Below is a list with tagged columns and company profiles.

Today's Headlines Import

  • Current Account Balance Remains Achilles' Heel of Indonesia

    Indonesia’s current account deficit widened to USD $31.1 billion, equivalent to 2.98 percent of the country’s gross domestic product (GDP), in full-year 2018. It is a big deterioration compared to the USD $17.29 billion deficit (1.7 percent of GDP) in the preceding year. It means the current account balance remains the Achilles’ heel of the Indonesian economy, one that - potentially - triggers rapid and large capital outflows in times of global economic turmoil.

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  • Indonesia-EFTA CEPA Trade Deal Signed, Will it Bring New Trade Opportunities?

    On Sunday 16 December 2018 Indonesia and the European Free Trade Association (EFTA), which consists of non-EU member countries Switzerland, Norway, Liechtenstein and Iceland, signed the Indonesia-EFTA Comprehensive Economic Partnership Agreement (CEPA). The signing ceremony, which was held in Indonesia’s capital city of Jakarta, effectively ends nearly eight years of negotiations between both sides.

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  • Indonesia Cuts Import Duty Exemption to USD $75 per Day

    Those who enjoy shopping for foreign products - for example online - that need to be imported into Indonesia will possibly have to face higher prices starting from 10 October 2018 as the Indonesian government decided to lower the import duty exemption ceiling from USD $100 to USD $75 per day, per buyer.

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  • Plans to Raise Import Tax for Certain Goods Meets Resistance

    The Indonesian government is planning to impose measures in order to curtail imports into Indonesia (in an effort to improve the trade balance, current account balance, and strengthen the rupiah exchange rate). One measure that is currently being prepared by the Finance Ministry is higher import tariffs for certain goods. Another measure that is being studied is reducing the number of entrance points for imports.

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  • Trade Balance Indonesia: Big Monthly Trade Deficit in July 2018

    Adding more pressures onto the rupiah, Indonesia's Statistics Agency (BPS) announced on Wednesday (15/08) that the country's trade balance deteriorated significantly. In July 2018 Indonesia had a USD $2.03 billion trade deficit, much bigger than had been expected by analysts (and constituting the widest monthly trade deficit in the past five years). The latest deficit was particularly attributed to rapidly rising imports into Southeast Asia's largest economy.

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  • Trade Balance Indonesia: $1.74 Billion Surplus in June 2018

    According to the latest data from Statistics Indonesia (BPS), the country's trade balance showed a USD $1.74 billion surplus in June 2018. It was a much bigger surplus than had been estimated by analysts, primarily caused by weaker import growth than had been predicted by analysts.

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Latest Columns Import

  • Indonesia Aims to Ratify the RCEP Trade Agreement in Q1-2022

    Indonesia Aims to Ratify the RCEP Trade Agreement in Q1-2022

    In January 2022 Indonesian Minister for Coordinating Economic Affairs Airlangga Hartarto said the Indonesian government aims to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement in the first quarter of 2022. Just like the Philippines and Myanmar, Indonesia is still to ratify the RCEP even though this agreement already took effect per 1 January 2022.

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  • Rapidly Developing E-Commerce Sector Changes the Traditional Way of Doing Business in Indonesia

    E-commerce – which refers to the activity of electronically buying (or selling) products through online services or over the Internet – has been developing rapidly in Indonesia over the past decade. More and more Indonesians have started to shop online, forcing many offline retail players to adapt and innovate their business models in order to survive in this new and challenging environment where two newcomers, both tech startups and both e-commerce platforms, have developed into a unicorn (Tokopedia and Bukalapak) which is a startup that is valued above USD $1 billion.

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  • Long Awaited Indonesia-Australia Comprehensive Economic Partnership Agreement Signed

    After nearly nine years of talks and negotiations (although communication between both sides had been put to a halt - amid diplomatic tensions – at more than one occasion over these nine years) Indonesia and Australia finally signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) in Jakarta on 4 March 2019. It is an agreement that launches a brand new chapter in economic relations and cooperation between Australia and Indonesia.

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  • Trade Balance: Small Trade Surplus in September, Start of Recovery?

    Based on the latest data from Indonesia’s Statistical Agency (BPS), Indonesia recorded a USD $227.1 million trade surplus in September 2018. Although it is a very small surplus, it did lead to some optimism. After all, Indonesia had recorded big monthly trade deficits of USD $2.0 billion and USD $944.2 million in July 2018 and August 2018, respectively.

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