Indonesia’s import expanded only by 3.8% month-on-month in August, but this was mainly due to nearly 17% fall in import of oil and gas. Import of non oil and gas actually expanded 9.23% from July, suggesting a strong domestic economy.
Read MoreSo, Indonesia booked trade surplus of US$5.76 billion last month, expanded from US$4.2 billion in July thanks to higher export (+9.17%) growth than import (+3.77%). Higher volume of palm oil, iron & steel, and nickel contributed to higher export growth despite correction in international price of the commodities.
Read MoreWTI crude futures steadied near $85 per barrel on Friday but were still set to decline for the third straight week, as aggressive monetary tightening by major central banks and global recession fears dampened the demand outlook....
Read MoreAsian stocks declined on Friday, taking cues from a weak overnight session on Wall Street as solid US data bolstered expectations that the Federal Reserve will continue to aggressively raise interest rates. Global recession...
Read MoreGold prices hovered near two-year lows around $1,660 an ounce on Friday and were set to notch their fourth losing week in five, as a strong dollar and an impending interest rate hike from the Federal Reserve next week dampened...
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