Indonesia records $2.3b trade surplus in February despite coronavirus pandemic

first_img“The significant factor is rising exports to Singapore particularly of precious metals and jewelry,” BPS deputy for statistics distribution and services Yunita Rusanti said during an online press briefing.Read also: Indonesia deploys second stimulus amid market, rupiah routs“Exports to several other countries also surged significantly, such as palm oil exports to Ukraine and jewelry to Switzerland,” she added.Meanwhile, falls in the country’s imports occurred among all types of products, namely consumer goods, raw materials and capital goods, amid a decline in shipments from China following the COVID-19 outbreak. The most affected imported products were machinery and electrical appliances, mechanical appliances and plastic goods, said Yunita.The BPS recorded $1.98 billion imports from China, Indonesia’s largest trading partner, falling 35.27 percent in February compared with the same period last year. Meanwhile, exports to China stood at $1.87 billion, up by 21.49 percent. Such a situation resulted in a trade deficit of $119 million with China, far lower than the $1.53 billion in February last year.On that basis, Indonesia recorded a trade surplus of $1.7 billion during this year’s first two months compared with a deficit of $730 million booked in the same period last year.Economists and businesspeople have raised concerns that the COVID-19 pandemic will hurt domestic industry as the virus outbreak has disrupted economic and business activities in countries around the world, including in economic giants the United States, China, Japan and Germany.Read also: ‘We have many tanks to fill’: Indonesia to make the most out of globally low oil pricesThe government announced on Friday that it was allocating Rp 120 trillion ($8.02 billion) from the state budget to stimulate the economy through tax incentives and subsidies for workers, businesses and families affected by the COVID-19 pandemic.It also deployed a second stimulus package, worth Rp 22.9 trillion, that includes individual and corporate tax breaks as well as the relaxation of loan-disbursement and restructuring requirements, it also unveiled a non-fiscal stimulus package. The non-fiscal package includes a reduction in the number of prohibited imports, as well as an acceleration in export and import processing and licensing, especially for reputable traders.Indonesia had announced 117 confirmed COVID-19 cases with five fatalities as of Sunday afternoon. Globally, the pneumonia-like illness has infected more than 169,000 people and taken at least 6,500 lives. Indonesia recorded a US$2.34 billion trade surplus in February thanks to higher manufacturing exports despite disrupted trade activities with China as a result of the COVID-19 pandemic, Statistics Indonesia (BPS) announced on Monday.The country recorded a total of $13.94 billion in exports in February, an 11 percent increase year-on-year (yoy), while total imports fell 5.11 percent yoy to $11.6 billion due to falling imports from China.Indonesia’s manufacturing exports recorded the largest growth, increasing 17.11 percent annually in February to $11.03 billion, while oil and gas exports slumped 26.51 percent to $820 million.center_img Topics :last_img read more

2017 Rose Bowl

first_imgWhat started out as a one-sided blowout-in-the-making turned into a nail-biting, highest scoring game in Rose Bowl history.,USC claimed its 25th Rose Bowl victory in program history,The festivities included a trip to Disneyland and the annual Beef Bowl.,Both teams rode long winning streaks to the postseason.,The team that started the season 1-3 has turned it around.,A look back at Sam Darnold’s spectacular rise,The comeback kids battle it out in the second half,USC football is backlast_img read more

Governor Emmanuel Honoured at NSA, Reaffirms Commitment to Sports Devt

first_imgGovernor Udom Emmanuel of Akwa Ibom has reaffirmed his commitment to sports development in Nigeria particularly having been part of Super Eagles eventful qualification for the 2018 FIFA World Cup in Russia and supporting Akwa United to AITEO Cup victory.Governor Emmanuel was unanimously voted the Sports Governor of the Year at the 20017 Nigeria Sports Award held at Eko Hotel and Suites in Lagos and attended by crème-de-la-crème of Nigeria sports and captains of industry Represented at the event by the Chairman of Akwa United FC and Senior Special Assistant to the Governor on Sports, Mr. Paul Bassey, he expressed his satisfaction with the Eagles’ qualification for Russia 2018 World Cup while pledging his continued support for sports development.“We are proud to be part of the Nigeria’s qualification for the 2018 FIFA World Cup in Russia and we will not relent in our effort to support sports. We are committed to empowering our youth and also use sports to support their dreams. We are delighted to recieve this award from the organisers of the Nigeria Sports Award and this will surely spur us to do more for sports in the country,” Bassey said. Recall that since assumption of office, Gov. Emmanuel has championed the drive for sports revolution in Nigeria. Through the efforts of the sports loving Governor, Akwa Ibom has become the emerging football capital of Nigeria playing host to the National Team; the Super Eagles all through the team’s successful qualification for the 2018 FIFA World Cup in Russia.The state-owned football team; Akwa United FC has over this period been the most funded and best managed state-owned team which has seen the team emerge winners of Nigeria FA Cup twice in 3 years. The female team, Ibom Angels also emerged runners up in the female FA Cup for the first time ever in 2017.The sixth anniversary edition of the prestigious sports awards ceremony saw Gov. Emmanuel emerging as winner of the award for the visionary changes his tenure has brought to sports development in Akwa Ibom State, resulting in the state’s growth in sports infrastructure, vast increase in its sports programmes and a significant improvement in the winning of medals by its athletes in national and international competitions. This feat is indeed a recognition of his immense contributions to sports development in Nigeria.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Power Hitters try to finish off Agilas

first_imgAfter winning title, time for LA Tenorio to give back to Batangas folk Will you be the first P16 Billion Powerball jackpot winner from the Philippines? ‘Mia’: Rom-com with a cause a career-boosting showcase for Coleen Garcia PSA Forum: Wushu, PBA Draft Game time is at 3 p.m. after the 2 p.m. awards rites in the third season of the country’s premier men’s volley league organized by Sports Vision.Sports Related Videospowered by AdSparcRead Next Japeth Aguilar embraces role, gets rewarded with Finals MVP plum LATEST STORIES Don’t miss out on the latest news and information. PLDT will aim to end Air Force’s bid on its first crack at the Spikers’ Turf Open Conference crown on Tuesday at Blue Eagle gym in Quezon City.The PLDT Home Power Hitwas seeded second in the Final Four but gained the twice-to-beat edge in the finals after No. 1 Sta. Elena-National University pulled out to represent the Philippines in the Asean University Games in Myanmar.ADVERTISEMENT The withdrawal paved the way for the finals playoff between No. 3 Air Force and No. 4 Cignal, with the Agilas pulling off a 21-25, 25-18, 25-19, 25-16 win over the weekend to stay in the title hunt.PLDT swept Air Force in the elimination round but the latter hopes to sustain the momentum of their victory over Cignal.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissHowever, the Agilas need to beat the Home Power Hitters twice to snatch the crown.Power-hitting Alnakran Abdilla, Rudolfo Labrador, Howard Mojica and Edwin Tolentino will lead the Agilas’ charge against the Home Power Hitters’ tested crew composed of Mark Alfafara, John Vic de Guzman, Joeven dela Vega, Kheeno Franco and Joshua Umandal.center_img Nadine Lustre’s phone stolen in Brazil Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college No.13 lucky for Orlando Bloom View commentslast_img read more

Tufaie Foundation Revamps Activities

first_imgThe Tufaie Foundation Child Care and Middle School located in Ganta has stepped up its services by procuring a brand new school bus to meet the transportation needs of its students.The proprietor of the school, Benedict Domah, told the Daily Observer that the school decided to purchase a bus owing to the serious difficulty the students encounter in reaching the campus on time each morning.He added that many of the students are between the ages of three and 15 years, and for them to be riding commercial motorcycles to school poses danger to their lives, as well as constrains them to leave the campus late after school hours.Mr. Domah said in order for the students to be adequately prepared academically, the school is using a Ghanaian curriculum as a reference guide to the Liberian curriculum and ensuring that full attention is given them in their lessons.Tufaie Foundation is among the leading toddler schools in Ganta, where most of the business people send their children to acquire quality education.During a visit to the campus by this reporter, it was discovered that many of the first graders who are ages four to six, have developed good writing skills, while many of the seventh and eighth graders are at the ages of 13 and 14.The older students, Mr. Domah said, are taken on a field trip every semester to see for themselves some of the historical sites such as mounts Nimba and Tokadeh and the Kpatawee Water Fall in Suakoko, Bong County because these are some of the places that are discussed in their social studies class.While the government is yet to provide subsidy to the school, Mr. Domah praised GoL for recently training and providing incentives for their teachers.The incentive was part of money the government allotted for private school teachers under the reference, “Ebola money.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Education Ministry commissions $17M mobile counselling unit

first_imgThe Education Ministry on Monday commissioned the first Mobile Psychosocial Unit, valued at some $17 million, which is intended to transport welfare officers to areas where persons are in need of counselling.“I think everyone of us here can relate to the fact that there is certainly a gap that currently exists across the country, but, more particularly in the education system when it comes to psychosocial support,” Education Minister Nicolette Henry said as she spoke of the benefits of the unit at the Department of Education’s 68 Brickdam, Georgetown office.As outlined by her, the counsellors will traverse different areas to meet with students, teachers and even parents who might be in need of counselling.“Many times, we have a lot of students with a lot of needs that are unmet (and) aThe new Mobile Psychosocial Unitlot of issues that are not addressed, because we do not have either the capacity or the resources to undertake those,” she said.Henry pointed out that she hoped more units could be commissioned soon to enable counsellors to touch base with all those who were in need.According to the Minister, the counselling programme will seek to help students and even transfer them to specialists if needed.Meanwhile, acting Deputy Chief Education Officer Ingrid Trotman noted that emotional needs of students cannot be overlooked. She added that the Unit would help to reduce stress levels and provide a quick response to areas where trauma is being experienced by persons.The Unit is fully equipped with a refrigerator, stove, air conditioner, bathroom and other facilities to benefit the officials who will be travelling to hinterland areas, among others, to provide counselling.Plans were first unveiled by Chief Education Officer Marcel Hutson back in June for the implementation of the project.Currently, there are officers in each administrative region who are responsible for conducting counselling sessions with students – be it one-on-one, small-group or large-group interventions.The Mobile Unit will, however, be a tool to bring together not only psychologists from the Education Ministry but officials from other agencies who may be necessary for specific cases.It was clarified that it was not a case where counselling was not being done, but this new initiative was a step taken by the Ministry to ensure that counselling could be done in a more effective manner.It was further explained that in a situation where students were found drinking alcohol, the team would also be activated, with not only the welfare officers but with public health officials, making the counselling process more influential.last_img read more