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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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Thailand: Undisclosed online prices targeted

The Commerce Ministry has threatened to take legal action against online traders who do not disclose their price tags and opt to relay prices through online messages.  A source from the Commerce Ministry who requested anonymity said the ministry has received lots of complaints from customers about online purchases, especially via Facebook, where the sellers choose […]

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