Finance Ministers of ASEAN Growth Area Estimate from 4.9 to 5.6 Percent

ASEAN finance ministers have agreed that Southeast Asia will grow up between 4.9 and 5.6 percent this year, from 1.5 percent last year. This was presented at the annual meeting of the 14th ASEAN Finance Minister under the leadership of Vietnam Finance Minister Vu Van Ninh. The ministers agreed that ASEAN has been growing well despite the global economic crisis that has never happened before. This reflects the dynamics in the region.

Conditions that attract and pro-business policies of each country become the economic cornerstone of ASEAN from the impact of external shocks and help attract investment back quickly, they said in a joint statement. They assess the progress of the commitment of ASEAN Economic Community (AEC) in 2015, including strengthening the financial system and achieve financial stability in the region, the entry into a swap facility of U.S. $ 120 billion under the Chiang Mai Initiative Multilateralisation (CMIM), establishment of regional surveillance unit CMIM early next year and the establishment of Credit and Investment Guarantee Facility (CGIF) in May this year to deepen the local currency bond markets in the region. The ministers reiterated their determination to work together to improve the competitiveness and depth of financial markets in ASEAN. They are committed to financial integration under the AEC Blueprint, especially in the field of capital market development, financial services liberalization and capital account liberalization. In order to improve global competitiveness, work is underway to create brand recognition for ASEAN products, raising the standard rules, building trust with the ASEAN and global standards through a regime of mutual recognition and facilitating the inflow of and access to outside markets.

"Aseanand Standard Plus" for multi-jurisdictional securities offerings have been adopted in Malaysia, Singapore and Thailand. The ministers also reached agreement on improving regional surveillance and financing infrastructure projects and the integration of customs and excise. They requested the Asian Development Bank, World Bank and International Monetary Fund to continue to support regional cooperation stronger through initiatives and commitments that will contribute to the recovery and growth are balanced.

Financial Benefits from Business

The primary function of a business varies according to the company or even in different points of view within the same company (eg, in terms of the shareholder, employee, union, management. ..). Among the various operational functions usually observed are:

• Serve the market, producing and distributing goods and services that meet a demand. It's only economic justification, no company can survive without making it his priority, unless protected and outside the scope of competition (eg for some utilities), which a purely economic standpoint, may lead to consume more resources than it does use.
• Make money, that is to say extract financial benefits "collecting more money than money invested, especially to attract institutional investors and small shareholders,
• Produce a cash surplus will be invested with a greater advantage in the development activities or other business (part of a "group").
• Maximize, status, social utility (to improve the situation of the company) or profit (difference between the sale price and the cost of resources consumed).
• Achieving a technical goal: making a book (tunnel, bridge, road ...), producing a manufactured product, the design and implementation of a satisfactory service to a client. The technical goal itself can be extremely varied and included the following:

No activities that are not, for the entrepreneur, the main issue, but a means to another activity: for example the possession of a press group, production of strategic resources or businesses vectors images (in the example of the presence of the tobacco industry of ready-to-wear)

• agricultural cooperatives are businesses that aim to make a profit not for themselves but for the cooperative members,
• enterprise integration" are able to make their employees to assume a "normal" work, without attempting in some cases (workshop site of insertion) to generate profit.

Financial Turmoil in the Emirate

Elsewhere in Europe were the important indicators about 2 percent return. Fund manager Corne van Zeijl of SNS Asset Management, said not very surprised about the developments in Dubai. The construction boom of recent years according to him was based on quicksand. You could feel it in your wooden shoes were a bubble''said Van Zeijl. Yet he said the price falls after the announcement of the dramatic situation''and''remarkable. When the news about the debt moratorium came out Wednesday, there were no worries on Wall Street.

Bank and insurer ING was a 6 percent depreciation of one of the worst affected in the stock market. The company said a''negligible''to have exposure to Dubai World The company has debentures of Dubai World holding. ING is also a consortium of banks have provided loans to the company. But ING''calls itself for that matter any of the smaller players''.

The dredgers Boskalis and Van Oord say not bothered by the financial turmoil in the emirate. Van Oord has contributed to the construction of several palm islands in the country. Boskalis was also active. Credit rating lowered Thursday for the evaluation of five state-owned Dubai. They worry about the financing of enterprises.

Sustainable Development is Threatened by the Expansion of Road

To realize the construction of toll roads, the Government is working with central government, the City Government of Bandung, and the provincial government of West Java. Planning construction of toll roads along the 10.57 km, be completed in 2012.

Agricultural land affected by land acquisition are in four districts. Such as. Kutawaringin, Margaasih, Katapang, and Soreang. All agricultural land is planned to be converted, have the same quality class, all good. But what can we do, it's the demands of progress, so it should be sacrificed in order to be a rapid development in the south.

Process of Land restitution that has paid by the governor trough the structured settlement scheme, even threatening the sustainability of the residents affected by urban development plan although structured settlements were arranged as in government green designs.

Average farm has twice the capacity of planting with an average productivity reached 6.2 tons per hectare. Thus, the potential loss of agricultural output due to transfer these functions to reach 992 tons per year.

Dubai World Crisis

The financial world has been shocked by Thursday's announcement by the Arab emirate of Dubai that the main investment vehicle of the government, Dubai World, temporarily waive the repayment of its debts. In Asia and Europe equity and bond prices down. Some rating agencies have published critical reports on state-owned Dubai World

Dubai after his creditors asked at least half years to renounce their claim of loans.

This so-called debt moratorium should apply until May 30 next year. With the building boom in recent years, Dubai's debts increased to around 80 billion U.S. dollars (53 billion euros). The stock markets in Europe lost considerable ground. In particular, banks were smashed because investors fear that they have money invested in projects in Dubai. The AEX in Amsterdam scored 2.3 percent lower at 310.86 points.