FLGS - Global Finance Report

The government’s lack of an appropriate strategy to manage the flow of funds into the country to revive the real sector.

So that the funds come from outside will only be hot money, where if the conditions in the volatile country such hot money could easily go to other countries.

“What we do not have what the risk to be money coming in we absorb adopt risk. We have a system enggak. we are stagnant, the DPK all get together in big banks, in exchange transactions, we are busy in the money market, “said Capital Market Observer, Yanwar Rizki, after the polemics Trijaya FM, in Warung Daun, Cikini, Jakarta, Saturday (30 / 1 / 2010).

He stated that the Government should be able to follow the example of several countries that dare to take advantage of the flow of hot money to run the real sector.

Dicontohkannya, China which has institutions that are tasked to find the hot money, but those funds will flow in the form of subsidies to certain sectors.

“In 2010, China had been doing the tightening of liquidity, but for agriculture and rural business subsidies provided by him. As driving by the government to lower interest rates as a cost factor. Country’s estimated production costs decline for the sector absorbs the largest kindergarten, “he said

Meanwhile, in European countries the government provides tax incentives for banks to give credit to the dominant sector and the government set also providing tax incentives for companies that reinvest into This real sector. It is the Government should do to manage the flow of hot money entering the order does not come easily.

“Just pick which one? we is not no nothing, just silence. There if the index rises, it strengthened the exchange rate falls, “he concluded.

: PT Wintermar, one of the ships off shore operators in Indonesia’s largest, did not participate in the tender for the procurement of ships offshore floating storage offloading (FSO) which opened ConocoPhilips and Camar Resources Canada.

Director of PT Layanto said Wintermar Sugiman perseroannya not submit a bid in two tenders had been opened at the beginning of last month. “This time we did not go to bid,” he told bisnis.com today.

He explained more concentrated perseroannya fleet off shore strengthen small scale in Indonesia are still needed in order to replace the ships of foreign flagged as type of anchor handling tug suplay (AHTS).

Because, he says, until this moment not a contractor contracts (KKKS) who still use foreign-flag ships. “Let the other operators began to enter the sector, these companies still focus on small-scale ship first.”

ConocoPhilips open tender for the procurement FSO vessel to replace the Diamond. Liberia’s fleet had been hired without having a clear time limit.

Artificial vessel weighing 178,604 DWT in 1968 was hired by ConocoPhilips to operate in the area waters Belida, Natuna, Riau Islands.

Camar Resources Canada open tender procurement prequalification FSO vessel at the beginning of last month to replace the fleet Ayu Maera contract expired in November 2009.

Ayu is Maera FSO fleet of 1975 made Indonesia operated by PT Trada Maritime, Tbk. Capacity of 37,187 DWT ship was chartered by Camar Resources Canada to be operated in the waters of Gull, North Sumatra.

Sugiman FSO explained that the tender was opened by two KKKS had been given the opportunity to cruise off shore companies to expand into the provision of large-scale transportation lease.

Indonesia will enter in the implementation of an integrated system of the ASEAN Single Window (ASW) along with six other ASEAN countries. Meanwhile, the ASW will be complete in 10 ASEAN countries in 2012.

“Target end 2010, six have joined ASEAN in ASW agreement,” said Chief Executive Susi Wiyono Technical Budiharso National Single Window (NSW), after the press conference launching the NSW system in Jakarta International Container Terminal (JICT), Tanjung Priok, Jakarta, yesterday.

The six countries are Indonesia, Malaysia, Thailand, Singapore, Philippines, and Brunei Darussalam. Meanwhile, four other Indochina countries will follow in 2012 namely Vietnam, Laos, Cambodia, and Myanmar.

In addition, four new countries will join later because it is still stuck in the legal aspects of each country. “Crossboarder barriers of data exchange,” he added.

Meanwhile, Chief Executive of the NSW Eddy Putra Irawady stated that in 2012 the government will have an independent agency to deal with the ASW. “The plan in 2012 we had a new institution for it (ASW), it is in conformity with our work plan,” he said.

As is known, was inaugurated yesterday in the five NSW ports and airports in Indonesia is carried out symbolically by President SBY. Later management of the implementation of import-export documents and customs will be done online, while the four ports will be open 24 hours a day service, seven days a week.

Efforts to United States government (U.S.) to rescue the financial system failed votes. Provided fresh funds for USD700 billion to fulfill important objectives, such as loans and restraint in the financial sector, triggering activity by a number of banking risk, said U.S. special auditor.

As quoted by AFP, Sunday (31/1/2010), the special inspector general for the Troubled Asset Relief Program (TARP) says in a report to Congress, the appraisal is considered too early to measure the overall success of the program in the financial sector, after the peak of financial crisis in October 2008 passed.

“There are signs that clearly the aspects of the financial system is far more stable than the peak of the crisis in the autumn of 2008,” he said.

But the report also states that there are many TARP stated goals unmet and potential new crises will happen again.
“The salvation of our financial system (AS) is predicted to return in 2008. There is no meaningful reforms, we are still driving as if on the winding mountain roads and the same place, but this time at a faster car,” said the report likens.

“Indirectly, its impact was already felt in regions particularly banks, such as increasing credit restraint and prevent home foreclosure risk behaviors that are considered too big for financial firms,” said the report from the inspector general Neil Barofsky.

“Even so, the explicit goal to increase financing in the U.S. business and consumers continued to decline,” he added.

PT Factory Paper Tjiwi Kimia Tbk (TKIM) argue if it has tax arrears. Previously, the Directorate General of Taxation expressed some large companies that still have the tax arrears in the House Commission XI meeting.

This was revealed by the Director-Corporate Secretary TKIM Agustian R Partawidjaja in information disclosure at the Indonesia Stock Exchange (IDX), Jakarta, Monday (1/2/2010).

“According to the results of review of tax documents from the company and kondirmasi the tax office (KPP) where the corporation is registered, the company has no tax arrears,” he said.

For your information, the Directorate General of Taxation will be updating the list of 100 names Delinquent taxes have been provided the data to the House Commission XI on Thursday, February 4 next.

This is done because it was a lot of taxpayer (WP) are included in the list had to meet his tax obligations, before the data as of January 1, 2010.

In addition, the system of information technology (IT) in the Directorate General of Taxes is not directly connected with the bank where the payment of taxes so that the data Delinquent taxes can not directly update.