Indonesia’s forex reserves drop $9.4b in March as BI steps up efforts to stabilize rupiah

first_imgIndonesia’s foreign exchange (forex) reserves dropped US$9.4 billion in March to $121 billion as Bank Indonesia (BI) stepped up market intervention to stabilize the rupiah exchange rate amid heavy capital outflows, according to the central bank.Forex reserves have continued to decrease since February,  when they dropped from $131.7 billion in January, the second-highest level in the country’s history. March’s figure is enough to support seven months of imports and payments of the government’s short-term debts and is above the international adequacy standard of about three months of imports.BI said the decline in forex reserves in March was due to payments of the government’s external debts and market intervention to stabilize the country’s currency amid “extraordinary conditions due to panic in the global financial market triggered by the rapid and widespread effect of COVID-19 throughout the world”. The central bank has stepped up intervention in the spot foreign exchange and domestic non-deliverable forward markets, as well as bought bonds dumped by foreign funds, to anchor the rupiah, Governor Perry Warjiyo said recently.The central bank has purchased Rp 172.5 trillion in government bonds, including Rp 166.2 trillion from foreign investors in the secondary market.“Stabilization measures and policy mix reinforcement implemented by Bank Indonesia, as well as close coordination with the government and the Financial Services Authority (OJK), have gradually helped the market recover and market mechanisms have resumed since the last week of March 2020,” BI’s statement reads.Read also: Indonesia braces for recession, activates crisis protocolThe central bank was of the view that rupiah exchange rate against the greenback was relatively adequate and fundamentally undervalued. It expected the rupiah to appreciate to Rp 15,000 per dollar by year-end.“Bank Indonesia will continue to maintain reserve asset adequacy to bolster external resilience and preserve macroeconomic and financial system stability,” the central bank said.The rupiah stood at Rp 16,426 per dollar on Tuesday morning, having depreciated 0.09 percent, Bloomberg data showed.Topics : Read also: Rupiah inches closer to Rp 17,000 per US dollar as COVID-19 fears grow“The fear has induced capital outflow and amplified exchange rate pressures on the rupiah, especially in the second and third week of March 2020,” BI wrote in a statement on Tuesday.The rupiah lost around 15 percent of its value against the dollar in March as investors rushed to sell riskier assets and flock to safe haven assets amid fears over COVID-19’s rapid spread.Foreign investors have sold Rp 148.76 trillion (US$9.04 billion) in Indonesian assets, including Rp 135.08 trillion in government bonds and Rp 9.71 trillion in Indonesian shares, BI data shows.last_img read more

The Bachelor’s investment pad is back on the market

first_imgBachelor Australia’s Richie Strahan bought this property in Cloverdale, WA, in 2008.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoHe had it on the rental market at $350 a week in November, but this week dropped that down to $300 a week.The Bachelor bought the two bedroom, one bathroom, single garage property in 2008 for $420,000, and went all out to make it ready for tenants. He’s even willing to accept furbabies in the property if it locks in the right person. THE Bachelor’s Richie Strahan is back on the market – and he’s willing to make concessions to lock in the right person.According to red carpet watchers, the romance between Mr Strahan and Alex Nation seemed to have cooled of late, though the couple did make a joint effort to shine at the Logies a week ago.But it’s his investment property that seems to be the real thorn in his side. He’s also been plagued by lack of interest in his investment property – a 1957 bungalow that he undertook significant renovation work in. Bachelor Australia’s Richie Strahan’s Cloverdale home is available to rent for $300 a week now.last_img read more

Meet Queensland’s most expensive rental: Would you pay $12,800 a week to live like Christopher Skase?

first_imgThis mansion at 36 Dickson Terrace, Hamilton, is Queensland’s most expensive rental at $12,800 a week.MEET the most expensive rental in Queensland.You too can live the life of luxury fraudster Christopher Skase once enjoyed by renting out this palatial pad in the exclusive Brisbane suburb of Hamilton, but it’ll cost you a staggering $12,800 a week.That’s $1800 a day.Or, $665,600 a year — more than the median house price in Brisbane, which currently sits at $520,000, according to CoreLogic. This home at 36 Dickson Tce, Hamilton, is available for rent for $12,800 a week. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The Brisbane mansion has been on the market since July last year and last sold for $6.5 million in 2001.The next most expensive rental in the state doesn’t even come close to the price tag of 36 Dickson Terrace. The living room at 36 Dickson Tce, Hamilton, which is available for rent for $12,800 a week.Tenants will want for nothing, with features including a library, tennis court, swimming pool, spa, sauna, gym, eight person lift, wine cellar, theatre, billiard room and separate caretaker’s quarters (hired help will cost extra of course!). Marketed by David Hwang and Hee LIM of HD Property Group as “one of Australia’s finest residences”, the home sits on Hamilton Hill, 10 minutes from the CBD and “offers the executive tenants an enviable lifestyle”. Inside the mansion at 36 Dickson Tce, Hamilton, which is available for rent for $12,800 a week.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoMr Hwang said either the whole house, or parts of the house, were available for rent.He said inquiries had mostly come from local families.With nine bedrooms, nine bathrooms and eight car spaces, the property is certainly impressive. This home at 36 Dickson Tce, Hamilton, is available for rent for $12,800 a week.The house at 36 Dickson Terrace was built by Christopher Skase in 1988 at a reported cost of $35 million.The residence called ‘Bromley’ sprawls over an incredible nine titles on 2759sq m. The pool and view from 36 Dickson Tce, Hamilton, which is available for rent for $12,800 a week.Its walls are 12 metres high and made of one metre thick concrete, reinforced with steel. The study at 36 Dickson Tce, Hamilton, which is available for rent for $12,800 a week.Dripping with extragavance, the inside of the home is adorned with exotic granites, imported Italian marble and ancient jade furniture. X marks the spot Mansion with that wow factor Inner city unit priced at just $130K One of the nine bedrooms in the home at 36 Dickson Tce, Hamilton, which is available for rent for $12,800 a week.According to realestate.com.au, a holiday house in Buderim on the Sunshine Coast is available for rent for a much more affordable $3250 a week.Follow Liz Tilley on Twitter @liztilley84last_img read more

