State-run airline company Garuda Indonesia plans to float its shares on the Indonesia Stock Exchange (IDX) tentatively on Feb. 11, a bourse official said Friday.
IDX director of corporate listing Eddy Sugito said the state’s flag carrier would offer 30 percent shares in its initial public offering (IPO), expected to take place at the beginning of February.
Garuda will conduct a roadshow to capture investors' demand from Jan. 17-28, he added.
"The offered shares will include the 10 percent stake Bank Mandiri holds in Garuda", Eddy said after meeting with Garuda executives at the Indonesia Stock Exchange in Jakarta.
The nation's largest bank has previously said it aimed to collect Rp 1 trillion (US$100 million) from the sales of its 10 percent stake obtained through a debt-to-equity swap earlier this year.
Garuda's chief executive officer Elisa Lumbantoruan said on the same day that the airline firm aimed to raise US$300 to $400 million through the initial shares offer.
Source :
http://www.thejakartapost.com/news/2010/11/26/garuda-plans-idx-debut-feb-11.html
Sabtu, 27 November 2010
Rabu, 17 November 2010
Analysis: Growth in banking relationships bolsters consumer economy
By all accounts, the latest G20 communique isn’t worth the paper it’s written on. Despite the polite smiles, the Americans and the Chinese seem determined to see heir currencies devalued while everybody else is
left scratching their heads. At APEC, the hosts decided to save the money that’s usually spent on the funny shirts that mark the group photo of the attending leaders. Bruised in Seoul,
they had little to cheer over the weekend in Yokohama.
For Indonesia, the lack of common purpose isn’t as much of a concern as it is for most other countries. Similar to India in many ways, this mixed economy is now better equipped to ride any regional economic storms than it was a decade ago. Both countries have weathered the recent global financial crisis better than most other countries, staying out of it almost untouched. Perhaps the biggest single reason for that state of well-being is their large consumer economies. The buying and selling of goods and services of the people and by the people has kept both engines well oiled, ticking over rather nicely even in the worst of times. For a developing country, the high degree of self-reliance is now the strongest bulwark against the swinging tides of our globalized world.
In Indonesia, consumer confidence is being expressed over and over again, in both word and action. While the national index remains at the highest levels ever, the signs of strong consumer sentiment can be seen across a myriad industries. With the July-September update of Roy Morgan Single Source now in hand, industry updates in the following weeks will illustrate how each acts as a piston of the collective engine. To begin with, the financial services sector, Bank Indonesia, the country’s central bank has kept a reasonably steady hand on the wheel these last five years. Neither inflation nor the rupiah have run out of control, as in decades past. The pain we see when consumer prices go rocketing up at global and local levels, or when the effects of a fuel price hike cascade downwards, is not to be taken lightly. But each dip in recent years has seen a quick comeback in consumer confidence and consumer spending, every time.
While the economy grew, even as individual incomes climbed, the overwhelming majority of Indonesians continued to struggle with their usual burden day after day. Higher service fees and higher minimum balances saw millions leave their bank accounts dormant, virtually dead in their minds. Finally, the years of steady decline in the number of people with any banking relationship has not only been arrested, the signs of a turnaround are becoming visible. This may be seen as old news for those who misread the rapid growth in the number of bank accounts as an indicator of national health. They are the same people who mistakenly conclude that “accounts” reflect “individuals”, ignoring the growing number of multiple-account holders. They cannot see how absurd it is to believe that there were 80 million Indonesians who flew an airline last year, while the reality is a relatively affluent minority flying several “sectors” many times each year. When a journalist jumps to the wrong conclusion that there are 180 million Indonesians who are subscribers of cellular networks today, they start painting an unreal picture of the state of progress.
But the banking sector is always a good indicator of the country’s middle class, not just its wealthy few. At the quarter ending June the decline in the number of Indonesians with a bank account had plateaued. As at the end of September, the turnaround was easily visible. The number of people with ‘any banking relationship’ now stands at 20 percent of all Indonesians 18 years of age and older. Not only has ground lost over recent years been recovered, the numbers have hit an all-time high. Today, there are more than 25 million Indonesians with at least one banking relationship. As recently as March this year, only 17 percent of adult Indonesians had one. Not only have the number of accounts gone up, the number of actual account-holders are rapidly rising. Syariah banking is growing too, with Bank Mandiri in particular registering a commanding lead despite increased competition from old and new entrants alike.
Equally reassuring are other signs from the same industry. For example, the amounts in savings are growing too, across socio-economic strata, from the modest to the rich. Customer satisfaction is high, and getting better. Then there’s the concurrent growth in other financial products and services. While the number of people involved are still relatively small in comparison, the signs are good. For several years, the primary growth for the credit card business came from multiple relationships with the same affluent few. Banks chased the same people, stories of membership data available for sale, the sight of wallets strained with lots of plastic all became familiar everyday occurences. Now, the number of Indonesians with plastic cards, both credit and debit, is climbing again. 9 percent of adults have one already, but credit card penetration is still hovering at less than 2 percent.
The insurance sector is seeing rapid growth, but remains a nascent industry even today. While the number of accounts are growing, the number of new entrants remain small. Overall, penetration levels are still small, lingering at 1 percent. This is equally true with people who have ‘any investment’, also at 1 percent of adults. But loans are becoming increasingly popular, with 5 percent of the population now using one to advantage. The best news for the financial services industry is the reversal of the decline in active savings accounts. That augurs well for all Indonesians, not only those joining the banking fraternity for the first time.
These conclusions are based on Roy Morgan Single Source. In Indonesia, it is the country’s largest syndicated survey with over 25,000 respondents annually, projected to reflect almost 90 percent of the population over the age of 14. The insights are updated every 90 days.
Debnath Guharoy, Roy Morgan Research | Tue, 11/16/2010 9:43 AM | Business
The writer can be contacted at debnath.guharoy@roymorgan.com
left scratching their heads. At APEC, the hosts decided to save the money that’s usually spent on the funny shirts that mark the group photo of the attending leaders. Bruised in Seoul,
they had little to cheer over the weekend in Yokohama.
For Indonesia, the lack of common purpose isn’t as much of a concern as it is for most other countries. Similar to India in many ways, this mixed economy is now better equipped to ride any regional economic storms than it was a decade ago. Both countries have weathered the recent global financial crisis better than most other countries, staying out of it almost untouched. Perhaps the biggest single reason for that state of well-being is their large consumer economies. The buying and selling of goods and services of the people and by the people has kept both engines well oiled, ticking over rather nicely even in the worst of times. For a developing country, the high degree of self-reliance is now the strongest bulwark against the swinging tides of our globalized world.
In Indonesia, consumer confidence is being expressed over and over again, in both word and action. While the national index remains at the highest levels ever, the signs of strong consumer sentiment can be seen across a myriad industries. With the July-September update of Roy Morgan Single Source now in hand, industry updates in the following weeks will illustrate how each acts as a piston of the collective engine. To begin with, the financial services sector, Bank Indonesia, the country’s central bank has kept a reasonably steady hand on the wheel these last five years. Neither inflation nor the rupiah have run out of control, as in decades past. The pain we see when consumer prices go rocketing up at global and local levels, or when the effects of a fuel price hike cascade downwards, is not to be taken lightly. But each dip in recent years has seen a quick comeback in consumer confidence and consumer spending, every time.
While the economy grew, even as individual incomes climbed, the overwhelming majority of Indonesians continued to struggle with their usual burden day after day. Higher service fees and higher minimum balances saw millions leave their bank accounts dormant, virtually dead in their minds. Finally, the years of steady decline in the number of people with any banking relationship has not only been arrested, the signs of a turnaround are becoming visible. This may be seen as old news for those who misread the rapid growth in the number of bank accounts as an indicator of national health. They are the same people who mistakenly conclude that “accounts” reflect “individuals”, ignoring the growing number of multiple-account holders. They cannot see how absurd it is to believe that there were 80 million Indonesians who flew an airline last year, while the reality is a relatively affluent minority flying several “sectors” many times each year. When a journalist jumps to the wrong conclusion that there are 180 million Indonesians who are subscribers of cellular networks today, they start painting an unreal picture of the state of progress.
