The Car Insurance Info: The Government holds economic forum Indonesia-Morocco

London (The Car Insurance Info) - Posisi Maroko yang berada di utara Afrika merupakan entry point bagi negara di luar Afrika untuk masuk ke negara lainnya di Afrika seperti Aljazair, Libya, Niger, Mali dan Mauritania.

Hal itu terungkap dalam Forum Ekonomi Indonesia-Maroko yang diadakan Pemerintah KBRI Rabat bekerjasama dengan Kementerian Luar Negeri dan Maroko di Hotel La Tour Hasan, Rabat, baru baru ini.

Menurut Koordinator Media Informasi PPI Maroko, Kusnadi El-Ghezwa kepada ANTARA London, Minggu, forum yang diadakan sebagai upaya pemerintah dalam memperkuat kerjasama hubungan ekonomi dan perdaganagan antar kedua Negara.

Forum digelar berkaitan dengan pekan pameran dan kerajinan Indonesia yang berlangsung selama seminggu dari tanggal 29 April hingga 5 Mei di Mega Mall Rabat, dihadiri sekitar 50 pengusaha di Maroko.

Para pembicara dalam forum bisnis di ibukota Maroko ini Dubes RI Tosari Widjaja, Wagub Jatim Saifullah Yusuf, Konsul Kehormatan Maroko di Surabaya M Jamal Ghozy.

Sementara dari Maroko, Sekjen Kementrian Industri dan Teknologi Maroko El Aid Mahsoussi, Vice President CGEM Abdelkader Benbenkhaled, Sekjen Penguatan Ekspor Maroko ke Indonesia M Larbo Bourobo.

Dubes RI untuk Kerajaan Maroko H. Tosari Widjaja mengatakan posisi Maroko yang berada pada pertemuan dua Samudera yaitu Atlantik dan Mediterania.Maroko cukup strategis bagi lalu lintas barang melalui laut.

"Akses Maroko yang cukup dekat ke Spanyol dapat dijadikan pintu masuk ke daratan Eropa," ujarnya.

Dalam pertemuan ini telah dibahas beberapa hal penting mengenai peluang dan tantangan bagi para pengusaha Indonesia dalam memfasilitasi pangsa pasar beraneka ragam produk dan kerajinan khas Indonesia ke Afrika, Timur Tengah, Eropa dan Amerika Utara.

Menurut H. Husnul Amal, MA., Sekpri Dubes RI untuk Kerajaan Maroko, hubungan budaya, ekonomi dan politik yang kuat antara Indonesia dan Maroko menjadikan Maroko sebagai gerbang ekonomi dan perdagangan ke seluruh negara-negara Afrika lainnya namun ada beberapa kendala yang harus diatasi oleh kedua negara tersebut.

Diantaranya belum adanya transportasi yang terhubung langsung antara Indonesia dan Maroko menyebabkan biaya tinggi dan masih minimnya nilai Impor dan ekspor antara dua Negara tersebut, ujar H. Husnul, MA.

Pada akhir forum itu hampir semua pembicara sepakat untuk terus meningkatkan hubungan ekonomi antar kedua Negara dengan harapan Maroko bisa menjadi gerbang ekonomi dan perdagangan ke seluruh negara Afrika lainnya dan Eropa.
(ZG)

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The Car Insurance Info : Hatta make sure economic growth target was revised

Jakarta (The Car Insurance Info)-the Coordinating Minister for the economy, also acting Finance Minister, Hatta Rajasa, making sure that the Government will revise its economic growth target 2013 from listed in the STATE BUDGET amounted to 6.8 per cent, given the condition of the global economy has not improved.

"Economic growth is still 6.8 percent must be revised, we have to be realistic that the world economy is still like this," he said.

According to Hatta, assuming growth in 2013 is expected to be in the range of only 6.3 percent-4 percent and the current tally is still being in the study, prior to the submission of the BUDGET changes.

"If we see that much for us, range, we still dalami," said Hatta.

Hatta also said oil lifting target in 2013 STATE BUDGET that reaches 900,000 barrels a day will be revised because oil production this year is expected to further drop.

"Lifting it may not reach the figure we are targeting 900,000 barrels a day, probably around 800,000-barrels," he said.

In addition the price of crude oil is also expected to Indonesia or ICP changes, although the current average world oil prices still appropriate BUDGET assumption of 100 u.s. dollars per barrel.

"The price of ' crude ' may we see something, and all of it will effect on acceptance. We will do that later discussion, "said Hatta.

The Government immediately filed a REVISED-Changes to do a discussion with PARLIAMENT, because the current number of assumptions macro already does not indicate conformance with current conditions and affect budget posture.

In addition, these changes-REVISED filings also discusses the addition of social assistance expenditures as compensation which has not been budgeted in the STATE BUDGET, in anticipation of the subsidized FUEL price hike plans.

Current macro assumptions in the BUDGET 2013, among others, economic growth of 6.8 percent, inflation rate of 4.9 percent (yoy), an interest rate of NES 3 months 5 percent, the exchange rate of Rupiah per u.s. dollars 9.300, ICP price 100 u.s. dollars a barrel, lifting 900,000 barrels per day of oil and oil equivalent gas-lifting 1.360.000

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Rupiah stable as economic fundamentals are positive

Jakarta (The Car Insurance Info)-the exchange rate of the rupiah against the u.s. dollar is likely to move on this week plateaued over Indonesia's economic fundamentals are still relatively positive.

The exchange rate of rupiah interbank traded in Jakarta on Thursday afternoon move weakened the value of six points to Rp 9.726 than previously (1/5) in position $ 9.720 per u.s. dollar.

"The exchange rate of the rupiah against the u.s. dollar remained stable, the perception that Indonesia's economic fundamentals are still good resist weakening further," said Economist Samuel securities, Lana Soelistianingsih here on Thursday.

He added foreign funds still continued to enter the regional Asia including to Indonesia will push economic growths. New foreign funds that entered were marked by rising asset prices in Asia including property and shares.

"Although Asian economies is still regarded as the motor of the world economy, but the IMF also warned the possibility of ' overheating ' economy. It is usually characterized by high economic growth coupled with high inflation, "he said.

He suggested the IMF retained the Asian economies grew by 7.1% to support the economic growth of China, India, and Indonesia.

"We expect the rupiah exchange rate to move in a narrow range between Rp-Rp 9.710 9.740 per u.s. dollar," he said.

Meanwhile, Bank Indonesia Middle exchange rate on Thursday, the rupiah recorded move strengthened to Rp 9.728 than previous positions worth $ 9.730 per u.s. dollar.
(KR-ZMF/B008)

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Wall Street falls after weak economic data

New York (The Car Insurance Info)-stocks on Wall Street fell on Wednesday (Thursday morning GMT), after data on employment and manufacturing is weakening as well as the Federal Reserve maintain the economic stimulus program aggressively.

Index Dow Jones Industrial Average lost 138,85 points (0.94 percent) to close at 14.700 .95.

Broad-based index S&P 500 down 14,87 points (0.93 percent) to be a visitor to .70, while the Nasdaq composite index of technology slump 29,66 points (0,89 cent) to 3299, 13.

Losses on Wednesday comes after the ADP jobs report showed job growth in April fell to the lowest level in seven months. The market also was disappointed by the report of the Institute for Supply Management (ISM) 's manufacturing activity showed a sharp slowing in April.

While the Federal Reserve maintain the bond purchase program of 85 billion u.s. dollars per month, while raising the possibility it could do more if needed.

Even so, the Fed announcement suggests there is a high bar to increase the purchase of bonds, said IHS Global Insight economist Paul Edelstein.

"The market is not too impressed with what the Fed is saying," said Edelstein as quoted AFP.

Dow Member Merck on Wednesday became the second largest pharmaceutical company lowered projected its profits in 2013 after Pfizer which trim Windows will arise on Tuesday.

Shares of Merck fell 2.7 percent after it cut its full year sales perkiraaan 2013 amounting to 3-4 percent.

Other Dow components that look fell, including Cisco was down 2.6 percent and Verizon was down 2.8 percent.

MasterCard lost 2.4 percent while analysts projected profit of great efforts.

Medical device and pharmaceutical company Allergan shrank 13.1 percent after acknowledging requires additional testing on the two drugs. Morgan Stanley lowered its stock rating because of the news.

Health care company Humana jumped 4.7 percent after announcing earnings that were better than expected and rebuild and increase the share of its stock repurchase program to as much as one billion US dollars.

The price of bonds rises. The yield on the 10-year government bonds dropped to 1.64 percent from 1.67 percent late Tuesday, while the yield on the 30-year bond declined to 2.84 percent from 2.88 percent.

Translator: Apep Suhendar

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CAR INSURANCE Economic Indicators Support The Aussie

Monexnews-Australia Dollar managed to obtain a weekly rise in a row after the 3rd major economic indicators showed an increase in January. The Data bodes the stability of Australia's economy, forcing investors to trim expectations of interest rate reductions by the RBA. The Conference Board's report on Friday showed Australia's economic indicators up 0.2% to 121,9 after experiencing decreased 0.2% in December. CAR INSURANCE
"Expectations of a decline in interest rates in the near future RBA has trimmed down again," said Takuya Kawabata, an analyst at Gaitame.com Research Institute Ltd. in Tokyo. "A positive domestic Data continues to provide support for the Aussie, even with the crisis in Europe that has lasted a long time. The market also seems to be not too worried about the risk of the spread of the crisis in Cyprus to other countries such as Italy and Spain. " (vid)


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Economic Data Immobilizes & Cyprus Euro

Monexnews-the Euro weakened around the bursa turned over increasing evidence of the economic slowdown and worries about the banking collapse of Cyprus. The results of the business survey released Thursday indicates a contraction in the eurozone economy is increasingly deep in March, with most investors worry about slowing growth in Germany. While the European Central Bank gave Cyprus a deadline until Monday to increase funding of € 5.8 billion as a condition the disbursement of bailout.

