The fuel subsidy in the state budget will amount to Rp198.7 trillion if the crude price in the world market reaches US$150 per barrel at the end of 2008, Finance Minister Sri Mulyani said.


Subsidi bahan bakar minyak BBM dalam APBN akan membengkak menjadi Rp198,7 triliun jika harga minyak mencapai 150 dolar AS per barel.


We have done a simulation to see the position of the state budget if the crude price in the world market reaches US$135 and US$150 per barrel, the minister told the Financial Affairs Commission of the House of Representatives DPR on Wednesday night.


Kami melakukan beberapa exercise jika harga minyak mencapai 135 dan 150 dolar AS per barel, untuk melihat bagaimana postur APBN bergerak, kata Menteri Keuangan Sri Mulyani Indrawati dalam rapat kerja Komisi XI DPR di Jakarta, Rabu malam.


She said the official formulation for the state budget in 2008 her ministry had submitted to the DPR was made with the average price assumption of US$110 per barrel.


Menurut Menkeu, exercise resmi yang sudah disampaikan kepada DPR bersubsidi adalah untuk asumsi harga minyak mencapai 110 dolar AS per barel selama 2008.


The US$110 per barrel is an average price assumption for 2008 where the average price of oil from now until the end of the year is set at US$120 per barrel, she said.


Asumsi harga minyak sebesar 110 dolar AS per barel itu merupakan asumsi harga rata-rata selama 2008, di mana rata-rata harga minyak dari saat ini hingga akhir tahun mencapai 120 dolar AS per barel, kata Menkeu.


But if the average price of oil from now until the end of 2008 was US$135 per barrel this meant that the average price for the whole year would be US$122 per barrel.


Namun jika rata-rata realisasi dari saat ini hingga akhir tahun mencapai 135 dolar AS per barel maka rata-rata harga minyak selama 2008 adalah 122 dolar.


Or, if it reached US150 per barrel, the average price of oil in the whole year of 2008 would be US$134 per barrel, the minister said.


Sementara jika harga minyak mencapai 150 dolar AS per barel maka rata-rata selama 2008 akan mencapai 134 dolar per barel.


She said fluctuations in the price of crude in the world market would affect the state budget.


Menurut Menkeu, pergerakan harga minyak akan berpengaruh kepada postur APBN terutama subsidi BBM.


If the average price of oil in the world market reaches US$150 per barrel at the end of the year, the fuel subsidy in the state budget will reach RP198.7 trillion, she said.


Kalau rata-rata harga minyak saat ini hingga akhir tahun mencapai 150 dolar AS per barel maka subsidi BBM akan mencapai Rp198,7 triliun.


The minister said the amount was far bigger than the official amount that had been proposed to the DPR.


Jumlah itu jauh lebih besar dari skenario yang sudah resmi diajukan ke DPR Rp132 triliun, kata Menkeu.


She said the government would keep on maintaining the state budget deficit at 2.1 percent of the gross domestic product, although the oil price scenario reached US$150 per barrel.


Ia menyebutkan, pemerintah akan tetap menjaga agar defisit APBN tidak lebih dari 2,1 persen dari PDB meskipun dengan skenario harga minyak melonjak hingga 150 dolar AS per barel.


Previously, at a meeting with the DPR's Budgetary Committee on Monday, the government predicted the realization of the state budget deficit up to the end of the year would reach RP82.3 trillion or 1.8 percent of the gross domestic product.


Sebelumnya dalam rapat kerja di Panitia Anggaran DPR pada Senin 2/6, pemerintah memperkirakan bahwa berdasar pertimbangan kondisi terakhir hingga Mei 2008, realisasi defisit selama tahun anggaran 2008 akan mencapai Rp82,3 triliun atau 1,8 persen dari PDB.


Indonesia's net foreign exchange reserves fell 2.2 percent to US$57.464 billion at the end of May from US$58.770 billion a month earlier, the central bank Bank Indonesia -BI said on Thursday.


Cadangan devisa bersih Indonesia turun 2,2 persen menjadi 57,464 miliar dolar AS Rp342,886 triliun pada akhir Mei 2008 dari 58,770 miliar dolar AS Rp351,440 triliun pada akhir April 2008, demikian data Bank Indonesia BI di Jakarta, Kamis.


In the meantime, primary money in circulation in that period increased to Rp333.996 trillion from Rp324.186 trillion following an increase in the circulation of banknotes and coins based on the BI's balance of accounts.


Sementara uang primer dalam periode tersebut meningkat menjadi Rp333,996 triliun dari Rp324,186 triliun, menyusul meningkatnya uang kertas dan uang logam yang diedarkan serua saldo giro bank di BI.


According to the BI, bank notes and coins in circulation increased from Rp202.477 trillion at the end of April 2008 to 209.081 trillion at the end of May.


Menurut BI, uang kertas dan uang logam yang diedarkan bertambah dari Rp202,477 triliun pada akhir April menjadi Rp209,801 triliun pada akhir Mei,


Banks' balance of accounts at BI increased from Rp212.440 trillion to Rp123.817 trillion.


sementara saldo giro bank pada BI meningkat dari semula Rp121,440 triliun menjadi Rp123,817 triliun.


The net domestic assets or base money minus net foreign exchange reserves were recorded at negative Rp8.890 trillion at the end of May as compared with the Rp27.254 trillion at the end of April 2008.


Sedangkan aktiva domestik bersih atau base money dikurangi posisi cadangan devisa bersih berada pada posisi negatif Rp8,890 triliun pada akhir Mei dibandingkan negatif Rp27,254 triliun pada akhir April.


Bank Indonesia BI has predicted that the high inflation rate in 2009 in the country can be lowered to 6.5-7.5 percent, a BI deputy governor said.


Bank Indonesia memperkirakan laju inflasi yang tinggi pada tahun ini bisa diturunkan menjadi 6,5 - 7,5 persen.


If everything runs well, the inflation rate in 2009 can be lowered to a range between 6.5 and 7.5 percent, although in 2008 the inflation rate is at a range of 11.5 - 12.5 percent, Hartadi A Sarwono told a journalist workshop here on Friday.


Pada tahun 2009 kalau semua berjalan lancar, laju inflasi menurut BI berada di kisaran 6,5 - 7,5 persen, meski pada 2008 inflasi sekitar 11,5 - 12,5 persen, kata Deputi Gubernur Bank Indonesia Hartadi A Sarwono dalam lokakarya wartawan di Yogyakarta, Jumat.


He said the high inflation rate in 2008 was fueled by the impact of the fuel oil price hikes but because the impact of the fuel oil price hikes was one-shot matter, inflation in the following year would go down again.


Ia menjelaskan, tingginya laju inflasi pada 2008 disebabkan dampak kenaikan harga BBM, namun karena pengaruh BBM terhadap inflasi bersifat one shot pengaruhnya langsung maka inflasi tahun berikutnya kembali turun.


Referring to the previous estimate of 5.5 - 7.5 percent by the House Budgetary Committee, Hartadi said it was an optimistic target.


Sedangkan mengenai sinyalemen sebelumnya yang muncul pada rapat panitia anggaran DPR RI yang memunculkan perkiraan laju inflasi 2009 5,5 - 7,5 persen, menurut Hartadi angka itu sebagai target yang optimistis.


Based on the results of a meeting of BI's Board of Governors, the most realistic rate is between 6.5 and 7.5 percent.


Kalau dari rapat Dewan Gubernur BI yang paling realistis kita gunakan 6,5 - 7,5 persen.


But it would be good to see the 6.5 plus - minus percent, he added.


Tetapi ada baiknya juga melihat target 6,5 plus minus satu persen, sehingga kita lebih optimis, katanya.


In order to keep the inflation rate under control, BI will continue to give signs of issuing monetary polices such as raising the BI interest rate, he said.


Untuk menurunkan inflasi, BI akan terus mengeluarkan sinyal kebijakan moneter seperti dengan menaikkan suku bunga BI atau BI rate.


State Enterprises Minister Sofyan Djalil said state-owned PT Krakatau Steel KS's privatization will have to be done though an Initial Public Offering IPO which his ministry had scheduled to take place in September 2008.


Menneg BUMN Sofyan Djalil mengatakan privatisasi PT Krakatau Steel harus dilakukan melalui penawaran saham perdana Initial Public Offering-IPO, yang dijadwalkan terealisasi September 2008.


We have decided to privatize Krakatau Steel through an IPO but the decision is still subject to approval by the House of Representatives DPR, Djalil told the press here Wednesday.


Kita memutuskan KS itu di IPO, sekarang tinggal DPR untuk dimintai persetujuan, kata Sofyan Djalil, pada acara coffe morning, dengan media massa di Kantor Meneg BUMN, di Jakarta, Rabu.


He said his ministry would challenge the House and the KS management to agree to carry out the IPO as soon as possible.


Menurutnya, Kementerian BUMN akan menantang manajemen KS dan DPR untuk membuat keputusan agar IPO dapat dilaksanakan secepatnya.


Djalil's statements come amid a controversy on whether the state's sole steel-making company should be privatized through an IPO or a strategic sale.


Pro dan kontra menyangkut opsi yang akan diambil pemerintah untuk privatisasi baja plat merah ini masih mengemuka, selain opsi strategis sale .


Some world-class steel companies such as Arcelor Mittal, BlueScope, Tata Steel, Pohong Steel, and Essar Steel were reported to be keenly interested in acquiring a stake in KS through a strategic purchase.


Sederet perusahaan baja berskala internasional yang berminat membeli saham KS dengan pola strategic sales antara lain Arcelor Mittal, BlueScope, Tata Steel, Pohong Steel dan Essar Steel.


Djalil said privatizing KS , either through an IPO or strategic sale, would be a good move to increase the company's production capacity.


Menurut Sofyan Djalil, ide privatisasi melalui penjualan strategis maupun IPO merupakan langkah yang bagus demi meningkatkan kapasitas produksi PT Krakatau Steel.


To us, the most important thing is achieving the aim of raising KS's production capacity to at least five million tons per year, he added.


Bagi kita yang penting tujuannya tercapai KS bisa meningkatkan kapasitas paling sedikit 5 juta ton per tahun, katanya.


The funds raised through the privatization would not be used for ground field construction as the company already had sufficient infrastructure such as ports, land, electricity and water.


Sesungguhnya kebutuhan dana untuk investasi saat ini tidak lagi untuk pembangunan ground field karena KS telah memiliki infrastruktur seperti pelabuhan, tanah, listrik dan air.


The funds from the IPO will be used to improve the company's technology, he said.


Hasil perolehan dana dari percepatan IPO digunakan untuk meningkatkan teknologi, katanya.


However, some analysts opined that the current negative sentiment in the market would be unfavorable for KS to list its shares at the Indonesian Stock Exchange.


Namun sejumlah analis dan pengamat pasar modal menilai saat ini bukan waktu yang tepat bagi KS untuk mencatat saham di Bursa Efek Indonesia BEI karena sentimen pasar masih negatif.


If the market situation is negative like now, we could release five percent of shares first.


Kalau situasinya pasar buruk seperti sekarang, kita lepas dulu sebesar 5 persen.


When the market improves, we can list an additional 40 percent of the shares, Djalil said.


Tetapi kalau pasar sudah bagus akan kita tambah, dan dicatat sebesar 40 persen yang dijual 'additional share', katanya.


The minister admitted the government was having difficulty realizing KS's privatization as the plan was not only a technical-economic but also a political-economic matter.


Ia mengakui, pemerintah mengahadapi posisi yang sulit dalam melakukan privatisasi KS tersebut karena masalahnya bukan lagi masalah teknis ekonomi tetapi juga dipengaruhi ekonomi politik.


Therefore I ask the parliament to make a decision on KS's privatization soon.


Karena itu saya ingin katakan agar DPR segera membuat keputusan.


We should not get stuck in discussions, much less fail to make a decision by the end of the year, he said.


Jangan sampai kita terus berwacana seperti ini sampai akhir tahun tidak ada keputusan ya atau tidak, ujar mantan Menkominfo ini.


Djalil gave the assurance that no government official would receive any commission fee from anyone in the IPO process.


Ia juga mengatakan, pembicaraan tentang KS telah pula penuh dengan kecurigaan dan masalah politik yang dijadikan amunisi praktisi politik.


State officials are not allowed to receive any commission fees.


Terkait privatisasi melalui pola IPO tersebut, Sofyan menjamin bahwa tidak ada komisi apapun dan bagi siapapun.


But in an IPO there will be various standard fees paid such as underwriter fee, legal fee, consulting fee, and arranger fee.


Tapi kalau IPO tentu ada biaya yang biasa atau normal dikeluarkan yaitu untuk underwriter fee, legal fee, consulting fee, dan arranger fee.


When state officials receive such fees, they will face prosecution under the law against gratification, he added.


Kalau pejabat pemerintah menerima itu namanya gratifikasi, ujarnya.


Djalil declined to elaborate on who would be the underwriter and consultant in the planned Krakatau Steel's IPO.


Meski begitu, Sofyan tidak bersedia merinci lebih lanjut pihak penjamin emisi underwriter dan konsultan yang dilibatkan dalam IPO tersebut.


Taxation Director General Darmin Nasution said the government's tax receipts in the first five months of 2008 increased 47.63 percent to Rp217.3 trillion from Rp147.2 trillion in the same period a year earlier.


Dirjen Pajak Depkeu, Darmin Nasution mengatakan, penerimaan pajak pada lima bulan pertama tahun 2008 naik 47,63 persen menjadi Rp217,3 triliun dibanding periode yang sama tahun lalu, Rp147,2 triliun, menyusul melonjaknya penerimaan pajak migas.


Tax receipts from the oil and gas sector accounted for 60 percent, he said here on Friday.


Kenaikan penerimaan pajak migas kita mencapai 60 persen, kata Darmin di Jakarta, Jumat.


He said the figure was 13 percent higher than the target.


Sedangkan jika dibanding dengan target Januari-Mei 2008, tambahnya, angka tersebut lebih tinggi 13 persen.


Nasution explained that non-oil/non-gas tax receipts in the January-May 2008 period stood at Rp189.4 trillion, which increased 45.19 percent compared with the Rp130.5 trillion collected in the same period last year.


Dia melanjutkan, penerimaan pajak non migas selama Januari - Mei tercatat sebesar Rp189,4 triliun, atau naik 45,19 persen dibandingkan periode yang sama tahun lalu, sebesar Rp130,5 triliun.


Oil and gas taxes collected in the January-May 2008 period were valued at Rp27.8 trillion, an increase by 66.8 percent compared with the Rp16.7 trillion collected in the corresponding period in 2007.


Sementara pajak migas pada periode yang sama tercatat Rp 27,8 triliun naik 66,8% dibandingkan tahun sebelumnya yang sebesar Rp 16,7 triliun.


The non-oil.non-gas tax receipts were collected from land and building taxes worth Rp5.6 trillion or an increase of 500 percent from Rp914 billion in 2007.


Pajak non migas sebesar itu, jelasnya, diperoleh dari penerimaan PBB yang mencapai 500 persen dari Rp914 miliar pada 2007 menjadi Rp 5,6 triliun.


Receipts from income tax also rose 39.4 percent and from luxury good sales taxes by 46.08 percent.


PPh juga naik 39,4 persen, PPn BM naik 46,08 persen, dan BPHTB naik 48,27 persen.


Non-oil.non-gas tax receipts in May alone rose 60.61 percent to Rp38.trillion compared with that in the same period in 2007 which stood at Rp23.7 trillion, Nasution said.


Pajak non migas pada Mei saja mencapai Rp38,2 triliun, naik 60,61 persen dibandingkan Mei 2007 yang mencapai Rp23,7 triliun, katanya


He said total tax receipts in the January - May 2008 period accounted for 40.66 percent of the target set by the government in 2008.


Menurutnya, penerimaan pajak tersebut telah mencapai 40,66 persen dari target 2008, padahal pada periode yang sama tahun lalu, baru tercapai 34 persen.


The World Bank said still had no plan to finance the Jakarta monorail project because it was not included in its priority projects but it was ready to hold dialogs on the possibility of providing financial assistance.


Bank Dunia menyatakan hingga saat ini belum memiliki rencana untuk membiayai proyek monorel di DKI Jakarta, karena tidak masuk dalam prioritas proyek mereka, namun mereka siap diajak berdialog terkait kemungkinan tersebut.


We have no specific discussions on the matter at the moment because it is not part of our priority.


Kami belum berdiskusi secara spesifik tentang itu karena itu memang bukan bagian dari prioritas kami saat ini.


But we are open for dialogs on ideas not yet included in our priority projects, WB Representative in Indonesia Joachim von Amsberg told ANTARA here over the weekend.


Namun kami selalu terbuka untuk mendiskusikan ide-ide yang belum menjadi prioritas kami saat ini, kata Kepala Perwakilan Bank Dunia untuk Indonesia, Joachim von Amsberg kepada ANTARA di Jakarta, akhir pekan ini.


He said that the bank's commitment was to assist government's priority programs or projects such as infrastructure in the region and poverty alleviation programs.


Menurutnya, hingga saat ini komitmen Bank Dunia adalah untuk membantu program-program atau proyek-proyek yang menjadi prioritas pemerintah, seperti proyek-proyek infrastruktur di daerah dan program pengentasan kemiskinan seperti Program Nasional Pemberdayaan Masyarakat PNPM


The fate of the Jakarta monorail project, which was initiated by the Jakarta administration, is still uncertain until today after the central government stated it would only bear some of the project financing.


Status proyek monorel sendiri hingga kini masih belum jelas setelah pemerintah pusat hanya mau menanggung sebagian dari kebutuhan pembiayaan proyek yang merupakan ide Pemprov DKI Jakarta tersebut.


Dedy S Priatna of the National Development Planning Board Bappenas said the central government, before taking part in the project, set a condition that the Jakarta administration and PT Jakarta Monorail JM as the executor of the project, should first make a calculation on the budget of the project.


Deputi Kemeneg PPN/Bappenas bidang Sarana Prasarana, Dedy S Priatna mengatakan, sebelum berpartisipasi, pemerintah pusat mensyaratkan adanya perhitungan dasar anggaran yang telah dikeluarkan oleh Pemprov DKI Jakarta dan PT Jakarta Monorel JM sebegai pelaksana proyek tersebut pada awalnya, seperti untuk tiang pancang dan lain sebagainya.


The office of the coordinating minister for economic affairs has written to the Jakarta administration informing that matter, he said.


Itu sudah disampaikan melalui surat Menko Perekonomian pada awal Mei lalu kepada Pemprov DKI, katanya.


He said that the calculation must be carried out by an independent appraisal agency.


Penghitungan itu pun, jelasnya, harus dilakukan oleh sebuah lembaga penaksir yang independen.


If its economic calculation is not feasible, the central government will not take part in the project and would prefer to give it to private companies, he said.


Kalau memang perhitungan keekonomiannya tidak menunjang, katanya, pemerintah pusat tentu saja tidak akan berpartisipasi dalam proyek tersebut dan menyerahkan kepada swasta.


The National Development Planning Board Bappenas said recent fuel price hikes would affect projects financed with external loans, Syarial Loetan of Bappenas said.


Badan Perencaan Pembangunan Nasional Bappenas mengungkapkan, kenaikan harga BBM bersubsidi mempengaruhi biaya operasional dalam proyek-proyek yang dibiayai pinjaman luar negeri, terutama yang bersifat konstruksi sehingga ada kemungkinan penambahan pinjaman atau realokasi surplus pinjaman.


In general, construction projects which are multi-years in nature would be affected.


Secara umum, memang proyek-proyek yang bersifat konstruksional dan 'multi years' akan terpengaruh.


Usually contractors have taken such a possibility into account as a price escalation when they are to take part in a tender for such project, he said here on Sunday.


Tetapi memang dalam kontrak tender, biasanya mereka memperhitungkan tentang kemungkinan seperti itu, yang disebut eskalasi biaya atau biaya tidak terduga lainnya, kata Sesmeneg PPN/Sestama Bappenas Syahrial Loetan kepada ANTARA di Jakarta, Minggu.


In this case, creditors usually made available a budget surplus for a price escalation based on the value of their appraisal, he said.


Hal itu, lanjut dia, menyebabkan lembaga kreditur kemudian memberi kelebihan anggaran, untuk eskalasi biaya tersebut, dari nilai hasil appraisal mereka.


Such a surplus is not available for projects affected by policy reforms, however, Syahrial said.


Sedangkan proyek-proyek yang berupa reformasi kebijakan, tidak ada kelonggaran anggaran seperti itu, jelasnya.


He said that a price escalation could also happen due to increase in the inflation caused by factors other than a fuel price hike.


Dia menjelaskan, eskalasi biaya juga dapat disebabkan faktor inflasi.


We will ask for approval from the creditors to use the escalation price facility, he said.


Nanti kami harus meminta persetujuan lembaga kreditur untuk menggunakan kelonggaran dana itu, katanya, atau untuk merealokasi surplus pinjaman lainnya.


The rupiah fell 22 points to Rp9,350/9,360 per dollar on Monday morning as investors bought the dollar following last Friday's rise in global crude prices to US$130 a barrel, a money market observer said.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Senin pagi, turun tajam 22 poin menjadi Rp9.350/9.360 per dolar AS dibanding penutupan akhir pekan lalu Rp9.328/9.350.


The market pressure on the rupiah was quite strong so that the Indonesian currency weakened to Rp9,355 per dollar before it returned to Rp9,350 per dollar on Monday morning, Kostaman Thayib, retail banking director of PT Bank Mega Tbk, said.


Ia mengatakan, tekanan pasar terhadap rupiah cukup besar, sehingga mata uang Indonesia sempat mencapai angka Rp9.355 dolar AS, namun posisi itu tidak lama bertahan dan kembali pada angka Rp9.350 per dolar AS.


I think the rupiah will continue to weaken due to the absence of a positive sentiment from the internal market despite Bank Indonesia's assurance to control the rupiah's movement, he said.


Kami memperkirakan rupiah akan terus melemah, karena dari pasar internal belum ada isu yang mampu memicu rupiah menguat, meski Bank Indonesia BI menyatakan akan tetap menjaga rupiah di pasar, katanya.


Bank Indonesia BI was likely to intervene in the market again in view of the increasingly heavier pressure on the rupiah, he said.


Menurut dia, BI kemungkinan akan kembali masuk pasar melihat tekanan pasar terhadap rupiah semakin besar.


The central bank would release funds from its foreign exchange earnings to ease pressure on the local unit, he said.


BI akan melepas cadangan dolar AS untuk mengantisipasi tekanan tersebut, sehingga tekanan pasar akan berkurang, ucapnya.


He said the rupiah was expected to trade below Rp9,350 if the central bank intervened in the market.


Rupiah, lanjut dia, apabila BI masuk pasar maka posisinya diperkirakan akan berada di bawah angka Rp9.350 per dolar AS,


The central bank wants to see the rupiah trading below Rp9,300 per dollar this year.


karena BI menginginkan rupiah di bawah level Rp9.300 per dolar AS.


I am optimistic if BI continues to monitor the rupiah's exchange rate and intervene in the market the ru


Kami optimis apabila BI terus memantau posisi rupiah dan melakukan intervensi pasar, maka rupiah akan berada di bawah angka Rp9.300 per dolar AS, katanya.


Indonesia's balance of payments NPI in the first quarter of 2008 recorded a surplus of US$1 billion with the total amount of payments recorded at US$59 billion, Bank Indonesia BI said.


Neraca Pembayaran Indonesia NPI pada kuartal pertama 2008 mencatat surplus sekitar 1,0 miliar dolar AS menjadi 59,0 miliar dolar AS.


It said the country's foreign exchange reserves stood at US$57.464 billion in the month ended on May 30, 2008.


pembayaran utang luar negeri pemerintah posisi cadangan devisa per 30 Mei 2008 sebesar 57,464 miliar dolar AS.


The NPI surplus originated from a US$2.8 billion surplus in current account transactions fueled by an excess of exports over imports and remittances from migrant Indonesian workers aboard.


Surplus NPI bersumber dari surplus transaksi berjalan yang mencapai sekitar 2,8 miliar dolar AS, yang ditopang oleh surplus transaksi berjalan adalah penerimaan ekspor yang melampaui pengeluaran impor serta penerimaan devisa dari transfer tenaga kerja Indonesia di luar negeri.


The growth of current account transactions indicated that the external sector still gave positive contributions to the domestic economy's performance, it said.


Perkembangan transaksi berjalan tersebut mengindikasikan bahwa sektor eksternal masih memberikan kontribusi positif terhadap kinerja perekonomian domestik.


Exports in the first quarter of 2008 were valued at US$34.4 billion f.o.b, up 29.2 percent from the same period last year.


Nilai ekspor selama kuartal pertama 2008 mencapai 34,4 miliar dolar AS f.o.b atau meningkat 29,2 persen dibandingkan periode yang sama tahun 2007.


Oil and gas exports recorded the highest growth at 61.7 percent, followed by non-oil/non-gas exports which grew 21.8 percent, it said.


Nilai ekspor migas mencatat pertumbuhan tertinggi, yaitu 61,7 persen, diikuti oleh nilai ekspor nonmigas yang tumbuh 21,8 persen.


A surge in the prices of oil and several key non-oil/non-gas commodities such as palm oil, rubber and tin coupled with rising demand in the export market contributed to the increase in the export value.


Lonjakan harga minyak dan harga beberapa komoditas ekspor nonmigas unggulan, seperti minyak sawit, karet, dan timah, serta kenaikan permintaan dunia menjadi pendorong kenaikan nilai ekspor tersebut.


In the meantime, imports reached US$26.8 billion f.o.b, up 41.9 percent, suggesting that there were still robust economic activities at home.


Dalam periode yang sama nilai impor mencapai 26,8 miliar dolar AS f.o.b atau meningkat 41,9 persen dan ini menunjukkan masih kuatnya kegiatan ekonomi.


The surplus in current account transactions offset a US$1.4 billion deficit in capital and financial transactions partly caused by a drop in foreign portfolio capital inflows to the country.


Defisit yang mencapai sekitar 1,4 miliar dolar AS itu sebagian disebabkan oleh menurunnya arus masuk modal portofolio asing.


The drop was triggered by the global financial market which had not yet recovered from the US subprime mortgage crisis, coupled with investors' negative perception of the state budget's resistance to the pressure of global crude price spiral.


Hal ini dilatarbelakangi oleh kondisi pasar keuangan internasional yang masih belum pulih dari dampak krisis sub-prime mortgage di Amerika Serikat, ditambah dengan munculnya persepsi negatif di kalangan investor mengenai daya tahan keuangan negara APBN terhadap tekanan kenaikan harga minyak.


The four investment management companies are PT Mega Global Investama, PT Platinum Investama, PT Bali Securities and PT United Asia Securities.


Badan Pengawas Pasar Modal Bapepam telah mencabut izin usaha empat manajer investasi, yakni PT Mega Global Investama, PT Platinum Investama, PT Bali Securities dan PT United Asia Securities.


The revocation of the companies' permits is effective as of May 28, 2008, Ngalim said in a release on Tuesday.


Pencabutan izin usaha tersebut berlaku sejak 28 Mei 2008, kata Sekretaris Bapepam, Ngalim Sawega dalam pengumumannya yang dirilis, Selasa.


Ngalim said the four investment management companies were banned from doing business as investment managers.


Ngalim mengatakan, keempat perusahaan manajer investasi tersebut dilarang melakukan kegiatan usaha sebagai manajer investasi,


They were also required to settle all their obligations to other concerned parties.


serta diwajibkan untuk menyelesaikan segala kewajiban dengan pihak lain yang berkepentingan.


Besides, Bapepam also revoked the license of security company PT Pentasena Arthasentosa.


Selain itu Bapepam juga telah mencabut izin usaha perusahaan efek atas nama PT Pentasena Arthasentosa.


The revocation was indicated in Bapepam's letter of June 5, 2008, he said.


Hal ini tertuang dalam surat Bapepam per 5 Juni 208.


The government has promised to give a tax incentive to foreign and domestic investors for following regulations under the regional and national spatial master plans RTRW, Director General for Spatial Planning Affairs Dr Ir I.F. Poermomosidhi MSc said.


Pemerintah menjanjikan, para investor domestik dan asing, berpeluang memperoleh keringanan pajak, jika mengikuti aturan-aturan mengenai rencana tata ruang dan wilayah RTRW, baik wilayah, provinsi, maupun nasional.


The provisions on the tax incentives will be stipulated in a special government regulations on incentives, the director general said on the sidelines of the popularization of Government Regulation PP No. 26 / 2008 on RTRWN at the National Development Planning Board Beppenas building here on Monday.


Bisa itu, tapi itu semua akan diatur dalam PP khusus tentang insentif, kata Dirjen Penataan Ruang Departemen PU Imam Ernawi di sela-sela sosialisasi PP 26/2008 tentang RTRW di Gedung Bappenas Jakarta, Senin.


They will enjoy the facilities if, for example, the investors only use 40 percent of the 80 percent land they are allowed to use or on which to build a two-storey rather than a four-storey building, the director general said.


Atau kalau menurut ketinggian, maksimum 4 lantai, tapi hanya dibangun dua lantai sehingga dia bisa mendapat insentif, katanya menjelaskan.


The director general said that the PP also contained a provision which regulated the involvement of regional administrations in providing incentives, particularly with regard to space use in their regions.


Menurutnya, PP yang diharapkan selesai tahun depan itu nantinya juga melibatkan pemerintah daerah dalam pemberian insentif, terutama atas pemanfaatan tata ruang di wilayah.


The values and types of the incentives are to be decided by the regional administrations concerned, the director general said.


Besaran dan jenis kemudahan yang diberikan juga akan ditentukan oleh masing-masing pemda, katanya.


Based on article 118 of the PP, there will also be disincentives for those who disobey the RTRWB such as the imposition of high tax, restriction of infrastructure facilities, imposition of compensation and penalties.


Menurut pasal 118 PP tersebut, selain insentif, tentu saja ada disinsentif atau pelaksanaan pembangunan atau investasi yang menyalahi RTRW seperti pengenaan pajak yang tinggi, pembatasan penyediaan infrastruktur, pengenaan kompensasi dan penalti.


Indonesia's on-month inflation rate jumped to 1.41 percent in May due to fuel oil price hikes and speculations in the runup to the government's decision to raise fuel oil prices, the Central Bureau of Statistics BPS said.


Badan Pusat Statistik BPS mencatat inflasi pada Mei 2008 tercatat 1,41 persen akibat kenaikan harga bahan bakar minyak BBM dan spekulasi menjelang kenaikan harga BBM.


The May 2008 inflation rate brought the calendar-year inflation rate to 5.47 percent and the on-year inflation rate to 10.38 percent, BPS Chief Rusman Heriawan said on Monday.


Kepala BPS Rusman Heriawan di Jakarta, Senin mengatakan, inflasi tahun kalender Januari-Mei berada pada 5,47 persen dan inflasi tahunan year on year sebesar 10,38 persen.


It is for the first time since October 2005 - when fuel oil prices were doubled - that all 45 cities surveyed recorded inflation, he said.


Untuk pertama kalinya sejak Oktober 2005, kenaikan harga BBM sebelumnya, seluruh 45 kota mengalami inflasi, kata Rusman.


The BPS noted that the transportation, communication and financial service sectors contributed 2.23 percent to the monthly inflation rate, followed by the food sector 2.23 percent, and the housing, water, electricity, gas and fuel sectors 1.58 percent.


BPS mencatat, kenaikan harga terbesar terlihat pada kelompok transportasi, komunikasi, dan jasa keuangan 2,23 persen, kelompok bahan makanan 1,72 persen, serta kelompok perumahan, air, listrik, gas, dan bahan bakar 1,58 persen.


In May the prices of gasoline rose by 8.59 percent to an average of Rp4,887 from Rp4,500 a liter in April, adding 0.29 percent to the monthly inflation rate of 1.41 percent, he said.


Pada Mei terjadi kenaikan harga premium 8,59 persen dari harga pada bulan April Rp4.500 menjadi Rp4.887, yaitu harga rata-rata premium pada Mei sehingga sumbangan terhadap inflasi 0,29 persen dari 1,41 persen, katanya.


The average fuel price of Rp4,887 a liter was based on the old price of Rp4,500 a liter in the first 23 days of May 2008 and the new price of Rp6,000 a liter in the remaining 8 days, he said.


Kenaikan harga premium rata-rata Rp4.887 itu, katanya, dihitung dengan menggunakan harga Rp4.500 selama 23 hari dan harga Rp6.000 selama 8 hari tersisa.


The LPG price rose by 0.18 percent in May from a month earlier due to a shortage of the commodity, he said.


Penyumbang inflasi terbesar kedua, katanya, adalah gas elpiji sebesar 0,18 persen dan hal itu terjadi karena terjadinya kelangkaan pasokan.


The bureau noted that the price of a 3-kg gas cylinder at the consumer's level increased by an average of Rp17,500 in May from Rp15,000 a month earlier while the price of 12-kg gas cylinders rose to Rp65,000 from Rp55,000.


BPS mencatat, harga tabung 3 kg di tingkat konsumen pada Mei rata-rata sebesar Rp17.500 dari Rp15.000 pada bulan sebelumnya. Sedangkan harga tabung 12 kg tercatat sebesar Rp65.000, dari bulan lalu Rp55.000.


The increase in rice prices contributed 0.13 percent to the on-month inflation rate in May.


Sedangkan faktor ketiga adalah kenaikan harga beras yang menyumbang 0,13 persen pada inflasi Mei.


The rice price hikes occurred in all cities in the country, with Banten recording the highest increase at 8.83 percent, he said.


Kenaikan harga beras ini terjadi di seluruh kota, dengan kenaikan terbesar di Banten 8,83 persen, katanya.


Actually, speculations on whether or not the government would carry through the fuel price hike plan also contributed significantly to inflation, namely by around 0.5 percent, he said.


Dia mengatakan, sebenarnya faktor spekulasi karena ketidakpastian kenaikan sendiri sudah menyumbang inflasi yang cukup besar, yaitu sekitar 0,5 persen.


So, even if the fuel oil prices were not raised, the speculations themselves contributed 0.5 percent to the monthly inflation rate, he said.


Jadi kalau diputuskan tidak naik pun, sudah ada sumbangan inflasi 0,5 persen dari spekulasi, katanya.


Therefore, it would be difficult for the government to achieve its inflation rate target of 11 percent at the end of 2008 because of heavy inflationary pressures from July to December this year.


Dengan demikian, katanya, sulit bagi pemerintah untuk mencapai target 11 persen inflasi pada akhir tahun 2008 karena tekanan inflasi yang sangat berat sejak Juli hingga Desember nanti.


The rupiah edged closer to Rp9,300 per dollar in the Jakarta interbank spot market on Tuesday evening after Bank Indonesia the central bank/BI intervened in the money market, a foreign exchange analyst said.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Selasa sore naik mendekati angka Rp9.300 per dolar AS, karena aktifnya Bank Indonesia BI bermain di pasar melakukan intervensi pasar.


BI's intervention proved effective so the rupiah continued to edge closer to Rp9,300 per dollar though its appreciation happened slowly, Rully Nova of PT Bank Himpunan Saudara Tbk said.


Intervensi BI ke pasar dinilai cukup efektif, sehingga rupiah terus menguat hingga mendekati angka Rp9.300 per dolar AS, meski kenaikannya berjalan lambat, kata Analis Valas PT Bank Himpunan Saudara Tbk, Rully Nova di Jakarta, Selasa.


The rupiah strengthened to Rp9,303/9,305 per dollar on Tuesday after it closed at Rp9,313/9,326 per dollar the day before.


Nilai tukar rupiah terhadap dolar AS menguat menjadi Rp9.303/9.305 dibanding penutupan hari sebelumnya Rp9.313/9.326 per dolar AS atau naik 10 poin.


He said BI wanted the rupiah to remain below Rp9,300 per dollar as this level was considered safe for the Indonesian economy.


Menurut dia, BI menginginkan rupiah berada di bawah angka Rp9.300 per dolar AS, karena mata uang lokal itu apabila berada dibawah angka itu dinilai cukup aman.


The rupiah's chance of strengthening to below Rp9,300 per dollar was wide open, he said.


Karena itu, rupiah wajar menguat hingga terus mendekati angka Rp9.300 per dolar AS, ujarnya.


He said the rupiah should strengthen to below Rp9,300 per dollar now that the US greenback was weakening against other major foreign currencies, including the euro and yen.


Rupiah, lanjut dia seharusnya sudah berada dibawah angka Rp9.300 per dolar AS melihat dolar AS di pasar global masih melemah, terutama terhadap euro dan yen.


The rupiah received another boost after the Deposit Insurance Agency LPS raised its interest rate to 8.50 percent from 8.25 percent previously, he said.


Ia mengatakan, menguat rupiah didukung setelah Lembaga Penjamin Simpanan LPS menaikkan suku bunganya dari 8,25 persen menjadi 8,50 persen.


The increase in the LPS interest rate , coupled with a strengthening of the regional stock exchange's index, was the main factor in the rupiah's appreciation, he said.


Kenaikan suku bunga LPS itu merupakan faktor utama yang memicu rupiah naik yang didukung oleh membaiknya bursa saham regional, ujarnya.


