Rupiah Rebounds From Three-Year Low on Intervention Speculation

Indonesia’s rupiah gained the most in two weeks, rebounding from a three-year low, on speculation the central bank intervened in the market to stabilize the currency.

Bank Indonesia will hold its benchmark rate at a record-low 5.75 percent for a 10th month tomorrow, according to all 18 economists surveyed by Bloomberg.

The monetary authority continues to reduce the local currency’s volatility in line with its fundamentals, it said in a Nov. 8 statement on its website.

Indonesia’s trade balance swung to a shortfall of $1.5 billion in October, indicating the current account will probably remain in deficit for a fifth straight quarter.

“The rupiah tends to approach new lows, but the central bank seeks to stabilize the exchange rate,” said Taufan Tito, a Jakarta-based foreign-exchange dealer at PT Bank Rakyat Indonesia, said on Monday. “Investors want the reference rate raised considering the current-account deficit but it will probably be steady this year.”

The rupiah strengthened 0.2 percent to 9,635 per dollar as of 3:28 p.m. in Jakarta on Monday, the biggest gain since Nov. 26, prices from local banks compiled by Bloomberg show. It reached 9,733 earlier, the weakest level since September 2009.

One-month implied volatility, a measure of expected moves in exchange rates used to price options, rose 13 basis points, or 0.13 percentage point, to 5.5 percent.

The yield on the government’s 7 percent bonds due in May 2022 climbed one basis point to 5.38 percent, prices from the Inter Dealer Market Association show.

Source: Bloomberg
Editor: DailyWeeks

Bloombeg TV Expand to Indonesia Next Year

Bloomberg Television on Monday announced the formation of a partnership in Indonesia with the Idea Group, a Jakarta-based media and strategic communication holding company, to launch Bloomberg Television Indonesia in early 2013.

Presented in Bahasa Indonesia, Bloomberg Television Indonesia will bring Bloomberg news, alongside locally-produced content, to southeast Asia's largest economy.

Bloomberg TV Indonesia will partner with existing broadcast entities and air on Free to Air, Pay TV, internet and mobile platforms.

"Indonesia is not just one of the largest consumer markets in Asia, it also has one of the fastest growing economies and rising investor classes,"  Gary Groenheim, Commercial Director of Bloomberg Television, Asia-Pacific, said in a statement sent to the Jakarta Globe.

"We have long identified Indonesia as a strategic emerging market to take Bloomberg Television's global experience and translating that into a meaningful local TV proposition. With the Idea Group, we have found a partner with the vision and passion to take business news from its traditionally narrow and specialist confines to a broader, mainstream audience," he added.

Ziva Narendra Arifin, CEO of Idea Group Indonesia, said the partnership will involve transfer of skills, experience and journalism ethics, and added that it will certainly benefit the local market.

“This partnership is based on a shared mission of providing locally relevant, influential business content that will enhance the lives of Indonesia’s rapidly growing consumer class, which has limited access to business management education," Ziva said.

Ziva added that as a business content provider, the Idea Group Indonesia has a long-term interest in educating the local population about important business and economic news, and bringing local content to the rest of the world.

Sources: The Jakarta Globe
Editor: DailyWeeks

Sinar Mas to Build Oleo chemical Plant in Dumai

Sinar Mas Group to build a renewable oleo chemical plant in Dumai, Riau with IDR2 trillion investment or US$245 million.

Managing Director of Sinar Group, Gandi Sulistiyanto confirmed oleo chemical plant construction plan in Dumai, Riau.

The plant construction is predicted to be completed on scheduled set by company. However, he was reluctant to mention the details of investment value and production capacity.

Based on information collected by Bisnis, the company will build oleo chemical plant in 24 hectare area.

Directorate General of Agro Industry Benny Wachyudi said the company is reviewing the incentive to the government both tax holiday and tax allowance.

The company to build a plant-based palm oil with an investment reached US$245 million and will absorb 1,000 workers.

Sources: Bisnis Indonesia
Editor: DailyWeeks

$10 million worth of tickets have been sold for the fight Pacquiao vs Marquez

Hundreds of screaming Filipino boxing fans tried unsuccessfully to shout down their Mexican rivals at the weigh-in for Saturday's welterweight fight between Manny Pacquiao and Juan Manuel Marquez.

Chants of "Manny, Manny" were answered with even more boisterous calls of "Marquez, Marquez" from the dominant flag-waving Mexican supporters as a crowd of about 5,000 people squeezed into the MGM Grand Garden arena on Friday.

"I am happy to give honour to my country in boxing," the 33-year-old Pacquiao told the crowd.

Pacquiao, 54-4-2 with 38 knockouts, weighed in at the division's 147-pound (67 kilograms) limit while Marquez, 54-6-1 with 39 knockouts, came in at 143 pounds.

Pacquiao's huge following in the Philippines was on display at the arena, with many of his supporters flying in from his home country and other parts of the United States.

With the 16,000-capacity arena sold out for Saturday's fight, this is as close as many will get to the fighters in person. One eager Filipino couple, who flew in from Hawaii, started lining up in the wee hours of the morning 11.5 hours before the doors were scheduled to open.

When southpaw Pacquiao and Marquez enter the ring Saturday for their non-title bout, it will be the fourth time in eight years they have fought.

Pacquiao, who is eager to redeem himself after suffering a defeat in his most recent fight to Tim Bradley, is tired of Marquez blaming his failure to win in their three previous fights on biased judging.

Marquez claims he won all three fights -- although two were scored in favour of Pacquiao and one ended in a draw.

The boxers were joined on podium Friday by former heavyweight champion Mike Tyson, promoter Bob Arum and their trainers, Freddie Roach for Pacquiao and Ignacio Beristain for Marquez.

Organizers announced on Friday that more than $10 million worth of tickets have been sold for the fight, which is also being carried on both closed-circuit television at venues around Las Vegas and pay-per-view in private homes.

Pacquiao said earlier in the week that there won't be a fifth fight, which would put them in the class of Gene Tunney-Harry Greb, who had five bouts between 1922-1925.

Sources: Agence France-Presse, The Jakarta Globe
Editor: DailyWeeks

US Jobless Rate at 7.7%

Washington. US employment grew faster than expected in November as the hit from superstorm Sandy on payrolls was less forceful than many feared.

At the same time, the jobless rate fell to a near four-year low, but that was largely because so many Americans gave up the hunt for work.

Nonfarm employment increased by 146,000 jobs last month, the Labor Department said on Friday, defying expectations of a sharp pull back related to superstorm Sandy.

The government said the storm that slammed the densely populated East Coast had not had a substantive impact on last month’s employment and unemployment estimates.

The 0.2 percentage point drop in the unemployment rate to 7.7 percent — the lowest since December 2008 — represented a drop in both the labor force and employment as measured by a survey of households. Economists generally rely more heavily on the payrolls reading from the separate and much larger survey of employers.

While job gains for both September and October were revised to show 49,000 fewer jobs created than earlier reported, the revision was concentrated in the government sector.

Job gains have averaged 151,000 per month this year, just enough to push the jobless rate lower, but only slowly. Economists say roughly 200,000-250,000 jobs per month are needed to really make headway.

Employment continues to be held back by fears the government may fail to prevent the $600 billion in automatic tax hikes and government spending cuts set to take hold at the start of next year. The debt crisis in Europe has also weighed.

With the pace of job growth still too slow, November’s report is not expected to have much impact on Federal Reserve policymakers, who meet next Tuesday and Wednesday.

Relentless labor market weakness led the Fed in September to launch a program to buy $40 billion worth of mortgage-backed securities every month to drive down borrowing costs.

That is on top of a program dubbed “Operation Twist” in which it was re-weighting securities it holds toward longer maturities. Twist expires at the end of this month and economists expect the Fed to replace it with a program that buys government bonds with newly created money.

All of the meager jobs gains in November were in the private sector, with government employment slipping 1,000.

Within the vast private services sector, retail employment gained 52,600, professional and businesses services increased 43,000. Temporary help hiring increased 18,000.

In the goods-producing sector, manufacturing employment fell 7,000. Construction payrolls surprisingly dropped 20,000, despite a surge on homebuilding, which is benefiting from the Fed’s accommodative policy stance.

Sources: Reuters, The Jakarta Globe
Editor: DailyWeeks

Bus Driver Restore Money Bags Containing 309 thousand euro

One more story of human honesty that often can not be trusted. This time it happened in Vienna, Austria, and the person was a bus driver.

The driver's name was WolfgangR (51). On Wednesday (11/05/2012), Wolfgang recently completed work driving a bus in the capital of Austria's.

As he was checking the bus, he found a bag lying on the seat right behind the driver's seat. Wolfgang astonishment when he opened the bag containing the money 309,000 euros.

"At first I thought it contained drugs or groceries," says Wolfgang told the daily Krone.

Without thinking, Wolfgang then took the bag containing the money to the police station. According to documents in the bag, police found a bag that turned out to be the owner of a retiree who just withdrew all his life savings from the bank.

So, what about us? Can we be like Wolfgang?

Source: Kompas, AFP
Editor: DailyWeeks

U.S. Presidential Election Cost $ 2 Billion

U.S. Presidential Election 2012 cost more than two billion dollars. This is the cost for a few weeks before the election on 6 November and is the most expensive in the history of U.S. politics.

Federal Election Commission said the figures after entering all expenses during the election campaign. Each candidate spends less cost by a similar amount, more than one billion U.S. dollars.

Cost is included to support the campaign of U.S. President Barack Obama and Republican presidential candidate, Mitt Romney, who eventually defeated.

Estimated cost of the campaign was very intense because both sides attacking each other action, including through advertising, and operating costs both sides in the field are also competing very fiercely.

Source: Kompas
Editor: DailyWeeks

Grand Cherokee Diesel Introduced in Detroit

Ensuring Jeep Grand Cherokee diesel will present at the North American International Auto Show (NAIAS) in Detroit in January. Mike Manley, Jeep CEO told WardsAuto yesterday (5/12) said that these variants go on sale in the United States (U.S.) by the end of the first quarter of 2013.

Machines used V6, 3.0 liter with an additional turbo, the same as those sold in Europe. There are 2 options, PS@4.000 190 rpm and 440 rpm or 241 PS@4.000 Nm@1.600-2.800 rpm and 550 rpm Nm@1.600-2.800.

Products 2013
Manley also ensures Patriot and Compass facelift launch a slight change in the other models that are presented next year is a replacement for Liberty SUV using Fiat base. Suggested renaming, especially for models sold in the U.S..


Are you interrest?

Sources: Carscoop
Editor: DailyWeeks

Say No To Soda Drink

 Image source from personalexellence.co

Do you drink soda drink? How often you drink it? Various studies have shown the impact of a series of soda. This is why you should think twice to drink soda.

Does not contain nutrients
According to M Keri Gans, nutrition consultant and spokesperson for the American Dietetic Association, soda does not contain any nutrients except sugar and calories. In fact, diet soda also does not provide positive benefits to the body. To quench your thirst, you may prefer water because it can merehidrasi body without adding calories.

Causes of diabetes
Soda contains high fructose corn syrup, a sweetener that is associated with the occurrence of excess body weight. Ability to consume soda also increases the risk of type 2 diabetes. It happened because of the sugar content in soda and its effect on the body's hormones.

Dental Damage
As we sipped the soda, the sugar content in it will coat the teeth along with the bacteria in the mouth which then would form the acid. Both regular soda and diet soda also contains carbolic acid that will damage tooth enamel.

Weakening bones
Most sodas contain phosphorus and caffeine. Both are believed to contribute to the occurrence of osteoporosis, bone fragility alias.

Damaging the organs
Research shows that consuming soda associated with chronic kidney disease, metabolic syndrome, and fatty liver.

Source: everydayhealth
Editor: DailyWeeks

Puninar Team Up With Keppel for Strengthening Services

PT Puninar Jaya cooperated with Keppel Logistic Singapore-based company to strengthen logistic services in the country.

Puninar Logistic CEO Tjahjadi Lukiman said Indonesia’s logistic business development is growing rapidly. It is supported by the national economic growth which is predicted to reach 6% per year.

“To deal with economic growth and strengthen our position in domestic market competition, one of company policy established joint venture with international partnet,” said Tjahjadi after MOU signing with Keppel T&T CEO Pang Hee Hon, Jakarta, Tuesday (12/4).

The joint venture named PT Keppel Puninar Logistic, some 49% stocks are owned by Keppel Logistic and the rest 51% owned by Puninar Logistics.

Tjahjadi said joint-ventured will focus on retail product sector and healthcare products with full integrated services including customs clearance, transportation, warehousing and other value-added management.

To improve logistic services, the company will build new warehouse in Cakung, North Jakarta with area of 30,000 square meters and it needed IDR120 billion investments.

Sources: Bisnis Indonesia
Editor: DailyWeeks

Nissan released The Dark Knight Rises Juke Nismo

Nissan Design Europe released The Dark Knight Rises Juke Nismo, as a celebration of collaboration with Warner Bros.. This version is not sold or auctioned off, as it only produced one unit, exclusively for UK residents who follow the competition online "Thrill Test" in www.builttothrill.co.uk.

The identity of the Batman logo is on the exterior and interior. Outside, found in shark fin antenna, front air grille, rear, and the rear roof. While inside, there on the carpet, stitched headrests white, and on the outskirts footrest that will illuminate when the door is opened.



By design, the same as the Nissan Juke Nismo before, only to be replaced with a special design rim 18 inches, combined red detail. Overall matte black body paint whitewash in order to show the typical Batman sinister aura.

Under the hood and still have the same heart, 1,600 cc turbo-powered 200 PS, working with six-speed manual transmission. Streaking 100 km per hour from zero is less than eight seconds. The suspension and the legs are also the same, but still lower than the Juke plain comfortable.

Sources: netcarshow, nissan
Editor: DailyWeeks

"Entry List" F1 2013

International Automobile Federation, FIA, announced the participants of the World Championship Formula 1 2013 season. The number of contestants are only 22 teams, one less than the team's 2012 season, following the absence of the team HRT.

Major drivers were not yet complete, will be announced as the new alias is still "TBA" (to be Announced) - believed, this happens because the teams have not been allocated to any number pebalapnya. Teams that are not announced pebalapnya Lotus, because it is still waiting for confirmation Romain Grosjean did survive, Force India, Caterham, Toro Rosso and Marussia.

"Entry list" F1 2013

No.      Driver                    Full team name                         Chassis/Engine
 1  Sebastian Vettel         Red Bull Racing                         Red Bull-Renault
 2  Mark Webber             Red Bull Racing                         Red Bull-Renault
 3  Fernando Alonso       Scuderia Ferrari                         Ferrari
 4  Felipe Massa             Scuderia Ferrari                         Ferrari
 5  Jenson Button           Vodafone McLaren Mercedes     McLaren-Mercedes
 6  Sergio Perez             Vodafone McLaren Mercedes     McLaren-Mercedes
 7  Kimi Raikkonen         Lotus F1 Team                            Lotus-Renault
 8  tba                             Lotus F1 Team                            Lotus-Renault
 9  Nico Rosberg            Mercedes GP Petronas F1         Team  Mercedes
10  Lewis Hamilton        Mercedes GP Petronas F1          Team  Mercedes
11  tba                            Sauber F1 Team                          Sauber-Ferrari
12  tba                            Sauber F1 Team                          Sauber-Ferrari
13  tba                            Sahara Force India F1 Team       Force India-Mercedes
14  tba                            Sahara Force India F1 Team       Force India-Mercedes
15  Pastor Maldonado    Williams F1 Team                        Williams-Renault
16  Valtteri Bottas           Williams F1 Team                        Williams-Renault
17  tba                            Scuderia Toro Rosso                   Toro Rosso-Ferrari
18  tba                            Scuderia Toro Rosso                   Toro Rosso-Ferrari
19  tba                           Caterham F1 Team                       Caterham-Renault
20  tba                            Caterham F1 Team                      Caterham-Renault
21  tba                            Marussia F1 Team                        Marussia-Cosworth
22  tba                            Marussia F1 Team                        Marussia-Cosworth

Editor: Aloysius Gonsaga Angi Ebo
Pic Source: AFP/YASUYOSHI CHIBA

Newcastle End Negative Trends

Newcastle United's 3-0 win over Wigan Athletic at the Stadium St James' Park on Monday or Tuesday (4/12/2012) early morning hrs.

Senegalese striker, Demba Ba, Newcastle bought up two goals in the first half. After the break, Newcastle Gael Bigirimana round victory over the Latics.

Victory Newcastle started infringement Maynor Figueroa for Papiss Demba Cisse leading to a penalty in the 12th minute. Not only that, Figueroa also straight red card by referee Michael Jones.

Demba Ba took the job as executor who calmly able to open up the difference. Ba actually shot perfectly predictable by Ali Al-Habsi. However, the Oman goalkeeper was less quickly than shots Ba.

Entering the 21st minute, the hosts doubled notch. Davide Santon end the movement with a hard shot from outside the box. The shot was blocked by Al-Habsi. However, throwing the ball leads to the foot of Ba, who then fired accurately which failed driven Al Habsi.

After winning in the first half, Newcastle did not loosen the attack. Substitute, Bigirimana, successfully closing party The Magpies goal at minute 71. A hard kick left foot from distance Wigan stabbing nets for the third time.

The composition of players
Newcastle: 1-Tim Krul; 5-Danny Simpson, Fabricio Coloccini 2-, 6-Michael Williamson, 3-Davide Santon (31-Shane Ferguson 50); 22-Sylvain Marveaux, 24-Cheik Tiote (20-Gael Bigirimana 46) , 8-Vurnon Anita, 18-Jonas Gutierrez (28-Sammy Ameobi 76); 9-Papiss Demba Cisse, 19-Demba Ba

Wigan: 26-Ali Al-Habsi; 5-Gary Cadwell (24-Adrian Rodriguez 46), 17-Emmerson Boyce, 31-Maynor Figueroa; 23-Ronnie Stam, 4-James McCarthy, 6-David Jones, 22-Jean Beausejour ; 2-Arouna Kone, 9-Franco, Santo (15-Callum McManaman 83), 14-Jordi Gomez (16-James McArthur 22)
Referee: Michael Jones

Sumber: Kompas, Indonesia
Editor: DailyWeeks

Mitsubishi Outlander Expect Great American Market.

Los Angeles - After a lively discussion, Mitsubishi finally shows the new face of the Outlander. The car's world debut in Los Angeles with a fresh look.

Mitsubishi All New Outlander comes with a choice of two engines. The first option is a four-cylinder-powered 166 hp with 162 lb-ft of torque. This machine has a capacity of 2.4 liter.

Meanwhile, the larger engine is also presented through the Outlander GT. 3.0-liter engine with a six-cylinder comes with a power of 224 hp and 215 lb-ft of torque transmitted to the system of all-wheel drive (AWD) with 6-speed transmission.

On this occasion, president and CEO of Mitsubishi North America Yoichi Yokozawa also reiterated its commitment to the U.S. market with plans to increase exports of vehicles made in America to help the economy.

"It not only helps reduce the challenges of the yen-dollar exchange rate, (but) we also export a large number of new models to Russia, the Middle East, and Central and South America," Yokozawa said that the quotes from the LA Times.(dw)

Robert Plant Shown in Australia began in March 2013

The fans of Led Zeppelin in Australia reportedly impatient to wait the arrival of the band's singer Robert Plant who will visit Adelaide, Sydney, Melbourne and Tasmania. In Adelaide, Plant re-visited after 30 years.

Currently, Plant toured the world with his new band The Sensational Space Shifters, and usually featuring classic songs like Led Zeppelin's "Black Dog", "Bron-Y-Aur-Stomp," "Ramble On", "Whole Lotta Love "" Going to California ", and" Rock and Roll ".

Plant will begin his tour in Australia with a performance at the Adelaide Entertainment Center March 26, and this is the third time Plant performing in Adelaide, after performing with Led Zeppelin in 1972 and a tour alone in 1984.

Plant which originated in England, and now the 64-year-old will also appear in BlueFest in Byron Bay, New South Wales, and the West Coast Blues and Roots Festival in Fremantle.

According to the Reuters correspondent in Australia L. Literature Wijaya, Plant will also perform in Sydney, March 28, Melbourne 3 Aprill, and Launceston (Tasmania), 5 April.

Sources: Kompas
Editor: DailyWeeks

Formula E will be held in Rome and Rio de Janeiro

Formula Electric or better known as Formula E which will be held in 2014, the race promises not only environmentally friendly, but also comfortable and full of charm because of the circuit used is not a real racing circuit, but fact filled city streets pemanja eyes.

Ten beautiful city targeted the Federation Internationale de l'Automobile (FIA) to host the first electric car racing formula in the world. Rio de Janeiro is set as the first city some time ago, and last week, Rome passed into the next town.

Rome is known as the historic city, beautiful, with ancient buildings are scattered in all directions. The road is also challenging, almost straight track will not be much, just the opposite, full of narrow alleys with sharp turns.

Formula E Holdings (FEH) has received a "proposal" from several major cities around the world to conduct nicknamed E-Prix racing it. And now the task of the FIA ​​is to narrow the list of city names in accordance with the regulations and their needs.

Technical regulations are expected to be finished in the near future. Currently Spark Racing Technology (SRT) was developed in collaboration with McLaren Formula E race car first.

Since this race a "quiet" without the roar of the engine, there will be no protests about the implementation of the Formula E, it gets a lot of support because it adds to the entertainment.

How about you, do you like?

Sources: thegreencarwebsite, autoevolution
Editor: DailyWeeks