Home Tags Current Account Deficit

Tag: Current Account Deficit

Indonesia Prepares US$71.42M to Quell Current Account Deficit

JAKARTA (TheInsiderStories) - The government had allocated a state capital injection worth Rp1 trillion (US$71.42 million) in the state budget in a bid to...

Widodo Sees Indonesia’s Economy to Grow 5.04% This Year

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo predicted economic growth will be in 5.04-5.05 percent at the end of 2019. It is lower than...

Pertamina to Import 4.75Mbbl Crude Oil from America in 2020

JAKARTA (TheInsiderStories) - State-owned energy holding firm, PT Pertamina plans to import crude oil from the United States (US) as much as 4.75 million...

Indonesia Intends to Quell Oil and Gas Deficit in 2020

JAKARTA (TheInsiderStories) - Indonesia’s oil and gas regulator has mapped out strategies and priority steps to be taken to reduce the oil and gas...

Indonesia Strives for 5.6% Economic Growth in 2020

JAKARTA (TheInsiderStories) - The government strives to bring Indonesia's economy to grow to 5.6 percent in 2020, from the 5.3 percent targeted this year....

Indonesia’s CAD Narrows to US$7.7B in 3Q

JAKARTA (TheInsiderStories) - Indonesia's current account deficit (CAD) decreased to US$7.7 billion in the third quarter (3Q) of 2019 from $8.2 billion gaps a...

Morning Briefing: Investors Await CAD Data in 3Q 2019

JAKARTA (TheInsiderStories) - Good Morning! After posted current account deficit (CAD) widened to US$8.4 billion or 3 percent of the gross domestic products (GDP) in...

Indonesia Targets 15 Economic Priority Program Completed in Six Months

JAKARTA (TheInsiderStories) - Indonesian economic ministers are targeting 15 priority programs to be completed in the next six months to encourage growth, inclusiveness, sustainability,...

Indonesian President Asks the Economic Ministers Create Breakthrough Programs

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo urged his economic ministers to create breakthrough programs in order to reduce the trade balance and current account deficit (CAD)....

Indonesia’s Retail Sales Grew by 2.4% in July

JAKARTA (TheInsiderStories) - Indonesian retail sales grew by 2.4 percent in July, increase from the previous month which recorded of -1.8 percent (YoY). This proven...

Indonesia Set Biodiesel Price US$0.49 In September

JAKARTA (TheInsiderStories) - Entering September, Indonesian government set a monthly biodiesel price of Rp6,929 (US$0.49) a liter from a month ago Rp6,795 per liter, said the ministry...

Indonesia to Ban Nickel Ore Export Starting 2020

JAKARTA (TheInsiderStories) - Nickel price soared to its highest in five years after major producer Indonesia said it would ban the export of ore starting Jan.1,...

Warjiyo Optimistic CAD Ended 2.8% by the End of 2019

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo still optimistic current account deficit (CAD) will ended at 2.8 percent by the end of this...

CAD Expands to US$8.4B, Warning for Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the country' current account deficit (CAD) widened to US $8.4 billion or 3 percent of the gross...

IMF Assesses Indonesian Economy Running Well

JAKARTA (TheInsiderStories) - The Executive Board of the International Monetary Fund (IMF) rated Indonesian economy performed well in 2018, despite external headwinds, including capital...

Pursue Investment and CAD, Indonesian President Approaches Foreign Investors

JAKARTA (TheInsiderStories) - President Joko Widodo seduce foreign investors as Indonesia grapples with the low level of foreign direct investment and the spread of current account...

Widodo Criticizes Ministers for Indonesia’s Widening Current Account Deficit

JAKARTA (TheInsiderStories) - Indonesia' president Joko Widodo has criticized his ministers due to the country's widening current account deficit (CAD). In the first quarter...

Indonesia Formulate Policies to Improve Oil and Gas Trade Balance

JAKARTA (TheInsiderStories) - The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a...

Indonesia’s Balance of Payment Surplus of US$2.4B in 1Q 2019

JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported...

Indonesia’s Current Account Deficit Narrows to US$7B in 1Q 2019

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported current account deficit (CAD) in the first quarter (1Q) of 2019 was recorded at US$7 billion or 2.6...

Indonesia’s Pertamina Reduces Crude Oil Imports US$1.4B

JAKARTA (TheInsiderStories) – Indonesian state-owned energy producer, PT Pertamina was reduced the crude oil and condensate imports by around 50 percent in the first-four months of...

Bank Indonesia Holds the Benchmark Rate at 6%

JAKARTA (TheInsiderStories) – Bank Indonesia through the Board of Governors' Meeting decided to maintain a 7-day Reverse Repo Rate (BI7DRR) at 6 percent by...

Indonesia’s Forex Reserves US$124B in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, Indonesia' foreign exchange (forex) reserves stood at US$124.5 billion in March, slightly up 0.97 percent compared to...

BI: After Election, More Foreign Funds Flow to Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) believes that the flow of foreign funds to Indonesia' financial markets will be more profound after the presidential...

ICAEW: Indonesia’s GDP to Decline to 5.0% in 2019

JAKARTA (TheInsiderStories) – Indonesia's GDP is expected to decline to 5.0 percent in 2019, from 5.2 percent in 2018, due to a slowdown in...

Indonesia’s Forex Reserves US$123B in February

JAKARTA (TheInsiderStories) –  The Indonesian foreign exchange (forex) reserves reached of US$123.3 billion at the end of February 2019, slightly up from January at...

Indonesia’ BoP will Surplus in Q1 2019, says BI

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo optimistic balance of payment (BoP) will record a surplus in the first quarter (1Q)...

Indonesian Market Gets Foreign Inflows US$3B in February

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) noted that the inflows of foreign capital to the Indonesian market until Feb. 21, 2019 reached Rp 45.9...

China’s Current Account Surplus in 4Q 2018 by Strong Exports

JAKARTA (TheInsiderStories) – China posted a current account surplus of US$54.6 billion in the fourth quarter (Q4) of 2018, a 134.3 percent increase from...

Indonesia to Review Import Tax Amid the Protests

JAKARTA (TheInsiderStories) - Indonesian government will review import tax after get protest from the importers. The import tax on more than a thousand products is considered giving...