But the banking sector is always a good indicator of the country’s middle class, not just its wealthy few. At the quarter ending June the decline in the number of Indonesians with a bank account had plateaued. As at the end of September, the turnaround was easily visible. The number of people with ‘any banking relationship’ now stands at 20 percent of all Indonesians 18 years of age and older. Not only has ground lost over recent years been recovered, the numbers have hit an all-time high. Today, there are more than 25 million Indonesians with at least one banking relationship. As recently as March this year, only 17 percent of adult Indonesians had one. Not only have the number of accounts gone up, the number of actual account-holders are rapidly rising. Syariah banking is growing too, with Bank Mandiri in particular registering a commanding lead despite increased competition from old and new entrants alike.
Equally reassuring are other signs from the same industry. For example, the amounts in savings are growing too, across socio-economic strata, from the modest to the rich. Customer satisfaction is high, and getting better. Then there’s the concurrent growth in other financial products and services. While the number of people involved are still relatively small in comparison, the signs are good. For several years, the primary growth for the credit card business came from multiple relationships with the same affluent few. Banks chased the same people, stories of membership data available for sale, the sight of wallets strained with lots of plastic all became familiar everyday occurences. Now, the number of Indonesians with plastic cards, both credit and debit, is climbing again. 9 percent of adults have one already, but credit card penetration is still hovering at less than 2 percent.
The insurance sector is seeing rapid growth, but remains a nascent industry even today. While the number of accounts are growing, the number of new entrants remain small. Overall, penetration levels are still small, lingering at 1 percent. This is equally true with people who have ‘any investment’, also at 1 percent of adults. But loans are becoming increasingly popular, with 5 percent of the population now using one to advantage. The best news for the financial services industry is the reversal of the decline in active savings accounts. That augurs well for all Indonesians, not only those joining the banking fraternity for the first time.
These conclusions are based on Roy Morgan Single Source. In Indonesia, it is the country’s largest syndicated survey with over 25,000 respondents annually, projected to reflect almost 90 percent of the population over the age of 14. The insights are updated every 90 days.
Debnath Guharoy, Roy Morgan Research | Tue, 11/16/2010 9:43 AM | Business
The writer can be contacted at debnath.guharoy@roymorgan.com
Jumat, 23 Januari 2009
Mortgage Refinance
Mortgage Refinance on a commercial property can be tricky, but it is possible to prepare yourself by becoming familiar with how the process works, what to beware of and some of the terminology, this will help you understand what to expect at the same time increasing your knowledge.
Without some familiarity pertaining to a Mortgage Refinance it could be difficult to understand where to start. Without some experience in financing, whether it’s on an initial loan or a Residential Loan, these terms may seem like foreign language or somewhat silly for such a serious matter. A few examples would be: Arm, Balloon, Bridge Loans, Mezzanine Loans, Conduit or CMBS Loans etc.
The initial thought process you had used before will be slightly different from the one used to prepare for a Mortgage Refinance. You had to think about the time it will take to secure a loan this size. It is possible for the amount of time specified on the contract to purchase could expire before you get funded, protection from default on such a large loan, not to mention collateral, down payment, closing costs and so on, not too unlike a mortgage on a house. Although, some of these items are the same, it can become very complicated on a loan this size for a commercial property as you get further along. You also, at some point, had to make sure you can handle such an obligation by speaking to your Financial Advisor and your Accountant about how long your finances could carry the loan if things don’t go as planned.
Now that you have experience, when learning the thought process behind Mortgage Refinance in the next paragraph, you will see the difference in thought from your original loan.
The most prominent reasons people look at Mortgage Refinance are because of taxes, facing a ballooning loan or to help reduce monthly payments and interest. And it may also reduce the life of the loan. It is very important to look at how closing costs will affect the equity you have been building over the years. Your situation is a little different and you will need to approach the Mortgage Refinance accordingly. You will now start looking at possible Prepayment Penalties, Cash Out Proceeds, and maybe you want to Inject the money you cash out into another property or update your current property, what is the Discounted Cash Flow, Current vs. Proposed Loan to Value Ratio. Do a simple break even analysis to compare costs of other lenders versus your existing bank. If they know you are looking for a Mortgage Refinance, your current bank may offer to reset the loan. The cost to completejavascript:void(0)
Terbitkan Entri a Mortgage Refinance for a commercial property can turn out to be quite high if you were under the impression it would be less than an original loan. An appraisal can run between $2,000 - $5,000, Title between $800 - $2,000, Phase One Environmental Report around $2,000 and lender processing fees around $1,000.
Remember, knowledge is power, stay informed by reading and researching your topic. Be very clear about your reasons for Refinancing so you won’t make mistakes that could cost you more in the long run.
Source
Without some familiarity pertaining to a Mortgage Refinance it could be difficult to understand where to start. Without some experience in financing, whether it’s on an initial loan or a Residential Loan, these terms may seem like foreign language or somewhat silly for such a serious matter. A few examples would be: Arm, Balloon, Bridge Loans, Mezzanine Loans, Conduit or CMBS Loans etc.
The initial thought process you had used before will be slightly different from the one used to prepare for a Mortgage Refinance. You had to think about the time it will take to secure a loan this size. It is possible for the amount of time specified on the contract to purchase could expire before you get funded, protection from default on such a large loan, not to mention collateral, down payment, closing costs and so on, not too unlike a mortgage on a house. Although, some of these items are the same, it can become very complicated on a loan this size for a commercial property as you get further along. You also, at some point, had to make sure you can handle such an obligation by speaking to your Financial Advisor and your Accountant about how long your finances could carry the loan if things don’t go as planned.
Now that you have experience, when learning the thought process behind Mortgage Refinance in the next paragraph, you will see the difference in thought from your original loan.
The most prominent reasons people look at Mortgage Refinance are because of taxes, facing a ballooning loan or to help reduce monthly payments and interest. And it may also reduce the life of the loan. It is very important to look at how closing costs will affect the equity you have been building over the years. Your situation is a little different and you will need to approach the Mortgage Refinance accordingly. You will now start looking at possible Prepayment Penalties, Cash Out Proceeds, and maybe you want to Inject the money you cash out into another property or update your current property, what is the Discounted Cash Flow, Current vs. Proposed Loan to Value Ratio. Do a simple break even analysis to compare costs of other lenders versus your existing bank. If they know you are looking for a Mortgage Refinance, your current bank may offer to reset the loan. The cost to completejavascript:void(0)
Terbitkan Entri a Mortgage Refinance for a commercial property can turn out to be quite high if you were under the impression it would be less than an original loan. An appraisal can run between $2,000 - $5,000, Title between $800 - $2,000, Phase One Environmental Report around $2,000 and lender processing fees around $1,000.
Remember, knowledge is power, stay informed by reading and researching your topic. Be very clear about your reasons for Refinancing so you won’t make mistakes that could cost you more in the long run.
Source
Joint Venture in Online Business
you're an online marketer with a great idea that you know will be loved by your target market. You're quite certain that it's going to be a venerable cash cow once it is implemented properly. The problem is, your wealth is quite wanting at the moment. For starters, you have yet to establish a credible brand that could instantly win consumer confidence. You will not be able to sell the product that would result from your idea on the strength of your name alone. Also, your mailing list is composed of ten subscribers, all of whom you have thoroughly sought out throughout two years or even more. More importantly, you don't have the financial capital to fund the production of your idea.
So, what should be done? Should you give up on your grand idea just like that?
Hold your horses, dear friend. There is a way that you could avail of to have your idea see the light of day.
It's called joint venturing, or JV as it has fondly been called in the online marketing scene. Joint ventures are partnerships between two or more online marketers, all of whom pool together their resources to ensure the success of a particular project. Once profit is realized, these partners employ a previously established profit-sharing scheme. Everyone who chipped in would be given his just share. And everyone would go home happy.
If you don't have the resources for the idea you have in mind, you could seek out some online businessmen who would be willing to enter a joint venture with you. Why would they want to partner up with someone like you? Well, there are many benefits that can be had with joint ventures which they will find pretty hard to resist.
