[Keuangan] FW: Steve Jobs reveals new Apple iPad device
Hot stuff! -hms- _ From: TAN Sent: Thursday, January 28, 2010 6:19 AM Subject: Steve Jobs reveals new Apple iPad device Hi Friends, Steve Jobs just released Apple's new tablet called Ipad with features: * 9.7in touchscreen keyboard * can play movies, books, games and other media * Wi-Fi and Bluetooth capabilities, and higher priced models can connect with 3G cellular networks * 10 hour battery life * Can run existing iPhone apps * Launch publishing houses include Penguin, HarperCollins, Simon Shuster etc. There are slideshow and accompanying video links below. Will you be getting one soon =) ? Cheers, Yong Han EDB Singapore Embassy in Jakarta === Note: You are receiving this email because I like to share interesting reads with my friends contacts. If you prefer not to receive such emails, please let me know. Please feel free to share these reads with your friends. * JANUARY 27, 2010, 5:34 P.M. ET Steve Jobs Reveals New iPad Device By BEN CHARNY http://online.wsj.com/search/search_center.html?KEYWORDS=BEN+CHARNYARTICLE SEARCHQUERY_PARSER=bylineAND Apple http://online.wsj.com/public/quotes/main.html?type=djnsymbol=aapl Inc. Chief Executive Steve Jobs unveiled a highly anticipated tablet-style device called the iPad, hoping to take the success of its iPhone to a new category of gadgets. WSJ's personal technology columnist Walt Mossberg talks with Stacey Delo about Apple's new tablet device, the iPad. The sleek multimedia device will be sold in various models that cost between $499 and $829. Apple will sell some models with data plans from AT http://online.wsj.com/public/quotes/main.html?type=djnsymbol=t T Inc., that cost $30 a month for unlimited data but do not require a contract. Mr. Jobs took the stage at a crowded event in San Francisco to show the device, which has a 9.7-inch color display and touch-screen keyboard, and can play movies, books, games and other media. The devices will run most applications designed for the iPhone and comes with the iTunes store as well as a new iBooks store which will sell works from major book publishers for as little as $4.99, providing new competition for Amazon.com Inc.'s Kindle and other e-readers. We want to kick off 2010 by introducing a truly magical and revolutionary product today, Chief Executive Steve Jobs, wearing his trademark black turtleneck and jeans, told the crowd. Mr. Jobs said the iPad, which Apple says has a 10-hour battery life, was a more intimate experience than using a laptop. I can take a flight from SF to Tokyo and watch video the whole way on one charge, Mr. Jobs said. Mr. Jobs, who occasionally sat in a chair as he demonstrated the device, said the iPad is built with an Apple-made 1GHz chip. The machine will come with 16, 32 or 64 GB of flash storage. It also has Wi-Fi and Bluetooth capabilities, and higher priced models will have the ability to connect with 3G cellular networks. Meet the iPad View Slideshow http://online.wsj.com/article/SB10001424052748704094304575029230041284668.h tml?mod=WSJASIA_hps_LEFTTopStoriesWhatsNews http://online.wsj.com/article/SB10001424052748704094304575029230041284668.h tml?mod=WSJASIA_hps_LEFTTopStoriesWhatsNews [SB10001424052748704094304575029351218149316] Kimberly White/Reuters Apple CEO Steve Jobs ran through the iPad's technical specifications Wednesday. * Apple's 'iPad' Name Draws Snickers http://online.wsj.com/article/SB10001424052748704094304575029603030082186.h tml *http://online.wsj.com/video-center/apple-tablet.html Video: All video on the tablet launch * More http://online.wsj.com/public/page/0_0_WP_2003.html photos and interactive graphics http://online.wsj.com/article/SB10001424052748704094304575029230041284668.h tml?mod=WSJASIA_hps_LEFTTopStoriesWhatsNews video PM Report: Apple Unveils iPad http://online.wsj.com/article/SB10001424052748704094304575029230041284668.h tml?mod=WSJASIA_hps_LEFTTopStoriesWhatsNews 9:13 Apple unveils its much-anticipated tablet device, the iPad. WSJ's Don Clark joins the News Hub from San Francisco and tells Simon Constable what's special about it. Plus, the News Hub talks about Toyota's recall nightmare and previews tonight's State of the Union address. Tablet computers have existed for more than two decades, with little success. Mr. Jobs acknowledged Apple will have to work to convince consumers who already have smart phones and laptops that they need this gadget. ``In order to really create a new category of devices, those devices are going to have to be far better at doing some key tasks,'' Mr. Jobs said. ``We think we've got the goods. We think we've done it.'' The iPad debuts after months of speculation in the technology press and blogosphere. Photographs of supposed mock-ups appeared on popular blogs months ago and reporters followed every link in Apple's supply chain to uncover
[Keuangan] OOT BUT MUST-SEE: FW: [iapitb] Ide kreatif
http://economictime s.indiatimes. com/tv/TED- India-Pranav- http://economictimes.indiatimes.com/tv/TED-India-Pranav-Mistry/videoshow_te d/5231080.cms Mistry/videoshow _ted/5231080. cms Technology at its best: Intuitive, disruptive, killer app and . OPEN SOURCE! Bravo India, bravo M.I.T.!! Watch out World! I don't normally invite friends to download video streams, but you will not regret looking at this one - great weekend food-for-thought. Thanks to Prof. Diran for sharing. -hms- _ From: Oetarjo Diran [] Sent: Friday, January 22, 2010 8:52 AM To: h...@cbn.net.id Subject: Fw: [iapitb] Ide kreatif great intuitive thinking. fy enjoyable reading. o.diran - Forwarded Message From: Agung Wulan Piniji agun...@yahoo.com To: iap...@yahoogroups.com great...tiap jari memiliki sensor. bener2 ide luar biasa salut untuk orang india agung wulan piniji _ From: Ananta Widjaja anan...@yahoo. com To: iap...@yahoogroups. com Sent: Thursday, January 21, 2010 18:58:44 Subject: [iapitb] Ide kreatif Teman2 Tonton deh.. http://economictime s.indiatimes. com/tv/TED- India-Pranav- http://economictimes.indiatimes.com/tv/TED-India-Pranav-Mistry/videoshow_te d/5231080.cms Mistry/videoshow _ted/5231080. cms Amazing banget gimana ide2 kreatif bisa muncul ke depannya Salam Ananta/89 _ Get your preferred Email name! http://sg.rd.yahoo.com/aa/mail/domainchoice/mail/signature/*http:/mail.prom otions.yahoo.com/newdomains/aa/ Now you can @ymail.com and @rocketmail. com. __ Information from ESET Smart Security, version of virus signature database 4539 (20091024) __ The message was checked by ESET Smart Security. http://www.eset.com __ Information from ESET Smart Security, version of virus signature database 4539 (20091024) __ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]
[Keuangan] OOT: Claim your cash
I got this from my late mother's best friend. If you ever lived in the United States, you might want to check this out. I actually found a couple of thousand dollars in a forgotten bank account of 35 years ago! Apparently, it kept on earning a small interest for three decades. It's almost like finding money tucked away in the pocket of an old coat. Unfortunately, processing the claim could take up to 180 days, but still . (,) . Because this email just came in this early morning, I still haven't filed the claim yet, but I do hope you are at least as fortunate as I seem to be. Happy New Year and happy treasure hunting, -hms- PS I wonder if such a website exists for other countries that have good governance as well. _ From: Marcia Hugghins [mailto:hugg...@hotmail.com] Sent: Wednesday, December 30, 2009 4:31 AM To: Hasan Soedjono Subject: Claim your cash Hi Hasan You need to check this - I found YOUR NAME in xxx. You need to check all the states you lived in. Claim your cash Your budget is strained, thanks to the economy. And you just spent hundreds to send the kids back to school. But maybe your financial situation is better than you think. Maybe you have money of which you're unaware. OK, you watch every penny. You figure that if you had more money, you'd know it. Well, you could have unclaimed property. That could include utility deposits and insurance benefits. To find out, head to today's Cool Site. Click your state and enter your name. You'll get a list of unclaimed property that might be yours. You'll also find information on claiming it. Search every state you've called home. You never know what you may have left behind! http://www.unclaimed.org/ www.unclaimed.org May your day find love and laughter! [Non-text portions of this message have been removed]
[Keuangan] FW: harvardbusiness.org: Six Social Media Trends for 2010
Interesting predictions - especially about employees' obsessions of using company time to network excessively through their respective hand phones. And networks shrinking to become more exclusive (again!). -hms- _ From: Tommy tamtomo [mailto:ttamt...@yahoo.com] Sent: Wednesday, November 04, 2009 7:58 AM To: Harvard Subject: [harvard-club-indonesia] harvardbusiness.org: Six Social Media Trends for 2010 http://blogs.harvardbusiness.org/cs/2009/11/six_social_media_trends.html Six Social Media Trends for 2010 9:54 AM Monday November 2, 2009 by David Armano Tags:Social http://blogs.harvardbusiness.org/category/social-media/index.php media http://blogs.harvardbusiness.org/category/social-media/index.php david armano.jpg http://blogs.harvardbusiness.org/cs/flatmm/david%20armano.jpg In 2009 we saw exponential growth of social media. According to Nielsen Online, Twitter alone grew http://mashable.com/2009/03/16/twitter-growth-rate-versus-facebook/ 1,382% year-over-year in February, registering a total of just more than 7 million unique visitors in the US for the month. Meanwhile, Facebook continued to outpace MySpace. So what could social media look like in 2010? In 2010, social media will get even more popular, more mobile, and more exclusive - at least, that's my guess. What are the near-term trends we could see as soon as next year? In no particular order: 1. Social media begins to look less social With groups, lists and niche networks becoming more popular, networks could begin to feel more exclusive. Not everyone can fit on someone's newly created Twitter list and as networks begin to fill with noise, it's likely that user behavior such as hiding the hyperactive updaters that appear in your Facebook news feed may become more common. Perhaps it's not actually less social, but it might seem that way as we all come to terms with getting value out of our networks - while filtering out the clutter. 2. Corporations look to scale There are relatively few big companies that have scaled social initiatives beyond one-off marketing or communications initiatives. Best Buy's Twelpforce http://twitter.com/Twelpforce leverages hundreds of employees who provide customer support on Twitter. The employees are managed through a custom built system that keeps track of who participates. This is a sign of things to come over the next year as more companies look to uncover cost savings or serve customers more effectively through leveraging social technology. 3. Social business becomes serious play Relatively new networks such as Foursquare http://foursquare.com/ are touted for the focus on making networked activity local and mobile. However, it also has a game-like quality to it which brings out the competitor in the user. Participants are incentivized and rewarded through higher participation levels. And push technology is there to remind you that your friends are one step away from stealing your coveted mayorship. As businesses look to incentivize activity within their internal or external networks, they may include carrots that encourage a bit of friendly competition. 