Eugene Schueller start a business as well as from his job as a chemist. As a young chemist, he managed to create an innovative formula for hair dye he calls the “aureole”. Then Schueller founded the company called “Societe de Teentures Inoffensives Franncaise pour Cheveux” in the year 1909, which eventually became “L’Oreal”. Schueller principles used to achieve success is to research and innovation which focuses on beauty. Starting from a small company and he himself as a chemical expert, just 11 years later adds three alchemists and chemists are now approaching 2000 are employed. Schueller was initially sold its products to the hairdresser in Paris. Five years later, L’Oreal products have been found in the Netherlands, Austria and Italy. Several years later, through its representative agents and distribute to the United States, Russia and Asia. Now L’Oreal products have been present throughout the world and L’Oreal, including that of the most admirable companies in France and an amazing 23 world ranked by Fortune magazine version.

From his job as a teacher in high school, from the village of Mr, Tatang Marta Handapherang, District Handapherang, Ciamis regency, West Java to start a business with waste wood to make a wide range of souvenirs. Waste from mahogany, pine, palm trunks sonokeling until watches can be boxes, sticks, small flower vases, wall clock shaped watches, jars, place matches, bowls, spoon the soup until the pencil desk. He just wants to waste wood that have been treated poorly, it can be more useful. At first Mr.Tatang start this business by the community and her fellow teachers. Even thought the requesting donations when Mr Tatang search for the remains of wood from factory to factory, and gazing with a strange look and was called “Mang” by those factories. After knowing Mr. Tatang was a teacher, new people are calling to apologize and replace it with “sir”. But the toughest and longest problem faced by Mr. Tatang is a marketing problem. “Souvenir from a small village who want to buy?. Would be brought to the city I have yet to have a friend who has a shop or showroom to display my goods. More unlikely again I try to sell around like selling fish or vegetables “said Mr. Tatang. Eventually he joined the show and left a business card on his fellow craftsmen / entrepreneurs who met at the exhibition. “Thank God, that’s where the buyers finally began more as a way to escape from the marketing problem” said Mr Tatang. Than just interested in the exhibition finally they invite cooperation and even eventually find agents who market their goods abroad. That was the beginning of the most successful businesses, laughed at and being looked at with a cynical view. Now the goods made by Mr. Tatang enthused not only domestically, but to foreign countries, such as America, Japan, Korea, Australia, Singapore to the Middle East.

State Foreign Exchange Administration Bureau (SAFE) does not give any explanation to such exchange will be allocated. Government of China has not confirmed will change the type of asset allocation and currency to be used.

Previously, the Government of China had announced that their investments in Europe a key market for the fund is currently investing their wealth. The economists estimate, China invested 65 percent-70 percent of their funds in the form of United States dollars, while 20 percent-25 percent of the rest in euros.

“China will adopt a prudent and active principles in managing their wealth,” SAFE said in his statement on the website.

Description is made when Foreign Minister Qin Gang said that the government need not be too worried about the debt they hold. The statement is a comment on the statement made by the U.S. Senate, who asked Obama and his cabinet to check and manage the risks of U.S. foreign debt.

“It should not be politicized,” said Qin. He affirmed that anyone who sells bonds must comply with prevailing market

Regional Morning: Asian stock markets rose for two consecutive days with increasing interest of investors toward riskier assets amid speculation that the European debt crisis will not hamper economic growth. Canon Inc., Which acquired 31% of sales from Europe, up 2.2% in Tokyo after the European Central Bank raised growth forecasts for the euro area this year. Samsung Electronics Co. (+2.5%) in Seoul. BHP Billiton Ltd. (+2.2%) After the strengthening of metals and oil prices. Nikkei (+1.9%) 9.719 KOSPI (+1.66%) 1.679 S & P / ASX 200 (+1.4%) 4.495 STI (+0.9%) 2803

Commodity: Crude oil prices surged to its highest level in the past four weeks following the increase in equity markets after economic reports from China, Japan and Australia, indicating the strengthening of global economic recovery. Oil prices rose 5.7% in the last three days because of higher export figures of China in the highest level in six years and Japan’s economic growth in the fastest pace in the second quarter 2009 in a period of three months to March. The Dow Jones Industrial Average rose 2.8% and the euro exchange rate also rose for the third day WTI Crude -0.1% (75.4 U.S. dollars / barrel), Gold 100 +0.3% (EUR 1.220 / t oz), CPO -0.5% ( RM 2.532 / MT), Nickel -1.7% (USD 18.945 / MT), Tin +2.0% (EUR 16.650 / MT).

