english news 34
Mid November 2013 | INDONESIA MEDIA
Indonesian Diaspora Regrets Attack on Yogyakarta meeting Indonesians living abroad under the grouping, the Indonesian Diaspora, have signed a petition asking law enforcers to bring members of the Anti-Communist Front (FAKI) to court over last week's attack on a meeting organized by relatives of victims of the 1965 communist purge in Yogyakarta. “Firm measures should be taken against the head of FAKI and its members, for they cited hate speech, broke up a meeting and were violent toward meeting participants,” the Indonesian Diaspora stated in a press release sent to The Jakarta Post on Saturday. The diaspora stated that it had sent the petition to President Susilo Bambang Yudhoyono and all state institution leaders. It also urged the police to remain impartial and arrest the attackers to uphold justice.
Figures like senior journalist Aboeprijadi Santoso, who currently resides in Amsterdam, the Netherlands; researcher and political scientist Burhanuddin Muhtadi, who is currently pursuing a PhD in Canberra, Australia; Nahdlatul Ulama (NU) scholar Ahmad Sahal, who is studying toward a doctoral degree in the US, and campaigner Nursyahbani Katjasungkana are among the petition's 137 signatories. Dozens of FAKI members disrupted a meeting in Yogyakarta at which the families of the victims of 1965 were gathered and proceeded to and attack some of them, injuring three people. FAKI head Burhanuddin ZR argued that the meeting had a hidden agenda to resurrect the communism in Indonesia and, therefore, needed to be dispersed. (tjp/IM) M
Rupiah Down, Bonds Down on Fed Fears Indonesia’s rupiah “Concern the US reand government bonds covery will accelerate completed a second Fed tapering spurred weekly decline as specthe outflows, which ulation the Federal Reweighed on the rupiah,” serve will cut stimulus said Mika Martumpal, this year spurred sales head of treasury reof the nation’s assets by search and strategy at overseas funds. Bank CIMB Niaga in The rupiah was under renewed pressure following Jakarta. “The rupiah Global investors re- expectations that the US Federal reserve would should stabilize going duced local-currency cut its monetary-stimulus program forward, with the tendebt holdings by 420 dency to strengthen until year-end.” billion rupiah ($37 million) in the first two days of this week, following eight weeks of The rupiah dropped 0.7 percent this week inflows, Finance Ministry data show. Funds and 0.2 percent today to 11,410 per dollar based abroad sold a net $78 million of Indo- as of 5:12 p.m. in Jakarta, prices from local nesian stocks this week through yesterday, banks show. One-month implied volatilaccording to exchange data. US services ity, a measure of expected moves in the and manufacturing growth quickened by exchange rate used to price options, surged more than economists forecast in October, 177 basis points, or 1.77 percentage points, reports showed this month. to 14.92 percent from Nov. 1. advertising@indonesiamedia.com
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In the offshore market, one-month nondeliverable forwards slipped 0.2 percent this week and advanced 0.6 percent today to 11,315 per dollar. The contracts traded 0.8 percent stronger than the onshore spot rate, data compiled by Bloomberg show. A daily fixing used to settle the forwards was set at 11,267 per dollar, compared with 11,035 on Nov. 1, according to the Association of Banks in Singapore. The currency and bond yields will return to levels seen in 2009 after the Fed cuts stimulus, Finance Minister Chatib Basri said today. The rate on Indonesia’s 5.625 percent government bonds due May 2023 climbed 18 basis points this week to 7.94 percent, prices from the Inter Dealer Market Association show. The yield rose four basis points today. (tjg/IM) M www.youtube.com/imonlinevideos