Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >> Economy  >> BI says rupiah unlikely to strengthen past 11,600 in 2014
NEW UPDATES Asean Affairs   5 June 2014  


BI says rupiah unlikely to strengthen past 11,600 in 2014

Bank Indonesia (BI) has predicted the rupiah would be traded between 11,600 and 11,800 per US dollar throughout the 2014 fiscal year.

BI Governor Agus Martowardojo said that the assumed range was based on pressures in the country's current account.

"Deficit in the current account is strongly related to the rupiah rate against the US dollar," Agus said in Jakarta on Tuesday on the sidelines of a hearing at the House of Representatives as quoted by kontan.co.id.

He said that Indonesia's current-account deficit reached US$29.09 billion last year or equal to 3.33 percent of the country's Gross Domestic Product (GDP).

In addition to that, the central bank data showed the current account suffered a deficit of $4.19 billion in the first quarter of 2014, or 2.06 percent of GDP.

With this condition, he said that the government had to change the rupiah trading assumption in the 2014 state budget of Rp 10,500 per dollar.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                            June 5, 2014 Subsribe Now !
• U.S. Companies Raise Modernization and Public- Private Collaboration at Customs Directors-General Meeting Subcribe: Asean Affairs Global Magazine
• ASEAN chair understands Thai political situation
• Govt to increase spending on infrastructure, says minister
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• BI says rupiah unlikely to strengthen past 11,600 in 2014
• NCPO ends curfew in three tourism areas
Asean Analysis                    June 5, 2014

• Asean Analysis June 5, 2014
Vietnam Defense Minister’s Shangri-La Speech Prompts Fierce Debate Back Home
Advertise Your Brand

Asean Stock Watch    June 4, 2014
• Asean Stock Watch-June 4, 2014
The Biweekly Update
• The Biweekly Update  May 30, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

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

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com