Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

How to Increase Oil Production

How to Increase Oil Production. UI economist Faisal Basri convey, in order to optimize oil production activities (lifting), the government budget must not be held hostage to subsidize fuel oil (BBM).

That's because, the allocation has been disbursed subsidies can be diverted to enrich the exploration project, or build some infrastructure in the oil and gas (Oil and Gas)

In addition, he also emphasized that the mechanism needs to be maximized by applying investment incentives so that investors will be more interested.

"Subsidies should be reduced due to subsidies in 2012 alone was Rp240 trillion and revenues generated from oil Rp170 trillion. Been three year's deficit is falling sac sucked government budget," he said at the Parliament Complex, Jakarta, yesterday.

Faisal added that Indonesia should ensure new investments in the oil sector in order to boost the production of the energy sector in the future. However, this would need a policy regime that provides certainty of law, and fiscal beleid interesting.

"So the government should not mempajaki an exploration project but the production just is not there," he said.
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Want to Expand China Mobile Telecommunications Sector

Want to Expand China Mobile Telecommunications Sector. The Chinese government is currently considering a plan that would allow private companies to enter the mobile telecommunications sector.

As reported by the China Daily reported on Thursday (24/01/2013), Director of the Telecommunication Development Ministry of Industry and Information Technology (MIIT) Zhang Feng, said the ministry is reviewing public opinions and will amplify the plan based peninajuan done.

In early January, the MIIT create a pilot project to ensure that China's private companies can buy basic mobile telecommunications services from major carriers Bamboo Curtain country.

In addition, the MIIT also allow private companies to add their services, and market their services to consumers with their own brand.

Private companies do not need to build a mobile telecommunications infrastructure, but the company was only set up customer service systems and other supporting tissues as needed.

According to the ministry, the pilot project also aims to open up opportunities for private capital to enter the telecommunications industry, and to promote market competition and increasing of mobile telecommunications services. This plan has been published online on January 7th and public opinion will be opened on February 6.

As noted, China's mobile telecommunications sector is dominated by state-owned companies such as China Mobile, China Unicom, and China Telecom.
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Indonesia - Sudan Strengthen Economic Cooperation

Indonesia - Sudan Strengthen Economic Cooperation. In 2013, Indonesia will have a better economic relations with Sudan. Hope is not wishful thinking considering that since the year 2011, the Embassy in Khartoum continued to encourage increased trade ties Indonesia and Sudan, by organizing business visits to Indonesia.

As a result, it has happened many trade contacts and some trade cooperation agreements, such as glycerin into Sudan exports reached 5,000 tons. It was still not able to meet the domestic needs of Sudan.

Ambassador to Sudan Sujatmiko, in a press release on Thursday (24/01/2013), said that in 2012 some Indonesian businessmen have come to Sudan, including the KH Said Aqil Siradj as Chairman of NU who visited last October to sign the agreement Sudan tripartite cooperation-Indonesia-Malaysia in the field of animal husbandry.

He said, to promote Indonesian products in Sudan, this year it was the exhibition by presenting products such as sports shoes and balls, stationary products, snack foods, agricultural machinery, fertilizers and hybrid seeds. Sudanese society increasingly aware that Indonesia is very diverse product and quality.
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Gold Prices Down as IMF report

Gold Prices Down as IMF report. Decline in global economic growth forecast by the International Monetary Fund (IMF) impact to the price of gold.

The IMF lowered its growth forecast from 3.6 percent to 3.5 percent this year as the world economic situation is still unclear.

Gold for February fell 6.5, or 0.4 percent, to 1686.7 dollars, while gold in the spot market fell 4.6 dollars to 1687.75 dollars per ounce.

The first resistant level at 1697.8 U.S. dollars following the 1. 700 dollars, ssedangkan first support at 1683.1 U.S. dollars and below to 1675 dollars per ounce.

LLG gold prices also fell. LLG gold prices fell to the lowest 1683.9 U.S. dollars, and closed down 5.2 U.S. dollars in 1685.7 U.S. dollars. Range LLG normal yesterday at 11.25 U.S. dollars the highest in 1694, 95 U.S. dollars and the lowest 1683.7 U.S. dollars per ounce.

This morning, Thursday (01/24/2013), the gold price fell 1.35 LLG reopened in 1684 dollars, 35 dollars per ounce.
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Crude Oil Price Per Barrel 95 U.S. Dollars

Crude Oil Price Per Barrel 95 U.S. Dollars. At the opening of trading in electronic trading on the Sydney, Australia, Thursday (01/24/2013), the price of crude oil for March delivery rose 19 U.S. cents to 95.42 dollars per barrel.

At the close of trading yesterday, the price of crude oil fell 1.45 dollars to 95.23 dollars per barrel.

Price support level at 89.7 dollars and resistant at 99.5 dollars per barrel.

Brent prices in London rose 38 cents to U.S. $ 112.8 per barrel. Support at 110 dollars and resistant at 117 dollars per barrel.

Meanwhile, gas prices continue to soar. NYMEX gasoline prices in February rose 0.39 cents to 2.8338 dollars per gallon.

Retail gasoline prices also rose 0.6 cents to 3.316 dollars per gallon. Support at 2.669 U.S. dollars and resistant at 2.96 dollars per gallon.

Traders are now awaiting the latest weekly oil inventory report from the U.S. Department of Energy. Data will be published this week.
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December 19, 2012, in Jakarta Ration Premium Out

December 19, 2012, in Jakarta Ration Premium Out. Pertamina predicts the subsidized fuel quota set by the government would have sold before the end of the year. In fact, diesel and premium in Jakarta will expire at the end of this month.

Director of Marketing and Pertamina Hanung Budya explained, allotment or quota for Jakarta solar subsidies will run out on 30 November 2012. As for premium gasoline subsidies will expire on December 19, 2012.

"Quotas for fuel subsidy will expire on that date, especially Jakarta. But this is not the stock runs out, only a quota per province are exhausted," said Hanung during a press conference at the office of Pertamina

Hanung said Pertamina provide monthly rations every province in Indonesia to fuel subsidized or non-subsidized fuel. However, this year-end demand for the fuel subsidy continues to soar.

Actually, the government has set a quota of fuel rations until the end of the year as much as 44.04 million kiloliters (kl). Amounted to 43.88 million kl is the responsibility of Pertamina.

"We will continue to distribute subsidized fuels. Hopefully the pump is not empty before the quota runs out, all will be distributed," he added.

Pertamina itself was projected fuel quota until the end of the year amounted to 45.24 million kl. Because fuel ration or quota for the year amounted to 44.04 million kl is almost gone, Pertamina will face DPR to add fuel quota to be distributed to the public.

According to the Pertamina, the actual distribution of subsidized fuel to 24 November 2012 is a premium 25.1 million kl and diesel fuel 12.9 million kl. The total was 38.1 million kl. While the average daily distribution (normal) for a premium of approximately 80,000 kl per day of diesel and 42,900 kl per day.

To supplement their quotas have been exhausted by the end of November and mid-December, Pertamina will ask permission DPR add fuel subsidy quota of 1.227 million kl.

Counts Pertamina, the average price premium of Rp 9,000 per liter. However, government subsidies of Rp 4,500 per liter. With the additional quota of fuel subsidy, Pertamina plans to spend around Rp 6 trillion to buy fuel subsidy and will be required the approval of Parliament.
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Pertamina Lubricants Business'll Stand Alone

Pertamina Lubricants Business'll Stand Alone - PT Pertamina (Persero) plans to separate the (spin off) Lubricants Business Unit and most activities Shipping functions into a separate subsidiary as part of a strategic move the company into a World Class Energy Company.

Vice president of corporate communications, said Ali Mundakir separation plan is based on the goal to be more focused work on the potential and prospects of businesses owned by them in the future so it can contribute more strongly to Pertamina.

Under Law No. 40 of 2007 on Limited Liability Company, a subsidiary of the establishment can be done through the General Meeting of Shareholders to be held 30 days from the announcement of the formation of the plan.

"Plans separation (spin off) is in line with the company's long-term strategy. We hope they will make a positive contribution to the company to achieve the vision of becoming a World Class Energy Company, "said Ali

With this separation, Pertamina Lubricants are expected to continue to maintain a 60% share of the domestic market, a top 20 major oil companies in the world by 2015 with total sales volume of 700 thousand kiloliters.

Pertamina Lubricants portfolio of businesses is expected to increase to boost the development of global markets, and increased operational excellence with a more responsive and quick in decision making business challenges faced in the future.

Pertamina lubricants market share in the domestic market is the highest in the world, with an average sales growth of 10% per year, despite tight semakit business dynamics with the presence of over 210 players and 1,000 brands.

On the other hand, Pertamina exports continued to increase since it was first performed in 2007, Pertamina lubricant is now reaching 22 countries through a variety of brand lubricant.

"Looking ahead, through Pertamina Pertamina Lubricants are determined to continue to increase market penetration, both domestic and export through the products of middle-low lubricant or who has produced top tier companies," said Ali.

Pertamina Shipping

Meanwhile, the growing energy demand in the global and domestic markets, and the regulatory environment to support the growing cruise business, an important factor for the formation of Pertamina Shipping which will focus on developing the business of freight moving gas (LPG and LNG), FSO / FPSO, and oil medium-sized tanker up.

Shipping Pertamina will build a market in the global shipping sector with an initial target in the development of the internal market Pertamina and other subsidiaries, such as PT Pertamina Hulu Energy, PT Pertamina EP, Petral, and PT Pertamina Gas, etc..

World oil demand is likely to continue to increase an average of 3-5% per year driven by rising demand from countries of non-OECD countries, such as China and India. Indonesia is also ambitious to remain a leader production / export of gas and increase domestic gas utilization through infrastructure development, refineries and LNG terminals.

"Coupled with the implementation of the cabotage principle, presents a great opportunity for Indonesian domestic shipping. Pertamina Shipping will focus specifically capture these opportunities for business gas and oil tankers transporting medium to upper-class, "he concluded.
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Using Credit Cards Carefully

Using Credit Cards Carefully - Use of credit cards offer benefits. Payments are comfortable with discounts at restaurants and malls. But sometimes credit cards can cause problems.

Use credit cards must also be careful and cautious in using it. Financial Director Actuarial Consultation Plannger Joannes Widjajanto explained several things that observed in the use of credit cards.

First, customers must choose the right bank and provide low interest and provide a lot of discounts to meet the needs. Joannes said, the current credit card offers by the banks is so intense.

Customers do not ever apply for credit cards each have an offer from a particular bank. When someone owes on a credit card then the person will be 'chased' until the debt is paid off.

"Thorough and careful before have credit cards," said Joannes, when contacted by reporters recently. Secondly, taking into account the use of credit cards carefully. Joannes rate, some people think credit cards are "extra money", so they use it regardless of how they will pay for it.

Third, use credit cards wisely according to income. Joannes said, with a credit card controls in general, people buy things too, so that not a few people can meet the bills of credit from banks. "Generally, in debt we must be careful, so when we owe on credit cards.
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Insurance Rp10.000, People's Health Guaranteed

Chairman of the Indonesian Doctors Association (IDI) Center, Fachmi Idris said, only by paying the insurance Rp10 thousand per person per year, the Indonesian people's health could be guaranteed.

With Rp 10 thousand per year is likely the nation's health and Indonesia had secured the guarantee is expected not only to the poor but all the people of Indonesia, he said, on the sidelines of the implementation of the IDI Congress 27 in Palembang, last Thursday.

According to him, not just the people who will feel the convenience of health services physicians but income was higher when performed with pre-paid system.

"Because the system of prepaid health care is the doctor able to obtain greater revenue from the current," he added.

He said the revolution of integrated health systems is essential to support optimal health. Health services not only to treatment but that disease prevention efforts by implementing healthy living and clean environment, he said.

He explains, by preventive measures that it believed the income will remain high doctor because they are paid not only for treatment but also serve in prevention efforts.

Fewer people are seeing a doctor achievement for Indonesia is not the opposite is happening now, he said. Fachmi added, to realize these programs require funds of Rp26, 6 trillion, so they can serve the health of the soul as much as 250 million people of Indonesia.

While current funding for the program for free medical treatment for poor people to reach Rp26, 6 trillion, he added, too. With insurance, people do have to pay insurance premiums on a regular basis, but if a problem occurs when the health, the medical expenses will be borne.

This concept is very common in foreign countries like America and developed countries in Europe so that the population's health is guaranteed.
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Need for Insurance Education for the Children

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But if you have the assurance the future for your baby, the cost of education by preparing for your baby, who would deliver and realize her dream.

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Finance Can Cut Taxes of Criminal Investigation

Finance ministers can stop the investigation of criminal offenses for the benefit of tax revenues. This is stipulated in the Regulation of the Minister of Finance (PMK) No. 130/PMK.03/2009 which entered into force on August 18, 2009.
As reported by the Treasury website, Jakarta, Friday (4/9/2009), the legislation stipulated that the interest of the state revenue, the attorney general, at the request of finance ministers, could stop the investigation at the latest within six months from the date of demand letter.Termination of this investigation can only be done after the taxpayer (WP) who do not pay taxes or not paid or that should not be returned and the administrative sanction to pay a fine of four times the taxes that are not or less paid or should not be returned.

Termination of the investigation procedure is to make a written request to the finance minister with copies of tax general director with a statement containing the confession of guilt and ability to pay taxes and the sanction.Then the finance minister will ask the Director General to examine the tax and give opinions for consideration. If finance ministers approve the application then the finance minister will submit a letter of request for termination of the investigation to the Attorney General.

Furthermore if the request is approved and after the tax payers pay their obligations fulfilled, it will be issued Assessment Letter Termination of Investigation by the Attorney General at the latest within six months after the date of the letter request the finance minister.
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Oxfam Press G20 Financial Transaction Tax Problem

British charity Oxfam joined calls for the G20 to implement a tax on global financial transactions Friday, saying it could increase to 50 billion dollars to help the poor.
In a paper published in connection with the gathering of G20 finance ministers for a meeting in London, Oxfam says, retribution, also known as the Tobin tax, is one of several actions that can be drawn from measures to reduce poverty will not hit taxpayers .
Other reforms include tax-free cash bailouts and reallocate the International Monetary Fund (IMF) which can collect a total of 280 billion U.S. dollars, said Oxfam.

"Rich countries are spending 18 trillion dollar bailout (bail out) the bank should not be allowed to tighten the budget because the reasons people fail to help the poor, especially when there are alternative sources of funding are available that will dibiaya them little or not at all," said a senior policy adviser Max Lawson.

Head regulator Financial Services Authority (FSA) UK Adair Turner caused controversy last month when he asked for a tax on financial transactions to curb the sector, which he described as "swollen".

A Tobin tax is a small tax on foreign exchange transactions, initially proposed by American economist James Tobin in the 1970s to prevent speculative trading
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