The biggest contributor to the increase in central bank assets in the form of securities. By the end of 2009 then, the value of securities ownership BI reached Rp 538.37 trillion, up from the previous year which amounted to Rp 499.63 trillion. Meanwhile, the BI recorded gold reserves rose to Rp 24.35 trillion. Increased slightly from the previous year which amounted to Rp 22.23 trillion.

The asset side is also increased ownership of government securities (GS) where the value of RI at the end of 2009 already reached Rp 25.35 trillion. Postage special appeal rights has also increased drastically. In 2008, a special appeal rights BI only Rp 366.06 billion. However, the end of 2009 its value had skyrocketed up to Rp 25.87 trillion.

As for the other posts in terms of assets, such as demand deposits, time deposits, foreign currency, bills, investments, and securities purchased under resale value is decreased when compared to 2008 last year.

With these compositions, the total assets of the central bank until the end of 2009 and reached USD 915.875 billion. Increase from the previous year’s position that the value of Rp 864.191 trillion.

For the liabilities side aka obligations, carrying the central bank liabilities in the form of Bank Indonesia Certificates (SBI) reached USD 254.192 billion. Sped up from the position in 2008 to only Rp 175.342 trillion.

Liabilities also rose is a form of SBI Facility (Facility). Last year, FASBI only worth Rp 75.67 trillion. In 2009, its value soared to Rp 82.37 trillion. Total liabilities incurred by the Bank until the end of 2009 and reached Rp 822.36 trillion

JAKARTA, KOMPAS.com – If in the first quarter of last year, the banking industry is still grappling with the impact of global crisis, this year they could improve their performance again. In fact, in industry, banking is in line with the target increase of 17 percent-20 percent.

Based on data from Bank Indonesia, the current income for banks as of March 2010 was Rp 19.44 trillion. This value, up 20.8 percent over the same period last year which was in Rp 16.09 trillion.

Producing profits at most state banks aka red plates bank. Although only consisting of four banks, all state banks are collecting a profit of Rp 7.2 trillion aka 37 percent of the total income of all commercial banks.

If compared to March 2009 period, an increase was above the industry average, which is 26.7 percent. In the first quarter of last year, this state-owned banks to collect a profit of Rp 5.68 trillion.

Foreign private banks to collect a profit of Rp 6.64 trillion. When compared to the same period last year, foreign exchange bank profits rose 9.24 percent from Rp 6.08 trillion.

Conversely, even a mixture of bank profits decline. In the first quarter of last year, the bank recorded a profit of Rp 993 mixture billion. Now, in the same period this year, their profits go down, to Rp 785 billion.

The same fate experienced by foreign banks. Until March 2010, they collect income reached Rp 1.89 trillion. Whereas, in March last year, foreign banks managed to collect a profit of Rp 2.76 trillion

European sentiment reduce investor interest against the “black gold”. Even oil prices plunged more than 10 U.S. dollars up to the level of 76 dollars per barrel on May 11, 2010. Sharp correction was triggered by a negative outlook on the debt crisis of Greece.

However, the fundamental basis of the rally also pushed oil to a level of 87 dollars last week. Graph of rising oil prices in the middle of the news leaking tanker in the Gulf of Mexico and the uncertainty of regulation on import of crude oil sector.

Although buffeted by various constraints, the performance fantastic spelled oil. So far, crude oil prices remained above 33 dollars per barrel since early 2009. Oil futures prices rose seven per cent over 2009 thanks to a gradual global economic recovery. Increased demand from countries non-OECD countries, especially China, helped sustain prices.

Greatest threat to sustainability is the volume of world oil supplies. Markets hit by fears that world oil production has entered a saturation point. The discovery of new oil sources is estimated to have been on hold in May 2005. These projections indicate that the slow production can not meet global demand. Until now, the supply of non-OPEC oil and OPEC is still increasing gradually. From the demand side, although the chance is reduced in 2009, oil demand will keep rising over the global economy is not disrupted.

The rapid economic growth in Asian oil exporters shift focus from the western to the eastern hemisphere. OPEC predicted world oil demand would rise to 0.8 million barrels per day in 2010. While the demand for eastern states or non-OECD predicted by one million barrels per day, or two-fold when compared with the year 2009.

When considered carefully, the movement of oil deposits have a very strong correlation with stock market performance. When the world’s stock tumbled, dragged down oil tends to follow. Latest calculations show that the correlation with the MSCI World oil prices have reached 82 percent. The MSCI World is a stock market index consisting of 1,500 shares of the world and was used as the measuring standard.

