Indonesia will conduct Redenomination

JAKARTA - Bank Indonesia (BI) asserted that Indonesia had never done before redenomination. It's never been done in Indonesia in 1966.

"We've never done redenomination 1966. But the current environment is high inflation, so that his luck failed," said BI Deputy Governor Budi Rochadi after Press Conference Press Room BI Redenomination in Jakarta, Tuesday (03/07/2010).

At that BI did redenomination by simplifying the amount of Rp1.000 to Rp1. However, when inflation was high, so that when it fails redenomination policy.

In 1966, BI is also well done snaring. I.e. cutting money in an unhealthy condition of the economy, where the cut is only the value of money.

"So that Indonesia had done only once and only once redenomination snaring. Currently, we are proposing discourse redenomination again because inflation was under control," he added.

However, continued Budi, because this policy decision is a political policy of the regulators can not propose this policy alone.

The draft plan will be proposed this discourse of BI in this month to the president. If smooth, then design will be submitted to Parliament.

The design included a large number of zeros simplification which will be deducted.

Actually, this has been done redenomination discourse BI since 5-6 years ago. However, continued Budi, this discourse was intensively discussed the new back in the last two years.

"In any case (this redenomination discourse again) not to fail," he asserted.

However, it also can not do anything because of this policy involves a political decision earlier. BI, continued Budi, can only put forward the idea, surveys or observations based on what has been done in other countries. If this decision is rejected, then this plan would disappear just like that. - via -

TAP reaches record value to carry 5 million passengers by July

TAP, with the help of the performance in July, reached number 5 million passengers during the first seven months of the year, more than the 5.9% recorded in homologous. last weekend TAP had transported 36,738 passengers, thus beating the record for passengers carried in a single day. This number contributed to reach a total of 940,710 passengers in July, says the airline on the same document.

In aggregate, TAP said that the value reached the 5 million passengers is not only superior to that seen in 2009 as in 2008, the year so far, TAP transported more passengers.

"TAP has not had any increase in 2010 of its fleet, so that, with increasing traffic on it was possible to achieve 80% occupancy rate in July and a cumulative 72.6% in the year, against 73.3% and 65.9% in 2009 respectively, "concluded the company.

The flag carrier has not yet scheduled the presentation of its half-yearly results. The truth is that the average fare in the aviation industry has been falling.- via -

Infrastructure Boom: Beware of the Potholes

Infrastructure Boom: Beware of the Potholes

Before you start making infrastructure investments on the strength of Obama's stimulus program, consider these potential obstacles to a building boom

www.businessweek.com

Gambling on Netbooks in Vegas

Gambling on Netbooks in Vegas

At this year's CES, Intel, Freescale, Lenovo, and others are unveiling a host of souped-up, touchscreen netbooks

• Slide Show: Laptop Evolution

www.businessweek.com

Obama: Billions for Battered Businesses

Obama: Billions for Battered Businesses

The incoming Administration may loosen tax rules to let homebuilders, banks, and other businesses use current losses to offset profits made in the bubble years

• Plus: Obama Vows Budget Restraint

www.businessweek.com

Intel Takes a Big Hit

Intel Takes a Big Hit

The chipmaker's shares tumble as fourth-quarter revenues and profits come up short of analysts' estimates

www.businessweek.com

Ocean Business

Ocean Business Returns Again In 2009

Exhibition space nearly sold out - only 9 stands remaining!

The ocean technology industry can celebrate once more as there is an event that successfully combines business with a full series of social networking opportunities. The inaugural event from the 27th to the 29th March 2007, attracted more than 1500 colleagues from 36 countries who descended on the National Oceanography Centre, Southampton, UK.

Ocean Business has a winning formula of combining the traditional static exhibition stand with the opportunity for delegates to attend over 150+ hours of training and demonstration workshops providing first hand knowledge of the equipment and systems on the market.

An event that brings senior buyers and decision makers together with the actual users who are out in the field operating the equipment and services

Combine this with the ever important networking side of the event, that keeps delegates and exhibitors together throughout the week, and it is clear to see how Ocean Business has already firmly established itself in the international
ocean technology calendar.

Plans are already underway for Ocean Business 2009 which will take place at the National Oceanography Centre, Southampton from 31st March – 2nd April 2009.

www.oceanbusiness.com