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]