"Uncertainty will be the fate of Cyprus and Euro zone economic data that disappoint have become key issues, 2 factors that be a reason not to buy the Euro at the moment," said Greg Moore, a currency analyst at TD Securities in Toronto. (vid)

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The Euro Weakened, Influenced By Economic Data And Cyprus

Monexnews-the Euro traded almost close to the lowest level in four months against the dollar after a report showed that the service sector and manufacturing is contracting in Europe in March, the condition is increasingly adding signs that the economy is struggling to get out of the recession.

17-country currency weakened against most major currencies after a separate report that showed that the manufacturing sector Germany is shrinking. But the euro had strengthened after Demetris Syllouris, who was the leader of the European Party Cyprus's said that he was confident his country would reach an agreement on financial aid. The Yen strengthened again despite the central bank Governor, Haruhiko Kuroda pledged to implement an aggressive monetary easing.

"The weak economic Data has hit the euro, sentimennya is very fragile," said Antje Praefcke, a currency analyst at Commerzbank AG in Frankfurt. " Germany is one of the locomotive of growth in Europe, but after the release of data which is less good than Germany, people might be a little more careful this time. The Euro is likely still under pressure. "

(fsyl)

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U.s. Economic Data The Oil Cheer

Monexnews-oil futures traded higher on Thursday, with investors who consider the outlook for the market as the US economic data is positive and the diperkiraan low global oil demand growth.

Worries on China and the growth of the global economy in general have put pressure on oil, said Tom Essaye, editor at 7: 00 Report, which provides daily commentary about market equities and commodities and economies.

"But with us economic data should be the plus offers support on oil prices," he said. " While this is a momentum on the trade, and I think economic growth will be the catalyst for oil to be higher again.

For the moment the oil moving in the range of the highest priced at 92.80 93.01 and lowest price din 92.00.

(fsyl)

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Euro Hit By Economic Data

Monexnews-Euro mired the lowest level versus the U.s. Dollar by 2013 with evidence that the u.s. economy was able to grow better than the eurozone's economic distress. Traders argue if a combination of eurozone economic data, slowing inflation and political instability in Italy will push borrowing costs for Europe's troubled countries.

The focus of investors is also fixed on trimming the US spending of $ 85 billion, which will automatically apply on Friday.

"When you look to Europe, you will see the high unemployment figures, the growth of which almost didn't happen, and rising debt levels," said Howard Jones, a financial adviser at RMG Wealth Management. "While the US data comparison, far better than Europe. And for us that's a sufficient reason to buy dollars. The Euro will likely weaken to the mid $ 1.20 1.20 in 2 months ahead. " (vid)

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Gloomy Economic Data, European Exchanges Grim

Monexnews-most traded European stocks weakened on Friday after data on manufacturing and unemployment eurozone sparked recession severely screwing things about the area. China's economic Data are weak and trimming spending in the u.s. were also automatically reflects the sentiments of the European market.

DAX and CAC40 of France terlemapr Germany into the red zone, with each losing 1% and 1.3%. United Kingdom FTSE trailed with weakened about 0.5% so far.

The Euro zone manufacturing Data has just been released showing the continued contraction in the 17-nation bloc. PMI figures for the month of February on the level of 47,9 flat, slightly higher than an estimate of 47.8. While eurozone unemployment figures showed a rise to 11.9% in January from 11.8% in the previous month. Eurozone inflation also slowed to 1.8% from 2% in January.

The focus of investors on Friday also turned to Washington, where debate about trimming spending of $ 85 billion auto still continues. So far no compromise is expected to be created between U.s. President Barack Obama and Republican lawmakers. (vid)

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U.s. Economic Data Wall Street Hijaukan

Monexnews-the U.S. stock market ended in positive territory on the first day of trading in March, with the Dow still under 100 points from the closing price of the highest level of all time, with better results than expected ISM Manufacturing report that offset concerns over China and Europe and because investors are still confused by the issue of government budget cuts.

