Ciputra, The low percentage pity Entrepreneur in Indonesia

Ciputra

NUSA DUA - Founder of Ciputra Group, Ir. Ciputra, deplored the low percentage of entrepreneurs in Indonesia. Currently the percentage of new entrepreneurs in the country reached 0.18 percent.

"Ideally, the percentage of employers that a minimum of two percent. We've only reached 0.18 percent," Ciputra said when met at the sidelines of the 'Regional Entrepreneurship Summit 2011', in Nusa Dua, Bali.

Ciputra said alias mindset ingrained mindset of the employee must be converted into an entrepreneur minded minded. He said the change in mindset must be done from a bench-kindergarten through college.

"As many as 90 percent of our problems that mindset into an entrepreneur who is still lacking," Ciputra straightforward. To that end, he proposed to the government to change the education curriculum in order to birth an independent personality and have a mental self entrepreneur.

Mindset changes, added Ciputra, also needs to be done in the ranks of faculty as teachers. "Teachers should be washed mindset in order to educate students to be creative," said Ciputra. He said if a change of mindset has been successfully performed and the role of government is active, the percentage of entrepreneurs can grow to two percent within the next 25 years.

"The budget to develop entrepreneurship as well if you can be 10 percent of the existing allocation. If now the education budget of Rp 250 trillion, so 10 percent or Rp 25 trillion for it," said Ciputra. He is optimistic that if the educational curriculum change, mindset and the increasingly active role of government, economic growth in Indonesia could eventually reach 10 percent per year.

reference: REPUBLIKA[CO][ID]

If Want to Increase Market, BUMN (state-owned enterprises) Sharia Must Be

JAKARTA - The growth of Islamic banking is still in numbers ranging from 3.5 per cent, making a number of analysts believe Islamic state is required. Conversion of conventional state-owned banks into Islamic state is believed to be able to increase market islamic country.

According to economic analysts sharia Muhammad Syafii Antonio, if this is done, the market share of Islamic banking can penetrate up to 20 percent. "There Will be an increase of of at least seven to eight percent," he said.

He said, it was often he put to regulators, including Bank Indonesia (BI). A number of conventional state-owned banks and regional government-owned (public enterprises) has been proposed to be Islamic banking, including Bank Rakyat Indonesia (BRI), BTN (State Savings Bank), and Bank Jabar Banten (BJB).

But unfortunately, this has not justified the government. "Maybe they thought a national bank would have to service the national needs. In fact, it's like kosher food that can be enjoyed not only Muslims but also non-Muslims, "he explained.

In addition, he said if want to get ahead, Islamic banks must also intensify advertising in the media. "The budget should be a big ad," he said.

It also made ??the Malaysian government to promote sharia banking. This method is also used to give people an understanding about what exactly this industry and the importance of conducting economic activities according to the Shari'a.

Reference: republika[co][id]

Do Investments, So You Rich

We all know that the asset is a very valuable and humans are the most valuable asset because it is the grace of God the Creator. If sorted, then there are various kinds of assets in the face of this earth, but that is discussed here is limited to assets related to its main financial planning financial assets only.

Speaking about the addition of assets, it would be wise if we perform an evaluation of wealth (assets) net we have. Assets or net worth is the difference of the total wealth or property that you have reduced by all the existing debts.

Mathematically it can be written as follows:
H (Treasure) - U (Debt) = KB (Net Worth)

Then what is meant by wealth, aka treasure?, Is anything material you have and have a sale value (economically), for example:

   1. Balance at Bank (savings, current accounts & deposits);
   2. The market value of investment assets (bonds, mutual funds & stocks);
   3. The market value of pure gold jewelry (precious metal);
   4. Cash value life insurance;
   5. The market value of your property (the calculation is realized price for sales of property class and the closest object + tax sale value divided by 2);
   6. The market value of the vehicle (car, motorcycle);
   7. The market value of household appliances (kitchen appliances, electronics, etc.);
   8. The market value of home furnishings (furniture), the value of personal items, etc..


