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NEWS UPDATES Asean Affairs   10 September 2013  
Indonesia discusses new swap agreement with three countries

Finance Minister Chatib Basri said that Indonesia was in negotiations with three countries regarding Bilateral Swap Agreement (BSA) as a precautionary measure the government may take if it needs unexpected liquidity assistance.

“The countries include Japan but I cannot reveal the others,” Chatib said as quoted by Antara on Monday.

Chatib added that the BSA was crucial in the face of a potential crisis as it would assist the government if it faced financial difficulties and would guarantee a fiscal anticipation measure.

“So, if there is a surprise quantitative easing measure in the future, we will be prepared with a solid request package,” Chatib said.

The government now has US$5.5 billion of contingency loans provided by the World Bank, the Asian Development Bank, the Japan Bank for International Cooperation and the Australian government.

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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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