Composite Stock Price Index (JCI) opened lower back. Monday (1/2/2010), JCI opened at 2587.75 levels weakened 0.88 percent. Attenuation supported several blue chip stocks such as PT Astra International Tbk (ASII) which fell 4.96 percent to Rp 35,000 per share. There was also the shares of PT Bank Central Asia Tbk (BBCA), which fell 2.36 percent to USD 4925 per share

The shares to be precisely characterized activator index shares the second tier. PT Indo Tambangraya Megah Tbk (ITMG), for example, which rose 0.51 percent to Rp 31,750 per share. Meanwhile, banking shares of PT Bank Negara Indonesia Tbk (BBNI) rose 0.195 percent to as low as USD 1940 per share. There is also a stake in PT Bumi Serpong Damai Tbk (BSDE) was only 0.141 percent up to Rp 850 per share.

In Asian markets, the main stock index number is also seen red as investors reacted negatively to the company’s shares an attractive automotive (recall) products, such as Honda Motor Co. Ltd. Nikkei 225 index shed 0.39 percent to 10.158.75 level. Shanghai index down 1.46 percent at the level of 2945.70 to the Hang Seng index followed a stepped down 0.85 percent to 19,950.99 level. Straits Times Index fell 0.62 percent to 2727.65 and the level Kospi index fell 0.30 percent to 1597.69 level.

- Until the end of December 2009, the bank had to channel financing of Rp 14.8 trillion to the food sector. This figure grew 11 percent compared with 2008.

Director of Corporate Banking Bank Mandiri Riswinandi Friday (29 / 1) in Jakarta said the soil and climate conditions in Indonesia strongly supports the development of various food commodities.

Indonesia also has a human resources with knowledge and experience of good farming, and the high interest of investors to invest their capital in the food sector. “The factors driving growth into the food sector in Indonesia, Bank Mandiri to it actively facilitate efforts to increase food production homeland,” said Riswinandi.

Bank Mandiri’s commitment to support the food sector and provide capital facilities are not only targeting the corporate sector or large companies, but also to SMEs, cooperatives, farmers, and other retail segments. Financing facilities to large corporate credit products provided through investment and working capital loans to support expansion and business activities. Bank Mandiri also provides cash management services to facilitate the company’s financial transactions.

Bank Mandiri also actively working capital loans distributed to retailers. While financing for the small farmer credit facility provided through Food Security and Energy (CTF-E), Credit Development and Revitalization Bio Energy Plantations (KPEN-RP), Pattern Development Environmental Partnership (PKBL), and plasma plantations.

According to Riswinandi, the number of farmers who got financing facility of Bank Mandiri in 2009 were recorded as many as 96,488 farmers, higher than 2008 as many as 93,464 farmers. While cooperatives that have related development financing facility to reach 119 food cooperatives, up from 103 cooperatives in 2008.

One of the efforts of Bank Mandiri to realize the commitments in the food sector is developing in Papua Investment Day held in October 2009, which aims to bring together relevant stakeholders, namely investors and regional governments of Papua and Bank Mandiri are intended to provide extensive information about the investment potential of food and discuss the potential and constraints of investment in Papua, and the formulation of follow-up to its realization.

However, Deputy Governor of Central Bank of China, Zhu Min, said that the revaluation will not improve the world trade imbalance.

In front of the World Economic Forum in Davos, he said China was trying to increase domestic consumption, but warned some time to ask for China’s increasing spending.

Zhu said Beijing has been maintaining the yuan exchange rate stable through the financial and economic crisis through his own stimulus package. “The move was good for China and also the world,” he asserted.

He also indicated that the revaluation will be done. Beijing has committed to the deal G-20 meeting in Pittsburgh, who says many countries will coordinate the exit strategy of a large stimulus package that was adopted to combat the slowdown of the world.

“If the world (partners) are ready to run the exit strategy is, China is ready … including on various issues – concerning liquidity, exchange issues,” he told the forum.

China is under pressure while maintaining yuan to remain weak against the dollar. Critics say China’s policy is to make China’s exports cheaper and triggering a large trade surplus with the West. China’s trade surplus reached 196.1 billion U.S. dollars in 2009.

Zhu said a stronger yuan will not solve the trade imbalance. “The exchange rate is a matter of rebalancing issue. The exchange rate will not be able to change everything,” he said.

Beijing recognizes the need to stop depending on exports. “The crisis has taught us that the pure export model unsustainable and we’re working on it. The situation has improved, but still takes time,” he said.

‘I’m still old-fashioned person. If the glass is still good, I’m not going to throw it to buy a crystal, even if my income increases. I’m still going to use it, “he said.

