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Koperasi dan UKM

Masa Depan Industri Pariwisata Ubud Bali, Butuh Entrepreneurship Berbalut Kearifan Lokal

UBUD, BALI, JURNAL IBUKOTA: Meski masih menjadi destinasi utama dunia,  namun industri pariwisata (tourism) Bali dituntut melakukan inovasi dan jangan hanya mengandalkan anugerah keindahan dan budaya yang selama ini melekat di pulau Dewata.

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Konstruksi & Infrastruktur

Kementerian PUPR Menerima Penghargaan Pengelola Surat Berharga Syariah Negara

JAKARTA, JURNAL IBUKOTA: Kementerian Pekerjaan Umum dan Perumahan Rakyat (PUPR) melalui Direktorat Jenderal Bina Marga menerima penghargaan sebagai Pengelola Surat Berharga Syariah Negara (SBSN) Terbaik Tahun Anggaran (TA) 2017 dari Kementerian Keuangan. Penghargaan diserahkan oleh Direktur Pengelolaan Kas Negara Rudy Widodo dan diterima oleh Sekretaris Ditjen Bina Marga, Soebagiono di Jakarta, pada Kamis (19/7).

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Global Debt Has Grown by $57 Trillion Since 2008, Posing New Risks to Financial Stability

JAKARTA, JURNAL IBUKOTA.COM: Seven years after the global financial crisis began, debt continues to grow and reach new peaks around the world, posing fresh risks to financial stability. Rather than stabilizing the level of debt, or deleveraging, all major economies today have higher levels of debt in relation to GDP than they had in 2007. In total, global debt has grown by $57 trillion since the crisis, raising the ratio of global debt to GDP by 17 percentage points.

 

 

A new McKinsey Global Institute report, Debt and (not much) deleveraging, examines the evolution of debt in specific sectors of 22 advanced economies and 25 developing countries. The report pinpoints three areas of particular risk to financial stability ahead: the rise of government debt to such high levels in some countries that new ways will be needed to reduce it; the continued rise in household debt – and housing prices – to new peaks in Northern Europe and some Asian countries; and the quadrupling of China’s debt over the last seven years, fueled by real estate and shadow banking. One bright spot is the deleveraging of the financial sector and decline of shadow banking in advanced economies, although non-bank credit remains important, particularly for corporations. The report concludes that to live safely with current levels of debt and avoid future crises, new innovations in how debt is created, managed, and resolved are required. 

 

“The growing debt of the global economy is an unwelcome development seven years after the financial crisis began. It slows the recovery, raises the risk of new crises, and it limits the ability to respond to them. What’s been surprising is the rapid growth of private-sector leverage across a range of economies. China’s debt as a percent of GDP is now higher than the US, Canada or Germany. At the same time, household debt has continued to soar in Northern Europe and in some Asian countries,” says Susan Lund, a partner at the McKinsey Global Institute (MGI).

 

“We must bear in mind that debt remains an essential tool for funding economic growth. But for hundreds of years we have seen repeated financial crises sparked by unsustainable debt. Debt also magnifies the impact of volatility in the economy – and I see no evidence that we are entering a less volatile world.  We need new tools and approaches that can dramatically improve how we manage and use debt to avoid history’s repeating itself,” says Richard Dobbs, London-based director of MGI.

Key findings of the report include:

 

·        Government debt is unsustainably high in some countries and will require new ways of resolving it. Government debt has grown by $25 trillion since 2007. Given current economic fundamentals, MGI projects it will continue to grow in most advanced economies (Greece, Ireland, and Germany are the exceptions). For six of the most highly indebted countries, starting deleveraging would require implausibly large increases in real GDP growth or unacceptably deep reductions in fiscal deficits. Countries may need to consider new approaches to reducing government debt, such as greater government productivity, more extensive asset sales, taxes, and more efficient debt restructuring programs.

