TheJakartaPost
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Despite ongoing trade talks in view of Trump's looming tariffs, the United States still contributed the most to Indonesia’s surplus in the January-May period this year, even jumping 31 percent to $7.08 billion compared to last year's figure.
The government plans to push up the poverty line in a move that would bring Indonesia’s measure closer to that of the World Bank, even though that could be politically risky, as it would categorize more people as poor.
The redefinition is being worked on by the National Economic Council alongside Statistics Indonesia (BPS), the National Development Planning Agency (Bappenas) and the Statistics Society Forum. Indonesia last revised its poverty line in 1998.
According to the latest S&P Global report, Indonesia’s manufacturing purchasing managers’ index (PMI) remained in contraction territory at 47.4 in May, albeit slightly improved from 46.7 in the previous month.
The latest BPS report indicates that unemployment fell to a record low of 4.76 percent in February, but the KSPI and a think tank analyst have pointed to discrepancies with real conditions on the ground, especially regarding layoff data.
Higher demand for coffee and gold drove April's 1.95 percent rise in CPI, according to BPS, with the prices of the two commodities recording global highs in recent months due to external factors such as climate impacts and geopolitical tensions.
