Housing prices are cheap if interest subsidies increased

Marieska Rider Virdhani

Sindonews.com -even though home prices in Singapore are still relatively expensive, fixed interest of consumers. However, the opportunities for the poor to have difficult home was reached.

Moreover, the policies governing the Depok perda land housing should not be under 120 feet per unit. "People need homes cheap, but hard to realize," said President Director of PT Elmayuda Pratama, Eddy Faisal, Saturday (4/5/2013).

According to him, the property developers could just provide cheap homes. However, it should be bold and give interest subsidy and suppress prices with the removal of wild charges (pungli).

IRIS reveals necessary interest subsidies. In addition, the need to involve a number of ministries in the policy as Minister of housing, Minister of finance, and Minister of cooperatives and SMEs.

It asked that the value added tax (VAT), income tax (PPH), and Bea acquisition of rights to the land and building (BPHTB) facilitated. In addition, the need for liberation of retribution. "The levy and Pungli should be removed, because the factors making expensive home prices," he said.

He explained, the City Government There should be an easier matter to take care of the licensing process. Whereas, property business is the driving factor in the economy.

"However, the property business remains promising. Looking ahead, housing vertical styles such as the apartments were flooded with customers, "he said.

On the other hand, the Government expects revenues of the largest area of Depok was obtained from business property, i.e. Rp138 billion. Head of Department of revenue Financial and assets management of City Government of Depok, Doddy Setiadi said, local tax targets by 2012 amounted to Rp305 billion.

Whereas, the realization of the PAD of Rp379,7 billion or up from the target of 124,39 percent. According to him, tax income derived BPHTB for developers to build housing in Depok.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

KPPU: garlic and bank interest in the investigation

Izzudin

Sindonews.com -team study and monitoring of the Commission's competition Watchdog (KPPU) Venture has completed the task in collecting preliminary information about the structure of the market and the behavior of two important commodities business community, i.e. garlic and banking interest rates.

As is known, the garlic is experiencing a significant increase in the price of the average Rp25 thousand up to Rp30 thousand per kilogram (kg) in November 2012, in extreme rises to Rp80 thousand to $ 10 per kg in March 2013.

"The increase is not reasonable in the circumstances there was a buildup of garlic at the port," said KPPU Commissioner, Syarkawi Rauf in affidavits to Sindonewson Tuesday (19/3/2013).

According to the KPPU, ought to be thought to exist between joint perpetrators of deliberate effort to restrain price increases for goods are conditioning. "This condition indicates the cartels," he said.

Syarkawi describes the KPPU has been looking closely at symptoms, price increases since four months ago and is now starting to do the investigation. Based on article 36 of law No. 5/1999 on the prohibition of the practice of monopoly and Competition of unhealthy Businesses jo Perkom 1/2010 about handling the matter of the Ordinance, an investigation was carried out to obtain evidence about an alleged violation of law No. 5/1999.

This is an evidence gathering stage to determine whether the alleged cartel conditioning garlic price hike continued into the case or not. "In 60 days maximum we will know about the continuation of this problem," he said.

Meanwhile, interest rate-related banking, study teams have reported to the Commission and it was decided that the KPPU will investigate alleged cartel over high interest rates is through litigation initiatives. "we will investigate whether the true high banking interest rates is due to the high overhead cost or cartels?" explained Syarkawi.

He said, the investigator team start working and collecting evidence and expected a maximum of 60 days, the KPPU can determine whether the alleged cartel is entered into the case or not.

KPPU is committed to improving people's well-being through the achievement of economic efficiency and the corporate world. "Cartel behaviour of unhealthy competition is that in addition to the prohibited Act No. 5/1999 could impede achievement of the equally clear terms of economic efficiency," stated Syarkawi.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics