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Scottish independence: Post-Yes fiscal forecasts updated by IFS

Scottish independence: Post-Yes fiscal forecasts updated by IFS

The government has announced a series of measures in the Queen’s Speech that it said were “unashamedly pro-work and pro-business”.

Included in a raft of bills were proposals to make it easier for small businesses to access finance and remove red tape.

There will also be measures to tackle zero-hours contracts and national minimum wage abuses.

Some childcare regulations will also be made more flexible.

A corporate ownership bill will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims. Continue reading “Scottish independence: Post-Yes fiscal forecasts updated by IFS” »

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

Chevron Retreats on Clean Energy After Renewables Hit 20% Margin

In January, employees ofChevron (CVX)’s renewable power group, whose mission was to create large, profitable clean-energy projects, dined at San Francisco’s trendy Sens restaurant. Managers applauded them for almost doubling their projected profit in 2013, the group’s first full year of operations.

The mood quickly turned somber. Despite the financial results and the team’s role in helping start more than a half-dozen solar and geothermal projects capable of powering at least 65,000 homes, managers told the group that funding for the effort would dry up, and encouraged staffers to find jobs elsewhere, say four people who attended the dinner, Bloomberg Businessweek reports in its June 2 issue.

Continue reading “Chevron Retreats on Clean Energy After Renewables Hit 20% Margin” »

Freeport Contract extension will decide by Next President?

Freeport Contract extension will decide by Next President?

Queted from TEMPO.CO, President’s special staff of economic and development, Firmanzah, asserted that the mining contract renegotiation will be not be decided by the President Susilo Bambang Yudhoyono. He said the strategic policy will be made by the new president elected on July 9 2014.

Freeport mine

“During a cabinet meeting, the president asserted that he would not make any strategic policies, including the mining contract renegotiation, near the end of his terms of office,” Firmanzah toldTempo on Sunday, June 8, 2014.

Continue reading “Freeport Contract extension will decide by Next President?” »

How is Freeport Morgan’s contract negotiation progress now?

How is Freeport Morgan’s contract negotiation progress now?

Freeport-McMoran Copper & Gold still have contract (Kontrak Karya – KK) in Indonesia untl 2021 since 7 April 1967 and last renewals in 30 December 1991. Freeport can propose new extension in 2019, 2 years before its end. But after government isseud UU No 4/2009 about Mineral and Coal Mining, also PP 9/2012 about PNBP and Keppres Number 3/2013 Freeport and others mining corporation should be fulfill the provision from the government.

Freeport

So, why Freeport looks inconvenience with this regulations? Since 1967 Freeport was contribute around 20-30 percent copper mining for their company production around he world. It’s not a small contribution for the total production. In others, gold mining contribute more that 90 percent for total productions besides their mine in South America, North America and Africa. If they fail to extend the contract, their production will be affected and makes huge influence for their company. Continue reading “How is Freeport Morgan’s contract negotiation progress now?” »

What is the Most Important in Aviation Industry?

What is the Most Important in Aviation Industry?

The International Air Transport Association (IATA) has called on government institutions, airlines and aviation industry stakeholders to safeguard the development of Indonesia’s commercial airline industry by striving to meet international standards of coordination and safety.

Aircraft

“The key to unlocking the aviation industry’s future potential is a global mind-set that is supported by strong partnerships. Aviation connects people and business to make global expansion possible. Airlines must be profitable, safe and secure,” Tony Tyler, IATA’s director general and CEO said Monday in a statement made available to The Jakarta Post on the sidelines of the IATA 70th annual general meeting and World Air Transport Summit in Doha, Qatar. Continue reading “What is the Most Important in Aviation Industry?” »

Based on GDP, Indonesia is one of World’s 10th-largest economy

World’s 10th-largest economy behind peers

Business news : from Jakpost

Indonesia’s position as the world’s 10th-largest economy, according to a 2011 report, immediately dims among Southeast Asian peers, such as Malaysia and Thailand, when it comes to gross domestic product (GDP) per capita.

