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NEWS UPDATES Asean Affairs    25 April  2016  

BI estimates 0.3% deflation in April

Bank Indonesia (BI) expects to see monthly deflation of 0.3 percent in April.

BI economy and monetary policy executive director Juda Agung said the government's decision to lower fuel prices and public transportation fares at the beginning of this month would bring about slight deflation.

"We expect deflation of around 0.3 percent following the roughly 4 percent declines in fuel prices and public transportation fares," Juda said in Jakarta on Thursday.

The government has decided to cut subsidized fuel prices by Rp 500 (4 US cents) per liter: The price of subsidized Premium gasoline falls by Rp 500 from Rp 6,950 per liter to Rp 6,450, while subsidized diesel drops Rp 500 from Rp 5,650 to Rp 5,150 per liter. In conjunction with this policy, the government has also decided to cut transportation fares by 3 percent.

The Central Statistics Agency (BPS) said Indonesia had recorded monthly inflation of 0.19 percent in March, bringing the year-to-date inflation rate to 0.62 percent and the annual rate to 4.45 percent year-on-year.

BI executive director of communication Tirta Segara said the low inflation in March would support the government's aim of achieving inflation of 4 percent plus or minus 1 percent in 2016.

"BI is confident that inflation will be around the midpoint of the 2016 inflation target range. BI will continue its policy of coordinating with the government in controlling inflation to anticipate inflationary pressures caused by volatile food prices," he explained.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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