Rupiah Predicted to Still Loyo until Activities of IMF and Sri Mulyani Bosses in Bali

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1. Rupiah is Predicted to Still Drop Next Week, This is the reason that the Rupiah is predicted to be volatile again in the Monday trading session (8/10/2018) in the range of Rp. 15,110-15,240 per US dollar. Economist for the Institute for Development of Economics and Finance (Indef), Bhima Yudhistira said, the rupiah weakening occurred consistently until the end of September. The increase in Bank Indonesia's benchmark interest rate and the intervention of foreign exchange reserves this time apparently did not work to control the rupiah. According to Bhima, there are a number of factors that make the rupiah weaker. First, global factors are influenced by 10-year Treasury Yields or US debt which has reached 3.23 percent.

2. SoftBank Adds Investment of US $ 500 Million in Grab Investment of 500 million US dollars by SoftBank Group for Grab on-demand transportation companies is getting closer to an agreement. The investment is part of Grab's efforts as one of the largest companies in Southeast Asia to obtain new funding sources with a nominal value of US $ 1 billion. Quoted from CNBC, in the last six years since it was first formed, Grab has raised funding of more than 6 billion US dollars from SoftBank, Dush Chuxing, and Toyota Motor. As for the latest funding last month, Grab's valuation currently reaches 11 billion US dollars.

3. Australia Donates Millions of Dollars for Post-Disaster Management Central Sulawesi Australia provides additional support to Indonesia for handling post-earthquake and tsunami in Central Sulawesi. This was done to see that the number of victims continued to increase and tens of thousands of homes were destroyed and heavily damaged. Australian Foreign Minister Marise Payne said, additional funds provided by Australia amounted to 4.5 million Australian dollars. "This makes our total aid of 10.25 million Australian dollars for disaster relief efforts," he said in a written statement on Sunday (10/07/2018). Previously, Australia had distributed aid amounting to 5 million US dollars and 500,000 US dollars for disaster management in Central Sulawesi. Payne said, this support would provide additional humanitarian assistance, health and logistical assistance to respond to urgent needs, and assist recovery efforts.

4. September 2018, the lowest US unemployment rate in 49 years The unemployment rate in the United States fell to 3.7 percent in September 2018. The figure was the lowest since December 1969. The US economy added 134,000 jobs last month, the figure is below estimates and this year's monthly average. Quoted from CNN Money, the US Department of Labor stated, the storm that hit Florence had quite an effect on the level of employment. This is because employment opportunities for the service sector are slightly lower compared to the trend that has been steadily increasing in recent months. But on the other hand, the increase in the number of employment opportunities in the revised two months increased to 87,000 jobs, thus increasing the monthly average to 211,400 jobs.

5. IMF boss, Sri Mulyani, Luhut, and BI Governor to Plant Coral Reefs in Bali The International Monetary Fund (IMF) Annual Meeting Committee-2018 World Bank or 2018 IMF-World Bank Annual Meeting planted coral reefs in Nusa Dua, Bali. Coral reef planting is expected to create a unique and beautiful natural underwater aquarium. It is known that 60 percent of the world's coral reefs are in Indonesia.

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Rupiah Predicted to Still Loyo until Activities of IMF and Sri Mulyani Bosses in Bali Rating: 4.5 Diposkan Oleh: berita tegal