U.S. Fed rate hikes very problematic: Indonesian economist

STORY: U.S. Fed rate hikes very problematic: Indonesian economist DATELINE: Oct. 9, 2022 LENGTH: 00:02:19 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Fed 2. various of the U.S. 3. various of Indonesia 4. SOUNDBITE 1 (English): DENDI RAMDANI, Bank Mandiri economist 5. SOUNDBITE 2 (English): DENDI RAMDANI, Bank Mandiri economist STORYLINE: An Indonesian economist has said that the U.S. Federal Reserve (Fed)'s aggressive interest rate hikes are very problematic and will hurt the global economy. SOUNDBITE 1 (English): DENDI RAMDANI, Bank Mandiri economist "The inflation in the U.S. is very high, more than eight percent. The inflation is a mix-up between supply side and demand side problem. I think it's very problematic. The interest rate increase, of course, will reduce economic growth. It will be a very big problem because the interest rate will keep higher and higher, and probably in the long period, so it will be very hurt for the economy, as well as the U.S. economy, as well as th

A decade of transformation turns China's financial market into larger global presence

STORY: A decade of transformation turns China's financial market into larger global presence DATELINE: July 4, 2022 LENGTH: 00:02:05 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views in China 2. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China 3. SOUNDBITE 2 (English): DENDI RAMDANI, Bank Mandiri economist STORYLINE: China's financial market, young and fast-growing, is at a new outset to open up further to the global markets, building on the transformative steps it has taken in the past decade. The country's equity market and bond market have expanded 238.9 percent and 444.3 percent over the past 10 years, now both the second largest worldwide. The financial market has sharpened its appeal to global investors through reforms to render a more market-oriented and rules-based environment. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China "When we look at our 2022 Special Report on State of Business

Chinese currency RMB gains more int'l influence: economist

STORY: Chinese currency RMB gains more int'l influence: economist DATELINE: April 11, 2022 LENGTH: 00:02:22 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): SUN LEI, Xinhua Correspondent 2. SOUNDBITE (English): DENDI RAMDANI, Bank Mandiri Economist STORYLINE: STANDUP (English): SUN LEI, Xinhua Correspondent "China's currency Renminbi (RMB), or the yuan, has seen wider acceptance in international usage as the country's resilient economic growth bolstered global demands and opening-up measures facilitated foreign investment. Cross-border RMB settlements closely related to China's real economy, such as current account and direct investment, saw faster growth last year, with RMB usage in raw material trading and the Association of Southeast Asian Nations (ASEAN) seeing outstanding growth. RMB is also set to become a more significant part of the global financial system as more central banks add Chinese currency to their reserve asset. According to the International Monetary Fund (IMF), the s