Metropolis Opinion

Indonesian Finance Minister, Madam Sri Mulyani said that Indonesian Gross Domestic Products is expected reaching around 5.275,9 billion IDR or raise upper 791.7 billion IDR of government forecast. She said, Government forecast is settled around 4.484,2 billion IDR. The condition might be happened or correlated with positive world economic growth, so we are attacked the positive impacts. ‘ Our forecast is 4.484,2 billion IDR but we sure, the realization higher, Mulyani said’. In consolidation meeting between her and budget committee in Jakarta, Mulyani also told about macro economic assumptions for next year programs.

Indonesian Finance Minister words that Gross Domestic Products in 2009 is calculated based on three points; First; based on internal finance department forecast, second, Indonesian Senate Forecast. Either Finance Department and Senate have the same forecast that 2009 Indonesian Gross Domestic Product is settled around 5.254,9 billion IDR to 5.309,6 billion IDR and the last is last update finance department forecast that Indonesian GDP can reach around 5.275.9 billion IDR. Full Article »

Till today, Metropolis Opinion has been writing many articles about macro economic to metropolis people. Macro Economics is good indicator for our daily life. Example if we know forecast and actual interest rate in the future, maybe we can plan our business well.

Many Lectures said that Macro Economic doesn’t landing to our daily activities; I mean macro economic talks too unreal and abstract. We want something real in our life; example how to plan and run a small business. How we plan our financial, manage a business ECT. Full Article »

I have been subscribing news letters from huge and top newspapers, Reuters my favorite, LA Times, my opinion came from, and New York my business idea came from. I try to out amazing news from them so you can read it easily.  Follow those link to go to the main source to read all news you want.

Today’s Headlines on Los Angeles Times

• New generation of L.A.-area Latino leaders aren’t as friendly toward ‘amigo stores’

By Hector Becerra

Cities like Baldwin Park are turning away from ethnic-oriented retail projects in favor of mainstream businesses. Starbucks is welcome.

• Account of cash for Olmert rivets Israel

By Richard Boudreaux

The testimony of a U.S. contributor that he gave the future premier cash increases the sense among Israelis that Olmert’s days are numbered.

• Supreme Court gives workers protection from retaliation

By David G. Savage

The justices rule that employees who say they were punished for complaining of bias can sue for damages.

• Senate Republicans block plan to improve medical care in California prisons

By Michael Rothfeld

Federal receiver could take $7 billion from state rather than borrow money if Republicans don’t change their minds.

• Lead exposure in children linked to violent crime

By Thomas H. Maugh II and Marla Cone

A study finds that even low levels can permanently damage the brain. The research also shows that exposure is a continuing problem despite efforts to minimize it.

• Tagger whose work allegedly appears on YouTube is arrested

By Andrew Blankstein

‘Buket’ is responsible for $150,000 in property damage in the L.A. area, authorities say.

Today Business on New York Times.Com

• Realtors Agree to Stop Blocking Web Listings

By THE ASSOCIATED PRESS

The agreement settles a Justice Department lawsuit against real estate agents who were accused of illegally blocking Internet-based brokers from accessing home listings. Full Article »

There are many tools to reduce the oil price impact. While oil price is running high, Indonesian Government decides to cut percentage of oil subsidy. The decision maker considers that our budget being attack by higher subsidy when oil price is still up.

There is only one way to solve this problem, cutting the subsidy on oil price. Many phenomena have been showing that in many place in Indonesia, oil is hard to get and in gas station (SPBU-Indonesian) premium is being scare.

Unfortunately, the subsidy is government shortcut to make the problem easier looking. Government lets citizens to take the obligation. Government said, we have no money to subsidy, we must stick together and obligate to responsible. Full Article »

We have good news from my Uncle Sam, America. Time lag had been working for 1 month, when LA Times sent me good news that Interest rate cutting by FED has show his magic. I think worldwide economic will be impacted and reaction to better condition. LA Times told on the report that credit problem return go nice.

What does it mean? When fall into Bad Credit, Number of dollar to payback their credit has arisen, now, people have ability to payback because of lower interest rate.

Understanding people must know that correlation between interest and ability to payback their credit or loan. Lower interest rate, makes people turn to invest their money or create a job. Lower interest rate also makes dollar to payback will lower than before. Full Article »

Before I continue my report (based on Reuters.com), I would like to tell that ConocoPhillips, is the third-largest U.S. oil company. When oil price is running up, as the producer we know well that ConocoPhillips get this opportunity to take profit. If the price of your goods you produce is running high as external reasons (not your internal reason, such as high salary, high input cost), you will take profit more, right. ConocoPhillips did it on First Quarterly Report.

Reuters said, ‘Oil prices have increased nearly six-fold since 2002 on surging demand from emerging economies, supply concerns and the weak dollar. They were at or near record levels for most of the first quarter and surged to a record of nearly $120 earlier this week.’

Last period, ConocoPhillips booked profit $3.55 billion, or $2.12 a share and current period, ConocoPhillips book $4.14 billion, or $2.62 a share.

Off course, High profit in current quarterly makes ConocoPhillips repair and increase their capital and planning their business in next quarterly. Internal staff said that second quarter will more difficult, because of others competitors in oil and gas company. They will battle with Russian Oil and Gas Company, Lukoil LMOH.MM and Shell. Full Article »