Author: yosefardi.com

January 2019 External Trade Data

Indonesia’s export declined 4.7% year-on-year to US$13.87 billion (FOB), while import declined 1.83% to US$15.03 billion (CIF). As a result, Indonesia suffered ‘trade deficit’ (not entirely goods, because of the cost of freight and insurance in the import) of US$1.16 billion. Oil and gas sector contributed US$454.8 million of ‘deficit’ despite downfall in prices.

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Cement Sales Fall 7.6% in January

National cement sales declined 7.6% to 5.62 million tons in January 2019, from December 2018, so some cement producers opted to temporarily shut down their cement mills for overhaul. Widodo Santoso, Chairman of Indonesian Cement...

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Trade Gap Widens in January

Indonesia’s trade deficit widened to US$1.16 billion in January 2019 from US$0.76 billion in the same month a year earlier, It was the fourth straight month of trade gap, as exports dropped 4.7% year-on-year while imports...

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January Exports Drop 4.7%

Exports from Indonesia unexpectedly fell 4.7% from a year earlier to US$13.87 billion in January 2019, after a downwardlly revised 3.57% decrease in the prior month. It was the third straight month of decline in exports, as...

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Medco E&P Manages Rimau Block

Government through the Ministry of Energy and Mineral Resources (ESDM) handed over the management of Rimau block in South Sumatra to PT Medco E&P Indonesia, on Thursday (Feb 14). The oil and gas block has an area of 1,103...

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Jakarta Vice Governorship & Prabowo’s Indecisiveness

The Islamic party PKS is still in a deadlock with their ally Gerindra on who shall be nominated as vice governor of Jakarta to replace Sandiaga Uno. PKS recently urged Gerindra to submit the names of Jakarta vice governor candidates from PKS to the Governor of Jakarta Anies Baswedan, but Gerindra’s Jakarta chapter was reluctant to proceed. They argued that the nomination was not yet final. One wonders why Prabowo Subianto cannot seem to settle this issue while six months have passed since Sandi stepped down from the position to run in the 2019 presidential election.

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