The number of foreign tourists that visited Indonesia in the first six months of 2013 grew 7.2 percent to 4.15 million compared to the same period in 2012. Elka Pangestu, minister of Tourism and Creative Economy, said that there has been a significant surge in visitors from Asia and the Middle East. Foreign visitor arrivals originating from the United Arab Emirates rose 91 percent, followed by Saudi Arabia (22.8 percent), China (19.2 percent), Egypt (17.1 percent) and Hong Kong (16 percent).

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According to Finance minister Chatib Basri, the Indonesian government expects the country's gross domestic product (GDP) to have grown by 6.1 percent in the first six months of 2013. This forecast falls short of the government's 6.3 percent GDP growth assumption in the state budget (APBN). Basri stated that the lower outcome is due to global factors, such as slowing economic growth in China and India. But the government's assumption is more optimistic than the forecast of the central bank, which expects growth between 5.1 and 5.9 percent.

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In its latest report, titled Asian Development Outlook Supplement, the Asian Development Bank (ADB) has downgraded its forecast for economic growth in both 2013 and 2014 for developing Asia due to weak demand from industrial countries and slowing economic growth in China. The ADB revised down its growth forecast for developing Asia by 0.3 percent to 6.3 percent in 2013 and 6.4 percent in 2014. The Manila-based development bank also expects commodity prices to fall sharper than previously estimated. 

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Although the International Monetary Fund (IMF) retains its positive outlook regarding Asia's economic growth for the foreseeable future, the institution warns that the enormous influx of foreign capital in recent years can result in a new bubble due to excessive growth in lending and property prices. Despite these concerns, the IMF expects Asia to grow 5.75 percent in 2013 and calls Asia the leader of global economic recovery, followed by the US and, lastly, Europe.

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The International Monetary Fund (IMF) has upgraded its forecast for this year's economic growth in the ASEAN-5 countries (which comprises Indonesia, the Philippines, Malaysia, Thailand and Vietnam) from an initial 5.5 percent to 6.0 percent. Next year, however, the IMF revised down its forecast for the region from 5.7 percent to 5.5 percent. In 2012, ASEAN-5 had experienced 6.1 percent of economic growth, up from 4.5 percent the previous year.

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Indonesia's coal production is projected to increase 4.4 percent to 400 million tons this year, up from the government's initial forecast of 390 million tons. According to Bob Kamandanu, chairman of the Indonesian Coal Mining Association (Asosiasi Pertambangan Batubara Indonesia, APBI), this growth will be spurred by increased demand from Japan, South Korea, Thailand and Taiwan in June. The coal price is expected to increase accordingly in the middle of the year.

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Exports have always been an important asset to Indonesia's economy. Throughout history, Indonesia recorded a continuous series of trade surpluses. In 2012, however, the country recorded its first ever trade deficit as imports rose (partly due to increased demand of the Indonesian people), while exports declined due to global turmoil and uncertainty. A trade deficit is a new phenomenon to Indonesians and has caused some anxiety in the country.

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Over the past couple of months –essentially since touching a low in August 2020– global coal prices have surged. In January 2021 coal prices were at their strongest levels in almost two years (before experiencing a mild correction in February 2021).

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U.S. stock markets continue to hover near record levels as trade policy conversations between President Donald Trump and President Xi Jinping define the relationship between the world’s two largest economies. The Dow Jones Industrial Average is currently trading just shy of 26,000, which is a psychological level that is often closely-watched by the financial markets.

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Chinese Premier Li Keqiang arrived in Indonesia on Sunday (06/05) for a two-day visit. Part of the visit was a meet up with Indonesian President Joko Widodo (at the Presidential Palace in Bogor) to discuss bilateral trade and investment. Key points on the agenda were the strengthening of trade between both nations and enhanced cooperation on infrastructure development projects in Indonesia, including dams and railways.

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Concerns over a trade war are rising as the European Union (EU) plans to impose a 25 percent retaliatory import tariff on various US products, ranging from clothes to motorcycles, if US President Donald Trump indeed goes ahead with his plan to impose a 25 percent import tariff on steel imports and a 10 percent tariff on aluminum imports.

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Several negative sentiments are putting pressure on the crude palm oil (CPO) price in the first week of March 2018. These sentiments are expected to continue pushing downward pressure on the CPO price in the remainder of this week. On Monday (05/03) the CPO price on the Malaysia Derivatives Exchange (May 2018 shipments) fell 0.28 percent to 2,467 ringgit per metric ton. Compared to one week earlier, the price has now declined 2.91 percent.

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The Consulate General of Indonesia in Guangzhou (China) said Indonesia's coffee exports to China reached USD $34.1 million in the January-September 2017 period, hence Indonesia now ranks second in terms of biggest coffee exporters to China. Vietnam ranks first, by a distance, with a coffee export value of USD $368.8 million in the same period.

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Despite the suicide bombs attack in Jakarta on Wednesday evening (24/05) that killed 3 police officers (and the two militants) at a Jakarta bus station, the Jakarta Composite Index rose after opening on Friday (26/05), while the rupiah only weakened slightly against the US dollar (Thursday was a public holiday). It is yet another example of the fact that markets around the globe have become used to the existence of militant attacks. Particularly a relatively small attack will not lead to any negative sentiments.

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Now the United States - under the Donald Trump administration - are focused on their "America First" policy, China is able to increase its influence in the Asian region. This was apparent at the 30th Association of Southeast Asian Nations (ASEAN) summit on April 26-29 at the Philippine International Convention Center in Pasay City where regional leaders expressed their support for the denuclearization of North Korea but were reluctant to discuss the tensions around the South China Sea.

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As promised US President Donald Trump pulled the United States out of the Trans-Pacific Partnership (TPP), an ambitious free trade deal that was signed in October 2015 (after five years of negotiating) and had created the world's largest free trade area (covering 12 countries and 40 percent of global trade). Trump's move to withdraw the USA from the TPP implies that he distances the USA from its Asian allies and gives China the opportunity to fill in the empty space that is left by America.

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Over the past couple of weeks public outcry ensued in Indonesia due to rumors (a hoax) that said there are currently about ten million workers from China in Indonesia, implying these immigrants are (potentially) "stealing" jobs from the local population. Xenophobia and nationalist sentiments are no strangers to Indonesia, a country that faced a long colonial period, and therefore this hoax easily ignited anxiety among (part of) the Indonesian people. But how many foreigners are currently actually working in Indonesia?

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