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Wednesday, July 25, 2007
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Rokhmin Tries to Drag in Freddy Numberi
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Rokhmin Dahuri, who was sentenced to seven years imprisonment yesterday (26/7), tried to drag along Maritime Affairs and Fisheries Minister, Freddy Numberi, in the case of non-budgetary funds. After hearing the verdict, he questioned the Corruption Eradication Commission who has not yet examined Freddy Number—who replaced him as minister.
Rokhmin said Freddy also used the same non-budgetary funds for personal interest. “If Pak Freddy said he didn't know, so do I,” he said.
The Corruption Criminal Acts panel of judges sentenced Rokhmin Dahuri to seven years imprisonment in the case of collecting non-budgetary funds in the Fishery Department. The former minister was also fined Rp200 million, with a secondary sentence of six months of detention.
“The defendant was found having committed a corruption criminal act,” said the chairman of the panel of judges, Mansyurdin Chaniago. The verdict was one year more when compared to the prosecutor's charge. The verdict was also heavier compared to the verdict on former Fisheries Department Secretary General, Andin H. Taryoto, for the same case, that was 18 months imprisonment.
Earlier, Rokhmin also accused the Corruption Eradication Commission (KPK) as discriminating for not arresting Freddy. According to Rokhmin, Freddy used more non-budgetary funds than he, for example for the trip to Rome and house renovation.
KPK Deputy Chairman, Tumpak Hatorangan Panggabean, denied that he had acted discriminatingly. He stressed that the Commission already planned to summon Freddy Numberi in order to develop this case.
Freddy also disputed Rohmin's accusation. He acknowledged he had never ordered the fund collecting. “I was the one who stopped and re-arranged it,” he told Tempo some time ago. He also acknowledged that up to 2006, the fund collection was still going on. Therefore, “to cut the fund chain, I went through all my staff. I replaced the guilty ones.” (Koran Tempo, July 13).
Yesterday, Rokhmin asked for an appeal for the verdict that he called strange.
_____
tempo
Labels: Crime, Internet News, Money, People
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posted by ojack_djakarta
1:03 PM
 
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Tuesday, July 10, 2007
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BI: No Need to Worry about Economic Crisis
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Bank Indonesia (BI) has stated that market players and the public should not worry about a potential second economic crisis spread by a number of world economic institutions.
“Now domestic economic conditions are fully under control,” said Burhanuddin Abdullah, BI Governor, in Jakarta last week.
“Even the position until midyear is still in surplus, so it can still be contractive,” he said.
The Government's Report on the First 2007 State Budget Implementation says that up to mid-June, there has been Rp23.6 trillion budget surplus or a rise of Rp9.7 trillion compared to the same period's surplus last year.
According to Burhanuddin, Indonesia's payment balance (NPI) surplus of US$3.7 billion in June, higher than the initial estimation of US$1.1 billion, also supports economic stability.
The payment balance surplus was not gained at the time before the 1997 economic crisis.
Then, NPI was in continuous deficit.
“Our NPI surplus only happened in 1952 during Korean war
and the 1974 oil boom,” said Burhanuddin.
The last factor, he said, was the economic institutional condition which is also stronger.
Based on BI's monitoring, the banking sector, which used to be a problem, in fact grew stronger.
“So there's nothing to worry about,” said Burhanuddin.
Last week, several institutions warned about the possibility of an economic crisis.
The World Bank, for instance, warned Indonesia about soaring hot money (short-term capital flow) to capital markets.
The flood of foreign capital coming into developing countries' markets and slight differences between domestic interest and international market interests can be very risky.
The Asian Development Bank has suggested Asian countries stay alert about a potential economic crisis like what happened ten years ago.
_____
tempo
Labels: Bank, Economy, Indonesia, Internet News, Money
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posted by ojack_djakarta
5:26 PM
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Friday, June 15, 2007
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DPR Asked to Evaluate Tangguh Gas Price
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The House of representatives (DPR) has been asked to form a special team to investigate the liquefied natural gas (LNG) sales contract from Tangguh gas field in Papua.
The price of Tangguh gas overseas is regarded as cheaper compared to that of domestic gas sales.
Effendi Situmorang, an oil industry observer, said that the team was aimed at researching and probing the contract and sales price of Tangguh gas.