Because of linkage, the commodity sector was adversely affected part of the event the United States stock indexes fall early May. Dow Jones crashes almost 1000 points after the outbreak of the crisis spread anxiety Greece to the European zone.

The development of the issue mentioned that the accumulated debt has reached Europe 2 trillion dollars. Commodities directly affected by the lack of liquidity to reverse the direction of the market. Fuel oil and gasoline fell more than two digits as the global stock downturn. Increasing pressure with the emergence of fear of economic overheating in China.

Oil price projections

Recent global economic improvements could lift oil prices higher. This opportunity is open due to the investment needs can still be offset by risk transfer. Recession worries against the transmission of European trigger capital flows moving into assets with safe outside the oil category. Attraction this kind of liquidity that caused oil prices are no longer influenced by traditional fundamental factors, such as changes in weather and business cycle.

Low interest rate policy from the Federal Reserve (Fed) still supporting the oil commodity uptrend. While the emergence of indications of economic recovery better than expected could trigger higher demand for oil from emerging markets and developed countries.

If this scenario proved, there would be oil price hikes risk of sudden. This phenomenon is already visible when oil is above 85 dollars per barrel some time ago. Fluctuations triggered by a series of global economic data, such as economic growth and China’s manufacturing activity. Followed by the U.S. unemployment rate is low and the observed solidnya Japanese business sentiment. These indicators would add to investor optimism rapid industrial activity to spur demand for oil.

Commodity markets should also be wary of a catalyst, other catalysts that could ease oil prices, such as global warming issues that drive the transition of technology to fuel-efficient engines and alternative energy development. Weakening of the euro single currency and a correction in oil stocks could be burdensome. Investors are also still waiting for clarity on China’s monetary tightening, including changes in regulations.

Based on technical analysis, the oil still in the phase correction in the short term before rising further. Average oil movement 200 days (200 day moving average) were at the level of 76 dollars per barrel. Attenuation below the level of 73.90 U.S. dollars should trigger further correction to the trading range.

OPEC oil supply and rising non-OPEC meets gradually the level of demand so that the trading activity in the oil market is still stable in the range bound. We estimate the price at the level of 66-95 dollars per barrel. This range is more sparse than the year 2009.

While we forecast an average oil movement approaching 80 dollars per barrel in 2010. This projection is higher than the average price in 2009 at 62 dollars per barrel, but still below the average in 2008 (slightly below 100 dollars per barrel).

By considering the fundamental and technical analysis, movement of oil will still be limited in range-bound. However, corrections due to fears of oil crisis of the European Union can be used as a venue for Buy on Weakness to anticipate the possibility of technical rebound

WASHINGTON – China accused the U.S. and ask for manipulating the yuan currency merevaluasi soon. However, the country’s persistent Bamboo Curtain rejected. This was revealed by President Barack Obama in a state speech on Thursday.

Appeal is due to pressure the U.S. dollar on the yuan began unstoppable, as the upheaval in relations between Washington with Beijing.

As quoted by the AFP, Friday (12/3/2010), Mr Obama said it was working on a strategic point of hard political pressure that occurs on its currency. In a major speech Thursday, Obama also said, in the world trading currency sinergisasi required on both sides, as the balance between exports and imports growth after the financial crisis.

“The countries with external deficits have a store and must export more. The countries with external surpluses need to increase domestic consumption and demand,” Obama said in his speech, the Export-Import Bank in Washington.

“And as I said before, China moved to a more market-oriented exchange rate will make an important contribution that the global rebalancing efforts,” he added.

Obama’s comments illustrate, if there is a dispute between Beijing and Washington about the currency of each country. Speculation occurs when the U.S. Treasury Department will soon Validating China as a currency “manipulator” in the annual report.

The comment was out after U.S. President Barack Obama, in a statement in front of Democratic senators, asking China to stop manipulating the currency. The reason this action will encourage China prices swell U.S. products, while China experienced deflation products. “Moreover, it is done in engineering,” Obama said.

Some economists agree with Obama’s statement, there is even a judge, yuan currently under actual value (undervalued) to 25-40 percent, compared to dollars or other currencies.

TOKYO – Finance Minister Hirohisa Fujii said that the strengthening yen is sharply considered dangerous for Japanese exports, where this sector is driving the Japanese economy.

As reported by the AFP, Saturday (28/11/2009), he added that the Japanese yen currency trading approximately 85 yen, and this is the lowest level since the mid-1990s.

In addition, the strengthening yen is not made to immediately intervene Fujii currency markets, as he did last time in March 2004.

