"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

The headquarters of the Corruption Eradication Commission (KPK) in 
Jakarta. (BeritaSatu Photo)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …


Friday, October 02, 2015

Palestinian flag flies at UN for first time

Yahoo – AFP, Cecile Feuillatre, 30 Sep 2015

Palestinian president Mahmud Abbas kisses the Palestinian flag as Secretary 
General Ban Ki-moon looks during the flag raising ceremony on September 30, 
2015 at the UN in New York (AFP Photo/Timothy A. Clary)

United Nations (United States) (AFP) - The Palestinians raised their flag at the United Nations on Wednesday for the first time as president Mahmud Abbas called on the world body to grant them full membership.

UN Secretary-General Ban Ki-moon and Abbas presided over the packed ceremony in the rose garden after the Palestinian leader launched a searing attack at the General Assembly on Israel's continued occupation.

"In this historical moment, I say to my people everywhere: raise the flag of Palestinians very high because it is the symbol of our identity," the 80-year-old Abbas told the crowd. "It is a proud day."

Media and UN Honour Guard members 
gather during the Palestinian flag raising
 ceremony on September 30, 2015 at the
 UN in New York (AFP Photo/Timothy
A. Clary)
Israel and the United States have dismissed the move as a symbolic gesture that would not serve the cause of peace. But Ban said symbols were "important" and could lead to action.

"Now is the time to restore confidence by both Israelis and Palestinians for a peaceful settlement and, at last, the realization of two states for two peoples," he said.

The red, black, white and green Palestinian flag was then hoisted under dark clouds that threatened rain. The crowd broke out into cheers when it started to flutter in the gentle breeze.

Dozens of people gathered in the West Bank town of Ramallah to watch the flag-raising by TV link. When the small crowd saw Abbas on the screen, they stood cheering and then fell silent to hear him.

The General Assembly voted September 10 to allow the flags of Palestine and the Vatican -- both have observer status -- to be raised at the world body alongside those of member states.

The resolution was backed by 119 countries, with 45 abstentions and eight votes against, including Australia, Israel and the United States.

Call for recognition

Abbas used his speech Wednesday at the General Assembly to appeal for "those countries that have not yet recognized the state of Palestine yet, to do so."

"Palestine, which is an observer state in the United Nations, deserves full recognition and full membership," he said.

Clashes in recent weeks between Israeli police and Palestinians at the sensitive Al-Aqsa mosque compound in Jerusalem have raised tensions and prompted Abbas to warn of the risk of a third intifada, or uprising.

Palestinians wave their national flags as they watch a live-screening of president
 Mahmud Abbas' speech followed by the raising of the Palestinian flag at the
 United Nations headquarters in New York, on September 30, 2015 in the city of
 Ramallah (AFP Photo/Abbas Momani)

"I call on the Israeli government to cease its use of brutal force... particularly its actions at the Al-Aqsa mosque," Abbas told the Assembly.

"Such actions will convert the conflict from a political one to a religious one, thus creating a explosive situation in Jerusalem and the remaining Palestinian occupied territory."

A recent poll found that Palestinians are increasingly exasperated with his leadership and Israel's right-wing government.

A majority favor a return to armed uprising in the absence of peace talks and two-thirds want Abbas to resign.

In the runup to the speech, there have been reports that Abbas would use the opportunity to drop a "bombshell."

Suggestions of what that could mean have included a complete withdrawal from the Oslo accords of the 1990s or the dissolution of the Palestinian Authority that those agreements created.

While such an announcement could potentially have a major impact, many analysts questioned whether Abbas would truly press ahead with it.

Cannot be bound by agreements

Instead, he told the UN that Israel's refusal to commit to past agreements and release Palestinian prisoners, and continued Jewish settlement activity in the West Bank and east Jerusalem, were sapping Palestinian hopes of ever achieving an independent state.

Palestinian President Mahmud Abbas addresses the United Nations General 
Assembly in New York on September 30, 2015 (AFP Photo/Jewel Samad)

"They leave us no choice but to insist that we will not remain the only ones committed to the implementation of these agreements, while Israel continuously violates them," he said.

"We cannot continue to be bound by these signed agreements with Israel and Israel must assume fully all its responsibilities as an occupying power."

Abbas said Palestinian patience "has come to an end" and described the current situation as "unsustainable."

Later on Wednesday, the UN chief will also chair talks with the Diplomatic Quartet seeking a political settlement to the conflict.

The peace process has been in the doldrums since the latest US diplomatic effort failed in April last year.

In a shift, Egypt, Jordan, Saudi Arabia and the Arab League have been invited to the meeting, along with the foreign ministers of Russia, the United States and EU foreign affairs chief Federica Mogherini.