Leadership of the IMF, Dominique Strauss-Kahn, also gave a note, mengeser very difficult to model this growth of exports to be drawn drawn domestic demand.

“With U.S. consumers buy less in the middle of the crisis and China through the stimulus spending and businesses to China to buy more, the trade imbalance problem becomes looked a little better than before the crisis,” Strauss-Kahn said.

But he warned, much of China’s consumers are able to compensate for declining consumption in the U.S.. In separate sessions, the group chief executive of Standard Chartered Bank, Peter Sands, said there was no quick fixes on the choice of China’s currency.

“I think there are many simple things you said about the renminbi currency. Some seem to believe that if revalued, all the macroeconomic imbalances will disappear instantly. That’s wrong. It’s too simple,” he said.

He showed that the value of Asian economies has increased and this value will be reflected in the value of Asian currencies against western currencies.

“I believe that the frequent passage of time, renminbi and other Asian currencies will be valued and managed in order to be more important things to reconcile some macro-economic imbalances in the world,” he added.

French President, Nicolas Sarkozy, and the financial sector billionaire, George Soros, during the Davos meeting pleaded with China to let its currency strengthen.

In a major speech on the first day of the forum, Sarkozy covertly menyerangan China, saying the trade imbalance has adverse world economic recovery.

“The instability in exchange rates and an assessment of a particular currency lower against the competition fair trade and honest,” said Sarkozy.

Government finally spoke up about how state officials pay raises. According to the Minister of Finance (Finance) Sri Mulyani, until now there has been no plan to raise the salaries of state officials.

Sri Mulyani explained that the program setting the salaries of state officials have been discussed with the Ministry of Administrative Reform (PAN) and the House of Representatives (DPR). However, Finance Minister did not explain when the discussion was conducted.

“Have you ever discussed about the arrangement, but it all until today not been implemented,” Sri Mulyani said after accompanying the President in the event Feed the World, hosted Chamber of Commerce, Friday (29/1/2010).

The reason, because there are still some things that have not been resolved. Unfortunately, Sri Mulyani reluctant to explain in more detail what the reason. However, Ministry of Finance to ensure that no salary increase plan. “There is no raise, just calm down,” said Sri Mulyani.

Sri Mulyani added, together with the Ministry of PAN has surveyed all state officials, among others, the ministers, Chairman of the House of Representatives, Chairman of the DPD, Chairman of the Assembly, governors, regents / mayor, the Chief Justice, and Chief Justice Kosntitusi. According to Sri Mulyani, the survey was conducted to see equality and balance of each officer in carrying out their duties and functions.

“What I do with that time Minister of PAN is made of scenarios to create a harmony,” he said.

Earlier, Chairman of the House Budget Harry Azhar Azis admitted that the Parliament and government have agreed to raise the state officials. Big budget allocated Rp 158 trillion

Central banks around the world primary on Wednesday (27/1/2010) local time said it would stop the U.S. dollar emergency loan made during the financial crisis, reflecting growing confidence in the financial system back to health.

The decision, announced in coordinated statements is an important milestone in the global financial crisis and marked the first integrated revocation of extraordinary support from central banks to financial markets.

The European Central Bank (European Central Bank), Bank of England (UK Central Bank), Bank of Japan (Bank of Japan), Swiss National Bank (Central Bank of Switzerland), and the central banks of Canada, Australia, Brazil, and Sweden said they would let the U.S. dollar swap arrangements with the Federal Reserve ended on February 1.

Demand for dollar swap through the Federal Reserve, gave billions of dollars to finance companies through banks abroad, foreign central banks, has fallen dramatically due to market conditions improved throughout the world. “These channels, which was founded to counter the global financial market pressures, no longer necessary given the improvements seen in the functioning of financial markets last year,” declared the European Central Bank.

“Central banks will continue to work together as needed.”

Statement of central banks to coincide with the Fed’s policy statement following the closing of a two-day meeting in January where it says swap will end as planned on February 1.

Fed’s policy setting panel opens swap lines with the European Central Bank and Swiss National Bank in December 2007. When the financial crisis worsened, the Fed also set the swap lines with central banks from Japan, British, Canadian, Australian, Swedish, Norwegian, Danish, Brazil, Mexico, South Korea, and Singapore to ease U.S. dollar funding shortages.

With confidence in the financial markets in short supply at the peak of the crisis, short-term money markets froze. Many banks and foreign investors who rely on money markets to borrow U.S. dollars to fund the U.S. assets they find themselves short of dollars needed to finance the ownership.

Through the currency swap, the U.S. Fed to offer dollars to banks, foreign central banks in exchange for their currencies. Central banks and foreign banks lend dollars to the domestic market, which allows the company access to dollars at a time when the normal financing channels have been closed.