Cempaka Business and Economy: Moody’s Salutes Bank Indonesia’s New Credit Card Restrictions

"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. …”

Wednesday, January 18, 2012

Moody’s Salutes Bank Indonesia’s New Credit Card Restrictions

Jakarta Globe, Dion Bisara, January 18, 2012

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International ratings agency Moody’s Investors Service says the central bank’s new rules on credit cards are positive for Indonesian banks and will help improve their underwriting standards and eventually the quality of the lenders’ assets.

Bank Indonesia issued new regulations on credit cards on Jan. 6. The new rules set the minimum monthly income for cardholders at Rp 3 million ($330) and the maximum credit limit at three times monthly income.

Anyone who make less than Rp 10 million a month is now only allowed to receive credit cards from two issuers. People who make more must be individually assessed by banks.

In a bid to avoid situations where cardholders are trapped in mounting debt, Bank Indonesia banned the use of credit cards to purchase items bought through loans, such as cars or houses.

Moody’s applauded the central bank’s move, saying the new rules would help manage risk in the fast-growing sector.

The new regulations, it said, will reduce lenders’ risk of giving credit card loans to low-income customers, allowing banks to improve the quality of the loans in their “credit card portfolios.”

“Among our rated Indonesian banks, those most affected are those most active in credit cards,” Moody’s said in a statement released on Monday.

These banks included Bank Mandiri, the country’s largest by assets, Bank Central Asia, Bank Negara Indonesia, CIMB Niaga and Bank Permata.

“We expect that these policies will help eventually lower the level of bad debt that the credit card segment currently carries, as well as the threat of future loan loss from lax underwriting practices,” Moody’s said.

Despite credit card lending making up less than 2 percent of the total loans made by the nation’s lenders, the ratings agency said, reliance on plastic has “increased sharply in recent years.”

It said the fast-rising figure reflected Indonesia’s growing middle-income population as well as “banks’ aggressive marketing campaigns.”

The use of credit cards by Indonesians has increased in the past two years. At the end of 2009 there were only 12 million credit cards in circulation; that was 13.6 million and 14.6 million at the end of 2010 and 2011, respectively.

The circulation numbers equate to an average of 100,000 new cards issued per month in 2011, doubling the average of 50,000 in 2009.

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Indonesia’s Debt Rating Raised to Investment Level by Moody’s

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Wednesday, January 18, 2012

Moody’s Salutes Bank Indonesia’s New Credit Card Restrictions

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