Economic & Industrial News

Finance: European crisis had little influence multifinance

Indonesian Financial Services Association (IFSA) to assess the finance industry is not much affected by the crisis of Europe because most multi accessing loans from foreign banks denominated in Japanese yen. IFSA Chairman Wiwie Kurnia said the crisis was to give Europe its own sentiment, especially related to access financing company financing. However, according to him the effect is not large.

Economic: The IMF believes RI able to keep the economy

International Monetary Fund (IMF) believes the Indonesian government is able to keep the economy from the global turmoil, including the European crisis, although there is a change of personnel in the economic team of the United Indonesia Cabinet II. Division Chief IMF’s Asia-Pacific call Agus Martowardojo new Indonesian Finance Minister Sri Mulyani Indrawati replaces, has a wealth of experience managing different economies, the banking sector. In addition, many associated with the reform track record.

Euro: ECB Hold Interest Rates Not Changed

European Central Bank maintained its key interest rate at a record low 1.0 percent on Thursday, as financial markets demanding details about the controversial program to buy bonds from the euro zone countries. “As usual pleasantries about the appropriate level of interest rates still remain high despite the uncertainty will not be enough this time,” said Societe Generale economist James Nixon. Governor of the European Central Bank (ECB) last month decided to buy billions of euro bonds issued by countries such as Greece, Ireland and Portugal, but the move is opposed by at least one senior official and damaging the credibility of the ECB. ECB President Jean-Claude Trichet said the previous day that the option was not discussed in regular meetings the bank in early May.

U.S.: U.S. Budget Deficit Shrinking

U.S. government budget deficit shrank 28 percent in the year-to-year to 135.93 billion dollars in May, the finance ministry said Thursday. The deficit is the 20th consecutive month of federal red ink. The latest data from the federal government brought the deficit during the first eight months of the fiscal year ended September 30, 2010 to 935.61 billion dollars – 53.35 billion dollars less than the previous year. Receipts fell in May to 146.80 billion dollars from April, but expenditures also dropped to 282.72 billion dollars, the finance ministry figures showed. Figures for May deficit was lower than that estimated 142 billion dollars most economists and the Congressional Budget Office, a nonpartisan agency that provides economic data for members of parliament. Given the “small differences” between the CBO and the actual data, the market reaction will be limited, Briefing.com analysts said in a note to clients.

Economic: Oil Price Increases Driven Export of China, the IEA projections

Crude oil rose for the third consecutive day in New York on Thursday, driven by China’s strong export data and optimistic outlook for energy demand from the International Energy Agency. New York’s main futures contract, light sweet crude for July delivery, closed at 75.48 dollars per barrel, up 1.10 dollars from Wednesday’s position. In London, Brent North Sea crude oil for July delivery added 1.02 dollars to settle at 75.29 dollars per barrel. “This is encouraged by news from China that showed significant improvement in China’s exports, so that people feel it would lead to increased demand for oil,” said Andy Lipow of Lipow Oil Associates. China, Thursday said its trade surplus surged in May amid strong foreign demand which encourages exports rose 48.5 percent from a year ago. Figures that trade helps alleviate concerns that the debt crisis would cost the euro zone’s third largest economy and second largest energy consumer in the world, seen as a major engine of world oil demand.

China: Some of China’s economic data will come out today

Economic data that will be released today (Friday, 6.11), among others, Industrial Production, Inflation, PPI, Retail and Urban Sales Fixed Asset investment. Predicted inflation rising from 2.8% to 3%. While PPI is expected no change, still on the level 6.8%.

Corporate news

ASII: Explore Buy 47% Shares Owned ASF General Electric

PT Astra International Tbk (ASII) is in the process of buying a 47% stake in PT Federal International Finance (ASF) held by General Electric Capital Corporation. This acquisition will create over 100% shares ASII ASF.Kedua manandatangani parties have been purchase agreement (Conditional Share Sale and Purchase Agreement) on June 10, 2010. Simultaneously, SP ASII also signed Conditional Share Sale and Purchase Agreement for the purchase of shares owned by General Electric Capital Asia Investments Inc. at PT Komatsu Pratama much as 47%.