Then what is meant by debt?, Is the entire remainder of the loan (principal and interest) you have (remember the loan rather than equity investment from another party to you), for example:

   1. Short-term debt (up to 1 year);
   2. Medium-term over 1 year to 5 years;
   3. Long-term debt over 5 years.


The next question is how to improve the asset?, Do the investment, here are the steps:

1. Invest with a minimal amount of 10% of your income;
2. Determine target (target) such investments, eg for children's education fund during university entrance or for the preparation of buying a new home or perhaps for a vacation with the family?, Etc..;
3. Determine the time available, based on points 2 get the time available, ie available to fund 10 years of education (for parents who have children by age 8 years), funds to buy a house is planned 5 years from now and to fund needed vacation time (eg ) 9 months from now;
4. Determine your investment instruments based on the time available, form your personal investment portfolio, eg as follows:
a.Waktu available for less than 1 year, Money Market Mutual Funds (RDPU) with a combination of the deposits;
b.Waktu available between 1-3 years, Mutual Funds Fixed Income (RDPT) combined with the Balanced Fund (RDC);
c.Waktu available between 3-5 years, Balanced Fund (RDC) with a combination Equity Fund (RDS) and if possible (depending of your cash assets) can be coupled with a little combination on the purchase and sale of shares (trading) on ??the stock exchange ;
d.Diatas 5 years, Equity Fund (RDS) in large part, by a combination of investments in stock trading (fraction);
e.Catatan addition to points 'c' and 'd' is recommended only for those who already have cash assets are illiquid in the form of emergency funding that has reached 6 to 12 times the average expenditure per month;

5. Do the protection of your financial assets by purchasing life insurance through traditional products with this type of YRT (Yearly Renewable Term) ie, products that only give the insurance money without any investment or savings element. Why this type?, Because it has a large sum assured with a minimal premium, while the insurance combined with investment (unit-linked) proved in the first 5 years the cost is very expensive.

6.Lakukan monitoring of point 4 above, see the development of investment funds versus the minimum target to be achieved.

After the step to increase assets through investments made, the next step is to re-evaluate periodically against your net worth, here is the formulation of Ideal ratio Net Worth (at least, mathematically:
Us (Age) X PT (Annual Income) / 10> = 3.5 PT (Pedapatan Annual)
So after you make an investment please evaluation (annual periodical), whether:

    * KB (Net Worth) you're> = 3.5 PT or
    * KB (Net Worth) you've been <3.5 PT


For details see sample table below, two workers with different positions:
Description Director of Employee
Age (years) 35 35
Revenues / Month (Average) Rp 35,000,000 Rp 2,500,000
Income / Year $ 420 million to Rp 30 million
Net Worth USD 850 million to Rp 125 million

Description / Analysis:
The total net worth of the Director of Rp 850 million, a net worth of the employees is only Rp 125 million, but in fact the employee is richer than the Director, this is because:
Net Worth Ratio Director of Employee
Ideal Ratio 2.02 4.17 Net Worth
Ideal Ratio of Net Worth (minimum) 3.50 3.50

So it turns out the director is not richer than the employee because the Director of Net Worth ratio is only 2.02 (may have a large debt is accompanied by a lavish lifestyle), while the employee has a Net Worth ratio is better than the minimum standard that is equal to 4, 17. Do not blame yourself if the ratio is not reached, this is the first step to doing financial planning, keep a minimum ratio of 3.50 can be achieved in a timely manner.

If you want to become financially rich are the first message is "Do You Get Rich Investing then", do not think backwards "to invest When Has Rich! '. Please try this simple message as far as we know the world's richest people doing the first message, good luck.

Reference: Taufik Gumulya detikFinance

Stock Investing Can Lay People?

Have a question about a layman who does not understand the ins and outs of stock investing. He considered a very profitable stock investments, he is also keen to set aside part of their income for stock investments. The question is whether he wishes to invest in these shares is right?

According to Ahmad Gozali, financial planner at Safir Senduk & Partners. Investments basically need an understanding of the investors in the run. For someone with sufficient understanding of capital markets, of course, investing in stocks right thing to do. And conversely, if you do not understand the stock market, investing in stocks is not recommended.

So a layman should not invest in stocks? Not really, his advice is to learn first well. Understand all of its provisions, before starting to invest.

Share Sale Delayed Muamalat

JAKARTA - Sales of shares of the country's oldest Islamic bank, PT Bank Muamalat Indonesia, was postponed until an undetermined time. According to Director of Muamalat, Arviyan Arifin, have not found an agreement on prices is one reason.

He confessed to the bank with a performance like Muamalat, the bank is indeed quite high. ''So, the possibility of local investors do not have the funds for it,''he told Reuters when met at the sidelines of the Joint High Level Conference on Islamic Finance, on Monday (18 / 7).

In addition, he said the desire of investors, especially in the country to buy Muamalat also collided maximum limit rules Lending (LLL). Where the LLL should be 10 percent of the capital.

