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Indonesia trade balance swings to positive

JAKARTA: Indonesia’s trade balance unexpectedly swung back to surplus in September as imports and exports grew much slower than expected, data released by the statistics bureau showed yesterday. Indonesia, South-East Asia’s largest economy, reported a trade surplus of US$230mil for September, compared with a US$500mil deficit expected in a Reuters poll. The country revised its trade deficit in August to US$944mil. September imports were worth […]

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Philippines: Remittances decline in August 2018

8-month tally still up 2.4% to $21.2 billion MANILA, Philippines — Personal remittances from overseas Filipinos declined by 1.4 percent to $2.76 billion from the $2.8 billion in August recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Despite the decline in August, the BSP said the eight-month tally […]

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Indonesia records US$230m trade surplus in September

Statistics Indonesia (BPS) announced on Monday that the country recorded a trade surplus of US$230 million in September following month-to-month (mtm) deficits — $1.02 billion in August and $2.03 billion in July.   In September, both imports and exports declined. Exports decreased 6.58 percent mtm to $14.83 billion in September, from the figure in August, which was recorded […]

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