Since several people will pool together their resources for a joint venture, the risks can be minimized. Presumptuous the worst scenario that the project would fail, the losses would be less since it will be borne by several individuals, compared to the losses that can be incurred by a sole endeavor.
Joint ventures allow online marketers to reimburse for missing components in their portfolios. Don't have a big mailing list? Partner up with someone who has tens and thousands of subscribers. Don't have the cash to fund production? Seek out someone who has some extra money to invest. Don't have an idea that can be profitably pursued? Seek out a creative soul beaming with novel concepts that are begging to be exploited.
Joint ventures help build your brand in the online marketing population. If you're an intermediate marketer who manages to enter a joint venture with a renowned guru, you'd be able to enjoy an instant boost to your status in the industry.
Joint ventures foster great relationships between marketers. The experience of having worked with each other can blossom into friendship and future partnerships.
There is no reason for an online marketer to refuse whatever helpful gift you could provide for a project. He may be a well established quality in the industry, and you're just a cub who's starting out, but you may possess something that he does not have, and this would make you a valuable part of the team.
The trick, really, is in knowing where to seek out some joint venture partners. If you have a great idea backed up by an equally amazing business plan, then finding willing partners would be easy, if you're looking for them in the right places.
Here's a tip. Join online business forums and start posting major messages. Be a helpful member of the society and build your character. Then publish a thread the calls for joint venture partners. Explain to your respondents what you have in mind, and chances are, they'll be more than interested to get started at the soonest possible time.
Joint ventures prove that in internet marketing, there is no such thing as lack of resources. What can lead to failure in this field is lack of thoughts.
Source
So, what should be done? Should you give up on your grand idea just like that?
Hold your horses, dear friend. There is a way that you could avail of to have your idea see the light of day.
It's called joint venturing, or JV as it has fondly been called in the online marketing scene. Joint ventures are partnerships between two or more online marketers, all of whom pool together their resources to ensure the success of a particular project. Once profit is realized, these partners employ a previously established profit-sharing scheme. Everyone who chipped in would be given his just share. And everyone would go home happy.
If you don't have the resources for the idea you have in mind, you could seek out some online businessmen who would be willing to enter a joint venture with you. Why would they want to partner up with someone like you? Well, there are many benefits that can be had with joint ventures which they will find pretty hard to resist.
Since several people will pool together their resources for a joint venture, the risks can be minimized. Presumptuous the worst scenario that the project would fail, the losses would be less since it will be borne by several individuals, compared to the losses that can be incurred by a sole endeavor.
Joint ventures allow online marketers to reimburse for missing components in their portfolios. Don't have a big mailing list? Partner up with someone who has tens and thousands of subscribers. Don't have the cash to fund production? Seek out someone who has some extra money to invest. Don't have an idea that can be profitably pursued? Seek out a creative soul beaming with novel concepts that are begging to be exploited.
Joint ventures help build your brand in the online marketing population. If you're an intermediate marketer who manages to enter a joint venture with a renowned guru, you'd be able to enjoy an instant boost to your status in the industry.
Joint ventures foster great relationships between marketers. The experience of having worked with each other can blossom into friendship and future partnerships.
There is no reason for an online marketer to refuse whatever helpful gift you could provide for a project. He may be a well established quality in the industry, and you're just a cub who's starting out, but you may possess something that he does not have, and this would make you a valuable part of the team.
The trick, really, is in knowing where to seek out some joint venture partners. If you have a great idea backed up by an equally amazing business plan, then finding willing partners would be easy, if you're looking for them in the right places.
Here's a tip. Join online business forums and start posting major messages. Be a helpful member of the society and build your character. Then publish a thread the calls for joint venture partners. Explain to your respondents what you have in mind, and chances are, they'll be more than interested to get started at the soonest possible time.
Joint ventures prove that in internet marketing, there is no such thing as lack of resources. What can lead to failure in this field is lack of thoughts.
Source
The More Affordable Insurance
Cost of life insurance has dropped over thirty percent in the last decade. The reason is that the life expectancy of people the world over has increased and insurance companies are not paying out policies quite as often.
