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NEWS UPDATES Asean Affairs     March 21, 2017  






External debt up 3.4% yoy in January

Indonesia's external debt grew by 3.4 percent year-on-year (yoy) to US$320.3 billion in January, according to the latest statistics published by Bank Indonesia (BI).

The rise was triggered by a 12.4 percent yoy increase to $161.2 billion in public sector offshore borrowing, marking an acceleration from the 11 percent increase seen in December last year, BI reported on Friday.

On the other hand, private sector external debt in January declined by 4.3 percent yoy to $159 billion.

(Read also: Higher foreign reserves expected to fend off global risks)

The financial sector, manufacturing, mining and utilities together accounted for more than 76 percent of private companies' foreign debt in January.

The central bank has vowed to continue monitoring Indonesia's foreign debt, particularly in the private sector, saying it wants to ensure that the borrowings play a significant role in the country's development without triggering risks that may affect macroeconomic stability.

"Bank Indonesia sees that the external debt development in January remained healthy but continues to be vigilant about the risks to the national economy," it wrote in a statement.

BI data also show that long- and short-term external debt increased by 1.9 percent and 14.7 percent, respectively, in January.

Long-term external debt continues to dominate total foreign debt, accounting for 86.5 percent.



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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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