Dow Jones Industrial Average rose 35.17 points, or 0.25 percent to close at 14089.66, the highest closing in the last five years and catatkan reinforcement for 9 consecutive weeks on Friday. Wal-mart and Disney lead rise in index. The index of blue chips is currently 100 points below the highest price of all time on 9 October 2007 at 14,164.53.

Since 1950, March and April has been a positive month for the Dow, with an average gain of greater than 1%. Last April, in particular, has been the best month, monthly rise catatkan annual average about 1.7% in the last 20 years and 1.97% since 1950.

(fsyl)

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U.s. Economic Reports Cheer Wall Street

Monexnews-the U.S. stock market rose, sending the Dow Jones Industrial Average get the highest level in five years, after the housing data, the results are better than analysts estimates so as to support the economic recovery and European stock exchanges rebounded amid rising bonds Italy. " The housing market showed the delta positive to the economy in the quarter and the year, "said David Katz, Chief Analyst at Matrix Asset Advisors Inc. in New York in a telephone interview." The rally was spurred by improving sentiment from Europe who is paired with positive data United States.

Equity markets jumped over a contract to buy a House which previously owned in the u.s. climbed more than forecast in January, indicating that the industry will remain strong this year. The number of U.S. durable goods orders which do not include transportation equipment leapt in January to the highest level this year, showed business investment began to recover.

(fsyl)

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Euro Tumbles After Gloomy Economic Data

Monexnews-Euro mired position 6-week lows versus the U.s. Dollar after data showed the eurozone economy is increasingly depressed, amid uncertainty ahead of Italy on the weekend elections later.

The eurozone PMI Data for the month of February has been celebrating the continued weakening in the region, which keeps the prospect of trimming interest rates by the European Central Bank in the coming months. While the risk of impending split in Italy's Parliament potentially trigger post-election action of selling in the bond market and weighing down the Euro.

"Weak economic data showed the Euro zone PMI Central is under pressure ahead of the election uncertainty, plus Italy. Thus making it difficult to get the Euro going up, "said Matthew Lifson, a senior trader and analyst at the Cambridge Mercantile Group in Princeton, New Jersey. (vid)

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Oil Prices Erode Economic Outlook

Monexnews-U.S. crude oil futures skidded to the lowest position 1-new moon on Thursday following the release of some disappointing economic data, so that adds to fears of slowing the pace of fuel demand. Minutes of the Federal Reserve's policy meeting of the U.S. that shows some policy makers are starting to consider the termination of a faster QE3 also weighs on commodities berdenominasi u.s. Dollar.

Currently crude oil contract for delivery in April was trading in the range of $ 109.54 per barrel or about 2.15% below the closing price Wednesday.

Data released by the Labor Department AS moments ago showed a spike in weekly unemployment claims, which highlights the slow pace of recovery of the labor market. In addition, the decline in business activity in the eurozone also getting in, according to some economists, indicating if the economy 17-country bloc will still be experiencing contractions throughout the first quarter of this year.

Oil commodities is very related to the outlook of the global economy, given the weak growth will usually erode demand for gasoline, diesel and other fuel-based crude oil.

Then traders and investors will be looking forward to the US crude oil inventory report from the Energy Information Administration (EIA), which experienced a day due to the resignation of President ' Day off ' at the beginning of the week. U.S. crude oil inventories are expected to rise by as much as 1.9 million barrels last week. (vid)

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Economic sentiment Germany lift the Euro Above 1.3400

Monexnews-Euro back find support in the midst of the London trading session yesterday in figures, following data releases 1.3328 sentiment ZEW economics from Germany since the middle of 2010, traded near session high current and high rotational at 1.3416. The Euro climbed as much as 0.42% for this week, with crude oil prices rising above $ 96, and bursa S&P 500 who scored a new high since the end of 2007, the closing session of the U.S. in the numbers 1530, up as much as 0.71% for the day, with the yield on the 10-year U.S. Treasury bond rate, high for 2.03% 10 months.

Valeria Bednarik, an analyst from FXstreet.com, noting areas of support in the range of 1.3375, 1.3350 and 1.3320. As well as the range of resistance at 1.3415, 1.3440 and 1.3490.

(AR)

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Us Stock Futures Rise Amid Economic Data Terkerek

Monexnews-

U.s. stock index futures terkerek rose after reported manufacturing activity and consumer sentiment AS a positive beyond estimation.

Manufacturing activity in the New York area was reported to have undergone expansion this month, for the first time since July. While industrial production fell slightly last month to U.S. because producers slashed production of automobiles, but negative results of industrial production was successfully offset by positive data on consumer sentiment index rises beyond estimation.

DJIA index tracked so far futures strengthened 0.17% in level 13,973, while S&P 500 up 0.16% futs to level 1, and Nasdaq futures terkerek 520.75 rose 0.26% traded on level 2, 774.50 so far.

(Sap)

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