Unemployment in Cyprus will increase 30%

Dani Mohammad Dahwilani

Sindonews.com -analysts predict bailout deal on Cyprus would lead to a loss of investor and thousands of jobs. Where the number of unemployed would increase to 30 percent.

Professor Hari Tsoukas, an analyst of business in Europe, unemployment in Cyprus tend to rise at least doubled from 14 percent to at least 25 percent and may be up to 30 percent. "This is a big challenge now facing the people of Cyprus," he said, as reported by Skynews, Tuesday (26/3/2013)

During the week-long people have been rationed, and some of them withdraw from cashpoints. Banks have been closed since last March 16. However President Nicos Anastasiades recently will reopen the bank on Thursday (28/3/2013).

Anastasiades insisted, it would perform some transaction restrictions to prevent the flow of big money out.

According to Fiona Mullen, an economist who specializes in Cyprus, this means it is difficult for the company to pay salaries and buy goods. In the short term this crisis will be felt importers of food and medicine.

"Unemployment has now been reached 15 percent will increase as a result of the closure of Laiki bank (the second largest bank of Cyprus), be 17.5 percent. In fact, going to 20 percent within three months and 26 percent in one year's time, "said Mullen, as reported in the previous Sindonews .

While the former Governor of the Central Bank of Cyprus Afxentis Afxentiou, argues, the effect can last up to a decade.  "Cyprus has undergone a big hit and the standard of living we will spiral. Although the economy may recover in two to three years, our standard of living at least takes 10 years to get back, "he explained.

(dmd)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

No maximum print quality workforce

Fishing industry training: Izzudin

Sindonews.com -Chamber of Commerce and industry (Kadin) Indonesia marine and Fisheries Field were to complete the fishing industry and commerce training on Seram island, Maluku. The training aims to educate and produce skilled manpower to meet the needs in the field of quality fishing fishing industry much-needed.

"Diklatnya is ready, its infrastructure is ready. So, stay for the consummation of the syllables. We expect mid-year already underway, "said the Deputy Chairman of Kadin Fishery and marine, also known as Yugi Prayanto in affidavits to Sindonews, Tuesday (26/3/2013).

Schools for the education and training process of the development of the fishing industry was over it was inaugurated Minister of marine and Fisheries of INDONESIA, Sharif Sutardjo Jeep. According to Kadin also known as Yugi, building the school in an effort to improve the skills of young age in economic management of fisheries.

"The school is to educate the younger generation in mastering the field of fisheries, not only technically but also as a hero in the effort or solicitor fishery," he said.

Through this education, it hoped the younger generation interested in a profession in the field of fishing as both a skilled entrepreneur or fisheries. Fore will be a lot of competent young generation who dove into the fishing business, so the business can move forward rapidly and fisheries contribute to the national economy.

After a visit to some areas, and Commerce expects that the Government can continue to seek concrete support-support for fisheries trade. Forms of support it could be from up to policy incentives.
"We expect the ease of support, there is a special incentive to investment. For example, to import the equipment and feed. Because all this they are still difficult to obtain, in addition to the still high price due, "says also known as Yugi.

He appealed to the Government to pay more attention to energy supply by providing support, as well as plants with availability of FUEL which is often scarce and hard to reach.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Kuroda: Difficult set nominal GDP

Dani Mohammad Dahwilani

Sindonews.com -the Governor of the Bank of Japan (BoJ) Haruhiko Kuroda admitted it's hard set the nominal gross domestic product (GDP) as the target of monetary policy.

"It is difficult to adopt (nominal GDP) as the target now. I think the inflation target is more flexible and realistic, "said Kuroda in Parliament, such as Reuters, diansir Tuesday (26/3/2013).

That explanation appeared to respond to the comments of Mark Carney, Governor of the Bank of Canada last year, which will switch the task took the helm of the Bank of England (BoE) July 2013, that nominal GDP target is between the extreme steps the central bank because they ran out of conventional tools to boost the economy.

Earlier, Kuroda pledged to make every effort in overcoming deflation as a major scale its work forward. Financial Veteran in favor of aggressive easing measures Prime Minister Shinzo Abe said, that he will do his best to help the country the world's third largest economy.

"To Prime Minister Abe, I said will make every effort, together with two Deputy Governor to pull Japan's economy out of deflation," stated Kuroda.

The former President of the Asian Development Bank (ADB) will be looking for signs of a market policy measures prior to the regular meetings of the BoJ coming in April.

Kuroda was formerly the BoJ critic who often say, the central bank is too afraid to approach to spur economic growth. Nevertheless, she praised the two percent inflation target which aims at overcoming deflation on banks adopted last January.

(dmd)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

KPPU investigate intensive reserved onion

Dana Aditiasari

Sindonews.com -Business Competition Supervisory Commission (KPPU) are conducting an intensive examination of the claims of the alleged existence of an unhealthy business competition in terms of provision of onions in the motherland.

"For a while the alleged breach of competition very strong efforts, that there is a violation we're investigating criminal aspects, I can not pass," said Chairman of the KPPU Commissioner, Nawir Messi in Grand Sahid Jaya Hotel, Jakarta, Monday (26/3/201).

He admitted to intensive investigations, a move that is being done it is to deepen the involvement of a number of parties that are considered related to the matter.

"If there's any criminal aspect later we pass on to the police. If it was concerned with public officials and its value more than Rp1 billion we will convey to the KPK, "stated Nawir.

As reported earlier, based on the radar on the field, albeit a garlic prices began to fall, but at a number of traditional market prices are still not stable. Average of about thousand per Rp30 kilgram (kg), whereas in the area of the settlement is still around Rp40 thousand per kg. Earlier, the price of garlic had penetrated a number of thousands of Rp70 per thousand to Rp80 kilograms (kg) and cause the scarcity of onion.

KPPU suspect importers do no attempt to unhealthy competition in the business of garlic. Despite the current price of the garlic starts to go down, but seeing those problems KPPU hadn't. The investigation against importers continue to do bad.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

The Rupiah weakened this afternoon ended

J Erna

Sindonews.com -the exchange rate of the rupiah against the United States dollar (USD) on the second day this week weakened compared to the previous day because of concerns over new developments in Cyprus banking and the European zone.

At the close of trading yesterday, the rupiah exchange rate is based on the position of the Central Bank Indonesia (BI) weakening to Rp 9.745 per USD compared to yesterday in the position of Rp 9,278 per USD.

Bloomberg noted the rupiah exchange rate Data down to Rp 10,305 per USD compared to early trade this week in Idr 9.736 per USD. Whereas on the basis of the data, the rupiah closed at yahoofinance level $ 9.733 per USD.

Head of Research Analysis Treasury Planning & & Development Bank Negara Indonesia (BNI), Nurul Nurbaeti said earlier, Eti requests by importers and corporate foreign currency ahead of the weekend will encourage tereskalasinya dollars.

"Bank Indonesia will be more diproyeksi actively watching the movement of the exchange rate of rupiah amid negative sentiment amid the global statement from one of Europe's top brass regarding the situation in Cyprus," he said on Tuesday (26/3/2013).

(rna)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Last year, net profit of Rp1 bukukan Japfa T

J Erna

Sindonews.com PT Japfa Comfeed Indonesia-Tbk (JPFA) in 2012 managed to obtain a net profit amounting to Rp1,07 trillion, up 99,84 percent over the previous year totaling Rp671,47 billion.

In the report of the company on the Indonesia stock exchange disclosure (BEI) yesterday (Tuesday, 26/3/2013) revealed soaring net profit rise supported net sales in that year.

The company recorded sales up 14.08 percent to Rp17,83 billion compared to the year 2011 worth Rp15,63 trillion. However, the rise in net sales resulted in a load of goods sold increased to Rp14,65 trillion compared to the previous year rp13 07? trillion.

However, the net profit can be attributed to the owner of the parent entity rose 60,71 percent to Rp991,66 billion compared to the previous year totaling Rp617,47 billion. Basic earnings per share rose to 472 from 2011 valued at 298 per share.

However, the company recorded total assets rose to Rp10,96 billion compared to Rp8,27 billion the previous year, with the number of recorded debt rose to Rp6,2 trillion from 2011 positions amounted to Rp4,48 trillion.

(rna)

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Finance; Investment; Business; Economics

Saudi Aramco are targeting so world top refiner

Dani Mohammad Dahwilani

Sindonews.com -the Saudi Arabian Oil Co. (Aramco), the world's largest exporter of crude oil expected to become major manufacturers of processed products (refiner), such as FUEL and petrochemicals.

"In the years to come, we will be the single largest oil refiner in the world," said Khalid al-Falih, chief executive of Aramco in the Conference in Beijing, as reported by Bloomberg, Tuesday (26/3/2013).

Saudi Aramco has refining and petrochemical production expands to meet domestic demand and export products so that they can take the higher price of crude oil.

They plan to double global refining capacity to 8 million barrels a day in 10 years. While Exxon Mobil Corp., the largest integrated crude oil processor in the world, has 5.4 million barrels per day around the world by the end of 2012.

Previously, Aramco has also completed negotiations with PT Pertamina Persero, to build a refinery worth USD8 billion in Indonesia with a capacity of 300,000 barrels per day.

(dmd)

Finance; Investment; Business; Economics

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