The document summarizes a presentation on the impact of the global financial crisis in Asia and the Pacific region. It discusses how Indonesia was less impacted than expected due to strong economic growth prior to the crisis. While export and import growth declined, domestic consumption helped maintain GDP growth. The government implemented fiscal stimulus and social protection programs to mitigate effects. It also established a crisis monitoring system to better understand vulnerabilities and impacts on the poor.
The bank, established in 1984 in Sion, central Mumbai, has branches in six states but most of them are concentrated in Mumbai and Delhi.
On September 24, the bank’s managing director, Joy Thomas, had sent a text message to depositors about the RBI’s regulatory restrictions capping withdrawals up to Rs 1,000 for six months.
Thomas has since been arrested, along with the promoters of the Housing Development Infrastructure Limited (HDIL), Rakesh and Sarang Wadhawan, in an alleged fraud case.
Bank Of Baroda , Third largest Public Sector bank in India,
after State Bank of India and Punjab National Bank
Founded in 1908
Headquartered at Baroda
It has total of 3159 branches including 70 overseas
Has a total staff of 38063
CMD of BOB is M.D.Mallaya
The complete analysis of Cash Credit given by Bank. The ppt covers topics like definition, objectives,advantages, disadvantages,Drawing Power, calculation of Interest and Drawing power
The bank, established in 1984 in Sion, central Mumbai, has branches in six states but most of them are concentrated in Mumbai and Delhi.
On September 24, the bank’s managing director, Joy Thomas, had sent a text message to depositors about the RBI’s regulatory restrictions capping withdrawals up to Rs 1,000 for six months.
Thomas has since been arrested, along with the promoters of the Housing Development Infrastructure Limited (HDIL), Rakesh and Sarang Wadhawan, in an alleged fraud case.
Bank Of Baroda , Third largest Public Sector bank in India,
after State Bank of India and Punjab National Bank
Founded in 1908
Headquartered at Baroda
It has total of 3159 branches including 70 overseas
Has a total staff of 38063
CMD of BOB is M.D.Mallaya
The complete analysis of Cash Credit given by Bank. The ppt covers topics like definition, objectives,advantages, disadvantages,Drawing Power, calculation of Interest and Drawing power
Customer satisfaction level towards the service provided by the co operative ...Pritesh Radadiya
In this report all services of the SHREE RAJKOT DISTRICT CO-OPERATIVE BANK. Like loan facility, locker facility, fixed deposit facility and followed by other services provided by the bank have been analyzed and rehired with the help of primary data.
We have tried our level best to include each and special features of SHREE RAJKOT DISTRICT CO-OPERATIVE BANK. in this report.
Each part begins with an introduction section to know what actually does it means.
The very first part of the report starts with the history of banking and followed by the company’s information and analysis of primary data.
Religare Presentation - Research Methodology & Marketing StrategyKalpesh Pawar
This presentation is on Religare Enterprises Limited(REL). This presentation has been done in the perspective of research methodology and marketing strategy. You will find detailed information on Religare business strategies and its growth potential in the Indian financial, capital, insurance, asset and wealth management sector.
An Evaluation of Camels Rating System as a Measure of Bank PerformanceAbu Hasan Al-Nahiyan
The principle objective of the study is to evaluate the performance of First Security Islami Bank (FSIBL) on the bases of CAMELS rating system. Specifically this study will look into:
a) To understand the literature of CAMELS rating system.
b) To know about First Security Islami Bank Ltd.
c) To evaluate CAMELS components on FSIBL.
d) To evaluate composite rating on FSIBL.
To suggest some policy measures for financial improvement of FSIBL.
Foreign company Registration In India, Foreign Nationals looking for company registration In India, FDI FEMA Compliance for foreign Company In India, Foreign Company Registration in India. Guide on Company registration in India. FORM of FEMA , RBI Permission for company registration In India.
Customer satisfaction level towards the service provided by the co operative ...Pritesh Radadiya
In this report all services of the SHREE RAJKOT DISTRICT CO-OPERATIVE BANK. Like loan facility, locker facility, fixed deposit facility and followed by other services provided by the bank have been analyzed and rehired with the help of primary data.
We have tried our level best to include each and special features of SHREE RAJKOT DISTRICT CO-OPERATIVE BANK. in this report.
Each part begins with an introduction section to know what actually does it means.
The very first part of the report starts with the history of banking and followed by the company’s information and analysis of primary data.
Religare Presentation - Research Methodology & Marketing StrategyKalpesh Pawar
This presentation is on Religare Enterprises Limited(REL). This presentation has been done in the perspective of research methodology and marketing strategy. You will find detailed information on Religare business strategies and its growth potential in the Indian financial, capital, insurance, asset and wealth management sector.
An Evaluation of Camels Rating System as a Measure of Bank PerformanceAbu Hasan Al-Nahiyan
The principle objective of the study is to evaluate the performance of First Security Islami Bank (FSIBL) on the bases of CAMELS rating system. Specifically this study will look into:
a) To understand the literature of CAMELS rating system.
b) To know about First Security Islami Bank Ltd.
c) To evaluate CAMELS components on FSIBL.
d) To evaluate composite rating on FSIBL.
To suggest some policy measures for financial improvement of FSIBL.
Foreign company Registration In India, Foreign Nationals looking for company registration In India, FDI FEMA Compliance for foreign Company In India, Foreign Company Registration in India. Guide on Company registration in India. FORM of FEMA , RBI Permission for company registration In India.
Nigeria’S Economic Competitiveness In The African Contexticgfmconference
This paper addresses two key issues. First, we provide a set of basic facts on the current state of Nigeria’s economic competitiveness. Using the World Economic Forum’s Global Competitiveness Index, we identify Nigeria’s main competitive strengths and weaknesses. Comparisons with selected African and other countries provide an idea of Nigeria’s economic preparedness to move to a more advanced stage of development. Second, the paper focuses on the fact that in spite of huge oil resources, the nation’s economic competitiveness remains very low. We note the role of expenditure policy in managing the volatility of oil revenue/wealth, which has implications for economic development in Nigeria. We then highlight the areas on which the country should focus in order to achieve higher economic competitiveness, sustainable growth and enduring prosperity for its citizens. These include measures at the macro, micro, state, and regional levels, in addition to adopting sound and prudent fiscal policy, productive investments (especially on infrastructure and human capital), and diversification of the economy.
An nfpSynergy presentation on how advice charities are affected by the recession, and how they can combat the effects of the credit crunch. Includes data on how the recession is affecting charity income.
Pascal Hartmann is a German sociologist and an experienced strategy executive and theory designer. He is also the Director of the R & D Department at Logon Architecture. With an eye to the future, his work embraces the architectural heritage of the city in a sustainable fashion.
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Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
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Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
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Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
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Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
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Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
Royal Enfield is an Indian motorcycle company with British roots. She produces models of old motorcycles, which were very popular at the time, but, despite this, are in demand now. Motorcycles of this brand are also called "time machines".
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
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This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
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The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
3. Overview of Presentation
BAPPENAS
OVERVIEW OF MACROECONOMIC IMPACT
SOCIAL IMPACT OF CRISIS
RESPONDING TO THE CRISIS
• Fiscal Stimulus
• Social Protection
WAY FORWARD
• Tracking Vulnerabilities and Early Warning System
dadang‐solihin.blogspot.com 3
4. Macroeconomic Overview
BAPPENAS
When the international crisis hit the world, Indonesia’s overall economic
situation was promising.
Prior to the crisis, the country witnessed strong growth, peaking in mid
2008 with 6.4% growth.
The export sector boomed due to the world commodity boom.
Budget deficits remained low and external debt ratios declined from
almost 90% in 2000 to about 33% at the end of 2008.
Since the last crisis, Indonesia has also introduced several social protection
mechanisms.
