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Indonesia records 20-year low inflation around Idul Fitri as pandemic upends purchasing power

first_imgIndonesia booked record low inflation in May leading up to Idul Fitri as the COVID-19 outbreak upended demand and reined in consumer spending, Statistics Indonesia (BPS) announced Tuesday.The consumer price index (CPI) stood at 0.07 percent in May, the lowest in 20 years and lower than the 0.55 percent recorded in June last year, when Idul Fitri was celebrated. The annual inflation rate was recorded at 2.19 percent, much lower than the 3.32 percent in May last year and the 3.28 percent in June last year.Meanwhile, core inflation stood at 0.06 percent in May, bringing the annual rate to 2.65 percent, while administered prices saw inflation of 0.67 percent. Volatile food prices saw deflation of 0.5 percent. “The uncertainty surrounding the economy has made the inflation level very unusual and much lower than in previous years, as demand usually spikes during the Idul Fitri holiday,” BPS head Suhariyanto said in a livestreamed news conference. “We need to work on boosting people’s purchasing power.”May’s figure marks the lowest Idul Fitri inflation level in the country’s 74 year history, as during the Muslim holiday people usually participate in mudik (exodus), family gatherings and mass shopping sprees that boost demand.This year, the government banned mudik and several regions nationwide implemented large-scale social restrictions (PSBB) to contain the COVID-19 outbreak, leaving millions of people out of work. The virus had infected at least 26,900 people as of Monday afternoon, according to official data, since the government announced the first two confirmed cases in early March.BPS data revealed that the highest level of inflation, 0.87 percent, was seen in the transportation sector in May, followed by the health sector with 0.27 percent. However, the food, beverage and tobacco segment saw 0.32 percent deflation, as food prices dropped amid the pandemic. “The transportation sector recorded the highest inflation driven by rising prices of airline and train tickets, despite the government’s appeals for people not to travel,” Suhariyanto said. “However, it was very low compared to previous years.”Despite the mudik ban, the government still allows certain officials and individuals to travel after providing certain documents and requires airlines and bus and train operators to limit passenger numbers to 50 percent capacity.Bank Indonesia (BI) Governor Perry Warjiyo said last week that this month’s inflation level was driven by low consumer demand and weak commodity prices, among other things, adding that inflation would remain within the central bank’s target of 2 to 4 percent this year.“Several factors caused May’s inflation to be low, such as COVID-19, which has lowered demand for goods, and weakening global commodity prices,” Perry said. “Another factor is that the rupiah exchange rate remained stable, while inflation expectations anchored.”The rupiah appreciated more than 13 percent from a recent low of Rp 16,575, a level unseen since the 1998 financial crisis, to Rp 14,415 on Tuesday, Bloomberg data show.“Going forward, inflationary risks throughout 2020 are well balanced between global disinflation on the back of plunging energy prices and potential supply distortions due to measures to withstand COVID-19,” Bank Danamon economist Wisnu Wardana wrote in a research note, adding that the bank forecast this year’s inflation to be 2.85 percent.“We do not see inflation as a factor that may alter BI’s ongoing accommodative stance,” said Wisnu. “Although the low inflation level opens room for BI to lower its benchmark rate, the current priority is to maintain exchange rate stability.”  The central bank decided to leave its benchmark interest rate unchanged at 4.5 percent at a monthly meeting in May as it aimed to safeguard the stability of the financial market while ensuring sufficient liquidity for the country’s banking sector amid the economic impacts of COVID-19.“While we are watching BI’s stance closely, we maintain our view that BI will hold its benchmark rate,” Bank Mandiri economist Andry Asmoro said. “The factors limiting further policy rate cuts are potential risk in the balance of payment in 2020, specifically from the financial account side, which may affect the stability of the rupiah’s exchange rate and the higher fiscal deficit projection of above 6 percent of GDP.”He projected this year’s inflation to reach 2.69 percent, higher than last year’s 2.59 percent, due to increasing gold prices amid higher uncertainty in the financial market, increased supply of money from the economic stimulus and higher prices of imported food.Topics :last_img read more

What time does the January transfer window close in 2019?

