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Why Inflation Is Eroding Your Savings

Why Inflation Is Eroding Your Savings

The basic principle behind inflation is that as the money supply increases, so too does the relative price of goods and services. The example of wage parity shares a common connection with how savings are affected by changes in inflation. Your savings must also increase at the same rate of inflation each year in order hold their real worth. If prices are rising annually but your savings remain unchanged, you are able to purchase less with the same amount as you were the previous year. This is why keeping your savings hidden under a mattress is not the smartest investment strategy, even if you ignore the security issues. What the vast majority of us do instead is deposit our savings into the bank.

 

Banks have made for sound investments, seeing as the deposit rate has traditionally been above the inflation rate, at least in New Zealand. This means that your savings are growing faster than inflation, effectively increasing the value of your deposit within the marketplace. The problem is, following an increase in GST, inflation has risen above the interest rates offered by banks. It is still a far safer investment than storing cash under your mattress, but not as secure as it once was. Modern investors need to more carefully consider their options when structuring a portfolio. Of course the key advantage of a bank is that you don’t risk losing your investment, but if your value is being eroded from year to year then you have to ask yourself what the point is. The best thing to do is speak to an Investment Adviser, who can help sort through your options and minimise the impact of inflation upon your savings.

 

Sumber:

http://www.artikelberbahasainggris.com/ekonomi/why-inflation-is-eroding-your-savings.html

City to invest in Lampung to secure food supplies

City to invest in Lampung to secure food supplies

Sita W. Dewi, The Jakarta Post, South Lampung | Jakarta | Thu, April 24 2014, 11:17 AM
The city administration has signed an agreement with the Lampung administration to expand agribusiness in the neighboring province, which is among the main food suppliers to the capital.

Governor Joko “Jokowi” Widodo, accompanied by a number of high-ranking officials overseeing the economy and city-owned market operator PD Pasar Jaya executives, paid an official visit to Lampung on Wednesday.

The visit was a follow-up to a memorandum of understanding (MoU) that was signed by the two administrations in March.

During the one-day visit, Jokowi and his entourage inspected poultry and cattle farms and an agribusiness terminal in South Lampung regency and a slaughterhouse in Way Laga, Bandar Lampung.

Outgoing Lampung Governor Sjachroedin ZP lauded Jokowi’s commitment to work together in the sector, saying that the cooperation would benefit both sides.

“Such cooperation should be handled by the central government, but the two provinces took care of it instead. This cooperation is about how to complement and benefit each other. I appreciate the governor’s serious commitment to this cooperation,” he said.

Jokowi pointed out that Jakarta, home to over 10 million residents, had high demand, while Lampung had the capacity to meet the capital’s needs.

He added that the cooperation would boost Lampung’s local production to anticipate growing needs.

“Jakarta consumes up to 650,000 chickens a day or about 20 million chickens a month, while Lampung produces 13.5 million chickens a month. So there’s demand and supply. We are thinking about investing here so Lampung can boost production,” Jokowi said during a visit to the poultry farm, adding that produce also included vegetables, fruit and other staple foods.

“Don’t worry, Jakarta has the money,” Jokowi said.

 

Lampung Chicken Breeders Association chairman Agus Wahyudi said that 70 percent of Lampung’s chickens were distributed locally, while the remaining were sent to Jakarta.

“There are 2,000 chicken breeders in Lampung who are happy to boost production as long as there’s a guaranteed market,” Agus said at the poultry farm in Tegineneng, South Lampung.

 

Assistant to city secretary for the economy Hasan Basri said 95 percent of Jakarta’s staple foods were sourced from outside the city, with around 25 percent supplied by Lampung.

“Less than 75 percent is supplied by cities on Java island. The downside is that distribution is highly dependent on weather and infrastructure. This cooperation is aimed at ensuring supplies for Jakarta,” Hasan said.

He explained that the city had picked Lampung due to its strategic location.

“It’s the nearest region to Jakarta that has the capacity to meet the capital’s need for staple foods,” he said.

City-owned market operator PD Pasar Jaya, Hasan went on, will play a significant role in the cooperation.

“The cooperation will be overseen by PD Pasar Jaya and Lampung-owned firm PT Wahana Raharja. Pasar Jaya is expected to play a bigger role, not only by renting out kiosks to vendors but also by supplying produce to the vendors so that the city administration can control market prices,” Hasan said.

Jokowi emphasized that the two sides were currently preparing a business cooperation plan.

“We are calculating everything — demand, supply, prices and so on. After the calculations are completed we can talk about investment. Staple food prices in the capital will be lower and controllable because we will be cutting the distribution chain. We also expect to have buffer stock,” he said.

PD Pasar Jaya president director Djangga Lubis expressed the firm’s readiness to oversee the cooperation.

“We’re not going to compete with vendors; we will merely play the role of supplier to vendors. We are ready to work together with Wahana,” he said.

PD Pasar Jaya operates at least 170 traditional markets across the capital, which accommodates thousands of vendors.

 

Sumber: http://www.thejakartapost.com/news/2014/04/24/city-invest-lampung-secure-food-supplies.html

Aside

Indonesia Smartphone Sales Could Fall 50 Percent Under Tax Plan

  1.  The Indonesian representatives of Apple Inc, Samsung Electronics and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models.

 

The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah ($430), which would make Indonesia the most expensive country in Asia to buy an Apple iPhone 5s.

 

The tax would be part of efforts to protect domestic brands such as Evercoss Mobile Phone and MITO Mobile, and slow a surge in imports that has caused a deficit in the country’s current account.

 

The tax would likely be voted on after a new government takes office in October, officials said, and would follow similar action in the auto industry where this month the tax for some luxury cars rose to 125 percent from 75 percent.

 

“The purpose is to damp the influx of import products since domestic manufacturers only produce low-priced handphones,” Budi Darmadi, director general at the industry ministry, recently told Reuters.

 

The Indonesia Cellphone Association said the tax would be detrimental to the smartphone industry, which researcher IDC said was worth around $1.4 billion last year on shipments of 10.8 million units.

 

“If the government applies the smartphone tax … it will increase illegal phone sales in the black market and cut sales of legal phones by up to 50 percent due to the different prices,” association Chairman Hasan Aula told Reuters.

 

Aula is also vice president of mobile phone distributor PT Erajaya Swasembada.

 

PT Samsung Electronics Indonesia Vice President Lee Kang Hyun said the tax would make foreign investors rethink putting their money into Indonesia. He declined to say whether the tax would have an impact Samsung’s investment in the country.

 

Uncertainty surrounding the tax could delay the construction of a local factory by Taiwanese mobile component maker Hon Hai Precision Industry Co, industry officials said. A Hon Hai spokesman declined to comment.

 

Local manufacturer PT Aries Indo Global, however, said the tax could help it make 5 million Evercoss phones a month within the next few years compared with 1 million at present, said Aries Director Edward Sofinanda.

 

source: http://www.thejakartaglobe.com/business/indonesia-smartphone-sales-fall-50-pct-tax-plan/

we need deeper ties with Indonesia

INDONESIA looms as the most important strategic reality in Australian defence thinking. We forget that fact when relations between Canberra and Jakarta are broadly positive.

If Australia tries to make the boatpeople problem too central to good relations with Indonesia, then we could be confronted with a much more problematic relationship.

Tony Abbott’s top priority for his visit to Jakarta must be to avoid that outcome.

As the Prime Minister reads his briefing papers for this visit, we should hope that Abbott’s officials referred back to Paul Dibb’s 1986 review of defence capabilities. That study captured the essence of Australia’s long-term strategic interests with Indonesia: in defence terms, Indonesia is our most important neighbour.

The Indonesian archipelago forms a protective barrier to Australia’s northern approaches. We have a common interest in regional stability, free from interference by potentially hostile external powers.

At the same time, we must recognise that, because of its proximity, the archipelago to our north is the area from or through which a military threat to Australia could be posed most easily.