4. Your company will have a social media policy (and it might actually be enforced) If the company you work for doesn't already have a social media policy in place with specific rules of engagement across multiple networks, it just might in the next year. From how to conduct yourself as an employee to what's considered competition, it's likely that you'll see something formalized about how the company views social media and your participation in it. 5. Mobile becomes a social media lifeline With approximately 70 percent of organizations banning social networks and, simultaneously, sales of smartphones on the rise, it's likely that employees will seek to feed their social media addictions on their mobile devices. What used to be cigarette breaks could turn into social media breaks as long as there is a clear signal and IT isn't looking. As a result, we may see more and/or better mobile versions of our favorite social drug of choice. 6. Sharing no longer means e-mail The New York http://www.nytimes.com/services/mobile/iphone.html Times iPhone application recently added sharing functionality which allows a user to easily broadcast an article across networks such as Facebook and Twitter. Many websites already support this functionality, but it's likely that we will see an increase in user behavior as it becomes more mainstream for people to share with networks what they used to do with e-mail lists. And content providers will be all too happy to help them distribute any way they choose. These are a few emerging trends that come to my mind - I'm interested to hear what you think as well, so please weigh in with your own thoughts. Where do you see social media going next? David Armano is part of the founding team at Dachis http://dachisgroup.com Group, an Austin based consultancy
[Keuangan] FW: Indonesia at BB+? Deutsche Bank makes the case
http://www.financeasia.com/article.aspx?CIaNID=111607 http://www.financeasia.com/article.aspx?CIaNID=111607eid=11edate=20090903 eaddr=bdo...@indosat.net.id eid=11edate=20090903eaddr=bdo...@indosat.net.id 3 September 2009 Indonesia at BB+? Deutsche Bank makes the case By Lara Wozniak, Martin Hohensee, Deutsche Bank's head of fixed-income research in Asia, thinks Indonesia can today be considered a BB+ credit. Indonesia's economy has developed significantly since the Asian financial crisis. Steady domestic growth, fiscal conservatism and a functioning local capital market has helped outlast a global recession that many thought would engulf the archipelago. Martin Hohensee, Deutsche Bank's head of fixed-income research in Asia, thinks Indonesia can today be considered a BB+ credit; two notches above its current rating of BB- at Standard Poor's and Ba3 at Moody's. He shares his views with FinanceAsia. What makes you see Indonesia as a BB+ credit? We think the question is not so much whether Indonesia is an improving credit but one of how good it has become. The ratings agencies have recognised Indonesia's achievements in recent years, however we think upgrades have not kept pace with improvements. Based on quantitative comparisons with 60 other countries over the past seven years, we find Indonesia's current ratings of BB-, Ba3 and BB at SP, Moody's and Fitch respectively, inconsistent with current measures of creditworthiness. On qualitative measures, we have seen a steady improvement under President Susilo Bambang Yudhoyono's administration and we expect to see more of the same in its second term. Economic performance aside, Indonesia has demonstrated strong fiscal and monetary management over the past several years. The fact that government finances have remained firmly intact over the past two years, despite a period of surging oil prices and a global recession, is testament to the progress Indonesia has made towards ensuring fiscal stability. With a less highly leveraged economy than some of its neighbours, growth didn't suffer greatly during the crisis as the economy was less susceptible to the squeeze in global credit markets. Another positive for fiscal stability is the apparent ease with which energy prices were increased by 30% in May last year. As retail energy subsidies remain a key variable in Indonesia's fiscal profile (industrial prices have been fully liberalised) the ability to pass through cost increases when fiscal pressure becomes too great is extremely important. Indonesia's fiscal consistency has not only been noteworthy for is resilience to the credit crunch and high oil prices, but also for remaining largely stable, while other Asian governments were expanding fiscal stimulus. We expect Indonesia to contain its deficit to well within the current target of 2.5%, with primary surpluses reducing the country's debt-to-GDP ratio, currently down to around half of its 2002 level and well below the median for similarly rated countries. The need to diversify sources of funding was a key lesson from the Asian financial crisis -- how does Indonesia look now in this regard? Combined with its stable deficit, Indonesia's financing risk is clearly being well-managed, with a broad range of funding options available to the government. Indonesia already has an established track-record issuing G3 bonds and a vibrant local currency bond market. This has been broadened to retail, global and local sukuk bond issuance, and Indonesia also sold a wrapped yen bond this year. It is also important to note that as the financial crisis moved towards its nadir in October 2008, the Ministry of Finance secured lines of credit from multilateral creditors as a contingency against being frozen out of offshore capital markets. While none of these credit lines have been drawn down, this facility demonstrates a proactive policy approach that we believe sets Indonesia apart from many other BB rated countries. How important is tax reform to maintaining Indonesia's fiscal position? Increasing tax revenues is important and steps are being taken towards reform. Efforts are currently underway to improve administration, systems and bring a larger proportion of the population from the informal sector to the formal sector. While reform is an ongoing process, we expect revenues to improve in the meantime as income from gas and oil taxes rise in line with a recovery in global commodity markets. Regardless, it is important to point out that given Indonesia's aggressive debt reduction in recent years, the country's debt servicing burden is currently in line with like-rated countries. What about monetary stability? Does Indonesia's external balance position present a risk? Indonesia has had some success at dampening inevitable capital outflows through conservative monetary policy and by maintaining confidence with its fiscal policy. While the credit crisis was a challenge, with $4.5 billion in
[Keuangan] The Economics of Ramadhan
Interesting reading - written by a young ITB alumni, with thanks to Sri for forwarding this. -hms- _ From: Srisetiowati Seiful [mailto:srise...@gmail.com] http://rivanroyono. http://rivanroyono.wordpress.com/2009/08/26/the-economics-of-ramadhan/ wordpress.com/2009/08/26/the-economics-of-ramadhan/ August 26, 2009 The Economics http://rivanroyono.wordpress.com/2009/08/26/the-economics-of-ramadhan/ of Ramadhan Rivandra Royono I started fasting at a very young age. Not necessarily out of extreme piousness, but rather because I wasn't much of an eater and was only too grateful to be allowed not to have lunch for an entire month. On top of that, by a five year-old's logic, I believed I was doing my parents a big favor by cutting down expenses for food. That five year-old's logic is turned completely upside down by reality. As a matter of fact, households' expenses in Indonesia, as well is in other predominantly Muslim economies, increase quite significantly during Ramadhan. Apparently, during the holy month, the overwhelming majority of Indonesian households increase their consumption, which pushes up demand, thus increases price. So not only do households buy more stuff, they buy them at higher prices. If there are still people out there who are skeptical that Ramadhan induces higher inflation, governments of predominantly Muslim countries all over the world are certainly not. From Indonesia to Jordan, governments recognize the immense increase in demand and are already rushing to intervene the market by either upping supply or imposing ceiling price. However, even with such relatively massive intervention, the demand shift is usually too significant and higher inflation is inevitable. Indonesian Trade Minister Pangestu already found 11 to 33 percent increase in price of foodstuff in Bandung a day before Ramadhan started. That price increases because of rising demand is basic economics; that demand increases during what is supposed to be the month of frugality is nothing short of an irony. The major culprits behind this demand shift are likely to be the middle and upper classes, who have the means to consume more. What really causes the consumptive behavior is up for grabs. One explanation is that we are all too sensitive to our loss of utility-loosing meals during the day-and overcompensate it by consuming more in the evening and during Ied. A more common term used for this hypothesis is balas dendam-avenging for our loss. Or perhaps it is impulse buying and herding movement-we see everybody else eating out, having feasts with friends and family, and we are compelled to join the wagon. It's quite easy to justify these impulses by saying that it's all in the spirit of strengthening silaturahmi or bonds among the ummat. Regardless of what really caused demand-pushing behavior, what we really need to understand is that the significantly higher inflation during Ramadhan hurts the poor tremendously. Most of them do not work as traders and would not feel the benefit of the inflation. Yet they would certainly feel the impact of increased price, especially of basic goods. Cutting down both quantity and quality of food is often the only option. Worse still, in the effort to reap benefit from the inflation, some traders would be compelled to sell damaged goods at lower price; and they would certainly find buyers. Nearing Ramadhan, officials from Jakarta had raided a number of stalls in traditional markets that sold spoiled chicken and meat. It is the poor who would most likely buy and consume these damaged goods, and later suffer the consequences. To be fair, demand shift and inflation are not the only Ramadhan-induced economic phenomena. While an in-depth analysis of aggregate data is required to validate the following statement, anecdotal evidence indicates that the holy month also brings about increased redistribution of wealth. It is after all the month of charity. However, increased alms-giving, be it compulsory like the zakat or voluntary like the sadaqoh, would only significantly benefit the poor in a low-inflation economy; and as we have seen, this is not the norm during Ramadhan. Coupled with inflation, alms would most likely only help the poor maintain their purchasing power, but not increase it. Furthermore, while inflation affects the entire population, alms tend to be targeted to only small pockets of the same population. Hence, though there would indeed be poor households who received assistance in coping with the inflation, most of the lower class population would only feel the full-blown effect of increased price without receiving significant support from the redistributed wealth. In the light of everything, the middle and upper classes would actually help the poor more by not spending than by giving. So all this leads the Muslim middle and upper classes to two options. If we really wish to help the poor during the holy month,
