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NEW UPDATES Asean Affairs  2 July 2015  

RI’s economy grows higher than other countries despite crisis: Minister

Finance Minister Bambang Brodjonegoro said that despite the current global economic situation, Indonesia’s economy could grow by 4.7 percent, and this was still much higher than other countries.

“The current 4.7 percent growth is lower than the previous period; but it is still realistic. China, the second largest economic power in the world, has cut its interest rate several times and this is because the current global situation is really unpredictable,” he said as quoted by Antara on Tuesday.

The minister was speaking on the sidelines of his visit to China to attend the signing of agreement on the establishment of the Asian Infrastructure Investment Bank (AIIB) and a string of bilateral meetings in Beijing on Monday evening.

According to Bambang, the current situation of Greece financial crisis has remained unclear and this has affected the global economic and financial situation, including in Indonesia.

“So this is why our Cabinet work performances should not be seen only on one side, but in a wider context,” he said, referring to a widespread speculation on an imminent Cabinet reshuffle, especially due to poor performances of several economic ministers.

Earlier, Bambang said he would remain positive even if there should be a Cabinet reshuffle.

“I want to respond it [the Cabinet reshuffle speculation] positively, and just follow developing situations. If President Jokowi has recently carried out a meeting with experts or economists, I think it’s normal for him to ask for inputs over the current national economic situations or something else,” he said.

The minister said if work performances of Jokowi’s economic minister were considered not optimal, this should be seen in a wider context.

“Our economy is weakening and rupiah is depreciating. However, this is not only because of domestic situations. There are many global situations we cannot predict precisely because their dynamics are too high,” said the minister.

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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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