He said the rise in the LPS interest rate triggered by BI's decision to raise its benchmark interest rate by 25 basis points to 8.50 percent early this month was expected to encourage foreign investment inflows into the country.


Kenaikan bunga LPS yang dipicu oleh naik suku bunga acuan BI Rate diperkirakan akan mendorong investor asing aktif menempatkan dananya di pasar domestik.


A number of Middle Eastern investors had invested in the country's banking sector, he said.


Sejumlah investor dari kawasan Timur Tengah juga telah melakukan berbagai investasi terutama di sektor perbankan, katanya.


In addition, 28 Australian banking analysts and fund managers were holding a road show in Indonesia to explore the possibility of investment in the country.


Selain itu, 28 analis perbankan dan fund manager dari Australia melakukan road show Ke Indonesia untuk menjajaki lebih jauh investasi, setelah membuat bank patungan dengan Panin Bank.


Judging by foreign investors' high interest in investing in the domestic market, we are optimistic the national economy will grow at a fast pace, he said.


Kami optimis pertumbuhan ekonomi nasional akan tumbuh dengan cepat, melihat tingginya minat investor asing menempatkan dananya di dalam negeri, katanya.


Indonesia's foreign exchange reserves will increase following the issuance of global bonds worth US$2.2 billion this month, a central bank official said.


Cadangan devisa RI akan bertambah besar dengan adanya penjualan/penerbitan obligasi internasional sebesar 2,2 miliar dolar AS pada Juni 2008 ini.


We were not directly involved in the global bond roadshow but it the issuance of global bonds will raise our foreign exchange reserves, Deputy Bank Indonesia Governor B Hartadi A. Sarwono said on Wednesday.


Kami tidak terlibat langsung dalam 'roadshow' penerbitan obligasi internasional ini, tapi ini akan meningkatkan cadangan devisa kita, kata Deputi Gubernur Bank Indonesia BI,B Hartadi A. Sarwono di Jakarta, Rabu.


The global bonds are divided into Indo 14 bonds worth US$300 million, Indo 18 bonds worth US$900 million and Indo 8 bonds worth US$1 billion.


Pemerintah menerbitkan obligasi internasional dalam tiga jenis yaitu Indo 14 sebesar 300 juta dolar AS, Indo 18 sebesar 900 juta dolar AS, dan Indo 8 sebesar 1 miliar dolar AS.


The bonds are issued at a yield of 7.75 percent.


Besarnya bunga atas obligasi internasional itu adalah sebesar 7,75 persen.


We were not directly involved in the roadshow.


Saat roadshow kami tidak terlibat langsung.


That is the business of the government as the issuer, Hartadi said.


Itu urusan pemerintah selaku 'issuer' penerbit, kata Hartadi.


Head of the Fiscal Policies Board at the Finance Ministry Anggito Abimanyu meanwhile said the value of the bonds issued matched the market demand.


Sementara Kepala Badan Kebijakan Fiskal Departemen Keuangan BKF Anggito Abimanyu ketika ditanya apakah jumlah itu tidak terlalu besar, mengatakan, jumlah itu sesuai permintaan pasar. Itu sesuai permintaan pasar, kata Anggito singkat.


The issuance of the global bonds is part of the government's efforts to meet part of funds to finance the state budget.


Penerbitan obligasi merupakan langkah pemerintah untuk memenuhi sebagian pembiayaan APB.


The government has projected a deficit in the 2008 state budget at Rp82.3 trillion or 1.8 percent of the country's gross domestic product GDP.


Pemerintah memperkirakan bahwa berdasar pertimbangan kondisi terakhir hingga Mei 2008, realisasi defisit selama tahun anggaran 2008 akan mencapai Rp82,3 triliun atau 1,8 persen dari PDB.


The deficit will result from the difference between state expenditures estimated at Rp1,020.1 trillion and state receipts and grants projected at Rp937.8 trillion.


Angka defisit itu diperoleh dari perhitungan anggaran pendapatan dan hibah negara yang akan mencapai Rp937,8 triliun dan belanja negara yang akan mencapai Rp1.020,1 triliun.


In the revised 2008 state budget, the government had previously projected state receipts and grants at Rp895 trillion and state expenditures at Rp989.3 trillion so that the state budget deficit would reach 2.1 percent of the GDP.


Sebelumnya APBNP 2008 menetapkan pendapatan negara dan hibah sebesar Rp895 triliun dan belanja negara sebesar Rp989,3 triliun sehingga terdapat defisit 2,1 persen dari produk domestik bruto PDB.


International stock rating agency Fitch Ratings has assigned a National Long-term Issuer rating of 'Aidn' with a stable outlook to PT Bank Syariah Muamalat Indonesia Tbk Muamalat.


Lembaga pemeringkat efek internasional Fitch Ratings, Jumat, memberikan peringkat nasional jangka panjang A idn untuk PT Bank Syariah Muamalat Indonesia Tbk Muamalat, dengan prospek stabil.


At the same time, Fitch also assigned an expected rating of 'A-idn' A minusidn to Muamalat's proposed IDR400 billion, 10-year subordinated mudaraba bond, callable at the end of the fifth year, the Singapore-based agency said in a statement on Friday.


Dalam siaran pers lembaga yang berbasis di Singapura itu, Fitch juga memberikan peringkat ekspektasi A minus idn untuk obligasi subordinasi mudarabah yang akan diterbitkan oleh Muamalat dengan nilai Rp400 miliar, jangka waktu 10 tahun dengan opsi pembelian kembali pada akhir tahun kelima.


The rating reflects Muamalat's position as the second largest player in the small but fast growing Islamic banking industry in Indonesia, its satisfactory profitability as well as improved financing quality, with its relatively lower capital levels mitigated by increased provisions set aside for non-performing financing NPF in 2007.


Peringkat Muamalat mencerminkan posisinya sebagai bank terbesar kedua di industri perbankan syariah di Indonesia yang meskipun masih kecil tetapi berkembang dengan cepat, profitabilitas baik dan kualitas pembiayaan membaik.


As the second largest Islamic bank with a 29% market share of the Islamic banking industry's total assets at end-2007 albeit only 0.5% of overall banking industry's total assets, net financing margin NFM on Muamalat's financing operations increased to 7.9% in 2007 from 6.4% in 2004 due to better funding structure.


Disebutkannya, sebagai bank terbesar kedua dengan pangsa pasar sebesar 29 persen dari aset total perbankan syariah per akhir Desember 2007 meskipun pangsa pasarnya hanya 0,5 persen dari aset total industri perbankan secara keseluruhan, margin pembiayaan bersih Muamalat meningkat menjadi 7,9 persen pada 2007 dari 6,4 persen pada 2004 berkat struktur pendanaan yang lebih baik.


The proportion of lower cost deposits increased to about 50% of total deposits at end-2007 from 38% at end-2004.


Porsi pendanaan berbiaya lebih rendah meningkat menjadi sekitar 50 persen dari total pendanaan per akhir 2007 dari sekitar 38 persen per akhir 2004.


Muamalat's assets grew rapidly albeit slower than the industry average, at 38% CAGR over 2002-2007, thanks partly to expansion in its distribution network with total offices increased to 213 at end-2007 from 66 offices at end-2002.


Aset Muamalat juga tumbuh cepat, yaitu sebesar 38 persen per tahun antara 2002 sampai 2007, berkat ekspansi jaringan distribusi dimana jumlah jaringan distribusi Muamalat bertambah menjadi 213 kantor pada akhir 2007 dari 66 kantor pada akhir 2002.


Gross NPF declined to 3.0% of total financing at end-2007 Islamic banking industry: 4.1% from 5.7% at end-2006 thanks to restructuring efforts and better macroeconomic conditions in Indonesia.


Rasio pembiayaan bermasalah kotor menurun menjadi 3,0 persen dari pembiayaan total per akhir 2007 perbankan syariah: 4,1 persen dari 5,7 persen per akhir 2006 berkat usaha-usaha restrukturisasi yang didukung oleh kondisi makroekonomi yang lebih baik.


The amount of NPF fell to Rp255 billion at the end of 2007 from Rp379 billion at the end of 2006.


Jumlah pembiayaan bermasalah turun menjadi Rp255 miliar per akhir 2007 dari Rp379 miliar per akhir 2006.


Provision cover was raised to about 88.5% of NPF at the end of 2007 from 33.8% at the end of 2006, and this should help cushion any rise in NPF ahead given the more challenging operating conditions in 2008.


Pencadangan pembiayaan bermasalah meningkat menjadi sekitar 88,5 persen dari pembiayaan bermasalah per akhir 2007 dari sekitar 33,8 persen per akhir 2006, dan ini akan membantu Muamalat dalam menghadapi kemungkinan naiknya pembiayaan bermasalah mengingat kondisi perekonomian yang lebih berat pada 2008.


Muamalat's capital ratio is below the banking industry's average, with total CAR declining to 10.7% at the end of 2007 from 14.2% at the end of 2006 overall banking industry's : 19.2% at the end of 2007 due to strong financing growth as well as a high dividend payout ratio 78% in 2004-2006.


Rasio modal Muamalat berada di bawah rata-rata industri, dengan CAR total yang menurun menjadi 10,7 persen per akhir 2007 dari 14,2 persen per akhir 2006 industri perbankan: 19,2 persen per akhir 2007 karena pembiayaan yang tumbuh cepat dan rasio pembayaran dividen yang tinggi 78 persen antara 2004-2006.


A proposed subordinated debt issuance in 2008 and a planned rights issue in 2009 are expected to help strengthen the bank's total CAR and raise the level above the 12% minimum target set internally by the bank.


Rencana penerbitan obligasi pada 2008 dan penerbitan saham baru pada 2009 diharapkan akan memperkuat modal Muamalat dan meningkatkan CAR total di atas target internal yaitu minimal 12 persen.


Muamalat was established in 1991 as the first Islamic bank in Indonesia.


Muamalat didirikan pada 1991 sebagai bank syariah pertama di Indonesia.


The Islamic Development Bank IDB injected capital in 1999 after Muamalat ran into financial difficulties during the Asian financial crisis and became the largest shareholder with a 28.01% stake at the end of 2007.


Bank Pembangunan Islam IDB menyuntikkan modal pada 1999 kemudian menjadi pemegang saham terbesar yaitu 28,01 persen per akhir 2007.


Other substantial shareholders include Boubyan Bank Kuwait 21.28%, and Atwill Holding Limited 15.32%.


Pemegang saham besar lainnya adalah Boubyan Bank Kuwait 21,28 persen dan Atwill Holding Limited 15,32 persen.


The government will not change its budget deficit-financing scenario although a deficit in the revised 2008 state budget fell Rp12.2 trillion to Rp82.3 trillion or 1.8 percent of the country's gross domestic product GDP, an official said.


Pemerintah tidak akan mengubah skenario pembiayaan defisit anggaran, meskipun terjadi penurunan defisit anggaran dalam APBN P 2008 sebesar Rp12,2 triliun menjadi Rp82,3 triliun atau 1,8 dari PDB.


That is the ceiling...


Itu kan pagu. Nah pagu itu maksimum.


If the ceiling is no longer needed, we will not scrap it, Head of the Fiscal Policy Board at the Finance Ministry Anggito Abimanyu said on Monday.


Kalau nanti tidak diperlukan, ya tidak kita tarik, kata Kepala Badan Kebijakan Fiskal Depkeu, Anggito Abimanyu, di Jakarta, Senin.


Under the scenario, the government would continue to set itself the target of withdrawing program loans worth US$2.9 billion, issuing state bonds worth Rp117 trillion and earning Rp500 billion from the privatization of state firms this year, he said.


Dengan demikian, katanya, skenario pembiayaan defisit tetap menargetkan penarikan pinjaman program sebesar 2,9 miliar dolar AS, dan penerbitan surat berharga negara SBN netto Rp117 triliun, serta privatisasi Rp500 miliar.


Asked whether the government would withdraw program loans or issue state bonds in reaction to the current market for state bonds, he said it would continue to withdraw funds from the two funding sources.


Ditanya tentang pilihan penarikan pinjaman program dan penerbitan SBN terkait dengan situasi pasar surat utang negara, Anggito menjelaskan Depkeu akan tetap menarik dua sumber pembiayaan tersebut


Under the current situation, we must take intermediary steps.


Dalam kondisi seperti ini, ya kita lakukan 'in-between'.


We will continue to issue state bonds even at higher cost but at an acceptable level, he said.


Penerbitan SBN tetap kita lakukan dengan konsekuensi biaya yang lebih mahal, tetapi pada tingkat yang bisa diterima, katanya.


