The Magazine for Asian Investors
Indonesia’s trade surplus rose to $5.76 billion in August, the National Statistics Office said today, from $4.23 billion in July, driven by strong exports. Indonesian exports increased by 9.2% in August from the previous month to $27.9 billion. This was…
Indonesia’s exports are expected to slow in August as prices for some key commodities have fallen. Indonesia’s trade surplus is expected to be around $4 billion. Analysts estimate that exports from Southeast Asia’s largest economy rose 19.19% in August from…
The Indonesian president is considering following India’s and China’s lead and buying oil from Russia to alleviate increasing pressure from rising energy costs. In early September, the president decided to raise the price of government-subsidized fuel by 30%, saying that…
The vice chairman of the Indonesian parliament’s energy committee said Indonesia could raise fuel prices by 30-40% to ease budgetary pressures after using the state budget to subsidize fuel costs. It was briefed on fuel price increases during a closed-door…
The Indonesian government and energy companies are examining the benefits and potential impacts after Indonesia received an offer from Russia to buy crude oil at 30% below the market price. Indonesian Minister Sandiaga Uno said, “Russia has made an offer…
Indonesia’s central bank decided to raise interest rates at the meeting. It was the first rate hike since 2018 and contrary to what most analysts had expected the central bank to maintain. The Indonesian central bank raised the interest rate…
Indonesia’s government chief said the country may impose tariffs on nickel exports this year as it considers processing more nickel domestically. Indonesia is the world’s largest producer of nickel, a key metal used to make batteries for electric vehicles. The…
According to the Indonesian Bureau of Statistics, Indonesia’s trade surplus fell to $4.2 billion in July from $5.09 billion in June. This is attributed to the decline in commodity exports. The figures are in contrast to analysts’ expectations, who had…
Indonesia’s trade surplus may narrow to $3.93 billion last month as weak exports hit the country due to slowing global trade activity. Southeast Asia’s largest economy posted a trade surplus of $5.09 billion in June. Palm oil exports recovered after…
According to Indonesia’s statistics office, gross domestic product (GDP) grew by 5.44% in the second quarter of 2022, faster than in the first quarter (5.01%). The Indonesian economy was driven by strong exports and the government’s return to open borders.…
