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INDONESIA PROPERTIES & ECONOMIC
Supermaster
Indonesia, 17/10
Few surveys here in Jakarta told that the sales value of the properties has been drop to more than 30% since the global economic crisis this year. Many Indonesia citizen is questioning the government don’t lowering the gasoline fuel price as the government promising. One of local media had interviewed the authorities for this matter. The government said that lowering the fuel must have a significant impact to economic. Since the inflation rate before end of this year has reached almost 11 %. The rate is above limit suggestion. So government said that they asked citizen to be calm and patient. Government guaranteed that if lowering the fuel price is the best way to save economic, they will do it. Once again they asked the citizen to be calm and patient.
Following other countries, authority was also guarantee the bank safe deposit schemes just about a day ago. But didn’t to mention on guaranteed on other investment. They guarantee bank deposit up to Rp.2 billion of liquidation. Yesterday (16/10), investors threatened to sue PT. Cayman Trade Futures because didn’t pay their money and use blank check. Authority has been asked to catch and stop the operational of the firm. According to investigation of BAPEPTI, the firm has been misused investor money for firm operational. This caused the firm failed to payout during the maturity date. The firm is totally deceived the investors money up to Rp. 6, 4 billion. Investor said that the payout was stuck starting at June of this year. It happened after management displacement.
ECONOMIC CONTINUE
Bakrie group and along with other firm which has it stock enlisted on the BEI will buy back its stock to maintain the IHSG stabilize. However, the IHSG and other Asia stock markets rate are still dropping. The government is still sounding for investigation to parties which make a short selling about a week ago after Ramadan. There is might widely known by the public that the government boost up the banking interest rate is to stop the citizen to buy more foreign currency which causing Rupiahs exchange rate to drop.
Due to low demand in the both foreign and domestic market are tending to cause the firm to layoff many workers. This is because the firm didn’t run in full capacity. If the company is fail to sustain and they all are going to bankrupt which causing more people to jobless. Article related
TOYS FACTORY SHUT DOWN
China,17/10
China toys factory in Guandong, South of China closed after the low demanding from the Mattel and Disney from US. At least 7,000 workers had been laid off without salary. The protest woke up demanding for the salaries to continue their life.
One of the the biggest toys factory in China, Smart Union failed to pay workers salary this past few weeks. The amount of employee who work there are about 6,500. According to expert said that the demanding for China product decrease are few factors such as:
1. Yuan/renmimbi currency exchange rate is expensive
2. Increasing in raw material cost due to global financial crisis
3. Workers salary is expensive
Tags: Economic , Properties , Public , Citizen , Ihsg , Safety Deposit