BMRI: Self-drill a new consumer credit Rp6, 5 trillion

PT Bank Mandiri Tbk targeting at this year’s new credit released reaching Rp 6,55 trillion or an increase of 28% to Rp29, 95 trillion if compared with the same period the previous year. Target credit exceeds the projections of the banking industry average of 20% -24%. Consumer sector has become a pillar of bank credit because of the level of public demand never subsided even during the crisis. Executive Vice President of Consumer Finance Bank Mandiri Coordinator Mansyur P. Nasution said that until now the total consumer loan portfolio has reached Rp25 trillion. This means that already grow Rp1, 6 trillion into the first half of this year.

BNII: BII boost cooperation with 35 business partners

PT Bank Internasional Indonesia Tbk (BII) to improve cooperation with the 35 strategic business partners through the provision of Financial Service Supply Chains. BII continues to develop the Financial Supply Chains in supporting the needs of strategic business partners who continue to develop with due regard to the potential market. Thus, BII can make a positive contribution to the development of real sector and growth of the Indonesian economy, said President Director of BII. Cooperation signed by the President Director of BII with a strategic partner of BII 35 representatives consisting of a variety of industries including information technology industry, pulp and paper, cement & un-metal excavating industry, consumer goods, building construction, property, automotive, heavy equipment, mini, financial institutions, travel agencies and telecommunications.

DURATION: Can U.S. $ 185 Million Loan

PT Multistrada Sarana Tbk Direction get immediate credit facility from a syndicate of banks amounted to U.S. $ 185 million in July 2010. These funds will be used to increase tire production capacity to be doubled. There are three banks that entered in the syndicate, including Bank CIMB Niaga, Bank Internasional Indonesia (BII), and HSBC. There is also a Credit Union’s institutions, from Germany amounted to U.S. $ 45 million.

BTEL: Telkom Buyers Right Issue Alert Bakrie Telecom

PT Telekomunikasi Indonesia Tbk (Telkom) and PT Bakrie & Brothers Tbk will be a standby purchaser public offering (rights issue), PT Bakrie Telecom Tbk, which is scheduled for August 2010. An executive involved in the cooperation, said the action is the early stage of consolidation of fixed telephone services based on CDMA (Code Division Multiple Access) owned by Telkom and Bakrie Telecom, Flexi and Esia.

BNGA: CIMB Niaga Offer Yield 10% -11%

PT Bank CIMB Niaga Tbk offered kuopn yield (yield) of subordinated bonds (subdebt) amounting to Rp1, 5 trillion in the range 10% to 11%. Director of Bank CIMB Niaga said it is subordinated bonds denominated in rupiah sebdebt first. Previously the company had issued subdebt in rupiah denomination. Previously the company has issued dollar denominated subdebt worth U.S. $ 100 million.

Bipi: Immediately Elnusa Acquisition Complete

Benakat Petroleum Energy Tbk PT (bipi) in the near completed the purchase of 12.55% stake in PT Tridaya Esta PT Elnusa Tbk (ELSA) worth Rp302, 5 billion. The Company has set aside to complete the acquisition transaction.

TOWR: Remove 10% Stake

PT Sarana Tower Nusantara Tbk (TOWR) immediately release 10% of new shares without preemptive rights (non-ER). Djarum Group business unit is targeting the acquisition of funds Rp215, 99 billion. Tower Facility will unleash 102.02 million shares at a price per unit Rp2.117.

JPFA: U.S. $ 50 Million Investment

PT Japfa Comfeed Indonesia Tbk (JPFA) will invest U.S. $ 50 million or about Rp465 billion in 2010. Funds amounting to U.S. $ 25 million will be allocated its subsidiaries, PT Indonesia Tbk Multibreeder (MBAI). (Investor / NLT)

META: New Stock Price Discount 20% Nusantara

Toll road operator PT Nusantara Infrastructure Tbk (META) plans to issue new shares (rights issue) with the ER 8.5 billion shares at a price of USD 88 per share or equivalent to Rp 748.7 billion. With the price of Rp 110 per share at the close Wednesday, June 9, or the day before the announcement of the company, the price of new shares were offered 20% discount.

