Indonesia's latest trade data beat forecasts by quite a distance. According to Statistics Indonesia (BPS), Indonesia's trade balance recorded a monthly surplus of USD $900.2 million in June 2016. Previously, median forecasts expected a USD $300 million surplus. Meanwhile, the nation's trade surplus more than doubled in June from the monthly surplus in the preceding month, supported by strong exports of electronics, auto parts, finished garments, and rubber products. Despite this positive result, there remain some concerns.

Lanjut baca ›

Today (15/06) Statistics Indonesia (BPS) announced that Indonesia's May trade balance showed a surplus of USD $375.6 million, below analyst estimates (at USD $680 million) and below the (revised) USD $660 million trade surplus recorded in the preceding month. Although having a trade surplus is good, there remain concerns about Indonesia's falling exports and imports as these declines are signs of weakening domestic and global economic activity.

Lanjut baca ›

The central government of Indonesia has officially declared the Patimban Seaport project in Subang (West Java) a national strategic project through Presidential Decree No. 47/2016, signed by Indonesian President Joko Widodo. This declaration implies that the project is regarded a priority project that benefits the economy and society as a whole. The priority status further means that all ministers, government agencies and governors need to support the development of the project.

Lanjut baca ›

Cement exports from Indonesia have surged sharply in the first five months of 2016. Rising cement export is a good strategy to tackle the domestic oversupply of cement in Indonesia. Due to the influx of new cement producers as well as the expansion programs of existing cement producers in Southeast Asia's largest economy, the nation's cement production capacity has nearly reached 100 million tons per year, while domestic demand may only reach 65 million tons in 2016.

Lanjut baca ›

State-owned Pelindo II, the company that is involved in port services across ten Indonesian provinces, plans to conduct another test related to the New Priok Port on 2 July 2016. Full commercial operations are scheduled to start on 15 July 2016. The New Priok Port is one of the large government infrastructure projects involving the construction of a new port (an extension of the Tanjung Priok) in North Jakarta in order to tackle Indonesia's severe logistics trouble, while bringing Indonesia's port facilities on par with other world-class ports such as Singapore.

Lanjut baca ›

Based on the latest data from Statistics Indonesia (BPS), Indonesia booked a USD $670 million trade surplus in April 2016, primarily caused by a bigger-than-expected decline in imports. Most analysts expected to see a monthly trade surplus around USD $200 million last month. In the first four months of 2016, Indonesia's trade balance has now accumulated into a USD $2.3 billion trade surplus. Although the surplus is positive, there remain deep concerns about the persistently falling import and export figures.

Lanjut baca ›

Indonesian cosmetic companies listed on the Indonesia Stock Exchange have not yet seen earnings gain momentum in the first quarter of 2016. Martina Berto is the only listed cosmetic producer that managed to post rising net sales and net profit in Q1-2016. Meanwhile, the two other cosmetic firms - Mustika Ratu and Mandom Indonesia - saw their net sales decline in the same period due to weak purchasing power and household consumption in Southeast Asia's largest economy. Moreover, cosmetic firms have been offering discounts in order to raise sales volumes.

Lanjut baca ›

Efforts to raise people's purchasing power and household consumption in Indonesia will be key to push for higher economic growth in 2016. According to the latest data from Statistics Indonesia (BPS), Indonesia's gross domestic product (GDP) growth reached 4.92 percent (y/y) in the first quarter of 2016. Although this result failed to meet analysts' projections (which generally stood around 5 percent y/y), it was higher than the 4.73 percent (y/y) economic growth pace that was posted in the same quarter one year earlier.

Lanjut baca ›

Indonesia's Statistics Agency (BPS) announced today that the nation's trade balance posted a USD $490 million trade surplus in March 2016. In line with analysts' forecasts, Indonesia's March trade surplus shrank considerably from a USD $1.1 billion surplus one month earlier. Indonesia's March exports reached a total of USD $11.79 billion, while imports were recorded at USD $11.30 billion. Although the nation's exports and imports rose compared to the preceding month, there remains ongoing concern about the slumping export/import figures on a year-on-year basis.

Lanjut baca ›

After having experienced 17 straight months of contraction in the manufacturing sector, the Nikkei Indonesia Manufacturing Purchasing Managers' Index (PMI) survey rose to a reading of 50.6 in March 2016 from 48.7 in the preceding month (a reading above 50 indicates expansion of manufacturing activity) according to a statement released on Friday (01/04). This is very positive news although Indonesia's export performance remains in a state of decline. Manufacturing expansion was primarily caused by a rise in domestic demand.

Lanjut baca ›

Indonesia posted a higher-than-expected USD $454.4 million trade surplus in April 2015. Previously, analysts predicted to see an April trade surplus of around USD $120 million. However, the USD $454.4 million trade surplus was smaller than the (revised) USD $1 billion trade surplus recorded in March. Moreover, the April surplus (the country’s fifth consecutive trade surplus) is primarily caused by a large drop in imports, signalling that Indonesia’s economic performance remains sluggish at the start of Q2-2015.

