The portion of ownership of shares of PT Bakrie & Brothers Tbk (BNBR) in some of the kids are always up and down its business. This time the decline occurred BNBR ownership in PT Energi Mega Persada Tbk (ENRG).

Pasca published new shares or rights issue ENRG, BNBR ownership in oil and natural gas was undermined by 16.89 percent.

Herwin W. Hidayat, Investor Relations ENRG, explained, after the rights issue 26.18 billion shares, public investors have a 70.42 percent stake. ”While 28.12 percent of shares owned BNBR, either directly or indirectly,” he said, yesterday. In addition, PT Danatama Makmur and PT Madani Securities, as the standby buyer’s rights issue, also has a 1.46 percent stake in Energi Mega.

In fact, according to a rights offering prospectus which was published late last year, BNBR still controlled 45.01 percent stake ENRG directly and indirectly. BNBR only got 0.02 percent of shares directly. While 18.78 percent of their shares through PT Brantas Indonesia and 26.21 percent of shares through PT Kondur Indonesia. That is, post-rights issue, ownership of ENRG trimmed BNBR 16.89 percent.

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The rupiah  ended the week trading from $ 9.200/US level. Eventually the weakening of the rupiah after the show since the beginning of the week.
In trading on Friday (15/1/2010), the rupee closed at lower levels in 9205 dollars, compared with yesterday’s closing level since 9160 the U.S. dollar.

Acting Governor of BI Nasution Nasution said that the strengthening of the dollar since the beginning of this week through to the Rp 9150 the U.S. dollar caused by the massive flow of capital into the country.

“This is the flow of funds from abroad, therefore, not only for our country. Do not ever think it’s just for our country,” said Nasution Bank Building, Jakarta.

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At the end of 2009 we saw the phenomenon of the strengthening U.S dollar against other major currencies. Is the strengthening U.s. dollar will become a trend in 2010 or only temporary?

U.S. dollar has been depressed long enough for most of the year 2009 due to begin restoration of the economy both in the U.s> or outside the U.S.  Massive stimulus being poured in by the government of the world nations are helping the countries to which its economy slumped out of deteriotion. Investors also began to look for and invest their funds into investments that offer a yield greater than the U.S. dollar.

In financial markets, the value of investment products went up. Index stocks, commodities, and currencies were yieldtinggi, all on the top level. Investor sentiment has grown to be positive for economic recovery. Fundamentals data that have been released in 2009 showed an increase although it is still not stable. Starting from the European Union area that has begun to advance out of the recession. Germany and France, two countries with the largest economy in the European Union, has come out of the recession at the end of the 2nd quarter, followed by Japan also came out of the recession at the end of the 2nd quarter. The entire European Union have made it out of the recession in the 3rd quarter as well as with U.S. GDP growth in the quarter 3 is remarkable.

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