Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Economy>>Current account deficit to reach 2.3 percent in 2018: BI

NEWS UPDATES Asean Affairs   May 23, 2018  







Current account deficit to reach 2.3 percent in 2018: BI

Bank Indonesia (BI) has projected that the country’s current account deficit will reach 2.3 percent in 2018, higher compared to consensus estimates of 2.0 percent, as imports continue to rise against exports.

"In the first quarter we booked a current account deficit of 2.1 percent; in one year it can be 2.3 percent or around US$23 billion," said outgoing BI Governor Agus Martowardojo after a meeting at the House of Representatives in Jakarta on Tuesday.

The current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the goods and services it exports.

Indonesia booked a $1.63 billion trade deficit in April, overturning a surplus recorded a month earlier, due to surging imports, particularly on capital goods, Central Statistics Agency (BPS) data shows.

Agus said current account deficit remained under control as long as it was still below the 3 percent threshold.

Indonesia is among five ASEAN countries that have twin deficit in both fiscal and current account balances, aside from Cambodia, Laos, Myanmar and the Philippines, data from Spain-based economic think tank FocusEconomics shows.

Agus warned that, as long as the twin deficit problem still present, Indonesia would suffer from capital outflow if the global economy continued rebalancing.

"So, let’s make Indonesia an exporting country again. [We should] increase manufactured products and not rely much on commodities," he said.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                      May 23, 2018 
• Current account deficit to reach 2.3 percent in 2018: BI
• Viet Nam’s fintech industry to reach nearly US$8bn Subcribe: Asean Affairs Global Magazine
• Hyflux applies for court supervision to reorganise liabilities, businesses Subsribe Now !
• Only 2% cooperatives have access to loans
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Hong Kong paper manufacturing company to invest in Bago
Asean Stock Watch   May 22,  2018

• Asean Stock Watch-May 22, 2018
Asean Analysis                April 9 2018
• Asean Analysis April 9, 2018
Chinese Influence Activities with U.S. Allies and Partners in Southeast Asia
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com