In the 2011 World Bank-affiliated International Comparison Program (ICP) report, Indonesia — the region’s largest country in terms of economy and population — recorded US$2,058 billion in GDP expenditure and $8,539 in GDP expenditure per capita.

Malaysia’s GDP expenditure was only $606 billion but its GDP expenditure per capita was more than two times that of Indonesia, at $20,926, the report said. Meanwhile, Brunei was among five economies with the highest GDP per capita, after Qatar, Macau, Luxembourg and Kuwait.
Continue reading “Based on GDP, Indonesia is one of World’s 10th-largest economy” »

Gazprom get China National Petroleum Corp deals

Gazprom get China National Petroleum Corp deals

Russia’s President Vladimir Putin has signed a multi-billion dollar, 30-year gas deal with China.

The deal between Russia’s Gazprom and China National Petroleum Corp (CNPC) has been 10 years in the making.

Russia has been keen to find an alternative energy market for its gas as it faces the possibility of European sanctions over the crisis in Ukraine.

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No official price has been given but it is estimated to be worth over $400bn.

President Putin said in a statement to the Russian news channel Rossiya: “The price is satisfactory for both sides. Continue reading “Gazprom get China National Petroleum Corp deals” »

BI: This Month, Interest Rate still 7,5%

BI: This Month, Interest Rate still 7,5%

Bank Indonesia (BI) has decided to maintain the benchmark interest rateat 7.5 percent, similar to  April’s level.

BI has set the rate at this level since November 2013.

The rate was announced in Jakarta on Thursday afternoon by BI Governor Agus Martowardojo after conducting a board of governorsmeeting (RDG).

“We are consistent in maintaining the rate as we want to achieve an inflation rate of 4.5 percent, plus minus one percent,” Agus told the press after the RDG as quoted by kontan.co.id.

The monthly RDG is to evaluate monetary policy that has been carried out as well as to prepare future monetary policies.

Apart from the BI rate, the bank also maintained its lending and deposit facilities at 7.5 percent and 5.75 percent, respectively. (nfo/nvn)

Source : Jakpost

Asian stocks drop, but oil comodity climbs

Asian stocks drop, but oil comodity climbs

Asian stocks fell, led by Japanese shares after a two-day holiday, as the yen held gains versus the dollar and emerging-market currencies strengthened. The New Zealand dollar weakened, while nickel and crude oil climbed.

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The MSCI Asia Pacific Index slipped 0.8 percent by 10:01 a.m. in Tokyo, as Japan’s Topix index sank 1.8 percent. Standard & Poor’s 500 Index futures fell 0.1 percent after a selloff in Internet stocks sent the gauge down 0.9 percent in the U.S. The yen held yesterday’s 0.5 percent jump as the Korean won and Malaysian ringgit climbed. New Zealand’s dollar fell after the central bank detailed conditions for intervention. Nickel rose and gold advanced as oil in New Yorkadded 0.4 percent.

Continue reading “Asian stocks drop, but oil comodity climbs” »

Venezuela’s Minimum Wage Hike Is No Match for Inflation

Venezuela’s Minimum Wage Hike Is No Match for Inflation

Venezuelan President Nicolas Maduro raised his country’s minimum wage by a whopping 30 percent last week, following a 10 percent increase in January.

During a workers’ rally commemorating May Day, Maduro told the crowd the raises were fresh evidence of the success of the country’s socialist revolution. “In the 15 years of the Revolution, we have given, in accordance with our socialist program and constitutional mandate, 25 salary hikes and 25 pension increases,” Maduro said during a nationally televised address.bandera de venezuela - photobucket

What Maduro neglected to say was that the increases are necessary to keep pace with the country’s inflation rate, which at 56 percent last year was the highest in the world.

Continue reading “Venezuela’s Minimum Wage Hike Is No Match for Inflation” »