Sign up | Log in



Home>>Daily News>>Indonesia>>Economy>>Circulation to reach Rp 4t during IMF-WB annual meeting

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.

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

Comment on this Article. Send them to

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
submit your comment in the box below

  Today's  Stories                       February 13, 2018 
• Sale of cars in January up 28% year-on-year Subcribe: Asean Affairs Global Magazine
• Circulation to reach Rp 4t during IMF-WB annual meeting Subsribe Now !
• Fruit, vegetable exports up 37% in January
Research Reports
on Thailand 2007-2008

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

• Cambodia’s economic freedom down slightly last year: report
• Pertamina, PGN to connect 78,367 households through city gas network in 2018
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
Advertise Your Brand

Asean Stock Watch   Febriaru 12,  2018

• Asean Stock Watch-February 12, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

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


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






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 © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand