"We are still waiting for the daily data until the end of the month. But my estimation, this month's inflation will reach 0.1 percent," the minister said when met at the Swiss-BelHotel Jakarta, Wednesday (09/25/2013).
Anton added, low inflation starting this September because of the impact of subsidized fuel price increases have started to subside. Even the trend of rising food prices and electricity tariff (TDL) have also begun to decline by the end of the year.
"The reason the government and Pertamina to build new refineries because the gains are smaller than the upstream sector," said oil analyst Kurtubi when contacted Kompas.com, on Sunday (09/22/2013) morning.
He said Indonesia's dependence on fuel oil (BBM) imported from Singapore due to the capacity of the existing refinery is currently under capacity required.
As a result, despite all the oil refineries in full operation, the resulting fuel is far below the requirement. For information, since officially established in 1957, PT Pertamina (Persero) has only six units of an oil refinery, with a capacity of 1.05 million barrels per day (bpd).
The refinery's sixth Dumai Refinery, Refinery Plaju, Balikpapan refinery, Cilacap Refinery, Refinery Refinery Balongan and Sorong. Of the total capacity, refineries can only produce as much fuel 700000-800000 barrels per day.
Meanwhile, Indonesia's oil consumption reached 1.5 million-1, 6 million bpd and continued to increase from year to year.
"It's very unfortunate, including one of the government's failure because for nearly 10 years in power was not built a new oil refinery, when everyone knows, if fuel consumption continues to rise," he added.
However, met after the meeting, he admitted to reporters, Indonesia late if you start to build an oil refinery next year, should this year. Kurtubi said the government has been importing more fun than building a refinery, because the upstream sector is considered more profitable.
Upstream sector in question is oil exploration, which has a large margin. "The price of oil is high, production costs are relatively low," he said.
According to him, the government is not a consideration other benefits from the construction of an oil refinery. First, with refineries, oil import dependence will be reduced, and will strengthen national energy security. Second, create jobs.
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| Gedung Bank Sentral Amerika (The Fed). | Dok Kontan.co.id |
One of the world's richest man, Warren Buffet, said the U.S. central bank, the Federal Reserve is a hedge fund (an investment company), the largest in history.
This is because the Federal Reserve is able to make a profit of up to 3 trillion dollars of U.S. government bond purchase program (quantitative easing). "The Fed is the biggest hedge funds in history," he said in a public lecture at Georgetown University in Washington last week.
The U.S. central bank was continuing to this day the U.S. government bond purchase program by 85 billion per month to help the economic recovery in the country, after the U.S. economy tumbled at its worst levels since the Great Depression.
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In the exhibition opened by the Minister of Domestic Trade, Cooperatives and Consumer Malaysia, Hasan Bin Malek, on Saturday, the Indonesian franchise entrepreneurs who occupy "Indonesia Pavilion" received a positive response from a number of visitors, there is even ready for a serious partnership.
Such as batik fashion classic with Alleira trademarks, immediately got a partner who wants to open in Sabah and Sarawak in order to meet the demand in the region, including buyers from Brunei Darussalam.
"The market potential in Sabah and Sarawak is quite good. Fact, 50 percent of whom are buyers from Brunei," said business manager Alleeira, Wan Azemi.
In a Nielsen report "Decoding the Asian Mobile Consumer" consumer behavior revealed in nine Asia-Pacific countries, namely Indonesia, Malaysia, Thailand, Philippines, Australia, Hong Kong, China, India and Singapore .
The report said that smartphone penetration is highest in Asia Pacific in Hong Kong and Singapore at 87 percent, followed by Malaysia ( 80 percent ), Australia ( 75 percent ) and China ( 71 percent ) .
Although fairly young children or teenagers, most of them successful business prove it without going through college. The following list of outstanding young entrepreneurs listed by Business News Daily:
Meeting of leaders of the Group of 20 nations ( G - 20 ) in Russia heats up . Each state leaders urged the United States ( U.S. ) in order not to worsen the global economic turmoil .
There are two things that captivated the G - 20 leaders . First , the U.S. decision to tighten economic stimulus . Second , the U.S. plans to attack Syria . The leaders of the G - 20 countries assess two things is going to worsen the global economic turmoil .
As of Friday ( 09/06/2013 ) or the last day of the G - 20 , U.S. unfazed by the pressure of G- 20 leaders . " New risks have emerged in recent months in the emerging markets . Policy our partner , America , certainly have an impact on the risk of the global economy , " said Russian President Vladimir Putin , as quoted by Bloomberg , on Friday ( 09/06/2013 ) .
Citing data from the Bank for International Settlements ( BIS ) , Singapore became ruler after posting a rise in the foreign exchange market daily turnover by 44 per cent to U.S. $ 383 billion as at April 2013 .
In fact , in April 2010 , forex transactions in Singapore only for U.S. $ 266 billion dollars . Globally , Singapore forex market represents 5.7 percent of the total world market share of foreign exchange transactions . Britain occupied the first position with a 41 percent market share , followed by the United States 19 percent , Japan 5.6 percent , 4.1 percent and Hong Kong .
