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NEWS UPDATES Asean Affairs   20 August 2013  

Indonesian government coming up with `keep buying` strategy

The government will soon implement the "keep buying" strategy to achieve its target of national economic growth between 6.4 percent and 6.9 percent, as per the 2014 state budget draft, according to a minister.

"The government is going to apply the `keep buying` strategy in a bid to boost economic growth," Finance Minister Chatib Basri stated here on Monday.

Noting that household consumption accounted for 55 percent of the nation`s gross domestic product, he said there were two ways to increase household consumption`by controlling inflation and by maintaining people`s purchasing power.

The `keep buying` strategy, the minister continued, will help control industrial production output and generate employment.

"The strategy will be in line with sustainable development. Therefore, we will offer tax incentives to associations and industries which do not lay off their workers. I am exploring the kind of incentives that could be more effective, minimize lay-offs, and help in boosting consumption," the finance minister said.

Chatib also expressed optimism that inflation will be under control in October and people`s purchasing power will increase as a result.(*)

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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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