Lanjut baca ›

Selama setahun terakhir, rupiah telah menguat terhadap berbagai jenis mata uang asing. Namun penguatan ini tidak berlaku terhadap dollar Amerika Serikat (AS). Pada periode waktu yang sama, rupiah menguat terhadap mata uang asing lainnya dan sebaliknya rupiah melemah terhadap dollar AS. Untuk banyak investor yang berfokus pada pasar mata uang, mungkin tampaknya seakan dua mata uang ini hanya sedikit berhubungan. Namun, kalau kita melihat trend yang berkembang selama setahun terakhir, menjadi jelas bahwa keadaannya tidak seperti itu.

Lanjut baca ›

Within a couple of days Statistics Indonesia (BPS) is scheduled to release Indonesia’s GDP growth figure for the first quarter of 2015. Despite economic growth forecasts for full-year 2015 - both of the Indonesian government and international institutions such as the World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB) - signalling a rebound from the five-year low of 5.02 percent (y/y) in 2014, various analysts expect to see further slowing economic growth in Q1-2015.

Lanjut baca ›

Indonesia’s central bank (Bank Indonesia) decided to maintain its benchmark interest rate (BI rate) at 7.50 percent, the deposit facility rate at 5.50 percent and lending facility rate at 8.00 percent. This interest rate environment is considered to be in line with the central bank’s ongoing efforts to push the country’s inflation figure within its target of 4±1 percent for 2015 and 2016, as well as to control the country’s current account deficit towards a healthier level at 2.5-3 percent of gross domestic product (GDP) in the medium term.

Lanjut baca ›

Ekspor produk-produk makanan dari Indonesia ke Belanda telah meningkat menurut Wim Jansen, Manajer Komersial di NIVO Import & Export BV, importir dan eksportir produk-produk makanan Asia yang berbasis di Belanda. Sekitar 45% dari nilai impor perusahaan ini ke Belanda terdiri dari produk-produk makanan dari Indonesia, mencapai nilai 3,5 juta euro per tahun. Beberapa produk makanan Indonesia yang diimpor ke dalam Belanda adalah sambal cabe, saus kedelai, krupuk, berbagai jenis bumbu dan mie.

Lanjut baca ›

The Indonesian rupiah exchange rate continued to depreciate on Monday (02/03). According to the Bloomberg Dollar Index, Indonesia’s currency depreciated 0.30 percent to IDR 12,970 per US dollar, a six-year low. Apart from general bullish US dollar momentum in recent months (amid monetary tightening in the USA), the rupiah weakened due to Bank Indonesia’s signals that it tolerates a weaker currency in a move to boost exports (limiting the country’s current account deficit), and due to China’s interest rates cut.

Lanjut baca ›

The Customs Identification Number (NIK) in Indonesia is a personal identity number given by the Directorate General of Customs and Excise to users of customs services, such as importers and exporters. This customs number gives customs users the possibility to access or connect with the customs system. The registration of a Customs Identification Number is required in order to perform customs activities. Without such number trading companies are (in most cases) not able to perform import or export activities.

Lanjut baca ›

Walaupun pertumbuhan ekonomi Indonesia bergerak lebih lambat pada tahun 2014, terlihat optimisme bahwa pertumbuhan tersebut akan rebound pada tahun 2015 meskipun kondisi ekonomi global belum kondusif (dan membatasi kinerja ekspor Indonesia) serta lingkungan suku bunga Indonesia yang masih tinggi. Bank Indonesia menaikkan BI rate beberapa kali selama satu setengah tahun terakhir dalam upaya untuk mencegah inflasi tinggi (yang disebabkan oleh kenaikan harga BBM subsidi), menghambat aliran keluar modal menjelang pengetatan moneter AS, membatasi defisit transaksi berjalan dan mendukung nilai rupiah.

Lanjut baca ›

The trade balance of Indonesia improved in 2014. Over the whole year of 2014 Indonesia posted a USD $1.88 billion trade deficit, significantly better than the USD $4.08 billion deficit it recorded a year earlier. Today (02/02), Statistics Indonesia announced that Indonesia posted a USD $0.19 billion trade surplus in the last month of the year after having recorded a USD $0.42 billion trade deficit in the preceding month. The improved performance is mainly due to the country’s growing non-oil & gas surplus and narrowing oil & gas deficit.

Lanjut baca ›

An Import Identification Number (API) is required in case a company wishes to import goods into Indonesian territory. Without such number a company is not allowed to perform any import activities. Minister of Trade Regulation number 27/M-DAG/PER/5/2012 regarding Provisions on Importer Identification Number (API) as amended by Minister of Trade Regulation number 59/M-DAG/PER/9/2012 (Trade Regulation) regulates the types of API based on the intended use for the product imported.

Lanjut baca ›