• Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

    Trade Balance Indonesia: Second Consecutive Monthly Surplus in March

    It was a welcome surprise to see Indonesia recording a trade surplus of USD $540.2 million in March 2019, extending the monthly trade surplus to two (straight) months, which is something we had not seen in more than a year. However, when we take a look at the first quarter of 2019, then Indonesia’s overall trade balance still shows a deficit of USD $193.4 million.

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  • After 29 Years Rabobank Indonesia to Stop Operations in Indonesia

    After 29 Years Rabobank Indonesia to Stop Operations in Indonesia

    Rabobank Indonesia (short for PT Bank Rabobank International Indonesia) has announced that it is to phase out its operations in Indonesia starting per direct. The decision was made by the bank's shareholders. Fierce competition in Indonesia's banking industry, which particularly hurts the smaller banks, is believed to be the main reason behind the decision.

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  • Indonesia’s Manufacturing Activity Jumps in March

    Indonesia’s Manufacturing Activity Jumps in March

    Activity in Indonesia’s manufacturing sector grew in March 2019 on the back of solid domestic demand. The Nikkei Indonesia Manufacturing Purchasing Managers’ Index (PMI) accelerated to a reading of 51.2 in March, from 50.1 in the preceding month (a reading above 50.0 indicates expansion in the manufacturing sector, while a reading below 50.0 indicates contraction). It also meant that Indonesia managed to outperform its regional peers as the average PMI in the ASEAN counties stood at 50.3 in March. Overall, survey data show a marginal expansion in Indonesia’s manufacturing economy during the first quarter of 2019.

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