Cempaka Business and Economy: Loan defaults ring alarm bells

"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. …”

Tuesday, February 10, 2009

Loan defaults ring alarm bells

The Jakarta Post, JAKARTA | Tue, 02/10/2009 9:37 AM

Banking cleanup: Cleaning service workers working on the front of the Bank Indonesia building in Jakarta. The central bank will introduce a new regulation highlighting a much tougher screening process for bankers. JP/J. Adiguna

Soaring loan defaults in some economic sectors has raised questions over the severity of the impact of the global economic crisis on Indonesia.

While Bank Indonesia insists that last year's nonperforming loans (NPL) were still manageable at 4 percent — less than the BI tolerance level of 5 percent — foreign-exchange commercial banks were the hardest hit by bad loans.

According to the newly released Indonesian Bank Statistics, total bad loans held by the commercial banks jumped by 35 percent to Rp 14.3 trillion (US$1.24 billion) in 2008, up from Rp 10.6 trillion in 2007.

Banks under this category include, among others, Bank Central Asia (BCA), Bank Danamon, Bank CIMB Niaga, Bank Panin, Bank Internasional Indonesia (BII) and Bank Permata.

Businesses in the transportation, cargo storage and communications sector were the hardest hit, booking a more than twofold increase to Rp 1.04 trillion from Rp 431 billion, according to the report.

Other sectors suffering a downturn in business included construction, business services, trade and manufacturing.

“The overall increase in last year's NPL was mainly contributed to by the foreign-exchange commercial banks,” Anton Gunawan, Bank Danamon chief economist, said Monday.

“There were significant increases in the [transportation, cargo storage and communications] sector from March to April, and again in November to December last year.”

The report showed most business sectors under the foreign-exchange banks had suffered from the increase in bad loans since the fourth quarter of last year, soon after the US-led financial crisis swept through much of the global economy.

Analysts said the foreign-exchange commercial banks suffered the most because they were heavily exposed to global trade flows and currency exchange fluctuations.

“The foreign-exchange banks are bigger in terms of corporate activities, so it’s common sense for them to suffer heavier losses,” said Danareksa chief economist Purbaya Sadewa.

While Indonesia has yet to feel the full pinch of the crisis, the 2008 NPL figure has already shown, at least, the magnitude of the problem the country may face in the near future. BI forecast NPL level to reach 5 percent this year with more companies suffering from difficulties to repay their debts.

Purbaya urged BI and the go-vernment to act swiftly to deal with the situation, by immediately disbursing the pledged economic stimulus and lowering the interest rate.

The banking report also showed the overall NPL of the banking sector rose by only 0.2 percent to Rp 41. 87 trillion last year, up from Rp 40.77 trillion in 2007.

The ease in the bad loans were attributable to the NPL decline in state banks to Rp 17.6 trillion from Rp 23.1 trillion a year earlier.

Wholly owned foreign banks recorded a jump of more than double in bad loans for the manufacturing sector last year, to Rp 2.25 trillion from Rp 943 billion, according to the report.

Aceh and North Maluku provinces experienced the highest jump in bad loans last year, up by more than 100 percent.

The two provinces' economies depend heavily on consumption, with minimal agricultural and industrial production centers. (fmb)

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