On the contrary, if the government did not withdraw program loans, the economy would grow at a slow pace because the loans would be used to finance the construction of infrastructure facilities, he said.


Sedangkan jika tidak menarik pinjaman, jelasnya, maka akan membuat pertumbuhan ekonomi akan berkurang karena pinjaman itu digunakan untuk pembangunan infrastruktur


State mining company PT Aneka Tambang Tbk Antam has teamed up with BHP Billiton to develop nickel laterite deposits in Indonesia.


PT Aneka Tambang Tbk Antam menggandeng BHP Biliton untuk menggarap tambang nikel laterit.


To develop the project, Antam has signed a Joint Venture Agreement JVA with BHP Billiton for the development and exploitation of nickel laterite deposits in Indonesia's eastern province.


Untuk itu, perseroan telah menandatangani Perjanjian Usaha Patungan Joint Venture Agreement/ JVA dengan BHP Billiton untuk mengembangkan sumber daya nikel laterit di kawasan timur Indonesia.


The ownership structure between JVA and BHP Billiton had been set at 50:50.


Struktur kepemilikan JVA dengan BHP Billiton adalah 50:50.


The JVA was signed in Jakarta by Antam's president director D. Aditya Sumanagara and Jimmy Wilson, President of Stainless Steel Materials BHP Billiton, Antam's corporate secretary Bimo Budi Satryo said in Jakarta on Wednesday.


Penandatanganan JVA dilakukan di Jakarta oleh Direktur Utama Antam, D.Aditya Sumanagara dan Jimmy Wilson, Presiden Stainless Steel Materials BHP Billiton, kata Sekretaris Perusahaan Antam, Bimo Budi Satryo, di Jakarta, Rabu.


The JVA between Antam and BHP Billiton was conditional, namely an approval of the Board of BHP Billiton must be secured, hopefully next month.


JVA antara Antam dan BHP Billiton bersifat conditional, diantaranya persetujuan dari Board BHP Billiton. Keputusan dari Board BHP Billiton diharapkan diterima pada bulan depan.


The signing of the JVA followed the signing of a Heads Of Agreement HOA in Perth between Antam and BHP Billiton in February last year.


Penandatanganan JVA merupakan tindak lanjut dari penandatanganan Heads Of Agreement HOA yang dilakukan di Perth antara Antam dengan BHP Billiton pada bulan Februari 2007.


The alliance with BHP Billiton is in line with Antam's strategy to enter further into the downstream metal processing sector applying higher technology.


Langkah aliansi dengan BHP Billiton sejalan dengan strategi Antam untuk melangkah masuk lebih dalam ke sektor hilir pengolahan logam dengan teknologi yang lebih tinggi.


The strategic alliance with BHP Billiton is also expected to reduce risks and the mineral deposit development cost, he said.


Aliansi strategis dengan BHP Billiton ini juga diharapkan akan mengurangi risiko serta biaya pengembangan deposit mineral, katanya.


The Finance Ministry is taking care of the distribution of funds allocated by the Agriculture Ministry to the farmers to increase the production and productivity of rice, corn and soybean.


Departemen Keuangan mengatur penyaluran dana peningkatan produktivitas dan produksi padi, jagung, dan kedelai kepada kelompok tani yang alokasi dananya berada di Ditjen Tanaman Pangan Departemen Pertanian Deptan, demikian salinan Peraturan Dirjen Perbendaharaan yang diperoleh ANTARA di Jakarta, Jumat.


The finance ministry merely channeled the money under a regulation of the Directorate General of Treasury No Per-11/PB/2008 of May 2, 2008 on directives on the distribution of fund to the farmers for increasing the productivity and production of rice, corn, and soybean the implementation guidance on the channelling and payment of productivity and production fund for rice, corn and soybean through the integrated crops and resources management vocational school.


Depkeu mengatur penyaluran dana itu melalui Peraturan Dirjen Perbendaharaan Nomor PER-11/PB/2008 tanggal 2 Mei 2008 tentang Petunjuk Pelaksanaan Penyaluran dan Pencairan Dana Peningkatan Produktivitas dan Produksi Padi, Jagung, dan Kedelai Melalui Pelaksanaan Sekolah Lapang Pengelolaan Tanaman dan Sumberdaya Terpadu SL-PTT.


In supporting the government's program on the improvement of the productivity, production, and income of rice, corn and soybean growers, the agriculture ministry had allocated the funds.


Dalam rangka mendukung program pemerintah untuk meningkatkan produktivitas, produksi dan pendapatan serta kesejaheraan petani padi jagung, dan kedelai, Deptan mengalokasikan dana untuk kegiatan peningkatan produksi dan produktivitas padi, jagung, kedelai melalui pelaksanaan SL-PTT dalam DIPA tahun anggaran 2008.


The finance ministry confirmed that the amount of fund as specified in the list of budget for the projects, must not exceed the budget ceiling.


Dana Peningkatan Produksi dan Produktivitas Padi, Jagung, dan Kedelai melalui Pelaksanaan SL-PTT, yang selanjutnya disebut Dana Bantuan SL-PTT adalah dana yang dialokasikan oleh Deptan untuk mendukung penyelenggaraan SL-PTT yang disalurkan dengan pola Bantuan Langsung Masyarakat.


Based on the fund allocation from the agriculture ministry, the officials in charge of making a commitment held a tender for the payment request letter SPP to officials who signed the payment order letter SPM.


Berdasarkan alokasi Dana Bantuan SL-PTT di Ditjen Tanaman Pangan Deptan, Pejabat Pembuat Komitmen mengajukan Surat Permintaan Pembayaran SPP kepada Pejabat Penanda Tangan Surat Perintah Membayar SPM.


The tested SPP document also covered supporting SPP document, availability of budget ceiling in the budget project requirement list DIPA in order to assure that the claim should not exceed the budget ceiling, pursuant to a working plan and/or feasility of working results.


Selanjutnya Pejabat Penanda Tangan SPM melakukan pengujian SPP yang diajukan oleh Pejabat Pembuat Komitmen.


The directorate general of treasury also disclosed that all provisions on procedures and requirements in applying for the SPP was arranged through a decree of the food crops director general of the agriculture ministry.


Dokumen SPP yang diuji meliputi dokumen pendukung SPP, ketersediaan pagu anggaran dalam DIPA untuk memperoleh keyakinan bahwa tagihan tidak melampaui batas pagu anggaran, kesesuaian rencana kerja dan/atau kelayakan hasil kerja yang dicapai dengan indikator keluaran, dan kebenaran hak tagih.


The Islamic Development Bank IDB has promised to issue rupiah-denominated sharia bonds to finance its projects in Indonesia following the enactment of law on state sharia bonds SBSN in the country, an official said.


Bank Pembangunan Islam IDB menjanjikan penerbitan obligasi syariah sukuk dalam denominasi rupiah untuk membiayai proyek-proyek di Indonesia, menyusul telah diterbitkannya UU Surat Berharga Syariah Negara SBSN.


I met with the IDB president some time ago.


Beberapa waktu lalu kita sudah bertemu dengan Presiden IDB.


At that time he was waiting for the law on sharia bonds.


Dia mengaku tengah menunggu UU Sukuk.


He told me that soon after the law had been enacted, they would issue rupiah-denominated bonds, Dewo Broto Joko Putranto, director of foreign multilateral funding at the Office of the State Minister for National Development Planning/National Development Planning Board Bappenas, said here on Wednesday.


Dia bilang kalau UU Sukuk sudah ada, mereka akan menerbitkan obligasi sukuk dalam mata uang rupiah, kata Direktur Pendanaan Luar Negeri Multilateral Kemeneg PPN/Bappenas, Dewo Broto Joko Putranto di Jakarta, Rabu.


The IDB had so far done the same thing in many Organization of Islamic Conference OIC member countries.


Selama ini, katanya, IDB telah melakukan mekanisme serupa di banyak negara anggota Organisasi Konferensi Islam OKI.


In Malaysia, they have issued ringgit-denominated sharia bonds, he said.


Seperti di Malaysia, mereka sudah menerbitkan dalam denominasi ringgit Malaysia, katanya.


He said both domestic and foreign investors could bid for the rupiah-denominated sharia bonds.


Sedangkan untuk investor yang berminat, katanya, bisa saja merupakan investor domestik atau internasional.


They could be Middle Eastern investors who now have excessive liquid funds.


Bisa saja orang Timur Tengah karena kan mereka saat ini sedang kelebihan likuiditas.


Asked about the possibility of Indonesia obtaining program loans from the IDB, he said it was difficult to do so because the bank was facing solvency capital problems.


Ditanya tentang kemungkinan memperoleh pinjaman program dari IDB, Dewo menjelaskan, hal itu akan sulit dipenuhi mengingat IDB tengah memiliki masalah kecukupan modal solvency capital.


The government is planning to issue state sharia bonds worth Rp15 trillion this year.


Pemerintah Indonesia berencana menerbitkan SBSN atau sukuk pada 2008 senilai Rp15 triliun.


Data from Bappenas show Indonesia has so far obtained project loans from the World Bank, the Asian Development Bank ADB and the Japan Bank for International Cooperation JBIC as well as from other multilateral creditors, including the IDB.


Selain Bank Dunia, Bank Pembangunan Asia ADB, dan Japan Bank for International Cooperation JBIC, berdasarkan data Bappenas, Indonesia juga menerima pinjaman proyek dari kreditur multilateral lainnya, termasuk


The IDB's outstanding loans for Indonesia amounted to US$411.14 million for 17 projects as per December 31, 2007.


IDB dengan nilai outstanding pinjaman mencapai 411,16 juta dolar AS untuk 17 proyek hingga 31 Desember 2007


The rupiah in the Jakarta interbank spot market fell 10 points to Rp9,285/9,295 per dollar on Thursday evening from Rp9,285/9,300 per dollar on Wednesday.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Kamis sore melemah menjadi Rp9.285/9.295 per dolar AS dibanding penutupan hari sebelumnya Rp9.285/9.300 per dolar AS atau turun 10 poin.


Investors were less interested in buying up the dollar as street rallies against a government plan to raise fuel prices showed signs of abating, leading to a slight fall in the rupiah's exchange rate against the greenback, Kostaman Thayib, retail banking director of PT Bank Mega Tbk, said on Thursday.


Direktur Retail Banking PT Bank Mega Tbk, Kostaman Thayib di Jakarta, mengatakan, minat pelaku pasar untuk membeli dolar AS pada sore hari agak berkurang sehingga penurunan rupiah relatif lebih kecil dibanding pagi hari.


He pointed out the strengthening of the regional stock exchange's index coupled with Bank Indonesia the central bank's plan to intervene in the market if the rupiah fell to Rp9,300 per dollar had eased negative pressure on the Indonesian currency.


Tekanan negatif pasar, lanjut dia juga tertahan oleh membaiknya bursa regional akibat membaiknya bursa Wall Street yang didukung oleh Bank Indonesia BI yang akan masuk pasar apabila rupiah di atas angka Rp9.300 per dolar AS.


We predict the rupiah will still be under pressure to hover above Rp9,300 per dollar on the ensuing day due to pressure from the global crude oil prices, he said.


Kami masih optimis rupiah pada hari berikutnya akan masih tertekan sehingga berada di atas posisi Rp9.300 per dolar AS yang dipicu pula oleh gejolak kenaikan harga minyak mentah dunia, katanya.


The global crude oil prices currently stood at US$126 a barrel compared to US$127 a barrel previously, he said.


Menurut dia, harga minyak mentah dunia saat ini berada di posisi 126 dolar AS per barel sedikit melemah dibanding hari sebelumnya yang mencapai 127 dolar AS lebih.


But he added the global crude prices might go up again and even hit an unprecedented level of US$200 a barrel because of high demand from the United States and China, the world's largest oil consumers.


Namun harga minyak mentah dunia akan kembali menguat bahkan bisa mencapai angka 200 dolar AS per barel, karena permintaan negara konsumen yang tinggi seperti Amerika Serikat dan Cina, katanya.


As a crude oil exporter, Indonesia was supposed to enjoy windfall profit from the soaring global crude prices but the country was battling it out to plug a deficit in the state budget, he said.


Indonesia sendiri, lanjut dia sebagai negara pengekspor minyak mentah yang seharusnya menikmati keuntungan dengan tingginya harga minyak mentah itu terus mengalami defisit anggaran.


Even the government was seeking foreign loans and planning to raise fuel oil prices by up to 30 percent to offset the budget deficit, he said.


Bahkan pemerintah mencari pinjaman dari luar negeri untuk menutupi defisit tersebut serta berencana menaikkan BBM sebesar 30 persen, ucapnya.


The plan to raise fuel prices, if realized, would slow down economic growth because all sectors would be affected, he said.


Rencana kenaikan BBM itu, lanjut dia akan menghambat pertumbuhan ekonomi nasional karena berbagai sektor terkena dari dampak kenaikan itu.


The Indonesian economy in the first quarter of 2008 grew by 2.15 percent from the previous quarter and 6.28 percent from the same quarter last year, the Central Bureau of Statistics BPS said.


Ekonomi Indonesia pada triwulan I 2008 tumbuh 2,15 persen dari triwulan sebelumnya, dan 6,28 persen dari triwulan yang sama pada 2007.


The key driver of the quarterly growth was the agricultural sector which contributed 18.02 percent while that of the year-on-year growth was the transportation and telecommunication sector which contributed 19.7 percent, BPS Deputy Chief for Balance Sheet and Statiscical Analyses Slamet Sutomo said on Thursday.


Untuk pertumbuhan kuartalan, pendorong terbesar pertumbuhan adalah sektor pertanian yang menyumbang 18,02 persen, sedangkan untuk tahunan yoy, pendorong terbesar adalah sektor pengangkutan dan telekomunikasi 19,7 persen, kata Deputi BPS bidang Neraca dan Analisis Statistik, Slamet Sutomo di Jakarta, Kamis.


Hence, the country's nominal gross domestic product GDP in the first quarter of 2008 was Rp1,126.8 trillion compared to Rp1,041.1 trillion in the fourth quarter of 2007, he said.


Dengan demikian, katanya, nominal PDB Indonesia pada triwulan I 2008 tercatat Rp1.126,8 triliun atau naik dari Rp1.041,1 triliun pada triwulan IV 2007.


Compared to the previous quarter, the contribution of household consumption to the GDP in the first quarter of 2008 fell 0.4 percent, that of state consumption 30.5 percent and that of investment 0.6 percent, he said.


Dibanding triwulan lalu, katanya, peran konsumsi rumah tangga pada pertumbuhan PDB triwulan I 2008 turun sebesar 0,4 persen, dengan peran konsumsi pemerintah juga turun 30,5 persen, serta pembentukan modal tetap bruto PMTB atau investasi turun 0,6 persen.


However, the export of goods and services which rose 5.7 percent gave positive contributions to the GDP, he said.


Sedangkan yang memberi peran positif pada pertumbuhan, jelasnya, adalah ekspor barang dan jasa yang naik 5,7 persen, meskipun impor juga naik 2,7 persen.


The drop in the household consumption's contribution to the GDP to 95.01 based on the consumer tendency index suggests that the consumer's economy is worsening.


Menurunnya peran konsumsi rumah tangga sesuai dengan indeks tendensi konsumen yang hanya 95,01 yang berarti ekonomi konsumen memburuk.


Meanwhile, the government consumption was low as this budget year started a few months ago, he said.


Sedangkan rendahnya konsumsi pemerintah karena ini memang masih di awal tahun anggaran, katanya


The Finance Ministry has set the economic growth rate target for 2008 at 6 percent, or 0.3 percent lower than last year's 6.3 percent.


Departemen Keuangan sendiri memproyeksikan pertumbuhan ekonomi 6,0 persen pada 2008, atau lebih rendah dari realisasi pertumbuhan 2007 6,3 persen.


The rupiah rose three points to Rp9,313/9,315 per dollar in the Jakarta interbank spot market on Monday as investors bought up the local unit, a foreign exchange analyst said.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Senin sore naik tiga poin menjadi Rp9.313/9,315 per dolar AS dibanding penutupan akhir pekan lalu Rp9.316/9.320, karena pelaku pasar membeli rupiah, setelah melepasnya.


The rupiah buyup is relatively small as investors are still waiting for a meeting of the group of eight G-8 industrialized nations expected to send a positive market sentiment, Rully Nova of PT Bank Himpunan Saudara said.


Aksi beli rupiah relatif masih kecil, karena pelaku pasar masih menunggu pertemuan negara-negara industri maju yang diharapkan akan memberikan sentimen positif pasar, kata Analis Valas PT Bank Himpunan Saudara, Rully Nova di Jakarta, Senin.


As previously expected, the rupiah which fell in the morning session would strengthen on Monday evening as the price correction was relatively small, he said.


Menurut dia, menguatnya rupiah yang sebelumnya terkoreksi sesi pagi turun sudah diperkirakan sebelumnya, karena koreksi harga yang terjadi relatif kecil.


But the rupiah buyup occurred ahead of the evening session so that it appreciated only slightly, he said.


Namun aksi beli rupiah itu terjadi menjelang penutupan sesi sore sehingga kenaikannya tidak begitu besar, katanya.


The rupiah's appreciation was inseparable from Bank Indonesia the central bank's efforts to keep the Indonesian currency at the safe level of Rp9,300 per dollar, he said.


Rupiah, lanjut dia juga dijaga oleh Bank Indonesia BI yang berusaha menjaganya agar tetap berada di posisi Rp9.300 per dolar AS yang dinilai cukup aman.


If the rupiah could be kept below Rp9,300 per dollar, it would be considered to be in the safest position, he said.


Apabila posisi rupiah berada dibawah angka Rp9.300 per dolar AS, maka mata uang lokal itu dinilai paling aman, ucapnya.


After all, it would be somewhat difficult for the rupiah to remain below Rp9,300 per dollar given the unpredictability of global market turbulences despite the absence of negative upheaval putting pressure on it, he said.


Meski demikian, menurut dia, rupiah mencapai angka dibawah Rp9.300 per dolar AS agak sulit, karena gejolak pasar global masih tak menentu meski tidak ada gejolak yang negatif menekan rupiah.


Slowly but surely, the rupiah would reach the level as it kept moving closer to Rp9,300 per dollar, he said.


Rupiah meski lambat, namun pasti akan mengarah ke sana karena terlihat dari posisinya yang terus mendekati angka Rp9.300 per dolar AS, katanya.


The Indonesian economy was also expected to pick up as reflected by investors' interest in investing in the domestic market, he said.


Ia mengatakan, pertumbuhan ekonomi Indonesia juga akan semakin membaik terlihat dengan sejumlah investor yang terus berminat untuk menginvestasikan dananya di pasar domestik.


State mining company PT Antam Tbk and Jindal Stainless Limited have agreed to build a nickel and stainless steel smelter in Indonesia's Southeast Sulawesi province.


PT Antam Tbk dan Jindal Stainless Limited telah menandatangani perjanjian usaha patungan untuk membangun fasilitas peleburan nikel dan stainless steel di Konawe Utara, Sulawesi Tenggara.


In its initial phase of operations the smelter will have an annual production capacity of 20,000 tons of nickel and 250,000 tons of steel, mostly high-quality stainless steel of the series 300, Antam President Director Dedi Adytia said on Tuesday.


Untuk tahap awal proyek ini direncanakan akan memiliki kapasitas 20.000 ton nikel dalam feronikel per tahun dan sekitar 250.000 ton untuk baja yang sebagian besar berupa stainless


He said the smelter would be 55 percent owned by Antam and 45 percent by Jindal.


Kepemilikan Antam dalam proyek tersebut sebesar 55 persen dan Jindal 45 persen.


Antam's contributions to the project would be expertise in nickel mining and processing as well as domestic knowledge and experience while Jindal's contributions would be stainless steel processing, marketing experience and global marketing networks.


Menurutnya kontribusi Antam pada proyek ini akan berupa keahlian di bidang pertambangan dan pemrosesan nikel serta pengetahuan dan pengalaman domestik. Sementara Jindal berkontribusi dalam pemrosesan stainless steel dan pengalaman pemasaran serta jaringan pemasaran global bagi penjualan dan distribusi untuk produk perusahaan patungan.


The smelter would process nickel ore originating from Antam's mining concessions in Mandiodo.


Proyek terintegrasi tersebut akan memproses bijih nikel yang berasal dari konsesi Antam di lokasi Mandiodo


The nickel ore was believed to have an average nickel content of 1.5 percent, he said.


yang memiliki kadar nikel rata-rata 1,5 persen.


He said the project would include a coal-fired power plant, water sanitation facility, port and housing complex.


Selain fasilitas pengolahan nikel dan stainless steel, pada proyek tersebut akan dilengkapi dengan pembangkit listrik tenaga batubara, sarana pengolahan air, pelabuhan serta infrastruktur lainnya termasuk sarana perumahan bagi karyawan.


The project would cost an estimated US$700 million, he said.


Total investasi diperkirakan 700 juta dolar AS yang akan dibiayai dari kombinasi ekuitas dan hutang yang optimum.


He said Antam and Jindal would soon set up a team to make preparations for the formation of a joint venture company to be called PT Antam Jindal Stainless Indonesia.


Dedi menambahkan tim bersama dari kedua perusahaan akan dibentuk dalam rangka pendirian perusahaan patungan dengan nama PT Antam Jindal Stainless Indonesia.


The project was part of Antam's business strategy to diversify its products, he said.


Bagi Antam, proyek ini merupakan bagian dari strategi bisnis dalam hal diversifikasi produk untuk meningkatkan nilai bagi pemegang saham.


Bank Bukopin agreed at its general shareholders meeting on Thursday to pay out a cash dividend of Rp187.56 billion or Rp33.07 per share.


Rapat Umum Pemegang saham RUPS PT Bank Bukopin BBKP menyetujui pembagian dividen tunai senilai Rp187,56 miliar atau Rp33,07 per saham.


He said the dividend accounted for 50 percent of the bank's net profit of Rp365.13 billion last year.


Direktur Utama BBKP Glen Glenardi, dalam konperensi persnya di Jakarta, Kamis, mengatakan, pembagian dividen ini setara dengan 50 persen dari total laba bersih tahun buku 2007 yang mencapai Rp365,13 miliar.


At the meeting the management of the bank also reported the use of Rp269 billion in funds from the initial public offering IPO in the first half of 2007.


Selain pembagian dividen, RUPS juga dilaporkan penggunaan dana hasil penawaran umum perdana IPO pada semeter pertama 2007, dimana perseroan telah menggunakan semua dana tersebut senilai Rp269 miliar.


Of the total, Rp188.3 billion 70 percent was used for credit expansion, Rp44 billion 15 percent for network expansion, Rp26.9 billion 10 percent for hardware and software instruments, and Rp13.55 billion 5 percent for employees' training.


Rincian penggunaannya adalah sebesar 15 persen atau senilai Rp44 miliar digunakan untuk perluasan jaringan kerja atau outlet, 10 persen atau Rp26,9 miliar untuk pembelian perangkat keras dan lunak, 5 persen atau Rp13,55 miliar untuk pelatihan karyawan, serta 70 persen atau senilai Rp188,3 miliar dialokaiskan untuk penyaluran kredit.


Indonesia's gross domestic product GDP is estimated to have grown by 6.2-6.4 percent in the first quarter of 2008, fueled by an increase in public spending and production, an official said.


Badan Perencanaan Pembangunan Nasional Bappenas memperkirakan produk domestik bruto PDB akan tumbuh pada kisaran 6,2-6,4 persen pada triwulan I 2008 yang didorong oleh peningkatan belanja masyarakat dan produksi.


Viewed from the high consumption side, our economic growth is still good, Secretary of the State Minister for National Development Planning/Chairman of the National Development Planning Agency Bappenas Syahrial Loetan said at the weekend.


Kalau melihat sisi konsumsi yang tinggi, pertumbuhan ekonomi kita masih baik, jelas Sekretaris Meneg PPN/Kepala Bappenas Syahrial Loetan di Jakarta akhir pekan lalu.


The GDP projection which was higher than Bank Indonesia the central bank's forecast of 6.1 percent was also based on the assumption that the US recession and global slowdown had no significant impact on the Indonesian economy, he said.


Syahrial Loetan mengatakan, perkiraan yang lebih besar dari prediksi Bank Indonesia BI sebelumnya 6,1 persen itu juga didasarkan pada asumsi bahwa resesi ekonomi AS dan krisis lainnya di dunia tidak berdampak signifikan pada Indonesia.


It the impact will likely be noticeable only in the second quarter.


Mungkin nanti baru terlihat dampak itu-red pada triwulan II nanti.


But we remain optimistic the GDP growth rate target of 6 percent can be achieved at the end of this year, he said.


Namun, kita tetap optimis target enam persen hingga akhir tahun bisa tercapai, ujarnya.