first_img Phil HaighWednesday 30 Jan 2019 4:10 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link24Shares Gonzalo Higuain has been the biggest arrival during January (Picture: Getty Images)It has been one of the quietest transfer windows in memory, but there could still be some deals done as we head towards the end of January.Gonzalo Higuain’s move to Chelsea has been the biggest deal of the month, but there have been precious few other big names joining a new club.Rio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starThere have also been moves for the likes of Ryan Babel, Chris Mepham and Dominic Solanke who have joined new Premier League outfits.Whether or not we will see some more notable transfers before Thursday’s deadline, here is when the transfer window will slam shut.ADVERTISEMENT Ryan Babel has joined Fulham this month (Picture: Getty Images)When does the January transfer window close?AdvertisementAdvertisementDeals can be completed from Tuesday 1 January at 12.01am until 11pm on Thursday 31 January 2019.This also applies to loan players, although free agents can move outside the transfer window. What time does the January transfer window close in 2019? Commentcenter_img Chris Mepham has joined Bournemouth from Brentford (Picture: Getty Images)European transfer window datesFrance: 1 – 31 JanuarySpain: 2 – 31 JanuaryGermany: 1 – 31 JanuaryItaly: 3 – 18 JanuaryRussia: 23 Jan – 22 FebSwitzerland: 16 Jan – 15 FebTurkey: 4 – 31 JanuaryMORE: West Ham close to a deal with Celta Vigo for Maxi Gomez, but he won’t arrive till the summerMORE: West Ham contact Chelsea to discuss January move for striker Olivier Giroud Advertisement Advertisementlast_img read more

Mikel Arteta explains Freddie Ljungberg’s new role in the stands for Arsenal

first_imgArteta looked devastated as Arsenal conceded two late goals against Chelsea (Picture: Getty)As the Gunners pushed for a winner they left themselves exposed at the back and Chelsea capitalised again, this time with Tammy Abraham netting to secure all three points.AdvertisementAdvertisementADVERTISEMENTUnusually, Ljungberg – who was retained as part of Arteta’s backroom team after his spell as interim boss – was not in the dugout for the match and was instead sat in the directors’ box.The Swede had an earpiece attached and was in constant communication with the Arsenal coaching staff down by the pitch and Arteta says he likes having a different perspective of what is happening in the game.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalAsked if Ljungberg’s place in the stands will be permanent, Arteta said: ‘Yeah, I want him to have a different view from us and be communicating with the bench all the time.‘It’s important that he sees things from a different angle at the moment.’ Comment Metro Sport ReporterSunday 29 Dec 2019 5:37 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.7kShares Mikel Arteta explains why Freddie Ljungberg was sat in the stands for Chelsea clash Advertisementcenter_img The former interim boss was in the directors’ box for Sunday’s game (Picture: Sky Sports)Mikel Arteta tasked Arsenal assistant Freddie Ljungberg with watching Sunday’s game against Chelsea from the stands so he could digest the performance from a better vantage point.The Spaniard suffered his first defeat in charge of the Gunners despite an encouraging performance, with Pierre-Emerick Aubameyang having given the side a first-half lead as Frank Lampard was forced to tinker with his struggling line-up.Arsenal had chances to double their lead but conceded in controversial fashion late on when Jorginho – who should have been shown a second yellow card moments earlier – tapped in from close range. Advertisement Ljungberg was reporting his observations back to the dugout (Picture: Reuters)On his side’s performance, he continued: ‘I’m really disappointed with the result and the way we conceded the goals – and the timing of it as well.‘I’m pleased with a lot of things that I’ve seen, I’m pleased with a lot of things that we trained and actually happened in the game and how they bought into it.‘But I’m disappointed to lose the game obviously. We had to sustain that level for longer periods against a very physical team like Chelsea. And yes we have to move on.’MORE: Arsenal undone by same old mistakes as Chelsea inflict first defeat on Mikel ArtetaMORE: Antonio Rudiger fumes at Kepa Arrizabalaga in argument during Chelsea’s win over ArsenalMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man Citylast_img read more

Poll says dope referendum would easily pass – or would it?

first_img2020 cannabis referendum would easily pass, poll says NewsHub 9 January 2019Family First Comment: The poll is simply not robust or reliable. It’s a self selected polling panel with prizes offered to join.And 10% of the sample group say they use dope daily! Ministry of Health says the true figure is just 3.7%. Did Horizons get their respondents from a rock concert?But it’s interesting that Paul Manning and Big Marijuana is pushing this. Just as we predicted – and warned. Big Tobacco 2A new poll reveals a large majority of New Zealanders would support legalising recreational cannabis use in the Government’s 2020 referendum.The independent survey of nearly 1000 people, conducted by Horizon Research, surveyed Kiwis on their attitudes towards cannabis, law reform, and its use.It shows 60 percent of adults would vote to support legalising cannabis for personal use in a referendum, with 24 percent against. Just 16 percent had no opinion.The survey also reveals that 55 percent of adult New Zealanders have used cannabis at some time during their lives, while 10 percent said they use cannabis daily – or around 340,000 Kiwis.The poll had a maximum margin of error of +/- 3.1 percent at a 95 percent confidence level. But Family First national director Bob McCoskrie, who opposes the ‘yes’ vote, says the poll is “simply not robust or reliable”.READ MORE: https://www.newshub.co.nz/home/politics/2019/01/2020-cannabis-referendum-would-easily-pass-poll-says.htmllast_img read more

Bulldogs Battle Wildcats In The Rain

first_imgThe Batesville Bulldogs Varsity beat Franklin County on Thursday 10-4 in seven innings.Batesville vs. Franklin County Varsity Softball (4-16)The Batesville Bulldogs Varsity scored three runs in the fourth on the Batesville Bulldogs Varsity scored in the fourth on an RBI triple by Kylie Paul, an RBI single by Hannah Putnam, and a fielder’s choice.The teams traded runs for most of the contest, leading to three lead changes in the game.The Batesville Bulldogs Varsity pulled out the win thanks to a strong third inning. The Batesville Bulldogs Varsity went up for good on a two-run home run by Meg Liter off #5, bringing home Katie Thomas. Liter racked up four RBIs on three hits for the Batesville Bulldogs Varsity.FC JV won 5-3.BHS vs. FC JV Softball (4-16)Courtesy Of Bulldogs Coach Jody Thomas.last_img read more

Robert I. Jordan, 63

first_imgRobert I. Jordan, 63, of Martinsville, passed away at 3:00 a.m. on Thursday, March 22, 2018 at his residence. He was born on September 30, 1954 in Greensburg, the son of Kenneth Everett & Julia Alta (Mantooth) Jordan. Robert was born and raised in Greensburg. He had been a resident of Martinsville for the past 2 years. He had also lived in Elrod and Speedway. He had worked for Rexnord in Indianapolis for 11 years and NTN BCA in Greensburg for 25 years. He was a veteran having served with the US Army in the 1st Infantry. He enjoyed tinkering on cars, fishing, hunting, camping, NASCAR and football games. He is survived by his companion, Teresa Barger of Martinsville; his daughters, Julie (Richard) Canada of Somerset, Kentucky, Judy (Bryan) Forwalt of Holton and Jill Rohr of Greensburg; his sons, Ben Powers of Indianapolis, James Jordan of Greensburg and Justin (April) Jordan of Milan; step children, Autumn Gibson of Martinsville and Asa Gibson of Columbus; his sister, Judy (Paul) George of Greensburg; his brother, Daniel (Cathy) Jordan of Greensburg; his 21 grandchildren, his 4 great grandchildren and several nieces and nephews. He was preceded in death by his parents; brothers, James Jordan & Kenneth E. Jordan. The funeral service will be conducted at 3:00 p.m. on Sunday, March 25, 2018 at the Bass & Gasper Funeral Home in Westport. Rev. Tommy Beatley will be officiating. Burial will follow at the Rockcreek Cemetery. The family will receive visitors on Sunday, March 25, 2018 from 1:00 until time of service at 3:00 p.m. at the funeral home. Memorial contributions may be made through the funeral home to donor’s choice. Online condolences can be made to the family at www.bassgasper.comlast_img read more

Tuesday’s Dirt Knights Tour show among events as Jackson Motorplex suspends remaining 2020 schedule

first_imgAmong the events affected is the Tuesday, July 21 Speed Shift TV Dirt Knights Tour for IMCA Modifieds. Monday’s main event at Jefferson, S.D., pays $1,500. Pit gates open at 4 p.m. and racing follows 6:30 p.m. hot laps.  The 11th annual tour opens July 20 at Park Jefferson Speedway and is at Buena Vista Raceway on July 22.  And on Wednesday at Alta, Iowa, the feature pays $1,000 to win with gates opening at 5 p.m. and racing following 7 p.m. hot laps.center_img Both tour events are 2020 Fast Shafts All-Star Invitational ballot qualifying events. JACKSON, Minn. – Due to the state restrictions, limitations on crowds and lack of recent updates for outdoor venues in Minnesota, the Jackson Motorplex has decided to suspend all remaining events in 2020 effective immediately. last_img read more

Allam shows stripes on Tigers vote

first_imgA ballot opened to Hull season ticket holders over the club’s controversial name-change plans contains another strong hint that owner Assem Allam could walk away from the club if he does not get his way. Fans have until next week to vote on one of three options regarding the planned change to Hull Tigers, although the Football Association’s membership committee has already recommended the club’s application be rejected when the full FA Council meet on April 9. In the ballot posted on the club’s official website, Allam appears to be giving fans a stark choice – back the name-change, or hasten the exit of the Egyptian owner and his family. The three options in the poll, of which fans have been asked to pick just one, are: :: Yes to Hull Tigers with the Allam family continuing to lead the club. :: No to Hull Tigers. :: I am not too concerned and will continue to support the club either way. The worst fears of fans’ group City Till We Die appear to have been realised, with the group expressing its concern earlier this week that the ballot would be used as a vote of confidence in the Allam family. The poll does not appear to present the option of both no name change and the continuing support of the Allam family. Allam has consistently stated his intention to sell the club “within 24 hours” if the name-change bid is finally defeated. The owner is convinced a change in branding will raise the club’s commercial profile and make it more marketable. Allam told the Guardian this week: ” If the FA does not allow our plan, we will walk away, put it on the market to sell the club. “We would not put it into liquidation; there is a lot of money at stake. I will get my money when I sell.” center_img Press Associationlast_img read more

We need to find some form – Caulker

first_img “Staying in the Premier League is all the motivation we need. There is no other,” Cardiff captain Caulker said. “We have to show more fight than we did against Palace. We have to draw confidence now from those games we’ve had this season where we have played well. “We are going to have to find some form and a little bit of luck along the way, too. That would not go amiss. “We’ve got some tough, tough games coming up now. We can’t deny that. We do have a mountain to climb.” Cardiff’s recent form does not suggest they will realistically climb out of the bottom three. They have posted one win in the last nine league games and conceded 15 goals across their past five fixtures, including six at home to Liverpool. “We do need to win at Southampton,” Caulker added. “Everyone wrote us off in the opening home game of the season against Manchester City, and we proved them otherwise and went and won the game. “We’ve got belief we can stay up. We need to put in a performance and get a result at Southampton now. “They have been very impressive in the Premier League and they are going to be a very hard team to beat, but we are going to have to beat them if we want to stay up.” Cardiff boss Ole Gunnar Solskjaer struggled to contain his anger after the Palace loss, which proved arguably their worst performance since he succeeded Malky Mackay as manager in January. Solskjaer said he is looking for players with “belief, leadership and loyalty” for the Premier League run-in, and strongly hinted there will be changes for the trip to St Mary’s. England international Caulker added: “Credit to Palace, they came out strong. But at home with the crowd behind us, we want to perform better than that. “Palace were very direct and they hit us with three sloppy goals from our point of view. “They will be delighted, but we have to fix things up and be better defensively. We’ve leaked a lot of goals of late.” The Welsh club look destined to make a quickfire Championship return, with their plight underlined by a 3-0 home defeat to Crystal Palace last Saturday. It left them six points from safety with just five games left – Southampton, Sunderland and Newcastle away, while Stoke and Chelsea are their remaining opponents at home. Steven Caulker accepts that Cardiff have got a mountain to climb in their quest for Barclays Premier League survival. Press Associationlast_img read more

Toon back in training on Wednesday

first_imgThe first of Steve McClaren’s Newcastle players will return for pre-season training on Wednesday with no new faces among them despite owner Mike Ashley’s pledge to revitalise the squad. It is not the scenario many envisaged when Ashley stood in front of the television cameras for the first time in his eight-year tenure on the final day of last season and vowed to invest in the squad after months of discontent which prompted thousands of fans to stay away from St James’ Park. He said: “I will continue my policy of investing in the football club. I shan’t be selling the club until we win something. Not at any price. “When I say win something, if we get in a position of Champions League, that equals winning something. “The only positive we’ve got is the club is on a very sound financial footing, so we are able to spend and punch above our weight with the financial situation the club finds itself in.” However, Ashley made no bones about the fact that it would be Charnley, McClaren and chief scout Graham Carr who would have to identify the players they wanted and do the deals to land them. He added: “My job is to make sure they have the maximum amount of financial resources and it is their job to get the best pound-for-pound value out of those resources. “But to make it categorically clear, I’m not going anywhere until we win something.” The lack of visible progress on the transfer front, coupled with the departures of out of contract duo Jonas Gutierrez and Ryan Taylor, has added to the frustration on Tyneside with thousands of season tickets reportedly remaining unsold after the deadline was twice revised amid promises of a concerted recruitment drive. Managing director Lee Charnley has been trying to push home the club’s interest in a series of targets in recent weeks, but to date, his efforts have yielded no tangible results with the likes of QPR striker Charlie Austin, Marseille winger Florian Thauvin and Schalke defender Joel Matip remaining outside their grasp. The Magpies are yet even to confirm the make-up of head coach McClaren’s staff, although deals with former Valencia number two Ian Cathro, ex-Derby first team coach Paul Simpson and fitness duo Alessandro Schoenmaker and Steve Black are understood to be ready to be rubber-stamped. Work is continuing behind the scenes to land targets, but despite an apparent loosening of the purse strings and positive noises from some of the men involved, the market remains competitive as both sellers and buyers, as well as the players themselves, keep their options open. The start of the new Barclays Premier League season is just 39 days away, but the Magpies are due to play their first pre-season friendly at Gateshead on July 10 before heading off on their United States tour, and McClaren would dearly love to have several new signings on board before crossing the Atlantic. Whether or not that is the case remains to be seen – and the transfer window does not officially open until Wednesday and closes on September 1 – but the head coach would ideally be able to work with new players for several weeks before pitching them into the heat of Premier League battle in a bid to avoid a potentially damaging slow start. Press Associationlast_img read more