SMANJO

Many people like to watch Hollywood movie but many get trouble in understanding to the actors' dialogue. So the way they get the understanding about the movie is reading the translating text running. If Hindi translation is provided, it will bring the better understanding for Indian moviegoer. Hollywood movie spread over other Asia countries. Therefore, Arabic translation, Indonesian translation and Farsi translation are widely needed and that is a big chance for English master in that countries.

India is likely being an English speaking country. India translation will grow better and. It seems Indonesia, Malaysia and Filipina will reach that mark too soon. Translation job will be great in amount and that is good development for translating job seekers.

Access to Clean Water: A Problem for Indonesia | Access to clean water is one of Indonesia's biggest problem. According to the Millennium Development Goals (MDGs) Report 2007, published by the National Development Planning Board, piped water is accessible to 30.8 per cent of households in the country's cities and 9 per cent in its villages. Such figures show the limitations of the municipality's water service provider, PDAM.

Lack of investment in clean water is one reason PDAM gives for its limited outreach. Based on a government statement, to meet the MDGs target by 2015, Indonesia needs Rp43 trillion (US$4.6 billion) in clean water funding. The government currently provides Rp500 billion.

In order to close the funding gap, the government expects private investment in drinking water infrastructure.

In order to close the funding gap, the government expects private investment in drinking water infrastructure. The need for clean water funding is something that cannot be covered by private investment. In Indonesia, most PDAM utilities have small scales of economy and are therefore unattractive to investors. There is no evidence to suggest private investors will improve the efficiency and effectiveness of water services, whereas the government has a duty to do so. Increasing public funding for clean water infrastructure is the most rational approach for Indonesia. This effort should begin with an analysis of the needs of locals. This should be done through a democratic and participatory process. There are resources and mechanisms the government could employ to increase clean water funding, such as state and local budgets, grants, government bonds and community-public partnership.

In order to use a grant system, the government should improve its proposal management and clearly

focus on real needs in order to widen clean water services. PDAM could use existing funds more efficiently. if it could reduce leakages from 40 per cent to 20 per cent, it would have more disposable funds to invest in infrastructure. PDAM should use cost recovery principles, as long as costs are not passed on to consumers. Cost recovery principles should also be supported by a proper subsidy mechanism. Bond investing is a traditional lending instrument for public services. The mechanism needs conditions, such as strong capital structure at local level.

A few of mechanisms in place now do help the poor access clean water at affordable prices. The most

important thing is to make sure the mechanisms run properly and that the needs of people at the local level are met through appropriate funding. 

Opportunity in the Global Financial Crisis | US financial crisis and its contagion to Europe and the rest of the world could also create new opportunity for Indonesia in term of foreign direct investment and the development of basic infrastructure.

As the US, financial crisis has now spread to Europe, the oil-rich countries such as Saudi Arabia, Kuwait and Arab Emirate which have accumulated hundreds of billion of Dollars in their foreign reserve, are now reviewing their holding or investment vehicle. They are looking for more diversified investment outside the US and Europe.

Because of unfavorable political developments in Thailand and Malaysia over the past few months, Indonesia which has largely Muslim population could become one of these oil-rich countries' favorite place for foreign direct investment. That will be true if the conditions, legal and market infrastructures are conducive for Islamic financial instruments.

The government had improved the legal framework with the recent actment of laws on sharia banking and bonds. The long term nature of Islamic bonds could make them the most suitable investment instrument for Indonesia, as these bonds grant an investor a share in an asset along with the cash flows and risks commensurate with such ownership.

The financial crisis that has gripped the globe and weakening economic growth in the rest of the world will serve to the government to accelerate the 

investment reform measures in order to grab the hidden opportunity in the global crisis.