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NEWS UPDATES Asean Affairs     28 June  2016  

BI predicts June inflation of 0.56%, lower than previous estimate

The Indonesian central bank predicts June inflation will reach 0.56 percent, lower than a previous estimation of 0.6 percent.

The decrease was caused by some food commodities experiencing deflation, although many others are experiencing inflation amid increasing demand during Ramadhan.

Bank Indonesia (BI) Governor Agus Martowardojo said the central bank saw Indonesia's economy as generally in good condition with inflation under control until the third week of June.

"We predict June inflation of 0.56 percent.  But we will keep an eye on it because there are 10 days remaining ahead of Idul Fitri," he said in Jakarta on Friday.

As of the third week of June, Agus continued, volatile foods would still have a major effect on inflation. Prices of staple foods such as chicken and eggs are still rising.

In addition, there are three commodities that will likely contribute to inflation: rice, sugar and chilies. "Yet, onions are likely to deflate, so we predict monthly inflation of 0.56 percent," he added. --The Jakarta Post

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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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