[Keuangan] FW: Garuda Indonesia: To Raise $300M-$400M Via
After almost a decade of waiting - at last an indicative number and indicative percentage. -hms- _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Wednesday, August 26, 2009 9:36 AM To: !B.DORPI P. Subject: Re.: Garuda Indonesia:To Raise $300M-$400M Via Importance: High http://online.wsj.com/article/BT-CO-20090824-707509.html AUGUST 24, 2009, 9:46 A.M. ET Garuda Indonesia:To Raise $300M-$400M Via IPO JAKARTA (Dow Jones)--Indonesian national airline PT Garuda Indonesia aims to raise $300 million to $400 million from an initial public offering that it plans to undertake in the first half of 2010, Chief Executive Emirsyah Satar said Monday. Satar told reporters the proceeds of the deal are to be used to fund Garuda's planned business expansion. He added that Garuda is worth an estimated $1.5 billion in total. Satar's comments were the clearest indication so far of the planned scale of the IPO. The chief executive said earlier this year that around 15% to 20% of Garuda may be sold in the offering, but didn't specify the amount of funds it intends to raise. Garuda, which is one of the world's few profitable airlines after struggling to turn a profit for much of its previous history, now plans to expand its fleet and service more international routes. The flag carrier aims to start flights to Amsterdam next year, and may fly to other European cities and to the U.S. at a later stage. The European Union last month partially lifted a two-year flight ban on Indonesian airlines, allowing Garuda and several smaller Indonesian carriers to fly to its member states, after the Indonesian government worked to improve safety and oversight. The bloc in 2007 banned all Indonesian airlines from entering its airspace following a string of fatal crashes in Indonesia, including a Garuda flight which crashed on a domestic route, killing 21 people, including five Australians on an official trip. Garuda previously operated flights to Amsterdam but ceased flying the route in 2004. No Indonesian airlines currently fly to Europe. The improvements in Garuda's financial performance, and the green light to resume European flights, add to expectations that Garuda may finally be listed next year, after the Indonesian government several times in previous years dropped plans to sell the airline. The previous such plan for an IPO in the first half of this year was canceled after Garuda failed to complete adequate preparation in time. Also Monday, Satar said Garuda hopes by next month to conclude a restructuring of $760 million in debt, including IDR1 trillion ($100 million) owed to state lender PT Bank Mandiri (BMRI.JK). The debt restructuring will enable Garuda's business expansion to proceed more easily and quickly and will help Garuda improve its financial performance, Satar said. As well as extending its routes, Garuda also plans over the next five years to increase its fleet to 116 aircraft from 62, including acquisitions of larger Boeing 777s and Airbus 330-200s. -By Linda Silaen and Reuben Carder, Dow Jones Newswires; 62 21 3983 1277; mailto:reuben.car...@dowjones.com reuben.car...@dowjones.com [Non-text portions of this message have been removed]
[Keuangan] FW: Sri Mulyani Batal Menjadi Calon Gubernur BI
Mungkin masih lebih senang sebagai Menko? _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Wednesday, July 22, 2009 7:34 AM To: !B. DORPI P. Subject: Re.: Sri Mulyani Batal Menjadi Calon Gubernur BI Importance: High http://www.tempointeraktif.com/hg/perbankan_keuangan/2009/07/21/brk,2009072 1-188309,id.html http://www.tempointeraktif.com/hg/perbankan_keuangan/2009/07/21/brk,20090721 -188309,id.html Selasa, 21 Juli 2009 | 22:44 WIB Sri Mulyani Batal Menjadi Calon Gubernur BI TEMPO Interaktif, Jakarta - Menteri Keuangan Sri Mulyani Indrawati dikabarkan batal menjadi calon Gubernur Bank Indonesia. Ketua Komisi Keuangan dan Perbankan Dewan Perwakilan Rakyat Achmad Hafiz Zawawi mengatakan nama Sri tidak lagi masuk bursa calon pengganti Boediono, yang mengundurkan diri karena menjadi calon wakil presiden. Tidak jadi lagi Sri Mulyani, tapi saya tidak mengetahui nama calon-calonnya, kata Hafiz di Museum Bank Indonesia yang diresmikan Presiden Susilo Bambang Yudhoyono, Selasa (21/7). Hafiz mengharapkan Menteri Sekretaris Negara Hatta Rajasa mengirimkan nama calon Gubernur Bank Indonesia paling lambat pertengahan Agustus 2009. Saat berkunjung ke redaksi majalah Tempo, 24 Juni lalu, Presiden Susilo Bambang Yudhoyono menyebutkan nama Sri Mulyani sebagai salah satu kandidat Gubernur Bank Indonesia. Sudah ada calon. Mungkin dua calon. Salah satu calon, ya, Menteri Keuangan saya, Sri Mulyani, tuturnya. Namun, belakangan, seusai pemilihan presiden, nama Sri Mulyani meredup. Bekas direktur eksekutif Dana Moneter Internasional (IMF) itu kemungkinan akan dipertahankan sebagai menteri keuangan. Dua nama yang saat ini banyak dijagokan menjadi gubernur bank sentral adalah Deputi Gubernur Bank Indonesia Hartadi Sarwono dan Direktur Jenderal Pajak Darmin Nasution. Darmin baru-baru ini terpilih sebagai Deputi Gubernur Senior menggantikan Miranda Swaray Goeltom. Sekretaris Negara Hatta Rajasa membenarkan Presiden Susilo Bambang Yudhoyono telah menandatangani surat keputusan soal Darmin sebagai Deputi Gubernur BI. Tapi saya lupa persis tanggalnya, kata Hatta melalui layanan pesan singkat. Dalam konferensi pers mengenai penerimaan pajak semester pertama siang tadi, Darmin mengaku belum tahu kapan akan diambil sumpah sebagai Deputi Gubernur Senior Bank Indonesia. Menurut jadwal, Miranda akan habis masa tugasnya pada Ahad ini. Saat ditanya perihal pengganti dirinya, Darmin tak mau berkomentar banyak. Kita tunggu saja, saya tidak berwenang, ucapnya. Dia juga menolak menyebut jumlah nama yang telah berada di meja menteri keuangan. EFRI RITONGA | EKO NOPIANSYAH | RIEKA RAHADIANA __ Information from ESET Smart Security, version of virus signature database 4265 (20090721) __ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]
[Keuangan] FW: Goodyear's shock exit from Temasek
_ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Wednesday, July 22, 2009 6:54 AM To: !B.DORPI P. Subject: Re.: Goodyear's shock exit from Temasek Importance: High http://www.financeasia.com/article.aspx?CIID=150714 http://www.financeasia.com/article.aspx?CIID=150714 22 July 2009 Goodyear's shock exit from Temasek By Rupert Walker Chip Goodyear leaves Temasek even before taking charge, over differences regarding strategic issues. Charles (Chip) Goodyear will not, after all, become the first foreigner to run Temasek Holdings, the Singapore government investment company. The surprise announcement comes just four months into the leadership transition period, which should have ended with Goodyear taking over the reins from Ho Ching on October 1. According to a statement released by Temasek late yesterday afternoon, the board of directors and Goodyear have concluded and accepted that there are differences regarding certain strategic issues that could not be resolved. Hence they both decided that it is in their mutual interests to end the leadership transition process from August 15, at which time Goodyear will also step down from the board. Goodyear was appointed a member of the Temasek board on February 1 and CEO-designate exactly a month later. It is with much regret that both Chip and the board have accepted that it is best not to proceed with the leadership transition. We wish Chip all the best in his future endeavours, and are happy that Ho Ching has agreed to continue as executive director and CEO, Temasek's chairman S Dhanabalan said. Goodyear added that he too was sorry that we are unable to continue with the leadership transition. Temasek has a fantastic platform and I wish the board, Ho Ching and the team all the best, he said. Temasek was unable to comment on any compensation package agreed with Goodyear. Meanwhile, Ho Ching praised Goodyear's albeit brief contribution, but left open what those strategic issues might be, saying that, in the short time with us, Chip has started a number of initiatives which I believe will help strengthen the Temasek platform. I am sorry he is unable to continue with the leadership transition, and hope to complete the initiatives that he has started. Goodyear is the former boss of leading Anglo-Australian mining group BHP Billiton, and would have been the first foreigner to run Temasek, the smaller of Singapore's government investment companies. He left BHP Billiton in early 2008, having started as chief financial officer in 1999 after a career as an investment banker at Kidder Peabody. His appointment to head Temasek had indicated that a redirection of the firm's investment policy towards the natural resources and energy sectors was likely. But Temasek said yesterday that any inference of a change in focus had merely been a rumour, and that the fund would continue to invest in several sectors, and seek various opportunities. But it looks as if it's back to square one for Temasek in terms of the search for a new boss. In a further statement yesterday, chairman Dhanabalan said the board, including Ho Ching, has been engaged on the issue of CEO succession since early 2005. This involves an annual review of both external and internal candidates over various time horizons [and] Temasek will continue with this annual succession planning process, he said. Ho, who is married to Singapore Prime Minister Lee Hsien Loong took the helm at Temasek in 2004, and had aimed to diversify the fund's portfolio with about one-third invested in Singapore, one-third elsewhere in Asia, and the rest in developed economies. A clear investment philosophy was to invest in industries which should grow in tandem with an expansion of the region's middle class, such as healthcare and education providers. Banking and telecoms also entered the fund's radar. In the financial sector, Temasek bought a 20% stake in Standard Chartered in 2006, but it was its combined $5.3 billion investment in Merrill Lynch in December 2007 and July last year, and its £2.1 billion ($3.1billion) investment in Barclays in 2007 that attracted most attention and which have caused the most pain. The fund made losses of more than $4 billion when it sold these stakes earlier this year. The release of the fund's fiscal 2009 results in August will show how badly it was damaged by the collapse in stockmarkets last year. Temasek's portfolio lost $58 billion in value in the eight months to November 2008, leaving it with total assets of $84 billion, Singapore finance minister Tharman Shanmugaratnam said in May. __ Information from ESET Smart Security, version of virus signature database 4265 (20090721) __ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]
[Keuangan] OOT: Bambang : McD Buldozer dan secara de Facto Hak Saya
