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NEWS UPDATES Asean Affairs   February 19, 2018  













Indonesia records $670m trade deficit in January: BPS


Indonesia booked a US$670 million trade deficit in January, an unusual situation in the past three years, where January has usually seen trade surpluses, the Central Statistics Agency (BPS) announced on Thursday.

BPS head Suhariyanto said the deficit was due to a significant import surge by 26.44 percent year on year (yoy) to $15.13 billion and moderate export growth of 7.86 percent yoy to $14.46 billion.

“The import surge mostly occurred for vehicles [helicopters] and their components,” he said.

All import types surged sharply -- consumer goods, dominated by garlic, fresh apples, grapes and frozen meat, up by 32.98 percent; materials, mostly airplane and helicopter components, printed circuit boards and other electronic integrated circuits, up by 24.76 percent; capital goods, helicopters, floating machinery and other machinery, up by 30.9 percent.

Exports of oil and gas, meanwhile, were only up by 1.11 percent; agricultural products were down by 8.27 percent and processed goods up by 6.85 percent.

“Most of our exports still go to China, the United States and Japan, meaning we’re still highly dependent on these three markets so we need to diversify,” said Suhariyanto.


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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

 


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