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NEWS UPDATES Asean Affairs   2 August 2013  

Rupiah weakened on Thursday  due to inflation data 
Indonesia:The rupiah weakened by 10 points against the US dollar, on Thursday afternoon, triggered by July’s high inflation rate of 3.29 percent.
During interbank transactions in Jakarta on Thursday afternoon, the rupiah traded at Rp 10,290 per US dollar, down by 10 percent from Rp 10,280.
“The rupiah exchange rate weakened as the inflation data […] exceeded expectations of between 2.3 to 2.5 percent,” said Trust Securities’ head of research, Reza Priyambada, on Thursday as quoted by Antara news agency.
Lingering sentiments, Reza said, had meant market players were securing their assets in dollars, which had strengthened the US currency.
Monex Investindo Futures’ analyst, Zulfirman Basir, said the expansion of China’s manufacturing sector and the US Federal Reserve’s decision to not change its bond purchasing program had eased pressures against the rupiah.
He said currency market investors seemed to have anticipated that the Fed would maintain its stimulus program. The US data on employment and economic growth in the second quarter exceeded expectations and caused optimism that the world’s second biggest economy had continued to improve.
According to Bank Indonesia’s (BI) median rate on Thursday, the rupiah exchange rate weakened to Rp 10,288 per US dollar from Rp 10,278 yesterday. 

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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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