Below is a list with tagged columns and company profiles.

Today's Headlines Trade Balance

  • Indonesia’s May Trade Surplus $950 Million, Concern about Falling Imports

    Badan Pusat Statistik (Statistics Indonesia) announced today (15/06) that Indonesia posted a USD $950 million trade surplus in May 2015, the sixth consecutive monthly trade surplus and higher than the earlier projected USD $600 million. Although the trade surplus is positive news, a closer look at the data shows that domestic and global activity has weakened as Indonesian imports fell 21.4 percent (y/y) to USD $11.6 billion, while exports fell 15.2 percent to USD $12.6 billion in May, the eight straight month of falling imports and exports.

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  • Rupiah Down against US Dollar, Markets Wait for Bank Indonesia Meeting

    Indonesia’s rupiah continued to weaken on Monday’s trading day (18/05). The Indonesian rupiah had depreciated 0.22 percent to IDR 13,113 per US dollar by 12:08 pm based on the Bloomberg Dollar Index as market participants are waiting for results of the central bank’s Board of Governor’s Meeting, scheduled for Tuesday (19/05). At this meeting Indonesia’s central bank (Bank Indonesia) will discuss and determine its stance on the country’s interest rate environment. Currently, the key rate (BI rate) is set relatively high at 7.50 percent.

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  • Indonesia Investments' Newsletter of 17 May 2015 Released

    On 17 May 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic matters such as updates on Indonesia’s current account balance and trade balance, Indonesia’s interest rate environment, human capital development, the forest moratorium, foreign ownership of property, and more.

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  • Government Indonesia Offers Tax Breaks to Improve Current Account

    Per May 2015 the government of Indonesia will offer tax breaks to companies that export a minimum of 30 percent of their production. Earlier this month, Indonesian President Joko Widodo signed a package that includes the tax break for exporters as well as a tax break for multinational companies that are willing to re-invest profits in Indonesia instead of sending profits and dividends to shareholders abroad. This package is designed to improve Indonesia’s trade balance (and the related current account balance).

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  • Rupiah Update Indonesia: What Causes the Slight Depreciation Today?

    In line with other Asian emerging market currencies, the Indonesian rupiah is depreciating against the US dollar on Monday’s trading day (20/04). According to the Bloomberg Dollar Index, Indonesia’s currency had depreciated 0.25 percent to IDR 12,882 per US dollar at 13:00 pm local Jakarta time. However, Head of Research at NH Korindo Securities Reza Priyambada believes that the currency cannot depreciate much further as positive economic data provides enough support for the rupiah.

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  • Bank Indonesia Expects to See an Improving Current Account in Q1-2015

    The central bank of Indonesia (Bank Indonesia) expects that the country’s current account deficit has eased to 1.6 percent of gross domestic product (GDP) in the first quarter of 2015. This estimate is lower than the institution’s initial forecast of 2 percent of GDP. Main reason for this more optimistic view is that Indonesia experienced a USD $2.43 billion trade surplus in the first quarter of 2015. Particularly the unexpectedly-wide USD $1.13 billion trade surplus in March will manage to ease pressures on the country’s current account.

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  • Indonesia Investments' Newsletter of 19 April 2015 Released

    On 19 April 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic matters such as an update on Bank Indonesia’s interest rate policy, the performance of the rupiah, the March trade balance, updates on coal, palm oil, cement and car sales, GDP growth forecast, alcohol in Indonesia, and more.

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  • Bullish Indonesian Rupiah after March Trade Surplus

    Over the past two days the Indonesian rupiah has performed strongly against the US dollar. The primary reason for this performance is Indonesia’s March trade surplus. On Wednesday (15/04), Statistics Indonesia announced that the country’s March trade surplus totaled USD $1.13 billion. This is Indonesia’s fourth straight monthly trade surplus and the highest one since December 2013. Moreover, the USD $1.13 billion March surplus was nearly twice the size that analysts had forecast previously.

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  • Indonesia Posts $1.1 Billion Trade Surplus in March 2015

    Statistics Indonesia (BPS) announced on Wednesday (15/04) that Indonesia posted a USD $1.13 billion trade surplus in March 2015, the country’s fourth straight monthly trade surplus, and almost twice the size that analysts had forecast earlier. Despite the monthly trade surplus being good news, data also showed that both Indonesian exports and imports contracted. Exports were down 9.8 percent (y/y) to USD $13.71 billion in March, while imports fell 13.4 percent (y/y) to USD $12.58 billion.

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  • Stocks & Rupiah Update Indonesia: Impact of Janet Yellen’s Statements

    Whereas the Indonesian rupiah is depreciating on Monday’s trading day (30/03), Indonesian stocks climb significantly. At 14:15 pm local Jakarta time, the benchmark stock index (Jakarta Composite Index) had gained 0.93 percent to 5,444.27 points. In line with other Asian markets, Indonesia’s stock index felt the positive impact of Fed Chief Janet Yellen’s statements on Friday (27/03). Yellen indicated in a speech in San Francisco that it is riskier to raise US interest rates too fast than to raise them too slowly.

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Latest Columns Trade Balance

  • 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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  • Trade Balance Indonesia: USD $1.02 Billion Deficit in August 2018

    Based on the latest data of Indonesia’s Statistics Agency (BPS), Indonesia’s trade deficit was recorded at USD $1.02 billion in August 2018. Although improving from the USD $2.03 billion trade deficit one month earlier (which constituted Indonesia’s biggest monthly trade deficit in five years), the deficit remains robust and therefore causes persistent concerns about the country’s current account deficit and the rupiah exchange rate.

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  • Trade Balance Indonesia Remains in Deficit in February 2018

    The trade balance of Indonesia showed another deficit in February 2018, the nation's third consecutive monthly trade deficit. Based on data from Indonesia's Statistics Agency (BPS), the country's total exports reached USD $14.1 billion in February, up 10.1 percent on a year-on-year (y/y) basis, while total imports grew 25.2 percent (y/y) to USD $14.2 billion.

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  • Weak Diversification Behind Indonesia's Trade & Current Account Deficits

    The central bank of Indonesia (Bank Indonesia) said it expects to see another monthly trade deficit - approximately USD $230 million - in February 2018. If so, it would be the third straight monthly trade deficit for Southeast Asia's largest economy after a USD $220 million deficit in December 2017 and a USD $678 million deficit in January 2018 (the latter being the country's highest monthly deficit since April 2014).

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