MRAT: Dividend Payment Schedule

PT Mustika Ratu Tbk (MRAT) will distribute a cash dividend amounting to 20% of total net income earned in the fiscal year ended December 31, 2009 or a total of USD 9.82 per share, with the following schedule: cum dividend on the regular market and negotiation : July 1, 2010 ex-dividend in the regular market and negotiation: July 2, 2010 cum dividend in cash market: July 6, 2010 ex-dividend on cash markets: July 7, 2010 recording date: July 6, 2010 Payment date: July 20, 2010.

JSMR: BPJT Form 4 Evaluation Team 24 Toll Road

Toll Road Regulatory Agency (BPJT) formed four teams for the evaluation of 24 projects including the Trans-Java toll. Four teams tasked with evaluating the ability of the equity investor and project feasibility. BPJT head Nurdin Manurung said four had been in charge of the evaluation team from the beginning of the week has a task force to evaluate the feasibility of each project. Evaluation of toll roads is realized by referring to the Minister of Public Works Peratudan No 06/PR/M/2010 about guidelines for evaluation of toll road concessions forwarding. The evaluation result will determine the continuation scheme toll project if it turns out these fields still have economic value to be continued.

BSDE: BSD Target Sale Houses Rp1, 5 Trillion

PT Bumi Serpong Damai Tbk target of Rp1, 5 trillion in home sales in the region along the BSD City township in 2010. Until the first quarter of this year, BSD has been successfully achieved residential sales amounted to Rp600 billion. BSD President stated that he target the BSD City will be able to sell residential units amounted to Rp900 billion, in the next three quarters.

“Plus the euro is starting to strengthen against the US $ from 1.9 to 1.21 to make the position fueled rupiah would come up,” says Head of Research and Futures analyst PT Monex Investindo to okezone Johannes Ginting, Friday (06/11/2010).

According to him, strengthening the rupiah is still very dependent on the latest situation in the European crisis and if you see two days before a positive increase on the opening day of this amount tends to a positive direction.

“Rupiah is expected to strengthen to a level between Rp9.150-9180 per US $,” he explained

But it was likely to weaken rupiah will return to the level of Rp9.300 per US $. This is due to negative sentiments from the European crisis.

In trading yesterday, the rupiah closed victorious and not affected by the weakening of the Composite Stock Price Index (CSPI).

Based on data from yahoo finance, the rupiah was trading on Thursday (10/6/2010) closed at Rp9.232 level, five after previous open Rp9.252 level, 5 per US $.

Meanwhile, according to data rates when the central Bank Indonesia (BI) rupiah closed at the level Rp9.250 per US $. The strengthening of world oil prices at USD74 per barrel level to be one trigger of the strengthening rupiah.

In trading Thursday (10/06/2010), the Dow Jones index closed sharply higher to 273.28 points (2.76%) to the level of 10172.53. Index Standard & Poor’s 500 climbed 31.15 points (2.95%) to a level of 1086.84 and the Nasdaq gained 59.86 points (2.77%) to a level of 2218.71.

Energy sector shares led the strengthening of the S & P energy index rose 4.9% was recorded. Shares of British oil company, BP Plc, which had slumped sharply finally rebounded 12.3%, Exxon Mobil rose 3.10%.

Energy stocks are also driven by rising crude oil prices to above U.S. $ 75 per barrel. Light, sweet crude oil contract rose 1.5% to a record level of U.S. $ 75.48 per barrel.

The positive sentiment came from Europe namely after Spain was able to sell bonds worth U.S. $ 3.9 billion euro, with investor interest that looks large enough to be a positive sign. This makes the euro’s position improved to 1.2% and traded above 1.21 dollars.

Good news also came from China which recorded an increase in exports up 50% during May compared to last year. It assuage investor fears the crisis will impact Europe to the global growth.

“Bid bond running good and strong Spanish China exports very profitable. You get some good news for some big stocks driving the market,” said Brian Lazorishak, Chase Investment Counsel’s portfolio manager, as quoted from Reuters, Friday (11/06/2010).

But trade is not running too busy with transactions in the New York Stock Exchange reached 9.16 billion shares, below average last year reached 9.65 billion.