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NEWS UPDATES Asean Affairs     January 5,  2017  

Jakarta sees lowest inflation in 5 years on weak demand

Jakarta, Indonesia's political and business capital, recorded benign inflation last year due the low demand of goods as a result of sluggish economic activities, Bank Indonesia (BI) announced in a report on Wednesday.

Inflation in the city eased to 2.37 percent year-on-year (yoy) last year, the lowest in five years. The figure is below the national inflation rate of 3.02 percent yoy.

BI attributed the low inflation particularly to the limited demand of goods from the public, coupled with low transportation costs as a result of low international oil prices.

Jakarta recorded economic growth of 5.75 percent in the third quarter of last year, higher than the national growth of 5.04 percent in the same period. However, the figure is the lowest quarterly basis in five years. More than 80 percent of the country's money in circulation is centered in the city of 14 million residents in the afternoon and eight million residents by evening.

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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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