Israeli Prime Minister Benjamin Netanyahu will address the United Nations on Thursday and call on Palestinians to stop "incitement to violence."

Related Articles:

Matthew Ward - July 19, 2015

Matthew Ward
With loving greetings from all souls at this station, this is Matthew. Many of your analysts think that the Greek people’s resounding “No” on the recent referendum put their country on the road to irreversible economic ruin. The country will manage. “No” put the Illuminati on the road to irreversible economic ruin.

Going back a long, long ways, bartering worked splendidly in communities, but the expanding borders of commerce required a different means of exchange; and with the introduction of coinage, money became the axis on which your world turned. The forerunners of the Illuminati and later that group itself controlled the turning by devising taxation, banking and lending systems; and, as centuries passed, “numbered” bank accounts, stock markets, Federal Reserve System, International Monetary Fund, regulating agencies and credit cards with usurious interest rates. Everything they established was specifically designed to add to their fortunes, tighten their economic control over the peoples, and increase their influence within national governments.

The Illuminati began as a cohesive group of like-minded individuals whose objective was world domination. As time went by, egos grew and tempers flared, and eventually two competitive factions with that same goal emerged. Later, the Rothschilds and their adherents, who operate out of London and the Vatican, came up with a plan to solidify their control throughout Europe—the European Union, European Central Bank and euro currency. Let us borrow your expression, “How’s that working for you?” There is no bandage large enough to patch the crack the Greek vote made in the Rothschild network. The crack will spread like a spider web around the world and into it will fall the Rockefeller faction headquartered in Washington, DC, and on Wall Street.

As if that isn’t enough for both factions to deal with—and Pope Francis’ goodness and wisdom keeps upsetting their apple cart—now there’s the agreement between negotiators from several major nations and Iran’s leaders that their country will not pursue development of a nuclear weapon. It is no surprise that Israeli Prime Minister Netanyahu, a top-ranking Illuminati, denounced the agreement or that Illuminati in the United States Congress and members whose election campaigns were funded by that group are opposing President Obama’s efforts to get congressional approval. They want to invade Iran and, along with taking over that country’s oil, reap the riches that come from producing the machinery of war.

The vibrations of intensifying light that led to those reversals for the Illuminati will keep increasing as the planet continues on its ascension course. If we could tell you when their total undoing will be, we would do so joyously; but activity in Earth’s energy field of potential indicates that their inevitable demise will come in stages, not one fell swoop. They still have some power, dwindling though it is, in their “black ops” branch of the CIA; other intelligence sources, including Mossad; high-ranking personnel in some military forces; leverage within mainstream media and some governments; and huge caches of monies to initiate or exacerbate uprisings, fund the Islam State, and pay their minions to hack computer systems, oversee the street drug trade, fill your skies with chemtrails, deny pollution’s contribution to climate change, or disseminate false information on the Internet.

While a few within the higher ranks of both Illuminati factions are talking with principals in reform movements, the hardliners are talking about joining forces; some have abandoned their fast-sinking ship, died of natural causes or by their own hand, or been arrested. You would recognize some names, most you would not, and it is unlikely that any of the Illuminati will be identified as such in mainstream news reports.

Upheavals will keep popping up as the ages-old light vs dark battle for Earth’s civilization at last is nearing its end. You have waited a long time to see the light triumph as predestined, and you can welcome the bumpy ride through the last phases. However, most of the populace don’t know about that long conflict or that everything transpiring and what is ahead is about planetary and personal ascension out of millennia of dark bondage.

Many people are fearful or angry, and with each new bump, others will have the same reactions. Your calmness, yet excitement, and explaining to the extent individuals are receptive can encourage them to have an optimistic outlook. But please do not be disheartened if family and friends don’t respond positively—they will waken in their own times of readiness.

And, we ask that you keep foremost in your thoughts that every person in your world is a part of God, by whatever name the Supreme Being in this universe is called. Every person is inextricably connected at soul level with all others, and God’s love for each and every one is unconditional. Seeing “offenders” through God’s eyes doesn’t mean wanting them to forego justice by your world’s standards—already this has come to some and shall befall others. What it does mean is, you will uplift yourselves and your world by envisioning those individuals within the light rather than focusing on their punishment. The impartial, nonjudgmental and unavoidable laws of the universe will serve them justice in a spirit world according to their lifetime deeds.

This is an appropriate place to answer a reader’s questions: “What will happen to Nirvana after Earth reaches 5th density? Can there still be reunions with our loved ones?” Nirvana will accompany Earth to her destination in fifth density and continue to be her spirit realm, but with grand differences. The tiny dense orb that houses the basest individuals and is the only part of the realm separate from the rest will be transported to some third density civilization and incorporated into their spirit world, or it will be dematerialized after its inhabitants are moved to a spirit world of equal density. Nirvana’s lower layers—learning centers for people who want to outgrow their negative tendencies such as bigotry, anger, apathy, envy, miserliness, bitterness, disloyalty, dishonesty, manipulativeness, closed minds and desire to control others—also will disappear. Those traits served well when they were aspects of karmic lessons souls chose to attain balanced experiencing, but your society will have advanced consciously and spiritually and no longer need to experience negative characteristics.

Indeed, reunions of loved ones can take place in Nirvana when that realm and Earth are in fifth density, but then just as now, meetings can be in any placement in this universe where energies are compatible. Actually, these visits have been happening all along during your sleep time, but your bodies’ density can’t retain memories of those visits—when you waken and have fragments of memories of being with a loved one, you attribute them to dreams. As your consciousness expands with light absorption, you will start to clearly remember your joyful reunions.

With reference to our stating that “everything in your world is purposeful,” a reader asked, “What purpose is served by rats, roaches, fleas, mosquitoes, etc.” It started eons past in linear time, when the darkness manipulated the DNA of some weaker civilizations and programmed their bodies for aging and disease. A civilization at third density conscious and spiritual level, which Earth’s peoples and other life forms have been for many millennia, has bodies that are susceptible to the diseases that some insects and rats can cause or spread; and, given the flexibility in soul contracts, physical death by that means can satisfy contracts’ cause and longevity provisions.

Insects also serve the purpose of souls whose lifetime energy consigned them to the basest part of third density spirit realms. When they are willing to receive sufficient light to embody, they do so in a short-lived form without cellular memory patterning that could influence behavior as they start back up the ladder of evolution. You will welcome knowing that insects cannot survive in the higher vibratory levels where Earth is heading, and their place in the food chain no longer will be needed.

Rats are intelligent, emotional rodents, and those that are well-treated pets respond in kind; the hordes that run wild simply are trying to survive in a world where they are detested. As a civilization grows in consciousness, so do all other life forms in that world. With that advancement comes humankind’s respect for all animal life, and “wild” rats, like other species now considered obnoxious, will be elevated in behavior and popular acceptance. Have no concerns that your world may be overrun with rats or rabbits or any other animals that produce litters quickly! They will reproduce less often and in smaller numbers as long as they decide to embody on the planet—these species, like all others, evolve and at some point incarnate as higher-order beings.

Citing numerous ways that Earth’s animals are being treated inhumanely, a reader asked, “Can the galactics not help with ending this horrendous treatment of animals?” Your universal family is helping by beaming light in abundance to Earth, but they cannot interfere with the free will of individuals who cause suffering and merciless death to your animals. It is up to your society to stop abhorrent practices, and thanks to the dedicated efforts of many souls, this is happening. Countries are setting standards for treatment of animals and repercussions for violators; there are boycotts of food, other products and entertainment derived from animal exploitation; poachers of wild animals are being taught other livelihoods; education is expanding about the importance of preserving wildlife and their habitats on land and in the seas; the numbers of wildlife reserves and no-kill shelters of pet species continue growing and so do the numbers of homeless pets who are adopted.

Participating in or financially supporting these encouraging activities is vital, to be sure, but an invaluable contribution that everyone can make to improve animal life is to not agonize about their plight, but instead send love-light to all of Earth. The law of attraction brings back the very same energy sent forth in thoughts and feelings, thus agonizing about any situation brings back still more circumstances to evoke that feeling.

A reader in New Zealand asked why teen suicides in her country and elsewhere are becoming more frequent. Perhaps because of religious teachings, dying by one’s own hand at such a young age—at any age—is viewed as more tragic than death by disease or fatal injury. So first we say, there is no judgment or penalty and no such place as limbo or hell for people who end their lives.

Their reasons differ just as the individuals themselves do; however, according to our colleagues in Nirvana, most teenagers who commit suicide are gay or lesbian or they know that their body and gender are mismatched, and they enter spirit life with tormented psyches that need customized care for healing. They were emotionally drained from struggling to conform to familial expectations, societal standards and religious orientation, or they had been cast out after declaring their true selves—either way, they saw death as the only escape from hopelessness and despair. As your society continues growing consciously and spiritually, honoring the divinity and genuineness of all soul-selves will replace discrimination and rejection.

“I have noticed a lot of fear-based information on the Internet surrounding ingesting monatomic gold. Can you please elaborate on how it actually works within our bodies?” The intention of that information—and it is a good example of DISinformation on the Internet—is to steer you away from one of the most valuable substances you can ingest. In addition to fortifying immune systems, monatomic gold contributes to health by rapidly regenerating cells; raising bodies’ frequencies; improving organs’ functioning;accelerating the transformation of carbon-based cells into crystalline; and helping to increase DNA strands. All of those physical benefits enhance brain power and that leads to expanded consciousness, spiritual clarity and overall balance. Individuals who are influenced by darkness don’t want you to have any of those advantages so they disseminate blatantly false, fear-based information about monatomic gold.

To readers who asked if signing petitions really does any good: Yes. You may or may not see prompt effects in the specific areas the petitions cover, but the energy you put forth to support endeavors you deem worthy contributes to the overall light on the planet.

“Please ask Matthew to speak about people suffering from depression. I am fearful I may not be following my soul contract and more so failing to do my part to promote positive loving thoughts to myself and others so as to assist Earth's transition.” Our understanding and compassion go out to this dear soul and to all others who are dealing with depression, an emotionally painful condition that has become almost commonplace in your world, and we hasten to say that none of you is failing self or others! You are not lacking light, but light-heartedness. Even if depression is a karmic choice for balance, it needn’t be long-lasting, and discovering and alleviating the cause is possible.

The cause may be physical. Consult a trusted healthcare practitioner about testing for hormonal imbalance, which is treatable without pharmaceutical drugs that don’t eliminate the cause and do lead to other maladies. We have mentioned the benefits of monatomic gold, and suggest as well that you eat nutritious food, drink a great deal of pure water, get sufficient sleep, listen to melodic music, and spend as much time as possible with Nature. Especially during these times when body, mind and spirits are adjusting to ever-heightening vibrations, those are wise suggestions for everyone.

In many cases, depression is circumstantial, due to one’s own or loved ones’ situation or perhaps the state of your world. When you start thinking about something sad or worrisome, change to a positive thought about that situation and visualize it dissolving into beams of light—here again the law of attraction plays a crucial role. Take one step at a time to overcome feeling depressed—this can be as simple as the satisfaction of completing a small task or as uplifting as knowing that you are contributing light to the world via compassion, forgiveness, gratitude, generosity and kindness.

Dear ones, apply those light-filled feelings to yourself, too, and ask for help! Angels, spirit guides, souls in Nirvana and other spirit worlds—all are God’s emissaries—are ever-ready and eager to help lift you out of depression’s heavy-heartedness.

Yes, planetary cleansing will continue a while longer because Earth needs to rid herself of negativity as it is produced. But we say to readers who asked about earthquakes that will devastate entire major cities, tsunamis of epic proportions, dramatic changes in land masses, and temperatures that will continue rising until they snuff out all life: Not only are those concerns needless, but they emit low vibrations that add to the negativity Earth has to deal with.

Many who requested our comments about the Trans Pacific Partnership feel this is an Illuminati-made bill that will benefit only the wealthiest. Several also questioned much the same as the reader who wrote: “If President Obama really is a light being, why is he pushing Congress to get this bill passed?” and others wrote that his efforts prove he is either Illuminati or their willing puppet or is being mind-controlled by them.

Indeed, TPP provisions have the potential to favor only the wealthy—whatever can be used beneficially also can be twisted into malevolent directions—and we shall tell you what we have been told about President Obama’s position. He is acting upon the advice of our “space” family members living among you to not make waves at this stage of behind-the-scenes talks with individuals in the Rockefeller faction. They are not defectors per se, they are pragmatists who know their aim of world control is doomed, and because their interests are better served by economic stability than global collapse, they are amenable to discussing reforms that will have far-reaching effects.

These individuals, whose cooperation can expedite the reforms, wield considerable influence in the corporate world; and their bargaining point is that by acting in good faith on TPP’s provisions, workers in the off-shore countries will reap benefits that currently are nonexistent and would not adversely affect workers in the United States. Our perspective is, as vibrations continue increasing, improvements will come in every aspect of life in your world, so with or without TPP, beneficial changes are ahead for people everywhere.

We honor you, our beloved family, for your perseverance as lightworkers. You are adding immeasurably to the light that is propelling ongoing and forthcoming changes throughout your world.


Suzanne Ward

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration LecturesGod / Creator, Religions/Spiritual systems  (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it),  Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse),  Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) (Text version)

Monday, September 28, 2015

Indonesia prays for Islamic banking boom

Yahoo – AFP, Sam Reeves, 27sep 2015

Indonesia has a Muslim population of around 225 million but this huge number
of faithful has not translated into success for sharia banks (AFP Photo/Adek Berry)

Indonesian teacher Nina Ramadhaniah hopes for "blessings from Allah" by opening a sharia bank account -- the sort of pious customer the world's most-populous Muslim-majority country is praying for as it launches an Islamic finance drive.

Indonesia, Southeast Asia's biggest economy, has a Muslim population of around 225 million but this huge number of faithful has not translated into success for sharia banks, institutions required to do business in line with Islamic principles.

Bank Indonesia mosque, pictured
 on the first day of the holy month of 
Ramadan, in Jakarta, in 2013 (AFP
Photo/Adek Berry)
Now regulators have launched a plan aimed at growing the sector, which currently accounts for less than five percent of banking assets, compared to a quarter in neighbouring, more developed Muslim-majority Malaysia and around half in Saudi Arabia.

Authorities believe it is a good moment, with many Indonesians getting wealthier after years of strong economic growth and an increasing trend towards piety across broad sections of society.

Many of those without bank accounts, estimated at about 40 percent of the population, are soon expected to open one.

"The situation is an opportunity for the Islamic banking business to get bigger," said Nasirwan Ilyas, a senior official from the Islamic banking division of the Financial Services Authority (OJK).

The OJK is spearheading the drive, and unveiled a five-year roadmap earlier this year that included plans to educate the public about sharia lenders and the establishment of an Islamic finance committee to better manage the sector.

'Interest is haram'

Key features of sharia banking include the prohibition of interest on loans or customer deposits, and a ban on investing in "non-Islamic" businesses, such as those involving pork or alcohol.

For teacher Ramadhaniah, who has an account with Indonesia's biggest Islamic lender, Bank Syariah Mandiri, the ban on interest is a key attraction.

Key features of sharia banking include the prohibition of interest on loans
or customer deposits (AFP Photo/Bay Ismoyo)

"Charging interest is haram (against Islam), ill-gotten gains that will not bring me any blessings from Allah," the 44-year-old told AFP. "I don't want to live in sin."

Sharia accounts often work on a "profit-and-loss sharing" model, meaning customers get a windfall when the bank does well but can lose out when it does badly.

There are obvious disadvantages. Sharia lenders generally offer lower returns on investments and their modest size often means they provide fewer services than larger, conventional peers -- many shops are not equipped to accept their debit cards.

Nevertheless, Islamic banks have proven popular in recent years, with the sector expanding on average more than 40 percent a year between 2008 and 2012, according to the OJK.

The growth came after laws were changed to make it easier to establish an Islamic bank, and there are now a plethora of standalone sharia lenders, Islamic banking units attached to conventional banks, and smaller Islamic financial institutions in the countryside.

Growth in the sector has lost steam due to a broader slowdown in the economy, which is expanding at six-year lows -- giving authorities another reason to launch their drive.

Islamic mega-bank

Central to the overhaul is a plan to set up a National Islamic Finance Committee this year, to oversee the sector by bringing together representatives from different government agencies and act as a contact point for potential foreign investors.

Currently responsibility for the sector is spread around different bodies, such as the OJK, the central bank and the finance ministry, according to the OJK's Ilyas.

It is modelled after similar bodies in other countries, such as the International Islamic Financial Centre in Malaysia, where the sector is already far more developed as the government started supporting it some years ago.

In addition to the OJK roadmap, the government has announced plans to merge the Islamic banking subsidiaries of four state-owned banks to create an Islamic mega-bank, which should be able to provide better services than the current Islamic lenders.

Sharia lenders generally offer lower returns on investments and their modest
 size often means they provide fewer services than larger, conventional peers
(AFP Photo/Bay Ismoyo)

While observers have broadly welcomed the plans, they concede that many difficulties remain.

Khalid Howladar, Moody's global head of Islamic finance, said it would be "quite a challenge" to grow the sector to a substantial level.

"The market is growing faster than conventional but from a very low base," he said, adding Islamic banks in Indonesia did not offer "substantive competition" to their non-sharia peers.

But for Ramadhaniah and a growing army of devout Indonesians with new-found spending power, Islamic banks remain the only choice.

"I really don't care that I'm not earning anything or getting lower returns on my investments," she said. "I can live in peace."

Thursday, September 10, 2015

Joko Announces First Policy Package to Propel Economy

Jakarta Globe Tabita Diela, September 09, 2015

President Joko Widodo, center, on Wednesday announced the promised policy
package that he hopes will propel the economy. (Antara Photo/Yudhi Mahatma)

Jakarta. President Joko Widodo unveiled his much-awaited major deregulation policy package on Wednesday afternoon, with his administration revising 89 regulations considered to be damaging to the country's business climate.

“We’re trying to reduce duplications that could prevent industry growth,” said the President at the State Palace, while accompanied by economy-related ministers, including economic tzar Darmin Nasution, Finance Minister Bambang Brodjonegoro, Trade Minister Thomas Lembong, Energy Minister Sudirman Said and Agriculture Minister Amran Sulaiman.

Joko was also joined by central bank governor Agus Martowardojo and chairman of the Financial Services Authority (OJK) Muliaman Hadad.

Joko said his administration is simplifying the process for obtaining business permits, streamlining bureaucracy and offering more electronic-based services to reduce potential misconduct by government officers.

Today's announcement is the first of three deregulation packages Joko's cabinet pledged, with the first to be implemented before October.

The package addresses three key issues of importance to the business community.

In a bid to boost the competitiveness of Indonesia's manufacturing industry, these revisions target businesses in the finance, property, maritime, trade, agriculture and energy sectors. The review looked at 154 existing regulations pegged as being detrimental to business.

The role of regional governments will be strengthened to ease bottleneck issues for strategic projects of national interest. This includes simplifying the process for obtaining spatial planning permits, land acquisitions and goods procurement, as well as providing stronger legal certainty.

In a bid to boost investment in the property sector, the government will push the development of housing for middle-to low income buyers. Indonesia currently faces a backlog of 15 million properties and developers are struggling to meet the vastly increased demand.

“The government can’t work alone. There needs to be cooperation and support. Let’s unite to respond to the challenge of the global economic slowdown. I assure that the government isn’t only making commitments ... it is also serious in implementing these commitments,” Joko said.

Thursday, September 03, 2015

Jokowi Appoints Anti-Graft Activist as Chief of Staff

Jakarta Globe, Novy Lumanauw, September 2, 2015

Teten Masduki has been inaugurated as President Joko Widodo's chief of
staff. (Antara Photo/Yudhi Mahatma)

Jakarta. President Joko Widodo on Wednesday installed his spokesman as his chief of staff in an inauguration ceremony at the State Palace in Jakarta.

Teten Masduki, an anti-corruption activist and former lawyer, replaces Luhut Binsar Pandjaitan who now serves as the Coordinating Minister for Politics, Legal and Human Rights.

"I will do my best in this new position... I'll consult with the president about what he expects from the chief of staff in the future," Teten told reporters after the inauguration ceremony.

Born in Garut, West Java, in May 1963, Teten's profile emerged as chairman of Indonesia Corruption Watch (ICW), one of the country's prominent anti-corruption watchdogs.

In 2013, Teten announced his decision to run as deputy governor with politician Rieke Diah Pitaloka in the West Java election with the support from the Indonesian Democratic Party of Struggle (PDI-P).

Jokowi to Roll Back Counterproductive Business Policies

Jakarta Globe, Ezra Sihite, September 2, 2015

President Joko Widodo ordered his ministers on Wednesday to help him examine
 existing regulations, conduct preliminary investigations, and deregulate unnecessary
policies. (Antara Photo/Yudhi Mahatma)

Jakarta. President Joko Widodo said on Wednesday that at least 110 government regulations were counterproductive, outdated or did not support Indonesia's business activities.

"We need major deregulation [policies],” Joko said as he opened a cabinet meeting at the State Palace in Jakarta. “We need new regulations that can actually improve the climate of our economy as soon as possible.”

Joko ordered his ministers on Wednesday to help him examine existing regulations, conduct preliminary investigations, and deregulate unnecessary policies.

“If we don't [take this step], the business sector will [face] difficulties [in growing]. They will have difficulties to disburse their [investment capital],” Joko said.

The president said that two days would be set aside this week at the palace in Bogor for cabinet members to gather to discuss deregulating counterproductive policies.

The president did not identify which regulations would be called into question, although he noted that “inflows of money from outside will be hampered. So I want everything to be quickly settled.”

Monday, August 31, 2015

Higher wages in store for foreign caregivers in Taiwan

Want China Times, CNA 2015-08-30

Foreign caregivers at a park in Taipei, March 30. (Photo/Fang Chun-che)

Foreign caregivers planning to work in Taiwan will receive a monthly wage of NT$17,000 (US$525) beginning on Sept. 1, the country's labor minister Chen Hsiung-wen announced on Friday.

That represents an increase of NT$1,160 (US$35), or 7.32%, from the current monthly wage of NT$15,840 (US$490), which has been the fixed rate for the past 18 years.

In contrast to the minimum monthly wage of NT$20,008 (US$617.34) for workers in Taiwan, which has increased 26% during the period, Chen said the 7.32% raise was reasonable.

Foreign nationals working as domestic caregivers in Taiwan are not covered under Taiwan's Labor Standards Act and therefore not entitled to the statutory minimum wage.

The higher monthly wage will only be applied, however, to new applicants from Indonesia, the Philippines, Thailand and Vietnam, and not to those already working in Taiwan.

