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NEWS UPDATES Asean Affairs   September 18, 2018  

Indonesia books US$1.02 billion trade deficit in August

Statistics Indonesia (BPS) announced on Monday that Indonesia recorded a trade deficit of US$1.02 billion in August, mostly as a result of oil and gas imports.

The August trade deficit is half of the $2.03 billion deficit in July, Indonesia's highest in five years.

Exports decreased by 2.9 percent month-to-month (mtm) to $15.82 billion, with the mining sector contributing the most to the deficit at 13.58 percent.

Imports declined by 7.97 percent to $16.84 billion mtm, with decreases in imports for apples, cloves and automotive parts.

From January to August, the trade deficit amounted to $4.09 billion, with monthly surpluses only occurring in March and June.

BPS head Suhariyanto said that, even though non-oil and gas commodities booked a $639.6 million surplus in August, the deficit in the oil and gas sector was much bigger ($1.66 billion).

To cut its dependency on imports, including oil and gas, the government launched a presidential regulation that requires that all vehicles use B20 biodiesel. The regulation came into effect on Sept. 1 and is expected to save the country $5.9 billion in oil and gas imports annually.

“To balance it out, we hope that exports will also recover with all policies the government is currently implementing,” Suhariyanto said.

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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






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