As of 4:59 p.m. in Jakarta on Friday, the rupiah had weakened more than 15 percent against the US dollar this year. It broke the Rp 16,000 mark during the day, a level unseen since the 1998 crisis. The benchmark stock index, the Jakarta Composite Index (JCI), has lost a third of its value this year.As of Thursday, a Rp 105.1 trillion capital outflow had been recorded this year as foreign investors dumped Rp 92.8 trillion worth of government bonds and Rp 8.3 trillion in stocks, BI data shows.“Our foreign exchange reserves are more than enough,” Perry said when asked about the impact of the market rout on the central bank’s dollar reserves. At $130.4 billion in February, Indonesia’s dollar reserves represent 7.7 months of imports, well above the 3-month international adequacy standard.Bahana Sekuritas economist Satria Sambijantoro said the potential rebound of the rupiah would depend on the government’s efforts to contain the COVID-19 pandemic. The rupiah breached Rp 16,000 against the US dollar on Friday, the weakest since the 1998 crisis, taking its toll on central bank reserves, corporate debt obligations and import-reliant industries as the COVID-19 pandemic prompts an Indonesian asset selloff.Bank Indonesia (BI) Governor Perry Warjiyo said on Friday that the central bank had spent Rp 163 trillion (US$10.1 billion) to buy government bonds in the secondary market to stabilize the rupiah as foreign investors exited the market.“The stabilization efforts that we’ve taken focus on providing a supply of dollars, which we will continue doing through intervention […],” Perry told a teleconferenced press briefing, referring to the central bank’s bond buying and intervention in spot and non-deliverable forward markets. “We think most of the rupiah’s weakness was driven by psychological – not fundamental – factors due to the ‘two-tier pricing’ in the forex market that discourages exporters and bonds investors from holding on to their rupiah-denominated assets, fearing further depreciation,” he wrote.The government has pledged to allocate Rp 120 trillion (US$7.5 billion) from the 2020 state budget to stimulate the economy, which may grow at the lowest level in 15 years, just above 4 percent, Finance Minsiter Sri Mulyani Indrawati said.State-Owned Enterprises Minister Erick Thohir said the weakening of the rupiah against the US dollar could also impact state firms’ debts, including flag carrier Garuda Indonesia.“We have been negotiating regarding the airline’s [condition] for more than a month,” Erick said in a teleconferenced press briefing on Friday. Garuda may need to restructure its foreign-denominated debts as it has struggled to pay its obligations as the pandemic hits the travel industry hard, he added.Garuda Indonesia issued US$496.8 million in global sukuk (sharia-compliant financial assets) on June 3, 2015. They are due to mature on June 3 with an annual return of 5.95 percent, according to the company’s financial report released in September of last year.For import-reliant producers, the rupiah depreciation would increase costs in a sector already hit by supply chain shocks resulting from the COVID-19 pandemic.“If manufacturers want to keep their products competitive in the market, they have to pick a factor of their costs that they can cut, which is their workforce,” said Indef Center of Industry, Trade and Investment researcher Andry Satrio Nugroho.Andry predicted that the factory activity benchmark, the IHS Markit Purchasing Manager’s Index (PMI), would fall drastically in March. The index managed to climb to expansion for the first time since June at 51.9 in February. A reading above 50 indicates expansion, and one below 50 indicates contraction.“We have to finish the virus problems first, and then industries can catch up, just like what China is doing right now,” said Andry, adding that the recent stimulus should focus on healthcare instead.Chamber of Industry and Commerce (Kadin) vice chairman for industrial affairs Johnny Darmawan said on Thursday that the depreciating rupiah would be a further drag on already sluggish business activities due to social distancing measures taken by consumers and enterprises.President Joko “Jokowi” Widodo on Sunday urged Indonesians to practice social distancing, a public health measure to slow the transmission of an infectious disease by staying 1 meter away from other people in the case of COVID-19. It involves “working from home, studying from home and praying from home”, the President said.“Production has declined because of social distancing measures to slow down the coronavirus. Business has already been lethargic,” said Johnny.Manufacturing industry players have complained about the disruption in the supply of raw materials as measures to contain COVID-19 bind factory production across Indonesia. Between 20 and 50 percent of raw materials for domestic industry are sourced from China, Indonesia’s biggest trade partner.The government previously announced two rounds of stimulus packages including a package worth Rp 22.9 trillion that includes individual and corporate tax breaks. The first package, worth Rp 10.3 trillion and announced on Feb. 25, provides for staple needs and mortgage subsidies for low-income families and fiscal incentives for travel-related businesses.Indonesia had 369 confirmed cases of COVID-19 and 32 deaths as of Friday. Globally, the pneumonia-like illness has infected over 240,000 people and has claimed at least 10,000 lives. (mpr)Topics :
The community dog park at Liberty Park has been a success so far, according to parks commissioner.Officials hope a community dog park in Batesville will be here to stay by next year.The city installed a trial-based dog park on the east side of the tennis courts at Liberty Park in August, after the proposed area was relocated from South and Depot Streets.“The dog park was used heavily, and the city received very positive feedback on the park.” said Parks Commissioner Mike Baumer.The city hopes to have a permanent dog park installed by next spring if funding is available.“If a permanent dog park is added, it will be made bigger,” reported Baumer.He indicated that he would like to have the drainage issue resolved before the dog park would open.Baumer added, “The trial based dog park at Liberty Park will be closed for the winter, on or after November 18.”
