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NEWS UPDATES Asean Affairs     June 16, 2017  










Trade surplus up by 23.6 percent in May

Indonesia’s trade surplus in May was up by 23.6 percent to $470 million from $380 million in the same month last year, the Central Statistics Agency (BPS) announced on Thursday.

The surplus was pushed by a 7.62 percent rise in exports to $14.29 billion in May from $11.52 billion in April. Meanwhile, imports also increased, but only to $13.82 billion, or 16.49 percent from $12 billion in April.

“[Indonesia’s] export performance in May was very good, thanks to increases in both oil-and-gas and non-oil-and-gas commodities,” BPS social statistic director M Sairi Hasbullah told reporters, adding that imports were also up due to public preparation for Idul Fitri.

Oil and gas exports were up by 22.36 percent month-on-month (mom) to $1.27 billion, while non-oil-and-gas exports were up by 6.37 percent to $13.02 billion.

Non-oil-and-gas exports that increased significantly on a monthly basis were machineries, followed by iron and steel, and knit work. Exports that significantly decline, meanwhile, included sea vessels, jewelry and mineral ore.

Exports for the first five months of this year were up by 19.93 percent yoy to $68.26 billion, while imports grew by 15.71 percent to $62.37 billion.

The country’s top three import origins remained China, followed by Japan and Thailand.

“More than a quarter of our import came from China and more than 10 percent from Japan, that meant we depended a lot on these two countries for raw materials. If something happened to them, we would need to be careful,” Sairi said. --The Jakarta Post


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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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