Government absorption retail demand Sukuk

The government will absorb all the demand Sukuk retail entrance to the close of this year the deficit widen so 2.6%.

The Director General of the State Syariah Siamat Dahlan said this far Sukuk retail demand has exceeded the incoming target is indicative of the 13 agents of the seller Rp1, 7 triliun.Diperkirakan until the end of the bidding on February 20 will be the greater demand.

"The result is extraordinary, beyond the estimated Rp1, 7 triliiun. The clear over subscribe. Up-size [increased] continue [indicative targets] from the seller agents. It is 2-3 times upsize," he said on the sidelines of the socialization Sukuk retail today.

Use all types of Sukuk issuance this year, go Dahlan, in addition to the Ministry of Finance assets worth Rp13, 8 trillion, the government also ask the House for permission to use land and buildings Gelora Bung Karno as the underlying asset Sukuk issuance this year.

"Value Gelora Bung Karno based assessment DJKN (Directorate General of State Property) around Rp50 trillion, but after verified by considering the aspects of law and sharia We will only ask for parliament approval Rp21 trillion."

More Dahlan, said the government will not impose too global Sukuk to publish because there is still a standby loan facility can be drawn to finance the deficit.

source: http://web.bisnis.com


India to predict the economy slowed

India's economy is estimated to grow with the pace at least since 2004 in the quarter ago due to a global recession cut export for the first time in 7 years.

According to the median estimate of 21 analysts Bloomberg surveyed, economic expansion to reach 6.1% in the three months to 31 December of the previous year. In fact, in the third quarter with the country the third largest economy in Asia is growing 7.6%. Figures from the official statistics bureau would be out today.

Authorities in a number of Asian countries cut interest rates and spend more in line with the budget memburuknya financial crisis since World War II. Conditions that strike the export and consumer demand menggerus. Governor of Reserve Bank of India Duvvuri Subbarao, who has cut interest rates to lowest level since October, there are intimate spaces for a decrease in interest rates.

"India the growth momentum melonggar and the decision makers should support the economy. Central bank must provide liquidity and lower interest rates," said Sherman Chan, economist Moody's Economy.com, in Sydney.

Reserve Bank of India to respond to global economic development with the terpuruk Repo interest rate cut of 3.5% points to be 5.5% and backup Repo into 4% of 6%. Central banks also reduce cash reserve ratio to be 5% of 9%.

To support from the fiscal side, Prime Minister Manmohan Singh cut taxes and increase the budget for infrastructure, roads, ports, and other. The task of the conduct of the Finance Minister Pranab Mukherjee this weekend reduce excise duty to 8% from 10% and service tax to 10% of 12%.

Stimulus combination of a decrease in interest rates, increased government budget, and low taxes, the total reached U.S. $ 80 billion or 7% of the GDP of India. Meksi so, still haunt the fiscal budget deficit estimated to be the most 6% of GDP at the end of the fiscal year March 31 target of 2.5%.

On 24 February, Standard & Poor's credit rating will be cut into junk when the government debt level is not reached. S & P rating outlook also reduce India to be stable from negative.

Stocks Rise BUMI Rp800

RATES shares of PT Bumi Resources Tbk (BUMI) Rp800 increase in trading yesterday (19 / 2). Due dibelinya 81,801,000 or 0.42 percent BUMI shares worth Rp61, 569 billion by PT CLSA Indonesia.


BUMI value of transactions reached Rp430, 75 billion or about 31.29 percent of the total transaction value of Indonesia Stock Exchange (BEI) Rp1, 376 trillion. CLSA (KZ) intercede with the biggest purchase of an entire lot of 163,602 transactions worth 847 times Rp 61,569 billion. Purchases made without accompanied this action at all on selling shares BUMI.


Occupied the second position of PT Sinarmas Sekuritas a lot to do with the purchase of 93,697 transactions a frequency 796 times the average price of Rp786, 27 per share. But this purchase, accompanied by the action of selling 64,409 lot, the frequency of 345 times in the average price of Rp786, 12 per share.


BUMI lot sold 1,120,211, or 560,105,500 shares (2.88 percent) with the frequency of transactions worth Rp430, 75 billion.


With control of the JCI BUMI yesterday, BUMI Rp60 price increase (8.1 percent) to the level of Rp800, successfully holding fall to JCI closed at 1323.696-level, down 6,914 points (0.51 percent) at yesterday's closing level 1330.610 .
JCI lowest point in the level of 1313.725. Although closed down, but the increase in transaction volume and value due to the purchase of CLSA BUMI masif on the trading session II, holding the rate reduction JCI.


Vodafone & Hutchison mergers in Australia

Vodafone and Hutchison Whampoa announces plan to unite their business in Australia to become a mobile operator. Each company, as quoted from the site Cellular-News, will have a 50% share of the company's merger called Vodafone Hutchison Australia (VHA).

VHA will operate a cellular network that serves 95% of Australia's total area. Some 63% of them are third-generation networking technology. Along with the additional network digelarnya, akses3G VHA target increased to 95%.

Merger process is completed at the end of September. Total VHA users more than 6 million customers, or approximately 26.3% of total mobile users in Australia. This amount is still far under total mobile service users, such as Optus with 7.4 million customers and markets with 9.5 million subscribers.

VHA will be held Chairman Nick Read, currently CEO of Vodafone Asia Pacific & Middle East. Nigel Dews, who currently serves as CEO HTAL & H3GA, will become CEO. CFO will be by dijabat Dave Boorman, who currently serves as CFO Vodafone Australia.

Meanwhile, Russell Hewitt, currently serves as CEO of Vodafone Australia, will become non-executive director of the VHA. VHA mention in the middle of the more fierce competition, merger transaction is expected to bring significant added value. Cost of product development, information technology, network, operational, commercial and administration can be trimmed.


source : http://web.bisnis.com

Mobile phone chip market in China had fallen 6%

A study conducted by research institute CCID Consulting said mobile phone chip market in China last year had fallen as much as 6% to U.S. $ 16 billion after having had a rapid growth during recent years.

In the last year, as quoted from the site Cellular-News, the number of handheld devices manufactured in China was down 8.6% to about 750 million. The decline occurred because a number of reasons, such as a decrease in production that is now happening as a result of the financial crisis, took hit handheld device manufacturer in China.

During this time, known as China's mobile phone production base in the world. A number of large vendors such as Nokia and Motorola, already have production lines in the country. Fourth quarter is usually a critical period for the vendor. Learning from experience in previous years, in the quarter is usually the manufacturer, began implementing the latest technology for mobile phone production.

Slowing global economy and a decrease in the market mobile phone becomes the cause of lesunya chip production in the fourth quarter last year. This condition is proportionate to the upside in the market situation in 2007, where the booming mobile phone follow up the number of chip production.

Multimedia chip market, along with the memory chip is still contribute as much as 43% of the total chip market. Popularity of multimedia chip mainly driven by increased adoption multimedia features in mobile phones, such as camera and MP3 player. Multimedia chip market is also affected by electrical current from the crisis. This can be seen from the decrease in chip production in the year ago of 20% compared with production in 2007.

Meanwhile, the chip application, a year ago on the contribution of only 4.1% of the total chip market, estimated to be increased mainly due to an increase in high-end mobile phones along with the expansion of third generation technology