The special team, he said, comprises DPR members, government officials and the Supreme Audit Agency (BPK).
“The purpose of forming the team is to take responsibility as regards whether the 20-year gas sales contract will result in benefit or loss for the state,” he told Tempo yesterday (13/6).
According to Effendi, the Tangguh gas sales price, US$3.5 per mmBtu on average, is the lowest price in the history of Indonesia's LNG sales.
“LNG price from Tangguh is lower than gas price in domestic market, which is above US$4 per mmBtu on average,” said the former Pertamina's Director of Production Sharing Management (now the Upstream Oil and Gas Executing Body or BPH Migas).
He explained that now the State Electricity Company's (PLN) power plants buy gas at prices above US$4 per mmBtu on average.
Moreover, Tangguh gas sales price can cause price discrimination in LNG from Arun gas field in Aceh and Badak gas field in East Kalimantan.
“Up to now Japan buys LNG from Indonesia at between US$7 and US$8 per mmBtu on average,” said Effendi.
Purnomo Yusgiantoro, Energy and Mineral Resources Minister, disagreed that Tangguh gas sales price was too cheap.
His reason was that the US$3.5 per mmBtu price is the export price (free on board).
“When the goods reach the destination, the price can reach US$7 to US$9,” he told Nieke Indrietta from Tempo.
Purnomo went on to say that around 50 percent of Tangguh's LNG for Sempra is also transferred to other contract to gain a better price.
_____
sourceLabels: Indonesia, Internet News, Money
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posted by ojack_djakarta
12:45 PM
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Humpuss To Issue US$400 Million In Bonds
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PT Humpuss Intermoda Transportasi Tbk. plans to issue bonds worth US$400 million to purchase five ships this year. Earlier, this company that runs a sea transportation business planned to obtain a banking loan to fund its expansion.
Agus Darjanto, President Director of Humpuss Intermoda, said that based on analysis the company has carried out, it had been decided not to obtain a banking loan.
“If we borrow from banks, there is little ‘room to move,’ despite us needing a large amount,” he said after holding a press conference following Annual and Extraordinary General Meetings of Shareholders in Jakarta yesterday (13/6).
Agus said the bonds that will be issued comprise of senior debt amounting to US$350 million with eight year period and junior debt of US$50 million with five year period.
The funds will be the sources of the company's expenditure up until to 2010.
He went on to say that after purchasing the new ships, the company plans to continue securing the company's assets in order to look for new loans.
The funds, said Agus, will be used for refinancing all the company's debts, including bond obligations.
Humpuss has allocated US$159.6 million (around Rp1.4 trillion) to purchase five new ships.
According to Agus, the five ships consist of Panamax ships and chemical tank ships.
As regards Panamax, those we are aiming at are that like the ships of Malaysia, Thailand, Japan and Korea,” he said.
In terms of chemical tank ships, the targets are 13,000 dead weight tons (DWT) ships.
The purpose is to meet the international market segment.
Earlier, Sapto Basuki, Humpuss Intermoda's Corporate Secretary, said that some of the funds for purchasing will be gained from the sales of two oil tank ships whose contract terms have ended and are worth US$36 million (Rp316 billion).
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sourceLabels: Bank, Internet News, Money
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posted by ojack_djakarta
12:38 PM
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Friday, June 08, 2007
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BI Rate Down by 25 Base Points
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At a meeting of the Bank Indonesia (BI) Governors Board on Thursday (7/6), it was decided to lower the BI rate once again, this time by 25 base points to 8.50 percent from the previous 8.75 percent.
Budi Mulya, BI's Director of Strategic Planning and Public Relations, said that the lowering of the BI rate was based on consideration of the prospects of this year's inflation target of six plus-minus one percent and next year's five plus-minus one percent.
“The decrease was also following our in depth study of the latest economic and financial developments,” he said in Jakarta.
He went on to say that in general, the economy will still continue with a more balanced pattern.
This is reflected in the economic growth target of 5.7 percent, higher than BI's initial projection.
In addition, the Rupiah exchange rate in May also strengthened from an average Rp9.093 against the US dollar in April to Rp8.838 against the US dollar in May, 2007.
“May's inflation was also still maintained.”
Core inflation was recorded at 5.62 percent year on year, the lowest rate in the last six years.
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sourceLabels: Economy, Indonesia, Internet News, Money
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posted by ojack_djakarta
1:51 PM
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Tuesday, May 29, 2007
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Malaysia & Indonesia Build Oil Pipeline
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Companies from Malaysia, Indonesia and Saudi Arabia signed an oil pipeline building contract worth US$7 billion or around Rp61.6 trillion in Malaysia for a seven year period, yesterday (28/5).
Malaysian Prime Minister, Abdullah Ahmad Baadawi, witnessed the signing of the contract along with Indonesian President Susilo Bambang Yudhoyono during the Islamic World’s Economic Forum in Kuala Lumpur.
The pipeline that crosses northern Malaysia will avoid the Malacca Straits and Singapore, the regular path of crude oil shipment from the Middle East to East Asia. The pipeline is able to pump two million barrels of oil a day and it is estimated that it will divert around 20 percent of the oil supply from the Malacca Straits.
Trans-Peninsula Petroleum Sdn. from Malaysia, the project owner, collaborated with Ranhill Engineers and Construction Sdn. from Malaysia and PT Tripatra from Indonesia in building this pipeline network.
Trans-Peninsula will also draw up a Memorandum of Understanding (MoU) with Bakrie and Brothers from Indonesia to provide the pipeline and with Al-Banader International Group from Saudi Arabia to procure the oil.
With the new pipeline network, crude oil shipped from the Middle East will be refined in the Kedah Southwest coast and be pumped along 300 kilometers to Kelantan in the Malaysian East coast. The oil can then be shipped by tanker ship to Japan, China and South Korea.
The pipeline construction will start next year. “This isn’t a political project, but rather commercial,” said Rahim Kamil Sulaiman, Chairman of Trans-Peninsula.
Half of the world’s oil shipment is now via the Malacca Strait. The strait, 960 kilometers long, becomes the busiest sea path that connects the Indian Ocean with the South China Sea.
Labels: Indonesia, Internet News, Money
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posted by ojack_djakarta
4:57 PM
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Thursday, May 24, 2007
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World Bank Supports Freedom of Information Bill
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The public being ably to access easily information from governmental institutions is considered as one of the important factors in advancing corruption eradication.
This was conveyed by World Bank communication officer, Ahmad Sukarsono.
“Indonesia already has good instruments for corruption eradication, but without public open access, i believe corruption eradication will be more difficult,” said Ahmad during the Workshop of Access to Obtain Information and Good Governance in Indonesia at Le Meridien Hotel, Jakarta, Tuesday (22/5).
According to Ahmad, the Freedom to Obtain Public Information (KMIP) Bill which is being discussed by the House of Representatives (DPR) will be the oxygen for corruption cases in Indonesia.
World Bank as a financial organization which often provides loans, supports this KMIP Bill being passed.
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source
Labels: Internet News, Money
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posted by ojack_djakarta
11:53 AM
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Wednesday, May 23, 2007
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Medicine Prices in Indonesia Extremely High
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The public buys medicine with a price that is actually higher than the standard price. This fact is rarely realized because the medicines are needed and the consumers are not given an option to use other medicines.
“Patients are often deceived,” said the Head of Indonesian Health Consumers Empowerment Foundation, Marius Widjajarta, in Jakarta yesterday (21/5).
According to Marius, the foundation he is leading has carried out a survey in 25 hospitals in Indonesia. The result is the costs expended by patients for medical devices and medicines reach 60 to 70 percent of the total cost. “This isn't natural. Patients should only spend 30 percent of the total cost for buying medicines,” he said.
Marius assumed that the ruse against patients is practiced by pharmaceutical companies and doctors who give the prescription. Pharmaceutical companies set a high price for medicines they produce. “The difference can be 200 percent of the generic medicines price,” he said.
It is very rare that patients refuse a prescription given by a doctor. In the meantime, doctors have a motive that patients buy the medicines they recommend. “Pharmaceutical companies give commissions to doctors. The commission is a reward as the doctors prescribe the medicines they produce,” said Marius.
This sham actually does not have to happen if the government's role in monitoring the labeling of medicines runs well. The government must also issue a regulation to determine the price of branded medicines.
