Letter of Intent

Nizzu Fams, Ltd.

8th Street, Gangnam

Seoul

South Korea

Subject: Letter of Intent to Purchase DAISY Cushions

Dear Sir, Madam,

We take this opportunity to declare our intention to purchase DAISY Cushions from your organization in Gangnam, Seoul, South Korea. Our company is duly organized and existing under the laws of the State of Indonesia, based on its Deed of Incorporation and Articles of Association dated on 20/09/2009. The principal business address of our company is at Bintaro, Jakarta Selatan, while our principle activities include: wholesale trade, export, distribution, and limited production of final goods.

In line with the above stated, we, Zuari Sisters Co., hereby confirm with full responsibility that we are willing and able to enter into contract for the purchase of the following items,  as specified below, and that funding is available, including any import or export permits that may occur for the benefit of  this particular purchase;

Product: DAISY Cushions

Total quantity: 250000 pcs

Destination Port: Bintaro, Jakarta Selatan

Payment method: Transfer

We understand that this letter of intent is a starting point for further negotiations and operates as a framework under which the transaction can proceed.

We look forward to working with you on this proposal, hopefuly beneficial for both entities.

Sincerely,

Della Novria Zuari

Zuari Sisters Co.

Signature

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PRO-SIDE in Using Contactless Payment System in Indonesia

“Right now, retailers need to get to grips with the down of contactless payment. In the past week there has been a raft of announcements and news on alternative payment methods. Technologies everywhere are still convinced that they can come up with something better than cash for smaller transactions. The alternative method that retailers must consider in the immediate future is contactless payment. A few stories in London have gone live with the Barclaycard Business. Contactless payment system already more than 1.000 other sites have signed up to use it and 3.000 consumers have registered their interest in the system’s One Pulse contactless card.”

One of the example of using contactless payment system is applied by digital cash called e-Money. How is its application in Indonesia?

In Indonesia, almost all major telecom operators already took participation into the digital cash industry. Reported by Bank of Indonesia, the total value of e-money transactions in 2013 reached Rp 6,7 billion per day or Rp 2 trillion per year. While the total value of transactions in Indonesia is Rp 260 trillion per year. However, the adoption and expansion of using digital money in Indonesia still faces many obstacles and challenges. The public has been accustomed to use physical money which makes it difficult to move to digital money.

If there's a pro, then there's a contra to this statement. However, here I am standing on the Pro-side and will be giving some explanation why we should move to digital cash/e-Money.

• Could we use or apply it in Indonesia?

Yes of course we could! With the benefits and procedures, e-Money could be applied in Indonesia. The procedures are not too complicated because it's aligned with the existing IT developments. Indonesians are also no longer the ordinary people who find it difficult with technology. We just need to hold the demo about the use of digital money a few times and the public would be quickly understood.

• What are the advantages or benefits that we got as a consumer?

As a consumer, we will be given many benefits by using e-Money, such as:

1. Convenience. Having an e-money card that is handy and lightweight is much more convenient than carrying around cash. The users will be comfortable not having to bring a heavy purse.
2. Safer. The existence of the code used to lock the system in the card, allowing users to lock their money in the card so if the card is lost or stolen, others won't be able to use that money.
3. Time savings. Money transfer between virtual accounts usually takes a few minutes, while a wire transfer or a postal one may take several days. Also, you won't waste your time waiting in lines at a bank or post office.
4. User-friendly. Usually every service is designed to reach the widest possible audience, so it has the intuitively understandable user interface. In addition, there is always the opportunity to submit a question to a support team, which often works 24/7. Anyway you can always get an answer using the forums on the subject. 

• Which one would you prefer: card, cash or mobile phone?

I prefer card and mobile phone, because I always bring my wallet and mobile phone, so it will be easy for me to use it anytime and anywhere.

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English Tenses Used in Business English

Here, in this article, are 10 examples of english tense that used in business english. As you know, there are 16 kinds of tenses in english, however, I won't use all of them. So, if you're curious about what tense i used, i'll put the description in addition to the sentence:

1. Companies must increase its value to attract investors. (Simple Present Tense)
2. Indonesia is the only country in ASEAN to be included as a member of G20. (Simple Present Tense)
3. Indonesia was a country that experienced the financial crisis in 1997-1998. (Simple Past Tense)
4. Bank Indonesia is forecasting that the country's credit market will grow 10% to 12% in 2017. (Present Continuous Tense)
5. Economic growth is measured by comparing the current year GNP to the previous year GNP. (Simple Present Tense - Passive Voice)
6. The factors that affect economic growth are human resources, natural resources, the culture and the technology. (Simple Present Tense)
7. Indonesia has trimmed its debt to 20% of GDP in 2016. (Present Perfect Tense)
8. Indonesia’s economy has been reshaped by the emergence of new innovations such as digital healthcare, financial technology and entertainment. (Present Perfect Tense - Passive Voice)
9. United States is the world's most powerful country. (Simple Present Tense)
10. Bank Indonesia has officially published new Rupiah with new design by the end of 2016. (Present Perfect Tense)

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