This all assisted the country in dealing with the crisis and in mitigating its
impact on the economy as the next few slide will show.
dadang‐solihin.blogspot.com 4
6. Macroeconomic Impact of Crisis
BAPPENAS
Decline from Q4 2008 onwards but still positive with growth (y‐
o‐y) 2009: 4.0% in QII, 4.2% in QIII
Modest impact on remittances
In Sept. 2008 Stock Exchange Index dropped but since QI foreign
capital inflows resumed
Since beginning 2009 most economic indicators strengthened
again
• Strong domestic (private and public) consumption main
driver of growth
• Consumer confidence high
• Recovery of industrial activity
dadang‐solihin.blogspot.com 6
7. Macroeconomic Impact
BAPPENAS
As you can see from the graph, prior to the crisis Indonesia’s
export performance has been strong due to the world
commodity boom.
Export growth declined from QIII onwards, followed by falling
imports in QI 2009.
However, export growth resumed already in May 2009.
dadang‐solihin.blogspot.com 7
8. (y-o-y, %)
Ja
n,
-60
-40
-20
0
20
40
60
80
100
120
Fe 200
b, 8
M 200
ar
, 8
Ap 200
r, 8
M 20 0
ay 8
,
J u 200
n, 8
2
J u 00
l, 8
Au 20
g, 08
Se 200
p, 8
O 200
ct
,2 8
N 00
ov 8
,
D 20
ec 08
Export Grow th
,
J a 200
n, 8
dadang‐solihin.blogspot.com
Fe 200
b, 9
M 200
ar
,2 9
Ap 00
r, 9
M 20 0
Import Grow th
ay 9
Export and Import Growth, 2008-2009 (y-o-y, %)
,
J u 200
Macroeconomic Impact
n, 9
2
J u 009
l,
Au 20
g, 09
Se 20
Main Transmission Channel: Export and Imports
p t 09
,2
00
9
8
BAPPENAS
9. A Reflection of Impact of
1997/98 Asian Financial Crisis BAPPENAS
Before going into detail about the social impact of the current crisis, it
is useful to go back to the impact of the 1997/1998 crisis.
In the 1997/98 crisis Indonesia’s economy contracted by nearly 14%.
The impact of the crisis was compounded by the El Nino phenomenon
leading to drought and a shortfall in rice production, while the instable
political climate in the wake of the fall of the Suharto regime
complicated the formulation and implementation of mitigation policies.
As you can see from the graph, poverty increased rapidly, reaching
33.2% in late 1998 and then gradually falling again. Common coping
strategies included cutting down on food consumption, moving into
informality and agriculture, reducing spending on health care and
education. As a result school attendance rates dropped, particularly at
the secondary level and many people stopped attending health care
centres.
dadang‐solihin.blogspot.com 9
10. A Reflection of Impact of
1997/98 Asian Financial Crisis BAPPENAS
Poverty Rates between Feb. 1996 and Feb. 2002
35
33.2
30
28.0
27.1
25
24.1
22.9 22.3
20
18.1
15.3 15.4 17.4 18.7 15.5
18.7
15
14.2 10.3
13.1
10
5
0
dadang‐solihin.blogspot.com 10
11. Poverty and Vulnerability
BAPPENAS
While poverty rates since then have been falling to pre-crisis levels,
there is a very high clustering around the poverty line – as you can see
from the graph. More than half of the population in Indonesia lives
below US$2/day.
These households are facing a very high probability of becoming
tomorrow’s poor during an economic crisis or as a result of an
exogenous shock.
dadang‐solihin.blogspot.com 11
12. Poverty and Vulnerability
BAPPENAS
Large Number of Indonesians Vulnerable to Poverty
59.3% below US$2/day
US$2/day (PPP)
US$1/day (PPP)
10.4% below US$1/day
dadang‐solihin.blogspot.com 12
13. Percentage of Poor People
BAPPENAS
There are wide disparities in Indonesia with
poverty rates particularly alarming in the East of
the country and Aceh.