Switzerland’s Profond creates CIO role for more in-house control

first_img“We are active in more areas and investing more ourselves,” he added.  “For all these reasons, we decided we need internal co-ordination, which we feel will give us more control.“We felt the progress and changes we want to make can be achieved more easily with our own CIO.”As of the end of December 2015, Profond had around CHF6bn (€5.4bn) in assets under management, compared with less than CHF1.5bn some 10 years ago. The scheme has around 1,800 companies as members.When asked what changes Profond had in mind, Meyer said “there is no master plan as such” but that part of the point of hiring a CIO was to have someone inside the foundation to develop the scheme’s thinking on investment strategy.“The CIO will be the main motor behind this,” he said, adding that a core responsibility would be to oversee the investment process and the related organisational structure.Whether there will be other personnel or organisational changes remains to be seen, Meyer said.“Our focus,” he added, “is to think about substance.” Swiss multi-employer pension scheme Profond has created the position of CIO, with Christina Böck of AXA Investment Managers appointed to the new role.Böck has been at AXA for more than 15 years, most recently as head of solution strategists for Central Europe, and CIO Switzerland at AXA in Zurich.She will join Profond in mid-August, reporting to the board of trustees.Olaf Meyer, head of the board of trustees at Profond, told IPE the decision to hire a CIO was a reflection of the scheme’s growth and its increasingly complex investments.last_img read more

Pototan drug bust nets 3

first_imgEleven more sachets of suspectedillegal drugs were recovered from Randy and Jomar during their arrest around 1a.m. on Saturday, police said. ILOILO City – Three persons werearrested in an antidrug operation in Barangay Malusgod, Pototan, Iloilo. An undercover officer initially boughtfrom Bariguez a sachet of suspected shabu for P1,000. They were residents Calvin ClainBariguez, 27, his father-in-law Randy Pescuela, 47, and brother-in-law Jomar,21, a police report showed. The suspects – detained in the lockupcell of the Pototan police station – face charges for violation of Republic Act9165, or the Comprehensive Dangerous Drugs Act of 2002./PNlast_img read more

ITTF united against racism and all forms of discrimination

first_img Promoted Content8 Fascinating Facts About CoffeeWho Earns More Than Ronaldo?10 Greatest Disney Female Villains We Love AnywaysCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Big Movie Stars Who Got Famous Thanks To Soap OperasWho Is The Most Powerful Woman On Earth?6 Incredibly Strange Facts About HurricanesA Hurricane Can Be As Powerful As 10 Atomic Bombs7 Non-Obvious Things That Damage Your Phone9 Facts You Should Know Before Getting A TattooSome Impressive And Almost Shocking Robots That Exist10 Risky Jobs Some Women Do The ITTF was the first Olympic Sports Federation to recognise Kosovo as a member association in 2003. This paved the way for Kosovo’s recognition by the International Olympic Committee (IOC). “Our sport is present in every corner of the world and we must ensure we keep spreading the message: we say NO to racism in any form.” – ITTF CEO, Steve Dainton Table Tennis is played in 226 territories, representing all regions of the world. No matter where you come from, you are part of the table tennis family. Using table tennis as a tool to break down social and economic barriers is indeed at the heart of the ITTF Foundation’s mission. read also:ITTF chief executive proposes getting rid of individual World Championships “Since the creation of the ITTF Foundation in 2018, we have strengthened our specific programmes for refugees. Everyone in the world should have access to the practice of sport.” – ITTF Foundation Director, Leandro Olvech Staying true to its longstanding principles, the ITTF will continue to strive for equality and unity not only within the sport, but in the greater global community as well. FacebookTwitterWhatsAppEmail分享 In light of recent global events, the ITTF has reaffirmed this policy articulated by the following message posted across its social media channels: “On our table everyone is equal. It’s time to level the playing field of life.” Through this message, the ITTF recognises its responsibility as an international sports federation to raise its voice, conscious of the significant role that sport plays in society. “Our constitution makes clear the inadmissibility of discrimination against Associations or individuals on racial, political, religious, gender or other grounds. We are fully committed against all forms of discrimination.” – ITTF President, Thomas Weikert Table Tennis has been an inclusive sport since its origins. Men and women competed together at the very first World Championships in 1926. The ITTF professional events offer equal prize money for both men and women. In the field of race discrimination, the first of many victories against apartheid sport occurred in 1956, when the ITTF rescinded the membership of the all-white South African Table Tennis Union (S.A.T.T.U.) and formally recognised the non-racial South African Table Tennis Board (S.A.T.T.B.) as the “sole controlling body” of the sport in South Africa. Loading… International Table Tennis Federation (ITTF) has always held a zero-tolerance policy towards racism and all forms of discrimination.last_img read more

