Indonesia recorded a US$864 million trade deficit in January on the back of plummeting oil and gas exports, Statistics Indonesia (BPS) announced on Monday.
The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while totalRead more..
From automotives and textiles to education and energy services, Indonesia seeks to expand market access and attract investment from Australia through the new Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).
Trade Minister Agus Suparmanto said the deal would enhance market access forRead more..
The coronavirus outbreak could trim China’s full-year economic growth rate by as much as 1 percentage point in 2020, a senior member of a Chinese government think tank said in comments published on Tuesday.
Zeng Gang, vice chair of the National Institute for Finance and Development, compared the currentRead more..
Japan Credit Rating Agency (JCR) has raised Indonesia’s sovereign debt rating from BBB with a positive outlook to BBB+ with a stable outlook.
The rating mainly reflects the country’s solid domestic consumption-led economic growth, restrained budget deficit and public debt, as well as resilience toRead more..
Indonesia recorded annual inflation of 2.68 percent in January in applying a new formula for calculating its consumer price index (CPI), Statistics Indonesia (BPS) announced on Monday.
The new formula uses 2018 as the base year of the CPI instead of 2012, as well as a newRead more..