Below is a list with tagged columns and company profiles.

Today's Headlines Trade

  • Trade Balance of Indonesia: Trade with China Comes on Steam Again After Lockdown Ends

    Trade Balance of Indonesia: Trade with China Comes on Steam Again After Lockdown Ends

    Last month we basically came to the conclusion that the novel coronavirus (COVID-19) crisis has a direct (short-term) positive effect on Indonesia’s trade performance (although the longer term consequences are clearly negative) as Indonesia managed to boost exports (possibly because it filled the gap left by China’s lockdown), while imports into Indonesia fell markedly (partly because of the lower need for inputs for export-oriented output), thus leading to a comfortable trade surplus.

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  • Trade Balance of Indonesia Swings Back into a Surplus in October 2019

    Trade Balance of Indonesia Swings Back into a Surplus in October 2019

    Indonesia’s trade balance swung back into a surplus in October 2019. Statistics Indonesia (BPS), which released the country’s latest trade data on 15 November 2019, reported a USD $161 million trade surplus for Indonesia in October. It is an improvement from the USD $164 million trade deficit the country had experienced in the preceding month, and a huge improvement from the USD $1.76 billion trade deficit in the same month one year earlier (October 2018).

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  • Trade Balance of Indonesia Swings Back into Deficit in July 2019

    Trade Balance of Indonesia Swings Back into Deficit in July 2019

    Indonesia’s trade balance swung back into a deficit in July 2019 as the country’s exports could not compensate for its imports. However, at USD $63 million, the monthly deficit is not too big (compared to the USD $2.3 billion and USD $1.1 billion deficits that were recorded in April and January, respectively).

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  • Interview with SwissCham Indonesia Chairman Luthfi Mardiansyah

    Interview with SwissCham Indonesia Chairman Luthfi Mardiansyah

    In this month’s edition we decided to zoom in on economic relations between Switzerland and Indonesia, two countries that are both blessed with natural beauty. Although a quick look at the available data shows that trade and investment flows between both nations are quite small, we detected quite a lot of interesting activity in recent years that could – and should – lead to a boost in investment and trade between both countries.

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  • Trade Balance Indonesia: Bouncing Back to a Surplus in May but Outlook Remains Gloomy

    Trade Balance Indonesia: Bouncing Back to a Surplus in May but Outlook Remains Gloomy

    After the massive USD $2.29 billion trade deficit in April 2019 (which was the biggest monthly trade deficit in six years), Indonesia managed to turn the balance into a USD $206.7 million surplus in May 2019. Albeit small, Indonesian policymakers must have been relieved seeing the surplus as previously there were mixed opinions whether Indonesia would record a surplus or deficit in May.

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  • Indonesia-Chile CEPA to Come into Effect in August 2019

    Indonesia-Chile CEPA to Come into Effect in August 2019

    On 11 June 2019, Indonesian Trade Minister Enggartiasto Lukita met Chilean Vice-Minister of Trade Rodrigo Yanez Benitez to exchange an instrument of ratification of the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA). The IC-CEPA, Indonesia’s first trade agreement with a Latin American country, is set to come into effect on 10 August 2019.

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Latest Columns Trade

  • Bilateral Currency Swap Arrangement (BCSA) Indonesia and Korea

    On 12 October 2013 Finance Minister and Central Bank Governors from Korea and Indonesia agreed to establish a bilateral KRW/IDR swap arrangement in the near future. The size of the swap arrangement is up to KRW 10.7 trillion/IDR 115 trillion (equivalent to USD $10 billion). The effective period of the facility will be three years, and could be extended by agreement by both sides. This Bilateral Currency Swap Arrangement (BCSA) aims to promote bilateral trade and further strengthen financial cooperation, an objective of mutual interest to both countries.

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  • World Bank Revises Down Forecast for Indonesia's Economic Growth to 5.9%

    World Bank Projection Indonesia Investments

    The World Bank has revised down its forecast for economic growth in Indonesia in 2013 to 5.9 percent from its original estimate of 6.2 percent. Similarly, the institution has altered its forecast for economic growth in 2014 from 6.5 percent to 6.2 percent. The revised figures were published in July's edition of the Indonesia Economic Quarterly (IEQ), titled 'Adjusting to Pressures'. The World Bank's forecast is also in sharp contrast with the GDP assumption of the Indonesian government, which puts economic growth in 2013 at 6.3 percent.

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  • Foreign Relations: Trade Between Indonesia and Sweden

    Indonesia and Sweden intend to increase business relations between both countries. Last month, Indonesia's president Susilo Bambang Yudhoyono made a state visit to Sweden, while in 2012 Sweden prime minister Fredrik Reinfeldt visited Indonesia. A number of topics were discussed during these visits, including trade and investment. After the discussions, both countries agreed that trade and investment between the countries should be expanded. Up to early 2013, 77 Swedish companies are in operation in Indonesia.

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  • Indonesia Intends to Increase Trade with Several European Countries

    Indonesia already is a strong trade partner to a number of countries in Europe. Based on data released by Indonesia's Ministry of Trade, the Netherlands and Spain are two European countries that import a considerable amount of Indonesian products and thus are important contributors to Indonesia's trade surplus in the non oil & gas sector. But other European nations, such as Germany and Russia, pressure Indonesia's trade surplus. It indicates that, despite the wide distance, Indonesia and Europe have a close and valuable trade relationship.

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  • Import-Export Trade and Investment between USA and Indonesia

    Although the United States continues its traditional focus on direct investments in developed countries, primarily in Western Europe, there has been a significant rise in US investments in Indonesia in recent years. Whereas US investments in the developed economies of Western Europe is mostly found in the financial sector and through holding companies, in developing Asia, the US is more focused on the manufacturing sector due to lower production costs. In the last two years, the US emerged as the second-largest investor in Indonesia after Japan.

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  • Indonesia's Current Account Deficit Improves in the First Quarter of 2013

    Indonesia's central bank (Bank Indonesia or BI) announced on Wednesday (15/05/13) that the country's external balance has improved during Q1-2013 as non-oil and gas trade were up. Indonesia's current account deficit stood at USD $5.3 billion (2.4 percent of GDP) in Q1-2013, compared to the previous quarter's deficit of USD $7.6 billion (3.5 percent of GDP). Indonesia has experienced a widening trade deficit, although it recorded a trade surplus of USD $304.90 in March, the first trade surplus since September 2012.

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  • Indonesia's Central Bank Keeps Its Benchmark Rate at Record Low 5.75 Percent

    The central bank of Indonesia (Bank Indonesia, or BI) decided to maintain its record low policy rate for the 15th straight month at 5.75 percent as it is considered consistent with its inflation target range of 3.5-5.5 percent in 2013 and 2014. The central bank also stated that the global economic recovery is accompanied by many uncertainties which result in a lower forecast for Indonesia's economic growth. The full press release of Bank Indonesia can be read below.

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