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Jakarta Post

RI to post surplus in trade balance in Oct.: BI

After suffering a US$270

The Jakarta Post
Sat, November 29, 2014

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RI to post surplus in trade balance in Oct.: BI

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ftersuffering a US$270.3 million deficit in September 2014, Bank Indonesia (BI)expects the country'€™s trade balance to return to surplus in October.

BI deputy governor Halim Alamsyah said the trade balance would book a surplus, although the figure would be below $100 million throughout October.

Halim said the positive result was due to the performance of non-oil and gas exports, kontan.co.id reported on Friday.

He added that he hoped 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 Soelistianingsih 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.

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