BI injects $10.1b to stabilize bond markets as investors dump Indonesian assets

first_imgThe central bank pledged to work together with the government and the Financial Services Authority (OJK) to develop further measures to stabilize the country’s financial market. Perry said the current situation was different compared to the 1998 and 2008 financial crises as the it was faced by financial markets and investors around the globe.Read also: Investors question government’s transparency in handling COVID-19 crisis“Investors and market players dumped all their assets in stocks, bonds and gold and cashed them into dollars. All countries experienced the same thing, including Indonesia,” he added.Indonesia has recorded 308 confirmed cases of COVID-19 and 25 deaths as of Thursday. Globally, the pneumonia-like illness has infected more than 244,000 people and claimed at least 10,000 lives.The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.50 percent following another cut last month to help spur the weakening economy.BI revised down on Thursday Indonesia’s economic growth projection to between 4.2 percent and 4.6 percent this year, which would be the lowest levels since 2005. That compares with last month’s projection of between 5 and 5.4 percent.It also announced measures to calm the market rout and stabilize the rupiah, including by intensifying bond-buying in the secondary market and cutting banks’ reserve ratio. Topics : Read also: BI cuts rate, sees growth plunging to 15-year low as COVID-19 roils economyBI data recorded Rp 105.1 trillion in capital outflow as of Thursday, of which foreign investors dumped Rp 92.8 trillion worth of government bonds and Rp 8.3 trillion in stocks.The rupiah has weakened more than 15 percent against the this year to Rp 16,172 per dollar as of 3:14 p.m. in Jakarta, a level unseen since the 1998 crisis. The Jakarta Composite Index (JCI), meanwhile, recorded more than Rp 10 trillion in foreign net sell so far this year as it lost around 33 percent of its value.“The majority of capital flight occurred in March in line with escalating COVID-19 infections in developing countries. This has resulted in investors dumping their assets and converting them into dollars,” Perry went on to say.center_img Bank Indonesia (BI) has bought about Rp 163 trillion (US$10.1 billion) worth of government bonds to stabilize the country’s financial market amid foreign investors’ selling spree over COVID-19 fears.In addition to the bonds purchase, the central bank also intervened in the foreign exchange spot market and domestic non-deliverables forward to ease pressures on the rupiah.“We are focused on maintaining confidence, ensuring the market mechanism to work properly and maintain liquidity in US dollars and the rupiah,” BI Governor Perry Warjiyo said after attending a limited Cabinet meeting on Friday.last_img read more

Governor and First Lady Wolf Join Health Professionals, Advocates, & Legislators to Denounce Senate Bill 3

first_img February 17, 2017 Governor and First Lady Wolf Join Health Professionals, Advocates, & Legislators to Denounce Senate Bill 3 SHARE Email Facebook Twittercenter_img Press Release,  Public Health,  Women’s Rights Abington, PA – Governor Tom Wolf and First Lady Frances Wolf today joined women’s health advocates and medical professionals, along with Representative Madeleine Dean, Senator Art Haywood, Representative Steve McCarter, and Representative Mary Jo Daley to denounce the fast-tracking of Senate Bill 3 which would eliminate a woman’s right to make choices about her own health care in consultation with her doctor.“I want to thank the members of the General Assembly who have stood against this bill. Let me be clear: Should Senate Bill 3 reach my desk, I will veto it,” Governor Wolf said. “I am not threatening a veto out of partisanship, or due to some political back and forth. I am promising this veto to demonstrate that Pennsylvania will not play games with women’s healthcare in our Commonwealth. Simply put, this legislation severely limits women’s ability to make informed and timely decisions about their own health care options. That is not the place of government.”“Senate Bill 3 is an unwise, unscientific, unvetted, and unconstitutional bill,” said Representative Madeleine Dean. “It is dangerous and is anti-woman, seeks to take both the choice and the decision making away from a woman, her doctor and her family—and bizarrely puts critical medical decisions in the hands of the Pennsylvania legislature.  All of this without so much as a hearing or consultation with experts and doctors.”Senate Bill 3 proposes the most extreme restrictions on abortion in the country. It would ban abortions after twenty weeks except in the rarest of circumstances, leaving no exceptions for rape, incest, health or tragic fetal anomalies. The bill would also ban one of the safest methods of second trimester abortions, putting women at risk and taking crucial decisions about their medical care out of the hands of their trusted medical providers.“This vote was based upon a bunch of quacks,” said Senator Art Haywood. “There’s no medical basis for the decisions a group of non-doctors have made. And they made this decision on behalf of Pennsylvania’s women without the input of those women or the doctors who serve them.”The Pennsylvania Senate recently passed the bill, despite bi-partisan opposition, through committee and the floor in just three days with limited debate and no expert witnesses or public hearings. The bill now awaits action by the House of Representatives, where a similar version passed last session.Governor and First Lady Wolf were joined today by women who have had to make devastating decisions about their pregnancies. If SB 3 were to be passed, women facing the same circumstances would be stripped of their right to make these personal, family decisions.“I am grateful for the one element of control I had in an otherwise powerless situation: the decision to end our pregnancy and with it our son’s pain and suffering,” said Erica Goldblatt Hyatt. “This is the paradox, I learned, of being a mother: in my case, loving my son so deeply that it meant choosing to say goodbye. Though that choice rests on my heart every day, I know it was the right one for our family, and I am grateful to live in a State where our Governor supports the rights of women like me to make it, autonomously, with those who know and love her best.”Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolflast_img read more

Why is K used to indicate a strike in baseball?

first_imgMost baseball fans can recognize BB for “base on balls” and HR for “home run”, but why do they use a K to indicate a strikeout?  Here is how the story goes:  Henry Chadwick, an early baseball pioneer, is credited with developing score keeping for a baseball game.  In the 1860’s he was a sports writer in New York City.  He used the capital K for strikeout because he felt that the K was the most prominent letter in the word “strike”.Over the years, it has become common to use the capital K in its normal forward position for a swinging strikeout and a backwards K for a strikeout “looking”.If you go to the Reds games, you can watch them place these K’s on a wall in the left field stands.  Everyone is interested in this because if there are 11 or more K’s out there, every ticket holder is entitled to a free personal pizza from LaRosa’s.  Even in a losing game, people still get excited when they get close to 11 K’s on the wall in the left field stands.last_img read more