TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
RI trade balance to return to surplus in Oct: Bank Indonesia
After suffering a US$270
Change Size
A
fter suffering a US$270.3 million deficit in September 2014, Bank Indonesia (BI) expects that the country's trade balance will have returned to a surplus in October.
BI deputy governor Halim Alamsyah said the trade balance would book a surplus even though the figure would be below $100 million throughout October.
Halim said the positive result was supported by the performance of non-oil and gas exports, kontan.co.id reported on Friday.
He was hoping that the country's non-oil and gas sector would make more of a contribution to the nation's economy in the future amid the global economic slowdown.
Previously Samuel Asset Management analyst Lana Soelistyaningsih said that Indonesia would enjoy a marginal trade surplus in October since the government did not increase the price of fuel in that month.
The Central Statistics Agency (BPS) is scheduled to publish the country's macroeconomic data in Jakarta on Monday morning. (nfo)(++++)
