Indonesia books $1.27b trade surplus in June as economic activity resumes

first_imgExports of manufactured goods rose by 7.09 percent, driven by increased exports of palm oil and electrical machines, while exports of agriculture goods rose by 34.36 percent yoy.Meanwhile, imports of consumer goods grew by 37.15 percent yoy following a sharp increase of garlic shipments from China and frozen meat from Australia, among other items. Imports of raw materials plummeted by 13.27 percent, while imports of capital goods grew by 2.63 percent, driven by higher demand for laptops from China.China, the United States and Japan remain Indonesia’s largest trading partners.In the first half of the year, the country booked $76.41 billion in exports, a decrease of 5.49 percent, while imports amounted to $70.9 billion from January to June, a 14.28 percent yoy decrease.Indonesia recorded a trade surplus of $5.5 billion over the first half of the year, compared to a deficit of $1.87 billion in the same period last year.Global trade is expected to drop around 18.5 percent yoy in the second quarter of this year due to the coronavirus pandemic, according to the World Trade Organization. The WTO also forecasted that global trade volumes would contract by between 13 percent at best and 32 percent at worst in 2020, amid the disruption brought about by the pandemic.Bank Central Asia chief economist David Sumual told The Jakarta Post that the result was justified following the reopening of the economy, adding that implementing health protocols would be key to maintaining the positive trade performance.“We still think that uncertainty remains going forward as COVID-19 is still around, but the way we are going now is overall positive for economic growth,” David said in a phone interview.Bank Danamon economist Wisnu Wardana said after the announcement that the current account deficit would narrow to 1.5 percent in the second quarter, a result he called “surprisingly positive” for the virus-battered economy.Indonesia recorded a current account deficit of $3.9 billion, or 1.4 percent of the gross domestic product (GDP), in this year’s first three months, down from 2.8 percent of GDP in the preceding quarter. Indonesia booked a trade surplus of US$1.27 billion in June as both exports and imports rose from the slump recorded in May, signaling increasing economic activity as the country and its trading partners have begun to lift coronavirus-induced restrictions.Exports were up 2.28 percent year-on-year (yoy) in June at $12.03 billion, the first growth recorded in four months, thanks to rising shipments of manufactured and agricultural goods, Statistics Indonesia (BPS) announced on Wednesday.Imports, meanwhile, were 6.36 percent lower than last year at $10.76 billion as domestic demand for raw materials remains weak. But the decrease was much less pronounced than in May, when imports plummeted 42.2 percent yoy. Imports of consumer goods and capital goods rose significantly following the government’s gradual reopening of the economy in June. Topics :center_img “The growth in exports is an encouraging sign for the economy, and we hope that this will become a positive signal of a continuing rise in exports in the coming months,” BPS head Suhariyanto told reporters in a streamed news conference.Suhariyanto added that the significant rise in exports was warranted with the relaxation of pandemic-related restrictions.Trade rose significantly in June compared to May, when the country imposed large-scale social restrictions (PSBB) to curb the spread of COVID-19, halting many business activities, disrupting supply chains and forcing manufacturing facilities to shut down temporarily. In June, exports increased by 15.09 percent month-to-month (mtm) and imports rose by 27.56 percent mtm.Meanwhile, the country’s oil and gas exports decreased in June by 18.52 percent yoy to $580 million despite the rise in oil prices, while exports of mining products fell by 17.05 percent yoy due to falling coal prices.last_img read more

Read More »

QLD houses lead building approvals growth

first_imgTrend approvals figures for private houses in Queensland jumped 1.6 per cent in latest data.NATIONAL detached house approvals have jumped to their strongest level in 15 years, and private houses in Queensland are leading the trend.Australian Bureau of Statistics trend figures showed that over the three months to April, 31,562 new detached houses were approved for construction.Housing Industry Association senior economist Shane Garrett said it was the most in any three-month period since 2003. Huge drop in Brisbane land prices Beach shack sells for record $11.2m Brisbane home values stay strong Where to buy for under $500,000 “The volume of approvals for new detached houses is at its strongest in 15 years,” he said.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours ago“The performance of the detached house building market is remarkable. The volume of house approvals during the three months to April was 9.9 per cent higher than a year ago – a time when it was already elevated.” The volume of house approvals in the three months to April was 9.9 per cent higher than a year ago.Private sector house approvals were up highest in Queensland, rising by 1.6 per cent, followed closely by Victoria (1.5 per cent) and then New South Wales (0.6 per cent). Western Australia (0.9 per cent) and South Australia (0.4 per cent) also saw positive growth through April.“Strong demand for new houses is being sustained by healthy rates of population growth – itself a product of robust labour markets in Australia’s largest cities.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 7:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPrestige property with Liz Tilley07:29 Queensland’s poorer showing in the apartment sector saw its overall building approvals fall by a massive -11.5 per cent though over the year to April, followed by the NT (-6.6 per cent), NSW (-5.4 per cent) and WA (-3.0 per cent). “The apartment market remains under pressure due to the stiffer tax burden on foreign buyers in most states as well as tighter regulatory conditions. These interventions represent a real risk for the house building industry,” Mr Garrett said. FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

Read More »

Régions invest

first_imgTRACK RENEWAL work on the night of December 10 marked the start of a Fr293m upgrading of French National Railways’ 34 km Strasbourg – Haguenau route. Alsace région is meeting 57.5% of the cost, and Bas-Rhin département 17%. Speeds will be raised to 160 km/h, and a third track will be laid on the 10 km Strasbourg – Vendenheim section used by Paris services.Seine-Maritime département has announced a Fr800m transport programme, including a Fr235m upgrade of the Rouen – Dieppe line and modernisation of the Blangy – Le Tréport, Rouen – Elbeuf and Le Havre – Fécamp routes. Champagne-Ardenne is to invest Fr13m in modernising stations around Reims. Rhlast_img

Read More »

Woodside’s Gemtree offshore drilling plan open for comment

first_imgThe Australian offshore safety regulator NOPSEMA has invited public comments for Woodside’s proposed Gemtree-A well drilling program. NOPSEMA said that the drilling proposal for the offshore well was submitted on Monday, February 24.Under the proposal, Woodside’s subsidiary – Woodside Energy Julimar Pty Ltd – proposed to drill a single exploration well, named Gemtree-A, within Permit Area WA-49-L.The proposed Gemtree-A Well is located in Commonwealth waters in the Barrow sub-basin, about 142 kilometers off the Pilbara coast of Western Australia.The closest landfall to the well location is the Montebello Islands, which are about 55 kilometers southeast and 47 kilometers to the Montebello Island Marine Park.The proposed activity will involve drilling, formation evaluation, and permanent abandonment of one well. The well will be drilled using a moored semi-submersible mobile drilling unit with two or three vessels supporting the MODU during drilling activities.According to the proposal, drilling of the exploration well is expected to begin in the third quarter of 2020 and take about 50 days to complete.The timing of the start and duration of these activities is subject to change due to project schedule requirements, rig and vessel availability, unforeseen circumstances, and the weather.last_img read more

Read More »

Odion Ighalo ‘handed Man Utd shirt number’ 25

first_img Promoted ContentWhat Happens To Your Brain When You Play Too Much Video Games?2020 Tattoo Trends: Here’s What You’ll See This YearIs This The Most Delicious Food In The World?COVID-19 Pandemic Has Significantly Improved Air Quality17 Astonishingly Beautiful Cave ChurchesWho Is The Most Powerful Woman On Earth?9 Facts You Should Know Before Getting A TattooNo Good Disney Role Models For Boys?Which Country Is The Most Romantic In The World?10 Actors And Actresses Whose Careers Were Boosted By Soap OperasThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Superfoods For Growing Hair Back And Stimulating Its Growth It’s believed Ighalo will wear the number 25 kit for the remainder of the season. That number is particularly popular in his native Nigeria, with Nwankwo Kanu having starred for Arsenal in it. In his previous spell in England with Watford , Ighalo was allocated the number 24 kit. Meanwhile, he’s played as the No.9 for his clubs since moving to the Chinese Super League in 2017. Reports in Nigeria have suggested he’ll wear 25 at Old Trafford. Ighalo was a surprise addition on transfer deadline day as he joined on loan from Shanghai Shenhua until the end of the season. His move came after failed attempts to sign teenage sensation Erling Braut Haaland and Bournemouth ’s Josh King. Loading… Odion Ighalo has reportedly been handed his shirt number by new club Manchester United . The 30-year-old’s arrival is much welcomed, with star man Marcus Rashford out for the foreseeable future. Anthony Martial, who has scored just twice in his last eight games, and 18-year-old Mason Greenwood are the only recognised strikers on the books. United manager Ole Gunnar Solskjaer is pleased with his loan signing, telling reporters at Old Trafford: “He is a striker, has a physical presence and is a goalscorer so he will give us a lot. “You would be thrilled when you have been a Manchester United supporter your whole life and you’ve been working your whole life. “Being the top scorer in the African Cup of Nations tells you a lot about the qualities we are going to get. “He’s a different type of striker. He’s a proven goalscorer, physical presence. It also gives us a chance to rest Mason Greenwood and to rest Anthony Martial at times with so many games coming up.” Ighalo will have to wait until after the winter break to make his first appearance for the Red Devils. Read Also:Man United Move: It is now Eagles need Ighalo–Rohr He could become the first Nigerian player to represent United in the Premier League when they travel to face Chelsea on February 17. FacebookTwitterWhatsAppEmail分享 last_img read more

