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Trade Briefs: China Slowdown
Indonesia's export grew only 1.3% in July 2010 from the previous month as major commodities declined. Import, meanwhile, grew 7.3% on strong demand for machineries and electronics. Export to China dropped 9.2%, while import inched up 0.6%. As a result, deficit in non-oil and gas trading widened to US$998 million. ,Last Updated ( Wed, 01 Sep 2010)
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| 2011 Budget Highlights (3)
The government assumed economic growth of 6.3% next year, increased slightly from the projected 6% growth this year. As State revenues were proposed to grow 12.9% and budget expenditures inched up 6.7%, government prefers to cut budget deficit with domestic funding. (Tue, 17 Aug 2010)
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| 2011 Budget Highlights (2)
President Susilo Bambang Yudhoyono (SBY) delivered State Address before the House of Representative (DPR) and Regional Representative Council (DPD) in a joint Plenary Session on August 16, as part of 65th Independence Day celebration. Delivering State Address one day before Independence Day has been an annual tradition ever since late former president Soeharto era. (Tue, 17 Aug 2010)
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| More Articles |
| • 2011 Budget Highlights | Economy | Business as usual, nothing spectacular. That's the general comment on President SBY's speech in introducing the 2011 State Budget yesterday. He gave good news for civil servants, but sent unclear measures to create new and quality jobs. This is a mediocre Budget, as usual. | |
| • Re-denomination Project | Economy | Re-denomination of rupiah has triggered controversy. Economists talk about inflationary impacts, politicians talk about "lifting the image of the nation" (and the President). Others talk about how Turkish government succeeded in re-denomination of Lira, cut six zeros. Let's talk about re-denomination as a big project, on how much money someone/companies/political parties would make from printing all new notes for Rp263,000,000,000,000 money in circulation. | |
| • China Correction: Commodities (III) | Economy | Metals prices retreated substantially yesterday on fears that Chinese government's plan to tighten mortgage lending rules would eventually drag down demand on most commodities. Some believe a more painful correction has yet to come. Crude oil, meanwhile, stays above US$82 per barrel. | |
| • Trade Briefs | Economy | For the first time in months, Indonesia's export revenue dropped 2.9% while the trade surplus squeezed 78% to US$580 million. While for the first half of 2010 export surged 38.4%, the June export-import statistics deserved attention. Is it a temporary or systematic change of direction in the world trade? | |
| • National Economic Committee & Conflict of Interests | Economy | President SBY has appointed Chairul Tanjung as the chairman of National Economic Committee (KEN). Chairul, controlling owner of Para Group and one of major contributors to SBY-Boediono campaign in 2009, leads a team of economists, who are mainly commissioners in major companies, and some conglomerates. Who are they? | |
| • Trade Statistics: Questions? | Economy | Indonesia posted trade surplus of US$2.47 billion in May 2010, skyrocketed by 209% from April. While this could strengthen forex reserves, we might have to start to raise questions and worry about global economy. Why? | |
| • Commodities, so far | Economy | Crude oil prices are hovering around US$76 per barrel, but CPO futures touched their new lows this year, traded below RM2400 per ton. Copper, aluminium, and lead dropped 13%, 13%, and 28% respectively this year, but nickel and tin returned to positive territory. | |
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