2,800 False Money in Circulation in Bali

Bank Indonesia reported that Bali has seen rising trend of false money circulation within the last five years at 2,800 bills in 2010 compared to 2005 of 1,800 bills.

According to BI Chief of Denpasar, Bali, Jefrey Kairupan, the circulation of false money gets higher every year.

"Counterfeit money in Bali increases in circulation. If no control is imposed upon it, the Rupiah will gain lower international trust," said Jefrey on Wednesday.

Jefrey went on to say that the high distribution of counterfeit money will in turn reduce the public's trust toward the Rupiah.

"Our record shows that money counterfeiters have only been sentenced to imprisonment of less than a year," he said.

In the mean time, Deputy II of the National Intelligence Agency (BIN), Agoes Putranto, cited BIN Chief Soetanto saying that counterfeit of money is both a pure crime and a form of subversive act. "Money symbolizes state sovereignty. Counterfeit of money may pose a strategic threat toward the state," he said.

Agoes said 170 cases of counterfeit of money were found between 2005 and 2010 in Jakarta, Medan, Makassar and Bali.

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Indonesia Starts 7.5 Mn Cheap-homes Program

The Indonesian government plans to build 7.5 million affordable homes up until 2014. This year, the government claimed that only one million homes will likely be available.

Deputy Minister of Public Housing, Jamil Anshari, said the authorities are ready to set up 350,000 homes of very affordable prices and 650,000 homes of affordable prices.

Jamil said the program will be subject to interest rates set at lower than two digits.

The government prepares Rp2.7 trillion of total budget for implementing the program. "Of the amount, the absorbed fund is only Rp600 billion We call on REI (Real Estate Indonesia)'s participation to make the homes available," he said.

However, Chief REI Bali, AAM Sukhadana Wendha, said the fund will not be sufficient for acquiring land. "It won't be enough. We have all been informed of current land prices in Bali," he said.

He said that the REI expects the provincial government issues policies which enable handing-over of land plots in pursuit of the successful program.

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JBIC Prepares US$1 Bn for Power Plant

The Japan Bank for International Cooperation (JBIC) prepares US$1 billion to bring about two infrastructure projects under public-private partnership scheme.

According to JBIC Executive Director, Fumio Hoshi, the two projects include Steam-based Power Plant in Central Jawa and Geothermal Power Plant in Sarula, North Sumatra.

Fumio went in by saying that the fund JBIC has channeled through Indonesia reaches US$9 billion, which will be mostly allocated to LNG projects.

JBIC also plans to invest in Geothermal Power Plants in several Sumatra areas as well as transportation, coal-train railways, and mass rapid transit.

JBIC on the other hand makes arrangements to participate in a feasibility test on metropolitan priority area projects which include rebuilding of industrial zone in East Jakarta, Soekarno-Hatta Int'l Airport expansion, Tanjung Priok Harbor development, port construction in Cilamaya, industrial revitalization in Cikarang, at a total of US$30 billion.

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Bank Indonesia Maintains BI Rate at 6.75 Pct

Bank Indonesia (BI) decided to maintain the benchmark BI Rate at 6.75 percent.

"Board of BI Governors' meeting agreed to retain the BI Rate at 6.75 percent to control inflation rate resulted from volatile food," said BI Governor Darmin Nasution on Tuesday.

BI figured that Indonesia's economic growth this year will hit between 6 and 6.5 percent.

"The economy will grow, especially on transportation, telecommunication, services, restaurant and construction," said Darmin.

However, BI also estimated that the improving global economy will be hampered by debt crisis in a number of countries as well as Japan earthquake and tsunami effect.

Fluctuating global food and commodities' prices are expected to put pressures on inflation.

Between January and March, the government can still control inflation mainly on volatile food.

On banking sector, BI also viewed that credit growth also advances as last year it recorded 25.1 percent of increase compared to the same period of 2010.

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Buyback Plan, Govt Talks with SingTel

Ministry of State-owned Enterprises (SOEs) said in a statement that the buyback plan by Telkom Indonesia over Telkomsel's shares that Singapore Telecom (SingTel) owns can only be revealed during the General Meeting of Shareholders in the coming May.

SingTel now controls 65 percent of shares while Telkomsel owns 35 percent.

"If [stock issue] is considered important, it will be discussed during the May general meeting of shareholders," said Minister of SOEs, Mustafa Abubakar, on Monday.

Mustafa however said the buyback plan issue is only brought forth by the Indonesian government. SingTel, the ultimate shareholder of Telkomsel, has yet to respond over the plan.

A meeting between Mustafa and SingTel CEO, Chua Sock Koong, was held on Thursday, April 7. However, the buyback issue was not reviewed during the talks.

Earlier, SingTel and Ministry of SOEs agreed to reinforce the organizational structure of Telkomsel by building up three more directorates.

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Internet Busines

Starting a business online could be the most important decision you as an entrepreneur.

Dell computers, Microsoft, Google are all testaments to the power of having a profitable idea that leads to the birth of multibillion-dollar internet businesses. The good news for start up entrepreneurs is there is still abundant opportunity to start your own business based on sound ideas.

While your idea of starting the next multimillion-dollar business may be appealing, it does not translate to making a home run. You need to do more than coming up with ideas. You need to acquire the skills to come up with winning ideas. You want to acquire this skill because a winning idea will end your money worries, give you freedom, and make you wealthy.

The flip side is... Your idea may end up being a money pit, which could wind your business to bankruptcy. The good news is the internet gives you, the opportunity to test your ideas, easily quickly and cheaply, so you can fail quickly, with minimal cost. And if you have a winner you can roll out your ideas to create a profitable business.

In a survey of Small business done by SCORE, the resource partner for the Small Business Association (SBA), 90 percent of business fail due to a lack of skill, and knowledge on the part of the owner.

My intention is to show you how to come up with winning ideas to start your internet business.

<strong>The greatest Myth of all</strong>

Have you ever heard this often used phrase in business...? <strong><em>"Do what you love and the money will follow"?</em></strong>

The above statement is only half the truth of the reality in business, because there are many businesses, entrepreneurs and solopreneurs doing what they love....yet are struggling to make ends meet, or at the brink of bankruptcy.

I will like to upset your ideas about business and tell you the keys to developing a profitable business idea

<strong>Keys to success with your ideas</strong>

The truth is that your success online has nothing to do with having a website what you need is...

<strong>You need passion</strong>.

You need to have passion for your new internet business idea. In addition, your idea must appeals to your strengths. Your strengths are the combination of your talents, education, knowledge, experiences and the skills you have acquired over the course of your business life or career.

<strong>A proven market</strong>

Your market is important... because you need to have an idea that people are going to pay you for the products and services you bring to the market place. The best sign of finding a proven market is to look for: keyword searches on topics related to your business, the presence of competition, sales, promotions and a large number of prospects and buying customers.

The next time the flash bulb lights up in your head about, starting your internet marketing business...you must remember this formula...

<strong>Passion + profitable market= Perfect internet business</strong>

To your success

Akin osho

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Indonesia Satu Solusi to Launch PengajarPlus

A number of Indonesian web developers have given birth to various sites on e-Education such as Haisobat, an interactive site focusing on children, and SahabatGuru, which displays the latest updates on Math problems and progress.

Another project is again launched on the Internet targeting school teachers and university professors named PengajarPlus.


Produced by Satu Solusi, "the site is a place for Indonesian school teachers to advance their competencies and is set up by Satu Solusi under One Solution for Education program," said Abbi Angkasa Perdana, President Director of PT Satusolusi Intermedia Utama, on Thursday.


The site contains news updates on national education as well as valuable information on available scholarships granted by universities abroad.


In addition, the site also provides profiles of Indonesian tutors like Didit H Purnomo, Saldi Isra and Onno W Purbo. Moreover, school teachers across the globe may also share ideas through a social-networking channel on the site.


Satu Solusi prepares a 10 thousand-laptop program which is offered at soft payment scheme for teachers. The program enables them to have a laptop at two years of installments.


"Teachers who sign in the program will have free membership in pengajarplus.com for two years. They will get any kind of training from teaching to entrepreneurship," Abbi said.


PengajarPlus is expected to officially go online by May 2, 2011, on the National Education Day.

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Indonesia Absorbs Less Steel than Malaysia

Ministry of Public Works reports the national steel absorption within the last few years has increased. However, Indonesia still has lower steel absorption compared to Malaysia and other Asian countries.

Today, the national steel spending records 30 kilograms per capita per year while Malaysia hits 500 kilograms per capita per year. Moreover, South Korea manages to absorb construction steel by one million tonnes per capita per year.

The demand in national steel within the last couple of years has indeed been higher at 6-7 million tonnes per year in 2008 and 7-8 million tonnes per capita per year in 2009.

Last year, the demand grew to 8-9 million tonnes per year.

Despite the increasing demand, the Ministry of Public Works said in statement that it will not tolerate any steel size that does not adopt the set standards.


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Six Jakarta Banks Subjects to Fraud in 2011

The Jakarta Police Department has uncovered six cases on fraud over bank customers' fund as well as credit cards along the first quarter of 2011.

According to Chief of Monetary Fiscal and Foreign Exchange Unit at the Jakarta Police Department, Adj. Chief. Comm. Aris Munandar, the banking crimes have been committed over three state banks and three private ones.

"There are at least 20 suspects named from the cases," said Munandar on Friday.

All cases are resulted from neat inside job committed in each bank. Of all the suspects investigated by the police, six people are proven as insiders.

It is common that those perpetrating the crimes are of customer-service-related offices.

"Customer service officers act as if they were secretaries who may forge customers' signatures," said Aris.

In 2010, Jakarta Police Department received 12 reports of bank fraud.

Earlier, a Citibank manager was discovered embezzling fund of the bank's customers worth Rp 17 billion. Police are still seeking more evidence from the case.

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Deflation in March 0.32 Pct, Higher in 3 Yrs

The Indonesian Central Statistics Agency (BPS) reports that the deflation in March 2011 hit 0.32 percent, which is higher within the last three years.

"Prices are falling," said BPS Chief, Rusman Heriawan, on Friday.

Given the rate in March, BPS declares that the cumulative inflation between January and March 2011 reached 0.7 percent while year-on-year inflation rate in March touched 6.65 percent.

52 cities are accounted for the deflation with highest price drop is recorded in Padang at 2.59 percent and Dumai at 2.5 percent. On the other hand, 14 other cities still see sharp inflation with Palu being the highest at 0.64 percent and Maumere at 0.57 percent.

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EU Eyeing Indonesia's Infrastructure Projects

EU countries plan to amplify investments in Indonesia in the years to come. "Discussions are on the go. We're still looking into the chances [of investment]," said Julian Wilson, Ambassador/ Head of Delegation of the European Union to Indonesia, on Thursday.

Up until today, 700 Europe-based companies worth US$50 billion of investment, which only cover 1.6 percent of total EU's total stake in Asia, are available in Indonesia.

On the other hand, First Secretary of Economic and Trade Section of Europe Union to Indonesia, Walter van Hattum, said European enterprises are interested in advancing on infrastructures in Indonesia. 

As reporter earlier, the Susilo Bambang Yudhoyono administration is ready to intensify efforts in infrastructure development along the year by allocating budget of Rp 126 trillion.

Based of data from the World Bank, Indonesia has 220 million of population at income per capita of US$3,000. The number of middle-class in the country by 2010 is around 134 million, 56.6 percent of the nation's population. 

The commercial value between Indonesia and the EU in 2010 reaches 20 billion euro while Indonesia's exports to the EU worth 14 billion euro.

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Premium Fuel Imports to Be Doubled

Anticipating the hike in fuel use during school holidays in June 2011, state oil and gas Pertamina will boost the volume of premium fuel import by six million barrels compared to the previous one million barrels.

Pertamina commonly buys premium fuel from overseas commercial partners by five million barrels per month.

"Imports will rise by six million barrels in June due to school holidays," said Pertamina Director of Marketing, Djaelani Sutomo, on Thursday.

On the other hand, industrial high speed diesel imports in April will be normal at around 3-4 million barrels.

Meanwhile, Director General of Oil and Gas, Evita H Legowo, said premium fuel consumption within the last three months increase by an average of two percent.


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Indonesia Mandiri Plans to Go International

PT Bank Mandiri Tbk plans to expand level as an international bank. However, it claimed that Bank Indonesia has yet to grant incentives in support of the effort. 

"There has been banking classification indeed. But incentives [for international bank] are not available," said Bank Mandiri President Director Zulkifli Zaini.

According to Zulkifli, the bank now owns around Rp 52.68 trillion of capital.

In addition, more capital was acquired last year through rights issue, which enabled the bank to obtain Rp 11.68 trillion of funds.

"That makes Bank Mandiri the only bank in Indonesia which fits the criteria of international bank that the Indonesian Banking Architecture has set,"said Zulkifli.

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