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NEWS UPDATES Asean Affairs    July 7, 2017  

Second quarter growth lower than expected: BI

Bank Indonesia (BI) has said second quarter growth was slower than expected and that this was sparked by various factors including slow government spending, weak public consumption and the postponement of several economic projects.

Public consumption fell short of expectations as this year’s bonus salaries for civil servants will be paid in the third quarter, BI Governor Agus Martowardojo said at the House of Representatives on Wednesday.

"Government spending was also slower [than expected]," Agus said as reported by Antara.

He expressed optimism, however, that the economy would still expand 5.11 percent in the second half of the year.

The central bank predicts that the economy will grow at above 5.2 percent year-on-year in the third and fourth quarters.

As a result, BI will keep its economic growth forecast for this year at a range of between 5 percent and 5.4 percent year-on-year, Agus added.

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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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