Still Can Deflation in May

Central Bureau of Statistics (BPS) estimates that deflation is still going to happen this month of May. However, deflasinya still lower than last April because of rising prices pertamax and jewelry. Prices of basic needs are still relatively decreased, except rice and sugar. can be concluded there is huge potential for deflation, even though its potential may be smaller than last month. Price pertamax against inflation is still quite small. Especially gold jewelry price increase also has a small weight. In Budget 2011, the inflation target of 5.3% of control dilevel. In the main points of policy Fiscal 2012, the government said inflation in...

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Plus The Fuel Subsidy Quota Proposed

Downstream Regulatory Body (BPH) oil propose the addition of subsidized fuel quota in the draft budget of Revenue Expenditure (RAPBD) changes in 2011, from 38.59 million kl (KL) are set out in Budget 2011, so 40.20 million KL. Summary of the volume of subsidized fuel prognosis for the State Budget in 2011 amounted to 40.20 million KL or 4.1% of the volume set out in Budget 2011 at 38.59 million KL. for the premium increase from 23,190,505 to 24,160,483 TOS or an increase of 4.1%. Medium diesel be increased from 13,094,952 14,726,362 KL. Calculation of the addition of the volume of fuel bersudsidi in this draft budget given the ever increasing...

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The Increase in TDL Affect Industry Competitiveness

The design of electric power rate increase (TDL) of 15-20% which is disclosed by Finance Minister Agustin Martowardojo, received responses from industry minister MS Hidayat. Hidayat rate, if the increase in TDL is not accompanied with the support of incentives for the industry, then this design will have an impact on industrial competitiveness homeland. Also according to him, if followed TDL ride without a certain level of efficiency in the PLN, the burden of the government for subsidies would still be great. Therefore, he said that the company should be given targets including reducing their margins from 8% to 3%. TDL increase for the industry...

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Declining Inflow Bank

Inflow (demand) disbursement of money from the banks at Bank Indonesia in the period January-March have increased, while the second week in April and May experienced a slight decline. Of note BI, Inflow bank for the type of bank notes and coins, reach Rp94 billion in January, February Rp96 billion, Rp 288 billion in March, April and May of Rp 160 billion Rp 63.6 billion. This inflow, the BI did not know what the bank intended to, because no authority BI. The difference with the outflow, where the bank account deposit funds in BI with a certain amount, then the BI to conduct examination of money deposited if no different from a count conducted...

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BI Publish Anti-Fraud Guidelines

Bank Indonesia will publish Guidelines for Anti-Fraud Strategy as a response to rampant burglary fund bank customers, particularly in the premium service. The strategy includes four phases. The first stage of preventive stage, cover the use of governance, active oversight of management, and application of the principle of know your employee, the second phase with a detection system also includes whistleblowing, fraud data, and reporting.  Third, the investigation phase. This phase includes the standard investigation, evaluation of the weaknesses of the system and the imposition of sanctions. While the fourth includes the monitoring,...

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