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Capital of the Insurance in Indonesia Barely Adequate

July 24, 2008 By

Chairman of BAPEPAM-LK Ahmad Fuad Rachmany said, capital of the insurance company in Indonesia at this time was very barely adequate (limited) so as always more uncompetitive with the foreign insurance company. “Until now our insurance company the capital was” barely adequate”, therefore always more uncompetitive by the foreign insurance,” said Fuad Rahmany in the socialization of regulations of BAPEPAM-LK about the funding company in the Dhanapala Building of Jakarta (Department of Finance Republic of Indonesia), on Thursday (24/7).

Responded to the existence of the objection about the minimal capital rule for the insurance company, Fuad said, the government made the rule precisely push the growth of the insurance industry. “The insurance must have strong capital so that he could grow, would until now our insurance company the capital was barely adequate, therefore he always more uncompetitive by the foreign insurance,” he stressed. BAPEPAM-LK maintained minimal capital of the end insurance company 2008 as big as Rp40 billion, in 2009 minimal Rp75 billion, and in 2010 minimal Rp100 billion.
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Filed Under: Insurance News Tagged With: ,

The businessman asked Tips the Electricity Saving

July 12, 2008 By
shopping-mall

Electricity saving that was speeded up by the government must be accompanied by giving of the suggestion or tips to the community and the businessmen. The Association of the Indonesian Businessman (APINDO) considered, the efforts must be carried out with only did not carry out the appeal only. “I hope for with really to have sides that gave tips-tips saving, for example to be made in website,” said Chairman Association of the Indonesian Businessman (APINDO) Djimanto, in Jakarta, on Saturday (12/7/2008).

He also ask for, for the fellow businessman to apply the principle of the solidarity in undertaking electricity saving. “For example the businessman mall, if want to off the light decorated then the other businessman also off the light decorates. Do not want to have the difference with the other businessman because of could cause discrimination he said. So, the owners of capital must also sit together to compare the perception concerning the commitment. “We could look for the solution by compiling the A plan, B, and C,” said him.

Filed Under: Business News Tagged With: , ,

IHSG on this week moving to variatif

July 12, 2008 By

The share market on Friday (11/7/2008) was estimated moving variant. This was caused by the market concern about inflation was still high, and was affected also by the fluctuation in the price of the commodity. The “market sentiment still mix, none was really strong and inflation was still worrying.” This that made the market uncertain, said the observer of the money market of Felix Sindhunata when being contacted, in Jakarta. In the trade on Thursday (10/7/2008) the price index of the share of the combination (IHSG) was closed to the position 2,276.23 weakened 9.8 points or 0.43 percent.

The existence of the weakening was of nine points triggered by the sector of the mining that was not yet seen by his movement. Along with the prediction from the three securities:

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Filed Under: Finance News Tagged With: , ,

The bank chose to assemble the cheap fund

July 12, 2008 By

The national banking industry more chose to assemble the third party’s fund through the cheap fund. Savings and dominated savings compared with the promising fixed deposit the flower were higher. This policy became the strategic step in appearing the potential for inflation that continued high. Banking statistics that were published by the Indonesian Bank (BI) per April 2008 showed that savings recorded the highest rise of 28.3 percent of Rp 383,303 trillion to Rp 434,105 trillion.

In April 2007 savings that succeeded in being gathered by most was dominated by currency rupiah as big as Rp 334,133 trillion and in the form of foreign currency (foreign currency) as big as Rp 4,170 trillion. This condition continued until April 2008 where savings in the form of rupiah still dominated as big as Rp 423,827 trillion and the rest of them in the form of foreign currency as big as Rp 10,278 trillion. Besides this, also experienced the increase after savings of 12 percent of Rp 338,424 trillion to Rp378,087 trillion. In April 2007, the collection gyro was dominated by currency rupiah as big as Rp 245,802 trillion and the rest of them in the form of foreign currency as big as Rp 92,622 trillion.

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Filed Under: Banking News Tagged With: , ,

Standard of Regulation for Offer Tender in Indonesia

July 11, 2008 By

Finally, the standard rule the tender offer that was waited for the market went out also. Beforehand, has had two rules that were dismissed the Supervisory of Board the Money Market and the Financial Agency (BAPEPAM-LK), and one of them the finishing of the number Regulation IX.H.1. This rule, according to the Head of BAPEPAM-LK Fuad Rahmany in information was written that was received okezone in Jakarta on Tuesday (1/7/2008), was formed the background by efforts to increase the liquidity of the market permanently gave the opportunity to the money market investors to continue to have the share of the company was open although the takeover against the company happening was open.

The number regulation IX.H.1 in part contained:
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Filed Under: Regulation and Rule Tagged With: , ,