Cempaka Business and Economy: Rupiah consolidates as confidence builds

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Saturday, January 09, 2010

Rupiah consolidates as confidence builds

Aditya Suharmoko, The Jakarta Post, Jakarta | Fri, 01/08/2010 10:29 AM

The rupiah accelerated rapidly in recent days with growing confidence in the Indonesian economy and speculators betting on the BI key rate staying steady.

On Thursday the rupiah rose 0.1 percent to 9,225 against the dollar as of 3:15 p.m. in Jakarta, from 9,235 on Wednesday, Bloomberg reported. It touched 9,208, its strongest level since September 2008.

Acting Bank Indonesia (BI) Governor Darmin Nasution said Thursday the rupiah strengthened due to large capital inflows in the past two or three days. “I think the market tried to predict that we would keep our policy rate. So they entered the country before [the rate decision].”

The central bank said it would support the rupiah if needed. “As long as it is still in an acceptable range, we will let it be,” Darmin said on Wednesday.

Indonesia’s foreign exchange reserves stood at US$66.11 billion as of Dec. 31, 2009.

Mandiri Sekuritas chief economist Destry Damayanti said the rupiah will fundamentally appreciate in 2010.

“There are two factors: Domestically, our economy still has a large momentum of growth; globally, although the US economy has begun recovery, uncertainties remain high,” Destry said.

She added the dollar also weakened as investors put more money into commodities.

BI maintained its policy rate at 6.5 percent for the fifth straight month on Wednesday, saying there would be no inflationary pressures in the first half this year.

The government said it would delay an increase in electricity base tariffs, but gave no timing.

Analysts said the government’s move changed the 2010 inflation outlook. BI estimates that 2010 inflation will be between 4 and 6 percent, while it rose by just 2.78 percent in 2009 from 2008.

Sebastien Barbe, a Hong Kong-based strategist at Calyon was quoted by Bloomberg as saying “BI’s decision not to raise rates yet is also good for the economy as it helps to boost investment.”

The currency will strengthen to 9,050 by June and trade between 9,000 and 9,400 this year, Barbe predicted. Foreign investors bought $184 million more Indonesian stocks than they sold on the first three days of the week, adding to net purchases of $1.4 billion in 2009.

“The odds are rising of there being no rate hikes at all this year,” said Helmi Arman, a Bank Danamon economist.

Low BI rate may encourage banks to set lower lending rates, which will ease borrowing costs for businesses to expand and spur economic growth.

The Finance Ministry estimated the economy grew by 4.3 to 4.4 percent last year, predicting a rise to 5.5 percent in 2010.

Destry predicted the rupiah would reach 8,927 to the dollar by the end of this year, with an average rate of 9,100 throughout 2010.

She warned that a too-sharp strengthening of the rupiah could hurt exports.

“But 9,200 [to the dollar] is not yet dangerous, it [the trend] is still in line with our peer group,” she said.

Bloomberg reported that India’s currency, the South Korean won and the Philippine peso were also traded near their strongest levels in at least 15 months on Thursday.

The rupee gained 0.5 percent rising to 45.63 as of 2:56 p.m. in Mumbai and rose as much as 0.7 percent to 45.56. The won climbed 0.1 percent to 1,135.35 per dollar in Seoul, having earlier touched a 15-month high of 1,129.42. The Philippine peso advanced 0.4 percent to 45.845.

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Saturday, January 09, 2010

Rupiah consolidates as confidence builds

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The Jakarta Post: Review/Outlook 2010