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NEW UPDATES Asean Affairs   26 February  2016  







Malaysia’s Jan inflation rises to 3.5%

MALAYSIA’S inflation rate in January surged to the fastest level in nearly two years, but this is not expected to lead to any hike of the country’s benchmark interest rate.

The consumer price index in January rose 3.5 per cent from a year earlier, the largest annual increase since March 2014.

In December, the annual rate was 2.7 per cent. A Reuters poll had forecast a January level of 3.7 per cent. Fuel prices fell in January but a low base from a year earlier plus increased food and cigarette prices contributed to a higher inflation rate last month, economists said. In November, the government raised excise taxes on tobacco products by 40 per cent.

Inflation climbed following the introduction of a six per cent goods and services tax in April 2015, but had been below three per cent since September.

The weakening of the ringgit in 2015, the worst performing currency in the region last year, has also boosted prices of imports.

The central bank has an inflation target this year of 2.5-3.5 per cent.



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ASEAN  ANALYSIS

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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