Tugas B.inggris2 menentukan Tense

By: FTsa on Selasa, Maret 31, 2015

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Rupiah stabilizing but 
risks remain: BI

Satria Sambijantoro, The Jakarta Post, Jakarta | Business | Sat, March 28 2015, 12:28 PM

Business News

As the rupiah has stabilized(present perfect tense[S {the rupiah} + have/has + v3(past participle){stabilized}]) in recent days, Bank Indonesia (BI) says it will not become(Present Future tense[S {it} + will (not) + v1 {become}]) complacent, citing the seasonal increase in dollar-demand that will reach(future tense[S {that} + will + v1{reach}) its climax. BI Governor Agus Martowardojo says the future movement of the rupiah in coming months would be influenced(past future tense [S{the rupiah} + would + be + v3{influenced}]) not only by external dynamics, such as economic developments in the US or China, but also domestic factors, notably the potential increase in dollar demand among on shore corporations.

“In Indonesia, we have a cyclical pattern (Present Perfect Tense [S{We} + have + v3 {cylical}]) between March and June when there will be a risein foreign-debt payments and earnings repatriation,” BI Governor Agus Martowardojo told reporters (simple past tense[S{Agus Martowardojo} + v2{told}]) on Friday.

Having taken a battering earlier this month, the rupiah has stabilized(present perfect tense[S{the rupiah} + have/has + v3/past participle{stabilized}) of late as foreign fund inflows returned after an easing of concerns that the US central bank would soon hike(past future tense[S {US ceentral bank} + would + v1 {hike} ]) its interest rate. On Friday, the rupiah traded(simple past tense[S {the rupiah} + v2 {traded})at 13,064 per dollar, relatively unchanged compared to earlier this week, when it stood(simple past tense[S {it} + v2 {stood} ]) at 13,067 per dollar, according to the Jakarta Interbank Spot Dollar Rate (JISDOR).

Last week, the currency depreciated (simple past tense[S {the currency} + v2 {depriciated}]) to 13,209 per dollar, the weakest level since the 1998 Asian financial crisis when the country recorded(simple past tense[S {the country} + v2 {recorded}]) at least US$1 billion of fund outflows from the bonds market.

·      March-June high season for foreign debt payments and earnings repatriation

·      Despite recent selling-off, BI believes RI’s financial market remains in good shape

·      BI to intervene in the market to anchor currency stability mid-year

“In the first two weeks this month, there has been pressure [on the rupiah] due to outflows, but we are now seeing(present continues tense[S {we} + tobe {are} + v1-ing {seeing}]) returning inflows in the third week,” said Agus.

Despite the recent selling-off pressure, the Indonesian financial market remained(simple past tense[S {the indonesian financial market} + v2 {remained}]) in good shape as it still registered a net foreign inflow of Rp 42 trillion ($3.2 billion) year-to-date, the BI governor added. Foreign investors have bought(present perfect tense[S {foreign investors} + have/has + v3 {bought}]) at least Rp 5 trillion in Indonesian government bonds in the past two weeks, Finance Ministry data shows. That has led(present perfect tense[S {That} + have/has + v3 {led}) to a stabilization in one-month volatility for the rupiah, a measure of currency swings, which dropped 27 basis points this week to 12.07 percent, Bloomberg reported.

In response to the surging dollar demand in the middle of the year, BI would intervene(past future tense[S {BI} +would+v1 {intervene}]) “significantly” in the market to ensure currency stability, Senior Deputy Governor Mirza Adityaswara said on Friday. He said the central bank would not loosen(past future tense[S {the central bank}+Would + not +v1 {loosen}) its grip on the rupiah in an attempt to pile up its foreign exchange (forex) reserves.

Despite the depreciating rupiah, BI’s forex reserves have been on the upward trend, touching $115.5 billion by the end of March compared to $111.8 billion earlier this year, prompting suggestions that the central bank had scaled(past perfect tense[S {the central bank} +had+v3{scaled}) back its market intervention and had would tolerate currency depreciation.

“Some people have argued(present perfect tense[S {some people} + have/has + v3 {argued) that BI did not intervene(past tense[S {BI} + did + not + v1 {intervene}])) in the market because it focused(past tense[S {it} + v2 {focused}])) on piling up its reserves,” the senior deputy governor noted.

“What’s worth highlighting here is that BI is serious in the market(present tense [S {BI} + be + v1 {serious}+ O {the market}]), is serious to guard the rupiah. We are ready to intervene (present tense [S {We} + be + v1 {ready} + O {intervence}])  if there’s any turbulence in the financial market,” stated Mirza.

Helmi Arman, the chief economist of Citibank in Indonesia, predicted(past tense[S {Helmi Arman} + v2 {predicted}])the rupiah’s depreciation would have limited(past future perfect tense[S {the rupiah’s depreciation} +would+have+v3 {limited}]) pass-through to imported inflation, but warned the central bank that the impact would likely be felt in consumer sentiment and economic growth. There would be a risk that the rupiah’s depreciation could further impact household spending and exacerbate the declining growth rate of household consumption, he explained.

“Businesses can also see the cost of capacity-expansion rising as industrial machinery is mostly imported,” Helmi wrote in a research note. “Amid reduced(past tense[S {Amid} + v2 {reduce}])optimism on consumption growth, some businesses may well opt to wait and see, thereby delaying their expansion plans.”

- See more at: http://www.thejakartapost.com/news/2015/03/28/rupiah-stabilizing-risks-remain-bi.html#sthash.6WPHXGo6.dpuf