Economic realities have shifted significantly since 1986. In the early 1980s, Australia’s gross national product was only just being surpassed by the combined economies of the Association of Southeast Asian Nations.

By comparison, Indonesia’s economy this year is projected by the Department of Foreign Affairs and Trade to be bigger ($US1.31 trillion, or $1.4 trillion) than Australia’s ($US1.02 trillion) in purchasing power parity.

When Dibb wrote his review, Australia’s defence spending was greater than all ASEAN’s defence spending combined. Now, the core Southeast Asian countries comfortably outspend Australia on military forces.

Last year, Indonesia’s defence spending at $US7.74 billion was less than one-third of Australia’s at $US25bn, but the trend is inexorable. Indonesia’s growing economic weight will translate into much greater military power not too many years from now. The key point for Abbott is clear: Australia has no more compelling strategic interest than to ensure we stay close friends with Jakarta.

Australia’s should not be lulled by Indonesia’s quiet success story of the past decade. During that time the country has enjoyed solid economic growth, managed a remarkable transition to being a stable democracy and kept under control the potentially destabilising threat of jihadist terrorism.

President Susilo Bambang Yudhoyono has been strongly pro-Australian and acted in our interests to dampen occasional outbreaks of anti-Australian sentiment. These developments made it possible for Australia and Indonesia to build a positive bilateral relationship. But the reality is that there are lasting sources of friction between the two countries that must be managed carefully.

Negative stereotypes about the other exist in both countries. In the Lowy Institute poll this year of public opinion and foreign policy, Australians rated their “warmth” towards Indonesia at a distinctly cool 53 per cent, above Burma (50 per cent) but below Sri Lanka (54 per cent). Australia did a little better in poll of Indonesian sentiment last year, rating a “warmth” level of 62 per cent, up from 51 per cent in 2006. It will take sustained effort to shift these perceptions into more positive territory.

Papua remains a problem in Indonesian perceptions of Australia. There’s a view in Indonesian military circles that Canberra has a secret ambition to remove Papua from incorporation in the republic. That’s simply not the case as far as Australian government thinking is concerned. But there are clearly a number of non-government organisations and others who oppose incorporation and who will watch very carefully for signs of ill-treatment of Papuans.

Jihadi terrorism is a shared threat. The Bali bombings of 2002 and 2005 and the attack on the Australian embassy in 2004 remind us that there are people in Indonesia who seek to do us great harm. The two countries have drawn closer together in developing shared counter-terrorism strategies. However, while the threat has receded, it has not disappeared and it is essential to maintain police, legal and intelligence links with Indonesia to help prevent more attacks.

Abbott’s instinct to deepen economic and business links with Indonesia is correct. Australia has underinvested in Indonesia, and business has been too focused on short-term risks at the cost of long-term opportunities.

Closer business ties will put more ballast into relations and help to create lobbies in Canberra and Jakarta that call for the calm management of ties.

The Prime Minister should take the opportunity to broaden the conversation with the Indonesian President by stressing our shared strategic interests in bringing the two countries closer together. Indonesia will agree to work with us on the boatpeople issue if we put it in the wider context of shared approaches to maritime stability between the two countries.

To that end Abbott should put the offer of much deeper defence engagement on the table. He should discuss with Yudhoyono options to help equip the Indonesian navy with patrol vessels.

A creative approach to shared maritime surveillance also should treat Australia’s Cocos Island as a location from which joint operations could be launched, providing information to both countries about boat movements.

Peter Jennings is executive director of the Australian Strategic Policy Institute and blogs regularly at www.aspistrategist.org.au.

Indonesian presidential hopeful Jokowi leaps ahead in opinion polls

Already favourite to become Indonesia’s next president, Jakarta governor Joko Widodo’s popularity has surged since his candidacy for the July election was announced last month, according to the latest opinion polls.

Known locally as Jokowi, the Jakarta governor is widely regarded as a shoo-in for top job in the world’s third-largest democracy.

Support for Jokowi leapt to 45 percent after his party named him as its candidate, from 35 percent before, according to a survey released Wednesday by Roy Morgan International.

The survey showed support for rival Prabowo Subianto, a former general, holding at 15 percent, while tycoon Aburizal Bakrie trailed with 11 percent.

The “Jokowi factor” has also boosted ratings for his party, the opposition Indonesian Democratic Party (PDI-P) led by former president Megawati Sukarnoputri, as it campaigns for a parliamentary poll due on April 9.

By nominating Jokowi, Megawati appeared to set aside her own ambitions in order to improve her party’s chances of returning to power.

“As soon as his candidacy for the presidential race was announced, PDI-P’s fortunes jumped from 27 to 37 percent,” wrote Debnath Guharoy of Roy Morgan International. “The long race looks like it is well and truly over, even before it’s begun.”

Another survey released this week by the Center for Strategic and International Studies showed support for both Bakrie’s Golkar and Prabowo’s Gerindra parties dwindling to less than 20 percent.

Only parties that garner at least 25 percent of the national vote or 20 percent of seats in parliament can field candidates for the presidential election three months later.

In little over a year since becoming Jakarta’s governor, Jokowi has earned a reputation for clean and effective governance. Ordinary Indonesians, used to a sleepy bureacracy run by an entrenched and often corrupt elite, like the common touch Jokowi demonstrates with his almost daily visits to low-income neighborhoods in the capital.

 

source : http://www.reuters.com/article/2014/04/02/us-indonesia-survey-idUSBREA310WK20140402

Something we should or shouldn’t do and can or can’t do

LIBRARY :

  1. You are allowed to borrow some books from the library
  2. You are not allowed to eat in the library
  3. You are not supposed to laugh in the library
  4. You are supposed to go to the library every week

 

MUSEUM :

  1. You are not permitted damaging items contained in the museum
  2. You are permitted to read history in the museum
  3. You are not expected to eat at the museum
  4. You are expected to keep historical items

 

RESTOURANT

  1. You are allowed to eat in restorant
  2. You are not allowed to smoke in this restaurant
  3. You are supposed to eat while talking on the restaurant
  4.  You are not supposed to bring animals

 

TRAM

  1. You are permitted to play games in your handphone
  2. You are not permitted bring your animals
  3. You are expected to give your sit to elderly
  4. You are expected to give your sit to elderly

 

PARK

  1.  You are allowed to play in the park
  2.  You are not allowed to destroy the garden
  3. You are supposed to keep the park clean
  4. You are not supposed to pluck the flowers

Neraca

Neraca

Neraca adalah salah satu komponen laporan keuangan yang menggambarkan posisi keuangan suatu entitas pelaporan pada tanggal tertentu. Yang dimaksud dengan posisi keuangan adalah posisi aset, kewajiban, dan ekuitas dana. Aset adalah sumber daya yang dapat memberikan manfaat ekonomi dan/atau sosial yang dikuasai dan/atau dimiliki oleh pemerintah, dan dapat diukur dalam satuan uang. Sumber daya nonkeuangan yang diperlukan untuk penyediaan jasa bagi masyarakat umum dan sumber-sumber daya yang dipelihara karena alasan sejarah dan budaya juga termasuk dalam pengertian aset. Contoh aset antara lain kas, piutang, persediaan, dan bangunan.

Posisi Neraca Keuangan terdiri dari 2 pos meliputi Aktiva dan Pasiva. Pos aktiva terdiri dari satu kelompok akun yaitu harta dan pos pasiva terdiri dari 2 kelompok akun yaitu kewajiban dan modal. Pos pasiva khusus untuk sistem akuntansi otomatis, biasanya dicantumkan akun pembantu sementara dengan nama akun Historical Balancing berkelompok modal. Akun ini berperan sebagai akun penyeimbang sementara untuk mempermudah pengguna sistem akuntansi jika terdapat ketidak seimbangan neraca keuangan.

 

Dari 2 pos tersebut, kita bisa membuat rumus Neraca ini

Harta = Kewajiban + Modal

 

Sumber:

http://akunt.blogspot.com/2013/11/definisi-neraca-laporan-keuangan-arti.html

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