Posts Tagged ‘Funds’
Gold prices continue to rise would not reduce demand for precious metals, especially from key markets, namely China and India. During the second quarter of 2011, world gold demand has decreased over the high price.
World Gold Council or the World Gold Council, which is an industry body noted that global demand gold for the second quarter was 919.8 tonnes, down 17% from 1107 tonnes in the same period last year.
WGC asserts, demand for gold is still ‘healthy’, particularly for jewelry, although there is a decline in demand, which had stabilized after a major investment in the last 12 months gold exchange traded funds.
Although demand-side down, but in terms of value, the period of the second quarter of the second-highest recorded value of U.S. $ 44.5 billion. The highest value is printed quarterly by the fourth quarter of 2011 and U.S. $ 44.7 billion. Read the rest of this entry »
Settlement agreement debt crisis the United States (U.S.) deadlocked, after Democrats and Republicans failed to find a deal to raise the upper limit of debt valued at USD14, 3 trillion.
This failure sparked a conflict between the President of the United States (U.S.), Barack Obama and Republican opposition that is led by John Boehner. Obama called the Republican, calls from Republican lawmakers, acting recklessly because they do not agree to increase the debt limit.
According to Obama, if the deal was not reached until August 2 deadline, the U.S. will not be able to pay this debts. This Years U.S. budget deficit hit a record high of USD1, 5 trillion, while total public debt reaches $ 14, 3 trillion.
Obama warned Congress that if no agreement is reached, there will be incalculable damage. Washington had previously reached the debt ceiling on 16 May. The U.S. government also has taken steps to avoid a default, such as adjustment of spending and higher tax assessment.
Boehner immediately respond to Obama’s speech as he claimed that the desire of the 44th U.S. president was to increase the debt ceiling could not be done. Instead he insisted that Obama would accept the Republican proposal to limit additional debt and only $ 1 trillion in spending cuts USD1, 2 trillion. Read the rest of this entry »
Indonesia Global Entrepreneurship Program (GEPI) intends to establish Angle Investors Fund. Angle Investors Fund is a financial institution that provides funds specifically for Entrepreneurial progress in Indonesia.
Angle Investors Fund founder-member parties of GEPI, including Chris Kanter, Jacob Oetama, Ir. Ciputra, TP Rahmat, Erwin Aksa and the other with a total of 13 leading businessmen in Indonesia. They have a commitment to develop enterprise and entrepreneurship organization.
Establishment GEPI is a continuation of the Global Entrepreneurship Program (GEP), led by the Ministry of Foreign Affairs of the United States, Hillary Clinton. Read the rest of this entry »
Along with the strengthening U.S. dollar (U.S.), the rupiah weakened enough. Rupiah also must be willing to move away from the level’s Rp8.500 per USD.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (12/07/2011) weakened to Rp8.549 per USD compared to the previous period in Rp8.522 per USD.
According yahoofinance, rupiah at Rp8.582 per USD with a trading range in Rp8.532-Rp8.582 per USD. The U.S. dollar looks stronger on the other currencies. So the euro fell to $ 1, 3908 per euro, the pound also fell to $ 1, 5818 per USD.
From the U.S., President Obama asked largest deal to tackle debt. The debate over the debt limit has intensified between the government and the Republican Party. Republican Party signaled a mini-deal to overcome limitations of U.S. debt has reached USD14, 3 billion and short-term easing.
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European zone finance ministers agreed to disburse a loan of 12 billion euros to Greece.
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
Loans amounting to 12 billion euros will help Athens to redeem debt (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
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French Finance Minister Christine Lagarde was officially elected as the first female Managing Director of the institution of the international monetary fund (IMF). Lagarde get support from the U.S. and Russia.
55-year-old woman is going to begin the task for 5 years as the new boss of the IMF began July 5. As head of the IMF, he will soon find a way to save the European economy from the crisis, especially due to the debt crisis in Greece.
A few minutes after his election, Lagarde quickly started his business to immediately find a way out for Greece to get out of the crisis.
According to the IMF, Lagarde was the first woman to occupy the highest positions in the IMF since the IMF was established in 1944. IMF board members reportedly chose Lagarde ‘by consensus’.
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Egypt noted that financial minister Samir Ridwan declared his country would not borrow from the World Bank, and International Monetary Fund (IMF) even though the loan has been agreed.
The loan was made ??after Egypt failed to revise the budget. Besides the budget deficit in the first draft 20122-2012 expected to reach 11 percent of gross domestic product, but after revised to 8.6 percent.
Earlier, this month Egypt was approved loan facility of $ 3 billion. But one of the IMF stated if the facility is canceled.
The IMF and the World Bank was located in between the various foreign countries and agencies to offer the funds, including to Egypt to help cover the huge budget shortfalls. This happens after the country’s economy was battered by the turmoil that ask President Mubarak step down.
Furthermore, Samir Ridwan said also that if one country is Qatar the Middle East region has provided $ 500 million as support to Egypt. Read the rest of this entry »
Greek Prime Minister George Papandreou said that when it was negotiating a new bailout fund worth approximately 110 billion euros (USD155 billion) as Europe enters a 10-day period is important in the euro crisis.
Known, Greece is currently in the midst of a storm that threatens the financial markets, territorial unity of the 17 countries edged european single currency, the European Union. As well as warnings from Washington that this could drag world economic recovery.
Papandreou admitted, it all depends on the participation of private lenders, including banks, pension funds, insurance and the European Union who want to contribute to save “voluntarily” Greek government bonds.
Meanwhile, to avoid default, Athens must be received funds amounting to 12 billion euros in the euro zone in mid-July and the IMF bailout loans last year. But for open funds, the government will have to enact austerity measures that are not popular and could impact on the turbulence. Read the rest of this entry »
Gold prices again weakened the dollar because the United States (U.S.) who began to strengthen after the Fed’s comments on U.S. economic growth will slow, but he did not give further instructions related to the stimulus.
The dollar rose against the euro and other currencies after the Fed said it would end its economic stimulus program worth $ 600 million at the end of this month. These funds are used for programs to buy government bonds in order to stimulate the economy.
Gold fell $ 6, 74 to USD1.546, 66 an ounce after earlier at USD1.557, 75 on Wednesday (22/06/2011). The price of gold itself touched its highest level in history USD1.575 on 2 May.
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Government provides certainty to investors that the new incentives will go to Indonesia. For labor intensive (labor intensive) must have a minimum of 300 workers with an investment of at least Rp 50 billion.
The government also provides tax reductions for capital intensive with a requirement to have an investment fund of Rp 100 billion. In addition, a number of employees 100 people.
Granting the reduction or elimination of tax policy can not be given to the same investor. The provision of this policy can only be given one of them.
The provisions of this tax allowance in line with Government Regulation No.62/2008 regarding Facilities Income Tax (VAT) for Investment Activities in the business sector Specific and Specific Areas. PP No.62 Year 2008 is an improvement from the previous regulation of PP No.1 of 2007. Read the rest of this entry »