U.S. Stocks fell

Weakening economic growth in China, causing the U.S. stock market plummeted in trading Tuesday (06/29/2010) local time. The Dow Jones Industrial Average fell more than three percent before closing at nine positions. 870.30.

The Nasdaq index fell 85, 47 points (3.85 percent) to 2135.18 and the position of the S & P 500 index fell 33, 33 points (3.10 percent) to position 1 .041,24. Berjatuhannya stock price has been started from the early trading, as the fall of Asian and European stock indexes.

The Conference Board, a research institute of the United States, has revised the economic indicators for China from 1.7 percent to 0.3 percent. It was reported by the AFP news agency, on Wednesday morning, when Indonesia.

In the U.S. stock market, the price of Citigroup shares closed down 6.75 percent to 3.73 U.S. dollars. All shares of blue-chip Dow totaling 30 shares, closed down, with shares of Alcoa (Aluminum Company) and aircraft manufacturer Boeing, was closed down more than 6 percent.

Flood Singapore Retailers Million Dollar Losses due to Floods

Losses due to floods that hit retailers in Singapore, Wednesday (06/16/2010), estimated at millions of dollars in Singapore. Losses include damage to merchandise, to the repair shop.

Just imagine, ranging from toilet paper costs 10 Singapore dollars to designer handbags worth thousands of dollars in Singapore should be damaged by flooding. Hermes, Massimo Dutti, to the shops in Lucky Plaza suffered substantial losses.

The retailers in Lucky Plaza reveals, this is the worst flood they've ever experienced. Even so, they claimed, they should have been more vigilant, to remember every year the basement area is always covered with water.

Sales surge trinkets Ball

Sales of knick-knacks such as the 2010 World Cup team uniforms, balls, and dolls in Bandung, West Java about a month jump since last. Dipekirakan sales peaked when the semifinals and finals, especially on weekends.

Chioda sports administrators store, Sandra Yulianingtyas in Bandung, Friday (06/11/2010), said that sales of products with the most significant increase in the uniform of the team. At the time except during the World Cup in 2010, about 30 shirts sold per day.

"Since a month ago, sales rose to an average of 70 shirts. Later, when the semifinals and final, predicted sales figures could reach 120 pieces," he said. Uniform prices starting from Rp 50,000 to the most expensive around USD 350,000.

Public Relation Officer Development Section Indomaret Bandung Ari Hilman said, most sold product is a ball, clothes, and dolls. "The new two-hour sale today, sold 10 dolls, 15 balls, and 25 clothing," he said

Therefore, he is optimistic as many as 1,000 balls, 2,000 clothes and dolls can be sold during the 1000 World Cup in 2010 took place on June 11 to July 11, 2010. Doll World Cup mascot Zakumi the 2010 sale with prices starting at USD 44 000 with a height of approximately 10 cm. The clothes start from U.S. $ 74 000 for adult socks. Jabulani ordinary ball and each sold for Rp 90,000 and Rp 179 000.

"In addition, the sale of official ball used in the 2010 World Cup match at Rp 1.1 million," said Ari.

The biggest football party of four year once it also enjoyed the small-medium businesses (SMEs) of textiles in West Java. "Not bad, could breath while the perpetrators of SMEs that," said the Indonesian Textile Association Chairman Ade Jabar Afif.

Fed Ready to Help Overcome Crisis Europe

The Federal Reserve Chairman Ben S. Bernanke declared Central Bank of the United States was prepared to give aid, nor the currency exchange currency swap to withstand the impact of the debt crisis in Europe. The Fed will take this step if necessary to maintain financial system stability and the world economy.

Bernanke expressed this when the Budget Committee hearing with American Parliament. "In international cooperation, we have provided an important signal to global financial markets, that we will take steps if necessary, in order to ensure stability and ongoing economic recovery," Bernanke said.

This step further Fed Ben, will provide a light impact to the recovery and economic growth in the United States. Especially if financial markets continue to stable world. "

Ben reiterated that the current U.S. economic recovery took place peacefully, especially in commercial real estate marketplace and residence. He also warned that policy makers rose by continuing to reduce the budget deficit figures in the long term.

Transaction in Indonesian Rupiah Must!

After a delayed twice, parliament and the government finally began discussing the draft law on Currency. At the inaugural meeting, Monday (07/06/2010), Finance Commission (XI) as the author and initiator of the House of Representatives presented an outline of the candidate's beleid.

Vice Chairman of the House of Representatives Commission IX Sohibul Iman Mohamad declared that the draft law Currency consists of 12 chapters and 45 articles. Candidate product of this law is the mandate of the Constitution in 1945. 23B Constitution Article 45 states, the prices and different currencies should be set in the Act itself, rather than part of the system of legislation other.

Currently, management of money and currency regulated Law No. 3 Year 2004 concerning Bank Indonesia (BI). Though will be arranged, the House guarantee, a number of fixed currency management authority in the hands of central banks. For example, the right to print, distribute, overseeing circulation, draw, wipe out money, until the determination of the type of transaction that may use another country's currency.

Currency bill contains a number of important points. For example, the printing of money. In Article 14 states that BI should be printing money at home and use the services of state-owned enterprises (SOEs). If the rules are approved, then the BI certainly can no longer mengorder printing of money to foreign companies as before.

In 1999, for example, the central bank to print money made from polymer fractions USD 100 000 to Securency International and Note Printing Australia, a subsidiary of Reserve Bank of Australia (RBA). BI also handed over the printing of banknotes 50,000 pictorial second President, Suharto, to De La Rue, Singapore.

Currency bill also regulates the use of liability as a means of payment or the amount of financial transactions in the territory of Indonesia. However, this rule provides an exception, namely BI can specify the use of currencies other than the amount for a specific transaction types or in certain regions.

Use of current liability amount stipulated in the Law of BI. In this beleid, central banks also require that all transactions are actually wearing Garuda currency. However, the BI provides an exception. For certain purposes or to meet liabilities in foreign currency which was agreed in writing, the rupiah should not be used.

Currency bill also regulates a matter of sanctions. Take for example, anyone who does not use the amount of money in the transaction or refuse to accept rupiah as a means to pay can be punished with the threat of a maximum of one year in prison and fined Rp 200 million.

Agus Martowardojo Finance Minister can not comment much on the Currency bill. "We will study the past and give an answer next week," said Agus

China imports more goods flowing

ncreasing the flow of goods flowing from China to Indonesia. Data Central Statistics Agency (BPS) shows, the value of products imported into the country a giant wall of our country continue to rise.

In April 2010, the value of imported products from China reached 1.48 billion U.S. dollars, up 143.2 million U.S. dollars rather than in March and that only 1.34 billion dollars. In contrast, our exports into China declined 165.2 million U.S. dollars, from 1.09 billion U.S. dollars to 929.8 million U.S. dollars.

Tail, the Indonesia-China trade balance in April and suffered a deficit of 553.6 million U.S. dollars. While for the January to April 2010, the trade balance deficit reached 1.591 billion U.S. dollars. "The deficit with China must be strictly monitored," BPS chief Rusman Heriawan said on Tuesday (06/01/2010).

Yes, the invasion of the country of origin products are a billion people do not get out of the implementation of the Free Trade Agreement aka ASEAN Free Trade Agreement with China (ACFTA). However, Rusman states, balance of trade deficit with China was not worried. You see, the overall trade balance surplus in Indonesia is still printing. For example, with the United States, a surplus of 306.8 million U.S. dollars in April, while during January-April 2010 a surplus of 1.06 billion U.S. dollars.

So also with South Korea and Taiwan. With South Korea, our trade balance surplus amounted to 141.4 million U.S. dollars during April. As for the surplus of 49.6 million Taiwan dollars.

Rusman added, in April 2010, Indonesia's import value reached 11.53 billion U.S. dollars or an increase of 71.98 percent compared with April 2009. "It shows passion in domestic economic activity squirm," he said.

Export Decline

Unlike the import figures in April and then increased by 5.12 per cent to be 11.53 billion U.S. dollars than the previous March, the value of Indonesian exports actually fell by 5.66 percent to 12.05 billion U.S. dollars. However, when compared with April last year, our export value increased by 42.56 percent. Japan remains the largest export destination countries.

Trade Minister Mari Elka Pangestu said that, despite the drop in exports in April 2010, the average monthly value of exports this year is still higher than last year. "The decline is not because the debt crisis that hit several countries in Europe, but Europe remains a crisis we must be aware of," said Mari