BI, Bank of Korea renew currency swap agreement to boost trade, financial stability

first_imgRead also: Indonesia posts $864m trade deficit in January as oil and gas exports slump“Similar to the previous agreement, the purpose of the BCSA is to promote bilateral trade and financial cooperation for economic development of the two countries,” the statement reads.“In particular, the arrangement will ensure the settlement of trade in local currency between the two countries even in times of financial stress and thus support regional financial stability,” it added.Trade between the two countries amounted to $1.12 billion in January, making South Korea one of Indonesia’s main trading partners. South Korea has been hit hard by the COVID-19 outbreak, as more than 5,700 people are infected in the East Asian country as of Thursday and almost 100 nations have limited arrivals from the country. Bank of Korea defied expectations for a cut and instead kept interest rates unchanged in late February even as the pneumonia-like illness spread rapidly and threatened the country’s growth.Meanwhile, the Indonesian government says it expects the country’s economic growth to slow by between 0.3 to 0.6 percentage points as Chinese expansion is projected to slow by up to 1 percentage point.Read also: Coronavirus may weaken rupiah this year: Fitch SolutionsPerry projected on Wednesday that Indonesia’s economic growth would slow to 4.9 percent in this year’s first quarter as the virus hit tourism, exports and imports.“That’s not a doomsday scenario but based on the V-shape scenario we project,” he said. “Recovery is likely to take place in the next six months after bottoming out in February and March.”The country’s economy, the largest in Southeast Asia, grew by 4.97 percent in last year’s fourth quarter, the slowest pace in three years, as investment and exports cooled. (prm) Topics :center_img Bank Indonesia (BI) and Bank of Korea have extended a bilateral currency swap agreement (BCSA) to strengthen the rupiah and the South Korean won and to promote trade.The arrangement, which was signed by Bank of Korea Governor Juyeol Lee and BI Governor Perry Warjiyo, allows for the exchange of their currencies between the two central banks for up to Rp 115 trillion (US$8.14 billion) or 10.7 trillion won, according to a statement released by BI on Thursday.The facility will be effective from March 6, 2020, to March 5, 2023, and can be extended by mutual consent.last_img read more

A family home, with plenty of privacy, features dual living options

first_img32 Mars Street, Coorparoo.Mr Smith said his three children had moved out of home and they were looking to downsize.He said the home would best suit a family with teenage children. “It could even be perfect for those looking for dual living options – a family with a grandma they might need to accommodate,” he said. “It could be ideal for students or used as an Airbnb.” The lovely kitchen area at 32 Mars Street, Coorparoo.Blackbutt ceilings and flooring combined with the colours of the bush exude a welcoming warmth.From the living area, two sliding glass doors open to the 13m x 3m veranda. Mr Smith said the deck was his favourite part of the home to relax.“The north-facing veranda overlooks the parkland behind, it’s lovely,” he said. The bedroom at 2 Mars Street, Coorparoo.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The entrance to the upper level is from the street and opens to a large foyer.A designated well-appointed office is on the left.The spacious open plan design showcases a combined living and dining area, with expansive glass framing the view. 32 Mars Street, Coorparoo.Jenine and Cam Smith were drawn to the Coorparoo area because of its beauty and peacefulness.Their home at 32 Mars St, is an architect-designed new build, finished in 2011.The four-bedroom, three-bathroom home is positioned overlooking a bushland pocket at Coorparoo. The cute deck at 32 Mars Street, Coorparoo.Another standout feature of the home is the gym, which can be used as a media room if desired. Mr Smith said there was also plenty of room to put in a pool.With fantastic neighbours nearby, Mr Smith said street parties were held each year.“You could definitely live quietly here without any interference but also know the neighbours were around to help if you needed anything,” he said.last_img read more

Jamaica Tourist Board Thanks Diaspora for its Support in Marketing Jamaica

first_imgPhilip Rose, JTB’s Regional Director, Northeast USA (right) and Marcia Sinclair, JTB’s District Sales Manager, Northeast USA (2nd right) pose with Jamaica Travel Specialist Kim Morrison, Unique Weddings & Tours and Movia Howell, Busines Development Manager. KINGSTON, Jamaica – The Jamaica Tourist Board (JTB) recently hosted a luncheon for key members of the Diaspora, thanking them for their role as ambassadors in promoting the destination.JTB’s Regional Director for the Northeast USA, Philip Rose and District Sales Manager Marcia Sinclair, met with the representatives as part of an overall effort towards strengthening and deepening its relationship with the Diaspora, which has been key to the JTB’s marketing and promotional efforts.TB’s Philip Rose, Regional Director, Northeast USA (fifth right) and Marcia Sinclair, District Sales Manager, Northeast USA (fifth left) pose with members of the Diaspora following a luncheon at the Consulate General of Jamaica.Mr. Rose expressed his gratitude to the Diaspora for their role in helping to make the Northeast the top market for Jamaica’s stopover arrivals for the first half of 2019. He urged for greater collaboration especially in the sharing of resources, while reiterating the JTB’s commitment to the Diaspora and their role in the success of the destination.Representatives from the Campari Group, owners of J. Wray & Nephew Ltd outlined a number of initiatives currently in the pipeline which will target second and third-generation millennials from the Diaspora. One such effort is through the Wray & Nephew Foundation which provides scholarships and mentorships for talented young mixologists.last_img read more

With a new name, Kitty Hawk Krash is set to release its first album

first_imgBob Bean, Skeet Sirmons and Jim Bales make up the band Kitty Hawk Krash Bandby Amber Schmitz, Sumner Newscow — Just one month from the release of their first album, a three-man Wellington band hit a snag. The band consisting of Jim Bales, Skeet Sirmons and Bob Bean called itself “Three Way Stop.” Not bad. But there was a problem.“Another band in New Jersey released an album with the same exact band name,” Bales sighed.So suddenly, “Three Way Stop” wasn’t such a great name for a band after all. Not wanting to be confused with another band, they decided to delay their CD release until they came up with a new name.“We even used an online race horse naming program,” Bales said. “And we still couldn’t come up with anything that we liked.”Then one Sunday, Bales said, there was a documentary on TV about the Wright Brothers and Kitty Hawk.“We wanted something original,” Bales said. “We saw a piece on the Wright Brothers and Kitty Hawk, and how they kept crashing until they succeeded, and thought if a band fails, then get up and go again. Kitty Hawk Krash works pretty good for us.”Bales performs vocals, bass and acoustic guitar and harmonica; Sirmons performs vocals, lead guitar and banjo; Bean sings vocals and plays guitar, and all are from Wellington.“We have all played music for years,” Bales said of his band members.Bales has been a musician since the 1970’s, and has been in a few rock groups. In the early 1980’s, Bales was a member of Magnum, which opened for Pat Travers in the early 1980’s.The Groove Gypsies, a band from Ark City, was another group that Bales was once a member of.“We opened for the Moon Dance Jam in Minnesota,” Bales said.He said that Sammy Hagar, Alice Cooper, and Rick Springfield, among others, were featured bands of the festival.“It was kinda cool to play on the same stage as them,” Bales said.Sirmons has also been a musician for awhile and been a member of other bands.“I played with Skeet in the band Back Roads in Wichita,” Bales said. “Then we got together with Bob. Our personalities matched, and we started playing together.”Last summer, Kitty Hawk Krash released their first album “Don’t Look Away.” Their Americana style of music includes 11 originally written tracks on their CD. All were group written while sitting around a table, except for three individually written ones. “‘Those Words” was written by Sirmons, “Low Down” was written by Bean, and “Quiet Times” was written by Bales, and features Shelby McNamara, of Wellington, playing the flute.The group has also done remakes from old gospel to Beatles, Rolling Stones, George Jones, Elvis, and Bob Dylan, and has been together for about three years.“We’re an eclectic mix of music,” Bales said. “We wanted to do some music that people were familiar with.”The group performs lives once or twice a month at bars, restaurants, coffee shops, and also books private parties. Many of you have seen their act at Barefoot Jerry’s in Wellington.“We’re not a dance band, we’re a sit and listen band,” Bales said. “It’s a good outlet for our creativity.”Check out the band’s Facebook page, Kitty Hawk Krash, their website, You can order a downloadable CD on iTunes, CDBaby or Amazon.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +1 Vote up Vote down Guitar Making School 60p · 159 weeks ago I have had two instrument instructors in my lifetime, each who used a different strategy to educate me. One of them simply demonstrated how to try out music – this was fun. The other demonstrated machines notes, and enhance methods – this was useful but tedious as terrible. Report Reply 0 replies · active 159 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more