With the monthly pay for migrant domestic helpers in Hong Kong and Macau at NT$16,530 (US$510), Taiwan hopes that the wage increase can attract quality domestic helpers to work in the country, Chen said, after a meeting with officials from the four Southeast Asian countries earlier in the day.

Indonesia and the Philippines, the two countries that provide the most migrant domestic helpers in Taiwan, have pressed Taiwan for months to increase the wages for their workers to NT$17,500 (US$540) per month, and have been holding back new workers from employers unwilling to pay that amount.

It was not immediately clear if the new wage settled the differences between Taiwan and the two countries.

But Agusdin Subiantoro, deputy director of Indonesia's National Agency for the Placement and Protection of Indonesian Migrant Workers, told CNA on Thursday that Indonesia and Taiwan had reached the agreement to increase migrant caregivers' pay to NT$17,000 (US$525) after rounds of negotiations.

Groups of manpower brokers called for the ministry on Friday afternoon to require incoming migrant workers to have HIV/AIDS testing and pregnancy tests done.

But the Labor Ministry said that considering international human rights conventions and workplace gender equality, those tests should not be requirements for those workers.

Related Article:

Sunday, August 30, 2015

Pension fund in China not for stock market bail-out: official

Want China Times, Xinhua 2015-08-29

People walking past a pension fund management center in Fuzhou, Fujian
province, June 30. (File photo/CNS)

Allowing China's pension fund to invest in the stock market was not intended as a bail out, but to create long-term and stable returns, said the vice minister of human resources and social security on Friday.

The change will eventually have a positive effect on China's real economy and support a healthy capital market, but the core purpose is to gain long-term and stable yields for the fund, vice minister You Jun said at a press conference.

The fund's management must prioritize safety, and the timing of the fund's entry into the stock market will be decided by the market, You added.

The State Council finalized guidelines on Sunday allowing the pension fund to invest in new products, including the domestic stock market.

The guidelines allow the fund to invest in more than 20 financial products, including high-risk stocks and equities, as well as low-risk bank deposits and bonds, which diversify the investment risk, You said.

To minimize risks, the guideline restricts the maximum proportion of investment in stocks and equities to 30% of total net assets.

The fund will also participate in major projects and purchase shares in state-owned enterprises to gain long-term yields, he added.

Around 2 trillion yuan (US$330 billion) of the funds total assets can be invested, You said, adding that the amount will increase as the fund grows.

China's pension fund, which accounts for roughly 90% of the country's total social security fund pool, had net assets of 3.5 trillion yuan (US$547 billion) at the end of 2014.

The pension fund was previously parked in banks or invested in treasury bonds with low yields, provoking calls for change as China faces the challenge of caring for its growing elderly population.

The new policy came as China's stock markets continue to decline, beset by shrinking turnover and greater volatility. The key Shanghai index plunged more than 30% from its June peak, wiping out most of this year's gains.

"Market-oriented operation of the pension fund requires more market supervision by authorities," said You.

The National Council for Social Security Fund (SSF), a social security strategic reserve for China's future aging population, played an exemplary role in increasing the fund's investment returns. The SSF has had an average yearly return of 8.5% over the past 14 years as of 2014 and outpaces the consumer price index growth.

The SSF has a bigger investment scope than the pension fund and is allowed to invest in domestic and overseas stocks as well as fixed income assets.

In China, private urban employees pay for their pension before retirement and usually get a pension equal to about half of their final salary.

Related Article:

Friday, August 28, 2015

Humble Pie for Home Minister After Controversial Bid to Gag Foreign Pressi

Jakarta Globe, 27 Aug 2015

Home Affairs Minister Tjahjo Kumolo, left, has apologized to President 
Joko Widodo for a brazen attempt to curtail press freedoms. (Antara 
Photo/Andika Wahyu)

Jakarta. Home Affairs Minister Tjahjo Kumolo has apologized for and withdrawn a regulation aimed at increasing government control over foreign journalists operating in Indonesia, following a public outcry over the move.

“I’ve apologized to the president by telephone and immediately rescinded the internal regulation that was sent to regional governments which could have led to misunderstandings,” Tjahjo, from President Joko Widodo’s Indonesian Democratic Party of Struggle (PDI-P), said late on Thursday.

“I as the minister am at fault … I was wrong,” he added. “I’ve also explained this openly to the foreign minister and to the press.”

The regulation in question, a circular sent out to regional administrations nationwide, demanded that foreign journalists and their local crew have permits issued by the Foreign Affairs and the Home Affairs Ministries. It also obliged foreign journalists to report their activities and acquire permits from all relevant levels of government, from the municipal or district level to the provincial level.