Area Boys And Girls Basketball Scores.Friday (12-2)Boys Scores.South Dearborn 53 Jac-Cen-Del 28East Central 51 Milan 36Oldenburg 55 Edinburgh 39South Decatur 55 North Decatur 54SW Hanover 63 Shawe Memorial 17Connersville 45 Rushville 15Triton Central 63 Waldron 55Eastern Hancock 60 SW Shelby 33Morristown 76 Indy Lutheran 59Girls Scores.Franklin County 60 Shelbyville 43South Ripley 67 Rising Sun 27Milan 59 Seton Catholic 28Hauser 55 Indy Lutheran 35Triton Central 62 Waldron 28Shawe Memorial 52 SW Hanover 32
New Delhi: Former Australian legendary leggie Shane Warne thinks that Indian spinner Ravinchandran Ashwin did not give enough flight while bowling to the English batsmen on the Day 3 of the ongoing fourth Test at the Ageas Bowl, Southampton. Warne believes that Ashwin bowled too fast and was too hard on his action.Aussie legend Shane Warne took to the micro-blogging platform Twitter to share his thoughts on Ashwin and said that anything above the 275-run mark will be difficult for the visitors.ALSO READ: England vs India, Day 3: Top 5 talking points from Southampton Test“Test match very evenly balanced in Southampton – anything more than chasing 275 will be difficult for India. My thoughts on Ashwin – he’s fighting the expectations that were on him as the pitch is turning – hence he’s rushing his action along with bowling consistently too fast!!,” Warne wrote.Aussie legend Shane Warne took to the micro-blogging platform Twitter to share his thoughts on Ashwin and said that anything above the 275-run mark will be difficult for the visitors. “Test match very evenly balanced in Southampton – anything more than chasing 275 will be difficult for India. My thoughts on Ashwin – he’s fighting the expectations that were on him as the pitch is turning – hence he’s rushing his action along with bowling consistently too fast!!,” Warne wrote.Ashwin did not take notes from England’s Moeen Ali, who took a fifer to down the Indian batting order by consistently hitting the rough patch on the pitch and hence the difference in wickets between both Ashwin and Ali.WATCH: Dwayne Bravo’s 0, 6, 6, 6, 6, 6, against St Kitts and NevisThe Tamil Nadu spinner was heavily criticised by the fans on social media for experimenting with too many variations.Ashwin only picked up the wicket of English all-rounder Ben Stokes as he did not look sharp on the Day 3 of the fourth Test between England and India.On the end of Day 3 of the Southampton Test, England’s scoreboard displayed 260/8 and were leading by 233 runs with Sam Curran on the crease.Hosts England lead the series 2-1 after winning the first two Test matches. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
New look ARC revamps executive leadership team February 18, 2020 StumbleUpon Related Articles ARC continues financial support for greyhound trainers during COVID-19 shutdown April 15, 2020 Share Share ITV secures three-year British racing broadcast deal August 5, 2020 Submit The Arena Racing Company (ARC) has revealed a multi-million pound development scheme for Newcastle Racecourse and High Gosforth Park, following on from the success in similar previous work undertaken.Planning to submit its plans for the next stages of its development to Newcastle City Council in Autumn this year, it is hoped the proposals will boost the international prestige of the racecourse, in addition to creating a plethora of new jobs and driving a significant uplift of visitor numbers through the city. Improvement detailed for the racecourse estate includes an approximate 3,500m2 events centre, alongside significant refurbishment of the public and hospitality areas, as well as the racing staff accommodation. In its media statement ARC also outlined its plans for High Gosforth Park, which includes the development of “high quality” residential accommodation, and refurbishment to the listed Brandling House and its associated public space.David Williamson, Executive Director of Newcastle Racecourse, said “Our plans will complete the transformation of Newcastle Racecourse into a world class sporting venue. The development of the racecourse, and the wider High Gosforth Park Estate, will provide a significant boost to Newcastle’s local economy and help create a number of jobs.“These plans will completely transform the customer experience here at Newcastle, with brand new facilities for racegoers including bars, restaurants and hospitality suites, alongside significant upgrades for owners and trainers as well as the accommodation for racing staff. “We very much look forward to hearing people’s views on the plans, and welcome feedback at the exhibition on 31 August. We look forward to introducing the public to our plans and hearing their views.” A public consultation has been launched on the plans, with local residents invited to submit their views. Newcastle Racecourse will host a public exhibition and drop-in session before racing on 31 August between 12:00 and 16:00.
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (2) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +1 Vote up Vote down G Sugar · 303 weeks ago Did this maybe happen on Wed? Report Reply 0 replies · active 303 weeks ago 0 Vote up Vote down Mo67 · 303 weeks ago Was the driver ticketed for this?? Report Reply 0 replies · active 303 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Wellington City and Sumner Cable official erect poles west of town due to wire mishap Thursday evening.Sumner Newscow report â€” An oversized load getting caught on utility wires west of Wellington is the reason for the power outage at several homes on the northwest corner of Wellington.Around 7:30 p.m. or precisely the bottom of the first inning of the Kansas City Royal World Series game, the electricity went off and stayed off for about 30 minutes.Wellington Interim City Manager Shane Shields said a trucker had pulled off the side of the road on U.S. 160 and the top of the oversize load on his trailer snagged utility lines and breaking off a couple of poles in the process at the KDOT gravel pit a half mile west of Wellington.The result was an electrical outage in west Wellington for about 30 minutes. No other part of town was affected. Shield said the electric crew was out there with repairs for four hours. This morning new poles are being set.Follow us on Twitter.