Saya posting dua clipping, tanpa komentar. -hms- _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Saturday, June 06, 2009 7:41 AM To: !B. DORPI P. Subject: Re.: Bambang : McD Buldozer dan secara de Facto Hak Saya Importance: High http://www.jawapos.co.id/ Jum'at, 05 Juni 2009 Bambang : McD Buldozer dan secara de Facto Hak Saya JAKARTA - Juragan waralaba Bambang Rachmadi mengecam keputusan McDonald's International Property Company (MIPCO) menjual lisensi hak pengelolaan 97 restoran McD kepada Grup Rekso (perusahaan induk produsesn teh botol Sosro). Bambang mengaku selama ini McDonald tidak fair terhadap dirinya. Secara de jure hak-hak saya sebagai pemegang saham sudah di-buldozer dan secara de facto PT Bina Nusa Rama (PT BNR) sudah hanya tinggal pepesan minus saja, ujar Bambang Rachmadi dalam keterangan tertulis kemarin (4/6). PTBNR adalah perusahaan patungan antara Bambang Rachmadi dengan McDonald's International Property Company dalam pengelolaan restoran McD di Indonesia. Bagi Bambang, pokok permasalahan sebenarnya terjadi bukan pada status kepemilikan dari ke-13 restoran McD yang dioperasikannya. Inti permasalahan ini, lanjut bekas menantu mantan Wapres Sudharmono, adalah tidak dilibatkan dirinya selaku pemegang saham PT BNR dalam seluruh keputusan penting perusahaan. Termasuk penjualan 97 restoran yang semula dimiliki PTBNR ke PT Rekso Nasional Food, lanjutnya. Dia mengaku selama 14 tahun PT BNR berdiri, dirinya tidak pernah menerima keuntungan satu sen pun sejak beroperasinya joint venture di McD Indonesia. (wir) __ Information from ESET Smart Security, version of virus signature database 4102 (20090525) __ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]
[Keuangan] FW: PT Rekso Nasional Food Buka 75 Gerai McDonald's Baru
Saya posting dua clipping, tanpa komentar. -hms- _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Saturday, June 06, 2009 7:43 AM To: !B. DORPI P. Subject: Re.: PT Rekso Nasional Food Buka 75 Gerai McDonald's Baru Importance: High http://www.jawapos.co.id/ Kamis, 04 Juni 2009 PT Rekso Nasional Food Buka 75 Gerai McDonald's Baru JAKARTA - Merger makanan siap saji dan minuman dalam kemasan terlaris di Indonesia akhirnya terjadi. Setelah menjadi rumor berhari-hari, pemegang hak waralaba restoran cepat saji Mc Donald's asal Amerika, McDonald's International Property Company (MIPCO), kemarin (3/6) resmi menunjuk PT Rekso Nasional Food, anak perusahaan Rekso Group (holding company Sinar Sosro Group), untuk mengoperasikan dan membuka restoran McD baru di seluruh Indonesia. Kesepakatan itu dituangkan dalam sebuah Master Franchise Agreement. Direktur Marketing dan Komunikasi PT Rekso Nasional Food Dian Supolo menyatakan, kesepakatan itu membuat 97 gerai McD dalam pengelolaan PT Rekso Nasional Food mulai kemarin. Transaksi ini tidak mempengaruhi kepemilikan Bambang Rachmadi, karena 13 gerai milik Pak Bambang bukan termasuk bagian dari gerai McD yang dibeli PT Rekso Nasional Food, tegasnya menanggapi kemungkinan konflik dengan pemegang hak waralaba lama, Bambang Rachmadi. Setelah resmi mendapat lisensi McDonald's, berbagai reancana ambisius langsung disampaikan PT Rekso Nasional Food. Salah satunya adalah target membuka lebih dari 75 gerai restoran berlogo huruf m itu dalam tempo lima tahun mendatang. (wir/kim) __ Information from ESET Smart Security, version of virus signature database 4102 (20090525) __ The message was checked by ESET Smart Security. http://www.eset.com [Non-text portions of this message have been removed]
[Keuangan] OOT: No Signs of Sustained Global Spread of Swine Flu
Encouraging, but dont let our guard down. -hms- _ From: Philip y...@notebook [] Sent: Sunday, May 03, 2009 7:30 AM To: Hasan M. Soedjono; Mok Chee Liang Subject: No Signs of Sustained Global Spread of Swine Flu May 3, 2009 No Signs of Sustained Global Spread of Swine Flu By DENISE http://topics.nytimes.com/top/reference/timestopics/people/g/denise_grady/i ndex.html?inline=nyt-per GRADY and LIZ http://topics.nytimes.com/top/reference/timestopics/people/r/liz_robbins/in dex.html?inline=nyt-per ROBBINS The World http://topics.nytimes.com/top/reference/timestopics/organizations/w/world_h ealth_organization/index.html?inline=nyt-org Health Organization announced an increase in the number of confirmed cases of swine http://topics.nytimes.com/top/reference/timestopics/subjects/i/influenza/sw ine_influenza/index.html?inline=nyt-classifier flu on Saturday, but said there was no evidence of sustained spread in communities outside North America, which would fit the definition of a pandemic. Health officials say the continuing outbreak must be closely monitored. At the present time, I would still propose that a pandemic is imminent because we are seeing transmission to other countries, Dr. Michael J. Ryan, the director of the World Health Organization global alert and response team, said in a teleconference from Geneva. We have to expect that phase 6 will be reached. We have to hope that it is not. Phase 6, the highest level in the organizations alert system, is a pandemic. But Dr. Ryan emphasized that the term describes the geographic spread of a disease, not its severity. There can be a pandemic of a mild disease. The current level, phase 5, means that the disease is spreading in communities not just within households or in returning travelers in two countries in one of the World Health Organizations six regions, in this case the United States and Mexico. Phase 5 also means a pandemic is imminent. To move up to phase 6, community spread would have to occur in at least one other country in another region. On Saturday, Canadian health officials said that the virus had been found in sick pigs on one farm in Alberta, the first report of the swine flus actually being found in swine. Previously, there had been heated debate about whether the virus could infect pigs, even though its genetic makeup clearly points to its having originated in swine at some point. But people were infecting each other, and until Saturday, no pigs had been found with the virus a fact that the pork industry used to bolster its argument that the virus should not even be named for swine. But researchers, busy with human cases, were not really looking for the disease in pigs. The news from Canada changes things. But it has a somewhat unexpected twist: a person appears to have spread the disease to the pigs, and not the other way around. A worker at the farm had traveled to Mexico, fallen ill there and unknowingly brought the disease back to Canada last month. The worker has recovered. About 10 percent of the 2,200 pigs on the farm got sick. According to the Canadian Food Inspection Agency, all recovered without treatment in five days. The entire herd remains under quarantine as a precaution. One of the reasons for watching this very closely is the potential for the virus passing back from the pigs to human beings, David Butler-Jones, the chief public health officer of Canada, said at a a news conference in Ottawa. Dr. Butler-Jones emphasized that the infection of the pigs by the human virus does not pose any increased threat to human health or the food supply. The eating of pork is absolutely not a problem, Dr. Butler-Jones said. Despite assurances from the Public Health Agency of Canada and Canadian agriculture officials, some countries banned imports of pork and pork products from Canada even before Saturdays announcement. Brian Evans, the executive vice president of the Canadian Food Inspection Agency, said that the Canadian government had informed the United States about the finding in Alberta. American officials, he added, indicated that they did not plan to ban Canadian products. On Saturday the W.H.O reported that there were 658 confirmed cases of the illness, officially known as Influenza http://health.nytimes.com/health/guides/disease/the-flu/overview.html?inlin e=nyt-classifier A(H1N1) , in 16 countries. Dr. Ryan said that the health organization was sending 2.4 million doses of antiviral drugs to 72 countries, including many poor countries that do not have supplies of their own. In the United States, the Centers http://topics.nytimes.com/top/reference/timestopics/organizations/c/centers _for_disease_control_and_prevention/index.html?inline=nyt-org for Disease Control and Prevention reported Saturday that there were 160 cases confirmed by laboratory tests in 21 states. (The agency posts the case count once a day; states sometimes report new cases later the same day
[Keuangan] OOT: [harvard-club-indonesia] Reminder: Luncheon Speaker: Philip L. Yeo (5th of May @Ritz Pacific Place)
Rekan-rekan milis Ahli Keuangan Indonesia, Minggu yang lalu kita baca di headline Kompas mengenai bea siswa pemerintah Singapura bagi siswa berbakat dari Indonesia. Orang dan otak di belakang ini semua adalah Philip Yeo, dulu adalah menteri perekonomian Singapura (EDB, atau Economic Development Board), dan sekarang adalah Chairman dari SPRING, suatu badan pemerintah Singapura yang bertujuan untuk mengembangkan aneka teknologi mutakhir. Dia baru saja selesai membangun kompleks technology incubation senilai USD 1 billion. Dan Selasa depan, di Jakarta, dia akan memberikan speech di suatu luncheon gathering (lihat di bawah). Synopsys dari ceramahnya bisa Anda baca di bawah. Philip Yeo was appointed by the Singapore government to run their economy during the last Asian Crisis ten years ago. Who knows? They might call him back again. He is also the recipient of Harvard Business School Distinguished Alumni award two years ago. That's the highest recognition any alumni can obtain. Kalau pesan lewat rekan saya di HCI (Harvard Club of Indonesia), Lily Surya (lily.su...@gmail. mailto:lily.su...@gmail.com com), harga luncheon hanya Rp 200K, bukan Rp 250K (seperti yang dijual oleh British Chamber of Commerce, dan Singapore Chamber of Commerce), tapi harus bayar cash (tunai). Bilang aja, teman Hasan Soedjono dari milis Ahli Keuangan. Salam, -hms- _ From: Lily Surya [mailto:lily.su...@gmail.com] Sent: Monday, April 27, 2009 11:03 AM To: harvard-club-indone...@yahoogroups.com Subject: [harvard-club-indonesia] Reminder: Luncheon Speaker: Philip L. Yeo (5th of May @Ritz Pacific Place) Dear Harvard Club mailing list members, We would like to remind you to please sign up before the end of this week (latest is 1st of May). Cheers, Lily Harvard Club, in association with the British Chamber of Commerce and the Singapore Chamber of Commerce will present a Luncheon Speaker: Philip L. Yeo Economic Development in Singapore: Challenge of Staying Relevant By Philip L. Yeo - HBS'76 (Recipient of HBS 2006 Alumni Achievement Awards) Chairman, Agency for Standards, Productivity and Innovation Board (Spring Singapore) Former Chairman, Singapore Economic Development Board Singapore's 40+ years of economic development and transformation has been and continues to be fraught with challenges. In mid-80s, Philip Yeo took over as Chairman, Economic Development Board (EDB) when Singapore was in a recession. Under his leadership, EDB successfully diversified the economy and built strengths in industries that remain as key pillars of Singapore's manufacturing sector. He then turned to building RD capacity as Chairman of A*Star to position Singapore for Knowledge-based economy. Currently, Philip leads SPRING Singapore in building depth and innovation capabilities of local SMEs. Philip would be sharing on the challenges and key initiatives in Singapore's economic transformation, his commitment to developing talent and laying critical foundations that would ensure Singapore stays relevant. Date:Tuesday, 5th of May 2009 Time:12:00 noon until 2:00 pm Place: Ritz Carlton Pacific Place, 6th Floor Ballroom 3 A B Philip L. Yeo's bio summary: Education Mr. Yeo graduated in 1970 in Applied Science (Industrial Engineering) from the University of Toronto under a Colombo Plan scholarship. He obtained a Master of Science (Systems Engineering) from the University of Singapore in 1974. In 1976, he obtained a Master in Business Administration from Harvard University under a Fulbright scholarship. Mr. Yeo has been conferred honorary PhDs from University of Toronto, Karolinska Institutet in Sweden and Imperial College London for his work in Economic Development in Singapore and Asia. Career Philip Yeo served in the Administrative Service from June 1970 to 31 March 1999. He served in various appointments in the Ministry of Defense, including Permanent Secretary for logistics, technology research development and defense industries. He left MINDEF to assume the appointment of Chairman, Economic Development Board in January 1986. During his EDB chairmanship, Yeo redirected EDB's focus from the traditional fields to new areas of business. These included: Internationally exportable services; developing high-tech industries like biomedical science, semiconductors, aerospace and specialty chemicals; nurturing local small and medium-sized enterprises and encouraging Singapore companies to make direct investments abroad. Mr. Yeo pioneered Singapore's participation in overseas infrastructure development projects such as those in the Bintan Industrial Estate and the Wuxi-Singapore Industrial Park in China. During this time, Philip Yeo also served as the first Chairman of the National Computer Board (now Infocomm Development Authority of Singapore from 1980 to 1987. He played a leading role in formulating and championing Singapore's first national computerisation plan to evolve the nation
[Keuangan] OOT: Influenza Babi (Swine Flu)
Dear Friends, CNN and BBC reports today that Mexico and America have been under attack by the Swine Flu. Already more than 68 have died, while more than 200 confirmed cases are reported. CDC (Central Decease Control) of Atlanta has confirmed 7 cases in California and Texas. Not since SARS has WHO (World Health Organization) been more concerned. It has the potential to become pandemic. Unlike bird flu, which spreads from village to village, the swine flu is spreading from city to city, suggesting that human travel is accelerating its spread - just like SARS. Mexico City, San Diego, and a city in Texas (which I forgot) are already reporting fatal cases. It is showing signs of being worse than SARS because it is spreading and killing very fast. With 22 million residents, Mexico City is the second largest city in the world - more than twice the population of Jakarta. The president of Mexico went on TV to ask all children not to go to school on Monday, and the government is instructing citizens not to go to places with much human contact. All cinemas, concerts, etc have been cancelled. Even shaking hands is not recommended. All the drugs stores have no more stock of face masks. Although the cure and prevention is known, North America cannot produce the vaccines fast enough. We all remember what SARS did to devastate air travel, tourism and business throughout the world. Let us hope and pray that North America and WHO succeed in containing this horrible development. Sorry to sound alarmist, but like in air transport, it is better to be safe than sorry. -hms- PS You can find hundreds of reports on the Internet http://in.truveo.com/Swine-flu-cases-mount-in-MexicoUS/id/2344469842 [Non-text portions of this message have been removed]
[Keuangan] OOT: Hello Windows 7, adios Vista
Artikel dari Jakarta Post hari Senin kemarin. -hms- _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Tuesday, February 10, 2009 12:07 PM To: !B.DORPI P. Subject: Re.: Hello Windows 7, adios Vista Importance: High http://www.thejakartapost.com/news/2009/02/09/hello-windows-7-adios-vista.ht ml JAKARTA | Mon, 02/09/2009 12:14 PM Hello Windows 7, adios Vista Zatni Arbi, Contributor Windows 7 fixes a lot of the problems found in Windows Vista. Still in its beta version, it can even run on a netbook with only 1 GB of RAM. Still remember the comments I made in my review of Dell Mini 12 last month? I found that I could hardly use it because the pre-installed Windows Vista made it run like a Toyota Avanza hauling a home trailer. Still, I loved the netbook because of its large screen, stylishness, lightweight and, especially, comfortable keyboard. At that time, I actually knew that the solution for the sluggishness was already on the horizon. It was certainly not a downgrade to Windows XP, as the days of the XP were already numbered. Instead, it would be an upgrade to the next version of Windows. Yes, I knew about the performance remedy, because I had seen it running on a Lenovo S10 netbook. Unfortunately I was under a non-disclosure obligation then, so I was unable to reveal it in my article. Now that Microsoft has gone public with the product and the beta version of Windows 7 is already available on Microsoft's website for download, I can share with you my first impression of it -- it is quite impressive. During a media outing two weeks ago, Microsoft Indonesia gave each journalist, including myself, a DVD containing the beta version of Windows 7 Ultimate, Build 7000. Back home, I took the Dell Mini 12 and my LG external DVD-RW out, put the DVD into the drive and ran the setup program. Strangely, it took more than three hours to install it with the Upgrade option. A couple of times I thought the computer hung, but it never did. The great thing was that the installation process hardly required any interference from me. Microsoft said that the installation, which is far more streamlined than Windows XP's, should normally take 30 minutes or so. However, once the installation was finished, I got a series of nice surprises. First, almost all of the programs and utilities that Dell had already installed on the Mini 12 were kept intact. These included Dell Dock, Dell WebCam, Dell Video Chat, even Microsoft Works. They all ran smoothly. The Wi-Fi worked well, too, and the netbook automatically got connected to my LinkSys access point without requiring any help from me. The only things that did not work in the new environment were Windows Desktop Manager and the McAfee antivirus software. That was to be expected and McAfee will for sure make its products fully Windows 7-compatible. More critical was the responsiveness. Booting up and shutting down still took some time, but it was far quicker than Windows Vista. When the boot up process was completed, the netbook was almost as responsive as a netbook running Windows XP. As the accompanying picture shows, I can open multiple Internet Explorer windows, a Microsoft Works document, the Dell WebCam and a couple of gadgets without any sign of memory overload. I can switch from one program to another in a blitz. No doubt about it, the programmers at Microsoft have done a great job. The new operating system is not as resource hungry as Windows Vista. Even in its beta version it is very stable; it has not crashed since I installed it. It can easily take the place of Windows XP as one of the ideal operating systems for a netbook with an Intel Atom N270 processor and only 1 GB memory. We should also keep in mind that the version I installed is a beta version. It is bound to be plagued with bugs. It will be several months before we can buy the release version. After that, there will be a Service Pack and incremental upgrades to iron out the bugs, and the performance will be improved further. Faster performance and lower hardware requirement are not the only strong points of Windows 7, though. During the media outing, Lukman Susetio, Microsoft Indonesia's Product Manager for Windows, demonstrated just a small number of new features found in it. One of the most interesting and very useful features is the capability to set up a wireless network using the computer's Wi-Fi. This allows us to share an Internet connection without the help of a router or an access point. So, for example, if several people are within the Wi-Fi range and one of them has a 3G or HSDPA USB modem that connects them to the Internet, the others can share it through their Wi-Fi network. Other very useful features in Windows 7 include a search engine, which it inherits from Windows Vista. The user interface is improved and can be personalized more than in its predecessor. For example, gadgets can now be placed anywhere on the screen,
[Keuangan] FW: Charles Goodyear to replace Ho Ching as Temasek CEO from Oct 1
Interesting development, just yesterday. -hms- _ From: B.DORPI P. [mailto:bdo...@indopetroleum.com] Sent: Saturday, February 07, 2009 8:00 AM To: !B.DORPI P. Subject: Re.: Charles Goodyear to replace Ho Ching as Temasek CEO from Oct 1 Importance: High http://www.channelnewsasia.com/stories/singaporebusinessnews/view/407246/1/. html Posted: 06 February 2009 1635 hrs Charles Goodyear to replace Ho Ching as Temasek CEO from Oct 1 By Nicholas Fang, Channel NewsAsia SINGAPORE: Ms Ho Ching is stepping down as CEO and executive director of Temasek Holdings after six years at the helm. American Charles W Goodyear will take over as CEO from October 1. At a media conference on Friday, Temasek said the leadership change is part of the investment company's succession planning process. Temasek also said it had begun the search for a successor for Ms Ho as early as 2005. Temasek chairman S Dhanabalan said that the board had debated whether or not to proceed with such a major change, given the turbulence in the global economy. He admitted there is a risk in changing leadership when the current leader and management team are doing a good job. But Temasek decided to move ahead with the change in view of its long-term interests. Mr Dhanabalan said: The team had already embarked on a different stance since mid-2007, and has begun to review its long-term plans under various scenarios prompted by the economic downturn. The board is of the view that, if we are to bring in new leadership, it would be just a good a time as any to involve a new leader in this review process. He also said that the addition of Mr Goodyear adds a more international flavour to Temasek's management team. The 51-year-old, known as Chip to friends and colleagues, is the former CEO of Australia's BHP Billiton, the world's largest diversified resources company headquartered in Australia with operations in 25 countries and a market value of approximately US$125 billion. Mr Goodyear has been with the company since 1999 and was appointed CEO in 2003. He joined Temasek's board of directors on February 1. Mr Goodyear's experience is expected to fit in with Temasek's long-term investment philosophy. He said: Temasek and BHP Billiton, a company in the resource and mining business, have a very long-term focus to the way they invest. In the resource business, our payoff times are in decades. During the media conference, Mr Dhanabalan said the change in CEO was not linked to recent loss-making investments by Temasek, or to Ms Ho being the wife of Singapore's Prime Minister, Lee Hsien Loong. Ms Ho is also stepping down from her executive director post at Temasek and she explained why she has decided not to stay on as a member of the board. She said: It's not a one-man show. Chip will definitely be a first among equals, as I am. This is an organisation that is both bottoms-up as well as top-down. It's never a one-way street. It's an organisation of people, of ideas, with a lot of energy. So I don't see myself as needing to hang around to direct things in any way, shape or form. When asked about her future plans, Ms Ho said that she is currently still focused on Temasek and will decide her next move when she hands over the reins to Mr Goodyear in October. Ms Ho joined Temasek as a director in January 2002 and became its executive director in May 2002. She has been its executive director and CEO since January 2004. Temasek Holdings is an Asian investment house headquartered in Singapore. It manages a portfolio with a net value of about S$185 billion or US$134 billion, weighted towards Singapore and Asia. - CNA/ir [Non-text portions of this message have been removed]
[Keuangan] OOT: CONTOH PEJABAT ANTI KORUPSI
Selingan sore hari. -hms- _ From: Iwan H. Suriadikusumah [mailto:bra...@centrin.net.id] - Original Message - From: Louis de Thouars To: Sent: Wednesday, January 07, 2009 5:44 PM Subject: FW: CONTOH PEJABAT ANTI KORUPSI _ From: andilm To: Subject: CONTOH PEJABAT ANTI KORUPSI Date: Tue, 6 Jan 2009 15:53:16 -0800 CONTOH PEJABAT ANTI KORUPSI Setelah proyek multimilyar dollar selesai, sang dirjen kedatangan tamu bule wakil dari HQ kantor pemenang tender. Udah 7 tahun di Jakarta jadi bisa cakap Indonesia. Bule: Pak, ada hadiah dari kami untuk bapak. Saya parkir dibawah mercy S 320. Dirjen : Anda mau menyuap saya? ini apa-apaan? tender dah kelar kok. jangan gitu ya, bahaya tau haree genee ngasih-ngasih hadiah. Bule: Tolonglah pak diterima. kalau gak, saya dianggap gagal membina relasi oleh kantor pusat. Dirjen: Ah, jangan gitu dong. saya gak sudi!! Bule (mikir ): Gini aja, pak. gimana kalau bapak beli saja mobilnya... Dirjen: Mana saya ada uang beli mobil mahal gitu!! Bule menelpon kantor pusat. Bule: Saya ada solusi, Pak. bapak beli mobilnya dg harga rp.10.000,- saja. Dirjen: Bener ya? OK, saya mau. jadi ini bukan suap. pake kwitansi ya.. Bule: Tentu, Pak.. Bule menyiapkan dan menyerahkan kwitansi. dirjen membayar dengan uang 50 ribuan. mereka pun bersalaman. Bule (sambil membuka dompet ): Oh, maaf Pak. ini kembaliannya Rp.40.000,-. Dirjen: Gak usah pakai kembalian segala. tolong kirim 4 mobil lagi kerumah saya ya... Bule : @#$%^** . Web Bug from http://geo.yahoo.com/serv?s=97359714/grpId=19972164/grpspId=1705151647/msgId =5061/stime=1231259681/nc1=4025373/nc2=5579905/nc3=5522128 http://www.sng.ecs.soton.ac.uk/mailscanner/images/1x1spacer.gif [Non-text portions of this message have been removed]
[Keuangan] OOT: FW: [harvard-club-indonesia] HBS documentary broadcast by CNBC
It appears that the day of broadcast for CNBC in the USA is different than for Asia and Australia. Below herewith is a more accurate schedule when the piece on HBS will be aired. May it be worthy holiday TV-watching for you, -hms- _ From: yu...@post.harvard.edu [mailto:yu...@post.harvard.edu] Sent: Wednesday, December 17, 2008 11:53 AM To: yu...@post.harvard.edu Subject: [harvard-club-indonesia] HBS documentary broadcast by CNBC FYI, just in case you are interested to watch this documentary http://www.hbs. http://www.hbs.edu/news/releases/cnbcdocumentary.html edu/news/releases/cnbcdocumentary.html CNBC Asia SIN/HK broadcast time: * December 25: 0800, 1600, 2100 * December 26: 1300 * January 1: 1600 Harvard Business School Featured in CNBC Original Production The Money Chase: Inside Harvard Business School BOSTON, Dec. 12, 2008 - Harvard Business School is the focus of a new CNBC original production, The Money Chase: Inside Harvard Business School. Anchored by CNBC's Carl Quintanilla, the documentary will premiere on Wednesday, December 17, at 10 p.m. (eastern time). The show aims to provide an inside look at the Harvard MBA experience. Quintanilla, observes classes, interviews professors, and talks to current students about their expectations, concerns, and desire to thrive in a School full of high achievers. The Money Chase: Inside Harvard Business School also explores the role of business schools in the current troubled economy. Among the Harvard MBA students Quintanilla profiles are: * Lisandra Rickards: a first-year student from Kingston, Jamaica, who was the first in her family to attend college and whose goal is to help her country's troubled economy. * Spence and Maureen Miller, a married couple in their second year who applied separately to HBS - he, while serving as a U.S. Navy Seal in Iraq. Quintanilla also interviews a sampling of HBS alumni who share memories of their days at Harvard Business School. Among them: * Jamie Dimon (1982), Chairman, President CEO, JPMorgan Chase * Richard Edelman (1978), President CEO, Edelman Public Relations * Kathy Giusti, Founder CEO, Multiple Myeloma Research Foundation * Jeff Immelt (1982), Chairman CEO, General Electric * Ann Moore (1978), CEO, Time, Inc. * Stephen Schwarzman (1972), CEO, Blackstone Group * Meg Whitman (1979), former President CEO, eBay CNBC will rebroadcast the program several times after the December 17 premiere, including an encore presentation on Sunday, December 21, at 10 p.m. (eastern time). Additional CNBC bureaus* have scheduled the documentary to air around the holidays: Pan Asia SIN/HK * December 25: 0800, 1600, 2100 * December 26: 1300 * January 1: 1600 Australia AEDT * December 25: 1100, 1900 * December 26: 0400, 1600 * January 1: 1900 *More bureau/date details to come. For more information, including web extras and extended video clips, log onto: http://insideharvar http://insideharvardbiz.cnbc.com dbiz.cnbc.com. About Harvard Business School Founded in 1908 as part of Harvard University, Harvard Business School http://hbs.edu is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 140 open enrollment and custom Executive Education programs. For a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business around the globe. Copyright C 2008 President and Fellows of Harvard College Yudha Wibawa yu...@post.harvard. mailto:yu...@post.harvard.edu edu wib...@stanfordalum mailto:wib...@stanfordalumni.org ni.org [Non-text portions of this message have been removed]
[Keuangan] FW: Bernard Madoff arrested over alleged $50 billion fraud
Ouch!!! _ From: Agus Sutarjo [mailto:agus...@indosat.net.id] Sent: Friday, December 12, 2008 4:33 PM To: Hasan M. Soedjono Subject: Bernard Madoff arrested over alleged $50 billion fraud Pak Hasan, FYI dari berita Yahoo ada judul yg fantastis - nilai penipuan yg mencapai USD 50 milyar ! Di lain pihak hukumannya relatif ringan. Wassalam, AS. ( http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest) http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest) http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest)Bernard http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest)Bernard Bernard Madoff arrested over alleged $50 billion fraud NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses. Madoff told senior employees of his firm on Wednesday that it's all just one big lie and that it was basically, a giant Ponzi scheme, with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. On Thursday, two agents for the U.S. Federal Bureau of Investigation entered Madoff's New York apartment. There is no innocent explanation, Madoff said, according to the criminal complaint. He told the agents that it was all his fault, and that he paid investors with money that wasn't there, according to the complaint. The $50 billion allegedly lost would make the hedge fund one of the biggest frauds in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. U.S. prosecutors charged Madoff, 70, with a single count of securities fraud. They said he faces up to 20 years in prison and a fine of up to $5 million. The Securities and Exchange Commission filed separate civil charges against Madoff. Our complaint alleges a stunning fraud -- both in terms of scope and duration, said Scott Friestad, the SEC's deputy enforcer. We are moving quickly and decisively to stop the scheme and protect the remaining assets for investors. Dan Horwitz, Madoff's lawyer, told reporters outside a downtown Manhattan courtroom where he was charged, Bernard Madoff is a longstanding leader in the financial services industry. We will fight to get through this unfortunate set of events. A shaken Madoff stared at the ground as reporters peppered him with questions. He was released after posting a $10 million bond secured by his Manhattan apartment. Authorities, citing a document filed by Madoff with the U.S. Securities and Exchange Commission on January 7, 2008, said Madoff's investment advisory business served between 11 and 25 clients and had a total of about $17.1 billion in assets under management. Those clients may have included other funds that in turn had many investors. The SEC said it appeared that virtually all of the assets of his hedge fund business were missing. CONSISTENT RETURNS An investor in the hedge fund said it generated consistent returns, which was part of the attraction. Since 2004, annual returns averaged around 8 percent and ranged from 7.3 percent to 9 percent, but last decade returns were typically in the low-double digits, the investor said. The fund told investors it followed a split strike conversion strategy, which entailed owning stock and buying and selling options to limit downside risk, said the investor, who requested anonymity. Jon Najarian, an acquaintance of Madoff who has traded options for decades, said Many of us questioned how that strategy could generate those kinds of returns so consistently. Najarian, co-founder of http://us.rd.yahoo.com/dailynews/nm/bs_nm/storytext/us_madoff_arrest/302225 09/SIG=10qbkehre/*http:/optionmonster.com optionmonster.com, once tried to buy what was then the Cincinnati Stock Exchange when Madoff was a major seatholder on the exchange. Najarian met with Madoff, who rejected his bid. He always seemed to be a straight shooter. I was shocked by this news, Najarian said. 'LOCK AND KEY' Madoff had long kept the financial statements for his hedge fund business under lock and key, according to prosecutors, and was cryptic about the firm. The hedge fund business was located on a separate floor from the market-making business. Madoff has been conducting a Ponzi scheme since at least 2005, the U.S. said. Around the first week of December, Madoff told a senior employee that hedge fund clients had requested about $7 billion
[Keuangan] Bank Dunia: Ekonomi RI tumbuh 4,4% 2009
Tuh kan - even Bank Dunia pun meramal bahwa Indonesia akan tumbuh hampir 4.5%. Tinggal kita mau melihat gelas yang setengah isi atau gelas yang setengah kosong. Penulis berita di bawah lebih melihat gelas setengah kosong (seperti yang dikehendaki Bank Dunia), sedangkan saya melihat gelas yang setengah penuh. IMHO, Indonesia berpeluang menjadi Winner among Losers di kawasan Asean. Mengapa? Karena semua anggota Asean akan kena dampak krisis global yang jauh lebih parah daripada yang akan dirasakan di Indonesia. Saking pentingnya Amerika bagi Malaysia dan Singapura, kedua negeri tersebut adalah mitra dagang no 10 dan 11 terbesar bagi Amerika. Sedangkan Indonesia adalah mitra dagang ranking 37 terpenting bagi Amerika. Dengan kata lain, kita tidak tergantung pada Amerika separah seperti Malaysia, Singapore, Thailand, Filipina, dan Vietnam. Jadi, sudah seyogyanya kita perlu belajar bersyukur -- bukan ngomel, meratapi nasib, polemik dan demo. Dan lebih penting lagi, adalah kita perlu membuktikan rasa syukur tersebut dengan segera belajar bagaimana menyiasati momentum ini agar menjadi advantage yang lebih permanen, bukan advantage sementara yang mana setelah krisis berlalu, kemudian kita tertinggal lagi. One has to read their complete analysis to understand how IBRD (Bank Dunia) came to conclude that FDI (Foreign Direct Investment atau penanaman modal asing/PMA) will not grow in Indonesia. Kalau saya kurang sepaham dengan assessment Bank Dunia akan prospek PMA di Indonesia. Memang sih banyak kendala struktural yang kemarin-kemarin selalu dikeluhkan calon PMA. Tetapi pilihan FDI adalah dengan kacamata relatif ke alternatif di negeri lain, yang nota bene diramalkan akan tumbuh lebih perlahan dari Indonesia.Saya menduga bahwa FDI cenderung akan pilih Indonesia relatif ke anggota Asean yang lain, sehingga Rupiah akan cenderung menguat. Kalau mau, sekarang adalah waktu yang baik untuk menimbun Rupiah, bukan dollar. Time will tell - siapa yang benar, IBRD or hms. (VBG). -hms- PS _ From: B.DORPI P. [mailto:[EMAIL PROTECTED] Sent: Thursday, December 11, 2008 8:31 AM To: !B.DORPI P. Subject: Re.: Bank Dunia: Ekonomi RI tumbuh 4,4% 2009 Importance: High http://web.bisnis.com/keuangan/ekonomi-makro/1id92253.html Rabu, 10/12/2008 19:11 WIB Bank Dunia: Ekonomi RI tumbuh 4,4% 2009 oleh : Dewi Astuti JAKARTA (Bisnis.com): Bank Dunia memproyeksikan pertumbuhan ekonomi Indonesia pada 2009 turun menjadi 4,4% terhadap produk domestik bruto (PDB), sebelum kemudian pulih ke level 6% pada 2010. Proyeksi penurunan pertumbuhan ekonomi itu mempertimbangkan asumsi resesi ekonomi dunia saat ini terus berlanjut sepanjang tahun depan dan lebih buruk dibandingkan dengan resesi ekonomi dunia pada 1982. Dari era 1970-an hingga sekarang, ini merupakan resesi terburuk sebagai gabungan krisis ekonomi negara-negara mitra dagang Indonesia. Kami perkirakan pertumbuhan ekonomi [Indonesia] turun dari 6% pada 2008 menjadi 4,4% pada 2009, tulis laporan Bank Dunia bertajuk Indonesia Quarterly Economic Update: Battening Down the Hatches yang dirilis hari ini. Menurut lembaga donor itu, pelemahan pertumbuhan ekonomi Indonesia lebih dipengaruhi oleh perkembangan ekonomi mitra dagang utama yang pada kuartal III berada di bawah ekspektasi, dan bahkan mengindikasikan adanya risiko penurunan pertumbuhan yang signifikan. Kondisi tersebut secara langsung akan mempengaruhi prospek penanaman modal langsung (FDI) di Tanah Air, begitu juga terhadap permintaan produk dari Tanah Air pada tahun depan. FDI di Indonesia pada 2009 diperkirakan akan tumbuh 0%, sedangkan volume ekspor hanya naik 1%-2%. Bila dilihat dari prospek pasar saham tahun depan, Bank Dunia menilai Indonesia masih tetap rawan terhadap arus keluar modal, apalagi negeri ini menerapkan sistem ekonomi keuangan yang terbuka di mana mayoritas korporasi dalam pasar saham dan surat utang pemerintah dimiliki asing. Selain itu, depresiasi nilai tukar rupiah dan penurunan permintaan produk Indonesia dari mitra dagang utama akan memberi dampak pada penurunan laba korporasi dan menghasilkan non-performing loans (NPL) yang tinggi serta penurunan dalam permodalan perbankan. Secara keseluruhan, resesi yang berkelanjutan dengan penurunan yang berkaitan dengan surplus transaksi berjalan dan peningkatan risiko pembalikan akan tetap memberikan tantangan terhadap stabilitas makroekonomi. (yn) [Non-text portions of this message have been removed]
[Keuangan] FW: HBS Documentary to air on CNBC
Kalau tertarik dengan HBS, silahkan nonton. 10PM Eastern Standard Time hari Rabu, berarti hari Kamis pagi atau siang jam berapa ya, saya lupa. -hms- -hms- -Original Message- From: Christine Fairchild [mailto:[EMAIL PROTECTED] Sent: Saturday, December 06, 2008 12:05 AM To: Mr. Hasan M. Soedjono Subject: HBS Documentary to air on CNBC Dear HBS alumni, Mark your calendar and set your DVR for the premier showing of the CNBC documentary about Harvard Business School on December 17 at 10 PM EST. The hour-long documentary, filmed throughout the fall, focuses on the impact the School has had over the last hundred years and features students, faculty and alumni speaking about their experience at Harvard Business School and how it has impacted their lives. You can find some video clips at the CNBC website: http://www.cnbc.com/id/27785676. Sincerely, Christine Fairchild Executive Director for External Relations Harvard Business School Boston, Massachusetts
[Keuangan] FW: Sri Mulyani Ancam Mundur
Clipping selengkapnya di bawah. -hms- _ From: B.DORPI P. [mailto:[EMAIL PROTECTED] Sent: Friday, November 07, 2008 2:15 PM To: !B.DORPI P. Subject: Re.: Sri Mulyani Ancam Mundur Importance: High http://www.tempointeraktif.com/ Jum'at, 07 November 2008 | 09:13 WIB Sri Mulyani Ancam Mundur TEMPO Interaktif, Jakarta: Menteri Keuangan Sri Mulyani Indrawati beserta seluruh jajaran eselon satu Departemen Keuangan, Rabu malam lalu, menyampaikan rencana pengunduran diri kepada Presiden Susilo Bambang Yudhoyono. Niat itu disampaikan oleh Sri beserta jajaran lengkap pejabat Departemen Keuangan di Istana Negara, Jakarta. Pertemuan itu hanya dilakukan dengan Presiden, kata sumber Tempo di lingkungan Istana. Sekitar pukul 11 malam. Aksi mundur ini berawal dari kekecewaan Sri Mulyani dan jajaran Departemen Keuangan atas intervensi pemerintah terhadap Bursa Efek Indonesia. Semula, Bursa akan kembali memperdagangkan saham Bumi Resources milik Grup Bakrie, yang dihentikan perdagangannya di lantai bursa sejak 7 Oktober lalu akibat harganya longsor hebat. Rencana pencabutan suspensi saham Bumi telah dikeluarkan Bursa pada pukul 08.30 WIB. Kebijakan ini ditempuh karena telah ada penjelasan dari pihak Bakrie sebelumnya tentang rencana penjualan maksimal 35 persen saham Bumi kepada Northstar Pacific senilai US$ 1,3 miliar. Namun, tiba-tiba keputusan itu dibatalkan sesaat sebelum perdagangan sesi pertama dibuka pada pukul 09.30. Tak ada penjelasan detail di balik keputusan ini. Direktur Bursa Efek Indonesia Erry Firmansyah hanya menyebutkan, Atas permintaan pemerintah. Menurut sumber lainnya, keputusan pembatalan pencabutan suspensi terpaksa dilakukan Sri setelah menerima perintah dari Presiden. Sebab, kabarnya, ada sejumlah menteri dan pejabat di lingkungan Istana yang membisikkan kepada Presiden, jika hal itu dilakukan, dikhawatirkan saham Bumi akan anjlok dan merusak pasar secara keseluruhan. Menteri Badan Usaha Milik Negara Sofyan Djalil disebut-sebut sempat menemui Presiden membicarakan soal ini. Ia pun dikabarkan menghubungi Sri dan menyarankan pembatalan pencabutan suspensi. Namun, ia membantah. Tidak ada, lagi pula saya tidak tahu soal itu, ujarnya di kantornya kemarin. Itu gosip. Suara di kabinet kabarnya memang terbelah. Di satu sisi, ada yang menganggap rencana Sri membuka suspensi saham Bumi tak disertai alasan jelas. Sedangkan pihak lainnya berprinsip aturan bursa harus ditegakkan tanpa pandang bulu. Kenapa Bakrie harus mendapat perlakuan khusus, ujar sumber di Departemen Keuangan. Keputusan kontroversial inilah yang kemudian menyulut kemarahan jajaran Departemen Keuangan. Sri siang itu juga langsung memimpin rapat membahas persoalan ini di markas Departemen Keuangan di Lapangan Banteng. Pertemuan berlangsung hingga larut malam. Kami sepakat, aturan harus ditegakkan, apa pun taruhannya, kata salah seorang peserta rapat. Kalau tidak begitu, lebih baik mundur. Ini soal integritas. Setelah kata sepakat dicapai, Sri bersama seluruh pejabat eselon satu menemui Presiden di Istana. Dalam pertemuan itu, kata sumber tadi, Sri menyampaikan niatnya tersebut. Tapi Presiden secara tidak langsung menolak permohonan mundur Sri. Sri pun akhirnya mengurungkan niatnya, asalkan ia bersama jajarannya diberi kepercayaan penuh. Yang penting, ini menjadi pembelajaran, kata seorang pejabat. Setelah itu, kami masih berdiskusi hingga pukul dua dinihari. Juru bicara Presiden, Andi Mallarangeng, membantah kabar pengunduran diri Sri Mulyani. Bu Ani baik-baik saja, ujarnya. Sri pun memilih diam dan hanya berujar pendek, Ah, yang benar..., katanya mengelak. Metta Dharmasaputra/Wahyudin Fahmi/Agoeng Wijaya [Non-text portions of this message have been removed]
[Keuangan] OOT: FW: Play in the Capital Market-- Wall Street ala Indonesia
Here is an analogy from an old buddy about the recent behavior of Indonesia's capital market, in the form of an amusing allegory. As Charles Darwin discovered, there's a monkey in all of us. Best Wishes, -hms- _ From: Ongki P Sumarno [] Sent: Saturday, October 11, 2008 11:57 AM Subject: Play in the Capital Market-- Wall Street ala Indonesia If you have difficulty understanding the current world financial situation, the following should help... Once upon a time in a village in Indonesia , a man, let say his name is Donny, announced to the villagers that he would buy monkeys for Rp.100. The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rp.100, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at Rp. 200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rp. 300 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at Rp. 500! However, since he had to go to the city on some business, his assistant, Said, would now act as buyer, on his behalf. In the absence of the man, the assistant told the villagers: ' Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rp. 350 and when he returns from the city, you can sell them back to him for Rp. 500. ' The villagers squeezed together their savings and bought all the monkeys. Then they never saw Donny or his assistant, Said, again, only monkeys everywhere!. Now even all the villagers, including us, look like monkeys. [Non-text portions of this message have been removed]
[Keuangan] Financial Crisis Caution Urged by Faculty Panel at HBS Working Knowledge
Di HBS baru enam hari silam diadakan diskusi panel mengenai krisis keuangan Amerika (dan dunia) yang dipimpin langsung oleh dekan HBS sendiri. Resensi dari masing-masing pembicara dapat dilihat di situs ini. Meskipun mencakup permasalahan yang kompleks dan mereka tidak memprediksi outcome lebih lanjut, namun para pembicara mengajukan aneka persepsi dan analisa yang menarik, dan mungkin belum kita ketahui sebelumnya. http://hbswk.hbs.edu/item/6013.html Selamat Hari Raya Idul Fitri, dan mohon maaf lahir dan batin, -hms- [Non-text portions of this message have been removed]
[Keuangan] OOT: UPDATED FINANCIAL TERMS
Capital Markets, redefined. (,) -hms- _ From: Karen Mills [mailto:[EMAIL PROTECTED] CEO: Chief Embezzlement Officer. CFO: Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING -- The art of buying low and selling lower. P/E RATIO -- The percentage of investors wetting their pants as the market keepscrashing. BROKER -- What my broker has made me. STANDARD POOR -- Your life in a nutshell. STOCK ANALYST -- Idiot who just downgraded your stock. STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. FINANCIAL PLANNER -- A guy whose phone has been disconnected. MARKET CORRECTION -- The day after you buy stocks. CASH FLOW -- The movement your money makes ! as it disappears down the toilet. YAHOO -- What you yell after selling it to some poor sucker for $240 per share. WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. PROFIT -- an archaic word no longer in use. [Non-text portions of this message have been removed]
[Keuangan] OOT: UPDATED FINANCIAL TERMS
Capital Markets, redefined. (,) -hms- _ From: Karen Mills [mailto:[EMAIL PROTECTED] CEO: Chief Embezzlement Officer. CFO: Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING -- The art of buying low and selling lower. P/E RATIO -- The percentage of investors wetting their pants as the market keepscrashing. BROKER -- What my broker has made me. STANDARD POOR -- Your life in a nutshell. STOCK ANALYST -- Idiot who just downgraded your stock. STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. FINANCIAL PLANNER -- A guy whose phone has been disconnected. MARKET CORRECTION -- The day after you buy stocks. CASH FLOW -- The movement your money makes ! as it disappears down the toilet. YAHOO -- What you yell after selling it to some poor sucker for $240 per share. WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. PROFIT -- an archaic word no longer in use. [Non-text portions of this message have been removed]
[Keuangan] OOT: Ekonomi Indonesia Pasca Naik BBM
Seminggu yang lalu, KADIN mendapat dua paparan mengenai gambaran ekonomi Indonesia pasca kenaikan harga BBM. Yang pertama oleh Chief Economist dari salah satu bank nasional terkemuka, dan yang satu lagi oleh Menteri Keuangan Sri Mulyani. Saya mendapat softcopy dari PowerPoint presentation keduanya, dan oleh teman saya di KADIN diizinkan untuk membaginya dengan profesional yang berminat. Yang pertama berisi sekitar 50 slide dan besarnya sekitar 2MB. Sedangkan yang dari B'Sri Mulyani besarnya 3MB meski hanya 36 PowerPoint slides. Sebagaimana biasanya, silahkan hubungi saya via japri. Sekali lagi, bagi yang baru pertama kali kontak dengan saya, mohon perkenalan ringkas -- cukup Nama, Perusahaan dan Pekerjaan (jabatan/profesi). Salam selalu, -hms- [Non-text portions of this message have been removed]
[Keuangan] Absolute deference corrupts absolutely
A penetrating assessment of our justice system. A dysfunctional legal system creates injustice, which in turn perpetuates corruption. This has been the case here since day one of our independence - Old Order, New Order, and Reformasi. It seems to me that this has little to do with the quantity and quality of laws and regulations here. It's more about the simple matter of implementation and attitudes, or rather, lack of implementation and a thriving feudalistic culture. How long are we going to sit around accepting such a dire status quo? The famous quote from Jakarta Post last Saturday by Abba Eban (1915-2002): Men and nations behave wisely, once they have exhausted all other alternatives, seems to ring true in this case. -hms- _ From: Tommy tamtomo [mailto:[EMAIL PROTECTED] Sent: 15 April 2008 7:10 To: [EMAIL PROTECTED] Subject: [auri] Absolute deference corrupts absolutely -- Absolute deference corrupts absolutely Frank Richardson, Norwich, UK In Indonesian courts even the body language has to be deferential: No slouching, no crossing of legs and, no matter how blatantly unjust the verdict, obeisant gratitude is expected. So rarely are judges and prosecutors properly challenged by defense lawyers, they have little need to demonstrate either integrity or expertise in the law. Instead many lawyers either practice process litigation, whereby they expect to be paid for simply going through the legal motions, or they negotiate a bribe. It is often a mistake to stereotypify nationals and even more so in ethnically diverse Indonesia, but, with the exception of certain regions such as in Sumatra, deference is endemic. The beneficiaries of deference may consider it seditious to say so, but if anything detracts from democracy and equal rights it is this. Deference confers power on those being deferred to. If you imagine everyone going around in their own power bubble, those of the poor will be almost skin tight, while others belonging to those accorded deference because of their wealth and status will be expansive. The latter will have inflated their power bubbles by drawing from and thereby deflating others'. Undue importance given to such status symbols as luxury cars, mansions, job titles and academic certificates is a clear sign of this. Since, to quote John E.E.D. Acton, first Baron Acton, power corrupts and absolute power corrupts absolutely, deference, therefore, because it confers the power in the first place, is the real source of corruption. The opposite of deference, though, is not insolence, sedition or disrespect -- it is healthy assertiveness and challenge. It is easy to castigate judges for being corrupt and to single out a few corrupt mandarins and plutocrats to be pilloried. However, if we accept that deference corrupts, then it is the excessively deferential who are also, to a large extent responsible, and have a duty to change. It is because they know they are unlikely ever to be brought to account, that corrupt judges in Indonesia have little need to go to great lengths to hide their taking of bribes. Unlike in other countries, the paths to judges' chambers and homes are all too well-trodden by acquiescing lawyers. Corrupt judges must be challenged intelligently, which means creatively, tactically and by according them the very objectively rigorous process to establish the truth they deny others. The feature that usually marks out the verdict of a corrupt judge is unjustness that is apparent from often glaring inconsistencies or irregularities. It is these that must be exposed. Judges, after all, are there to establish the truth and mete out justice in the interests of society. When, because of corruption, they sell the power of state apparatus to the highest bidder, they totally fail in their duty to society and betray the very reason they were appointed. They certainly deserve no deference, but because of their power, they should be treated with respectful caution rather than fear. It is, therefore, the judgments of corrupt judges that must be assertively challenged. If one sticks only to the conventional way of doing things and goes through the process of appeals, injustice can prevail for years with no guarantee even then that justice will be done in the end. Not surprisingly, given the expense and inconvenience of it all, most simply do not bother. They endure the injustice and nothing changes so that, on a macro scale, Indonesians, though inhabiting a country that is fabulously rich in natural resources, remain poor and, as other Asian countries surge ahead, they, in relative terms, become poorer while their environment is despoiled. Lawyers, too, need to be better educated, better trained in law, litigation, advocacy, ethics and effective assertiveness with the clear aim of producing, first and foremost, just results for their clients. It should be the required function of a good lawyer to stretch the abilities of judges who, in
[Keuangan] FW: What Power Looks Like
A fascinating glimpse into the world of global money. -hms- _ From: B.DORPI P. [mailto:[EMAIL PROTECTED] Sent: 07 April 2008 8:59 To: !B.DORPI P. Subject: Re.: What Power Looks Like Importance: High http://www.newsweek.com/id/130637 http://www.newsweek.com/id/130637 Updated: 11:37 AM ET Apr 5, 2008 What Power Looks Like David Rothkopf NEWSWEEK They ride on Gulfstreams, set the global agenda, and manage the credit crunch in their spare time. They have more in common with each other than their countrymen. Meet the Superclass. To get a sense of how the world's elite acts in a moment of global crisis, a moment like the one we are in now, it's instructive to watch a player like Timothy Geithner at work. The New York Federal Reserve Bank president has been at the center of frantic behind-the-scenes efforts to stem the spread of the U.S. credit collapse, to manage the bank run that brought down Bear Stearns, and many crises before it. Slim and youthful Geithner can seem out of place working the phones within the monumental offices of the Fed, done in a style that might be characterized as late-middle mausoleum. Yet it is his very will-o'-the-wisp quality, his deftness, that makes him suited to the modern job of one of the most powerful men in the financial world. Because interest-rate changes and cash infusions have less lasting impact on markets than in the past, the power of central banks is effectively more limited. In today's world, no one institution, not even the U.S. Fed, has the power to contain a crisis. Being a successful central banker now depends on what Geithner calls a convening power . that is separate from the formal authority of our institution and which can be a very powerful tool. Speaking to Geithner while I was doing the research for my recently published book Superclass, he sketched in fascinating detail how the world's power elite rallies when the markets quake. Recalling an earlier crisis in global securities markets that he helped to manage, Geithner said the Fed brought together the leaders of the world's 14 major financial firms, from five countries, representing 95 percent of all the activity in global markets. The Swiss were there, the Germans were there, the British were there. Interestingly, no Asians were there, not even the Japanese. Goldman Sachs chairman and CEO Lloyd Blankfein jokingly called them 'the 14 families,' like in 'The Godfather', says Geithner. And we said to them, You guys have got to fix this problem. Tell us how you are going to fix it and we will work out some basic regime to make sure there are no free riders to give you comfort; you know that if you move individually everybody else will move with you. There was nothing in writing, no rules, no formal process, and while no one asked the Fed to act, the Fed let everyone in the markets know it was acting. The beauty of the process was its absolute efficiency, seeing what a tight circle of large firms with some global reach could get done, fast-with an executive committee of only four running the weekly conference call until the crisis was past. There is no formal mechanism we could have used to force this on anybody, so we had to invent it. I think the premise going forward is that you have to have a borderless, collaborative process. It does not mean it has to be universal, every jurisdiction or every institution, said Geithner. You just need a critical mass of the right players. It is a much more concentrated world. Geithner's description of the financial elite in crisis mode came many months before the recent meltdown of Bear Stearns, yet foreshadowed in an uncanny way how Treasury boss Henry Paulson, Fed boss Ben Bernanke, JPMorgan boss James Dimon and other bank heads powwowed over the course of a weekend to make a deal Bear Stearns could not refuse and to shore up markets. By necessity, the conversations were limited to the central players, the big decision makers whose clout would make the most difference on Wall Street and worldwide. Fast action was needed, and it was taken. The Fed's evolving crisis-management playbook underscores not only the move toward more public-private collaboration on big global issues, but also the concentration of power among a very select and insular group of players-in this case, the heads of the world's biggest financial institutions, as well as gatekeepers like Bernanke and Paulsen. The people on the recent calls like those described by Geithner, plus a few thousand more like them, not only in business and finance, but also politics, the arts, the nonprofit world and other realms, are part of a new global elite that has emerged over the past several decades. I call it the superclass. They have vastly more power than any other group on the planet. Each of the members is set apart by his ability to regularly influence the lives of millions of people in multiple countries worldwide. Each actively exercises this power, and often