However, in terms of absolute numbers, most of
the poor are concentrated in Java and Sumatra.
dadang‐solihin.blogspot.com 13
14. Current Crisis – Impact on Poor
Preliminary Findings BAPPENAS
Preliminary findings show that overall social impact of crisis
limited
Workers in export‐oriented manufacturing most affected
but overall employment in manufacturing grew
Unemployment rates continue to decline
Food insecurity levels, however, remain high and make
many susceptible to increases in food prices
dadang‐solihin.blogspot.com 14
15. Government Response
BAPPENAS
Fiscal Stimulus Package
To strengthen and maintain stability of domestic financial
sector
To stabilize and stimulate domestic economy by fiscal
expansion in 2009
Social Protection Mechanisms
Rice for the poor (RASKIN)
Community Empowerment Programme (PNPM)
Cash transfers (BLT, etc.)
dadang‐solihin.blogspot.com 15
16. Government Response –
Fiscal Stimulus BAPPENAS
Stimulus Package 2009 (In IDR Trillion)
Description IDR Trillion
1 Tax Savings 43
Reductions in Income Tax Rates: 32
Lower Corporate Tax Rate 18.5
Lower Personal Income Tax rate 13.5
Income tax-free band raised to IDR 15.8 million 11
2 Tax /Import Duty Subsidies for Business/Targeted Households 13.3
VAT on oil/gas exploration, cooking oil 3.5
Import duties on raw materials and capital goods 2.5
Payroll tax 6.5
Geothermal tax 0.8
3 Pro-business/Jobs subsidies + budget expenditures 15
Reduced price for automotive diesel 2.8
Discounted electricity billing rates for industrial users 1.4
Additional infrastructure expenditures + subsidies + government 12.2
equity injection
Upscaling of Community Block Grants (PNPM) 0.6
Total Stimulus 73.3
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Source: Coordinating Ministry of Economic Affairs, 2008
17. Establishing a Crisis Monitoring System
BAPPENAS
Establishment of crisis monitoring and response system
• To understand the impact of crisis on vulnerable
• To undertake appropriate, targeted and effective policy
response
Ongoing data collection activities include
• Crisis impact household survey (World Bank/BPS)
• Pilot food security and nutrition monitoring survey
(WFP/UNICEF/ILO)
• Qualitative studies
• Regional assessments
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18. Beyond the Crisis
BAPPENAS
Impact of global crisis less severe than anticipated
Current economic crisis intersects with food price crisis,
follows fuel price crisis
Different crises show that policy makers lack data to design
and target response in timely manner
Setting up a crisis impact and vulnerability monitoring and
response system
Preparing for future crises/ exogenous shocks ‐ early warning
system
Building a sustainable system
Linking monitoring with response
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19. Monitoring Vulnerabilities
BAPPENAS
The system seeks to track vulnerabilities across multiple
dimensions of distress and will focus on vulnerabilities caused or
exacerbated by external shocks.
A simple, manageable indicator framework is being developed with
both, lower frequency, ‘contextual’ indicators drawn from existing
data bases and higher frequency, ‘pulse’ indicators drawn from
ongoing qualitative and quantitative assessments.
As you may know, on the global level the UN, on request of the
G20, is setting up a Global Impact and Vulnerability System
(GIVAS) which envisions to include similar data and analysis on
the global level.
For those interested, we have provided the web addresses of our
evolving website as well as the one of GIVAS.
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20. Monitoring Vulnerabilities
BAPPENAS
MDGs/Human
Development
Indicators
(DevInfo, BPS,
Disaster UNDP)
Risk
Vulnerability Monitoring Response/
Indicators Social Protection
(DESINVENTAR) Schemes
VULNERABILITY PNPM, etc.
INDICATORS
Macro Indicators (early
warning/ transmission Crisis Impact
channels) Indicators
Bank of Indonesia, IMF, BPS, Food Insecurity
MoF (BPS/WB survey;
UNICEF/WFP/ILO; JICA))
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21. BAPPENAS
Thank You
for further information on Indonesia:
www.vulnerabilitywatch.web.id/v1/
for further information on Global Impact and
Vulnerability Alert System (GIVAS):
www.voicesofthevulnerable.net
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