May 15 2011 |
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Indonesia postpones Sukuk
Indonesia's finance ministry has postponed the planned May 10 sovereign Sukuk issue, as it awaits parliamentary authorisation for it to utilize a set of state-controlled underlying assets to guarantee the issue.The Ministry has not revealed the size of the offering, but it said that if parliamentary approval is not forthcoming for permission on the ability to use IR30tr ($3.5bn) worth of state-owned land and office buildings as collateral for the Sukuk, it will use road, rail and other infrastructure projects to back the issue, that has now been pushed to May 31.
Aboubakar
Dear Diary,
This is the second week of the Job Swap and I am finally getting the hang of the Call Centre job. The trick is to make sure that you do not become too involved with customers' problems, otherwise you end up feeling guilty about the way they are be treated and try to help them out and, as Chairman wisely said, 'That Way Madness Lies'.
I had been boasting to everyone about my recent appearance in the Turkish press until this week when I was well and truly trumped by the other Marketing Manager who managed to get his whole face in the newspaper. Since he is doing the Job Swap as the CEO he got to do the Annual Results Announcement and so he was seen in all the local newspapers! They even called him 'Acting CEO' and I am sure his mother would have been proud of that.
Our profit was not good, however, since it was down 473% on last year, but he did not seem to mind as he preened for the cameras. Almost as if he did not understand what he was saying he made the profit announcement with a smile and he thought he was so clever.
That made me cross and jealous but not quite so cross as when I saw that Raju, the Office Boy who was doing my job in the Job Swap, had sent out a press release that said that Acting CEO had 'liased with all the key stakeholders'! The second 'i' in liaise had been missed! What would happen if my mother saw that? She would think it was my fault and I would have to hang my head in shame.
I was so preoccupied with this that I almost missed the next announcement which was in the local newspaper today that said that Acting CEO had been fired because of the poor profit performance of the bank and for 'overreaching himself in areas that did not concern him' and that, with immediate effect he was to be replaced by the CEO.
After that I saw Chairman and CEO sharing a well deserved chuckle as they got into their private lift. They were probably delighted to get rid of someone from the bank who could not spell liaise correctly! The good news is that I get to take over the other Marketing Manager's duties in addition to my own - just as soon as I can get out of the Call Centre.
It's a funny old world, I said to myself as I cycled home. I wonder if the other Marketing Manager saw the funny side of it?
Follow Aboubakar online at www.theislamicglobe.com where he helps solve readers' marketing problems
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