 

·        Household debt reaches new peaks in some countries. Only in the core crisis countries—the United States, the United Kingdom, Spain, and Ireland—have households deleveraged. In many other countries, household debt-to-income ratios have continued to rise, fueled by mortgages and rising house prices, and in some cases they exceed the peak ratios seen in the crisis countries before 2008. These include Netherlands, Denmark, Sweden, Canada, Australia, as well as South Korea, Malaysia, and Thailand. One concern for these countries is avoiding property-related debt crises as seen in 2008. To safely manage high levels of household debt, more flexible mortgage contracts, clearer personal bankruptcy rules, and tighter lending standards and macro-prudential rules are needed.

 

·        China’s debt has quadrupled since 2007. Fueled by real estate and shadow banking, China’s total debt has nearly quadrupled, rising from $7.4 trillion in 2007 to $28.2 trillion by mid-2014. At 282 percent of GDP, China’s debt as a share of GDP, while manageable, is larger than that of the United States or Germany. Several factors are worrisome: half of loans are linked directly or indirectly to China’s overheated real estate market, unregulated shadow banking accounts for nearly half of new lending, and the debt of many local governments is likely unsustainable. However, we also calculate that China’s government has the financial capacity to bail out the financial sector should a property-related debt crisis break out. The challenge today will be to contain future debt growth and reduce the risks of such a crisis.

 

·        Shadow banking has declined, but non-bank credit is rising in importance. One bit of good news is that the riskiest forms of “shadow banking” in advanced economies are in decline – including credit default swaps, off-balance sheet securitization vehicles, and complex financial instruments built on subprime mortgages. In addition, banks have deleveraged and raised more capital, boosting financial stability. But with bank lending now constrained, other non-bank sources of credit—including corporate bonds and lending by non-bank intermediaries—are rising in importance. These sources account for nearly all new credit growth for non-financial corporations in advanced economies since 2008. In addition, new players, such as direct lending funds operated by alternative asset managers and insurers and online peer-to-peer lending services are becoming increasingly active. Today the sources of non-bank credit have few of the risks of “shadow banking” prior to the crisis, but they should be monitored carefully as they evolve and grow.

 

·        Innovations in how debt is created, managed, and discharged are needed. Given that deleveraging is rare, new approaches will be needed to manage and monitor debt. These include innovations in mortgage contracts to share risk and avoid default; stronger macro-prudential regulations to reflect overall leverage in the economy and dampen the credit cycle; more efficient restructuring of private sector debt; a broader range of tools to resolve government debt; rethinking tax incentives that encourage use of debt; enabling a healthy mix of bank and non-bank credit, including corporate bonds and simple securitization; and promoting healthy financial deepening in developing countries. 

 

The report will be available at www.mckinsey.com/mgi

 

 

 

 

 

 

 

primi sui motori con e-max

Gunung Agung Meletus Strombolian

Kepala Pusat Data Informasi dan Humas BNPB Sutopo Purwo Nugroho mengatakan pada Senin (2/7/2018) dari pagi hingga sore hari, Gunung Agung mengalami beberapa kali erupsi kecil dengan tinggi abu vulkanik sekitar 1.000 meter hingga 2.000 meter.  Kepala Pusat Data Informasi dan Humas BNPB Sutopo Purwo Nugroho mengatakan pada Senin (2/7/2018) dari pagi hingga sore hari, Gunung Agung mengalami beberapa kali erupsi kecil dengan tinggi abu vulkanik sekitar 1.000 meter hingga 2.000 meter.

"Pada Senin malam tiba- tiba masyarakat sekitar Gunung Agung dikejutkan letusan disertai dengan suara ledakan keras disertai dengan lontaran batu pijar. PVMBG melaporkan bahwa telah terjadi erupsi Gunung Agung, Bali pada tanggal 2/72018 pukul 21:04 WITA dengan tinggi kolom abu teramati ± 2.000 m di atas puncak (± 5.142 m di atas permukaan laut). Kolom abu teramati berwarna kelabu dengan intensitas tebal condong ke arah barat," kata Kepala Pusat Data Informasi dan Humas BNPB Sutopo Purwo Nugroho.

 

Mitra

 

Untuk Pemasangan Iklan, Advertorial atau Press Release hubungi 0878-8989-9469 (SMS) atau 0878-0856-1199 (WA)http://www.jasamarga.com/


Kementerian PU dan Pera

Novel “Jayaning Majapahit: Kisah Para Kesatria Penjaga Samudera” karya Agus S. Soerono penerbit Gramedia Pustaka Utama sudah dapat dibeli di semua toko buku Gramedia di seluruh Indonesia.

Transportasi

Kris Ade: Volume Lalu Lintas pada Periode Mudik 2018 Naik 5,6% di Ruas Tol Tangerang - Merak

CIUJUNG, JURNAL IBUKOTA: Presiden Direktur PT Marga Mandalasakti Kris Ade Sudiyono mengatakan peningkatan volume lalu lintas pada periode mudik Tahun 2018 diperkirakan 5,6% dibandingkan dengan periode yang sama tahun 2017.

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Lingkungan Hidup dan Kehutanan

Pasca Divestasi Saham, KLHK Harap Freeport Lebih Perhatikan Lingkungan

Penandatanganan pokok-pokok Perjanjian Divestasi Saham PT Freeport Indonesia (PTFI) berlangsung di Kementerian Keuangan, Kamis, (12 Juli 2018). Holding Industri Pertambangan PT. Indonesia Asahan Alumunium (Persero) atau INALUM, Freeport McMoran Inc. (FCX) dan Rio Tinto, telah melakukan penandatanganan pokok-pokok perjanjian terkait penjualan saham FCX dan hak partisipasi Rio Tinto di PTFI. Kepemilikan INALUM di PTFI setelah penjualan saham dan hak tersebut menjadi sebesar 51% dari semula 9,36%.JAKARTA, JURNAL IBUKOTA:  Penandatanganan pokok-pokok Perjanjian Divestasi Saham PT Freeport Indonesia (PTFI) berlangsung di Kementerian Keuangan, Kamis, (12 Juli 2018). Holding Industri Pertambangan PT. Indonesia Asahan Alumunium (Persero) atau INALUM, Freeport McMoran Inc. (FCX) dan Rio Tinto, telah melakukan penandatanganan pokok-pokok perjanjian terkait penjualan saham FCX dan hak partisipasi Rio Tinto di PTFI. Kepemilikan INALUM di PTFI setelah penjualan saham dan hak tersebut menjadi sebesar 51% dari semula 9,36%.

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Info Jalan Tol

Rombongan Komisaris dan Direksi Pantau Penyelenggaraan Jalan Tol Jasa Marga di Sumatera

Komisaris Utama PT Jasa Marga (Persero) Tbk. Refly Harun beserta Anggota Dewan Komisaris dan Direksi Jasa Marga mengadakan kunjungan kerja ke Cabang Belmera, Sumatera Utara, Jumat (20/7) hingga Minggu (22/7). Selain memantau perkembangan terkini Jalan Tol Belawan-Medan-Tj. Morawa, rombongan juga memantau progres pembangunan Jalan Tol Medan-Kualanamu-Tebing Tinggi (MKTT). JAKARTA, JURNAL IBUKOTA: Komisaris Utama PT Jasa Marga (Persero) Tbk. Refly Harun beserta Anggota Dewan Komisaris dan Direksi Jasa Marga mengadakan kunjungan kerja ke Cabang Belmera, Sumatera Utara, Jumat (20/7) hingga Minggu (22/7). Selain memantau perkembangan terkini Jalan Tol Belawan-Medan-Tj. Morawa, rombongan juga memantau progres pembangunan Jalan Tol Medan-Kualanamu-Tebing Tinggi (MKTT). 

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