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NEWS UPDATES Asean Affairs   November 29, 2018  



BI to formulate seven policies to help economy in 2019

Bank Indonesia Governor Perry Warjoyo said on Tuesday that BI would help stabilize the economy amid global uncertainty by introducing seven main policies in 2019.

First, BI plans to focus on its current monetary policy to maintain stability in inflation, which is set at around 3.5 percent, while keeping the rupiah exchange rate at its fundamental value.

“We will maintain a preemptive, ahead-of-the-curve monetary policy in 2019,” Perry said in Jakarta on Tuesday as quoted by kompas.com.

Second, the central bank plans to focus on a macroprudential policy to encourage banking intermediation and maintain a resilient financial system through close surveillance of large banks and corporations.

“Third, the payment system will be developed to allow for smoother, more efficient and secure transactions, both cash and cashless, and to support the development of the digital economy,” Perry said.

Fourth, BI will encourage the acceleration of financial market deepening and expand on financing through innovations in financial instruments, particularly those that help to develop infrastructure.

Fifth, BI will support the development of the sharia economy and sharia finance. Sixth, BI will take part in the expansion of micro, small and medium enterprises by controlling inflation and reducing the current account deficit.

Lastly, Perry said, BI would take part in improving Indonesia's image by playing an active role in formulating policies in international institutions. (bbn)


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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

 


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