Cempaka Business and Economy: Second retail sukuk sell like hot cakes, bids reach Rp 8.03t

"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 09, 2010

Second retail sukuk sell like hot cakes, bids reach Rp 8.03t

Aditya Suharmoko, The Jakarta Post, Jakarta , Tue, 02/09/2010 8:59 AM

Retail Islamic bonds sold like hot cakes, with bids reaching Rp 8.03 trillion (US$851 million), almost tripling initial targets of Rp 3 trillion, when the high-yield bonds were introduced onto the market on Monday.

The Finance Ministry’s director general of debt management, Rahmat Waluyanto, said the ministry would introduce a maximum limit on the purchase of retail sukuk after an investor placed an order worth Rp 25 billion in the bond coded SR-002, which is designated to individual investors.

“We have not yet decided the limit,” said Rahmat, adding the ministry would use the Rp 3 billion limit placed on the retail bonds as a benchmark.

Rahmat said that the investor who bought Rp 25 billion in retail sukuk might shift funds from the currently-shaky stock market.

The ministry wants to develop domestic investors in the bond market to help strengthen the government’s bonds against volatility resulting from the movement made by foreign investors.

The second retail sukuk, designated for retail investors, received a total order of Rp 8.75 trillion, the ministry said. The sukuk offer 8.7 percent yield, maturing in 2013.

The first retail sukuk issued in February last year were also a hit, absorbing a total order of Rp 5.56 trillion, about three times its initial target of Rp 1.77 trillion.

Rahmat said the government still has an option to sell Islamic bonds worth about Rp 17 trillion to help finance the state budget.

He did not mention when the government would conduct the next sale of retail sukuk, but saying that the global sukuk would be launch early in the second half this year to cope with the budget deficit.

“It will be before Ramadan,” he said.

Last month the government sold $US2 billion worth of 10-year dollar-denominated bonds.

Rahmat said the government would also issue yen-denominated samurai bonds sometime in the first half this year to help plug the 2010 budget deficit of Rp 98 trillion.

The ministry also has sukuk sale via auction conducted once a month, said director of sharia financing policy Dahlan Siamat.

Recent upgrades in Indonesia’s ratings by international agencies have attracted foreign capital inflows. Last month Fitch Ratings upgraded Indonesia’s ratings from BB to BB+, one level below investment grade, citing the country’s resilience to the global financial crisis.

Yesterday’s sale of retail sukuk attracted 17,231 investors, more than the 14,295 investors purchasing the first retail sukuk.

Investors with an age from 41 to 55 years old -- comprising 40.79 percent of total investors -- bought the most retail sukuk, of 35.32 percent of the total volume of Rp 8.03 trillion.

The Finance Ministry also picked the best three selling agents: Bank Mandiri, Bank Negara Indonesia and Bahana Securities to sell the retail sukuk.

Indonesia, the world most-populous Muslim nation, is tapping individual investors after it was forced to scale back an overseas debt sale as it seeks to alleviate its budget deficit.

Sales of sukuk may increase 24 percent to $25 billion this year, led by Southeast Asia, CIMB Group Holdings Bhd., the leading broker of such issuances, said last week.

“Demand is strong because the government is paying a bit of an extra yield from what you can get in the secondary market,” said Suryandy Jahja, managing director at PT Kresna Graha Sekurindo in Jakarta.

“Sukuk are special products that appeal to a lot of retail investors in this country and there’s a lot of untapped cash in the system,” he was quoted as saying by Bloomberg.

Indonesia has projected a budget deficit of Rp 98 trillion this year, equivalent to about 1.6 percent of gross domestic product. The shortfall was Rp 87.2 trillion in 2009, according to the Finance Ministry.

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Tuesday, February 09, 2010

Second retail sukuk sell like hot cakes, bids reach Rp 8.03t

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