Meanwhile, Bambang Prijambodo, director of macro planning at the Office of State Minister for National Development Planning/Bappenas, said the GDP forecast was also reflected by the high sales in the retail sector, cement expenditures, import of capital goods, an increase in consumption credits and investment, strong export growth, particularly the export of non-oil/gas commodities expected to grow by 24.8 percent.


Sementara itu, Direktur Perencanaan Makro Kemeneg PPN/Bappenas Bambang Prijambodo perkiraan tersebut sesuai dengan yang terlihat pada masih tingginya penjualan pada sektor ritel, belanja semen, impor barang modal, meningkatnya kredit konsumsi dan investasi, serta ekspor yang masih kuat, terutama ekspor nonmigas yang diperkirakan tumbuh 24,8 persen.


Data from the agency show among the key drivers of rising public expenditures were the rise in motorcycle sales which increased by 36 percent from a year earlier, real index of retail sales in February which grew by 12 percent on a yearly basis and consumption credits which jumped by more than 200 percent from the first quarter of 2007.


Menurut data yang diperoleh Bappenas, beberapa faktor pendorong peningkatan belanja masyarakat adalah penjualan sepeda motor yang naik 36 persen dibanding periode yang sama tahun lalu, indeks riil penjualan ritel Februari 2008 yang naik 12 persen yoy, dan penyaluran kredit konsumsi yang naik lebih dari 200 persen dibandingkan triwulan I 2007.


The agency also noted investment rose by 2.2 percent, cement sales by 16.8 percent, import of capital goods by 102.5 percent, investment credits channeled by banks by up to Rp8.1 trillion, and credits channeled by banks as working capital by five folds from a year earlier.


Dari sisi investasi atau pembentukan modal tetap bruto PMTB, Bappenas mencatat adanya kenaikan 2,2 persen dalam realisasi izin usaha tetap IUT, kenaikan penjualan semen yang mencapai 16,8 persen dibanding tahun lalu, kenaikan impor barang modal hingga 102,5 persen. Juga terlihat , kenaikan kredit investasi yang disalurkan perbankan hingga Rp8,1 triliun, serta pertambahan kredit modal kerja yang disalurkan perbankan hingga lima kali lipat dari angka tahun lalu.


On a yearly basis, export revenues rose by 31.4 percent and import revenues by 49 percent with non-oil/gas imports growing by 17.1 percent and the number of tourist arrivals to Indonesia rising by 15.7 percent from a year earlier.


Dari sisi ekspor dan impor barang dan jasa, tambahnya, pihaknya mencatat kenaikan yoy penerimaan ekspor barang mencapai 31,4 persen, kenaikan impor barang yoy hingga 49 persen dengan impor nonmigas yang naik 17,1 persen, dan arus wisatawan mancanegara ke Indonesia naik 15,7 persen.


The GDP growth of more than 6 percent indicated that the Indonesian economy was still promising amidst the current economic turbulence, Harry Azhar Aziz, deputy chairman of the House's budgetary committee, said.


Pertumbuhan di atas enam persen itu, menurut Wakil Ketua Panitia Anggaran Panggar DPR Harry Azhar Aziz, mengindikasikan perekonomian Indonesia yang masih meyakinkan di tengah guncangan ekonomi saat ini.


But the growth is still worrying because it relies on the consumption sector that may expose it to inflationary pressures, he said.


Tapi masih mengkhawatirkan karena penopangnya masih sektor konsumsi yang berpotensi tertekan oleh inflasi, katanya.


The rupiah moved closer to Rp9,300 per dollar in the Jakarta interbank spot market on Monday evening as investors were worried about the looming public opposition to the government's plan to raise fuel oil prices.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Senin sore mendekati angka Rp9.300 per dolar AS karena pelaku pasar khawatir akan terjadi penolakan oleh masyarakat terhadap rencana kenaikan harga bahan bakar minyak BBM.


The public protests against the government's plan to raise fuel prices have prompted investors to buy up dollars and this caused the greenback to strengthen, money market observer Edwin Sinaga said on Monday.


Penolakan masyarakat melalui aksi demo atas rencana pemerintah menaikkan BBM mengakibatkan pelaku pasar membeli dolar AS yang memicu mata uang asing itu menguat, kata pengamat pasar uang Edwin Sinaga di Jakarta.


The rupiah weakened by 20 points to Rp9,260/9,270 on Monday evening from Rp9,240/9,254 per dollar at the weekend.


Nilai tukar rupiah terhadap dolar AS di pasar mencapai Rp9.260/9.270 per dolar AS dibanding penutupan akhir pekan lalu yang mencapai Rp9.240/9.254 atau turun 20 poin.


The current crude price spiral was a global issue that was forcing almost all countries, including Indonesia, to raise their fuel prices, and, therefore, the government's plan to raise fuel prices early next month was inevitable, he said.


Menurut Edwin, kenaikan harga BBM ini merupakan isu global yang terjadi hampir di semua negara bukan hanya di Indonesia. Kenaikan harga BBM tidak dapat ditunda lagi harus segera dilakukan pada awal bulan ini.


The increase in fuel oil prices would put pressure on the rupiah which was expected to hit Rp9,300 per dollar, he said.


Kenaikan BBM itu, lanjut nya, akan menekan rupiah yang diperkirakan akan bisa mencapai di atas angka Rp9.300 per dolar AS.


We believe the rupiah will continue to drop.


Kami perkirakan rupiah akan makin terpuruk,


But when it reaches a level of Rp9,300 per dollar, Bank Indonesia the central bank is likely to intervene in the money market to prevent it from depreciating further, he said.


namun pada angka Rp9.300 per dolar AS kemungkinan Bank Indonesia akan masuk ke pasar uang untuk menjaga kemerosotan lebih jauh, katanya.


He said the central bank had foreign exchange reserves large enough to keep the rupiah at a safe level.


Apalagi, menurut dia, BI memiliki cadangan devisa yang cukup besar untuk menjaga rupiah agar tetap berada pada level yang aman.


The planned fuel oil price hikes would lead to a higher inflation rate that might prompt the central bank to raise again its key rate which currently stood at 8.25 percent, he said.


Kenaikan BBM itu, juga akan menekan inflasi tinggi yang mendorong BI akan menaikkan lagi suku bunga acuannya yang saat ini mencapai 8,25 persen, katanya.


He predicted the money market would be sluggish in the next few days as investors tended to refrain from making transactions for fear of a massive rejection of the planned fuel price hikes.


Ia mengatakan, kenaikan BBM memang sangat berpengaruh terhadap hampir semua sektor, bahkan perbankan sendiri akan merasakan penyaluran kreditnya melambat, setelah perbankan menyesuaikan tingkat suku bunga setelah BI kembali menaikkan BI Rate.


The government believes the Indonesian economy will remain prospective in the next two years despite a global economic slowdown, a Finance Ministry official said.


Pemerintah berkeyakinan bahwa perekonomian Indonesia selama 2008-2009 tetap propektif meskipun perekonomian global mengalami perlambatan pertumbuhan.


The Indonesian economy will remain prospective in the 2008-2009 period in which it will expand by a range of 6-6.5 percent due to strong domestic demand and investment, Anggito Abimanyu, chief of the ministry's fiscal policy board BKF, said here on Wednesday.


Kondisi ekonomi Indonesia akan tetap prospektif selama 2008-2009, pertumbuhan ekonomi akan berada di kisaran 6 - 6,5 persen yang didorong oleh menguatnya permintaan domestik dan investasi, kata Kepala Badan Kebijakan Fiskal Depkeu BKF Anggito Abimanyu di Jakarta, Rabu.


The country's economic fundamentals would remain sound as reflected by Bank Indonesia the central bank's stable interest rate, the rupiah's stable exchange rate against the dollar and the rise in foreign exchange reserves, he said.


Pemerintah menilai, fundamental ekonomi Indonesia tetap sehat yang terlihat dari stabilnya tingkat suku bunga Bank Indonesia BI dan nilai tukar rupiah serta peningkatan jumlah cadangan devisa.


Realizing that the rise in food commodity prices would put pressure on inflation rate, the government would make every effort to prevent it from affecting the poor or the state budget, he said.


Kenaikan harga pangan serta komoditas lainnya memang berpeluang meningkatkan tekanan inflasi, namun pemerintah akan melakukan berbagai upaya untuk menjamin agar tidak berdampak pada masyarakat miskin atau defisit anggaran.


The soaring global crude prices which led to an increase in fuel subsidy had drawn the government's attention, he said.


Tingginya harga minyak internasional dan dampaknya terhadap meningkatnya beban subsidi yang harus ditanggung memang menjadi perhatian pemerintah saat ini.


The government was in the middle of formulating strategies to allocate fuel subsidy in a proper possible way, he said.


Pemerintah sedang merancang strategi dalam mengatur secara tepat beban subsidi BBM.


In addition, the government was also studying a number of options with regard to fuel subsidy to create fiscal balance, he said.


Menurut Anggito, pemerintah melakukan kajian atas berbagai opsi mengenai subsidi BBM guna menjaga keseimbangan fiskal.


The government realized whatever policies it had taken in relation to fuel subsidy would not satisfy all sides, he said.


Pemerintah berkeyakinan bahwa kebijakan apa pun yang diambil terkait dengan isu subsidi BBM tidak akan dapat memuaskan semua pihak.


Under the uncertain economic conditions, fiscal responsibility should top the list of the country's priorities, he said.


Namun, diyakini bahwa dalam situasi ekonomi yang tidak menentu, tanggung jawab fiskal hendaknya menjadi prioritas utama.


If the strategy of adjusting fuel prices and compensating the poor for the rise in food prices was carried out properly, the vast majority of the Indonesian people would accept a change in fuel subsidy scheme and this would in the end raise the market's confidence in the Indonesian economy, he said.


Menurut Anggito, jika strategi penyesuaian harga BBM yang disertai dengan paket kompensasi bagi masyarakat dilaksanakan tepat sasaran, maka mayoritas masyarakat akan menerima perubahan skema subsidi BBM. Kebijakan ini juga akan mendorong terciptanya kepercayaan pasar terhadap ekonomi Indonesia.


Publicly-listed plantation company PT Bakrie Sumatra Plantations Tbk at its general shareholders meeting on Wednesday decided to pay out a dividend of Rp17 per share.


Rapat umum pemegang saham RUPS PT Bakrie Sumatra Plantations Tbk UNSP yang berlangsung di Jakarta, Rabu memutuskan untuk membagikan dividen sebesar Rp17 per saham.


The total amount of dividends to be distributed is equal to 30 percent of the company's net profit totaling Rp206.6 billion in 2007.


Total dividen yang dibagikan tersebut setara dengan 30 persen dari perolehan laba bersih 2007 sebesar Rp206,6 miliar.


The dividends will be paid out to shareholders on July 10, 2008 at the latest, the company's president director, Ambono Janurianto, said here Wednesday.


Dividen ini akan dibagikan ke pemegang saham paling lambat 10 Juli 2008, kata Dirut UNSP, Ambono Janurianto di Jakarta, Rabu.


The meeting also decided to reappoint incumbent members of the board of directors with Ambono Janurianto as president director and increase the number of members of the board of commissioners by appointing former agriculture minister Bungaran Saragih.


Selain itu dalam RUPS juga disetujui pengangkatan kembali direksi saat ini yang dikomandoi oleh Ambono Janurianto sebagai Dirut. Serta menambah pengurusan baru dengan mengangkat Mantan Menteri Pertanian, Bungaran Saragih sebagai komisaris.


Mining company PT Aneka Tambang Tbk Antam has temporarily ceased granite exploration operations on Piatu Hill in Kijang Bintan district, Riau Islands, after being officially informed the hill lies in a preserved forest area.


PT Aneka Tambang Tbk ANTM menghentikan sementara usaha penambangan batu granit, di Bukit Piatu, Kijang Bintan Kepulauan Riau. Pasalnya penambangan batu granit tersebut dilakukan di kawasan hutan lindung.


After receiving a Forestry Minister's circular issued in October 2007, we sent a letter on April 25 to our partner in the project, PT Mitra Investindo Tbk, to stop the explorations, Antam's corporate secretary, Bimo Budi Satriyo, said here Friday.


Berdasarkan surat Menteri Kehutanan Oktober 2007, maka pada 25 April lalu, kami mengirim surat kepada PT Mitra Investindo Tbk. selaku partner dalam proyek ini, untuk mengenhentikan sementara kegiatan penambangan, kata Sekretaris Perusahaan Antam, Bimo Budi Satriyo di Jakarta Jumat.