Director General of Pharmaceutical Service and Medical Device Improvement at the Health Department, Richard Panjaitan, said that the government does not have the authority to determine the prices of branded medicines.
The government is only authorized to determine the prices of generic medicines to be consumed by the public. “For determining medicine’s price, a law is necessary. Now the draft is being composed by us,” he said.
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sourceLabels: Health, Internet News, Money
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posted by ojack_djakarta
9:42 AM
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Friday, May 18, 2007
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Some State Officials Do Not Pay Tax
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The Tax Directorate General revealed several names of state officials who have not paid tax or submitted the Yearly Information (SPT) of Tax. “They also don't have a personal tax number (NPWP),” Tax Director General Darmin Nasution told reporters in Jakarta, yesterday (14/5).
Although he has pocketed the names, he refused to explain the identities of state officials who did not pay tax. He was also reluctant to give the details of institutions or departments of the officials who did not report their tax obligation by the Tax SPT because he will first report the cases to President Susilo Bambang Yudhoyono.
Regarding the names of civil officials of echelon IV up to I who neither have NPWP nor submitted Tax SPT, they will be reported to the respective ministry or state institutions. “This is a part of tax intensification to optimize the state revenue,” he said.
A House member, Andi Rahmat, said that the signals of state officials not paying tax have already been there a long time and this could happen. However, there is a possibility that the officials did not intend to break the law or avoid the obligation to pay tax.
The State officials generally have NPWPs. The problem is, he said, they are not accustomd to filling out Tax SPT. “Perhaps many ministers don't know how to fill out Tax SPT,” he said while mentioning that he already filled out his Tax SPT.
Therefore, he said that the Tax Directorate General must intensify the campaign of self assessment of tax much more. “Everybody must have an NPWP, especially those whose income exceeds the income that is tax-free,” he said.
He was sorry that Indonesia does not have a solid system yet like European countries which already implemented NPWP ownership. “In Europe, even people who want to make a call must show his or her NPWP, so they comply with the tax system,” he said.
He still supports the publication of the tax embezzlers. “The Tax Directorate General's findings must be revealed soon so that people feel the obligation to pay tax.”
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source
Labels: Internet News, Money, Tax
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posted by ojack_djakarta
8:18 AM
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Friday, May 11, 2007
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11 Japan Loan Bank Projects Delayed
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The National Development Planning Agency (Bappenas) has discovered that the realization of 11 infrastructure projects funded with loans from the Japan Bank for International Cooperation has been delayed.
“The delayed projects belong to the Public Works Department, the Transportation Department, Cipta Karya and Bina Marga,” Benedictus Benny Setiawan, Director of Development Funding Monitoring and Evaluation told Tempo at his office, Jakarta, yesterday (9/5).
Benny explained that the projects were delayed because of land acquisition and project procurement.
Four projects were delayed because of land acquisition problem, Batanghari Irrigation; North Java Corridor Flyover, Tanjung Priok Access Road and Double Double-Track.
The projects which were delayed by procurement are Lower Solo River Improvement, Komering Irrigation Project, PTSL for Water Resources Development and the Railway Electrification and Double Double-Track.
The projects' procurement was hampered due to land acquisition.
The Dumai Port project was delayed by the Indonesian Military (TNI) Navy’s quay demolition.
The problem was settled in the end of 2006, but the process must be accelerated because it is likely to not to be completed on schedule.
The Maritime Education and Training Improvement project is also not in accordance with schedule due to design alterations.
The constraints resulted in the absorption of loans being low.
Benny said that not all of the loans from the Japan Bank were absorbed.
The US$5.95 billion in loans from the Japan Bank is equivalent to 40.8 percent of the total foreign loans for infrastructure projects.
Funds from Japan Bank are allocated for 51 projects.
The delay in projects and fund absorption did not make the government pay commitment fee to Japan Bank.
However, infrastructure facilities cannot be enjoyed soon by the general public and economic costs have occurred.
“Roads were ruined due to high transportation cost,s so goods' prices are also high,” said Benny.
__________
tempo
Labels: Bank, Internet News, Loan, Money, Tax
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posted by ojack_djakarta
1:46 PM
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Thursday, May 10, 2007
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Minimum 10 Percent Investment Growth Required
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The government needs investment growth to be 10 percent in order to catch up with the targeted non-oil and gas export growth of 14.5 percent.
Last year, investment growth was only three percent.
Mari Elka Pangestu, Trade Minister, said that investment growth was required in order to increase export growth.
“This year investment growth must be 10 percent, up from last year's three percent,” she said, on Monday (7/5).
She went on to say that the competitiveness of export products in the world market no longer faces the matter of lowest production cost anymore.
“But how to deliver goods quickly and at a low distribution cost,” said Mari.
In order to support investment and export growth, she said the government will prioritize the state budget for building infrastructure.
“Inefficient transportation and logistics are problems that must be solved,” she said Mari.
Muhammad S. Hidayat, Chairman if the Indonesian Chamber of Commerce and Industry (Kadin), acknowledged he was pessimistic about the target set by the government last week.
At that time, the Coordinating Minister for the Economy said that investment amounting to Rp1,180 trillion was needed to reach the economic growth target of 6.8 percent by 2008.
It is expected that most of the investment will come from the private sector because the government can only provide around Rp141 trillion.
“With such target, we can no longer do business as usual. The government must do concrete policies in order to improve investment climate,” Hidayat told Tempo.
According to him, without concrete policies, such as government regulations, presidential regulations,
ministerial regulations or other regulations which separate the authority between central and regional governments, the investment target will not be met.
__________
tempo
Labels: Indonesia, Internet News, Money
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posted by ojack_djakarta
7:57 AM
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Tuesday, May 08, 2007
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BI to Maintain Rupiah's Volatility at Two Percent
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Bank Indonesia (BI) will maintain the volatility level of the Rupiah's exchange rate against the United States Dollar at two percent.
According to Burhanuddin Abdullah, BI Governor, the two percent volatility level is still safe.
“It's still stable,” he said in Jakarta last week.
The central bank, said Burhanuddin, will continue maintaining and monitoring the Rupiah's volatility at an appropriate level.
“If it's strengthens, then it strengthens. And vice versa,” he said.
Last week, the Rupiah managed to break through the level of below Rp9,000 per US Dollar, but was still moving at a level of between Rp8,972 and Rp9,080 against the US Dollar.
According to Burhanuddin, the Rupiah's exchange rate still moved at a level appropriate with the central bank's estimation.
He is also optimistic that the current Rupiah exchange rate is still safe for entrepreneurs.
“This level is still good for exports and imports,” said Burhanuddin.
__________
tempo
Labels: Internet News, Money, Tax
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posted by ojack_djakarta
8:15 AM
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Monday, May 07, 2007
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Government Orders Lapindo to Pay Compensation Quickly
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The government ordered PT Minarak Lapindo Jaya to pay compensation to locals starting this Monday. This was included in the points of agreement resulting from the dialog between the government, hot mudflow victims and Lapindo, Wednesday (2/5).
The dialog that went on from 3pm to 9.30pm was attended by the government – comprising the Sidoarjo Mudflow Handling Agency and the National Land Agency- PT Minarak Lapindo Jaya; Head of Sidoarjo Regional Representatives Council (DPRD); Porong District Chief, Tanggulanging District Chief also representatives from four villages – Jatirejo, Renikenongo, Kedungbendo and Siring.
“Compensation must be paid as soon as everything has passed the verification of notary or officials empowered to draw up land deeds (PPATK),” said Head of the Sidoarjo Mud Handling Agency Advisory Board Chairman, Bachtiar Chamsyah, during a press conference after the tripartite negotiation, at the Social Affairs Department, Jakarta, Wednesday.
In addition, the agreement says if a resident does not have the building permit (IMB), the building width will be based on the Sepuluh Nopember Technology Institute, Surabaya's (ITS) data. Then, if the ITS data is lacking, the building width will be based on the letter of resident's statement legalized by the government based on the Government Regulation No. 14/2007.
Sidoarjo DPRD Chairman, Arly Fauzi, acknowledged he was not satisfied with the agreement. This is because there has not yet clarity about the definition of 'certificate legalization by the government.'
One of the residents' representatives, Khairul Huda, also said he was dissatisfied with the agreement.