''If they have a capital of Rp 50 trillion, LLL it means around Rp 5 trillion. Well the price we were on top of this,''he explained.

Discussion of restrictions on foreign stocks and individuals who are being deliberated Bank Indonesia (BI) is also a reason in itself. He asserted that the sale of shares is a way of shareholders seeking strategic partners to develop Muamalat. ''But, that does not mean they did not commit,''he explained.

reference: republika[co][id]

Develop Cooperation Indonesia-Malaysia Islamic Finance

JAKARTA - Bank Indonesia and Bank Negara Malaysia agree to boost cooperation in the development of Islamic finance. It involves the cooperation of Islamic banking is growing rapidly lately.

"Islamic finance such as Islamic banking is no longer the compliment (complementary) but has an alternative financing, said the Governor of Bank Indonesia Nasution said in Jakarta on Monday (18 / 7)." So there should be synergy of cooperation or collaboration between Islamic banking in Malaysia and Indonesia to improve quality and expand the Islamic market, "he added.

Nasution spoke at the opening of a summit of Islamic Finance between the Bank and Bank Negara Malaysia which was attended by vice president, Governor of Bank Negara Malaysia, Zeti Akhtar Aziz, and Raja Muda Perak, Raja Naznin Shah, who was ambassador to Malaysia's Islamic finance.

Darmin explained in this conference will discuss technical issues such as differences in perspective sharia sharia in Indonesia and Malaysia as well as issues of accounting standards and others.

According to him, the Islamic financial system of Indonesia have much to learn from Malaysia which has grown rapidly. In the Sukuk market, scooped 72 per cent share of Malaysia's sukuk market in the world.

"Islamic finance industry in Malaysia has developed rapidly, while Indonesia is very potential market given that the largest Muslim population. So all the structure of Islamic finance issues will we elaboration of all," he said.

While Zeti explained that the cooperation of Malaysia and Indonesia build the Islamic finance industry is very important considering the contribution of Islamic finance is a deepening of the global economy.

"The Islamic financial system is increasingly important in the global economy. So it's important for us to take this opportunity, not only Malaysia and Indonesia but also other Asian countries," he said.

According to Islamic finance has a strategic opportunity to develop economic growth, so it needs cooperation with each country to develop it.

"Islamic finance will strengthen the welfare and prosperity are desirable," he said.

Reference: REPUBLIKA[CO][ID]

VP: Islamic Finance Has Special Features

JAKARTA - Vice President, Boediono assess Islamic finance has special advantages compared to conventional finance. He said this has become its own guidelines in the Islamic finance operations and make it survive the disastrous economic crisis in 2008 and 2009.

Sharia''has a special sign of the financial activities of the sector rill,''he said in the opening of the Joint High Level Conference of Islamic Finance, on Monday (18 / 7). In addition, he said, the financial system also reduces the risk of decupling between risk and reward.

He said, this advantage must be maintained. He asserted, it must be maintained despite the trend of convergence between Islamic and conventional finance.

Global Islamic financial system grew rapidly to more than 20 percent since 2000. Although starting from a small degree, ie one percent of total global financial assets, financial predicted this in 2012 will reach 1600 billion U.S. dollars.

In the report the IDB-IFSB, globally there are 500 Islamic financial institutions that demonstrate the rapid increase in assets, of 639 billion U.S. dollars in 2008 to 822 billion in 2009 or about 29 percent. For comparison, in the same period, the growth of a thousand top of conventional banks is only about six to seven percent.

For sukuk, issuance of these financial instruments globally reached 50 billion U.S. dollars in 2010, with Malaysia's foremost publisher of 33 billion U.S. dollars. Indonesia had just succeeded in issuing sukuk about 3 billion U.S. dollars.

Meanwhile, similar advantages are also recognized the Governor of Bank Indonesia, Nasution. When found in the same place, he said the economic slowdown in some countries like the U.S. and Europe will inevitably be an effect on Indonesia, including Islamic finance. ''But because more directed to small and medium enterprises, this may not be a big impact,''he explained.

Islamic banking in Indonesia, within the last 10 years has managed to increase assets to 56-fold. An increase in assets of Rp 1.79 in 2000 to Rp 100.2 trillion at the end of 2010.

Recorded an impressive growth rate of 50.58 percent per year. Throughout 2010, the Islamic banking business grew by a very high volume that is equal to 46.98 percent.

