IHSG today will still be subjected to pressure

Dana Aditiasari

Sindonews.com -Head of research, Reza Priyambada Tust Securities mengungkapakan, on trade of this weekend's expected composite index (IHSG) will be at 5,388 4.765-support and resistance-4.838 5,171.

Patterned to resemble spinning approached middle bollinger bands (MBB). The MACD histogram is likely to be down with a negative lengthening. RSI, William 's%r and stochastic still trying to survive not to weaken more.

"After passing the target resistance (4,850-4.862), JCI even back to the target range support (4,809-5,171). IHSG looks like it is looking for a reason to stop the rally his Ascension by making use of the negative news, "said Reza, Friday (22/3/2013).

Reza said, the expected weakening of the happening is still limited and still maintaining the pace of its consolidation, so as not to weaken more.

Earlier, JCI reinforcement that occurs at the beginning of yesterday's session looks didn't last long and remove the hope of many market participants still expect the pace of JCI will remain engaged in the green territory until closing with a memfaktorkan closure of European stock exchanges and positive after us got word from bertahannya Cyprus in the European zone and still be buying bonds program by The Fed.

On the other hand, the decline of Germany's manufacturing index release and the European zone indirectly end the rally over the past two days in a row JCI. "Let alone Asian stock exchange rate variable tends to be negative and was followed by the opening of the European stock exchanges are increasingly making the JCI letoy's negative," said Reza.

All trading yesterday, IHSG touching level 4.855, 06 (the highest level) early in the session and touched as low as 1,77 4.786 (lowest level) and finally admits preclosing perched on level,67 4.802.

The Volume of trade and total transactions value rises. Foreign investors sell the decrease noted the nett value of transactions to buy and sell transaction increases. Domestic investors buy record nett.

The movement of the exchange rate of rupiah is still wallowing in the red zone as there is still a concern of market participants on the issue of Cyprus that will increasingly go on after the results of voting the Parliament of Cyprus that is rejecting the terms of the bailout mechanism.

Nicos Anastasiades, President of Cyprus, is scheduled to meet with some political party leaders to consider negotiations with Russia for assistance.

The Office of the bank has been ordered to remain closed on Tuesday next week. The Government is being analyzed to restrict capital as a form of supervision to avoid capital flight.

Asian stock exchanges have tended to weaken although there are varied the news positively from the US, where The Fed will continue its program of bond buying and China's manufacturing index survey results increased to 51,7 than ever before and the consensus is 50,4 50.8.

The Nikkei stayed in the positive zone after the BoJ's Governor delivered a stimulusnya plan. While the KOSPI after the negative news on the other is the cyber attack which interferes with computer networks and worries of impending war with North Korea. "Weakening that occurred after the closure of the loss suffered the stroke data for Germany," said Reza.

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Mandala still rely on domestic routes

David Ameidyo

Sindonews.com -commercial Director of PT Mandala Airlines, said Rafly, Brata it is targeting total passengers amounting to two million passengers by 2013. Domestic routes are still being the biggest market with a share of Mandala 70-80 percent of the entire aviation portion of the Mandala.

"Speak line fatter domestic take precedence so 70-80 percent. Domestic flights include to Padang, Pekanbaru, tomorrow we are launching (flight) daily to Pontianak, "he said while PT Mandala Airlines breafing media at the Soekarno-Hatta Airport's Terminal 3, Thursday (14/3/2013).

"Eastern Indonesia yet, new Java and Sumatra, Kalimantan in the future, probably in advance," he imbuh.

While, for flights abroad, it still relies on regional routes like Singapore, Kuala Lumpur, and Bangkok. "We are trying to approach the aviation authorities in Hong Kong and Australia to open a new route as soon as possible," said Brata.

As reported earlier, Mandala Airlines has introduced their latest aircraft, the Airbus A320. Pihanya will continue to demonstrate the consistency to compete in the market to respond to low-fare airline berjangkau and answer the needs of the market.

"Currently the Mandala serves 38 flights per har and with additional A320 we are seventh, we hope to expand with new routes in the near future," said Mandala Airlines President Director, Paul Rombeek.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Postal Service loses less, but still in trouble

AppId is over the quota
AppId is over the quota

In the three months ended Dec. 31, the agency lost $1.3 billion -- considerably less than the $3.3 billion lost in the year-earlier period.

The service was hurt as the volume of first-class mail, which most consumers use to pay bills and stay in touch, decreased by 4.5.%, said USPS chief financial officer Joseph Corbett. But it got help as shipping and package volume for the busy holiday season increased 4% compared to the prior year.

Still, the service is in trouble. The key culprit remains a 2006 congressional mandate, under which it has to pre-fund healthcare benefits for future retirees. The USPS has been borrowing billions of dollars from taxpayers to make up for the shortfalls.

Without the prefunding requirement, the agency would have posted a $100 million profit.

"The encouraging results from our holiday mailing season cannot sustain us as we move deeper into the current fiscal year and face continuing financial challenges," said Postmaster General and CEO Patrick Donahoe.

The narrowed losses this past quarter were due to the fact that the USPS is only forced to make one payment to prefund retiree healthcare benefits in the fiscal year that began Oct. 1. The year before, the agency had to make two payments after Congress allowed one to be delayed from fiscal 2011.

Related: Postal Service to end Saturday mail service Aug. 5

Unions argue that no other agency or private business is required to make such a payment, and have been pushing Congress to do away with the mandate. But so far, no legislation to help the agency that has advanced in Congress would dump the requirement.

"Since pre-funding went into effect, it accounts for more than 80% of the agency's red ink," said Fredric Rolando, president of the National Association of Letter Carriers. "The USPS should focus on urging Congress to reform the pre-funding requirement, not on a counterproductive slashing of services."

The situation turned particularly dire last year -- the agency twice defaulted on payments totaling $11 billion, and it exhausted a $15 billion line of credit from the U.S. Treasury. The agency said it expects to skip that payment again.

The Postal Service is, by law, an "independent establishment" of the executive branch. The agency doesn't normally use tax dollars for operations, but it has exhausted a $15 billion loan from Treasury.

The Postal Service on Wednesday unveiled a plan to end Saturday delivery of mail, a move which is expected to save $2 billion a year, a drop in the bucket compared to the $16 billion loss the organization reported for 2012.

It remains unclear whether the Postal Service has the power to end Saturday service on its own without Congress' help. Senate Majority Harry Reid questioned the legality of the the agency's move on Thursday.

But Donahoe insisted the agency could make the move, noting he'd be willing to work with Congress when they hammer out a budget to keep government operating in the next few weeks.

"We feel our interpretation gives us the ability to move ahead, but we still have time before this (current budget) runs out so that we can work the differences out," Donahoe said.

First Published: February 8, 2013: 9:22 AM ET

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics