Indonesia’s central bank has trimmed its inflation target this year as domestic demand remains subdued amid rupiah appreciation against USD, Perry Warjiyo,said the bank’s deputy governor.
Hanoi (VNA)🦩 – Indonesia’s central bank has trimmed its inflation target this year as domestic demand remains subdued amid rupiah appreciation against USD, Perry Warjiyo, the bank’s deputy governor, said on October 21.
Perry Warjiyo disclosed that the lender expects consumer price index (CPI) at 3-3.1 percent this year, lower than its initial estimate of 3.2 percent.
"The pressure from domestic demand is still weak. Strong rupiah appreciation against the greenback causes imported-inflation low," he said. Rupiah has gained around 6 percent per one USD this year and was traded at 13,020 on October 21.
Relatively low global prices of commodities, including Indonesia's main exports, also contribute to the weakening inflation, Warjiyo added.
According to the bank’s survey, the consumer confidence index dropped to 110 in September from 113.3 in August, showing a slight fall in consumer optimistic views and expectation of economic condition.
The Bank Indonesia (BI) also trimmed its inflation forecast to 3.5 percent from the initial projection of 3.6-3.7 percent, said Warjjiyo.
Extreme weather and implementation of the electricity tariff increase plan next year are expected to contribute to increasing the consumer price index in 2017, according to Handri Adwilaga, assistant director at department of economy and monetary at the central bank.
The BI has cut its basic interest rate for six times this year to support growth. On October 20, it cut its 7-day-reverse-repo rate 25 basis points to 4.75 percent.
Earlier, the government expects the national economy to grow 5.2 percent this year and 5.1 percent next year.-VNA
Bank Indonesia (BI) has reported that the country’s foreign exchange reserves at the end of July increased by 1.6 billion USD to 111.4 billion USD, up from 109.8 billion USD in June this year.
Bank Indonesia (BI) has reduced its country’s GDP growth forecast from the previous 5 – 5.4 percent to 4.9 – 5.3 percent for this year, the Jakarta Globe newspaper reported.
The House of Representatives’ Budget Committee of Indonesia agreed with the government’s proposal on lowering the country’s economic growth target for 2017 to 5.1 percent on September 29.
Indonesia and Japan signed to extend a bilateral currency swap agreement on the sidelines of an annual meeting between the International Monetary Fund and the World Bank on October 9.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Illustrative image (Source: energitoday.com)