As of April 2011, the central bank noted there are 11 Islamic banks (BUS), 23 units of sharia (UUS) and 153 people of Islamic bank financing (SRB) and the 1884 Islamic service office network. Islamic banking ATM networks supported six thousand and seven thousand ATM Bersama Prima.

Reference: REPUBLIKA[CO][ID]

BI: Class of Defeat Rupiah Ringgit Border

BATAM - Distribution of the money that is not smooth to the outer islands of Indonesia triggered weaker purchasing power in the region. Not only that, the lack of supply makes the position of rupiah currency was replaced by the other countries bordering Indonesia.

Deputy Head of the Bureau of Circulation of Money Policy (BKPU) Bank Indonesia, Hasiholan Siahaan said, inflation can occur due to lack of rupiah in circulation in the area, especially in small nominal. So the price of goods should be cheap to expensive.

As a result of traders tend to fill up the goods at a nominal value of money in circulation. "For example the original price of only $ 700. Due to no money with nominal Rp 500 and Rp 200 to Rp 1,000 menggenapkannya traders, "he said on Sunday (17 / 7).

Banks looked, redistribute the money the small cost is greater. Bringing money to one million in the form of Rp 100 thousand would be easier because it only takes a small conveyance.

The lack of supply of money also makes the position of rupiah on the outer islands are displaced by other state money. "For example in the areas of Borneo near the border of Indonesia and Malaysia. There Rupiah inferior, "he said.

Sale and purchase transactions are conducted more frequently used than Euro Ringgit. It is also caused by poor distribution of goods within the country lane to the place. As a result more people use products from Malaysia than Indonesia.

To solve all these problems, Bank Indonesia in cooperation with the Navy to provide cash services in the areas around it. Once in Miangas and surrounding areas, this program was held at the District Anamas and Natuna.

Bank Indonesia Rupiah bring as much as USD 3 billion in exchange for money shabby community property in the Natuna Islands.

Reference: REPUBLIKA[CO][ID]

Google Quarterly Profit Jumped To be 2.51 Billion Dollars


SAN FRANCISCO - Google on Thursday reported that profits soared to 2.51 billion dollars in the fiscal quarter that ended recently (June), due to record high revenues of more than nine billion dollars.

"We had a great quarter, with revenue up 32 percent year-on-year (yoy) to break a record revenue of more than nine billion dollars," Google founders Larry Page and chief executive said in a statement.

The company reported that more than half of Google's revenue, 4.87 billion U.S. dollars, came from outside the United States. Google's stock quickly jumped more than 12 percent to 593 U.S. dollars per share, after releasing earnings figures.

Payment "click" on the Internet advertising company money-making machine at the heart of Mountain View, Calif., was 18 percent higher than in the same quarter last year.

Google reported that as of June 30, it has 28 768 full time employees compared with 26 316 workers at the end of the first three months of this year.

refence: REPUBLIKA[CO][ID]

OJK bill stalled, the Government and Parliament Find meeting Point

JAKARTA - Members of the House Commission XI, Achsanul Qosasi states, the government and Parliament are still talking about the formation of the board of commissioners in OJK later. Parliament still firm to the composition of the board of commissioners from two of the House, five independent, and two from the government.

While the government proposes komisoner board consists of two ex-officio and seven members of the government. "Both options are pretty good, obviously there must be a point temunya," he said in Jakarta on Thursday (14 / 7).

While other members of the committee bill OJK Harry Azhar Azis said the board of commissioners will have a chairman who gave birth to a matter of institutional and international courts. Vice-chairman who gave birth to a matter of internal governance.

In addition, there are commissioners who take care of banking, capital markets, IKMB, and other financial institutions. OJK also equipped with the audit and ethics committee. "In addition, members who take care komisoner consumer protection and law enforcement," said Harry.

So far, the government and parliament have agreed to conduct the fit and proper test board of commissioners. Previously proposed, the appointment of the board of commissioners candidate appointed by the government and confirmed by Parliament.

Confirmation was conducted to assess the character and track record of prospective commissioners. "Well now, we agreed that the commissioners appointed candidate does not pass the confirmation, but through a fit and proper by the House," he said.

Government and Parliament have also agreed about the independence OJK. Later OJK be independent in two structurally and functionally. "They will be structurally independent such as the Attorney General and functionally independent as MK, BI, and the KPK," said Achsanul.

OJK can investigate, but they can not prosecute.

