Realisasi penerimaan cukai hingga 2 September 2008 mencapai Rp33,65 triliun atau sekitar 73,61 persen dari target di APBNP 2008 sebesar Rp45,72 triliun.


According to the Online Report Module of the Customs and Excise Office here on Tuesday, import duty receipt in that period also reached Rp14.80 trillion or about 93.55 percent of the target set in the state budget at Rp15.82 trillion.


Modul Pelaporan Online Ditjen Bea dan Cukai di Jakarta, Selasa, juga melaporkan realisasi penerimaan bea masuk BM yang mencapai Rp14,80 triliun atau sekitar 93,55 persen dari target APBNP 2008 sebesar Rp15,82 triliun.


In the meantime, the realization of export tax revenues has also reached Rp12.52 trillion or about 112.24 percent of the target set at Rp11.16 trillion in the state budget.


Sementara realisasi penerimaan Bea Keluar BK mencapai Rp12,52 triliun atau sekitar 112,24 persen dari target APBNP 2008 sebesar Rp11,16 triliun.


Thus, the total state revenues the Customs and Exercise Office has collected until September 2, 2008 accounted for Rp60.97 trillion while the revised 2008 state budget has set a total of Rp74.70 trillion.


Dengan demikian realisasi penerimaan negara yang berhasil dihimpun Ditjen Bea dan Cukai hingga 2 September 2008 mencapai Rp60,97 triliun dibanding target dalam APBNP 2008 sebesar Rp74,70 triliun.


The rupiah tumbled to US$9,465/9,470 per dollar in the Jakarta interbank spot market on Tuesday morning from Rp9,453/Rp9,536 per dollar the day before, a foreign exchange analyst said.


Kurs rupiah terhadap dolar AS di pasar spot antarbank Jakarta, Selasa melemah meliwati angka Rp9.450 per dolar AS menjadi Rp9.465/9.470 per dolar AS dibanding penutupan hari sebelumnya 9.453/9.536 per dolar AS atau turun 12 poin.


The rupiah came under constant pressure, causing it to tumble again on Tuesday, Rully Nova of PT Bank Himpunan Saudara Tbk said on Tuesday.


Analis Valas PT Bank Himpunan Saudara Tbk, Rully Nova di Jakarta, Selasa mengatakan, tekanan pasar terhadap rupiah masih terus terjadi sehingga mata uang Indonesia itu kembali merosot.


If the condition continued, the Indonesian currency might edge closer to Rp9,500 per dollar, he said.


Apabila kondisi ini terus terjadi maka rupiah diperkirrakan akan dapat mendekati angka Rp9.500 per dolar AS, katanya.


The rupiah would further depreciate against the dollar if Bank Indonesia the central bank/BI did not intervene in the money market and left its trading to the market mechanism, he said.


Posisi rupiah, menurut dia saat ini sangat mengkhawatirkan apabila Bank Indonesia BI tidak melakukan intervensi dan membiarkan mata uang itu diserahkan kepada pasar.


Bank Indonesia will likely intervene in the market if the market pressure is getting stronger and causes the rupiah to move closer to Rp9,500 per dollar, he said.


BI kemungkinan akan turun ke pasar apabila tekanan pasar makin menguat yang mendorong rupiah mendekati angka Rp9.500 per dolar AS, ucapnya.


He said the central bank would prevent the local unit from hitting a psychological level of Rp9,500 per dollar which many feared would cause the rupiah to plunge further.


Ia mengatakan, BI akan menjaga rupiah agar tidak mencapai angka batas pskilogis Rp9.500 per dolar AS yang dikhawatirkan apabila menembus angka tersebut maka rupiah akan makin terpuruk.


It was a matter of time for Bank Indonesia to intervene in the money market, he said.


BI hanya menunggu momentum yang tepat untuk mengantisipasi guna mencegah rupiah terpuruk lebih jauh, ujarnya.


The government is still undecided about raising excise tariff for the 2009 draft state budget, a minister said.


Menteri Keuangan Sri Mulyani Indrawati mengatakan, hingga saat ini belum ada rencana untuk mengubah atau menaikkan besaran tarif cukai untuk RAPBN 2009.


When it comes to excise tariff for the 2009 draft state budget, we will go ahead with the existing policy, Finance Minister Sri Mulyani Indrawati said on Thursday.


Untuk 2009 yang ditargetkan dalam RAPBN, kebijakannya masih meneruskan uniform tarif yang sudah kita lakukan, kata Menkeu di Jakarta, Kamis.


The government would not make radical changes in excise tariff next year as proposed by many quarters, she said.


Ia menegaskan, untuk tahun 2009, pemerintah tidak merencanakan perubahan radikal seperti yang diusulkan sejumlah pihak.


Earlier, the Demographic Institute of the School of Economics at the University of Indonesia LDFEUI proposed that the government raise the target of state revenues from tobacco excise to the maximum limit as permitted by the excise law.


Sebelumnya Lembaga Demografi FE-UI mengusulkan agar pemerintah menaikkan penerimaan negara dari cukai tembakau hingga batas maksimum yang diijinkan UU tentang Cukai.


LDFEUI suggested that state revenues from tobacco excise be raised by a range of Rp29.1 trillion to Rp59.3 trillion to increase the health of the people and support the state budget.


LDFEUI mengusulkan penambahan penerimaan negara dari cukai tembakau antara Rp29,1 triliun hingga Rp59,3 triliun. Kenaikan tersebut akan meningkatkan kesehatan rakyat dan menguatkan APBN.


The minister said she had communicated the government's short-term policy in the excise sector to the stakeholders as well as to relevant government agencies such as the industry ministry, the manpower and transmigration ministry and the health ministry.


Menkeu menyebutkan, pihaknya sudah mengkomunikasikan kebijakan bidang cukai dalam jangka pendek kepada pemangku kepentingan maupun lembaga pemerintah terkait seperti Depperin, Depnakertrans, dan Depkes.


The government has set the excise revenue target at Rp47.49 trillion for 2009 compared to Rp45.72 trillion a year earlier.


RAPBN 2009 menetapkan target penerimaan cukai sebesar Rp47,49 triliun dibanding dengan target dalam APBNP 2008 sebesar Rp45,72 triliun.


The rupiah strengthened to Rp9,300 per dollar in the Jakarta interbank spot market late Monday as investors bought the local unit on signals that Bank Indonesia BI will extend repurchase agreement repo facilities.


Kurs rupiah terhadap dolar AS di pasar spot antar-bank Jakarta, Senin sore menguat hingga Rp9.300 per dolar AS setelah Bank Indonesia BI berencana memperpanjang fasilitas Repo surat berharga.


Bank Indonesia's plan to extend repo facilities and the government's wish to put its funds in the central bank to boost banking liquidity had caused the rupiah to strengthen, foreign exchange analyst Rully Nova of PT Bank Himpunan Saudara Tbk said on Monday.


Rencana BI memperpanjang Repo itu dan penempatan dana emerintah di BI untuk mendorong likuiditas perbankan memicu rupiah menguat, kata analis Valas PT Bank Himpunan Saudara Tbk, Rully Nova di Jakarta.


The Indonesian currency closed at Rp9,300/9,305 per dollar late Monday compared to Rp9,313/9,380 per dollar at the weekend, up 13 points.


Nilai tukar rupiah terhadap dolar AS menguat menjadi Rp9.300/9.305 per dolar AS dibanding penutupan akhir pekan lalu Rp9.313/9.380 atau naik 13 poin.


He said the US government had also injected US$700 billion in fresh funds to overcome a financial crisis that affected the country.


Ia mengatakan, pemerintah Amerika Serikat juga menyuntik dana sebesar 700 miliar dolar AS untuk mengatasi krisis keuangan yang terjadi di negara itu yang mengimbas kawasan Eropa dan Jepang.


The US was trying to overcome the financial crisis after a number of large-scale US companies had gone bankrupt, he said.


Amerika Serikat berusaha mengantisipasi krisis keuangan setelah sejumlah perusahaan terbesar AS banyak yang pailit bangkrut, katanya.


The rupiah had earlier edged closer to Rp9,080 per dollar before it closed at Rp9,300/9,305 per dollar.


Rupiah sebelumnya sempat menguat hingga mendekati angka Rp9.080 per dolar AS dan kini terpuruk pada Rp9.450 per dolar AS.


Rully said the rupiah still had room to strengthen again as BI would always try to keep the local unit's liquidity using all its available instruments though the global economic turbulence had shown on sign of abating.


Menurut dia, rupiah akan kembali menguat, karena BI tetap menjaga likuiditas mata uang lokal itu dengan menerapkan berbagai instrumennya di pasar, meski turbulensi krisis ekonomi global masih belum reda.


It was likely BI would raise again its benchmark interest rate to curb the stubbornly high inflation rate, he said.


BI juga kemungkinan akan kembali menaikkan suku bunga acuan BI Rate untuk mencegah laju inflasi yang cenderung meningkat, katanya.


China announced Monday its first cut in lending rates since 2002, the strongest indication yet that it is becoming concerned about the need to spur growth.


China mengatakan akan memotong tingkat suku bunga acuan pinjaman setahun sebesar 27 basis poin mulai Selasa, yang memberi indikasi kuat bahwa negara itu akan memacu pertumbuhan.


The government has decided to cut the benchmark one-year lending rate by 27 basis points to 7.20 percent with effect from Tuesday, while keeping the deposit rate stable, the central bank said in a statement.


Keputusan untuk memangkas suku bunga pinjaman menjadi 7,2 persen tersebut, sedangkan suku bunga deposito stabil, dilakukan untuk meyakinkan pertumbuhan ekonomi nasional yang relatif cepat dan stabil , kata bank sentral negara itu dalam sebuah pernyataan hari Senin.


China's government has indicated in recent weeks that spurring growth has become a priority, in a major shift from a more pronounced emphasis on inflation control early this year.


Pemerintah China telah mengindikasikan beberapa pekan belakangan ini bahwa upaya memacu pertumbuhan tersebut merupakan prioritas, setelah sebelumnya memberi perhatian lebih besar terhadap pengendalian inflasi pada tahun ini.


The Politburo reached that consensus against the backdrop of new data showing China's economic growth slowed to 10.1 percent in the second quarter of 2008 by contrast, the economy grew by 11.9 percent in the whole of 2007.


Pertumbuhan ekonomi China melambat menjadi 10,1 persen pada kuartal kedua 2008, sedangkan pada tahun 2007 negara itu tumbuh 11,9 persen selama setahun.


However, the nation's largest and most cash-rich banks were not covered by the reserve ratio cut, indicating monetary authorities were keen not to flood the market with liquidity.


Tetapi bank terbesar dengan likuiditas berlimpah tidak termasuk dalam kebijakan pemangkasan rasio cadangan tersebut, yang mengindikasikan bahwa otoritas moneter tidak mengingikan pasar yang banjir likuiditas.


By contrast, the required reserve ratio will be slashed by two percentage points for local financial institutions in areas devastated by the May earthquake in southwest China's Sichuan province.


Sementara itu, rasio cadangan yang dipersyaratkan akan dipangkas dua persen poin bagi institusi keuangan lokal di lokasi yang dilanda gempa bumi pada bulan Mei lalu di provinsi Sicuan, China bagian barat daya.


Indonesia's economy will still grow more than six percent despite the current financial market crisis, Sunarsip, an observer from the Indonesia Economic Intelligence, said here on Monday.


Pengamat dari The Indonesia Economic Intelligence, Sunarsip, mengatakan, pertumbuhan ekonomi PE Indonesia tetap diatas 6 persen meski saat ini terjadi guncangan di pasar keuangan.


Although the capital market has slumped and the rupiah is under pressure our economy will remain to grow past six percent because our economic growth is driven more by internal and not external factors, he said.


Meski pasar modal akhir-akhir ini anjlok dan rupiah kita tertekan, tapi pertumbuhan ekonomi kita tetap akan di atas enam persen, sebab pertumbuhan kita lebih didorong oleh faktor internal, bukan eksternal, katanya di Jakarta, Senin.


He said the country's economy still grew 6.39 percent in the first semester of this year despite the world economic slowdown.


Hal ini, menurut dia, tampak dalam semester I 2008 lalu dimana pertumbuhan mencapai 6,39 persen meski dunia mengalami perlambatan perekonomian.


Strong domestic demand as reflected by credit growth, reaching 35 to 37 percent, will certainly boost economic growth, he said.


Selain itu, gambaran kuatnya permintaan dalam negeri yang tercermin dari tingginya pertumbuhan kredit yang mencapai 35-37 persen juga pasti akan mendorong pertumbuhan ekonomi, katanya.


In view of that he believed the country's economic growth would reach 6.3 percent.


Untuk itu, menurut dia, pertumbuhan ekonomi kemungkinan akan mencapai 6,3 persen.


moreover strong demand is still continuing, he said.


Apalagi kekuatan permintaan saat ini masih berlanjut, katanya.


He said current fluctuations in the domestic financial market were driven more by external factors.


Ia menambahkan, masih bergejolaknya pasar keuangan di Indonesia saat ini lebih didorong oleh faktor ekternal.


referring to the collapse of huge companies in the US such as the Lehman Brothers and City Corp before.


Kehancuran perusahaan-perusahaan besar di AS telah membuat gejolak keuangan merambat ke berbagai negara termasuk Indonesia, katanya.


He said the collapse had caused financial market upheavals in various countries including Indonesia.


Ia mencontohkan, bangkrutnya Bank Investasi AS, Lehman Brothers telah memicu gejolak di pasar modal.


I think the impact on the financial market will remain in the next two months, he said.


saya kira dalam dua bulan mendatang dampaknya masih terasa di pasar keuangan, katanya.


On inflation he said it was predicted it could reach 12 percent.


Sementara itu, untuk tingkat inflasi diperkirakan masih bisa mencapai 12 persen.


Inflation this year will remain high but is still tolerable in view of current economic condition, he said.


Inflasi kita tahun ini tetap akan tinggi, tapi itu masih 'tolerable' dilihat dari kondisi perekonomian saat ini, katanya.


The Asian Development Bank ADB and the Islamic Development Bank IDB have signed a co-financing agreement to raise up to US$4 billion in fresh funds to finance projects in a number of member states, including Indonesia in the next three years.


Bank Pembangunan Asia ADB dan Bank Pembangunan Islam IDB menandatangani kesepakatan pembiayaan bersama co financing agreement untuk menghimpun dana segar hingga 4 miliar dolar AS dalam rangka pembiayaan proyek-proyek di beberapa negara anggota, termasuk Indonesia, selama tiga tahun ke depan.


Under the agreement, the two international institutions will make available US$2 billion each for the projects, the ADB said in its official website on Tuesday.


Dikutip dari situs resmi ADB, Selasa, kedua lembaga internasional tersebut akan menyediakan masing-masing 2 miliar dolar AS dalam kesepakatan tersebut.


The agreement would focus on financing infrastructure projects covering irrigation and urban sectors.


Proyek-proyek yang akan dibiayai terutama proyek infrastruktur, termasuk irigasi, prasarana, dan sektor perkotaan.


In a number of certain countries, the education, health, etc sectors may have a chance of securing financing from the agreement.


Sedangkan di beberapa negara tertentu, sektor pendidikan, kesehatan dan sektor lain berpeluang memperoleh pembiayaan dari kesepakatan tersebut


The agreement is in line with the Accra Summit and other international declarations within the frame of building development effectiveness and harmony, IDB Vice President Amadou Cisse said.


Kesepakatan itu sejalan dengan KTT Accra dan deklarasi internasional lainnya dalam rangka membangun efektifitas dan harmonisasi pembangunan, kata Vice President IDB, Amadou Cisse.


In addition, the agreement would also make it possible for the adoption of a new platform in which the two institutions could raise third party funds from investors in other member states, ADB Director General for Central and West Asia Juan Miranda said.


Selain itu, kesepakatan ini memungkinkan adanya 'platform' baru dimana kedua institusi dapat menarik dana pihak ketiga dari investor di negara-negara anggota lainny, kata Dirjen ADB untuk wilayah Asia Tengan dan Barat, Juan Miranda.


The agreement is consistent with the ADB's 2020 strategy and the IDB's 1440 Hijrah vision, IDB Director for Asia Walid Abdelwahab said.


Kesepakatan ini konsisten dengan strategi 2020 ADB dan visi 1440 Hijriah IDB, kata Direktur IDB untuk Asia, Walid Abdelwahab.


State-owned tin mining company PT Timah has canceled a plan to acquire a mining business in Australia because it is no longer profitable.


PT Timah Tbk Timah menyatakan membatalkan rencana akuisisi tambang timah di Australia karena dinilai kurang layak.


The Australian mining field is an old mining site which had been abandoned for a long time with a remaining tin reserve of about 11,000 million tons.


Tambang di Australia tersebut merupakan tambang bekas yang sudah lama beroperasi dengan sisa cadangan sebanyak 11.000 juta ton.


Finance Minister Sri Mulyani stated that the total dividends put in by state-own enterprises BUMN during the first semester of pf2008 had reached Rp13.5 trillion from its target of Rp31.2 trillion in 2008 state budget as reported here Tuesday.


Realisasi setoran deviden BUMN untuk APBN 2008 hingga Agustus 2008 mencapai Rp13,5 triliun dari total target di APBNP 2008 sebesar Rp31,2 triliun, realisasi hingga agustus yang sudah disetor dari Rp31,2 triliun adalah Rp13,5 triliun, kata Menkeu Sri Mulyani Indrawati di Gedung DPR Jakarta, Selasa.


The number was a contribution from the bank and non-bank sectors respectively Rp4.5 trillion and Rp8.9 trillion.


Menkeu menyebutkan, realisasi setoran Rp13,5 triliun itu terdiri dari setoran deviden dari BUMN perbankan sebesar Rp4,5 triliun sementara BUMN non perbankan mencapai Rp8,9 triliun.


The state oil and gas company PT Pertamina has not raised the numbers since it is still being calculated, she said.


Dari jumlah Rp8,9 triliun, PT Pertamina belum memberikan karena masih dalam proses perhitungan, jelas Menkeu.


The contribution from the banks has exceeded the initial target of Rp3.87 quintillion and the global fluctuation should be taken into consideration for the banks to prepare the careful risk management.


Menkeu menyebutkan, target setoran deviden BUMN 2008 sebesar Rp31,2 triliun terdiri dari setoran deviden BUMN perbankan Rp3,87 triliun dan non perbankan diharapkan mencapai Rp27,37 triliun.


PT Semen Gresik Tbk estimates its income by the end of this year will reach Rp11 trillion or up by 15 percent from around Rp9.5 trillion last year, the company's chief said.


PT Semen Gresik Tbk SMGR memperkirakan pendapatan perusahaan sampai akhir tahun 2008 mencapai sebesar Rp11 triliun, naik 15 persen dibanding tahun 2007 sekitar Rp9,5 triliun.


In the second semester of this year, demand has been low but it is expected to rise again in September and remain high until year end, the company's president director, Dwi Sutjipto, said here on Tuesday.


Semester II tahun ini terjadi perlambatan permintaan semen, akan tetapi pada periode itu mulai September hingga akhir tahun akan kembali meningkat, kata Dirut Semen Gresik Dwi Sutjipto, di Gedung MPR/DPR, Jakarta, Selasa.


Accordingly, the company hoped its net profit this year would at least be the same as last year, he said.


Dengan demikian perseroan mengharapkan target laba bersih tahun 2008 minimal sama dengan tahun 2007.


Dwi said the company's financial performance depended much on demand and cement price movements in the market.


Menurut Dwi, pencapaian kinerja keuangan perusahaan sangat tergantung permintaan dan pergerakan harga produk semen di pasaran.


Referring as an example to the situation in August when national demand dropped around two percent compared to the same period last year.


Ia mencontohkan pada Agustus 2008, permintaan semen secara nasional turun sekitar 2 persen dibanding bulan yang sama pada Agustus 2007.


However, this is not a problem because the target of the first semester has already been surpassed, he said.


Akan tetapi hal itu tidak menjadi masalah karena kinerja semester I telah melampaui target, ujarnya.


Dwi said the company's rising income until the end of this year would probably be the result of an increase in demand from 34 million tons in 2007 to 37 million tons.


Lebih lanjut ditegaskan Dwi, pertambahan pendapatan Gresik hingga akhir tahun akan didorong kemungkinan peningkatan permintaan semen dari 34 juta ton tahun 2007 menjadi 37 juta ton pada tahun 2008.


It was even predicted cement consumption would increase 10 to 11 percent until the end of this year, he said.


Bahkan diperkirakan pertumbuhan konsumsi semen hingga akhir diperkirakan mencapai 10-11 persen.


The drop in August could be taken as a base for calculating demand until the end of the year, he said.


Penurunan permintaan pada Agustus lalu tidak bisa jadi patokan sampai akhir tahun, katanya.


In connection with the company's plan to build a new factory in Pati, Central Java, Dwi said that it would be realized soon.


Terkait dengan rencana Semen Gresik menambah kapasitas produksi dengan membangun pabrik baru di Pati, Jawa Timur, Dwi mengatakan belum segera terealisasi.


It cannot as yet be carried out because we have yet to receive the environmental impact analysis report from the government agency concerned, he said.


Pembangunan masih terkendala belum keluarnya laporan Analisis Dampak Lingkungan Amdal dari instansi terkait, katanya.


The report is an important requirement which has to be met by the company before starting the development and acquiring land.


Amdal merupakan persyaratan penting dan kewajiban yang harus dipenuhi perusahaan sebelum pembangunan dilanjutkan, baru kemudian proses pembebasan lahan.


Regarding funding, he said it was not a problem because the company had already set aside US$1.6 billion for the contruction of two new plants.


Sedangkan dari sisi pendanaan ditegaskannya, tidak masalah karena investasi yang dicadangkan untuk pembangunan dua pabrik baru sudah disiapkan sebesar 1,6 miliar dolar AS.


The rupiah fell to Rp9,310/9,315 per dollar in the Jakarta interbank spot market late Tuesday as investors rushed for the greenback over worries about the global economic turbulence.


Kurs rupiah terhadap dolar AS di pasar spot antarbank Jakarta, Selasa sore tetap merosot diatas angka Rp9.300 per dolar AS, karena pelaku masih memburu dolar AS akibat gejolak ekonomi global.


Investors still rushed for the dollar though the US financial crisis has led to a number of US financial companies going bankrupt, foreign exchange analyst Rully Nova of PT Bank Himpunan Saudara said on Tuesday.


Pelaku pasar masih memburu dolar AS ketimbang membeli rupiah, meski krisis keuangan di Amerika Serikat mengakibatkan sejumlah perusahaan keuangan AS ambruk, kata analis Valas PT Bank Himpunan Saudara, Rully Nova di Jakarta, Selasa.


The rupiah fell 20 points to Rp9,310/9,315 per dollar late Tuesday from Rp9,290/9,329 per dollar the day before.


Nilai tukar rupiah terhadap dolar AS turun menjadi Rp9.310/9.315 per dolar AS dibanding penutupan hari sebelumnya Rp9.290/9.329 per dolar AS atau melemah 20 poin.


Rully said the Indonesian currency would likely come under pressure in the ensuing days as investors were still worried about the global economic turbulence.


Rully Nova mengatakan, rupiah pada hari berikutnya kemungkinan akan masih tertekan pasar, karena kekhawatiran pelaku pasar masih tinggi.


Moreover, the country's inflation rate was still high, prompting Bank Indonesia the central bank/BI to raise again its key interest rate, locally known as BI Rate, he said.


Apalagi laju inflasi di dalam negeri masih tinggi yang mendorong Bank Indonesia BI segera menaikkan kembali suku bunganya mengakibatkan pelaku lebih berhati-hati membeli rupiah, ucapnya.


Currently, investors did concentrate their attention on the high BI Rate but tended to save their funds by buying the dollar, he said.


Pasar agak panik, apalagi sejumlah pasar saham juga mengalami tekanan negatif, sehingga sejumlah saham banyak yang berguguran, katanya.


The market was rather panic-stricken, the more so because a number of share markers also came under pressure, he said.


Selain itu, menurut dia pelaku lokal melakukan aksi profit taking untuk mencari untung gain karena menjelang lebaran kebutuhan dana sangat besar.


Meanwhile, the dollar tumbled against other global major currencies over worries that the US government's plan to inject US$700 billion to take over non-performing loans would burden the US finance.


Sementara itu dolar AS turun tajam karena berkembangnya kekhawatiran bahwa rencana penyelamatan Washington sebesar 700 miliar dolar untuk mengambil alih kredit macet yang menggunung pada bank-bank AS, akan membebani keuangan AS.


The euro rose to 1.4677 from 1,4572 per dollar. The dollar also fell against the yen to 106.30 from 107.38.


Euro naik menjadi 1,4677 dolar AS dari 1,4572 dolar. Dolar AS juga turun terhadap yen menjadi 106,30 yen dari 107,38 yen.


Publicly listed PT Indofood Sukses Makmur INDF has officially acquired a 68.57 percent stake of PT Indolakto worth US$350 million, INDF corporate secretary Werianty Setiawan said.


PT Indofood Sukses Makmur Tbk., INDF secara resmi mengakuisisi secara tidak langsung 68,57 persen saham PT Indolakto senilai 350 juta dolar AS.


She said that the acquisition took place after INDF took over a 100 percent stake of Darayton Pte. Ltd through Pastilla Investment.


Akuisisi tersebut dilakukan setelah perseroan mengambil alih 100 persen saham Drayton Pte. Ltd melalui Pastilla Investment, kata Sekretaris Perusahaan INDF, Werianty Setiawan Selasa.


The company has signed a conditional sale-purchase agreement with Pastilla Investment Limited to acquire a 100 percent stake in Drayton, she said here on Tuesday.


Perseroan telah menandatangani perjanjian jual beli bersyarat dengan Pastilla Investment Limited untuk mengakuisisi 100 persen saham Drayton Pte Ltd, ujar


Indolakto is a milk and milk-based product producer such as milk, butter and ice cream.


Indolakto merupakan produsen susu dan produk berbasis susu, seperti beragam jenis susu, mentega, dan es krim.


Indolakto has so far produced products with trade marks such as Indomilk, Cap Enaak, Tiga Sapi, Ordchid Butter and Indoeskrim.


Merk yang diusung Indolakto, antara lain adalah Indomilk, Cap Enaak, Tiga sapi, Orchid Butter, dan Indoeskrim.


Werianty said the acquisition was expected to be completed in December 2008.


Menurut dia, akuisisi tersebut ditargetkan rampung pada Desember 2008.


The fund for the purchase of the stake will be taken from the company's cashflow and bank loans.


Dana akuisisi dialokasikan dari kas perseroan dan pinjaman perbankan.


Besides taking over its stake, the company also acquired its receivables worth US$100.5 million.


Selain mengambil alih saham, perseroan juga mengakuisisi piutang saham sebesar 100,5 juta dolar AS.


She said her company has paid the acquisition funds amounting to US$2.5 million, which is the equivalent of 15 percent of the acquisition fund at the time the agreement was concluded.


Dia menambahkan dana akuisisi telah dibayar perseroan sebesar 2,5 juta dolar AS atau setara dengan 15 persen dana akuisisi pada saat perjanjian.


The remaining US$297.5 million or about 85 percent will be paid off in seven work days after all the conditions for the acquisition have been met.


Sedangkan, sisanya sebesar 297,5 juta dolar AS atau 85 persen akan dilunasi pada tujuh hari kerja setelah seluruh syarat akuisisi terpenuhi.


PT Bumi Resources Tbk buys back up to 23.807 millions of its shares which are equal to 8.77 percent of a total market volume of 271.409 million shares.


PT Bumi Resources Tbk BUMI melakukan pembelian kembali buy back saham sebanyak 23,807 juta 47.614 lot atau setara dengan 8,77 persen dari total volume pasar 271,409 juta sajam 542.818 lot.


The transaction was done on September 4, 2008 with PT Danatama Makmur as the broker, the company's director, Eddie J Soebari, said here on Monday.


Transaksi dilakukan pada 4 September 2008 dengan menunjuk broker pelaksana PT Danatama Makmur, kata Direktur BUMI Eddie J. Soebari di Jakarta Senin.


He said the deal was settled at a price of Rp4,575 to Rp4,625 between 30 minutes after and 30 minutes before the opening of the trade.


Ia mengatakan, transaksi dilakukan pada harga Rp4.575 - 4.625 antara 30 menit sesudah pembukaan dan 30 menit sebelum penutupan perdagangan.


With it the company has so far bought back 47.836 millions of its shares.


Dengan buy back ini maka total saham yang telah dibeli kembali mencapai 47,836 juta saham.


The shareholders meanwhile in an extraordinary meeting on June 12 2008 decided it would buy back a maximum of 582.120 million shares during a period of June 12 2008 to June 12 2009.


Sementara rapat umum pemegang saham luar biasa RUSPLB perseroan pada 12 Juni 2008 memutuskan jumlah maksimal buy back mencapai 582,120 juta saham dengan periode transaksi 12 Juni 2008 - 12 Juni 2009.


Until now the rest of shares allowed to be bought back reaches 534.284 million shares.


Hingga saat ini sisa yang dizinkan dibeli kembali mencapai 534,284 juta saham.


Bank Muamalat is to establish the First Islamic Investment Bank Ltd with an initial capital of US$10 million in Malaysia, its president director Andi Buchori said here on Monday.


Bank Muamalat mendirikan perusahaan investasi bernama First Islamic Investment Bank Ltd., dengan modal awal 10 juta dolar AS di Malaysia.


We have received the license from Labuan Offshore Financial Services Authority LOFSA in Malaysia and got the letter of content from Bank Indonesia, the central bank, to establish the investment company in the country, Andi Buchori said.


Kami telah mendapatkan ijin dari LOFSA Labuan Offshore Financial Services Authority di Malaysia dan telah mendapatkan letter of conten dari Bank Indonesia, kata Direktur Bank Muamalat Andi Buchori dihubungi ANTARA, Senin.


He said the company would start in October this year and Bank Muamalat would add US$100 million to its capital.


Ia mengatakan perusahaan tersebut akan mulai diluncurkan pada Oktober 2008 dan Bank Muamalat akan menambah modal hingga 100 juta dolar AS.


while an investment for its infrastructure development was predicted to be around US$1 million.


Sementara investasi untuk pembangunan infrastruktur perusahaan berupa IT diperkirakan sekitar 1 juta dolar AS.


According to Buchori, Fist Islamic Investment Bank Ltd would have its main office in Kuala Lumpur and its secretariat office in Labuan, Malaysia.


First Islamic Investment Bank Ltd., menurut dia, akan berkantor pusat di Kuala Lumpur dan kantor sekretariat di Labuan, Malaysia.


Labuan has been known by international investors including those from the Middle East who use foreign SVP, Buchori said,


Labuan telah dikenal oleh investor internasional dan terbuka juga untuk investor dari timur tengah yang menggunakan SVP asing, katanya.


adding that the establishment of investment bank was to withdraw funds from investors who invested in medium and long term equity financing 5-10 years.


Ia mengatakan pendirian investment bank tersebut untuk menarik dana dari investor yang menanamkan modalnya di pembiayaan modal equity financing berjangka waktu menengah dan panjang, 5-10 tahun.


The Deposit Insurance Agency LPS has raised its deposit insurance rate LPS Rate by 50 basis points to 9.25 percent for the Sept 15, 2008 - January 14, 2009 period in anticipation of a rise in lending rates.


Lembaga Penjamin Simpanan LPS menaikkan suku bunga penjaminan simpanan LPS rate sebesar 50 basis poin bps untuk periode 15 September hingga 14 Januari 2009 menjadi 9,25 persen untuk mengantisipasi kenaikan suku bunga perbankan ke depan.


LPS rate on foreign currency-denominated deposits remained unchanged at 3.50 percent, LPS Executive Chief Firdaus Djaelani said here on Thursday.


Kepala Eksekutif LPS Firdaus Djaelani di Jakarta, Kamis, mengatakan suku bunga simpanan untuk dalam bentuk valuta asing dipertahankan pada 3,50 persen.


The reason behind the decision is that banks will raise their lending rates in the next few months in response to relatively tight liquidity funds in the market, he said.


Alasan yang mendasari keputusan tersebut adalah bahwa dalam beberapa bulan ke depan tingkat bunga yang ditawarkan oleh bank akan naik seiring dengan relatif ketatnya likuiditas di pasar, katanya.


The decision to raise the LPS rate was also designed to anticipate the stubbornly high inflation rates during the Ramadhan fasting month, Lebaran post-fasting month festivities and New Year festivities, he said.


Ia menambahkan penyesuaian tersebut juga untuk mengantisipasi indikasi ekspektasi tingkat inflasi yang masih tinggi berkenaan dengan datangnya Ramadhan, lebaran dan tahun baru.


The deposit insurance rate on deposits in smallholder credit banks was set at 12.75 percent, he said.


Sedangkan suku bunga penjaminan untuk simpanan di bank perkreditan rakyat ditetapkan sebesar 12,75 persen.


Last week, Bank Indonesia the central bank/BI raised its benchmark interest rate to 9.25 percent in response to the expected high inflation rates in the next few months.


Pada pekan lalu Bank Indonesia telah menaikkan suku bunga acuan BI rate menjadi 9,25 persen mengingat tingginya ekspektasi inflasi dari sisi permintaan secara agregat.


The increase in LPS rate was the biggest the agency had ever decided.


Kenaikan sebesar 50 basis point ini merupakan kenaikan terbesar yang pernah diputuskan oleh LPS setelah pada Agustus 2008, LPS menahan suku bunga pada level sebelumnya 8,75 persen.


The on-year inflation rate reached 11.85 percent in August 2008. BI has set the inflation rate target at 11.5-12.5 percent for this year and 6.5-7.5 percent for next year.


Inflasi pada Agustus 2008 tercatat 11,85 persen secara year on year sedangkan target BI adalah 11,5 persen hingga 12,5 persen pada akhir tahun dan 6,5 persen hingga 7,5 persen pada 2009.


The government plans to cut the amount of state bonds SUN to be issued this year by Rp15 trillion due to current tight market liquidity.


Pemerintah akan memangkas jumlah penerbitan surat utang negara SUN tahun 2008 sebesar Rp15 triliun menyusul ketatnya likuiditas pasar saat ini.


The situation had more or less created uncertainty for market players and put the developing countries' market into an unfavorable position because investors tended to liquidate their position in these countries to offset their loss in other places and move to other safer instruments US bonds or cash money.


Dalam keadaan seperti itu posisi pasar negara berkembang menjadi kurang beruntung karena pemodal besar cenderung melikuidasi posisinya di negara berkembang untuk menutupi kerugiannya di tempat lain serta berpindah ke instrumen yang dianggap lebih aman surat utang di AS atau bentuk kas.


As a result of the situation, liquidity in the financial market in various countries including Indonesia was tight.


Akibatnya likuiditas di pasar keuangan di berbagai negara termasuk Indonesia menjadi langka.


In the case of Indonesia, the country's growing economy was now needing bigger liquidity and therefore the situation was also affecting liquidity in the national stock market and banking, he said.


Di Indonesia, pada saat bersamaan pertumbuhan ekonomi yang tinggi membutuhkan likuiditas yang lebih besar pula dan pada akhirnya berpengaruh terhadap likuiditas di pasar saham dan perbankan nasional.


He said in macro-economic terms liquidity condition and its prospect in Indonesia were still maintained in the current global market and domestic financial market fluctuations that brought an impact on the development of share price index, state bond market and the rupiah currency.


Menurut Depkeu, secara makro keadaan dan prospek likuiditas Indonesia tetap terjaga di tengah gejolak pasar global dan pasar keuangan domestik yang telah membawa dampak kepada perkembangan indeks harga saham, pasar SUN, maupun rupiah.


He said the liquidity maintainance was demonstrated in the implementation in the national state budget plan until August this year in which realization of state revenues especially from taxes had shown an increase of 46 percent so that the state's income had reached 68 percent of the target.


Terjaganya likuiditas ditandai dengan gambaran APBN hingga Agustus 2008 di mana realisasi pendapatan negara khususnya penerimaan pajak naik sebesar 46 persen sehingga total penerimaan negara mencapai 68 persen dari target.


On the expenditure side the target indeed has not been met.


Pada posisi belanja negara memang belum mencapai target.


However spending for fuel oil subsidy is predicted to decline following the fall of the crude price to reduce state expenditures.


Pengeluaran subsidi BBM diperkirakan berkurang karena penurunan harga minyak sehingga mengurangi pengeluaran negara.


As a result the 2008 deficit is expected to drop from formerly 2.1 percent of the gross domestic product to around 1.7 percent of the GDP.


Akibatnya defisit 2008 diperkirakan turun dari semula 2,1 persen dari PDB menjadi sekitar 1,7 persen dari PDB.


With the drop demand for financing through issuance of bonds will drop by Rp15 trillion which eventually reduce the government's demand for liquidity from the market.


Dengan penurunan defisit itu maka kebutuhan pembiayaan melalui penerbitan surat utang akan turun sebesar Rp15 triliun yang akhirnya mengurangi kebutuhan likuiditas pemerintah dari pasar.


He said the government believed macro-economic liquidity would remain maintained and could support economic development.


Pemerintah yakin bahwa likuiditas makro akan tetap terjaga dan dapat mendukung perkembangan perekonomian.


However problems are also linked to micro-economic liquidity at banking levels, he said.


Namun persoalan yang dihadapi juga menyangkut likuiditas mikro di tingkat perbankan.


In view of that the government along with the central bank would take measures necessary to anticipate both micro-and macro-liquidity pressures.


Oleh karena itu pemerintah bersama BI akan mengambil langkah-langkah yang diperlukan untuk mengantisipasi tekanan likuiditas makro maupun mikro.


Among the measures to be taken were the government will improve absorption of spending and even speed up disbursement of expenditures for certain bills, reduce issuance of state bonds, speed up revision of Government Regulation Number 1 of 2007 on fiscal incentives for industries, provision of liquidity facilities for banks by the central bank through open market operations or purchase of securities and improving the regulation for the extension of the repurchase agreement facility for easing banks to obtain additional liquidity from the central bank.


Langkah tersebut antara lain pemerintah memperbaiki penyerapan belanja bahkan mempercepat pengucuran belanja untuk reknening-rekening tertentu, mengurangi penerbitan SUN, mempercepat revisi PP 1/2007 tentang insentif fiskal untuk industri, penyediaan fasilitas likuiditas kepada bank oleh BI melalui operasi pasar terbuka maupun pembelian surat berharga, dan penyempurnaan aturan pemberian fasilitas repo sehingga mempermudah bank mendapat likuiditas tambahan dari BI.


He said the government and the central bank were appealing to banks and market players to remain calm and not be provoked to engage in a price or interest rate war that would only harm the industry itself.


Pemerintah dan BI mengimbau perbankan dan pelaku pasar tetap tenang, tidak panik, serta tidak terpancing melakukan perang harga atau suku bunga yang gilirannya akan merugikan industri itu sendiri.


He said the government and the central bank would continue to monitor the developments from time to time and coordinate to take necessary measures to minimize loss suffered by the financial industry or the national economy.


Pemerintah dan BI akan tetap memonitor perkembangan dari waktu ke waktu dan berkoordinasi mengambil langkah-langkah yang dianggap perlu untuk meminimalkan kerugian yang dialami industri keuangan maupun perekonomian nasional.


The government and the central bank will maintain the stability of the Indonesian financial system in facing global market fluctuations, he said.


Pemerintah dan BI akan tetap menjaga stabilitas sistem keuangan Indonesia dalam menghadapi penyesuaian terhadap gejolak pasar global, kata Samsuar Said.


The Asian Development Bank ADP is urging Asian developing countries to structurally reform their agriculture sector to prevent food prices from resurging.


Bank Pembangunan Asia ADB mendesak negara-negara berkembang di Asia untuk melakukan reformasi struktural pada sektor pertanian untuk mencegah melonjaknya kembali harga bahan pangan.


The latest Asian Development Outlook ADO report received by ANTARA Tuesday stated the food crisis was still lingering despite declines in the prices of certain foodstuffs such as rice.


Proyeksi Perkembangan Ekonomi Asia ADO terbaru yang diterima ANTARA, Selasa, menyatakan krisis pangan masih terus mengancam meski harga beberapa bahan pangan pokok seperti beras telah turun.


Demand is still higher than supply, said ADB chief economist Ifzal Ali, adding that another shock in supply would cause an increase in the prices of cereals.


Permintaan tetap lebih tinggi dari pasokan, kata Kepala Ekonom ADB Ifzal Ali.


The report also said various things had caused the food crisis this year when the rice price rose from 400 US dollars per ton early in the year to 1,200 US dollars per ton in May, before finally dropping again to 730 US dollars per ton last week.


Laporan tersebut menjelaskan bahwa ada banyak dan beragam pendorong utama krisis pangan dunia tahun ini, yang menyebabkan harga beras meningkat dari 400 dolar AS per ton pada awal tahun menjadi 1200 dolar AS per ton pada Mei sebelum turun menjadi 730 dolar AS per ton minggu lalu, namun masalah pasokan yang terus terjadi, menjadi kekuatan utama yang mendorong terjadinya lonjakan harga.


The government must invest in public sector goods that support development of agricultural productivity and faciliate dissemination of clear market information among producers as well as consumers.


Pemerintah harus berinvestasi pada barang publik yang mendukung pertumbuhan produktivitas pertanian dan memungkinkan tersalurkannya informasi pasar secara jelas baik kepada produsen maupun konsumen.


Only an increase in supply from Asian farmers can lower food prices, Ali said.


Hanya respon pasokan yang kuat dari para petani Asia yang bisa menurunkan harga pada tingkatan yang lebih baik lagi, kata Ali.


The report also predicted foodstuff prices at least for some time to come would not drop below their 2008 level even if Asian countries invested in the agricultural sector good harvests over a period of several years were needed to rebuild the world's cereals stocks which had dropped low.


Laporan itu memproyeksikan, harga bahan pangan tidak akan turun ke tingkatan seperti sebelum tahun 2008, paling tidak hingga beberapa waktu ke depan karena jika negara-negara mulai berinvestasi pada sektor pertanian sekalipun, diperlukan panen yang baik selama beberapa tahun untuk bisa membangun kembali stok biji-bijian dunia yang menurun.


To achieve this, the prices of farmers' products must remain high because the agricultural input price rises with the increase in the crude oil price, said Ali.


Untuk melakukan hal ini, harga yang diterima petani untuk produksi mereka harus tetap tinggi terutama karena harga input pertanian meningkat bersamaan dengan meningkatnya harga minyak.


The world is now witnessing a change in pattern, namely from declining foodstuff prices in the last three decades to the prospect of high foodstuff prices in the next decades, Ali added.


Harga pupuk misalnya melonjak, transportasi dan harga bahan bakar untuk peralatan pertanian juga naik, kata Ali.


Asia must make structural reforms to adapt with the new environment where resources have become more scarce, he said


Asia harus melakukan reformasi struktural untuk menyesuaikan diri dengan lingkungan baru dengan langkanya sumber daya.


PT Lautan Luas LTLS, one of Indonesia's leading manufacturers and distributors of chemicals, has set up a subsidiary in Vietnam called Lautan Luas Vietnam Co Ltd. LLV through its subsidiary in Singapore, Lautan Luas Singapore Pte. Ltd.


PT Lautan Luas LTLS mendirikan perusahaan baru di Vietnam melalui anak perusahaannya di Singapura, Lautan Luas Singapore Pte. Ltd., dengan nama Lautan Luas Vietnam Co Ltd. LLV.


Director of LTLS Joshua Chandraputra Asali in his report to the Indonesian Stock Exchange BEI said here on Wednesday that the establishment of the new company in Vietnam was aimed at strengthening the company's manufacturing and distribution network.


Direktur LTLS Joshua Chandraputra Asali, dalam laporannya kepada Bursa Efek Indonesia BEI di Jakarta, Rabu, mengatakan pendirian perusahaan di Vietnam tersebut untuk memperkuat manufaktur dan jaringan distribusi perseroan.


Lautan Luas Vietnam Co. Ltd. is engaged in manufacturing and distribution businesses with a total capital of US$1.60 million and its shares are wholly owned by Lautan Luas Singapore Pte. Ltd.


Lautan Luas Vietnam Co. Ltd. bergerak di bidang usaha manufaktur dan distribusi dengan modal 1,60 juta dolar AS yang sahamnya 100 persen dikuasai oleh Lautan Luas Singapore Pte. Ltd.


The rupiah strengthened by 14 points to Rp9,211/9,215 per dollar in the Jakarta interbank spot market on Monday evening from Rp9,225/9,232 per dollar at the weekend as investors bought up the local unit.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Senin sore menguat 14 poin menjadi Rp9.211/9.215 per dolar AS dibanding penutupan akhir pekan lalu Rp9.225/9.232 per dolar AS, karena pelaku membeli rupiah.


The rush on the rupiah was triggered by the improving regional bourse caused by a strengthening of the Wall Street index and the decline in the country's on-month inflation rate to 0.59 percent in April, foreign exchange analyst Rully Nova of publicly-listed PT Bank Himpunan Saudara Tbk, said on Monday.


Aksi beli rupiah itu dipicu oleh membaiknya bursa regional akibat menguatnya bursa Wall Street dan laju inflasi April yang hanya 0,59 persen, kata analis Valas PT Bank Himpunan Saudara Tbk, Rully Nova di Jakarta, Senin.


Investors bought up the rupiah as there was a positive sentiment toward the Indonesian currency, he said.


Ia mengatakan, pelaku pasar memburu rupiah setelah melihat sentimen positif terus mendekati mata uang Indonesia, meski mereka berhati-hati dalam melakukan aksi belinya.


The rush on the rupiah happened in anticipation of the government's decision to raise fuel oil prices early next month, he said.


Aksi beli ini dalam upaya mengantisipasi kenaikan harga bahan bakar minyak BBM yang diperkirakan dinaikkan pada awal Juni, katanya.


He predicted the rupiah would strengthen within a range of Rp9,110 to Rp9,115 per dollar in the days ahead given the positive market sentiment.


Rupiah, menurut dia, akan kembali membaik pada hari berikutnya, karena sentimen positif masih mendominasi pasar sehingga mampu berada pada kisaran antara Rp9.110 dan Rp9.115 per dolar AS.


President Director of PT Danareksa Investment Management Priyo Santoso has estimated that the country's inflation rate, which currently tended to increase, would be down in the 2008 second quarter thanks to improving US economic indicators.


Dirut PT Danareksa Investment Management, Priyo Santoso, mengatakan, laju inflasi dalam negeri yang belakangan ini cenderung meningkat, diperkirakan akan mulai menurun pada akhir kuartal ketiga akibat membaiknya berbagai indikator ekonomi AS.


With the improvement of the US economy, inflation rate in various countries in Asia, Europe and America, will be moving downward, because the global economy is moving to a positive direction, he said here on Tuesday.


Dengan membaiknya ekonomi AS maka laju inflasi yang terjadi di berbagai negara, baik di Asia, Eropa maupun di Amerika akan bergerak turun, karena ekonomi global menuju ke arah positif, katanya di Jakarta, Selasa.


The Asian region, especially Indonesia, was very worried about the condition of the US economic growth because the US was a potential market for its export products, he said.


Menurut dia, kawasan Asia khususnya Indonesia, sangat mengkhawatirkan pertumbuhan ekonomi AS karena Amerika Serikat merupakan pasar potensial bagi produk ekspornya.


However, a number of US economic indicators which had showed signs of improvement, gave a hope that the US economic continued to grow following the US sub-prime mortgage crisis


Namun sejumlah indikator ekonomi AS yang menunjukkan tanda-tanda membaik, memberikan keyakinan bahwa ekonomi AS tetap tumbuh, setelah terjadi krisis gagal bayar sektor perumahan di AS, katanya.


Among the improving US economic indicators was the U.S. service sector which showed a better-than-expected reading of 52 for April, up from 49.6 in March. Besides, a number of US oil and mining companies were also recording a better growth, he said.


Indikator ekonomi AS yang membaik, lanjut dia, antara lain sektor pelayanan AS yang meningkat selama April mencapai 52 dibanding bulan lalu hanya 49,6.


However, a number of business players were still waiting for further data on the US economy to see whether the US crisis was really over, he said.


Selain itu, sejumlah perusahaan AS yang bergerak di bidang perminyakan dan tambang juga tumbuh dengan baik, ucapnya.


Meanwhile, Indonesia continued to deal with its problems by among other things planning to raise fuel prices in June 2008, he said.


Meski demikian, menurut dia, sejumlah pelaku bisnis masih menunggu kelanjutan dari data ekonomi AS, apakah benar krisis yang terjadi di AS telah usai.


The rocketing world's crude oil price surge to above 120 US dollars cause Indonesia's budget deficit to increase significantly, he said.


Priyo Santoso mengatakan, gejolak kenaikan harga minyak mentah dunia yang saat ini di atas 120 dolar AS mengakibatkan defisit anggaran makin membengkak.


The government asked the people to understand the government's plan to raise the fuel prices next June in order cut the budget deficit.


Pemerintah saat ini mengajak masyarakat untuk bisa mengerti dan memahami kesulitan pemerintah dalam upaya menekan defisit anggaran tersebut, dengan menaikkan harga BBM sehingga defisit anggaran dapat dikurangi, ucapnya.


