Phone sales steady up

Phone sales come from China are flooding the Indonesian market exploded unstoppable. Not only profit menangguk distributor, retail sales in mobile phone sales centers helped to harvest profits. In the last month, China mobile phone sales jumped by 100 percent. This is the latest picture of the impact of the implementation of China-ASEAN Free Trade Area (ACFTA) in Indonesia. Imposition of import duty to 0% for mobile phones, electronic products belonging, directly felt.

Consumers rush to buy cheap mobile phones manufactured in China mobile phone sales centers, such as Roxy region, ITC Cempaka Mas, and Mal Ambassador. Muslia, marketers at Loos in Roxy Cingular Wireless, states can now sell up to 10 units per day of China's mobile phone.

So did Ivan on Experience Phone Shop, ITC Cempaka Mas, was a generous provision with this level of society who are looking for mobile phones from China. Last month, Ivan sold about 200 units of mobile phones in China.

However, President Director of PT Metrotech Jaya Community Martono Jaya Kusuma, Nexian brand distributors, denied this sales spike because of ACFTA validity. Since the first phone is not affected Nexian duty. Sales increased dramatically because of the advanced features and an affordable price.

the central point of the world's gold

In the mining map of the world, South Sulawesi is the central point of the world's gold. The potential gold mine in South Sulawesi spread in several districts, namely Luwu, North Luwu, Palopo, Luwu Timur, Tanatoraja, Pangkep, Barru, Bone, Jeneponto, Takalar, Gowa, Maros, Selayar and Wajo, shall be maintained and monitored in order to be processed into industrial that promises a decent life for citizens in the area.

Only, to continued, for the use and management of natural resources has become the gold industry will be built a sizable investment, including the location design, field surveys, feasibility studies and others. Unfortunately, the gold content stored in the bowels of the earth as deep as approximately 200 meters are common in protected forest areas in these districts will be managed so that if it can collide with the agencies that deal with forestry.  Source: www.kompas[.]com

This still requires study or feasibility study and appraisal of the existing gold reserves ...

Capital unity `will take ages'

Indonesia has cast doubt on the viability of an integrated capital market among ASEAN member states by 2015, citing regulatory differences. 

Lack of a common regulatory framework shared between states was among the daunting factors dampening the realization of the plan, chairman of the capital market and financial institution supervisory agency (Bapepam-LK) Fuad Rahmany said during a seminar Tuesday.

He added there was so much to be done before being able to realize the dream of having a single integrated capital market in the ASEAN region by the 2015 deadline. 

"I don't know whether this can be achieved by 2015; we're still at the discussion stage," he said. 

He also said that among the obstacles was a way to synchronize the regulations that were issued by each member country. 

This included policies relating to taxation, investor protection and dispute settlements. 

Most ASEAN member states have inherited deep-rooted legal systems from their former colonial occupiers, making it difficult to adopt a single regulation to suit all needs. 

The Indonesian legal system, for instance, is heavily influenced by that of the Netherlands, while the legal systems of Singapore and Malaysia are closely linked to that on the United Kingdom, and the system in the Philippines resembles that in the United States. 

ASEAN has embarked on an ambitious plan to have an integrated capital market under its ASEAN Economic Community (AEC) blueprint. 

Under the single integrated capital market system, investors and companies in ASEAN countries can freely trade securities in any market at competitive costs. 

There will also be an ASEAN virtual bourse, known as the ASEAN linkage, which will act as a single stock market featuring the region's top 200 companies. 

The ASEAN linkage is scheduled for a launch next year. 

"It may not be realized. Harmonizing each of the members' regulations will take ages," Fuad said. 

However, he said Indonesia would remain committed to forming the capital market integration because such a system was deemed inevitable. 

"The globalized market is heading to a more integrated system. And as part of the community, we support it." 

Former Hong Kong Securities and Futures Commission chairman and chief adviser to the China Banking Regulatory Commission, Andrew Sheng, said the capital market integration should be prioritized during this time of crisis. 

He said ASEAN could use the moment to rise as a new power to possibly replace the Western market system, which was losing credibility. 

"By having a combined market force, we will have more liquidity and a bigger scale to be able to compete globally," he said.

By: Ika Krismantari , The Jakarta Post , Jakarta | Wed, 03/25/2009 1:09 PM | Business 

Jambi village set to trade in carbon credits

The forest near Guguk village, Sungai Manau district in Merangin regency, Jambi, has potential carbon reserves, according to a recent joint study by the Jambi office of the Indonesian Committee for Humanity Conservation Information Center (KKI Warsi) and the International Center for Research in Agroforestry (ICRAF). 

Jambi KKI Warsi executive director Rakhmad Hidayat said the method used to assess carbon reserves was called the rapid carbon stock assessment (Rasca). Based on the study, carbon reserves at the forest are estimated at 261.25 tons per hectare. 

"Guguk could reap an equivalent of Rp 19.8 billion at an exchange rate of Rp 11,000 to the dollar," he said. 

Guguk village stands to earn US$1.8 million annually just from selling carbon credits, with a ton of carbon trading for $10 and the forest area spanning 690 hectares. 

The carbon assessment scheme is crucial in determining the value received by the community, as it will serve as a comparable method developed by carbon brokers who still use obscure and unfamiliar methods that only certain parties can benefit from. 

"This is important to understand, because brokers also have various interests in the carbon credit transaction they deal in," he said. 

Awareness of the carbon credit assessment will enable the com-munity to ascertain the financial value they can receive, and the forest will not be regarded as merely a source of timber, thus preventing it from being exploited through deforestation. 

The appraisal is aimed at convincing stakeholders that by preserving the forest and not converting it into large-scale plantations or mining or forestry concessions, it could bring far more significant economic benefits and help prevent environmental damage. 

"Hence, it could bring much benefit to the people," Rakhmad said. 

The Guguk forest, mapped under Merangin regency Decree No. 287/2003, has so far been protected by the community because it is a source of clean water for residents. Geographically, the forest is also vital in preventing landslides and floods. It is also rich in biodiversity. 

Based on a study conducted by KKI Warsi Jambi, the forest is home to 89 bird species, 37 of which are protected, including the helmeted hornbill and great argus. 

It is also home to 22 mammal species, some of which are protected, including the Asian tapir and the sun bear, in addition to 84 tree species, such as the meranti, balam and marsawa, which can grow up to 55 centimeters in diameter. 

Rakhmad also called on the provincial administration to prepare regulations to protect the remaining forest that could potentially be used for carbon credits, prior to the commencement of the carbon trade. 

"Besides that, the administration must also support the authority of customary rights in the carbon trade scheme, and strengthen a people's institution that would serve as a beneficiary for the carbon trade later," he said.

Source: http://www.thejakartapost.com/news/2009/02/06/jambi-village-set-trade-carbon-credits.html

Dragon Oil is making the most of its robust cash position

Dragon Oil is an independent oil development and production company whose shares are traded under a dual primary listing on the Irish and London Stock Exchanges. Dragon Oil operates oilfields located in the Cheleken Contract Area Offshore Turkmenistan, in the Caspian Sea. Dragon Oil had proved and probable oil reserves at 30/06/08 of 644 million barrels (of which Dragon Oil’s share was 283 million barrels) and 3.4 trillion cuft of gas resources.

Dragon Oil is making the most of its robust cash position

by Fat Prophets

Back in July 2008 when oil was at US$147, the themes dominating the market were the burgeoning oil thirsty developing world, a dwindling US dollar, supply side disruptions and rising hostilities in the Middle East. As a result the share price of oil producer Dragon Oil (LSE, DGO) soared. Since then though, the fear of global recession of gargantuan proportions has played the primary role in steering the oil market as well as the company’s share price.

As for the recession that is currently gripping the Western world, US President Barack Obama US$825 billion’s fiscal package is one of several measures designed to drag the domestic economy up from the floor. With other governments to follow, there will be no quick fix. However when central banks are determined to spend their way out of a recession there is little that can stand in their way, eventually.

Whereas demand will take a little time to recover, the supply side problem of the equation is growing. Current price levels render many forms of oil extraction and many projects uneconomical whilst the credit crunch is affecting the ability of many companies to raise finance to fund projects.  
   
Meanwhile, OPEC Members seem to be abiding by their latest round of productions cuts and the US dollar looks like it may be running out of steam. We have stated on numerous occasions that in the US, a lack of fiscal restraint, loose monetary (interest rate) policy, ongoing trade deficits and a ballooning national debt have caused an increase in the supply of dollars now circulating through the global economy. The devaluing of the US dollar is something which is being engineered by US policy makers and when it arrives it will potentially inflate anything priced in dollars, oil included.

So for investors in Caspian Sea focused Dragon Oil, the future is bright, particularly given the Turkmenistan focused producer is laden with cash and has managed to increase output in 2008 and has its eyes on further gains in 2009.  

Despite the hysteria surrounding the world’s energy markets, Dragon announced a 28 percent increase in average daily production (41,000 barrels of oil per day) for 2008 when compared with 2007.  
Encouragingly, there is little sign of any let up as the group pursues a 15 percent increase for 2009. And given their track record to date, we have little doubt that the company will achieve their objective.

Meanwhile, any short comings in oil revenue will be offset by the commercialisation of Dragon’s vast gas resources (which amount to 3.4 trillion cubic feet) and a doubling in capital expenditure for 2008 (to US$600 million).  

The company is clearly making the most of its robust cash position (US$867 million in the bank compared to US$543 million from end of 2007) and is ramping up production when others are struggling to maintain their levels. In addition, management is keen to bolster the company’s portfolio whilst current bargains prevail.