Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
Bank Indonesia (BI) has announced that Indonesia’s trade balance for last May will produce a surplus following a significant deficit of USD 1.96 billion in April.
The surplus is primarily a result of mineral renegotiations as part of efforts to increase the added-value of minerals extracted in Indonesia.
“At the moment there are discussions relevant to mineral renegotiations,” stated Agus D. W. Martowardojo, Governor of BI, in Jakarta last Friday.
Despite the surplus, Mr. Martowardojo continued, Indonesian exports continue to be under pressure. This is evident in the low volume of exports in the second quarter of 2014.
For example, the demand for coal continued to fall short of projections during the course of last month. Exports of palm oil also remained low in the same period due to seasonal factors.
“Efforts to increase exports must be continued through diversification,” asserted Mr. Martowardojo.
Tirta Segara, Executive Director of the Communications Department at BI, stated that the trade balance deficit in April is a regular occurrence every year.
“In line with the performance of external sectors, the trade balance is suffering from deficits in accordance with seasonal patterns,” explained Tirta.
On a positive note, he continued, non-oil imports recorded an increase last month, driven by an increase in imports of primary goods, such as mechanical and electrical equipment.
Meanwhile, exports of non-oil natural resources, such as coal and vegetable oil, recorded negative growth tendencies due to a decline in overseas demand.
Mr. Segara further elaborated that it is expected Indonesia’s financial account and capital inflows will continue to improve. As of May 2014, foreign capital inflows into Indonesia reached USD 11.04 billion, increasing the Government’s foreign exchange reserves to USD 107 billion from USD 105.6 billion in April 2014.
“Foreign exchange reserves of USD 107 billion, is equivalent to six months of imports and redemption of the Government’s foreign loans, and is above international standard adequacies of three months of imports,” concluded Tirta.
(hot/kc)
Fathan Qorib, Andin Aditya Rahman
Bank Indonesia (BI) has announced that Indonesia’s trade balance for last May will produce a surplus following a significant deficit of USD 1.96 billion in April.
The surplus is primarily a result of mineral renegotiations as part of efforts to increase the added-value of minerals extracted in Indonesia.
“At the moment there are discussions relevant to mineral renegotiations,” stated Agus D. W. Martowardojo, Governor of BI, in Jakarta last Friday.
Despite the surplus, Mr. Martowardojo continued, Indonesian exports continue to be under pressure. This is evident in the low volume of exports in the second quarter of 2014.
For example, the demand for coal continued to fall short of projections during the course of last month. Exports of palm oil also remained low in the same period due to seasonal factors.
“Efforts to increase exports must be continued through diversification,” asserted Mr. Martowardojo.
Tirta Segara, Executive Director of the Communications Department at BI, stated that the trade balance deficit in April is a regular occurrence every year.
“In line with the performance of external sectors, the trade balance is suffering from deficits in accordance with seasonal patterns,” explained Tirta.
On a positive note, he continued, non-oil imports recorded an increase last month, driven by an increase in imports of primary goods, such as mechanical and electrical equipment.
Meanwhile, exports of non-oil natural resources, such as coal and vegetable oil, recorded negative growth tendencies due to a decline in overseas demand.
Mr. Segara further elaborated that it is expected Indonesia’s financial account and capital inflows will continue to improve. As of May 2014, foreign capital inflows into Indonesia reached USD 11.04 billion, increasing the Government’s foreign exchange reserves to USD 107 billion from USD 105.6 billion in April 2014.
“Foreign exchange reserves of USD 107 billion, is equivalent to six months of imports and redemption of the Government’s foreign loans, and is above international standard adequacies of three months of imports,” concluded Tirta.
(hot/kc)