On the Bank Indonesia BI key rate, he said the central bank was estimated to maintain its key rate, known as BI Rate, because the April inflation rate tended to get lower to around 0.59 percent from 0.95 percent previously.


Ditanya mengenai BI Rate, menurut dia Bank Indonesia BI diperkirakan akan masih mempertahankan suku bunga acuan BI Rate itu, apalagi laju inflasi April cenderung turun hanya sekitar 0,59 persen dari sebelumnya 0,95 persen.


The Indonesian Chamber of Commerce and Industry Kadin has expressed hope Bank Indonesia the central bank/BI will not raise its key rate this month although the on-month inflation rate in April was 0.57 percent and the on-year inflation rate 8.96 percent.


Kamar Dagang dan Industri Kadin  Indonesia berharap Bank Indonesia BI rate tidak naik bulan ini, meskipun angka inflasi pada April lalu naik 0,57 persen year on year menjadi 8,96 persen.


Businessmen hope BI will not raise the BI Rate because until now they still believe the central bank will not do so despite the high monthly inflation rate in April 2008, the chief of the chamber's permanent committee for monetary and fiscal affairs, Bambang Soesatyo, said here on Monday.


Pelaku usaha berharap BI tidak sampai menaikkan BI rate, karena sampai saat ini pelaku usaha masih yakin kendati laju inflasi lumayan tinggi pada April 2008, BI belum akan menaikkan BI rate, kata Ketua Komite Tetap Kadin Indonesia Bidang Moneter dan Fiskal, Bambang Soesatyo, di Jakarta, Senin.


Even without a hike in the BI Rate, the business world was already suffering due to a 6.4-11.3 percent increase in the prices of fuel oil for industries effective May 1, an increase in electricity bills, global inflation pressures, declining demand in the export market, high taxes and consumers' low purchasing power, he said.


Ia mengatakan tanpa kenaikan BI rate saja dunia usaha sudah babak belur akibat kenaikan kenaikan harga bahan bakar minyak industri 6,4 - 11,3 persen per 1 Mei lalu, kenaikan listrik, tekanan inflasi global, menurunnya permintaan ekspor, pajak yang tinggi, dan menurunnya daya beli konsumen karena pendapatan terus merosot.


In addition, non-performing loans had also jumped by 25 percent from 5 percent to 6.25 percent of total outstanding loans while the stability index of the financial system had risen to 1.25 percent from 1.21 percent previously, he said.


Selain itu, risiko kredit macet NPL pun telah melonjak sekitar 25 persen dari lima persen menjadi 6,25 persen dan indeks stabilitas sistem keuangan terdorong dari level 1,21 menjadi 1,25 persen.


If the funancial system's stability index approaches the 2-percent level, it is a red signal because it means the economy is in turbulence, he said.


Jika angka indeks stabilitas sistem keuangan sudah mendekati level 2, maka artinya sudah lampu merah, karena menunjukkan adanya gejolak ekonomi, katanya.


Publicly-listed satellite company PT Indosat is seeking a syndicated loan of US$200 million, its deputy president director, Kaizad B. Beerjee, said here on Thursday.


PT Indosat Tbk merencanakan pinjaman sindikasi sebesar 200 juta dolar AS, kata Wakil Direktur Utama Indosat, Kaizad B. Heerjee dalam laporannya keterbukaan informasi, Kamis.


The company had assigned ING Bank NV ING and DBS Bank respectively as arranger and emission underwriter in order to support the company's plan to raise funds through a syndicated loan, he said.


Perusahaan itu telah menunjuk ING Bank NV ING dan DBS Bank sebagai arranger dan penjamin emisi guna mendukung rencana perusahaan untuk memperoleh pendanaan melalui fasilitas pinjaman sindikasi.


The funds to be obtained from the syndicated loan will be used to finance the company's capital expenditures amounting to 1.2 billion dollars.


Dana yang diperoleh dari pinjaman sindikasi ini akan dipergunakan untuk pembiayaan belanja modal perusahaan sebesar 1,2 miliar dolar AS.


The loan will come from four foreign banks, he said.


Pinjaman tersebut berasal dari 4 bank asing, katanya.


He said the loan facility was supported by a green-shoe option which enabled the facility to be increased to up to 100 million dollars.


Dia menambahkan, fasilitas pinjaman dilengkapi dengan opsi greenshoe yang memungkinkan fasilitas ditingkatkan sampai dengan 100 juta dolar AS.


The rupiah fell to a level of close to Rp9,250 per dollar in the Jakarta interbank spot market on Monday morning as investors kept buying up the greenback amidst worries over a continued rise in global crude prices.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Senin pagi, turun tajam mendekati angka Rp9.250 per dolar AS, karena pelaku pasar terus memburu dolar AS, akibat kekhawatiran atas kenaikan harga minyak mentah dunia.


Investors rushed for the dollar as global crude prices are expected to continue to increase to US$140 a barrel at the end of this year, foreign exchange analyst Rully Nova of PT Bank Himpunan Saudara Tbk said on Monday.


Pelaku pasar memburu dolar AS, karena harga minyak mentah akan terus naik hingga mencapai 140 dolar AS sampai akhir tahun ini, kata Analis Valas PT Bank Himpunan Saudara Tbk, Rully Nova di Jakarta, Senin.


The rupiah was also under market pressures due to the dollar's appreciation against the Japanese yen following rumors that the US Federal Reserve would stop lowering its interest rate at its meeting in June, he said.


Menurut dia, rupiah juga mendapat tekanan pasar akibat membaiknya dolar AS terhadap yen yang terpicu oleh anggapan bahwa bank sentral AS The Fed pada pertemuan Juni mendatang akan menghentikan penurunan suku bunga acuan Fed fund.


The Fed was expected to cut its interest rate by only 25 basis points to 2 percent at its meeting later this month, he said.


Pada pertemuan akhir bulan ini, The Fed diperkirakan hanya akan menurunkan suku bunga acuan sebesar 25 basis poin menjadi dua persen dari sebelumnya 2,25 persen, katanya.


He predicted the rupiah would still be under pressures to edge closer to Rp9,300 per dollar because of high negative market pressures although the interest rate in the rupiah still lured foreign investors to do business in the domestic market.


Rupiah, lanjut dia, masih akan terpuruk hingga mendekati angka Rp9.300 per dolar AS, karena tekanan negatif pasar masih tetap tinggi, meski tingkat suku bunga rupiah masih menggiurkan pelaku asing untuk tetap bermain di pasar domestik.


Unless foreign investors put their funds in the domestic market, the rupiah might move farther from a level of Rp9,400 per dollar, he said.


Apabila investor asing tidak menempatkan dananya di pasar domestik, kemungkinan besar rupiah sudah terpuruk tajam jauh di atas angka Rp9.400 per dolar AS, ujarnya.


The much-anticipated cut in the Fed's interest rate was expected to have no significant impact on the movement of the rupiah which is under the pressure of the surging global crude prices, he said.


Ia mengatakan, penurunan suku bunga Fed fund ini juga diperkirakan tidak begitu berpengaruh terhadap pergerakan rupiah yang terimbas oleh kenaikan harga minyak mentah itu.


But Bank Indonesia the central bank's intervention in the money market to prevent the rupiah from falling further had given boost to the local unit, he said.


Rupiah juga masih mendapat dukungan dari Bank Indonesia BI yang masih bermain di pasar untuk menjaga agar mata uang Indonesia itu tidak terpuruk lebih jauh, ucapnya.


Another boost to the rupiah's movement came from the bullish regional share market including Nikkei index which reached an unprecedented level of 14,000 points, up 1 percent, he said.


Selain itu juga, lanjut dia, rupiah masih mendapat dukungan dari membaiknya pasar saham regional seperti indeks Nikkei Jepang untuk pertama kali mencapai 14.000 poin atau naik 1 persen.


However, the positive factors still did little to erase worries on the part of investors who continued to buy up the dollar, he said.


Namun semua faktor positif bagi rupiah tidak mampu menghilangkan kekhawatiran pelaku pasar yang terus membeli dolar AS, katanya.


Rupiah on the Jakarta inter bank spot market on Tuesday morning weakened nearly to the level of Rp9,300 per US dollar as market players were still hunting the greenback while awaiting the issuance of data on the US economy and the upcoming meeting of The Fed.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Selasa pagi, merosot mendekati angka Rp9.300 per dolar AS, karena pelaku masih memburu dolar AS sambil menunggu keluarnya data ekonomi AS dan menjelang pertemuan bank sentral AS The Fed.


Market players mainly those from state electricity company PLN and state oil and gas company Pertamina are still buying US dollars, due to the soaring crude oil price that is expected to strengthen until end of this year, President Director of the Finance Corpindo Edwin Sinaga said on Tuesday.


Pelaku pasar masih membeli dolar AS, terutama dari PLN dan Pertamina, akibat gejolak kenaikan harga minyak mentah dunia yang diperkirakan akan terus menguat hingga akhir tahun ini, kata Dirut Finance Corpindo, Edwin Sinaga di Jakarta, Selasa.


Rupiah weakened to Rp9,237/9,239 on Tuesday morning from Rp9,227/9,239 against US dollar on the previous day, a decrease of 10 points.


Kurs rupiah terhadap dolar AS turun menjadi Rp9.237/9.239 per dolar AS dibanding penutupan hari sebelumnya Rp9.227/9.239 per dolar AS atau melemah 10 poin.


Sinaga said the market was still hit by worries over the unstable crude oil price which was expected to go on, causing the rupiah exchange rate on the domestic market to keep decreasing.


Ia mengatakan, pasar masih dilanda kekhawatiran atas gejolak harga minyak mentah yang diperkirakan akan masih berlanjut, akibatnya rupiah di pasar domestik berlanjut turun.


The crude oil price, he added, continued to soar as workers in the North Sea, Britain, were on strike which might lower its production.


Kenaikan harga minyak mentah yang berlanjut itu, setelah ada aksi mogok kerja di Laut Utara, Inggris diperkirakan akan mengurangi produksinya.


As a result, rupiah would likely till the end of this month continue to plunge to the level of Rp9,300 to US dollar, he added.


Akibatnya rupiah sampai akhir bulan ini akan terus terpuruk menuju ke level Rp9.300 per dolar AS, ujarnya.


The buyers, he said, would still wait for the issuance of data on the American economy which was expected to weaken, and the upcoming meeting of The Fed slated to be held later this month.


Para pelaku, lanjut dia, juga masih akan menunggu data ekonomi AS yang diperkirakan masih melemah dan jelang bank sentral AS The Fed pada akhir bulan ini.


The Fed is expected to cut its interest rate to 25 basis points to 2.00 percent from 2.25 percent, he noted.


The Fed diperkirakan akan menurunkan suku bunganya sebesar 25 basis poin menjadi 2,00 persen, dari sebelumnya 2,25 persen, katanya.


He said the government's ongoing budget deficit would likely hamper the national economic growth, hence some banks had reported that their net profits in the first quarter of this year decreased.


Ia mengatakan, defisit anggaran pemerintah yang terus terjadi juga akan menghambat pertumbuhan ekonomi nasional, apalagi sejumlah perbankan telah memberikan laporan bahwa pertumbuhan laba bersih pada kuartal pertama 2008 menurun.


If the crude oil price continues to be unstable, he added, the government may raise the fuel oil in a bid to reduce the budget deficit.


Apabila gejolak kenaikan harga minyak mentah terus terjadi, maka kemungkinan besar pemerintah akan menaikkan harga bahan bakar minyak dalam upaya mengurangi defisit anggaran pemerintah.


The government, he said, has even been looking for more reserve funds in anticipation of possible unstable food and crude oil prices.


Pemerintah bahkan sedang mencari dana baru untuk cadangan agar gejolak harga bahan pangan dan harga minyak mentah dapat diantisipasi dengan baik, tuturnya.


Meanwhile, US dollar against yen remains stable at 103.3 yen as foreign buyers keep being aware of the market prior to The Fed's meeting.


Sementara itu, dolar AS terhadap yen stabil pada 103,3 yen, karena pelaku asing hati-hati bermain di pasar menjelang pertemuan The Fed.


Publicly-listed cigarette maker PT Gudang Garam Tbk said its net profit in the first quarter of 2008 fell 16.46 percent to Rp336.13 billion from the same period last year.


Perolehan laba bersih PT Gudang Garam Tbk GGRM selama kuartal pertama K I 2008 mengalami penurunan 16,46 persen dibanding periode sama sebelumhya menjadi Rp336,13 miliar.


