Sign up | Log in



Home  >>   Daily News  >>   Indonesia News>>Govt, BI coordinate to safeguard inflation in 2014
NEW UPDATES Asean Affairs  10 February 2014  

Govt, BI coordinate to safeguard inflation in 2014

The government and Bank Indonesia (BI) will continue to coordinate to safeguard inflation in 2014, which has been targeted at 4.5 percent plus minus 1 percent, by preparing a sufficient supply of food commodities so that prices remain stable.

“We are committed to controlling this year’s inflation rate, and we will do that by coordinating better with BI,” Coordinating Economic Minister Hatta Rajasa said as quoted by Antara news agency on Thursday.

The minister said inflation was very influential on the nation's economy, so the government aimed to ensure sufficient supplies of basic food items to prevent inflationary pressure of the kind seen at the beginning of January.

“Despite high rainfall and flooding nationwide, there have been no reports of food scarcity in any areas. There is enough food. The prices of several staple foods have increased but this is purely seasonal,” Hatta said.

He also said that fuel supplies would be sufficient for the next 90 days and there would be no disruption to distribution despite the heavy rains since the beginning of the year.

“There has been no scarcity of fuel. [State-owned oil company PT] Pertamina can handle the situation with an average availability of more than 18 days. For non-subsidized fuel, available stocks can meet demand for up to 90 days,” said Hatta.

He said the government would continue its efforts to stabilize prices and ensure the availability of food - both in production and distribution - by improving infrastructure.

“We are due to hold a meeting about damage to roads, especially those in Java, Manado and Sumatra,” Hatta said.

The Central Statistics Agency (BPS) recorded inflation of 1.07 percent in January, which was primarily triggered by disruptions to food distribution due to the bad weather. This rate is markedly higher compared to average January inflation in each of the last five years. (ebf)

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 10, 2014 Subsribe Now !
• Surapong believes deporting Indian businessman won't affect Thai-Indian relations Subcribe: Asean Affairs Global Magazine
• Govt, BI coordinate to safeguard inflation in 2014
• Kalla Group to build infrastructure in W. Sulawesi
Research Reports
on Thailand 2007-2008

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

• MAS, SGX propose measures to strengthen securities market
• Safe to invest in property, savings
Asean Analysis                    7 February  2014 Advertise Your Brand
• Asean Analysis-February 7, 2014
Thai Democracy Faces Continuing Hurdles in the Wake of Elections
• Asean Analysis-February 7, 2014
China becomes largest investor in Laos
Asean Stock Watch     7 February 2014
• Asean Stock Watch-February 7, 2014
• Asean Analysis-February 7, 2014
Myanmar’s Constitutional Review Committee Shies Away from Needed Changes

The Biweekly Update
• The Biweekly Update  February 7, 2014

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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand