Indonesia sees record trade surplus over 13 months
Indonesia’s trade surplus in September reached 1.21 billion USD, the highest level for the past 13 months, the Jakarta Post on October 18 cited official data from the Central Statistics Agency (BPS).
Jakarta (VNA) 🐷– Indonesia’s trade surplus in September reached 1.21 billion USD, the highest level for the past 13 months, the Jakarta Post on October 18 cited official data from the Central Statistics Agency (BPS).
The outcome was attributed to the surging exports of iron, steel and tin to Australia and Thailand.
However, the overall imports and exports still declined due to the lackluster global economic growth and slow recovery of commodity prices.
Indonesia grossed 12.51 billion USD in export in September, a year-on-year decline of 0.59 percent. The nine-month export turnover was estimated at 115.21 billion USD, down 9.4 percent against the same period last year.
The import turnover was also low at 11.3 billion USD, a yearly decrease of 2.26 percent. The total import revenue in January-September stood at 107.99 billion USD, down 8.6 percent over the previous year.
Trade surplus over the past nine months was recorded at 7.22 billion USD.
The Indonesian government encouraged manufacturers and exporters to make inroads into non-traditional markets such as Africa, South-Central Asia, East-Central Europe, and South America as well as improve quality of products, designs and packing.-VNA
The Indonesian Government maintained a 5.3 percent economic growth target for this year in the revised state budget to withstand uncertainties in the domestic and global economies.
Indonesia’s second-quarter economic growth has surpassed expectation as spending surged, particularly during Ramadan holiday, said the country’s statistics bureau.
The House of Representatives’ Budget Committee of Indonesia agreed with the government’s proposal on lowering the country’s economic growth target for 2017 to 5.1 percent on September 29.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Illustrative image (Source: energitoday.com)