“The letter clearly implies disobedience of a president who is open to foreign coverage, as well as suspicion of the press and civilians,” Poengky Indarti, executive director of the rights group Imparsial, said on Thursday. “It will also lead to less investment and tourism income.

“Imparsial urges the Home Affairs Ministry to revoke the circular as it goes against President Joko Widodo’s position of welcoming foreign journalists covering Papua and other regions in the country,” she added.

Joko announced last May a lifting of restrictions on foreign  journalists reporting from Papua, saying he wanted to end the misinformation about the restive province by granting full access to outside media.

The Jakarta Foreign Correspondents Club also took issue with Tjajho’s circular, saying in a statement that the “continuation and expansion of restrictive state policies on visiting journalists is a sad reminder of the authoritarian Suharto regime, and a stain on Indonesia’s transition to democracy and claims by its government that it supports a free press and human rights.”

The JFCC statement added that it found the new requirements “particularly troubling given that the Indonesian government already takes weeks if not months to issue approvals for foreign journalists and film crews to visit Indonesia to work – if at all.”

Raising the issue of "whether the Ministry of Home Affairs understands or heeds orders from the Presidential Palace,” the JFCC also called on the US government to make freedom of the press “a primary topic of conversation” during the planned state visit of Joko to the US, at the invitation of President Barack Obama.

Related Article:

Thursday, August 27, 2015

Dutch staffing agency Brunel pulls out of Nigeria because of corruption

DutchNews, August 26, 2015

Dutch stock exchange-listed staffing agency Brunel is pulling out of Nigeria because of the ‘continuing feeling of corruption and bribery’, chief executive Jan Arie van Barneveld says in Wednesday’s Financieele Dagblad.

‘The security risk and bureaucracy make it almost impossible to guarantee the quality of our services and the safety of our workers in Nigeria in the future,’ Van Barneveld is quoted as saying.

‘If it is actually impossible to do business without breaking the rules and putting our staff in physical danger, then I’ve had it,’ he said. ‘Even if we will notice the difference in our books.’ 

Brunel, which operates in almost 40 countries, has generated revenues of some €100m in Nigeria alone in the past few years, the FD says. The company is still owed several million euros by Nigerian clients and is not taking on any new customers.

Van Barneveld declined to go into specific details because of the legal implications but said: ‘We do business there with big oil and gas companies which are run by local bigwigs. They simply tell our staff that the bill won’t be paid unless a certain person is “facilitated” first. To be clear, that means to be paid.’ 

New president 

Nigeria is the biggest economy in Africa but has been plagued by corruption and ranks 136th out of 175 countries on the Transparency International list of corrupt countries. 

However, newly elected president Muhammadu Buhari has pledged to make tackling corruption a top priority, the paper points out. 

Aldo Verbruggen, a former Dutch public prosecutor and now criminal investigator at Amsterdam law firm Jones Day, told the FD he expects pull-outs to become a trend.

 ‘In the coming years we will see more companies pulling out of countries because of corruption and being honest about it,’ he said. ‘Large companies are increasingly using risk models to assess the likely impact of corruption on their operations,’ he said.

Wednesday, August 26, 2015

Indonesia Wants to Use Yuan for Trades in Asean

Jakarta Globe, 2 August 2015

Jakarta. Indonesia is proposing the use of China's yuan for trade and investment purposes in Asean‎ countries in a bid to counter further impacts from the stronger US dollar against currencies in the region, a minister said on Tuesday.

The 10 members of the Asean region, including Indonesia, Myanmar, Malaysia, the Philippines, Singapore and Thailand, mostly use US dollars for international trade. But a strengthening greenback has made imports and servicing debt more expensive, pushing some to consider turning to the yuan.

"We want to push [the use of the yuan] when Indonesia trades with China in particular," Finance Minister Bambang Brodjonegoro said at the House of Representatives. "Bank Indonesia is preparing the mechanism so it will be attractive for traders."

Trade Minister Thomas Lembong also brought up the issue on Monday after a meeting with the president.

He said Indonesia should push harder for broader use of the Chinese currency in the region because Asean economies were "much more in tune" with China.

The rupiah traded at an average of 14,700 per US dollar on Monday morning, its weakest point since 1998, according to the counter price at state-owned Bank Rakyat Indonesia. It has lost about 13 percent of its value against the dollar this year.

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China and Japan will start direct currency trading

"The U in Kundalini"- Oct 18, 2012 (Kryon channeled by Lee Carroll) (Subjects: Kundalini, Unification, EU, Nobel Peace Prize 2012, Middle East, South America, Only 5 Currencies on EarthOld Souls, Duality will dismiss, 3D Humanity will melt with Multi dimensional higher self, Global Unity… etc.)