• Trade Balance Indonesia: $1.14 Billion Surplus in February

    Indonesia's trade surplus was better than expected in February 2016. Today, Indonesia's Statistics agency (BPS) announced that the nation's trade surplus was recorded at USD $1.14 billion in the second month of the year, considerably higher compared to the revised USD $10 million surplus Indonesia recorded in the preceding month. Suryamin, Chairman of BPS, said this surplus was the biggest February surplus in the last five years. Another positive sign is that - although continuing to decline in February - the contraction of Indonesia's exports in February occurred at the slowest rate since October 2014.

    Lanjut baca ›

  • World Bank Cuts Forecast for Indonesia's 2016 GDP Growth to 5.1%

    In its March 2016 Indonesia Economic Quarterly, titled "Private Investment is Essential", the World Bank cut its forecast for Indonesia's economic growth in 2016 to 5.1 percent year-on-year (y/y) from an earlier estimate of 5.3 percent (y/y). This downward revision was made due to weaker-than-expected global economic conditions, further weakening commodity prices, and limitations to Indonesian government spending brought about by a looming shortfall in tax revenue.

    Lanjut baca ›

  • Steel Imports from China into Indonesia Surged in 2015

    Indonesia's steel and iron producers urge the government to limit imports of steel into Indonesia as these imports are a burden on the domestic steel industry. Data from the Indonesian Iron and Steel Industry Association (IISIA) show that steel imports from China - the world's largest steel producer - into Indonesia jumped 94 percent year-on-year (y/y) to 3 million tons in 2015. This surge is particularly caused by foreign contractors working on infrastructure projects in Indonesia.

    Lanjut baca ›

  • Indonesia's Motorcycle Exports Rise 87% y/y in February 2016

    Indonesian motorcycle exports have grown by a whopping 87 percent year-on-year (y/y) to 27,066 units in February 2016 from 14,433 units in the same month one year earlier. Sigit Kumala, Chairman of the commercial department of the Indonesian Motorcycle Industry Association (AISI), said this solid performance occurred on the back of the market expansion strategy applied by Indonesian motorcycle manufacturers. He added that Indonesia's export performance (in terms of motorcycle sales) has been improving since the second half of 2016.

    Lanjut baca ›