Business Solution Blog
Archive for the ‘Finance Info’ Category
With the tough economy situation we have today, many of us are falling deeper and deeper to the hole of financial difficulties. Many people lost their jobs and have to live on their savings. With such condition, it is often very hard to meet your needs. You make late payments, or even have to miss some.
In worse cases, you have to foreclose on your house and file for bankruptcy. All of these circumstances will definitely give bad impacts on your credit history reports. You will get negative marks on the credit history and lower credit score. In spite of this, you can always repair your credit. Before doing so, there are some false beliefs you need to know.
It is not extremely difficult to fix credit scores, yet you cannot fix it overnight. It can be quite easy to do it yourself with the right info and tips, but still you may need few weeks to accomplish the task. Some people managed to improve their credit scores within days.
If you heard that checking your own credit history will lower your score, that’s not true. In fact, it is necessary to check your credit history as statistics show that more than half of all credit reports contain mistakes. It is also not true when someone tells you that your credit is so bad it cannot be repaired. Fixing it might not be as easy as fixing printing mistakes on your printed t-shirts, but the point is that no matter how bad your credit history is, it can be improved.
This article written by Phillip Thow
Assets of the largest banks in Indonesia shrinkage
Assets of large banks recorded falls to Rp 20.51 trillion in the first quarter of 2010. In the banking statistics of Bank Indonesia (BI) is known from the latest ten largest banks by assets, listed five major banks dropped their assets rather than the position of the end of 2009.
Call it PT Bank Mandiri Tbk (Mandiri). Although still in the first sequence, the value of assets declined to Rp 368.80 trillion from the end of 2009 to Rp 375.23 trillion. Dus, take market share fell to 14.39 percent from 15 percent.
Beraset second largest bank PT Bank Rakyat Indonesia Tbk (BRI) is also in the same boat. BRI’s assets fell to Rp 13.82 trillion to Rp 304.62 trillion from Rp 318.44 trillion. Market share also follow ramp to 11.88 percent from 12.73 percent.
Impairment of assets also happened in PT Bank Negara Indonesia Tbk (BNI). If at the end of 2009 the assets were Rp 226.91 trillion. Within the three months to Rp 213.07 trillion shrinkage or decreased Rp 13.83 trillion. Another snapper banks whose assets fall is PT Bank Central Asia Tbk (BCA) and the State Savings Bank Tbk (BTN).
However, five banks in the ranks of the top ten largest banks in the homeland of its assets are still rising. The increase recorded by the greatest asset of PT Bank CIMB Niaga Tbk (Bank Niaga). In the span of three months, the bank’s assets rose to Rp 7.78 trillion to Rp 114.67 billion.
Regular cycle
BRI Finance Director Sudaryanto Sudargo said the decline of banking assets in the first quarter of 2010 beginning of the fair and occurs in almost all banks. This is related to the cycle of third party funds (TPF), which stopped at the bank.
At BRI, the end of the year is usually the value of deposits surged since the government put the money remaining unused budget. If not channeled loans, funds were placed to raise the asset securities. “Its value can be dozens of trillions. So, late last year we took a high current account value,” explained Sudaryanto.
So step on the new year, government funding is pulled back in line started moving projects in central and local budgets. Was withdrawn after reaching tens of trillions. This affected the bank’s assets. “Because we have to withdraw funds from securities,” he added.
BNI President Director Gatot M. Suwondo mengamini this. “BNI is a decline in deposits from the end of the year to quarter one, it causes impairment of our assets,” he said.
International and Treasury Director of Bank Mandiri Thomas Arifin expresses a similar. “Reduction of the bank’s assets decline only because TPF. Particularly expensive or deposit funds,” he said.
Vice President Director of BCA, John Setiaatmadja added, the phenomenon of decline in assets at the beginning of the year it is very common. “The first quarter fell slightly, also due to the release of credit come down. Later in the quarter two back up,” he explained.
Director of Banking Research and Regulation of BI Halim Alamsyah not want to comment much about the drop in assets of the banks this big fish. “I have to check first. However, just info, there is some unfinished bank data due to changes in banks report formats that follow SFAS 50/55,” he said.
When you want to make something big, you can begin with nothing or you can start from something with smaller amount. It occurs also when you want to become an entrepreneur. You can start a business from your own or you can continue and develop other’s business as your own in the future.
No matter how you start the business, both of them has their own risk and benefits. Moreover, both of them require the support of money. If right now you are looking for the financial support from loan institution, there are some things that you need to consider.
In doing the first approach, you can get a small business loan from angel investors who already have their big business and right now they want to offer some loan not only for profits but also for charity and to increase their links to the new businesses. Besides that, you can also expect to get the first time business loan from family or friends.
In financing a business, you can also get the option from the credit cards. However, this is the poorest choice that you can make since the cost for the interest rates are very high for example when compared to the loans such as APR rates. However, if traditional approaches cannot be done, you can still choose this option.
Indonesia’s financial markets Thursday (06/05/2010) is still reeling. Negative sentiment coming from the external to the concerns about the debt crisis in Europe which led to regional and global stock sagging, as well as from the internal existence of the resignation of Finance Minister Sri Mulyani Indrawati.
Composite Stock Price Index on the trade at the Indonesia Stock Exchange slipped below 2800. While the rupiah against the U.S. dollar slumped to top 9200
CSPI first session closed 2.11 percent slumped 60.15 points at 2786.09 atay. Emitem-issuers of miscellaneous industrial and banking sectors led the index crash.
A total of 170 stocks fell this morning to dominate the trading session, compared to only 28 stocks rose and 47 shares remain stagnant. The total transaction value reached USD 2.62 trillion from 61 123 times the volume of transactions with 2.62 billion shares.
While the rupiah against the U.S. dollar also slipped through the levels of 9200, after a long stay in the range of 9000 was even stronger under 9000. RI currency was in a position of Rp 9252 per U.S. dollar.
