Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Economy>>Investment saving balance of payments
NEWS UPDATES Asean Affairs     May 23, 2017  







Investment saving balance of payments

Investment has become the savior pushing Indonesia's balance of payments (BoP) into positive territory amid increasing imports and secondary income from abroad.

In the first quarter, Indonesia recorded a US$4.5 billion surplus in the BoP, according to data from Bank Indonesia (BI).

The $7.9 billion surplus in the financial account that came from transactions such as direct investments and portfolio investments has covered the $2.4 billion deficit in the current account, said the head of BI's statistics department, BoP analysis and reporting, Tutuk Setya Hadi Cahyono, in Jakarta over the weekend.

"Our current account is still in a deficit position as oil prices increased amid the decrease of domestic oil lifting. We are an oil and gas net importer," Tutuk said.

Moreover, he added, the lower remittance from Indonesian migrant workers also contributed to the deficit in the current account.

As could be seen in the secondary income transactions that mainly came from Indonesian workers’ remittances, the surplus was down to $800 million from $900 million in the fourth quarter last year. It was likely caused by the enforcement of a moratorium on sending workers abroad.

Direct investments are still in surplus with $2.5 billion, a bit down from the $3.3 billion in the fourth quarter of 2016. However, portfolio investments have a surplus of $6.5 billion, compared to the $300 million deficit in the previous quarter.

"The deficit in portfolio investment transactions was caused by the increase of the US Federal Reserve's Fund Rate, but it already bounced back to the positive in the first quarter," 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, 2017 Subsribe Now !
• Southeast Asia’s internet economy tops US$50 billion Subcribe: Asean Affairs Global Magazine
• Commune elections 2017: Parties already file complaints
• Quang Ngai wants $4.25b of investment
Research Reports
on Thailand 2007-2008

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

• Investment saving balance of payments
• Axiata sells 10% stake in Cambodia’s Smart
Asean Analysis                  May 19,  2017
• Asean Analysis May 19, 2017
Economic Recommendations for the New Administration
Advertise Your Brand

Asean Stock Watch  May 22, 2017

• Asean Stock Watch-May 22, 2017
The Biweekly Update
• The Biweekly Update  May 12, 2017

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