Bimo said the granite exploration area had become subject to a governmental investigation so continuing the exploration activity would make Antam as the concession-holder liable to legal sanctions.


Bimo mengatakan, lahan penambangan batu granit itu dalam status penyelidikan, sehingga apabila penambangan tetap dilanjutkan akan mengakibatkan dampak hukum yang serius bagi Antam sebagai pemegang Surat Izin Pertambangan Daerah SIPD.


PT Caraka later merged with PT Siwani Trimitra Tbk into a company which later became known as PT Mitra Investindo Tbk MITI while Antam's contract with PT Caraka was eventually taken over by MITI.


Selanjutnya, perseroan bergabung dengan PT Siwani Trimitra Tbk yang kemudian disebut sebagai PT Mitra Investindo Tbk. MITI. Dengan demikian seluruh kontrak Antam dengan Caraka Barata beralih kepada MITI.


The exploration contract was valid from June 11, 2004 through June 10, 2009.


Kerja sama penambangan antara Antam dan PT. Caraka Berkat Sarana dimulai sejak 11 Juni 2004 hingga 10 Juni 2009.


Now we are waiting for the result of the governmental investigation and the rechecking on the forest borders.


Saat ini kami masih menunggu hasil penyelidikan dan pengecekan ulang tata batas areal yang dilakukan Departemen Kehutanan,


Therefore, the future of the ANTAM-MITI cooperation is still unclear.


jadi kelanjutan kerja sama Antam MITI belum dapat ditentukan.


Of course, we will adhere to the rules, Bimo said.


Tentunya kita akan patuhi sesuai aturan, kata Bimo.


He said, the temporary cessation of exploration activity would not have a significant impact on the company's income as granite was not its core business.


Menurut Bimo penghentian sementara kegiatan penambangan tidak memberi dampak signifikan terhadap pendapatan perseroan. Pasalnya, kegiatan ini bukan bisnis inti Antam dan hanya memberi kontribusi yang sangat kecil pada perseroan.


Under the cooperation agreement, Antam would get a S$0,35 fee on every ton of granite mined.


Berdasarkan kontrak kerja sama, Antam akan mendapat bayaran fee sebesar 0,35 dolar Singapura per ton,


With a monthly granite production of 50,000 tons, the company would earn some S$17,500 per month or some S$210,000 per year from the granite mining venture.


sehingga dengan tingkat produksi per bulan yang mencapai 50.000 ton, maka Antam memperoleh pendapatan sekitar 17.500 dolar Singapura setiap bulan atau 210.000 dolar Singapura per tahun dari proyek penambangan batu granit ini.


The rupiah edged closer to Rp9,300 per dollar in the Jakarta interbank spot market on Wednesday evening following a rush on the greenback prior to the government's decision to raise fuel prices.


Kurs rupiah terhadap dolar AS di pasar spot antar bank Jakarta, Rabu sore hampir mencapai angka Rp9.300 per dolar AS, karena pelaku pasar makin memburu dolar AS menjelang pemerintah menaikkan harga bahan bakar minyak BBM.


The on-going student rallies to protest against the planned fuel price hike worried investors so they bought up dollard, Kostaman Thayib, retail banking director of PT Bank Mega, said on Wednesday.


Aksi demo mahasiswa yang berlanjut menimbulkan kekhawatiran pelaku dan mendorong mereka untuk terus membeli dolar AS, kata Direktur Retail Banking PT Bank Mega Tbk, Kostaman Thayib di Jakarta, Rabu.


The rupiah weakened by 37 points to Rp9,295/9,310 per dollar on Wednesday from Rp9,258/9,277 the day before.


Nilai tukar rupiah terhadap dolar AS melemah 37 poin menjadi Rp9.295/9.310 per dolar AS dibanding penutupan hari sebelumnya Rp9.258/9.277.


He predicted the rupiah was likely to weaken to more than Rp9,300 per dollar prompting Bank Indonesia the central bank/BI to intervene in the money market.


Ia mengatakan, rupiah kemungkinan akan terus melemah hingga jauh di atas Rp9.300 per dolar AS, namun Bank Indonesia BI diperkirakan akan masuk pasar.


BI had foreign exchange reserves large enough to prevent the local unit from depreciating further, he said.


BI akan melakukan intervensi untuk mencegah rupiah terpuruk lebih jauh, apalagi BI mempunyai cadangan devisa yang cukup besar, ucapnya.


For the time being, the rupiah was under market pressure, he said adding the pressure would increase if global crude prices rose again.


Rupiah untuk sementara ini akan berada di bawah tekanan pasar dan tekanan itu akan semakin besar apabila harga minyak mentah dunia kembali bergejolak.


Another pressure on the rupiah was the weak regional share market triggered by a drop in the Wall Street's index, he said.


Apalagi pasar eksternal juga cenderung menekan rupiah, seperti pasar saham regional yang melemah akibat merosot bursa Wall Street, tuturnya.


He said the government's plan to raise fuel prices by up to 30 percent would have a negative impact on economic growth which had been projected at 6 percent for this year.


Menurut dia, rencana kenaikan harga BBM sebesar 30 persen akan menimbulkan berbagai dampak negatif terhadap pertumbuhan ekonomi nasional yang semula ditargetkan di atas 6 persen akan turun menjadi di bawah enam persen.


The unfavorable condition would affect the people's purchasing power and consequently, many investors would invest their capital abroad, he said.


Kondisi ini pada gilirannya akan menekan daya beli masyarakat semakin berkurang, akibatnya, banyak investor asing yang akan mengalihkan dananya ke pasar lain, ucapnya.


The government plans to raise fuel prices in late May to ease pressure on the state budget from the upward trend in global crude prices.


Meski saat ini investor asing masih bermain di pasar domestik, akibat selisih tingkat suku bunga rupiah terhadap dolar AS yang tinggi.


Suzuki motor-vehicle producer PT Indomobil Suzuki Internasional said it had yet to lower its sales target in the face of the government's plan to raise fuel oil prices in June 2008.


Produsen kendaraan bermotor roda dua dan sepeda motor Suzuki belum akan menurunkan target penjualan meski pemerintah akan menaikkan harga bahan bakar minyak BBM pada awal Juni 2008.


Our sales target does not change.


Target kami masih tetap,


Our targets for cars and motor-cycles are 80,000 units and 900,000 units respectively in 2008, PT Indomobil Suzuki Internasional President Director Subronto Laras said here on Wednesday.


Target kami masih tetap, yaitu 80.000 unit mobil pada 2008 dan 900.000 unit sepeda motor, kata Presiden Direktur PT Indomobil Suzuki Internasional, Subronto Laras, di Jakarta, Rabu.


He said during the first four months of 2008, when prices of basic necessaries were on the increase, demand for motor vehicles was still high.


Menurut Subronto, selama empat bulan pertama tahun 2008, atau di tengah kondisi harga-harga kebutuhan pokok telah melonjak sebelum kenaikan BBM direaliasikan, permintaan terhadap otomotif justru masih tinggi.


There is exceptional demand.


Terjadi 'over demand' kelebihan permintaan yang luar biasa.


Suzuki motorcycle sales reached 250,000 units, he said.


Penjualan sepeda motor Suzuki selama periode itu mencapai 250.000 unit, ujarnya.


In spite of this fact, however, Subronto said his company would continue to anticipate various possibilities that could happen after fuel oil prices were hiked in June, 2008.


Meski demikian Subronto menjelaskan, pihaknya tetap mengantisipasi berbagai kemungkinan yang terjadi pasca kenaikan BBM yang dijadwalkan mulai awal Juni 2008.


We will see the conditions first.


Kita melihat situasinya.


We can just take anticipative steps in the form of delaying the marketing of new brand like the 2,400 cc Grand Vitara which consumes fuel more wasteful then its previous generation, he said.


Bisa saja antisipasi dilakukan dengan menunda dulu penjualan merek baru, seperti Grand Vitara 2.400 cc, yang logikanya agak boros bahan bakar dibanding seri sebelumnya, katanya.


The same thing could also apply to 'matic scooter' motorcycle which is more two times fuel wasteful than that of the 'bebek' type, whose price is lower.


Demikian halnya dengan sepeda motor jenis skutermatic yang dua kali lebih boros bahan bakar dibanding sepeda motor jenis bebek dengan harga yang lebih murah.


In the last two years, demand for 'matic' scooter motorcycles increased 25 percent of total Suzuki motorcycle sales.


Dalam dua tahun terakhir permintaan skutermatic melonjak hingga sekitar 25 persen dari total penjualan sepeda motor Suzuki.


This has caught our attention to see whether fuel oil price hikes would change the market's behavior, Subronto said.


Ini menjadi perhatian kita, apakah dengan kenaikan harga BBM terjadi perubahan karakter pasar, katanya.


He hoped that the impact of fuel oil price increases could well be anticipated because the current conditions were different from those when the government raised fuel oil prices in 2005.


Untuk itu ia berharap, dampak kenaikan BBM saat ini bisa diantiapasi dengan baik karena berbeda saat pemerintah menaikkan harga BBM pada tahun 2005.


At that time, sales dropped 40 percent.


Ketika itu tahun 2005-2006 penjualan kendaraan bermotor anjlok hingga 40 persen.


The impact this year at least is expected on the industry, he added.


Tahun ini diharapkan dampaknya minimal terhadap industri, katanya.


Prediction that this year the impact of fuel oil price hikes would not as worse as those in 2005 was also voiced by president director of Bank Mandiri, Agus Martowardojo.


Keyakinan bahwa dampak kenaikan BBM tahun ini tidak separah tahun 2005 juga disampaikan Dirut Bank Mandiri Agus Martowardojo.


Because the price increase in 2005 was 100 percent, all sectors of businesses felt its impact, though world oil price at that time was only US$60 per barrel, he said.


Menurutnya, meski harga minyak di pasar internasional tahun 2005 hanya 60 dolar AS per barel karena didorong kenaikan BBM dalam negeri hingga sekitar 100 persen mengakibatkan seluruh sektor tertekan.


Senior Deputy Governor of Bank Indonesia BI, the central bank Miranda S. Goeltom said she strongly believed the expected high inflation rate due to the increase in fuel oil prices can last for a shorter period than that in 2005.


Bank Indonesia BI menyatakan keyakinannya bahwa meningkatnya inflasi sebagai dampak dari kenaikan harga BBM dapat dipersingkat jika dibanding dampak kenaikan harga BBM pada tahun 2005.


We strongly believe that if all government policies are in tandem with BI's policies, the duration of the high inflation rate as the impact of the increase in fuel oil prices can be shorthened, Miranda said here Thursday.


Kami punya keyakinan besar, jika semua kebijakan pemerintah dan kebijakan BI bisa berjalan 'intandem' berjalan searah, maka dampak berupa inflasi yang meningkat bisa diperpendek, kata Deputi Gubernur Senior BI, Miranda S. Goeltom di Jakarta, Kamis.


She said the high inflation rate as the impact of the increase in fuel oil prices in 2005 by more than 100 percent abated only after three to four months.


Miranda menyebutkan, ketika pemerintah menaikkan harga BBM pada tahun 2005 lebih dari 100 persen, dampak berupa inflasi yang tinggi baru mereda setelah sekitar tiga hingga 4 bulan kemudian.


That the fuel oil price hike would indeed bring about a high annual inflation rate, but we believe this time the duration of the high inflation rate can be shortened compared with that in 2005, she said.


Memang itu akan berdampak kepada inflasi tahunan yang besar, tapi kami yakin bisa diperpendek dibanding tahun 2005, katanya.


Asked how big the impact of the 28.7 percent increase in the fuel oil prices on the inflation rate would be, Miranda said it would depend on the first effect only in terms of the increase in the fuel oil prices or the second effect.


Mengenai berapa besar dampak kenaikan harga BBM sebesar 28,7 persen terhadap tingkat inflasi, Miranda mengatakan, besarnya akan tergantung dari apakah hanya dari sisi kenaikan harga BBM-nya saja first effect atau efek bergandanya atau second effect.


We should remember that monetary policies will not react to the current or past inflation rates but we react to the inflation expectation.


Harap diingat bahwa kebijakan moneter tidak bereaksi terhadap inflasi saat ini atau masa lalu tetapi kita bereaksi terhadap ekspektasi inflasi.


We will make the necessary policies to minimize the possible impacts in the future, she said.


Kita akan melakukan kebijakan yang diperlukan untuk meminimalisasi dampaknya ke depan, katanya.


On the possibility of BI making tight monetary policies by increasing the interest rate, she said BI would make the necessary monetary policies, adding that the expected policies would depend on the latest information.