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NEWS UPDATES Asean Affairs   26 July 2013  

Foreign investors reflect a stable economy: Minister

Finance Minister Chatib Basri said the growing presence of foreign investors in Indonesia indicates that the condition of the economy is relatively stable.

“Foreign investors have started to come to the country again. I’ve seen the symptoms. Pak Governor [Bank Indonesia] said exporters had also begun to supply their dollars. The foreign currency markets have also started to sell their dollars. This shows we are more stable now,” said Chatib after a coordination meeting at Bank Indonesia (BI) in Jakarta on Thursday, as quoted by Antara news agency.

Chatib said the stabilizing of the economy could be seen in the decline of yield from 8.3 percent to 7.8 percent.

The minister also said national economic growth, which was within a range of 6 percent, would remain the highest in Asia after China whose economy grew 7.7 percent.

Chatib said the stock index, which stood at 9.8 percent, remained in the positive area unlike Singapore and Thailand.

He said that he was optimistic that inflation, due to volatile food prices, would decrease in September. “In September, inflation will be relatively low. After that, we even hope that there will be a deflation,” said Chatib. (ebf)



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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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