Inflation 2008 at the Bottom 11 Percent If deflation occurred in December

Jakarta - The inflation rate for 2008 will be below 11 percent during December 2008 if deflation occurs. "I think the data show that deflation during December 2008 is not something impossible, so it's possible there could be annual inflation slightly below 11 percent," said Senior Deputy Governor of Bank Indonesia (BI), Miranda S. Goeltom in Jakarta, Wednesday.

BI based on data available, confident that inflation during December 2008 will be lower than that targeted by BI itself.

Central Statistics Agency (BPS) recorded an inflation rate of November 2008 was 0.12 percent, the rate of inflation for the calendar year in November 2008 was 11.10 percent, and annual inflation in November 2008 was 11.68 percent.During November, production and the provision of basic materials is adequate, there is no fluctuation of rice prices, migor and others.

November inflation is very low because, among other commodity prices down the world, such as migor the last three months continue to fall, so the need for CPO in the country, easily met.Until November, there also has not been the influence of imported inflation or inflation because of the decline of the rupiah against the U.S. dollar.

About the estimates of economic conditions during 2009, Miranda state, although there are estimated to decrease the economy during 2009, but the condition of Indonesia will be better than other countries."We see that our economy, despite the fall in 2009, but still far better than other countries," he said. About the decline in interest rates the Fed, Miranda said, the BI decision not to take anything for the To. "We must see, the space (a decrease in interest rates in Indonesia) would open, but we have not seen, has not taken any decision," he said.

Encouraged positive sentiment, stronger rupiah 50 Points

Jakarta - The exchange rate of rupiah in the inter-bank spot market Jakarta, Thursday morning, a stronger limaq points Rp10.900/11.050 per U.S. dollar compared to the previous closing day Rp10.950/11.050, because positive sentiment is still supporting the U.S. currency. Money market observer, Farial Anwar, in Jakarta, on Thursday said, the key factors that encourage stronger rupiah due to decline in the value of the U.S. dollar in global markets, after the Federal Reserve (the Fed) lowering interest rates almost a tribe of zero percent. The interest rate reductions The Fed is causing almost all major currencies appreciated, especially the euro against the U.S. dollar, he said.

Euro climbed to 1.4404 dollars from 1.4018 dollars late Tuesday. Increase the strong euro against the greenback since the currency was launched in January 1999. Euro also appreciated against the yen to be 126.02 yen from 124.74 yen. Dollar against the Japanese currency, trading at 87.95 yen from 88.98 yen previously. "The Fed policy lower the interest rates trigger ethnic market to buy another currency that result in negative impact on the movement of U.S. dollars," he said. He said that the release of U.S. dollars by the agency showed skepticism market flood the U.S. central bank can manage the risks facing. The amount of the increase in euro is also supported by the European central bank (ECB) which will maintain interest rates at the tribe 2.5 percent, he said.

According to Farial, rupiah likely to rise again, because the needs of the U.S. dollar towards the end of the year starts to wane. U.S. dollars by the market has anticipated since early this month and start decreased near the end of this month. Rupiah at the end of this week is estimated to be still below the levels ranged Rp11.000 per U.S. dollar, which indicates the market is still positive on the Indonesian currency, he said

Discount Failed to raise OPEC Production Rates

THOSE, THURSDAY - OPEC agreed on Wednesday (17/12), reducing daily production quota of 2.2 million barrel a cutting or the largest undertaken by this organization of oil exporters. Other oil producers, Russia and Azerbaijan, also announced the decision of cutting production quotas to hundreds of thousands barrel per day. "I expect OPEC cutting production cause surprises in the market," said OPEC President Chekib Khelil when asked by journalists in Algeria, is cutting production will toss the price of oil. "When cutting production is not a significant impact on oil prices, we (OPEC) need to review the cutting," he said.

However, the market is not impressed with the latest cutting production from OPEC. After cutting production quota was announced, the price of crude oil plunged into 40.20 U.S. dollars per barrel, the lowest value since the summer of 2004. This is clearly a reflection of investor concerns about the global economy, the crisis is feared drowned to time in the recession causing shocks on the demand of oil.

The fact worse OPEC faced after Moscow keep himself from the direct relationship of cooperation with the organization, which consists of 13 countries that. This attitude prevents Russia hopes to OPEC cutting production of coordinated steps that are expected to push up the price of crude oil. Russian Deputy Prime Minister Igor Sechin and Energy Minister Natik Aliev of Azerbaijan announced the cutting of production more than 600,000 barrel per day. The commitment of the two countries was only symbolic behave.

Russian state, can only cut production that is still far from expectations that OPEC after the state has underwritten the production since November. Meanwhile, Azerbaijan, explains, oil production has been reduced to third because of production problems experienced earlier this year.

Year Home Cutting 2.2 Million Barrel Work

ORAN ALJAZAIR, WEDNESDAY - The State Oil Organization (OPEC) on Wednesday (18/12) agree on cutting production of 2.2 million barrel per day (BPH), said OPEC President Chakib Khelil after the ministers meeting in Oran.

Answering cutting production, Khelil said, "That is 2.2 million."

An OPEC statement said, the reduction in production will be effective starting January 1 Noble 2009. Previously, in September and October, OPEC approved a reduction of production amounting to 2 million barrel per day.

"The Conference (OPEC) agreed to cut 4.2 million barrel per day production from OPEC's actual September 2008, 29,045 million barrel per day, effective 1 January 2009," said the statement.

Lorena "2 Airbus February 2009"

JAKARTA, WEDNESDAY - Lorena Airlines Airlines target to get armadanya February 2009. Two units of the type Airbus A320 has diincar a lessor from the original French. Vice President Production Lorena Air Suhadi said, he was positive the two units will rent aircraft from the aircraft lessor company, Waha, which is headquartered in France.

He explains, Lorena allowed to operate only two aircraft because the flight of business license (SIUP) are based on the rules of the older ministers relationship. "However, after that we will scale up to five new aircraft in accordance with the new rules, namely Decree No. 25 of the Ministry of 2008," said Suhadi at the sidelines of the Flight National Dialogue that was held by the Space magazine in Jakarta, Wednesday (17/12).About the length of the process of procuring the aircraft, Suhadi explained, although the current lease the aircraft more affordable, does not mean easy for new airlines established. Since the General AdamAir airlines, lessors increasingly difficult to give confidence to the new airline."If airlines are already seattle, the more easily they can be new aircraft. However, the lessors are still the aircraft difficult to lend to us a new start and not flying," he said.

Lorena is currently managing the flight operator certificate (AOC / Air Operator Certificate). Based on the Decree of the Minister 25 Year 2008, when up to 25 June 2009 the airline can not get the AOC, business licenses will be revoked by itself. "Therefore, we will strive so that aircraft can We immediately because of the deadline," said Suhadi

OPEC "Production Decline 2 Million Barrel"

THOSE, WEDNESDAY - Organization countries The Oil (OPEC) today, Wednesday (17/12), will announce a decrease in the cartel's daily production. According to OPEC officials Tuesday (16/12), production will be trimmed around two million barrel per day,

"Supply is still little more than the demand. Backup also still more than normal. To bring in the balance of which will be conducted in a decrease of around two million barrel," said Saudi Arabian Petroleum Minister Ali al-Nuaimi in Oran right to attend the meeting the level of OPEC ministers on Wednesday.

OPEC also requested the countries of non-OPEC to reduce production to 600,000 barrel per day. The ministers from OPEC has predicted production penurunanan agree to continue pushing the price of the exchange, recorded a sharp decrease since July because goyahnya global economy and declining demand for energy.Russia asks OPEC countries and oil producers are not OPEC members to help stabilize the market. But not yet clear if the decline of two million barrels as it delivered Nuaimi, including whether the decline in production by non-OPEC, or will be added, which will be a total decrease of 2.6 million barrel per day.

OPEC daily production quota is currently 27.3 million barrel per day. Secretary General of OPEC, Abdalla Salem El-Badri said Tuesday night, the cartel will be happy to see countries not members of OPEC also reduce their oil production between 500,000 to 600,000 barrel per day.
Some OPEC member countries is still very dependent on the export of oil, particularly Nigeria, Ecuador and Venezuela, who feel beaten in the economy because oil prices have fallen more than 70 percent from a record high above 147 U.S. dollars in July.

Meanwhile, OPEC president Chakib Khelil said the producer is "very pessimistic about the request" and that is where the cartel agreed to support the decline in production.

OPEC, which produces about 40 percent of global oil production, will also be working hard with crude oil reserves are high, which is owned by the consumer countries, where, according to Khelil currently amount to 57 days supply. "During the last five years the average is 52 days, so we have a five-day excess supply," he said. Tuesday OPEC depict excess supply as "a real challenge" for the oil market. "The development is not balanced in the oil market during the quarter baberapa future will be made more overhang in the high inventory, if the global recession worsened," he warned.