The drop was the result of a 13 percent rise in sales expenditures to Rp5.84 trillion from Rp5.17 trillion previously, according to the company's quarterly financial report published on Monday.


Dalam laporan keuangan perseroan yang dipublikasikan Senin, nampak penurunan ini lebih disebabkan meningkatnya Beban Pokok Penjualan sebesar 13 persen dari Rp5,17 triliun menjadi Rp5,84 triliun.


Total sales rose 6.5 percent to Rp6.91 trillion from Rp6.48 trillion.


Total penjualan sendiri naik 6,5 persen dari Rp6,48 triliun menjadi Rp6,91 triliun.


However, operating profit dropped 12.54 percent to Rp614.87 billion from Rp702.1 billion.


Selain itu dari sisi operasional, perseroan juga mengalami penurunan kinerja. Perolehan laba usahanya turun 12,54 persen dari Rp702,1 miliar menjadi Rp614,87 miliar.


The drop in net profit caused earnings per share to fall to Rp176 from Rp210 previously.


Penurunan kinerja ini juga berdampak pada laba bersih per saham EPS yang turun dari Rp210 per saham menjadi Rp176 per saham.


The Indonesian Chamber of Commerce and Industry Kadin has expressed support for Bank Indonesia the central bank/BI's decision to raise its key rate or BI Rate by 25 basis points to 8.25 percent.


Kamar Dagang dan Industri Kadin mendukung langkah Bank Indonesia BI yang menaikkan BI rate sebesar 25 basis poin dari sebelumnya 8,00 persen menjadi 8,25 persen.


The BI Rate must be raised slightly indeed to curb the inflation rate and to create a climate conducive for foreign investment, Kadin Chairman MS Hidayat said on the sidelines of a national development planning congress here on Tuesday.


BI rate memang harus dinaikkan sedikit untuk meredam inflasi dan juga agar menarik untuk investor asing, kata Ketua Umum Kadin, MS Hidayat di sela Musyawarah Rencana Pembangunan Nasional Musrenbang tahun 2008 di Jakarta, Selasa.


The inflation rate must be controlled to prevent it from soaring due to the skyrocketing prices of commodities, he said.


Ia mengatakan, inflasi harus dijaga agar tidak terbang karena harga-harga yang melambung tinggi.


BI's board of governors at its meeting on Tuesday decided to raise the BI Rate by 25 basis points to 8.25 percent after the central bank kept it unchanged for four consecutive months since last December, the decision was taken in response to high inflationary pressures and uncertainty about global commodity prices.


Rapat Dewan Gubernur BI Selasa ini memutuskan adanya kenaikan suku bunga BI rate sebesar 25 basis poin dari 8,00 persen menjadi 8,25 persen karena tekanan inflasi yang makin besar dan belum pastinya harga komoditas dunia.


The board believed the factors would influence the prices of commodities in the domestic market.


Rapat Dewan Gubernur BI menilai faktor-faktor itu akan mempengaruhi harga dalam negeri.


Considering that the banking industry is still in good condition, the board of governors at the meeting decided to raise the BI Rate, BI Deputy Senior Governor Miranda S. Goeltom said.


Selain itu dengan mempertimbangkan kondisi perbankan yang masih baik, maka rapat Dewan Gubernur memutuskan untuk menaikkan BI Rate, kata Deputi Gubernur Senior BI, Miranda S. Goeltom yang saat ini menjalankan tugas sebagai Gubernur BI.


Miranda said inflationary pressures were getting stronger particularly because of the rising prices of food in the global market and the higher prices of non-food commodities at home.


Menurut Miranda, tekanan inflasi semakin kuat terutama bersumber dari faktor eksternal terkait dengan tingginya harga komoditas di pasar internasional dan faktor internal terkait dengan masih tingginya harga barang non pangan.


This must be responded to by issuing a tight macro economic policy to preserve macro economic stability and to control inflationary pressures in the days ahead.


Hal ini perlu direspon melalui kebijakan makkro ekonomi yang ketat demi terjaganya stabiltias makro ekonomi dan pengendalian tekanan inflasi ke depan.


In order keep expectations about future developments high, BI will always adjust the BI Rate to the trend in the inflation rate, she said.


Dalam rangka menjaga ekspektasi ke depan, BI akan senantiasa menyesuaikan BI Rate berdasarkan arah perkembangan inflasi, katanya.


The on-month inflation rate in April was recorded at 0.57 percent, bringing the year-on-year inflation rate to 8.96 percent compared to 8.17 percent a month earlier.


Inflasi bulan April 2008 tercatat sebesar 0,57 persen month to month, dan secara tahunan sebesar 8,96 persen. Angka itu cukup tinggi dibandingkan angka inflasi pada Maret 2008 yang mencapai 8,17 persen.


PT Astra International Tbk ASII has bought 280,731,333 shares in PT United Tractors Tbk UNTR.


Selaku pembeli siaga stanby buyer PT Astra International Tbk ASII telah membeli 280.731.333 saham baru rights issue yang diterbitkan PT United Tractors Tbk UNTR.


Through a rights issue making it a 58.54-percent stakeholder in the heavy-duty equipment maker, an UNTR executive said.


Dengan pemebelian tersebut kini ASII memiliki 58,54 persen saham UNTR.


Total UNTR shares held by ASII now reaches 1,947,604,150 which is equal to 58.54 percent, UNTR's investor relations manager Ari Setiyawan said here on Monday.


Total jumlah saham ASII di UNTR sekarang sebanyak 1.947.604.158 saham atau setara dengan 58,45% saham, kata Investor Relations UNTR, Ari Setiyawan, di Jakarta Senin.


Before the rights issue ASII share ownership in the UNTR was only 1,666,872,825 which was equal to 58.45 percent with the rest belonging to other parties and the public.


Sebelum mengeksekusi saham rights issue UNTR, kepemilikan ASII di UNTR sebanyak 1.666.872.825 saham atau setara dengan 58,45 persen, sedangkan sisanya sebesar 41,55 persen dimiliki pihak lain termasuk publik.


Under the rights issue the ASII, as a standy buyer, bought shares that were not taken by other public sharesholders totalling 280,731,333.


Dalam rights issue tersebut, ASII mengeksekusi sisa saham yang tidak diambil oleh pemegang saham publik lainnya sebanyak 280.731.333 saham.


Total funds spent by the company to execute the right reached Rp2.105 trillion, he said.


Total dana yang dikeluarkan perseroan untuk eksekusi tersebut mencapai Rp 2,105 triliun, katanya.


Last week the UNTR completed the rights issue execution of 475,268,183 shares at a price of Rp7,500 per share or totally worth Rp3.564 trillion.


Pekan lalu, UNTR baru saja merampungkan rights issue sebanyak 475.268.183 saham di harga Rp 7.500 atau total senilai Rp 3,564 triliun.


ASII had acted as a standby buyer.


ASII bertindak sebagai pembeli siaga standby buyers.


The UNTR would use the proceeds from the sale totaling Rp3.564 trillion to pay its debts 30 pct, acquire a coal mine 55 PCT and as a working capital 15 pct.


Dana hasil rights issue UNTR sebesar Rp 3,564 triliun tersebut rencananya akan digunakan untuk melunasi utang 30 persen, akuisisi tambang batubara 55 persen dan modal kerja 15 persen.


Minister of State Enterprises BUMN Sofyan Djalil predicted here Sunday that Krakatau Steel's Initial Public Offering IPO would be possible by the end of 2008 if the stock market in Indonesia rebounds.


Menneg BUMN Sofyan Djalil memperkirakan rencana penjualan saham perdana IPO PT Krakatau Steel dapat dilakukan sebelum akhir 2008, jika pasar saham di dalam negeri kembali membaik  rebound .


If the stock market rebounds just like last week and may continue until the end of the year, it is not impossible that Krakatau Steel's IPO will be realized, Djalil said after inspecting the preparations of PT Indonesia Ferry to anticipate the annual exodus of people for the Idul Fitri holidays.


Kalau pasar saham rebound seperti pekan lalu dan berlanjut hingga akhir tahun, bukan tidak mungkin IPO KS akan terealisasi, kata Menneg BUMN Sofyan Djalil, usai meninjau kesiapan fasilitas PT Indonesia Ferry melayani penyeberangan antisipasi arus mudik Lebaran, di Pelabuhan Merak, Banten, Minggu.


On September 18, legislators approved the IPOs of steelmaker PT Kratakau Steel, national flag carrier PT Garuda Indonesia and savings bank PT Bank Tabungan Negara.


Sebelumnya 18/9, Komisi XI DPR menyetujui tiga BUMN IPO yaitu Krakatau Steel, Bank Tabungan Negara dan Garuda Indonesia.


The House's Commission XI authorized the government to sell a 30 percent stake in Krakatau Steel with a projected income of Rp3 trillion to Rp4 trillion.


PT Krakatau Steel yang sahamnya 100 persen saham dimiliki pemerintah disetujui IPO maksimal 30 persen dengan target penerimaan Rp3 triliun-Rp4 triliun.


The proceeds of the state company will be used as part of Rp 16.41 trillion earmarked for the company's expansion plan to boost production capacity, to be implemented over the next two to three years up to 2010.


IPO produsen baja ini dimaksudkan untuk mendukung rencana pengembangan usaha yang memerlukan dana sekitar Rp16,4 triliun dalam tiga tahun atau hingga 2010.


State-owned construction company PT Adhi Karya Tbk ADHI intends to pull out from the Jakarta Monorail JM project because no progress is being made in its realization and not enough funds seem to be available for it, a spokesman said.


Perusahaan kontraktor BUMN, PT Adhi Karya Tbk ADHI berniat keluar dari proyek Jakarta Monorail JM, karena proyek JM ini belum ada kemajuan dan kekurangan dana, selain terkendala kebijakan Pemda DKI yang lebih memprioritaskan proyek kereta bawah tanah subway.


Another reason was that implementation of the project was being constrained by the Jakarta City administration's apparent preference to build a subway system, Kurnadi Gularso, ADHI's corporate secretary, said here Thursday.


Proyek monorail memang sedang kekurangan dana, jika pendanaan tidak diperoleh kami berencana melepas seluruh kepemilikan saham, kata Sekretaris Perusahaan ADHI, Kurnadi Gularso di Jakarta, Kamis.


At present ADHI was studying ways to sell its 30.1 stake, equivalent to 1.94 million US dollars, in the JM project, he added.


Kurnadi mengatakan perseroan saat ini sedang melakukan pengkajian kemungkinan melepas kepemilikan sahamnya di JM sebanyak 30,1 persen atau setara dengan 1,94 juta dolar AS.


Kurnadi said the JM project was still facing financing problems.


Kurnadi mengatakan, pendanaan proyek JM juga masih mengalami kendala.


The whole project was capitalized at 480 million US dollars but until now it had remained uncertain where about 144 million US dollars of the amount would come from.


Hingga saat ini sekitar 144 juta dolar AS yang merupakan porsi ekuitas bersama dari nilai proyeknya sekitar 480 juta dolar AS belum dipastikan sumber pendanaannya.


The project was also to be supported with external financing to the tune of 336 million US dollars but in this respect too there was as yet no clear or firm prospect, he said.


Begitu halnya dengan pendanaan dari luar eksternal yang ditargetkan dapat diperoleh sebesar 336 juta dolar AS juga belum jelas.


Bank BNI is currently negotiating the capitalization of a new shariah bank it has agreed to set up in Indonesia in partnership with the Islamic Corporation for the Private Sector ICD, the bank's chief said.


BNI Syariah ditargetkan akan beroperasi dengan modal sebesar Rp4,5 triliun dengan melepas persentasi saham terbesar kepada investor asing.


Bank BNI's target in the talks was for the planned shariah bank to be capitalized at US$500 milllion or Rp4.5 trillion with BNI holding only a minority stake, Bank BNI President Director Gatot M Suwondo said here Friday.


Dirut BNI GAtot M Suwondo di Jakarta, Jumat mengatakan, pihaknya sampai saat ini masih terus bernegosiasi mengenai modal ini dengan Islamic Corporation for The Private Sector ICD yang akan menjadi mitra BNI mendirikan BNI Syariah.


If the negotiations are successful, the shariah bank's capital will reach US$500 million or about Rp4.5 trillion.


Kalau negosiasi berhasil, modalnya bisa mencapai 500 juta dolar AS atau sekitar Rp4,5 triliun.


Thereby it will be the shariah bank with the largest capital in the country, he said.


Ini akan jadi bank syariah bermodal terbesar di Indonesia, katanya.


Bank BNI and ICD signed a Memorandum of Understanding MoU in October 2007 to study the possibility of establishing a shariah bank as a joint venture with Bank BNI's shariah unit serving as the embryo.


Sebelumnya, BNI dan ICD sudah melakukan nota kesepahaman pada Oktober 2007 yang menyatakan persetujuan kedua belah pihak untuk mengkaji pembentukan bank syariah baru yang berbentuk 'joint venture bank' dari unit syariah yang ada di BNI.


The shariah bank would be co-owned by the Islamic Development Bank IDB and was therefore expected to generate benefits for BNI and the Indonesian public in general.


Sebagai badan yang dimiliki oleh Badan Pembangunan Islam IDB diharapkan bank syariah baru ini akan memberikan kontribusinya bagi BNI dan masyarakat Indonesia umumnya.


Suwondo said BNI had decided to be just a minority shareholder in the joint shariah bank so that BNI would not need to spend too much on its participation in the bank and more foreign capital could be attracted.


Gatot menjelaskan, BNI telah memutuskan untuk hanya menjadi pemegang saham minoritas dari bank syariah baru itu, agar BNI tidak mengeluarkan dana besar untuk menambah modal bank syariah itu dan agar menarik investasi yang lebih besar dari luar negeri.


I hope the negotiations with ICD can be finalized this month so that we can proceed to implement the next phase of the plan, Suwondo added.


Bulan ini saya harapkan negosiasinya sudah bisa final dan kita bisa teruskan ke tahap selanjutnya, kata Gatot.


The rupiah weakened to over Rp9,150 per dollar in the Jakarta interbank spot market on Monday morning as investors bought the dollar after the greenback strengthened in the global market.


Kurs rupiah terhadap dolar AS di pasar spot antar-bank Jakarta, Senin pagi melemah di atas angka Rp9.150 per dolar AS, karena mata uang Amerika Serikat itu di pasar global menguat akibat aksi beli pelaku asing yang diikuti pelaku lokal.


The rupiah traded at Rp9,156/9,160 per dollar compared to Rp9,143/9,146 per dollar at the weekend, down 13 points.


Nilai tukar rupiah melemah menjadi Rp9.156/9.160 per dolar AS dibanding penutupan akhir pekan lalu Rp9.143/9.146 per dolar AS atau turun 13 poin.


Money market observer Edwin Sinaga said the rupiah came under pressure following a US$6 fall in global crude prices to US$114.35 a barrel due to low demand.


Pengamat pasar uang, Edwin Sinaga di Jakarta mengatakan, rupiah tertekan pasar, akibat merosotnya harga minyak mentah dunia sebesar 6 dolar AS lebih menjadi 114,35 dolar AS per barel.


Investors rushed for the dollar on speculation the European Central Bank ECB would cut its interest rates to boost sluggish economic growth, he said.


Turunnya harga minyak mentah dunia itu, akibat melemahnya permintaan pasar global, ujarnya.


Consequently, the dollar strengthened against the euro, he said.


Akibatnya dolar AS menguat terhadap mata uang Eropa, Euro, ucapnya.


The dollar's exchange rate against the yen also rose to 110.25 from 110.01.


Dolar AS terhadap yen naik menjadi 110,25 dari 110,01, Euro juga turun terhadap dolar AS menjadi 1,4736 dari 1,4736 dan euro terhadap yen menjnadi 162,43 dari 162,64.


Edwin predicted the rupiah would come under constant pressure on Monday because of high positive sentiments for the dollar.


Ia mengatakan, rupiah pada Senin 25/8 kemungkinan masih tetap tertekan, karena faktor positif terhadap dolar AS masih sangat tinggi.


The market would still likely focus on the dollar buyups that would cause the greenback to strengthen on Monday evening, he said.


Pasar kemungkinan masih terfokus oleh aksi beli dolar AS yang mendorong mata uang asing itu kembali menguat pada sore nanti, katanya.


But he added that the local unit still had a great chance to strengthen despite low demand for retail state bonds bearing the serial number of 005.


Menurut Edwin Sinaga, peluang rupiah untuk kembali naik masih tetap tinggi, meski penawaran obligasi pemerintah melalui ORI Seri 005 kepada masyarakat cenderung kurang ramai yang menunjukkan permintaan masyarakat agak lesu.


The inflow of foreign capital particularly from the Middle East would give a boost to the rupiah, he said.


Namun dengan masuknya perusahaan dari Timur Tengah, Qitel yang diperkirakan diikuti oleh perusahaan lain dari kawasan itu maka posisi rupiah akan kembali membaik, katanya.


The rupiah had earlier hit Rp9,080 per dollar but it later plunged to near Rp9,200 per dollar.


Rupiah sebelumnya sempat mencapai angka Rp9.080 per dolar AS, namun kembali terpuruk hingga mendekati angka Rp9.200 per dolar AS dan sampai saat ini berada di atas angka Rp9.150 per dolar AS.


The National Development Planning Agency Bappenas has predicted the 2009 general elections will have no impact on inflation so that the country's inflation rate target of 6.5 percent for next year can be achieved.


Badan Perencanaan Pembangunan Nasional Bappenas memperkirakan laju inflasi pada 2009 tidak akan terpengaruh oleh penyelenggaraan kegiatan Pemilihan Umum 2009 sehingga target inflasi 6,5 persen diharapkan tetap tercapai.


To anticipate high inflation next year, the government would make every effort to ensure smooth distribution of goods and preserve political stability, Slamet Senoadji, deputy for economic affairs to the state minister of national development planning/Bappenas chief, said here on Monday.


Deputi bidang Ekonomi Kemeneg PPN/Bappenas Slamet Senoadji di Jakarta, Senin, mengatakan, untuk mengantisipasi potensi inflasi tahun depan, pemerintah bakal memaksimalkan aspek distribusi dan stabilitas politik.


The key lies in two factors : smooth distribution of goods and political stability. And God willing, we can achieve them, he said.


Kuncinya di dua faktor itu, distribusi yang terjamin dan stabilitas politik. Dan itu, Insya Allah bisa kita capai, katanya.


He said the government would learn from the 2004 polls which according to Bappenas' record did not affect the inflation in that year.


Dia menyebutkan, pemerintah akan belajar pada pemilu 2004 yang menurut catatan Bappenas, tidak mempengaruhi laju inflasi saat itu.


In the draft 2009 state budget, the government has set the inflation rate target for 2009 at 6.5 percent.


Dalam Nota Keuangan dan RAPBN 2009, pemerintah memproyeksikan laju inflasi mencapai level 6,5 persen.


which is the same as the inflation rate forecast quoted in the revised 2008 state budget.


Angka ini sama dengan perkiraan laju inflasi 6,5 persen pada APBNP 2008, meski laju


Meanwhile, the on-year inflation rate in July 2008 reached 11.9 percent.


inflasi Juli year on year mencapai 11,9 persen.


Publicly-listed telecommunications operator PT Bakrie Telecom Tbk BTEL said on Monday its net profit in the first half of 2008 jumped 59.5 percent to Rp62.4 billion from a year earlier, fueled by an increase in the number of customers.


Perolehan laba bersih PT Bakrie Telecom Tbk BTEL pada semester I/2008 naik 59,5 persen menjadi Rp62,4 miliar dibandingkan periode yang sama 2007 sebesar Rp39,1 miliar, dipicu oleh meningkatnya jumlah pelanggan.


The number of BTEL customers in the first semester of 2008 rose almost one-and-a-half fold or 141.9 percent compared to the same period last year, BTEL Finance Director Jastiro Abi said.


Jumlah pelanggan BTEL pada semester I/2008 tercatat mengalami peningkatan hampir 1,5 kali lipat atau 141,9 persen dibanding periode yang sama tahun lalu, kata Direktur Keuangan BTEL Jastiro Abi di Jakarta Senin.


The number of BTEL customers rose to 5.4 million in the first half of 2008 from 2.2 million in the same period last year.


Abi mengatakan, pada periode itu jumlah pelanggan BTEL tercatat 5,4 juta pelanggan atau naik dibandingkan periode yang sama tahun lalu sebesar 2,2 juta pelanggan.


The Supreme Audit Board BPK could not audit state monetary policies, BPK auditor Sukoyo said here on Monday.


Auditor Utama Keuangan Negara III Badan Pengawas Keuangan BPK Sukoyo, Senin.


Under the law on state finances, BPK can not audit monetary policies, as the board is only allowed to audit the financial reports on Bank Indonesia's cash flow, he said.


UU Keuangan Negara bahwa BPK tidak bisa melakukan audit kebijakan moneter, karena BPK hanya boleh memeriksa laporan keuangan saja, katanya saat menjadi pembiacara pada Dialog Nasional tentang Aliran Dana Bank Indonesia di Jakarta, Senin.


If there auditing has been conducted by outsiders, it could be done at the request of the House of Representatives DPR.


Menurut Sukiyo, seandainya ada audit BPK di luar keuangan, itu atas permintaan Dewan Perwakilan Rakyat DPR.


Performnace and other relevant matters could be audited by BPK on the request of the House, he said.


Kinerja dan hal yang terkait bisa di audit oleh BPK jika diminta oleh DPR, katanya.


As to the unravelling of a case on the cash low from Bank Indonesia central bank to the several lawmakers, the scandal surfaced not because of the bank's financial report, but as it was directly received from the financial report of the Indonesian banking education foundation YPPI established by Bank Indonesia.


Sementara mengenai kasus aliran dana BI ke DPR yang diungkap oleh BPK, hal itu bukan dari laporan keuangan BI, melainkan dari laporan keuangan YPPI Yayasan Pendidikan Perbankan Indonesia, yayasan yang didirikan oleh BI.


We auditted the foundation's financial report very carefully and an auditing is conducted on the fact that the foundation is established by Bank Indonesia, so that it has nothing to do with the bank's financial report, he said.


Tentang audit YPPI ini, Sukoyo mengaku sangat berhati-hati, karena harus mencari hubungannya dengan dengan laporan keuangan BI.


Sukoyo further disclosed that the uncovery of the cashflow from BI was started with an asset like a plot of land belonging to the bank in Kemang, South Jakarta.


Sukoyo menceritakan bahwa terungkapnya aliran dana BI ini berawal dari aset tanah milik BI yang ada di Kemang, Jakarta Selatan.


On the land owned by BI, there are some buildings which do not belong to BI but YPPI the bank's foundation which eventually caused the cash flow from BI amounting to Rp100 billion to the House to surface.


Di lahan milik BI ini berdiri bangunan yang bukan miliknya, melainkan milik YPPI. Namun keberadaan bangunan tersebut tidak terdapat di laporan keuangan BI.


The remarks were made by Sukoyo in response to a statement of Center of Bank Crisis' Director CBS saying that BPK could only uncover things in the financial report, but offences like corruption caused by monetary policies could not be uncovered.


Hal itu menimbulkan kecurigaan BPK lalu melakukan audit laporan keuangan YPPI, dan terungkaplah aliran dana dari BI tersebut


The government is optimistic the country's economic growth will reach the target figure of 6.2 percent in 2009, Finance Minister Sri Mulyani Indrawati said.


Pemerintah menyatakan optimismenya bahwa target pertumbuhan ekonomi sebesar 6,2 persen pada 2009 akan tercapai dengan mempertimbangkan berbagai kondisi terakhir.


The government is optimistic the economic growth rate target of 6.2 percent for 2009 will be achieved, the minister said here on Tuesday.


Kami sampaikan bahwa pemerintah optimis mengenai tercapainya target pertumbuhan ekonomi sebesar 6,2 persen dalam tahun 2009, kata Menteri Keuangan Menkeu Sri Mulyani Indrawati


The minister made the statement when giving the government's answers to general comments made by political party factions in the House of Representatives DPR on the Draft 2009 State Budget at a House plenary session here Tuesday.


ketika menyampaikan jawaban pemerintah atas pemandangan umum fraksi-fraksi atas APBN tahun anggaran 2009 dalam rapat paripurna DPR di Jakarta, Selasa.


She said the government's optimism was based on the economic growth rate figures achieved in the past eight quarters which averaged more than six percent.


Menurut Menkeu, optimisme itu didasarkan oleh pencapaian laju pertumbuhan ekonomi delapan triwulan terakhir yang telah mencapai di atas enam persen.


The non-oil/non-gas gross domestic products GDP which constituted the economic pulse of most of the people had last year even risen to almost seven percent.


