The rupiah erased losses of 0.6 percent after the announcement and traded 0.4 percent higher at Rp 14,260 to the US dollar.Last week, foreign investors sold a net Rp 33.6 trillion (US$2.36 billion) in both Indonesian stocks and bonds, as $5 trillion was wiped off stock markets around the world in the worst week for global shares since the 2008 financial crisis.Over the week, the benchmark stock index, the Jakarta Composite Index (JCI), fell 7.3 percent to 5,452 and the rupiah depreciated by 4.1 percent to 14,234 per US dollar. Ten-year Indonesian government bond yields, which indicate investment risk, rose 35 basis points last week to 6.83 percent, the third-biggest increase after Turkey and Russia. “We’ve increased the volume [of intervention] so the market is assured and confident that BI is always in the market to guard the market,” Perry said at a news conference on Monday after President Joko “Jokowi” Widodo announced first two coronavirus cases in Indonesia.“BI will intensify intervention in the financial market through triple intervention to stabilize the rupiah to follow its fundamental [value].”Read also: Disappearing act: Market braces for volatile March after $2.4b vanishes in a week Topics : Bank Indonesia (BI) will “intensify intervention” to stabilize the local financial market by buying government bonds and the rupiah amid heavy selling pressure caused by coronavirus fears as Indonesia reports its first two cases.BI Governor Perry Warjiyo said the central bank was conducting “triple intervention in the financial market”: stabilizing the rupiah in the domestic non-deliverable forward (DNDF) and spot markets, as well as buying government bonds (SBN) on the secondary market.The central bank has bought Rp 103 trillion (US$7.24 billion) worth of SBNs, Rp 80 trillion of which followed its assessment that the novel coronavirus may pose risks to Indonesia’s economy.
Sisi Rondina’s biggest motivation heading into the FIVB Beach Volleyball World is making the country proud.Rondina, who is paired with Dzi Gervacio, and three other duos are representing the Philippines in the women’s tie of of the one–star FIVB tournament being hosted by the country for the first time.ADVERTISEMENT LATEST STORIES Don’t miss out on the latest news and information. P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Volcano watch: Island fissures steaming, lake water receding ‘Stop romanticizing Pinoy resilience’ MOST READ GALLERY: Relive La Salle’s three-peat celebration through photos “It’s an overwhelming feeling. First, because we’re hosting this world event. Second, because we are playing for the country. It makes me really proud,” said Rondina, who was the best scorer in the UAAP Season 80 tournament.The qualifiers starts on Thursday at Sands SM By The Bay but the competition in the 16-team women’s action begins on Friday.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownRondina and Gervacio wrapped up their preparations on Tuesday as they expected a taller opponents with 23 countries participating in the Manila stop of the World Tour.“We’re training very hard. What we’re focusing on is how we can strengthen our bonds and connect with each other on court. So far, we have started to jell,” Rondina, who competed in last year’s 29th Southeast Asian Beach Volleyball Championships in Singapore, said. Truck driver killed in Davao del Sur road accident Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Sports Related Videospowered by AdSparcRead Next The three other Filipino pairs competing are Charo Soriano and Bea Tan, two-time Beach Volleyball Republic national champions Karen Quilario and Lot Catubag, and wildcard entries DM Demontaño and Jackie Estoquia.The four-day event dangles a $10,000 cash prize and ranking points for other FIVB beach volley tourneys.BVR national champions Jade Becaldo and Calvin Sarte, Kevin Juban and Raphy Abanto, James Pecaña and KR Guzman, and Ranran Abdilla and Edwin Tolentino make up the Filipino pairings in the men’s divisionThe round-of-12 and quarterfinals are scheduled on Saturday, with the semifinals and finals on Sunday.ADVERTISEMENT Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Scientists seek rare species survivors amid Australia flames View comments Alyssa Valdez stays positive despite PH loss in volleyball opener PLAY LIST 01:14Alyssa Valdez stays positive despite PH loss in volleyball opener00:50Trending Articles02:25PH women’s volleyball team motivated to deliver in front of hometown crowd02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast