- The government has budgeted Rp 20 trillion per year for small scale industries which are given without collateral, to improving the economy of society.

This was conveyed by Coordinating Minister Hatta Radjasa. at the opening proclamation of “Great Mother Movement” in Musi Banyuasin (Muba), South Sumatra (Sumatera), in Sekayu, Saturday (05/15/2010). He hopes that local communities, especially mothers, to be able to utilize those funds facility.

According to him, the majority of small industries is driving the mom, so they need to continuously improve the family economy by using the facilities provided by government. “The government is very supportive with what was announced by the Government of Musi Banyuasin, which stimulate the economy of the community from a mother,” she said as well.

Hatta expect, with the first movement in Indonesia, it can be inspiring to other regions in economic development for the community.

He considered, the facilities provided by the government through business loans, PNPM Mandiri and other forms of assistance, if managed properly is a large and effective movement for social welfare.

Therefore, he appealed to local governments continue to socialize the program and provide guidance and training as needed for the community of small industry players on their respective regions.

He is convinced that, if the empowerment of the mothers do well, populist economic growth can thrive. “Management is done by the mothers was based on sincerity, thorough and honest. All of the requirements to go forward a lot owned by the mother,” said Hatta, too.

Lucianty Pahri, Chairman of Team PKK Muba District, said, with a formed “Great Mother Movement” is expected to continue to motivate other moms to take action forward. “Here we are trying to create economic growth in a household that does not depend on husbands or male,” he said.

In its effort to restore the financial condition which also has hit financial markets around the world, the Greek Government intends to increase some taxes. It is also a prerequisite for the proposed International Monetary Fund and the European Union before pouring the bailout.

When the increase of the tax component is applied, it is expected deficit of Greece’s gross domestic product will be 8.1 percent in 2010, down from 13.6 percent in 2009 positioning.

One target of the Greek tax increase, as quoted from CNNmoney, Monday (05/17/2010), is a special tax to fuel vehicles and cigarettes.

Expected from vehicle fuel tax and tobacco this year acquired for 200 million euros. Special tax will be charged on alcoholic beverages that is projected to earn 50 million euros this year.

“Tax is targeted for the rich. But it does not mean lower class of society will be affected or escaped from other taxes,” said Mitchell Orenstein, a professor from Johns Hopkins University, who wrestle problems in Europe.

Greece will also improve the Value Added Tax, ie from 10 percent to 11 percent and from 21 percent to 23 percent, with projections for the state budget added 800 million euros in 2010.

Meanwhile, the salaries of civil servants Greek city will also be cut with a projected savings of 1.1 trillion euro budget. Retirees also cut wages, except for the retirees with lower-level employees. Retirement age was increased to 65 years, up from the previous figure at the age of 61 years.

looking at the high interest of foreign women will be Indonesian beauty products, starting this year, Martina Berto will they manage to open their own outlets overseas. Since the 1990s, Martina Berto’s been throwing the production into foreign countries.

These products are exported through the network of agents who buy broken. Then, years ago, Martina Berto in 2007 began opening franchises abroad spas. From the footsteps of Martina Berto known outside the country so that foreign women who prefer natural ingredients and pure beauty. Beauty potions like hunted abroad, such as scrubs, masks, potions coming months, as well as the style of Indonesian women’s cosmetics.

Responding to the growing demand membeludak, in June later Martina Berto spirit of opening their own stores abroad. First, Martina Berto will be titled Martha Tilaar operate stores Shop at Marina Bay, Singapore.

Founder and Owner Martina Berto, Martha Tilaar, say, these ethnic shops will be selling cosmetic brands in Martina Berto, spa equipment, beauty solutions, as well as skin care.

“Decorative Cosmetics will we sell there is the smell of organic and mineral,” said Martha to Cash. Until the end of the year, Martina Berto will operate three Tilaar Shop Martha abroad.

The boss of the Group that is now the main commissioners of Carrefour Indonesia Chairul Tanjung admits that they are interested to enlarge the portion of its stake in Carrefour.

“Even if I was offered a 100 percent ready, even if it means no more Carrefour in Indonesia, not a problem,” he said.

Even so Chairul reject the assumption itself has begun to make an offer. According to him, he just took a position if offered.

Just so you know, Trans Corp (Para Group), through a subsidiary of PT Trans Retail business has acquired 40 percent stake in PT Carrefour Indonesia with a value of more than 300 million U.S. dollars.

Chairul explained supermarket acquisition funds received from the French consortium of four banks lending. Namely Credit Suisse, Citibank, GP Morgan and ING.

By acquiring 40 percent stake, he made sure the Trans Retail as the largest shareholder of Carrefour Indonesia. While 60 percent of Carrefour SA gripped the rest (39 percent), Carrefour Nederland BV (9,5 percent), and onesia BV (11.5 percent).

WASHINGTON – Tim Panel Trustees in the Congress of the United States (U.S.) yesterday warned the amount of losses in commercial real estate sector could endanger the banking system.

According to the Panel, the amount of commercial real estate loans which reached USD1, 4 trillion would require re-financing funds (refinancing) in the next four years to coincide with the due date. In his report, the Panel stated that half of the value of property loans has decreased. “We estimate the loss as bad loans could reach USD200-300 billion and threaten the banking 3000 small and medium scale that does not have a sufficient proportion to commercial assets,” said Panel.

The report is a signal for the White House, and Congress that the credit market of commercial real estate is expected far worse before it rebounded. “We were seeing the point where TARP (troubled asset relief program) decreases and the major challenges in the economy,” said the U.S. Congress Panel Chairman Elizabeth Warren. He added that from this point the U.S. needed a new system before the real estate credit problems happen again. In his research, the Panel found the 2988 investment bank more than three times the assets owned in the field of commercial real estate loans. Of these, 2,500 of whom memeliki bank assets less than $ 1 billion.

“Many such small banks have gagal.Kegagalan small banks will be felt for several years,” said Warren. He added, commercial property business that failed to result in economic contraction have a major impact because bankbank is also a role in creating jobs and increasing economic activity. After submitting the report, the Panel offers some possible solutions for policy makers to prevent the real estate sector fell into the abyss of crisis. The panel recommends the U.S. Treasury Department to test the resilience of the banking sector is concentrated in commercial real estate loans.

The panel also stated that the federal government should consider other solutions, including injecting capital into banks is small. Another step is to buy troubled assets or loan guarantee. However, at the Congress session last fall, Finance Minister Timothy Geithner said the move was not realistic for large-scale bank review until a more detailed level. Meanwhile, real estate research firm Foresight Analytics states that berasarkan research, the potential losses in U.S. banks could reach $ 50 billion or about 60 percent of problem loans.

This figure is based on the lower apartment prices, office and industrial properties throughout the United States last year. “Losses housing sector is already happening,” said JPMorgan Chase Chief Executive Jamie Dimon. The threat of bad debts, the housing sector also came after the U.S. unemployment rate was not much moved by the level of consumer spending 10 persen.Akibatnya out and weakened so that the spur credit suspend debtor. “Members of businessmen only took office and barangbarang consumers are not buying at retail stores,” said Executive Director Burnham-Moores Center for Real Estate University of San Diego Mark Riedy.

He considers, that fact will affect thousands of communities and national and regional banks holding approximately USD860 billion of commercial mortgage loans and construction loans.