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NEW UPDATES Asean Affairs  17 June 2015  

Indonesia’s trade surplus seen increasing in May

INDONESIA’S trade surplus grew to US$950 million in May, official data showed Monday, as imports slid sharply in Southeast Asia’s largest economy.

It was the sixth straight month that Indonesia has recorded a trade surplus and the figure was about double that forecast by economists.

It compared to a US$450 million excess in April.

The widening surplus was driven by a sharp fall in imports to US$11.61 billion, down 21.4 per cent from a year earlier.

This is seen as a sign of slowing consumer demand as the G20 economy cools.

Exports fell less steeply, but were still down 15.2 per cent year-on-year at US$12.56 billion, according to the data from the official statistics agency.

Despite the downbeat figures, policymakers were expected to welcome the growing surplus as they battle to narrow a stubborn current-account deficit.

Indonesia’s economy has been slowing in recent times as the price of its key commodity exports slips and demand falls in China, the world’s number two economy.

Growth slipped to 4.7 per cent year-on-year in the first quarter, its slowest pace in around six years, and well below the government’s target of 5.7 per cent for this year.

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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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