24
May

Sudirman Cup 2019: Indonesia Goes To Semifinal

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Greysia Polii / Apriyani Rahayu still make Indonesia have place in the Sudirman Cup quarter-final 2019 by contributing the second point in the match against Taiwan. Straight game victory over Pai Yu Po / Wu Ti Jung, 21-13, 21-7, making the position now a 2-2 draw for both teams.

Seeing strength on paper, Indonesia has a big chance of winning the women's doubles match. Greysia / Apriyani, who is currently ranked fifth in the world, has been championed by Pai / Wu, who is ranked 61 in the world. Greysia / Apriyani also played without a burden even though Indonesia was behind 1-2 from Taiwan.

Since the first game, Greysia / Apriyani took control of the match's nets. Not only displaying tight defenses, Greysia / Apriyani attacks also often produce numbers. Superior 17-5 in the second game, Greysia / Apriyani increasingly unstoppable.

"Just take pleasure in it, rather than be tense. We want to enter the field with a spirit that is not affected by the results of opponents who are superior. We want to vent our energy and energy into the field. Don't think too much," Greysia said about the game.

"Although the Taiwanese couple is one level below us, but we have to keep fighting, because anything can happen, the weather is different because this is a team match. We have to be on fire from the start," Greysia said.

"At first they had a hard time, we were still looking for air, tense at the beginning, but that was normal. When the points were far away, we enjoyed it better but we did not want to give the opponent the slightest chance.

The fifth party will be the deciding party. The mixed double Praveen Jordan / Melati Daeva Oktavianti will face Wang Chi-Lin / Hsieh Pei Shan where Indonesian can beat Taiwan's double  21-17 21-15. ( Badminton Indonesia)

24
May

In this participation, the Indonesian Consulate General in Chicago along with ITPC Chicago and Indofood want to further increase the sales of Indonesian food products, especially Indofood products in the Midwest region's food product market in the United States. We are proud that Indofood's products have recorded sufficient sales to increase significantly and have high brand awareness in the Midwest region of the United States, "explained the Consul General of the Republic of Indonesia, in Chicago Ms. Rosmalawati Chalid at the 2019 National Restaurant Association Exhibition (NRA 2019) which took place on 18 - 21 May 2019 at Mc Cormick Place, Chicago, United States.

The NRA is the largest exhibition for the restaurant industry in the North American region, and the third largest in the world. The total transaction potential generated during the 4 days of the exhibition is around 3,142,000 U $ from 25 transactions.

During the 4 days of the exhibition, the Indonesian Pavilion received a very positive response and was visited by more than 135 potential buyers, not only from Horeka's industrial sector, but also various importers, distributors, retailers, in the food and beverage sector.

In addition to exhibiting products, Indonesian Pavilion also held a business meeting with several large US companies engaged in the food beverage industry sector including Pepsi Co, and Turano, Libbey and also the fishing industry, Regal Springs.

Furthermore, the Head of ITPC Chicago added "in 2018 the sale of Indofood products in the US Midwest region recorded an increase of 43%, which is a record in the United States. The momentum that we want to optimize is to more aggressively carry out promotions and strategic cooperation with distributor, importer and retailer partners in the Midwest region. In addition, we also show that Indofood is trying to diversify its marketed products, where for this year, snacks and condiments products such as sauce, soy sauce, chilli sauce are one of the new products that we try to market more focused and segmented. "Among ASEAN countries, Thailand still dominates to export food products to the US Compared to other ASEAN countries they control 37% of their market share, which is followed by Vietnam and Indonesia ranked 3rd. (kemenlu)

24
May

Weakening of Exports Pushes Deficit April 2019

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The April 2019 trade balance is again in deficit. The April 2019 export and import balance showed a fairly high deficit of USD 2.5 billion, compared to last month which experienced a surplus of USD 0.7 billion. "The trade balance deficit in April 2019 was due to the weakening of exports due to a decline in global demand," said Head of the Trade Assessment and Development Agency, Kasan. Furthermore, Kasan explained, the deficit in April was also due to an increase in the oil and gas trade balance deficit from USD 0.4 billion last month to USD 1.5 billion in April 2019. Meanwhile, the non-oil and gas trade balance also declined, from a surplus of USD 1.1 billion to USD 1.0 billion. "Trade partner countries such as the United States, India, the Philippines, the Netherlands, and Malaysia accounted for the largest non-oil and gas trade surplus during April 2019, totaling USD 2.0 billion. Meanwhile, China, Thailand, Japan, Australia, and South Korea contributed the largest non-oil and gas trade deficit which reached a total of USD 3.0 billion, "explained Kasan. Cumulatively, the trade balance for the January-April 2019 period still has a deficit of USD 2.6 billion. This is due to the large oil and gas trade balance deficit which reached USD 2.8 billion, while the non-oil and gas trade account only contributed a surplus of USD 0.2 billion.

Gobal Conditions Press April 2019 Export Performance April 2019 export performance was recorded at 12.6 billion or 13.1 percent compared to the month's exports same in 2018 (YoY). The weakening of exports was due to a decline in oil and gas exports by 37.1 percent and a decline in non-oil and gas exports by 11.0 percent. "Cumulatively, exports from January to April 2019 amounted to USD 53.2 billion, decreasing by 9,4 percent compared to January-April 2018," continued Kasan. In detail, exports in April 2019 weakened in all sectors. Last year's export of agricultural sector rose 7.4 percent this year down 15.9 percent (YoY). Industry sector exports last year rose 8.1 percent, while this year it fell 11.8 percent. Exports of the mining sector rose 12.7 percent last year, while the year is 6.5 percent. The oil and gas sector exports last year rose 324.1 percent, while this year it dropped 37.1 percent.


Cumulatively from January to April 2019, exports of all sectors also experienced weakening. Agriculture sector exports fell 3.3 percent (YoY) and last year also fell 5.2 percent. Industrial sector exports fell 7.8 percent, while last year rose 5.4 percent. The mining sector was down 12.3 percent, while last year it rose 33.4 percent. Exports of the oil and gas sector fell by 18.2 percent, while last year it rose 2.5 percent. In addition, the decline in non-oil and gas exports during the January-April2019 period was also triggered by weakening exports to the top ten markets, except the Philippines and Vietnam which rose 2.9 percent. "This shows the condition of weakening market demand for the main destination countries of Indonesian exports," explained Kasan. April 2019 imports decreased compared to April 2018. April 2019 imports were recorded at USD 15.1 billion, up 12.2 percent compared to imports in March 201 (MoM), but experienced a 6.6 percent decrease in April 2018 (YoY).

The decline in imports in April last year was triggered by the decline in non-oil and gas imports by 7.0 percent and oil and gas imports which fell by 4.0 percent. Cumulatively, total imports during January-April 2019 reached USD 55.8 billion, or decreased by 7.2 compared to the same period of the year then that reached USD 60.1 billion. The decline in imports from January to April 2019 was triggered by a decline in the demand for imported oil and gas which was quite significant, which amounted to 22.8 percent, and non-oil and gas imports which also declined by 4.5 percent. goods. Imports of consumer goods fell by 11.9 percent, imports of raw / auxiliary materials fell 7.1 percent, and imports of capital goods fell 5.4 percent. Goods whose imports experienced a significant decline included fuel and lubricants (-33.4 percent), automotive parts and equipment (-15.8 percent), and capital goods spare parts and equipment (-8.8 percent). (kemendag)

24
May

The Financial System Stability Committee (KSSK) Coordination Meeting assessed that after the announcement of the results of the General Election (Election) recapitulation on Tuesday (21/5) and before Eid early next month, the Indonesian economy was still in good condition.

"To this day the public and business people believe and believe the Indonesian economy after the announcement will remain good," Finance Minister Sri Mulyani Indrawati said after the KKSK meeting, in the Djuanda Hall, office of the Ministry of Finance, Jakarta, Thursday (5/23) afternoon .

Besides the Minister of Finance, the KKSK meeting was also attended by the Governor of Bank Indonesia (BI Governor) Perry Warjiyo, Chairman of the Financial Services Authority Board of Commissioners (Chairperson of DK-OJK) Wimboh Santoso, and representatives of the Deposit Insurance Agency (LPS) Chairperson.

Minister of Finance deeply regretted the riots. However, the Minister of Finance believes that all investors and business people have understood the electoral process and that law enforcement officials can anticipate and resolve the incident according to the applicable law. According to him, this belief is the basis of the implementation of the entire country and will be reflected in national economic indicators.

In addition, the Minister of Finance also said that the holiday allowance (THR) disbursement process had been realized in half and would continue to monitor the remaining disbursement. He hopes the community can celebrate Eid with a safe atmosphere after fasting for one month.

"We hope that the security atmosphere will be maintained so that people can hold Ramadan services and at the same time celebrate the Eid-ul-Fitr festivities with their families and relatives who also usually have a positive impact on the economy," continued the Minister.

Minister of Finance stated that KSSK in accordance with its mandate will continue to maintain financial sector stability as a very strategic and important sector in maintaining Indonesia's economy without compromise.

Meanwhile, BI Governor Perry Warjiyo on the occasion stated that Bank Indonesia had increased money exchange services to welcome holidays at 2,975 points, both at the central and branch offices. He also assured that the need for money in the community for Eid would be fulfilled by Bank Indonesia. ( Ministry of Finance )

 

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