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Capital movements in financial markets often carry surprises. In the first quarter of this year, the flow of funds into emerging markets grew rapidly. This is at a time when markets around the world were anticipating a rate hike from the US Federal Reserve later this month. Normally, when the Fed rate goes up, funds flow out of emerging markets.
DWIAS Anandita relaxed with his three children at his home in Wido Martani, Yogyakarta. The rain that poured over Yogyakarta all last week forced him to delay his scheduled plan to dry out his harvest of black rice. He could only dry his grains at the entrance of his warehouse. "I can't dry it," said the owner of Pondok Alam, an online store.
Pertamina CEO Dwi Soetjipto was seen pacing the floor of his third floor office at the headquarters of the state oil and gas company, last week. Assisted by his secretary, he gathered his personal documents and belongings. "Just tidying up," Dwi told Tempo last Thursday.
Several paintings, framed photographs, and books were arranged in boxes, ready to be delivered to his home in Pondok Indah, South Jakarta. Two days earlier, Dwi attended a farewell lunch with his staff.
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