Posts Tagged financial

PT Bank CIMB Niaga Tbk as the mandated lead arranger along with participating banks syndication, namely PT Bank Mega Tbk and PT Bank Resona Perdania, provide credit facility to PT NAP Info Lintas Nusa (NAP Info) worth 92.7 million U.S. dollars. This credit facility is used to take over financing the construction of fiber-optic cable along the 1055 km from Jakarta to Singapore, called the Matrix Cable System.

The statement was made Vice President Director of Bank CIMB Niaga Cathterine Hadiman, Tuesday (15/12/2009) in Jakarta. NAP Info is the owner of the company’s fiber-optic cable under the sea with a capacity of 2.56 terabytes and has started its commercial activities for the sale of Matrix Cable System since August 2008.

(more…)

The International Monetary Fund (IMF) Wednesday (17/2/2010) local time, said, ready to sell 191.3 tons of gold in the market to reduce its dependence on income from lending.

With the market price on Wednesday of about 1120 U.S. dollars per ounce, gold is sold it will be worth nearly 6.9 billion U.S. dollars, as quoted by AFP.

The IMF “will soon start the program on the market gold sales” of a total of 403.3 tons, which was approved for sale in September, said the agency headquartered in Washington, it said in a statement.

(more…)

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.

(more…)