JAKARTA : Indonesia's April trade surplus was seen increasing from the previous month, with imports softening due to less production activities during the holiday of Ramadan, a Reuters poll showed.The median analysis of 14 economists in the survey showed the trade surplus in April likely increased to $3.3
JAKARTA : Indonesia's April trade surplus was seen increasing from the previous month, with imports softening due to less production activities during the holiday of Ramadan, a Reuters poll showed.
Southeast Asia's largest economy has been recording monthly trade surpluses since mid-2020, but economists have said it would likely shrink this year as some commodity prices fall due to weakening global demand. April imports were also seen declining 7.85 per cent from the same month last year, versus a 6.26 per cent contraction in March.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan core CPI likely re-accelerated in April despite energy subsidies- Reuters pollTOKYO : Japan's core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of the government's energy subsidies.Persistent inflation, coupled with three-decade-high wage hikes, have emboldened market speculation that
Read more »
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters pollTOKYO : Japan's economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector offset soft business activity, a Reuters poll showed.Japan has so far been spared major impact from deteriorating global economic conditions thanks in part to the services sector
Read more »
Thailand economy likely picked up speed in Q1 as tourism rebounds - Reuters pollBENGALURU : Thailand's economy likely picked up speed in the first quarter aided by a strong recovery in the tourism sector and a rebound in private consumption, but a weakening global economy poses the biggest risk to the outlook, a Reuters poll found.The tourism-reliant economy's recovery has lagged its
Read more »
Indonesia tax cut drives electric car sales for Hyundai, WulingJAKARTA : Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia's largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on
Read more »
Thai consumer confidence at more than 3-year high in AprilBANGKOK : Thai consumer confidence rose for an 11th straight month in April, reaching a 38-month high, boosted by a recovery in tourism and increased activities ahead of an election on May 14, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce increased to 55
Read more »
China April new bank loans tumble to 718.8 billion yuan, far below forecastsBEIJING : Chinese banks extended 718.8 billion yuan ($103.99 billion) in new yuan loans in April, tumbling from March and sharply missing analysts' estimates.Analysts polled by Reuters had forecast new yuan loans would drop to 1.4 trillion yuan last month, versus 3.89 trillion yuan in March.Broad M
Read more »