Belcanto Business Studio

Economic and Industrial News

Economic and Industrial News; Regional Morning: The majority of Asian stocks rose after Japan’s economy grew faster than previously reported in 1Q. Reinforcement is also driven by strong commodity prices. Mitsubishi UFJ Financial Group Inc., the largest bank by market value Japan, rose by 1% in Tokyo. Toyota Motor Corp.. (+0.3%). Mitsubishi Corp.. (+1.2%). BHP Billiton Ltd.. (+0.2%) In Sydney. Nikkei (+0.3%) 9.464 S & P / ASX 200 (+0.6%) 4.410 Kospi (-0.11%) 1.645 STI (+0.23%) 2.751

Commodity: Crude oil fell for the first time in three days in New York after the Federal Reserve said the U.S. economy in many countries dampen, send a signal that fuel demand may be moderating. Crude oil starts to weaken again after experiencing a 3.3% gain yesterday after U.S. stocks fall in energy and financial sectors in the release of the Fed’s Beige Book survey.

Fed Chairman Ben S. Bernanke said the recovery is not as strong as expected in the face of risk of European debt crisis. Energy Department report showed gasoline supplies are higher than expected. WTI Crude (-0.6%) $ 73.9/barrel Gold (-0.3%) USD 1.230 / t oz CPO (-0.1%) 2.544 RM / MT Nickel (+4.3%) USD 19.270 / MT Tin (+2.4%) USD 16.325 / MT.

Economic: 3 Sectors relaxed for ASEAN investors

Investors from ASEAN countries who wanted to invest in Indonesia are given leeway in the shareholding of foreign investors than the other three sectors in particular. The third sector is the business of loading and unloading of goods (maritime cargo handling services), sea freight business overseas are not included sabotage, golf and leisure businesses. This was stated by Deputy Trade Minister Mahendra Siregar additional rules related to the new Presidential Regulation No.36/2010 listed in the Investment Negative List (DNI) issued by the government today.

Energy: Weighting increase in TDL assessed

After Basic Electricity Tariff rise 10% certainty, the Ministry of Energy and Mineral Resources (EMR) and the House of Representatives Commission VII soon to discuss the weighting scenario examines the increase in TDL per customer classification, determination of the plan related increase in electricity tariff (TDL) starting July this year. Director General of Electricity and Energy Ministry of Energy and Mineral Resources Purnomo said Jacobus ministry has submitted a proposal about the increase in TDL scheme to the Commission VII of DPR.

Economic: Hold LPS at 7% Interest Guarantee

Deposit Guarantee Institution (LPS) provides deposit guarantee a reasonable rate of rupiah deposits in commercial banks the period 15 May 2010 – 14 September 2010 by 7%. Reasonable interest rate foreign currency deposits and deposits amounting to 3.75% in the Rural Bank redemptions of 10.25%. LPS Secretary Fajarprana Ahmad, said the policy was taken in the LPS Board of Commissioners Meeting of LPS.

Energy: OPEC Oil Demand Declines

Although neither the Organization of Petroleum Exporting Countries OPEC see world economic growth would be higher than originally estimated, it does not mean demand for black gold is going to increase. In an official report in June this OPEC, oil demand in the second half of 2010 was not going to go up. Although OPEC expects global growth will be 3.8% or jumped higher than his original prediction of 3.5% in 2010. The reason is that estimated the Greek crisis has far-reaching impact.

Property: Finance minister: Buy Apartment Rupiah Mandatory Use

Finance Minister says Agus Martowadojo obligatory transactions in all regions of Indonesia using dollars. No exceptions to areas that there are many foreigners visiting or residing. But in general that there would be another example like in Batam to buy flowers, but the quote in Singapore dollars.

Europe: A ban on Short Selling of Europe in Door Threshold

Berlin and Paris compact requested ban also shows they have the same vision. Germany and France urged the European Commission to consider a ban on short selling transactions that apply to the whole of Europe. German Chancellor Angela Merkel and French President Nicolas Sarkozy issued a joint statement published by the German government, yesterday in Berlin. They emphasized the importance of strict control of the transparency of short selling transactions on shares and bonds, especially government securities.

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