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Saudi Arabia Raises Import Duty of 575 Indonesian Products

JAKARTA (TheInsiderStories) - General authority of Saudi Arabia raised import duty on 575 of Indonesian products, said trade ministry on Monday (06/22). The trade partner...

Japanese Exports Fell to Lowest Level Since 2009’s Global Crisis

JAKARTA (TheInsiderStories) - Japanese exports fell at the fastest rate since the 2009 global financial crisis to JPY4.18 trillion (US$39.03 billion) in May, the custom office...

Indonesia’s Trade Balance Surplus US$2.09B Due to Low Imports

JAKARTA (TheInsiderStories) - Indonesia posted a trade surplus US$2.09 billion in May due to lower imports, the statistic bureau reported today (06/15). Year to date,...

India to Run Anti-dumping Investigations for Some Countries

JAKARTA (TheInsiderStories) - India will run anti-dumping investigation on imports of polyester yarn from Indonesia, China, Nepal and Vietnam, said Directorate General of Trade Remedies (DGTR) on...

Indonesia Posts Trade Deficit US$350M in April

JAKARTA (TheInsiderStories) - Indonesia' trade deficit recorded of US$350 million in April 2020, said the statistic bureau last week. In March, the country still...

Indonesia Records Trade Surplus US$740M in March

JAKARTA (TheInsiderStories) – Indonesia reported the trade surplus in March worth of US$740 million, lowered than February surplus $2.34 billion, it said today (04/15). The decreased...

China’s Foreign Trade Slumps 6.4% in 1Q of 2020

JAKARTA (TheInsiderStories) - China' foreign trade contracted less than expected in the first quarter (1Q) of 2020 affected by COVID-19, said the general administration of custom (GAC)...

Fitch Rating Reaffirms Indonesia’s Eximbank BBB Rating

JAKARTA (TheInsiderStories) - Fitch Rating reaffirms the long-term default risk rating on the Rupiah bond from the Indonesian Export Financing Agency (Eximbank) by BBB with a...

Soon, Indonesia and South Korea to Signs FTA Deal

JAKARTA (TheInsiderStories) - Indonesia and South Korea agreed to signs the much-awaited comprehensive economic partnership agreement (IK-CEPA) soon to minimize the economic fallout from the new COVID-19...

G20 Committed to Maintains the Flow of Goods During the Pandemic

JAKARTA (TheInsiderStories) - The minister of trade of the Group of 20 (G20) produced an agreement on the importance of the members give a strong confidence...

Indonesia Relaxes Medical Devices Import Procedures

JAKARTA (TheInsiderStories) - Indonesian government relaxed the importation of medical devices and personal protection to helps the COVID-19 handling in the archipelago, said trade minister on...

Indonesia Records Trade Surplus US$2.34B in February

JAKARTA (TheInsiderStories) – Statistics Indonesia reported the trade surplus in February worth of US$2.34 billion, said the agency today (03/16). During January, the trade deficit stood at $870...

Indonesia Ready to Spread More Stimulus

JAKARTA (TheInsiderStories) - Indonesian government is finalizing the second stimulus policy to reduce the impact of the coronavirus outbreak on the domestic economy, said the senior...

Moody’s Affirms Indonesia Eximbank’s Baa2 Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed Indonesia Eximbank long-term local and foreign currency issuer ratings of Baa2. The agency also affirmed lender' Baa2 long-term senior unsecured and...

Indonesia Finalizes More Stimulus to Protect the Economy from COVID-19

JAKARTA (TheInsiderStories) - Indonesian government finalizes a second stimulus package to combat the spread of COVID-19 to the economy, said senior minister today (03/04). The measure follows the unveiling...

Indonesia Submits Anti-dumping Petition by China

JAKARTA (TheInsiderStories) - The Indonesian Iron and Steel Industry Association has submitted an anti-dumping petition against hot-rolled coil and plate alloy imports from China to the...

Indonesia’s Trade Minister Visit India, Looking More Trade

JAKARTA (TheInsiderStories) - To reaches the trade values target worth of US$50 billion by 2025 with India, Indonesia' trade minister plans to visit New...

Indonesia’s Trade Deficit US$870M in January

JAKARTA (TheInsiderStories) - Statistics Indonesia reported the trade deficit in January worth of US$870 million, said the head Suhariyanto today (02/17). During 2019, the trade deficit declined...

Morning Briefing: Indonesia Oversees the Inflation Target

JAKARTA (TheInsiderStories) - Good Morning! To keep inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia (BI) agreed to maintaining volatile...

Indonesia Officially Ban Live Animals Import from China

JAKARTA (TheInsiderStories) - To anticipate coronavirus outbreak, ministry of trade has officially temporarily stops live animals import from or have transited in China to Indonesia,...

Indonesia to Relaxes Scrap Metal Import Rules

JAKARTA (TheInsiderStories) - The Indonesian government considered to relax the scrap metal import rules to support the downstream industry, said the industry minister Agus...

Indonesia Responds China’s Complaints on Temporary Travel, Import Ban

JAKARTA (TheInsiderStories - President of Indonesia, Joko Widodo, said that the country' policies in suspending flights from China and temporarily curb imports has been taken to protect national interests,...

Pressing the Trade Deficit, Indonesia Focus on 15 Industries

JAKARTA (TheInsiderStories) - To tackle the trade deficit, Indonesian government is prioritizing the development of export-oriented industrial sectors, said the minister last week. Based on Statistic...

Morning Briefing: Phase One Trade Deal Signs Today

JAKARTA (TheInsiderStories) - Good Morning! United States (US) President Donald Trump is slated to sign the phase one trade deal with Chinese Vice Premier Liu He...

US Trade Deficit Drops 7.6% in October Amid the Ongoing Trade...

JAKARTA (TheInsiderStories) - United State (US) trade deficit edged down to a 16-month low, fell 7.6 percent to US$47.2 billion, largely because of lower imports...

Japan’s Trade Balance Turns to Surplus in October

JAKARTA (TheInsiderStories) - Japan’ trade balance turned to surplus of JPY17 billion (US$156.64 million) in October on a non-seasonally adjusted basis as imports declined faster (down...

Indonesia Posts Trade Surplus US$161M in October

JAKARTA (TheInsiderStories) - Indonesia posted a trade surplus of US$161.3 million in October 2019, widened from $160 million of the previous month with exports...

Indonesia, Vietnam Eyes Trade Values US$10B in 2020

JAKARTA (TheInsiderStories) - Indonesia and Vietnam wants to lifted the bilateral trade revenues to US$10 billion in 2020 from, local media reported on Thursday (11/14). Based...

A US$52M Lubricant Plant Operates in West Java

JAKARTA (TheInsiderStories) - Japan' related company, PT Idemitsu factory Lube Techno Indonesia (ILTI) operates second lubricant plant in Cikarang, West Java, on Thursday (07/11). The projects has...

Breaking News: Ross Optimistic Trump – Xi Signs “Phase One Deal”...

JAKARTA (TheInsiderStories) - United States (US) secretary of commerce, Wilbur Ross optimistic would reach a “phase one” trade deal with China soon. As reported,...