Bahkan PDB non migas, yang menjadi denyut nadi kehidupan ekonomi sebagian rakyat Indonesia, tumbuh mendekati tujuh


Mulyani said to spur the performance of the real sector, the government had adopted various policies as laid down in Presidential Instruction Inpres No 5/2008 , and continue to issue more such policies.


Untuk mendorong kinerja sektor riil, pemerintah telah dan akan mengeluarkan berbagai kebijakan, terangkum dalam Inpres 5/2008, kata Menkeu dalam rapat yang dipimpin Ketua DPR Agung Laksono.


The main points of the presidential instruction included the improvement of the investment climate by among other things amending the law on income tax PPh and value-added tax PPN, and acceleration of infrastructure development through , for instance, the building of thermal power pants with a combined capacity of 10,000 KW and implementing the Economic Partnership Agreement EPA.


Pokok kebijakan itu antara lain perbaikan iklim investasi seperti amandemen UU PPh dan PPN, percepatan pembangunan infrastruktur antara lain proyek listrik 10.000 MW, dan economic partenership agreement EPA.


Although we are making various efforts, we are aware that we are also facing uncertainties, the minister said.


Walau berbagai upaya dilakukan, namun kami tetap menyadari bahwa ketidakpastian masih bersama kita, kata Menkeu.


She said the main constraints in the implementation of the state budget were uncertainties, instability and economic fluctuations on national as well as global scale.


Unsur ketidakpastian, ketidakstabilan dan fluktuasi perekonomian baik skala nasional maupun global merupakan hambatan palin besar dalam perencanaan APBN.


The minister said the government had also carefully assessed, from the domestic and global viewpoints, various indications and changes which could significantly affect the national economy and the state budget.


Pemerintah telah mengkaji dengan seksama berbagai gejala perubahan dari sisi domestik maupun global, yang mungkin memberikan pengaruh signifikan terhadap perekonomian nasional dan APBN.


In order to anticipate uncertainties, instability and economic fluctuations, the government had set aside reserves to ensure that the programs provided for in the 2009 state budget would be carried out, she said.


Pemerintah menyediakan cadangan untuk mengantisipasi ketidakpastian, ketidakstabilan, dan fluktuasi ekonomi sehingga berbagai program pembangunan nasional dalam RAPBN 2009 dapat terlaksana.


The government has prepared funds and anticipatory steps, the minister said.


Pemerintah telah menyediakan dana dan menyiapkan langkah-langkah antisipasi, katanya.


Increasing the price of liquefied petroleum gas LPG in 12-kg and 50-kg cylinders on the occasion of the fasting month was not the right time, as the August inflation was higher than predicted.


Momen kenaikan harga elpiji ukuran 12 kg dan 50 kg dinilai salah karena berbarengan dengan menjelang bulan puasa serta hari raya sehingga inflasi pada Agustus berpotensi melebihi inflasi bulan sebelumnya dan mengancam target inflasi keseluruhan tahun, 11-12 persen.


This condition would affect the projected inflation of 11 to 12 percent, Head of the Central Bureau of Statistics BPS Rusman Heriawan said here, on Wednesday.


Kalau kenaikan secara gradualnya memang pengaruhnya tidak besar, tetapi itu kan teorinya karena 'multiplier effect'-nya yang tidak dapat dipastikan, kata Kepala Badan Pusat Statistik BPS Rusman Heriawan di Jakarta, Rabu.


Even now that the price increase has yet to be set, the price of PLG has become uncontrollable, so that state oil company Pertamina's price for the market became unclear, especially for places outside Java.


Apalagi, tambahnya, sebelum kenaikan dipastikan harga sudah liar sehingga harga patokan dari Pertamina menjadi tidak jelas di pasaran, terutama di wilayah luar Jawa.


According to the BPS, the July inflation reached 1.37 percent, while the January-July inflation stood at 8.85 percent, and the year-on-year inflation reached 11.9 percent.


BPS mencatat inflasi bulanan pada Juli sebesar 1,37 persen, sedangkan inflasi tahun kalender Januari-Juli tercatat sebesar 8,85 persen dan inflasi year on year 11,9 persen.


He reminded that the weight of LPG and kerosene as fuel for household use based on the inflation tray reached 2.15 percent, not to mention long term affect on food industries.


Dia mengingatkan, bobot elpiji bersama minyak tanah sebagai bahan bakar konsumsi rumah tangga dalam perhitungan baki inflasi adalah sebesar 2,15 persen, belum lagi efek jangka panjangnya yang dipastikan terjadi pada industri makanan jadi.


He also said that if Pertamina wanted once again to raise the price of LPT in 12-kg and 50-kg containers, it should not be done in the next two months September and October as in these two months the inflation rate had been predicted to increase significantly.


Ditambahkannya, jika Pertamina ingin kembali menaikkan harga elpiji ukuran 12 kg dan 50 kg, maka hendaknya jangan dilakukan pada dua bulan mendatang, yaitu September dan Oktober, mengingat ekspektasi inflasi yang sangat tinggi pada dua bulan tersebut.


BPS predicted that the LPG price increase may seriously affect the government kerosene-to-LPS conversion in a bid to reduce oil subsidy.


Kekhawatiran terbesar BPS, ujar Rusman, adalah kenaikan tersebut akan membuyarkan kebijakan pengalihan minyak tanah ke elpiji yang saat ini tengah digencarkan pemerintah untuk mengurangi subsidi BBM.


Now consumers who normally use LPG in 12-kg cylinders, would turn to subsidized 3-kg containers, and this change may eventually cause a serious lack of LPG in 3-kg containers, he said.


Konsumen yang biasa menggunakan elpiji 12 kg akan mengalihkan sumber bahan bakarnya pada elpiji 3 kg yang disubsidi pemerintah. Nantinya ini akan menimbulkan kelangkaan baru yaitu tabung elpiji 3 kg, katanya.


If this happened, Rusman said, Pertamina would lose a great deal of additional revenue from the a gas price hike, poor people especially in Java, would have problems to get kerosene, because the supply of this fuel would be reduced.


Jika itu yang terjadi, tambah Rusman, Pertamina dipastikan tidak akan memperoleh tambahan penerimaan dari kenaikan harga elpiji tersebut.


poor people especially in Java, would have problems to get kerosene, because the supply of this fuel would be reduced.


Masyarakat miskin juga akan semakin sulit, terutama yang di Jawa, karena pasokan minyak tanah sudah sangat dikurangi, jelasnya.


On Monday, Pertamina increased the prices of LPG in 12-kg and 50-kg containers respectively to Rp69,000 and Rp362,750 from Rp63,000 to Rp343,900.


Pada Senin kemarin 25/8, PT Pertamina menaikkan harga elpiji kemasan 12 kilogram dan 50 kilogram. Elpiji 12 kilogram naik dari Rp 63.000 per tabung menjadi Rp 69.000 per tabung, sedangkan elpiji 50 kilogram dari Rp 343.900 per tabung menjadi Rp 362.750 per tabung.


Previously the prices of LPG already rose to Rp5,250 from Rp4,250 per kg early in July, 2008, while LPG in three kg containers was sold at Rp15,000.


Padahal sebelumnya, harga elpiji kemasan 12 kilogram telah naik dari Rp 4.250 per kilogram menjadi Rp 5.250 per kilogram pada 1 Juli 2008.


The government will conduct semestral evaluations of the restructurization of local clean water companies PDAM's debts to ensure the program is carried out according to good financial management principles, a minister said.


Pemerintah akan melakukan evaluasi tiap enam bulan atas pelaksanaan restrukturisasi utang PDAM untuk menjamin pelaksanaannya mengikuti prinsip-prinsip pengelolaan keuangan negara.


There must be a review every six months which means that in January 2009, I will get a report from my director general on what has happened, which PDAMs have made progress and which ones have not, Finance Minister Sri Mulyani Indrawati said here Wednesday.


Harus ada review setiap enam bulan, berarti nanti Januari 2009 saya minta ada laporan dari dirjen mengenai apa yang terjadi, mana PDAM yang mengalami kemajuan dan mana yang tidak, kata Menteri Keuangan Sri Mulyani Indrawati di Jakarta, Rabu.


It should not be misinterpreted that under the scheme, I am rewarding badly performing PDAMs and ignoring well performing ones, she said.


Jangan ini diartikan bahwa dengan PMK ini saya memberikan reward kepada PDAM yang buruk dan mendiamkan PDAM yang berkinerja baik, katanya.


As per June 30, 2008, 175 clean water companies in Indonesia had a backlog of debts totaling Rp4.65 trillion made up of Rp1.5 trillion in principal and Rp3.1 trillion in non-principal debt.


Tunggakan utang PDAM per 30 Juni 2008 mencapai Rp4,65 triliun yang berasal dari 175 PDAM. Jumlah itu terdiri dari utang pokok Rp1,5 triliun dan non pokok bunga, denda, dan lainnya Rp3,1 triliun.


The debt restructurization would be conducted through a debt-to- investment scheme or write-offs of non-principal debt.


Pemerintah merestrukturisasi utang tersebut dengan melakukan debt to investment atau bahkan menghapuskannya khusus untuk yang non pokok.


The minister dismissed criticism that the scheme would reward poorly performing companies, saying she would evaluate whether the restructurization program was encouraging problematic companies to improve their capability to invest.


Menkeu menolak kalau hal itu dikatakan sebagai hadiah untuk PDAM yang berkinerja buruk. Justru, ia akan melihat apakah penghapusan utang tersebut mampu mendorong PDAM yang bermasalah bisa melakukan investasi dengan baik.


We will reward well-performing companies by giving them greater Special Allocation Fund DAK amounts, the minister said.


Sementara, bagi PDAM yang berkinerja baik, akan kami berikan hadiah dalam bentuk Dana Alokasi Khusus yang meningkat, ucap Menkeu.


Meanwhile, the chairman of the Association of Indonesian Drinking Water Companies Perpamsi, Achmad Mardju Kodri, said the PDAMs' debt backlog of Rp4.65 trillion consisted of carry-overs from the companies' managements in the economic crisis in 1997.


Sementara itu Ketua Umum Persatuan Perusahaan Air Minum Seluruh Indonesia Perpamsi, Achmad Mardju Kodri mengatakan, utang sebesar Rp4,65 triliun yang kini ditanggung 175 PDAM merupakan warisan masa lalu. Utang yang ditanggung PDAM saat ini adalah warisan dari masa krisis ekonomi 1997 silam, kata Mardju Kodri.


The debt restructurization program would allow PDAMs to focus on development of the drinking water industry and expand their businesses optimally.


Pihaknya menyambut positif atas upaya pemerintah untuk menyehatkan PDAM. Dengan restrukturisasi dan penghapusan utang, maka PDAM dapat fokus kepada percepatan pembangunan sektor air minum. PDAM juga dapat mengembangkan usaha dengan lebih optimal.


The debt restructurization program will help PDAMs to reach the target of 10 million clean water pipe connections over the next three years, he said.


Program penghapusan dan restrukturisasi utang tersebut dapat membantu PDAM mengejar target 10 juta sambungan pipa air bersih dalam tiga tahun ke depan, katanya.


International Finance Corporation IFC, the World Bank's private investment arm, said its total investment in Indonesia now reaches more than US$700 million and expressed hope the figure will double in the next few years.


Perusahaan pembiayaan internasional International Finance Corporation/IFC mengungkapkan total investasinya di Indonesia hingga saat ini telah mencapai lebih dari 700 juta dolar AS dan diharapkan dalam beberapa tahun ke depan, investasi itu bisa berlipat ganda.


IFC Country Manager for Indonesia Adam Sack said on Wednesday the company had so far invested in a number of domestic banks such as Bank Danamon and Bank BII.


Kepala Perwakilan IFC untuk Indonesia Adam Sack di Jakarta, Rabu, mengatakan, selama ini pihaknya telah berinvestasi melalui penanaman modal di beberapa perbankan nasional, seperti Bank Danamon dan Bank BII


We have provided long-term loans to Danamon to help it extend more loans to SMEs. The same is also true with Bank BII through its subsidiary, WOM, he said.


Kami memberikan pembiayaan jangka panjang untuk Danamon untuk membantu bank itu memberi pembiayaan yang lebih besar pada UKM. Demikian juga dengan Bank BII dengan anak perusahaannya WOM Wahana Ottomitra Multiartha, katanya.


IFC's investment in the two banks currently reached more than US$300 million, he said.


Sedangkan jumlah investasi pada kedua bank tersebut, katanya, mencapai lebih dari 300 juta dolar AS.