__________
tempo
Labels: Indonesia, Internet News, Money, People, Politics
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posted by ojack_djakarta
7:53 AM
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Friday, May 04, 2007
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BI Governor: Trend of Fund Placement in SBIs Lower
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Bank Indonesia (BI) is optimistic that the general public's fund placement in the form of BI Certificates (SBIs) will continue decreasing in line with the start of bank credit distribution activation.
In the last two auctions, the number of fund placement in SBIs went down to Rp16 trillion.
“Now the (SBI) trend is between leveling off (stagnant) and lowering. That's good news,” said BI Governor Burhanuddin Abdullah in Jakarta yesterday (2/5).
He acknowledged that banks' credit distribution was still slow and under the central bank's target.
However, there are still indications that bank's credit distribution is already in process so it can have positive effects on the national's economy.
Up to last March, the general public's funds, especially banks, saved in SBI reached Rp272 trillion.
However, he is optimistic that SBI amount by the end of the year will be much lower compared to now.
“Hopefully it can be under Rp200 trillion,” he said.
Regarding the possibility that BI changes minimum reserves like what China's central bank did, he said currently it will not be carried out because tightening the minimum reserves will influence banking stability.
BI, according to him, prefers using indirect approaches, such as interest rate.
“Through an open market or sometimes a combination,” he said.
Sukatmo Padmosukarso, PT Bank Internasional Indonesia's Director, predicted that fund placement at SBIs will go down significantly in this year's second semester.
“In the second quarter of this year it is beginning to go down. It'll be much more in the second semester,” he told Tempo in Jakarta yesterday.
__________
tempo
Labels: Internet News, Money
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posted by ojack_djakarta
8:21 AM
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Wednesday, May 02, 2007
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Advertisement Regulation Violators Threatened with Multiple Sanctions
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The Information and Communication Minister Regulation on the Domestic Resources Usage for Advertisement Products Broadcast by Broadcasting Institution, is effective starting yesterday (1/5).
People who violate this new regulation are threatened with multiple sanctions.
Sofyan Djalil, Information and Communication Minister, said the regulation was issued in order to advance the domestic industry's and resources competitive power in broadcasting.
The regulation is in fact already included in the Article 46 Point 11 of the Decree No. 32/2006 on Broadcasting.
Unfortunately, the law does not explain in details about the definition of domestic resources.
As a result, a large number of advertising groups violated the law.
“In practice it’s extremely free,” said Sofyan in Jakarta yesterday (1/5).
According to Emmy Yuhasari, a member of Information and Communication Minister's expert staff, the use of local resources in the law is arranged from the process of production to post-production.
From the aspect of acting, the provision is effective for models, actors, supporting-actors, directors, creative directors, photography directors, lighting directors, production officers, camera persons, audio operators, production assistants, back sound operators and tele-cinema operators.
It is the same with on-line editors, off-line editors, effect editors, graphic artists, animation artists, musicians, music arrangers, effect persons, recording operators, technical advisers, stunt and audio as also visual 3-D special effect editors.
In the implementation, said Emmy, every advertising agency must sign a letter of statement that the advertisement has fulfilled the requirements.
The letter must be handed to television stations.
If anyone is found to have violated the requirements, Emmy said the government will impose multiple sanctions.
First, administrative sanctions that forbids broadcasting of the advertisement on television and radio station.
The agency will be charged under the falsehood article of the Criminal Code.
__________
tempo
Labels: Internet News, Money
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posted by ojack_djakarta
6:48 PM
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Tuesday, May 01, 2007
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JSX and SSX Merger to be Completed Early October
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The merger between the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) will be legally set up in early October.
Managing Director of JSX Erry Firmansyah has said that requests over shareholders' agreements will be completed by the third week of September.
“The process of legal, financial and human resource consultation are in progress,” he said in Jakarta last week.
Erry said that the decisions regarding human resources matters will be taken early next week.
“However, I hope that by January 1, 2008 a new structure and composition already exist,” he said.
After the merger, the company's name will still be JSX.
According to Erry, investors, especially foreigners, hoped that there would be no name change.