May 26, 2019 Police Blotter

first_imgMay 26, 2019 Police Blotter052619 Decatur County EMS Report052619 Decatur County Jail Report052619 Decatur County Fire Report052619 Decatur County Law Report052619 Batesville police Blotterlast_img

EPL: Bournemouth stun Leicester, boost survival hopes

first_imgRelatedPosts Gundogan tests positive for coronavirus Derby County want Jordon Ibe Ighalo: My best moment as ‘Red Devil’ Bournemouth breathed life into their Premier League survival bid on Sunday, coming from a goal down to beat fourth-placed Leicester City 4-1 for their first win in 10 games.Leicester were in command after Jamie Vardy’s scrappy first-half goal. But with the relegation trapdoor creaking underneath their feet, Bournemouth turned the match around in stunning fashion with Dominic Solanke scoring twice.For Leicester, defeat was a huge blow to their hopes of a top-four finish.Junior Stanislas equalised from the penalty spot in the 66th minute after a mistake by Leicester keeper Kasper Schmeichel, who was at fault again one minute later when he allowed Solanke’s shot to trickle over the line.To make matters worse for the foxes, defender Caglar Soyuncu was shown a straight red card after tangling with Callum Wilson immediately after Bournemouth’s goal.Leicester then collapsed in alarming fashion. Stanislas’s shot in the 83rd minute went in off Leicester defender Jonny Evans before Solanke seized on more dreadful Leicester defending to add his second.With Aston Villa winning earlier in the day, Bournemouth began the match second from bottom, six points behind fourth-from-bottom Watford.The victory – their first since February 1 – means that with three games remaining they still have hope of securing a sixth successive season of top-flight football.They moved back above Villa to 18th place on 31 points, three behind both Watford and West Ham United, who face each other in the next round of fixtures.Tags: BournemouthDominic SolankeJamie VardyLeicesterPremier Leaguelast_img read more

Premier League action

first_imgWest Ham secured their first Premier League points of the season.They grabbed a 1-0 win over Bournemouth in their opening top-flight game at their new home – the London Stadium.David Moyes’ first home game in charge of Sunderland ended in defeat. Christian Stuani’s brace handed Middlesbrough a 2-1 victory.last_img

AUDIO: Team Nigeria’s Performance At World ChampionShips Excites Igali

first_img 1. RelatedWRESTLING: Igali Hails Team Nigeria’s World Championships Performance (AUDIO)September 23, 2019In “Wrestling”WRESTLING: My Love For Igali Makes Me Turn Down Foreign Offers – Adekuoroye (AUDIO)February 19, 2019In “Wrestling”Igali Reflects On ‘Very Good’ Year For Nigerian Wrestling (AUDIO)December 9, 2019In “Wrestling” “Igali August 25” “You know; if we are going to prepare for the 2020 (Olympics), these are the matches we need. Nonetheless, Igali, an Olympic and World Champion (for Canada) in his days, says he is pleased with their outing given the circumstances that trailed the team prior to their departure for Paris and added that the experience garnered will be handy for the team going forward. President of the Nigeria Wrestling Federation Daniel Igali has told www.busybuddiesng.com that he is very proud of the performance of Team Nigeria at the ongoing World Wrestling Championships in Paris, France.Commonwealth Champion Odunayo Adekuoroye became Nigeria’s first-ever silver medal winner at the Championships following her 5-4 loss to Japan’s Haruna Okuno in the final of the 55kg weight class. Another Nigerian Blessing Oborududu (63kg) controversially missed out of a bronze medal after losing 8-7 to her Colombian opponent, Jackeline Castillo while Aminat Adeniyi (58kg) and youngster, Mercy Genesis (48kg) failed to win any medal. “And considering the circumstances, considering what we passed through to even get here (Paris), oh. I’m so extremely happy with their performance and their results,” he said. read more