Contrary to the positive performance of most emerging market stocks, Indonesia's benchmark Jakarta Composite Index fell more than one percent on Monday (15/08). While other markets were supported by advances in crude oil prices and a rally in Chinese shares, Indonesian shares declined on the nation's weak trade data that were released by Indonesia's Statistics Agency today. Investors were eager to use this opportunity to engage in profit taking as the Jakarta Composite Index nearly touched a record-high level after an impressive recent rally.

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Indonesia's Statistics Agency (BPS) announced on Monday (15/08) that the trade balance of Indonesia showed a surplus of USD $598 million in July 2016, down from a USD $879.2 million surplus in the preceding month and considerably below analyst forecasts. Although Indonesia, Southeast Asia's largest economy, booked a USD $4.2 billion trade surplus in the first seven months of 2016, concern about Indonesia's weakening exports and imports persist. Faster falling imports (compared to exports) explains the trade surplus.

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Indonesian cement producers request the government not to issue new permits for the construction of cement plants in Indonesia. Such a moratorium should be put in place until at least 2019 as the nation's existing cement producers fear further falling profit due to the structural cement oversupply. Indonesia's total installed cement production capacity has now reached 92 million tons (per year), while domestic cement demand is expected to reach 65 million tons only in full-year 2016.

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On 14 August 2016, 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 over the last seven days. Most of the topics involve economy-related topics such as the 2009 mining law, oil refineries, geothermal energy, income tax, the top conglomerates, infrastructure development, property, palm oil, coal mining, and more.

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