Cempaka Business and Economy: Hefty growth in credit card transactions

"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.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … 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.)

"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. …”

Sunday, February 08, 2009

Hefty growth in credit card transactions

The Jakarta Post, JAKARTA | Sat, 02/07/2009 10:27 AM

Credit card transactions grow by around 45 percent in 2008 from a year earlier, although the growth rate could slow down this year as slower economic growth weakens purchasing power, according to the central bank.

Transactions using the plastic cards amounted to Rp 107.3 trillion (around US$9.8 billion) last year, jumping from Rp 72.6 trillion a year earlier, SWD Murniastuti, Bank Indonesia’s director of accounting and payment systems, told reporters on Friday.

“The transactions came from around 11.5 million cards circulating by the end of last year,” Murniastuti said during the central bank’s launch of the nationally standarized chip-based debit cards.

The Indonesian Credit Card Issuer Association (AKKI) has said that on average a credit card is being used to pay transactions of up to Rp 1.5 million per month, while stressing that in Indonesia, a credit card holder usually holds and actively uses another card.

Turning to this year, Murniastuti said the industry would face a tough challenge amid the current adverse economic conditions. In particular, she emphasized the need for the sector to manage a potentially higher rate of non-performing loans (NPLs) from credit cards.

“The jump in credit card transaction is positive. But the banks need to anticipate the threat of NPLs, which currently stands at 10.92 percent,” she said.

The figure is actually on a declining trend, with the industry posting 12 percent of NPLs at the start of last year, but the slower economic expansion this year poses a significant threat to consumers’ purchasing power, she said.

For this year, Finance Minister Sri Mulyani Indrawati said Thursday that government anticipated a likely growth rate of 4.7 percent, within the 4.5 to 5.5 percent range forecast estimated earlier.

The economy is estimated to have grown by 6.2 percent during 2008.

“The weakening purchasing power would eventually lead to an increase in unpaid loans. So the banking sector must be able to control troubled loans by improving its claim system,” she said, without elaborating.

Also on Friday, the central bank launched the chip-based debit card aimed at improving the protection of bank clients.

“My estimate is that one card costs $2, with bank debit card holders amounting to around 40 million currently,” BI deputy governor Budi Rochadi said, alluding to the level of investment needed by the banks to implement the introduction of more secure and efficient debit cards.

“BI only acts as the supervisor. With regard to preparation and speed of implementation (of this program), we’ll leave it to the industry,” Budi said.

At present 19 banks have committed to join this program, with more expected to follow suit.

Bank Mandiri, the country’s largest lender, said it would spend $33 million to $35 million to implement the program.

“We will use the investment for card production, installing readers and other supporting infrastructure,” Mandiri director of technology and operations Sasmita said, adding that the bank served more than 7 million debit card holders. (hdt)

Islamic Bank of Asia Eyeing Indonesia and Malaysia

BI Warns of Rise In Defaults on Credit Card Debt