Posts Tagged ‘Credit’
Cell Phones Buying half, is paid with credit / financing
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.
Slow credit from bank, strangling Chemical Industry
Financial factors such as difficulty of getting bank credit disbursement is one obstacle to developing the chemical industry sector in 2009.
“The chemical industry has the potential to grow really big. Only faces several obstacles. One of them is the financial factor,” said Amir Sambodo industrialists in the event of chemical industry outlook breakfast meeting after legislative election 2009. Amir revealed that financial constraints occur because most of the banking sector is still reluctant to provide loans to this sector. ”Many banks do not want to support the chemical sector. They are afraid of these sectors will be dropped as is the case with the textile industry,” he said.
“Needs a major domestic industry makes this a very real potential to grow big,” said Amir. To deal with these constraints, he argues, is needed from government interference. Intervention can be done in terms of providing the guarantee on bank that provides credit to the chemical industry.