He also added if the strengthening yen is rising rapidly only one side and dangerous to the economy. The Japanese government was closely watching the current currency fluctuations.

“We will take appropriate action to deal with the strengthening yen is moving this mess,” he said.

On the other hand, the dollar sank below 85 yen in early trading in Asia, which then bounces back and moves to a position slightly 85.88 yen in Tokyo.

Fujii said Japan will discuss with the financial authorities of the United States and Europe if required. For information, the Japanese economy crawls out of a deep recession because of his rebounds despite strengthening export a stronger yen threatens the competitiveness of Japanese exporters

TOKYO – Value of the dollar weakening against the Japanese yen currency, which dropped below 87 Japanese yen in trading on Thursday local time. This is weakening the lowest since July 1995.

As reported by the AFP on Thursday (26/11/2009), the dollar fell to its lowest level against the yen for 86.51 after closing in New York trading the previous day was recorded at 87.38 Japanese yen.

This impairment is suspected because of positive economic data United States (U.S.) which raises the risk to invest. And the hope that the U.S. Federal Reserve will keep interest rates super low for a long period of time

rupiah weakened again against the dollar in trading in the spot market this morning, down 0.50% or Rp47 to Rp9.400 level, increasingly approaching Rp9.500.

In the last week, the rupiah closed at Rp9.353 level of U.S. $ 1. Mega Capital Indonesia recorded during the last week the rupiah weakened against the dollar at 9345 levels.

Based on Bloomberg monitoring until 9:07 pm, the rupiah in the spot market opened at 9360 levels and then move to the 9358-9403 range.

Central Bureau of Statistics will announce the January inflation data and the data export and import trade in office, this afternoon. Bloomberg estimated the median inflation rate last month’s estimate of 0.63%, higher than the December 2009 inflation rate of 0.33%.

On an annual basis, inflation in January projected for 3.51%, the highest rise since June after the December 2009 was recorded at 2.78%. Predicted core inflation of 4.42% from 4.28% previously. Economists and analysts predict exports also rose 23.9% in December compared with the previous year.

At the same time, yields on government securities that will mature in 2020 were recorded ebesar s 9.776%. These bonds have a coupon 11%.

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.

A recent survey Boston Consulting Group (BCG) states, the financial crisis has been shrinking funds under management at the asset management division fell 11.7 percent to just USD92, 4 trillion. The number is almost equal to the level of achievement of wealth in 2007. The factors that the subject of BCG assessment is to supervise the asset management industrial area North America, particularly the United States (U.S.) into areas worst affected by the crisis which originated in the Superpower.

In the U.S. decline in the wealth of the millionaires to reach 21.8 per cent to only $ 29, 3 trillion, mainly due to upset the investment sector and capital markets since mid-2008. Other regions are also the worst affected by the global crisis is the world’s wealth centers of Switzerland and the Caribbean. In the second area of asset millionaires in 2008 fell to $ 6, 7 trillion from the original $ 7, 3 trillion in 2007, weakened about eight percent.

? The decline of economic activity has destroyed the trust in a long time,? Managing Director of BCG said Bruce Holley in his office in New York, told Reuters.

The survey also estimates the wealth wealth management company (wealth management) will not return to the 2007 level to reach USD108, 5 trillion. According to BCG forecasts, at least the new conditions will recover in 2013 or six years after the crisis. European region including the region’s least decrease the amount of wealth.

Until 2008, BCG noted there are about $ 32, 7 billion, whereas in the North America region fell 5.8 percent. According to BCG, the economic decline in some countries also have caused the number of world billionaires shrink 17.8 percent to just nine million people. The number of millionaires Europe and North America which fell at most 22 percent.

“If there is no concrete decision, I’ll go,” said Sarkozy told Reuters from the newspaper Le Figaro on Monday (14.9.2009).

Not presented in the context of what it is asked Sarkozy’s statement. But a staff Sarkozy, Claude Gueant, told RTL radio said that the president really wants to deal salaries and bonuses the bankers and executives of financial institutions can be achieved.

“It must be taken seriously,” said Gueant.

Sarkozy along with other European leaders have urged restrictions on bonuses for the bankers. The husband of former supermodel Carla Bruni also wanted to adopt the G20 issue.

Meanwhile, Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said the bonuses would be a key issue in high-level conference held on 24-25 September, although the excess payment limitation is not the only way to stabilize the financial system.

“This is a point that was because public opinion was shocked by bonus issues,” said Strauss-Kahn told France Info radio.

“We must begin by capturing this point because there is pressure from public opinion. But this is not the only solution. There are some technical elements which are also other issues,” he said.