Reference: REPUBLIKA[co][id]

OJK bill stalled, for BI That Good News

JAKARTA - The House of Representatives and the government never get a consensus in the discussion of the bill the Financial Services Authority (OJK). OJK wrong when it should bill in coming weeks. For Bank Indonesia (BI) development is a positive thing.

Governor of Bank Indonesia Nasution said that since the beginning of Bank Indonesia is not involved in the discussion of the bill OJK. "We never invited," he said on Thursday (14 / 7).

He also stated, when the discussion of the bill is still constrained, it is good news for the BI. "We think it is closer to our expectations. But what would happen we do not know," he said.

Nonetheless, he said, Bank Indonesia still holds, bank supervision is something that is indispensable in making policy decisions. "Also important in the development of payment systems," he said.

Until now, the bill still stalled OJK. Government and Parliament have agreed on the structure, appointments, and how council elections commissioner. A number of working meetings held not found a satisfactory result. As a result of this bill threatened void.

reference: REPUBLIKA[CO]ID

Bank Syariah Expect Tax Incentives

JAKARTA - Actor Islamic banking Homeland expect any tax incentives to customers who place their funds in Islamic banks. According to the Director of Bank Rakyat Indonesia (BRI) Sharia, Ventje Rahardjo, this could be one way of encouraging the growth of Islamic banking in the future.

"We hope that from the demand side," he told Reuters recently. He said for example on deposit products, there is a tax on customers below 20 percent. "So far, just the same as conventional," he explained. He claimed to expect leniency in order to place the acceleration in the growth of Islamic banking assets.

The same thing also recognized Senior Vice President Head of Islamic Banking, Islamic business units (UUS) CIMB Niaga, U Saefudin Noer. He said there are two tax issues that need to be a concern in the development of Islamic banking Homeland tax neutrality and tax incentives (tax write-offs).

He isentif tax rate necessary to encourage Islamic banking more attractive to players who enter the industry and is getting more benefits. "With the funding base for the real sector and the underlying assets, Islamic banking has a unique and driving force for growth in the real sector," he explained.

On the other hand, removal of taxes will give fair treatment of every contract of Islamic banks as banking products and eliminate taxes that did not need. Not only the elimination of double taxation on murabaha transactions, but also ijara and other taxes due to the use of a hybrid contract.

reference: REPUBLIKA[CO]ID

Beware, There Moneylenders pretext of Cooperatives

JAKARTA - State Minister for Cooperatives and Small and Medium Syariefuddin Hasan asserted the existence of co-operatives continue to oversee the 'guise' cooperatives. He did not dismiss the practice of loan sharks that are still found under the guise of cooperatives in Indonesia. Kemenkop data showed 19 percent of the total number of cooperatives (186,907 cooperatives) in the form of cooperatives that is not active.

According Syarief, the figure was 19 percent, including moneylenders who practice on behalf of cooperatives. They practiced usury businesses with high-interest lending money. "They will be supervised, if violated, immediately shut down," he said moments with Republika visit the booths of SMEs in Building Smesco Wednesday (13 / 7).

In addition to loan sharks guise of cooperatives, many more issues that led to the failure of cooperatives. Regent of Rokan Hulu Ahmad said that many co-operatives and Micro, Small and Medium Enterprises (MSMEs), which was originally estimated to advance, it did not. There is a new cooperative once lost, immediately move the business. In fact, there is an immediate cap. "Honesty perpetrator is a key determinant of cooperative," he said in an interview with Reuters on Wednesday (13 / 7).

In Rokan Hulu, Ahmad continued, there were 238 registered cooperatives. Hundreds of the cooperative combination of the cooperatives with the status of good, moderate, to cooperatives which still need improvement. "Only 16 cooperatives that have been empowered and market his business up to other regions," he continued.

reference: REPUBLIKA[co]id

DIB Open Private Banking Services

Image via WikipediaDUBAI - Dubai Islamic Bank (DIB) improve our services by launching a special branch for private clients. Branches which are Al Maktoum Road, one of the central business district in Dubai, was named branch of Al-Islam.

CEO of DIB, Abdulla Al Hamli, said this move is one of the bank's commitment to provide greater convenience and variety of exclusive services for customers of priority. "This launch reaffirms that we are able to provide the most advanced technologies and most innovative banking services throughout the UAE," he said as quoted by news site Al Bawaba.

The same thing also expressed Deputy CEO and Head of Consumer Banking and Wholesale DIB, Adnan Chilwan. "We continue to evaluate our premium customer needs and develop a new branch to offer them a more personalized banking environment," he explained.

reference: republika[co][id]