Indonesia’s low inflation sparks worry about economy

Indonesia’s decade-low inflation rate has sparked concern among several economists that it foreshadows a further weakening of the largest economy in Southeast Asia.

Saturday, January 04, 2020 16:12

Indonesia’s low inflation sparks worry about economy ảnh 1

Illustrative image (Photo: Jakarta Post)

Jakarta (VNA) - Indonesia’s decade-low inflationrate has sparked concern among several economists that it foreshadows a furtherweakening of the largest economy in Southeast Asia.

The consumer price index (CPI) inched up 2.72 percent in2019, the lowest since 1999 when the CPI rose by 2.13 percent.

Speaking at a press conference on January 2, Chief Statistician of the BPS-Statistics Indonesia Suhariyanto concludedthat prices are under control, but the government should be careful with lowinflation, which showed poor consumption and hurt production.

Accounting for more than halfof the gross domestic product, household spending only rose by 5 percent in thethird quarter of 2019, lower than 5.17 percent in the second quarter.Meanwhile, economic growth dropped to 5.02 percent in the third quarteryear-on-year, the lowest over the past two years, said Director of the Centreof Reform on Economics of Indonesia Mohammad Faisal./.

VNA

#Jakarta inflation #Vietnamplus #Vietnam News Agency #consumer price index #Chief Statistician of the BPS-Statistics Indonesia Suhariyanto #gross domestic product Indonesia

See more

Illustrative image (Photo: https://m.efeedlink.com/)

Philippines allows import of poultry, pork from Argentina

14/01/2025 07:02

The Argentinean Ministry of Foreign Affairs, International Trade and Worship has recently announced that the Philippines authorised Argentine exports of poultry meat and pork and the extension to export beef with bone, offal and fats.

Illustrative photo (Photo: kasikornresearch.com)

Thai government urged to improve efficiency of tax collection, public spending

14/01/2025 06:05

The National Economic and Social Development Council (NESDC) has urged the Thai government to improve efficiency of government revenue collection and effectiveness of public spending as the country’s public debt is projected to reach 69.3% of gross domestic product (GDP) in 2029.

Thailand's major retail groups including the Central Group, the Central Pattana, the Mall Group, and the Mall Life Store Ngamwongwan are launching big shopping campaigns from January 16 to February 28 to attract shoppers. (Photo: nationthailand.com)

Thai retail giants unveil ambitious Lunar New Year campaigns

14/01/2025 05:23

Thailand's major retail groups are launching their most ambitious Lunar New Year campaigns, bolstered by the government's latest Easy e-Receipt 2.0 tax incentive scheme.

Foreign Affairs Minister Sugiono, who dons a peci or black cap, at the back, attends the BRICS Plus Summit in Kazan, Russia, on October 24, 2024. (Photo courtesy of Foreign Affairs Ministry)

Indonesia’s BRICS membership aims to cool down geoeconomic rivalry

14/01/2025 04:16

Indonesia is hoping to cool down the global economic rivalry by joining the Russia and China-led BRICS, according to Indonesian Foreign Affairs Minister Sugiono.

Thanks to its geographical advantages, Guangxi and ASEAN have significant potential for economic and trade cooperation. In the photo: A booth of a Vietnamese enterprise at the 21st China-ASEAN Expo (CAEXPO). (Photo: VNA)

China-ASEAN medical procurement platform launched

14/01/2025 03:05

The China-ASEAN Medical Regional Procurement Platform has been recently launched at a ceremony in Fangchenggang city, China’s Guangxi.

4 killed, 5 injured in landslide in Indonesia

13/01/2025 21:42

Four people were killed in Batam city, Riau Islands province of Indonesia, after a landslide struck a housing complex early on January 13.

Jade mine collapse in Myanmar kills at least 12

13/01/2025 21:37

Myanmar police reported on January 13 that at least 12 bodies have been recovered following a jade mine collapse in Kachin State, located in the northern part of the country.

Sugiono at his first-ever annual address as foreign minister. (Photo: VNA)

Economic diplomacy forms important pillar of Indonesia’s foreign policy in 2025

13/01/2025 16:39

Indonesian Foreign Minister Sugiono has positioned economic diplomacy at the forefront of the nation's international engagement strategy.

Thailand to set up negative income tax system

13/01/2025 16:18

A tax reform committee has been set by the Finance Ministry of Thailand to study the implementation of a negative income tax (NIT) system.

As the current Asean chair, Malaysia can propose a roundtable discussion between South-east Asia and the BRICS countries to explore new trade corridors, diversify regional trade, and reduce reliance on traditional partners. (Photo: Bernama)

Malaysia bolster collaboration between ASEAN and BRICS

13/01/2025 15:07

As the current ASEAN Chair, Malaysia can propose a discussion between Southeast Asian and BRICS countries to diversify trade ties and reduce reliance on traditional partners.

At the talks between Japanese Prime Minister Ishiba Shigeru and Indonesian President Prabowo Subianto on January 11 (Photo: Kyodo/VNA)

Japan announces Indonesian projects worth 815 million USD

13/01/2025 14:34

Japanese Prime Minister Ishiba Shigeru announced a set of projects worth a total of 129 billion JPY (815 million USD) in Indonesia during his meeting with President Prabowo Subianto on January 11.

Thailand's Deputy Minister of Commerce Suchart Chomklin (Photo: thainews.prd.go.th)

Thailand expands FTAs to boost global competitiveness

13/01/2025 11:29

Thailand is intensifying efforts to expand its Free Trade Agreements (FTAs) as a core strategy to boost economic growth and enhance its competitiveness in global markets.

The article published by Resumen Latinoamericano (Screenshot photo)

Argentine media praises Vietnam’s economic diplomacy efforts

13/01/2025 10:47

Vietnam continued efforts to connect with global partners, especially those to explore new growth drivers in Latin America, the Middle East-Africa, and G7 industrialised nations via external affairs and diplomatic activities of Party and State leaders, according to local Argentine media.

Japanese Prime Minister Shigeru Ishiba (left) and his Malaysian counterpart Anwar Ibrahim at the joint press conference. (Photo: Kyodo/VNA)

Japan strengthens commitment to Southeast Asia

13/01/2025 03:44

Japanese Prime Minister Shigeru Ishiba on January 10 met with his Malaysian counterpart Anwar Ibrahim during his visit to the Southeast Asian country, pledging to enhance cooperation in addressing urgent regional and international challenges, including tensions in the East Sea, the Middle East, and the ongoing crisis in Myanmar.