__________
tempoLabels: Internet News, Money
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posted by ojack_djakarta
7:31 AM
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Friday, April 27, 2007
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Qatar Islamic Bank Applies to BI for Business License
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The Qatar Islamic Bank has already applied for permission to establish a new Syariah bank in Indonesia. “We have asked them (the Qatar Islamic Bank) to complete the requirements first,” said Siti Fadriyah, Bank Indonesia (BI) Deputy Governor, after the “What we should learn from Shari’ah Economics” discussion in Jakarta. However, Siti did not want to say when the permit will be issued by BI. “We’re waiting for the requirements to be completed,” she said briefly. In accordance with current provisions, the central bank will issue the permit in the form of business or principal license 30 days after the requirements are completed. BI has also asked the Qatar Islamic Bank to establish a limited company in Indonesia. This is one of the requirements for establishing a new bank.
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Tempo
Labels: Business, Internet News, Money
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posted by ojack_djakarta
12:31 PM
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Tuesday, April 10, 2007
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Make Money Fast With Google Adwords
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Do you want to make money fast? In this article we are going to
talk about one of the fastest ways to make money online. Making
money fast is not only possible there are people doing it
everyday thanks to Google Adwords.
Google Adwords are designed so you can reach the targeted market
of people looking for your product. It's easy to set up your ads
and you control the amount of money you want to spend on a daily
basis. What makes GoogleAds a way to make money fast is that you
can see your ads online in just minutes of creating them. It
only costs $5 to set up your account and there is no spending
limit so this is a great way for anyone to get started making
money online right away.
Google offers some great tools to track the success of your
marketing campaign. They provide you with cost estimations and
tools to help you control the price of your ads. They are very
interested in your your success and seeing you attract qualified
prospects in the most cost effective way possible. This is the
backbone of the success of Google Ads. It works because the
keywords you choose to advertise under bring up search results
that match what your prospect is looking for therefore
increasing your chances for a sale.
Here are some of the most common terms you'll see as you get
started:
Keyword - The keywords you choose for a given Ad Group are used
to target your ads to potential customers.
Campaign - A campaign consists of one or more Ad Groups. The ads
in a given campaign share the same daily budget, language and
country targeting, end dates, and distribution options.
Ad Group - An Ad Group contains one or more ads targeting one
set of keywords. You set the maximum price you want to pay for
an Ad Group keyword list or for individual keywords within the
Ad Group.
Impression (Impr.) - The number of impressions is the number of
times an ad is displayed on Google or the Google Network.
Keyword Matching Options - There are four types of keyword
matching: broad matching, exact matching, phrase matching, and
negative keywords. These options help you refine your ad
targeting on Google search pages.
Maximum cost-per-click (CPC) - With keyword-targeted ad
campaigns, you choose the maximum cost-per-click (Max CPC) you
are willing to pay. Our AdWords Discounter automatically reduces
this amount so that the actual CPC you are charged is just one
cent more than the minimum necessary to keep your position on
the page.
Maximum cost-per-impression (CPM) - With site-targeted ad
campaigns, you choose the maximum cost per thousand impressions
(Max CPM) you are willing to pay. As with Max CPC, the AdWords
Discounter automatically reduces this amount so that the actual
CPM you are charged is the minimum necessary to keep your
position on the page.
The fastest way to make money is to start a Google Adwords
campaign in the next 15 minutes. Other people are doing it. Why
not you? Google has a great sign up demo that you can view here.
https://adwords.google.com/select/
An excellent book on making money fast with Google Ads is Google
Cash by Chris Carpenter. This book includes 20 online videos
that will take you step by step on making money online with
Google. It includes tips on writing your ads and several bonuses
you can get with instant access by downloading it in eBook form
immediately after you purchase it here:
http://www.team-schuman.com/googleadwords
The internet offers many ways to make money fast. The nice thing
about Google Adwords you can be advertising online with the most
used search engine in minutes at a price you can afford. This
truely allows you to make money fast and you can do it over and
over with as many products as you want.
A program that is excellent to build a Google Ads campaing
around is the Plugin Profit Site.
The Plugin Profit Site will give you your own website,
newsletter, follow-up training, and an easy way to get started
in 3 steps for less than $100.
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
About the author:
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posted by ojack_djakarta
3:58 PM
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Gostei muito desse post e seu blog é muito interessante, vou passar por aqui sempre =) Depois dá uma passada lá no meu site, que é sobre o CresceNet, espero que goste. O endereço dele é http://www.provedorcrescenet.com . Um abraço.