.

Rachmin said the decline in coffee prices due to bad weather in coffee-producing area center, so the quality of coffee production from the area tend to fall. In addition, the decline in prices was influenced by three factors, among other fundamental factors are the physical conditions of coffee beans are offered, namely the market sentiment factors yields decreased as a result of disaster or bad weather, and the factor of two terminals in London and New York because the players commodity exchanges in the international market. Meanwhile, the volume of coffee production this year also decreased in comparison to the previous year. ”In 2008 the volume of coffee in Indonesia reached 420,000 tons, is now the year 2009 fell 20 percent to 350,000 tons with 80% coffee robusta and arabica coffee rest,” he said.

Toyota Motors recorded a drop in U.S. sales in June amounted to 35 percent who made the first half of 2009 sales decreased 38% to 770,449 units. Japanese car maker industry, said it saw increased sales in the second quarter with a 11.2% higher than the first quarter of 2009 on the position of 410,777 units of vehicles. Toyota Division recorded sales of 131,654 units in June, down 36% compared to June last year.While the Lexus luxury division showed a decline in sales by 20% to 16,874 unit. Total sales in June as many as 114,780 units.

Approximately 50% purchase of cell phones last year to quarter 1 2009 was conducted by installments. Trend was expected to last until the end of the year. According to the Operations Director of Global Teleshop Andreas Thamrin, on the sidelines of the launch of the design of new outlets, in Jakarta, “The installments of about 50% of the total purchases made by credit card. I think the future trend could be even greater.Especially if the crisis is more severe than the situation in 2008. ”

Global Teleshop is a corporate brand from PT Cipta Perkasa Multi Enterprises (CMUP) which is engaged in distribution and marketing of cellular products in Indonesia. CMUP is a distributor of Motorola and Authorized Dealer Group, namely Telkom Telkomsel and Telkom Flexi. Last year, the Global Teleshop reported sales of up to Rp700-Rp800 billion and targeted to rise this year to Rp900 billion-Rp1 trillion. “Based on our observations, the financial crisis in 2008 showed strange symptoms. It was the demand among dealers dropped but instead consistent retail demand,” he said.

Australian airline, Qantas, on Friday (26 / 6) states to cancel the purchase of 15 Boeing 787 Dreamliners worth U.S. $ 3 billion. Qantas reason given is because the company had to adjust the various expenditures in accordance with current global economic situation. In a statement, Qantas said it has decided to cancel the purchase of 15 units of Boeing 787-9s (Dreamliner), which is scheduled to begin shipping in 2014 until 2015 the next. Thus Qantas orders Boeing 787-9s to now only 50 units tersia from 65 units in the initial order.

President Director of Qantas, Alan Joyce said that the cancellation was not due to and influenced by the decline of Boeing’s first test flight this week’s series because of the design. Boeing Parties to the present have been recorded five times a postponement inaugural test flight Boeing 787-9s, the largest aircraft in the world, citing the plane improvement of the structure. ”Qantas has ordered Boeing 787 state-9s in December 2005. But after that, operating airlines in the world was changed dramatically according to the conditions in the field,” said Alan. Earlier, Qantas and Boeing signed an agreement to delay delivery of the aircraft for four years.But not inevitable that the present order is canceled by Qantas. ”The resignation earlier order was sad, but we remained on our commitment to using the right aircraft for the planned expansion in the future,” said Alan. Qantas belt tightening can also be seen from the plan flung the airline employee layoffs Kangaroo country of origin until 1750 people in the future.