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NEWS UPDATES Asean Affairs   February 13, 2018  










Circulation to reach Rp 4t during IMF-WB annual meeting

Bank Indonesia (BI) has projected that monetary circulation will reach Rp 4 trillion (US$293.19 million) by the time of the International Monetary Fund-World Bank (IMF-WB) Annual Meetings this October in Bali.

In comparison, circulation reached Rp 694.8 trillion last year, or a daily average of Rp 1.9 trillion.

“The meetings will accelerate the economy in Bali,” BI Bali office head Causa Iman Karana said on Sunday as reported by Antara.

During the annual meetings, a greater quantity of money in circulation is needed due to increased spending on accommodation, food and beverages, transportation, telecommunication and other supporting services and facilities.

Representatives from 189 member countries of the IMF and the World Bank are slated to attend the meetings, with an estimated 15,000 to 20,000 attendees comprising high-ranking government officials, businesspeople, academics and representatives from civil society organizations. The government had readied Rp 868 billion for infrastructure projects, delegates’ accommodation and other needs for the IMF-WB annual meeting.

It had also accelerated the construction of several infrastructure projects in preparation for the IMF-WB meetings, including building an underpass at the intersection to I Gusti Ngurah Rai International Airport, expanding the airport apron and developing a tourism port at Benoa, Denpasar.

BI estimated that 2018 growth in the Balinese economy would reach 6 to 6.4 percent, from 5.59 percent growth in 2017.




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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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