NADILLA SARASWATI-LARAS (1511000074) & NUZUL LINTANG-LINTANG (1511000084)

ENGLISH FOR BUSINESS/GROUP A/MONDAY/07.30-09.10/6202

MONDAY, APRIL 11th 2016
MR. SEPTO

Asian liquidity stress measured by Moody's Investors Service has shown a worsening
trend as most Chinese companies, especially oil and gas companies, have had their ratings
downgraded. However, the ratings of most Indonesian companies under Moody's review are
steady. Indonesian companies assessed by Moody's included Alam Sutra Realty, Gajah Tunggal
and Tower Bersama Infrastructure. The rating agency has maintained their ratings and liquidity
status. "The Asian liquidity stress index is at elevated levels because of the weakening trends in
corporate liquidity across Asia," Moody's vice president Brian Greiser said in a press statement
in Jakarta on Thursday. In China, companies operating in the mining, oil and gas sectors
experienced disrupted cash flows while real estate and property companies faced hard sales.
Stricter refinancing requirements led to the downgrade of the companies’ ratings. Indonesian oil
and gas company Energi Mega Persada was among Asian companies whose rating outlook is
likely to be downgraded by Moody's in 2016. On March 18, Energi Mega was under review for a
rating downgrade due to its reliance on short-term funding despite stable gas production and a
solid long-term market.
Souce : http://www.thejakartapost.com/news/2016/04/08/most-indonesian-firms-pass-moodys-
liquidity-stress.html
Main idea : Indonesian firms pass Moody's liquidity stress.
Main Sentence : Asian liquidity stress measured by Moody's Investors Service has shown
a worsening trend as most Chinese companies, especially oil and gas
companies, have had their ratings downgraded.
Supporting Sentences :
1. However, the ratings of most Indonesian companies under Moody's review are steady.
2. Indonesian companies assessed by Moody's included Alam Sutra Realty, Gajah Tunggal
and Tower Bersama Infrastructure.
3. The rating agency has maintained their ratings and liquidity status.
4. "The Asian liquidity stress index is at elevated levels because of the weakening trends in
corporate liquidity across Asia," Moody's vice president Brian Greiser said in a press
statement in Jakarta on Thursday.
5. In China, companies operating in the mining, oil and gas sectors experienced disrupted
cash flows while real estate and property companies faced hard sales.
 NADILLA SARASWATI-LARAS (1511000074) & NUZUL LINTANG-LINTANG (1511000084)
ENGLISH FOR BUSINESS/GROUP A/MONDAY/07.30-09.10/6202
MONDAY, APRIL 11th 2016
MR. SEPTO

6. Stricter refinancing requirements led to the downgrade of the companies’ ratings.

7. Indonesian oil and gas company Energi Mega Persada was among Asian companies
whose rating outlook is likely to be downgraded by Moody's in 2016.
8. On March 18, Energi Mega was under review for a rating downgrade due to its reliance
on short-term funding despite stable gas production and a solid long-term market.

QUESTIONS AND ANSWERS

1. Who said in a press statement in Jakarta on Thursday?
Moody's vice president Brian Greiser.
2. When did Energi Mega under review for a rating downgrade?
On March 18.
3. What is the main idea of the paragraph?
Indonesian firms pass Moody's liquidity stress.
4. What does the word ‘whose’ in sentence 7 refer to?
Energi Mega Persada’s rating.
5. Where is the companies operating in the mining, oil and gas sectors experienced disrupted
cash flows while real estate and property companies faced hard sales?
In China.
6. How was the rating of most Indonesian companies under Moody's review?
The ratings are stady
7. Why did The Asian liquidity stress index at elevate levels?
Because of the weakening trends in corporate liquidity across Asia?
8. What does the bolded word in sentence 8 refer to?
Energi Mega’s review.
 NADILLA SARASWATI-LARAS (1511000074) & NUZUL LINTANG-LINTANG (1511000084)
ENGLISH FOR BUSINESS/GROUP A/MONDAY/07.30-09.10/6202
MONDAY, APRIL 11th 2016
MR. SEPTO

In a bid to boost economic growth, Indonesia is looking for a total of Rp 5.5 quadrillion
in investment for infrastructure projects over the next five years, according to the 2015-2019
National Mid-Term Development Plan (RPJMN) released by the National Development Planning
Board (Bappenas). However,  development projects have often led to disputes between
companies and local communities, especially over communal land inhabited by locals for
generations. Last August, President Joko “Jokowi” Widodo officiated the groundbreaking
ceremony for the Batang power plant, which is being built on 226 ha of land in Central Java and
is considered crucial to ensuring the electricity supply in Java. However, local people, supported
by environmental activists, have refused to give up their land, despite the government last year
authorizing PLN to step in and enforce Law No. 2/2012 on land acquisition, which lets the
government seize people's land for the sake of the public interest.

Source:
http://www.thejakartapost.com/news/2016/04/09/development-should-take-cultural-values-
into-account.html
Main idea : Development project
Main Sentence : In a bid to boost economic growth, Indonesia is looking for a total of Rp
5.5 quadrillion in investment for infrastructure projects over the next five years, according to
the 2015-2019 National Mid-Term Development Plan (RPJMN) released by the National
Development Planning Board (Bappenas).
Support Sentences :
1. However,  development projects have often led to disputes between companies and
local communities, especially over communal land inhabited by locals for generations.
2. Last August, President Joko “Jokowi” Widodo officiated the groundbreaking ceremony
for the Batang power plant, which is being built on 226 ha of land in Central Java and is
considered crucial to ensuring the electricity supply in Java.
3. However, local people, supported by environmental activists, have refused to give up
their land, despite the government last year authorizing PLN to step in and enforce Law
No. 2/2012 on land acquisition, which lets the government seize people's land for the
sake of the public interest.
 NADILLA SARASWATI-LARAS (1511000074) & NUZUL LINTANG-LINTANG (1511000084)
ENGLISH FOR BUSINESS/GROUP A/MONDAY/07.30-09.10/6202
MONDAY, APRIL 11th 2016
MR. SEPTO

Questions and Answer

1. Who is officiate the groundbreaking ceremony for the Batang power plant in last august?
President Jokowi
2. When will development project scheduled for completion?
In 2019
3. What is the main idea of the paragraph?
Development project.
4. What does the word ‘which’ in sentence 3 refer to?
The Batang power plant.
5. Where is the Batang power plant being built?
On 226 ha of land in Central Java.
6. How to efforts to boost economic growth in Indonesia?
Indonesia is looking for a total of Rp 5.5 quadrillion in investment for infrastructure projects
over the next five year.
7. Why is Indonesia looking for a total of Rp 5.5 quadrillion in investment?
Because, Indonesia must built infrastructure projects over the next five years to boost
economic growth.
8. What does ‘which’ in last sentence refer to?
Land acquisition.