Home TIS Intelligence Morning Briefing: Indonesia Releases Trade Balance Today

Morning Briefing: Indonesia Releases Trade Balance Today

JAKARTA (TheInsiderStories) – Good morning! Statistic Indonesia will announce trade balance today. In first quarter, the country’  trade balance deficit US$190 million. Oil and gas continuously contributed the deficit by $1.34 billion while non-oil and gas has $1.15 billion surplus.

Ahead of trade balance announcement, Coordinating Minister for Economic Affairs Darmin Nasution projected that Indonesia’ trade deficit may continue in April. But according to him, the condition would get better, due to the improvement of oil and gas import, following government’ decision stop diesel and aviation turbine fuel import.

Moreover, Indonesian government added Rp2.41 trillion (US$168.53 million) investment on several international financial institutions, funded by the State budget. The financing injection was distributed to International Development Association for Rp217.3 billion, Islamic Development Bank for $5.81 million, International Fund for Agricultural Development for $3 million, Islamic Corporation for Development of The Private Sector for $2.96 million, and Asian Infrastructure Investment Bank for $134.42 million.

Yesterday, Indonesia established sharia economy master plan for 2019-2024, by recommending four steps and strategies. Indonesia National Development Planning Agency stated that Indonesia will strengthen halal value chain with potentially and high-competitive sector, sharia financial sector, micro and small medium enterprises as the main mover of halal value chain, also digital economy and finance.

Politic tension getting hotter after Prabowo Subianto – Sandiaga Salahuddin Uno announced to reject the General Election Commission recapitalization. Subianto asserted he was the legitimate elected president based on his Winning Team data and ready to fight the result.

Talking about trade, China and United States (US) are going to continue their talks over the trade dispute. More optimistic comment came from both sides, after China retaliates tariff impose to America.

US President Donald Trump said he thought recent discussions in Beijing would be successful. Meanwhile, Chinese government said that China and the US have agreed to keep talking about their trade issue.

Yesterday, Rupiah strengthened to 14,430 against the Greenback from previous day 14,501. This morning the local currency open in at 14,440 over the US Dollar.

US$1: Rp14,300

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia

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