Read More »

Donald J. Reed – Batesville

first_imgDonald J. Reed, of Batesville, and formerly of Goode, Virginia was born on March 6, 1927 in Queens, New York a son to Harry and Margaret Molitor Reed. He served his country in the United States Navy during WWII. Donald later married Mary Delaney on September 24, 1955 in Brooklyn, New York and together they raised six children. He was a member of St. Nicholas Church and enjoyed gardening and fishing. Over the years he spent many hours volunteering in the Pro Life ministry, soup kitchens and visiting nursing homes. On Monday, June 15, 2020 at the age of 93, he passed away at Margaret Mary Health in Batesville.Those surviving who will cherish Donald’s memory include his wife, Mary Reed; sons, Donald (Marilyn) Reed, Jr. of Roanoke, VA, Michael (Vicky) Reed of Fort Hayward, VA, and Paul Reed of Goode, VA; daughters, Maureen (George) Dreiling of Batesville, and Jenny Reed of Roanoke, VA; 15 grandchildren and 19 great-grandchildren. Besides his parents, he was preceded in death by a daughter, Lorraine Reed, 3 brothers and 1 sister.A graveside service will be held at St. Nicholas Catholic Church Cemetery, Sunman on Wednesday, June 17, 2020 at 12:30 p.m. with Fr. Shaun Whittington officiating. A memorial Mass will be held at a later date in Virginia.To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com. The staff of Cook Rosenberger Funeral Home is honored to care for the family of Donald Reed.last_img read more

Read More »

Bruce: Hull are up for the fight

first_img Press Association Bruce admits new signings must be sought and he is interested in Toronto striker Jermain Defoe as well as Arsenal forward Yaya Sanogo. But for their problems, the manager also insists Hull are very much ready to embrace the challenge in front of them. Bruce, whose side’s next fixture is West Ham away on Sunday, said: “It has been a bit of a toil for us but even with the all problems we’ve got we were very comfortable (against West Brom until Albion’s 78th-minute winner). “It’s been the story of the season so far and certainly we need that to turn around for us and a bit of luck in that situation – to have eight or nine out is huge for a club like ours. “But bring on next week, and we’ll keep on fighting. “It’s so close and so tight (in the relegation battle) that it’s scary – there’s eight teams in it and I said all along there would be. “I didn’t envisage it being this tight but it’s all to play for.” Regarding potential incoming personnel, Bruce added: “I, probably like (West Brom boss) Tony Pulis and (Leicester manager) Nigel Pearson and all the people, would like a Jermain Defoe. “The numbers might cause a problem but then again I suppose that would be the same for most of the teams in the bottom half because he’s very expensive. It might be just beyond us. “The one thing you don’t want to do is gamble. We’ve seen all sorts of clubs get into a financial mess by pushing the boat out. “But if there’s someone who can make a difference I’ll be knocking the door down like I always have done. We’ve got to get an individual in who can make a difference. “It’s always difficult talking about someone else’s player. “They (Toronto) paid a lot of money for him and by all accounts they don’t really want to let him go. We’ll have to see what develops.” Meanwhile, Bruce has revealed one unnamed individual he had contacted about the possibility of becoming his assistant at Hull will not be taking up the post – and that the man concerned was not his former Manchester United team-mate Nicky Butt. Boss Steve Bruce has emphasised that Hull are up for the survival fight that lies ahead of them despite the extent of their injury list. The Tigers had a disappointing time of it all round on Saturday, suffering a 1-0 defeat at West Brom that saw them slide in to the Barclays Premier League relegation zone and losing frontmen Nikica Jelavic and Abel Hernandez during the contest to knee and groin problems respectively. Following Crystal Palace’s victory over Tottenham later in the day, Hull are in 18th position in the table and Jelavic and Hernandez have joined a casualty list that was already lengthy. last_img read more

