SBY Said RI 50 Million Middle Class People, Population 10 Times Singapore

Jakarta President Susilo Bambang Yudhoyono ( SBY ) said the number of Indonesia's middle class is equivalent to 10 times the population of Singapore , or about 50 million people in 2013.
Even rapid growth is expected to occur within the Indonesian middle class the next 10-15 years . In 2030 the estimated number of middle class Indonesia reached 120 million people .
" Last year the middle class ( the middle class ) reached 50 million people . Was 10 times the population of Singapore . By 2030 , the number of middle class be 120 million , " Yudhoyono said at the occasion of the National Entrepreneurship Movement and Young Entrepreneur award (WMM ) and Mandiri Young Technopreneur ( MYT ) in Senayan Jakarta , Wednesday ( 01/15/2014 ) .
The middle class has the character has a high purchasing power . These capabilities can be glimpsed as a huge potential market for Indonesian entrepreneurs to provide quality products and services .
" They need goods and services of better quality . Economy in Indonesia is presently developing . Nope in Java alone , " he explained .
According to Yudhoyono , the development of new entrepreneurs is growing as the middle class , so that the national economy come terkerek ride . Even the new jobs will also be open or grow .
" Now more and more are willing to venture alone . They rescuer national economy . Question then is whether the country can still developing an independent business . Answer I firmly still . Makin forward to greater opportunities , " he explained

A well-balanced slate for the Federal Reserve

Given Friday's surprising employment report, it is understandable that the other big announcement that day — the one pertaining to governors for the Federal Reserve — attracted a lot less attention. Yet the news is more consequential for the economy and markets. It is also good news.
Last Friday, President Obama announced his intention to nominate three respected and talented individuals for the Board of Governors of the Federal Reserve: Jerome Powell (a renomination), Lael Brainard, and Stan Fischer.

Eric Piermont | AFP | Getty Images

The Governor of the Central Bank of Israel, Stanley Fischer to be nominated for Vice Chair of the Federal Reserve.

If approved by the Senate, they would join Janet Yellen's team at the most powerful central bank in the world. (Having been confirmed by Congress last week, Ms. Yellen will succeed Chairman Bernanke at the end of this month.)
Individually, each of the three nominees constitutes a good choice, bringing to the table a different mix of comparative advantages.Together, they form a well-balanced and strong slate at a particularly important time for Fed policy and, therefore, the economic and financial well-being of the country.
(Read more: Poll: Following the December jobs shocker, what should Yellen do?)
Mr. Powell, a lawyer by training, has already served as a Fed Governor for almost two years. He brought to the Fed valuable experience gained at the Treasury under President George W. Bush and in the private sector. He also offers continuity at a potentially fluid time for the economy and markets.
Ms. Brainard was at the Treasury more recently, having served until November of last year as Under Secretary for International Affairs. With an economics Ph.D. from Harvard and time at the Brookings Institution, she brings to the Fed strong international policy and academic expertise.

Play Video

Obama to nominate Stan Fischer for Fed vice chair

CNBC's Steve Liesman reports President Obama will nominate Stan Fischer to be Vice Chairman of the Federal Reserve and Jerome Powell to continue as Fed Governor.

The most inspired choice is that of Stan Fischer, who is also being nominated for vice chair. With Ms. Yellen as chair and Mr. Fischer as vice chair, the country would have a dream team at the head of the Fed.

Mr. Fischer's admirable qualities go beyond his enormous and highly-admired talent, experience, and personal integrity (all of which I observed first hand when we worked together at the IMF back in the 1990s. As I wrote in the Financial Times in June 2011 when Mr. Fischer was a candidate for the head of the IMF, he is also world class economist who uses his brilliance to engage rather than intimidate others.
(Read more: Op-ed: Why Fed's steering of economy is 'hazardous')
We should never underestimate the importance for the country of having the best at the Fed — and especially when political polarization and Congressional dysfunction limit what the administration can implement.

These days, the Fed has little choice but to take a disproportionate leadership role in economic policy making. In doing so, it inevitably has to use experimental and untested policy measures; and does so without the luxury of being able to refer to time-tested analytical models, historical precedents and/or established playbooks.

To succeed, the Fed needs policy makers who are innovative and bold thinkers, who are anchored by a solid foundation, and who are open to new information and can internalize it quickly. They also need to be responsive and cooperative enough to evolve their policy stance as conditions warrant.

(Read more: El-Erian: Bernanke's inaugural gift to Janet Yellen)
In such a context, and given Chairman Bernanke's departure, it is highly promising and encouraging that — following Ms. Yellen's confirmation, in the nominated slate of Governors, and given existing officials at the Fed — the country would have the right mix at the right time at our central bank.

by : CNBC.COM

China's forex reserves of U.S. $ 3.82 trillion, RI If Only U.S. $ 99.4 Billion

Beijing - China's economy is increasingly powerful in the world , no wonder the amount of foreign exchange reserves continued to rise higher . China's foreign exchange reserves well above Indonesia's foreign exchange reserves .
Bank Indonesia ( BI ) release , at the end of 2013 , Indonesia's foreign exchange reserves at the end of December 2013 was U.S. $ 99.4 billion , up $ 2.4 billion compared to the end of November 2013 amounted to U.S. $ 97 billion .
This amount is far less than China's , which until the end of 2013 the amount of foreign exchange reserves reached U.S. $ 3.82 trillion . The foreign exchange reserves rose from the position of the end of September 2013 , which reached U.S. $ 3.66 trillion .
Quoted by AFP on Wednesday ( 01/15/2014 ) , rising foreign exchange reserves is due to the trade surplus reached U.S. $ 259.75 billion last year . An increase of 12.8 % compared to 2012. Bamboo Curtain country is now occupying the second position , the state with the largest economy in the world .
The Chinese government reported that economic growth in 2013 reached 7.6 % , down from 2012 which reached 7.7 % . Economic growth is the worst in 13 years .

By detik.com