• Current Account Deficit Indonesia Expected to Widen to 2.5% of GDP

    The current account deficit of Indonesia could widen to 2.5 percent - or more - of the nation's gross domestic product (GDP) in the second quarter of 2018 according to Bank Indonesia's Senior Deputy Governor Mirza Adityaswara. He added that a current account deficit below 3 percent of GDP is still in the safe zone. Dividend payouts are expected to put additional pressure on the Q2-2018 current account deficit of Indonesia.

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  • Government of Indonesia Wants to Start B30 Biodiesel Program in 2019

    The Indonesian government plans to speed up the implementation of the B30 biodiesel program in the country's transportation sector. Initially the government wanted to implement the program in 2020. However, the government now targets for 2019. The B30 program means that the mandatory content of fatty methyl ester in biofuel is raised to 30 percent.

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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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