It is not easy to think that we all are going to die somehow, somewhere, down the track. It is even more difficult to think about how hard it would be on the people that we love should we unexpectedly perish prematurely one day. However, about a third of all adults do not have any form of life insurance to protect their family in the event of their untimely death. Even the individuals who do have a life insurance policy do not feel as if they have enough.
Nevertheless, anyone who seeks a cheap life insurance policy nowadays has the opportunity to save a lot of money on his or her policy. Thanks to lower mortality rates and increased competition in the field of life insurance, life insurance providers have been subtly lowering the premium prices for their life insurance policies at a never before seen rate. For most individuals between the ages of 30 and 39, the yearly premium is as cheap as £281 for £562,000 worth of coverage for the next twenty years. Even individuals between the ages of 40 and 59 still have low priced policies available to them if they remain in good health.
Do not expect an insurance agent to do anything out of his usual ways to speak of the lower prices to new clients. He will also not make any kind of an effort to remind clients who currently hold a policy with his company to check from time to time for any additional discounts that may become available. The rate of sales of life insurance policies has only gone up 4.5% in the last decade. Therefore, it is not economical for insurance agents to make life insurance calls.
The rates of cheap life insurance policies are falling due to the fact that people are now living longer and do not feel the need to pay a high price for protection against their death. Less than a decade ago, the life insurance industry decided to base their policy premiums on mortality tables that indicated not much more than the fact that women live longer than men do and nonsmokers tend to live longer than individuals who smoke.
Life insurance providers now can make better risk estimates with new revised tables that take into account everything from the heath history of your family to the level of your cholesterol. Underwriting tools are also being used to let life insurance providers match risks with rates better. The internet has also helped to lower premium prices with dozens and dozens of sites that offer real-time quotes that are just a click away.
A thirty-year-old man who purchased a 30-year £562,000 life insurance policy ten years ago is probably paying close to £585 a year for his premium. The same person today, now forty-years-old can purchase a new 20-year life insurance policy for just under £365 a year.
Source
It is not easy to think that we all are going to die somehow, somewhere, down the track. It is even more difficult to think about how hard it would be on the people that we love should we unexpectedly perish prematurely one day. However, about a third of all adults do not have any form of life insurance to protect their family in the event of their untimely death. Even the individuals who do have a life insurance policy do not feel as if they have enough.
Nevertheless, anyone who seeks a cheap life insurance policy nowadays has the opportunity to save a lot of money on his or her policy. Thanks to lower mortality rates and increased competition in the field of life insurance, life insurance providers have been subtly lowering the premium prices for their life insurance policies at a never before seen rate. For most individuals between the ages of 30 and 39, the yearly premium is as cheap as £281 for £562,000 worth of coverage for the next twenty years. Even individuals between the ages of 40 and 59 still have low priced policies available to them if they remain in good health.
Do not expect an insurance agent to do anything out of his usual ways to speak of the lower prices to new clients. He will also not make any kind of an effort to remind clients who currently hold a policy with his company to check from time to time for any additional discounts that may become available. The rate of sales of life insurance policies has only gone up 4.5% in the last decade. Therefore, it is not economical for insurance agents to make life insurance calls.
The rates of cheap life insurance policies are falling due to the fact that people are now living longer and do not feel the need to pay a high price for protection against their death. Less than a decade ago, the life insurance industry decided to base their policy premiums on mortality tables that indicated not much more than the fact that women live longer than men do and nonsmokers tend to live longer than individuals who smoke.
Life insurance providers now can make better risk estimates with new revised tables that take into account everything from the heath history of your family to the level of your cholesterol. Underwriting tools are also being used to let life insurance providers match risks with rates better. The internet has also helped to lower premium prices with dozens and dozens of sites that offer real-time quotes that are just a click away.
A thirty-year-old man who purchased a 30-year £562,000 life insurance policy ten years ago is probably paying close to £585 a year for his premium. The same person today, now forty-years-old can purchase a new 20-year life insurance policy for just under £365 a year.
Source
Langganan:
Postingan (Atom)