Foreign

Indonesia forecasts that GDP will grow between 4.5 and 5.3 percent next year

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2 months ago

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November 30, 2022

By

Perry Warjiyo

Indonesia‘s central bank has forecast the country‘s economy to grow in the coming years, supported by private consumption, investment and positive export performance amid slowing global economy, the bank’s governor said on Wednesday. from Indonesia (BI), Perry Warjiyo.

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The BI estimates that gross domestic product will grow in the range of 4.5 to 5.3 percent in 2023 and continue to strengthen to 4.7 to 5.5 percent in 2024, Warjiyo told the Bank of Indonesia Annual Meeting. 2022 held in Jakarta.

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From August to November, Bank Indonesia raised interest rates by 175 bp to 5.25 percent, Warjiyo said.

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The central bank sees this as a forward-looking, preemptive and forward-looking step to reduce exaggerated expectations and ensure that core inflation returns to the 2-4 percent target in the first half of 2023.

At the same time, the central bank strengthened its policy of stabilizing the rupee’s exchange rate to be in line with its fundamental value due to the strengthening US dollar and high market uncertainty, Warjiyo said. ■

(Xinhua)

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Chinese balloon punctures Blinken’s plans, leaving U.S.-China ties adrift

Chinese balloon punctures Blinken’s plans, leaving U.S.-China ties adrift

Chinese balloon punctures Blinken’s plans, leaving U.S.-China ties adrift

$US Secretary of State Antony Blinken has postponed a visit to China that had been expected to start on Friday after a Chinese spy balloon was tracked flying across the United States in what US officials call a clear violation of US sovereignty US authorities labelled the high altitude balloon which was spotted over sensitive sites unacceptable saying it violated US airspace and international law and was being used for surveillance China previously claimed the balloon was a weather research airship that had been blown off course We are aware of the PRC statement said Pentagon press secretary Pat Ryder in Washington DC on Friday local time We do know that the balloon has violated US airspace and international law which is unacceptable Mr Ryder described the balloon as a manoeuvrable craft which was moving eastward He said it was currently over the centre of the continental US and did not present a military or physical threat to people on the ground The North American Aerospace Defense Command NORAD was closely monitoring the balloon which was roughly 60 000 feet above ground level while the Biden administration weighed its options Mr Ryder said At present the US does not plan to shoot down the balloon out of an abundance of caution We do recognise that any potential debris field would be significant and potentially cause civilian injuries or deaths or significant property damage Mr Ryder said Earlier in the day US Secretary of State Antony Blinken abruptly postponed a high stakes weekend diplomatic trip to China The development came just before Mr Blinken had been due to depart Washington for Beijing and marked a new blow to already strained US Chinese relations Relations between China and the United States soured in recent years particularly following then US House Speaker Nancy Pelosi s visit to Taiwan in August which prompted dramatic Chinese military drills near the self ruled island President Joe Biden declined to comment on the balloon when questioned at an economic event Two 2024 election challengers former president Donald Trump and Nikki Haley the former South Carolina governor and UN ambassador said the US should immediately shoot down the balloon Mr Trump posted SHOOT DOWN THE BALLOON on his Truth Social media platform Discovery of the balloon was announced by Pentagon officials who said one of the places it was spotted was over the state of Montana which is home to one of America s three nuclear missile silo fields at Malmstrom Air Force Base A senior defence official said the US prepared fighter jets including F 22s to shoot down the balloon if ordered but the Pentagon had ultimately recommended against it The US has assessed that it had only limited value in terms of providing intelligence China couldn t obtain by other technologies such as spy satellites the official said Postponement of Mr Blinken s trip which was agreed to in November by Mr Biden and Chinese President Xi Jinping is a blow to those on both sides who saw it as an overdue opportunity to stabilise an increasingly fractious relationship The last visit by a US secretary of state was in 2017 Mr Blinken had been prepared as late as Thursday to travel to Beijing this weekend but the administration had begun to reconsider the trip following the discovery of the balloon on Wednesday even before its presence was made public The official who spoke to reporters on condition of anonymity due to the sensitivity of the matter said the administration had noted China s expression of regret He said the seriousness of the violation of US airspace sovereignty and international law was such that Mr Blinken s trip could not go forward as planned The official said that message had been delivered by Mr Blinken to Chinese State Councillor Wang Yi on Friday However the official also said that Mr Blinken had told the Chinese he would be prepared to travel to China at the earliest opportunity when conditions allow Mr Blinken s long anticipated meetings with senior Chinese officials had been seen in both countries as a way to find some areas of common ground at a time of major disagreements over Taiwan human rights China s claims in the South China Sea North Korea Russia s war in Ukraine trade policy and climate change Although the trip which was agreed to in November by President Biden and Chinese President Xi Jinping at a summit in Indonesia had not been formally announced officials in both Beijing and Washington had been talking in recent days about Mr Blinken s imminent arrival The meetings were to begin on Sunday and go through Monday The discovery alarmed many in Washington and across the country and besides the US protests lodged with Chinese officials it attracted strong criticism of the administration from Republican members of Congress who have advocated taking a tougher stance with China China which angrily denounces surveillance attempts by the US and others over areas it considers to be its territory and once forced down an American spy plane offered a generally muted reaction to the Pentagon announcement In a relatively conciliatory statement the Chinese foreign ministry said late on Friday that the balloon was a civilian airship used mainly for meteorological research The ministry said the airship has limited self steering capabilities and deviated far from its planned course because of winds From military spy satellites in space to advanced electronic intelligence aircraft and submarines the US routinely deploys an array of assets to monitor China s military build up analysts and diplomats say Credit abc net au You can read the original article here$
US top diplomat cancels China trip over ‘unacceptable’ Chinese balloon incident

$US Secretary of State Antony Blinken has postponed a visit to China that had been expected to start on Friday after a Chinese spy balloon was tracked flying across the United States in what US officials call a clear violation of US sovereignty US authorities labelled the high altitude balloon which was spotted over sensitive sites unacceptable saying it violated US airspace and international law and was being used for surveillance China previously claimed the balloon was a weather research airship that had been blown off course We are aware of the PRC statement said Pentagon press secretary Pat Ryder in Washington DC on Friday local time We do know that the balloon has violated US airspace and international law which is unacceptable Mr Ryder described the balloon as a manoeuvrable craft which was moving eastward He said it was currently over the centre of the continental US and did not present a military or physical threat to people on the ground The North American Aerospace Defense Command NORAD was closely monitoring the balloon which was roughly 60 000 feet above ground level while the Biden administration weighed its options Mr Ryder said At present the US does not plan to shoot down the balloon out of an abundance of caution We do recognise that any potential debris field would be significant and potentially cause civilian injuries or deaths or significant property damage Mr Ryder said Earlier in the day US Secretary of State Antony Blinken abruptly postponed a high stakes weekend diplomatic trip to China The development came just before Mr Blinken had been due to depart Washington for Beijing and marked a new blow to already strained US Chinese relations Relations between China and the United States soured in recent years particularly following then US House Speaker Nancy Pelosi s visit to Taiwan in August which prompted dramatic Chinese military drills near the self ruled island President Joe Biden declined to comment on the balloon when questioned at an economic event Two 2024 election challengers former president Donald Trump and Nikki Haley the former South Carolina governor and UN ambassador said the US should immediately shoot down the balloon Mr Trump posted SHOOT DOWN THE BALLOON on his Truth Social media platform Discovery of the balloon was announced by Pentagon officials who said one of the places it was spotted was over the state of Montana which is home to one of America s three nuclear missile silo fields at Malmstrom Air Force Base A senior defence official said the US prepared fighter jets including F 22s to shoot down the balloon if ordered but the Pentagon had ultimately recommended against it The US has assessed that it had only limited value in terms of providing intelligence China couldn t obtain by other technologies such as spy satellites the official said Postponement of Mr Blinken s trip which was agreed to in November by Mr Biden and Chinese President Xi Jinping is a blow to those on both sides who saw it as an overdue opportunity to stabilise an increasingly fractious relationship The last visit by a US secretary of state was in 2017 Mr Blinken had been prepared as late as Thursday to travel to Beijing this weekend but the administration had begun to reconsider the trip following the discovery of the balloon on Wednesday even before its presence was made public The official who spoke to reporters on condition of anonymity due to the sensitivity of the matter said the administration had noted China s expression of regret He said the seriousness of the violation of US airspace sovereignty and international law was such that Mr Blinken s trip could not go forward as planned The official said that message had been delivered by Mr Blinken to Chinese State Councillor Wang Yi on Friday However the official also said that Mr Blinken had told the Chinese he would be prepared to travel to China at the earliest opportunity when conditions allow Mr Blinken s long anticipated meetings with senior Chinese officials had been seen in both countries as a way to find some areas of common ground at a time of major disagreements over Taiwan human rights China s claims in the South China Sea North Korea Russia s war in Ukraine trade policy and climate change Although the trip which was agreed to in November by President Biden and Chinese President Xi Jinping at a summit in Indonesia had not been formally announced officials in both Beijing and Washington had been talking in recent days about Mr Blinken s imminent arrival The meetings were to begin on Sunday and go through Monday The discovery alarmed many in Washington and across the country and besides the US protests lodged with Chinese officials it attracted strong criticism of the administration from Republican members of Congress who have advocated taking a tougher stance with China China which angrily denounces surveillance attempts by the US and others over areas it considers to be its territory and once forced down an American spy plane offered a generally muted reaction to the Pentagon announcement In a relatively conciliatory statement the Chinese foreign ministry said late on Friday that the balloon was a civilian airship used mainly for meteorological research The ministry said the airship has limited self steering capabilities and deviated far from its planned course because of winds From military spy satellites in space to advanced electronic intelligence aircraft and submarines the US routinely deploys an array of assets to monitor China s military build up analysts and diplomats say Credit abc net au You can read the original article here$
US top diplomat cancels China trip over ‘unacceptable’ Chinese balloon incident

US top diplomat cancels China trip over ‘unacceptable’ Chinese balloon incident

Mystery balloon discovery over Montana cancels US China trip

Mystery balloon discovery over Montana cancels US China trip

Mystery balloon discovery over Montana cancels US China trip