Read More »

Elderly man kills wife then himself due to concerns about medical bills

first_imgAuthorities in Washington are reporting that an elderly man shot his wife and then himself committed over concerns that they could not afford their healthcare bills.The incident was reported in Ferndale on Wednesday around 8:30 am.According to the Whatcom County Sheriff’s Office, they received a called from the 77-year-old man saying “I am going to shoot myself.” He then told the operator that there will be a note with instructions and that his body and his wife’s body would be “in the front bedroom.”When authorities arrived to the home at 6500 bock of Timmeran Lane they immediately set up a perimeter and had a crisis negotiator attempt to get in touch with someone inside the home. After trying for an hour, the team sent a robotic camera up to the home and found that both the man and his wife were deceased.Investigators found several notes in the home that listed several of the wife’s ailments and the couples concerns about not having enough money to pay for treatment. Another note listed a next-of-kin.Sheriff Bill Elfo of the Whatcom County Sheriff’s Office spoke about the incident saying:“It is very tragic that one of our senior citizens would find himself in such desperate circumstances where he felt murder and suicide were the only option.”Two dogs were also found in the home.  They have since been turned over to the Humane Society.last_img read more

Read More »

Kwara Governor Renames Ilorin Stadium after Rashidi Yekini

first_imgSends bill to formalise it to Kwara House of AssemblyOlawale Ajimotokan in AbujaAt last, Nigeria’s football icon, Rashidi Yekini is on the verge of being honoured with the renaming of the Kwara Sports Stadium in Ilorin after him.Yekini who died on May 12, 2012 in Ibadan at the age of 48 years, remains Nigeria’s best ever forward to don the national jersey. Rashidi Yekini.. Yesterday, Kwara State Governor, AbdulRahman AbdulRazaq, who visited the Minister of Youth and Sports Development, Mr Sunday Dare in his office in Abuja, confirmed that the process of renaming the Ilorin Stadium after Yekini has began..Governor AbdulRazaq announced that progress has been made in immortalising the football icon, Rashidi Yekini by naming the Kwara State Sports Complex Stadium in Ilorin after him.He said: “ We will send a bill to the State House of Assembly to immortallise Rashidi Yekini with the name of the stadium changing after the approval.”The Minister of Youth and Sports, Mr. Sunday Dare had reminded the governor about the series of letter that the Ministry wrote to the Kwara State Government for the immortalisation of the late football legend. Mr. Dare had urged the Kwara State Governor to sustain his support for sports development while noting that sports help to reduce social vices.“I want to thank his excellency for hosting our biggest youth game in Ilorin, your excellency we are coming to Ilorin again because of the facilities at the University of Ilorin soonest for the youth game.“I love the fact that His Excellency AbdulRahman AbdulRazaq loves sport. I want to encourage your excellency to invest more on sports in the state ,” the minister pleaded with the governor.After starting his professional career in the Nigerian leaguewith the UNTL in Kaduna and strutting his stuff with IICC Shooting Stars of Ibadan, Yekini moved to Côte d’Ivoireto play for Africa Sports National, and from there he went to Portugaland Vitória de Setúbalwhere he experienced his most memorable years.He eventually become the Primeira Liga’s top scorer in the 1993–94 seasonafter scoring 21 goals; the previous campaignhe had netted a career-best 34 in 32 games to help the Sadinospromote from the second division, and those performances earned him the title of African Footballer of the Yearonce, the first ever for the nation.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Read More »

Women’s track squad endures growing pains

first_imgIt’s been a season of highs and lows, but the women’s track and field team is ready to end the season on a high note. Under the guidance of new head coach Jim Stintzi, the Badgers opened the 2005 indoor season in style, winning all 15 events at the Badger Track Classic. A week later, the Badgers continued to meet lofty expectations by winning three events at the Wisconsin Elite Invitational and two at the University of Northern Iowa Invitational. Sophomore jumper Michelle Bellford finally broke the ice for the University of Wisconsin in February when she erased the school record in the triple jump at the Tyson Invitational. Bellford’s jump, 41 feet 2 inches, eclipsed the nine-year-old record by six inches.Two more UW records were broken at the 2005 Big Ten Indoor Championships. Senior Courtney Bauer shattered the 20-pound weight throw by three feet with a lifetime best of 57 feet 2 3/4 inches. Sophomore Shuntia Lucas bested the 200-meter record by 12 hundredths of a second with a time of 24.3 seconds. Despite the record-setting efforts from Bauer and Lucas, the Badgers were not able to outlast Big Ten competition. Wisconsin finished the conference championship in eighth, the lowest indoor finish in school history. The Badgers scored just 50 points — 13 points shy of their seventh-place finish in 2004.It was a disappointing finish, but the Badgers were able to quickly regain focus. After regrouping for a week, UW opened the outdoor season with multiple event wins in Arizona at the Baldy Castillo Invitational. Bellford once again proved her dominance in the jumps by winning the long jump and triple jump. Following Bellford’s lead, junior Theresa Giorno won the high jump, clearing the bar at 5 feet 7 inches.From Arizona, the Badgers headed to Palo Alto to compete at the Stanford Invitational. At the invite, sophomore Katrina Rundhaug automatically qualified for the NCAA Outdoor Championships in the 10,000 meters by finishing 10th with a time of 33 minutes 45.03 seconds.The next big meet was held down south at the University of Tennessee. In Knoxville, the Badgers benefited from some southern hospitality, winning three events in two separate invites. At the Gatorade Invitational, Rundhaug continued to dominate the distance events by claiming the 3,000 meters in nine minutes 49.02 seconds. Giorno also continued to leap over the competition, adding another victory in the high jump. A week after the Gatorade Invitational, the quartet of Rundhaug, Amanda Ganser, Linsey Blaisdell and ‘A Havahla Haynes won the 4×1500-meter relay at the Sea Ray Relays. Wisconsin continued their relay win streak at the Northern Iowa Twilight by winning the 4×100-meter relay. The team of Bellford, Lucas, Lisa Oikarinen and Melissa Talbot outlasted the field by .11 seconds and finished with a time of 47.80. After helping her team win the relay, Lucas lit up the field in the 100-meter dash, breaking the 12-second mark and winning the event by three-tenths of a second. As the season began to wind down, the Badgers were able to qualify one more athlete for the NCAA Outdoor Championships. At the Drake Relays, Talbot finished second in the heptathlon with 5,275 points, automatically qualifying her for the championship meet. Her point total was the second-highest ever recorded by a UW athlete. Talbot and the rest of Stintzi’s squad will conclude the regular track and field season Saturday at the Wisconsin Twilight. The Twilight will be the last home meet for seniors Courtney Bauer, Andrea Lopez, Christina Taylor and Yael Peled. All four seniors specialize in the field events. Taylor and Peled both excel in the jumps, while Lopez is UW’s top pole-vaulter and Bauer is a UW record-holder in the throws. Following the Twilight, the Badgers will head to Columbus, Ohio, to compete in the Big Ten Championships. Last year, the Badger’s finished ninth. This season, Wisconsin has its sights set on a solid 5th-place finish. “Within the Big Ten, there’s a little bit of a separation in women’s track,” assistant coach Elizabeth Zimney said. “You’ve got a group like first through fourth place, which are pretty solid. To be honest with you, I don’t think we can crack that. Fifth through eighth is pretty close. I mean, we’re talking within 10 to 15 points. We would definitely much rather be fifth or sixth than eighth … so that’s something that we will pose to team as, hey, you know what, we didn’t pull it off indoors. We need to step up and we need to get this done.”The NCAA Outdoor Championships concludes the outdoor season. The national championship will be held June 8-11 in Sacramento, Calif. So far, the Badgers have eight athletes lined up to compete at the NCAA Midwest Regionals, all in hopes of advancing to the national championships.Over the course of the season, Stintzi has taken a young team and turned them into a mature squad with the potential to score respectively at the national level. “Coach Stintzi does a great job,” Zimney said. “His experience and leadership qualities are fabulous. And I think the team relies upon those skills and knows that they’re going to get the right direction from him.”last_img read more

Read More »