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Malaysia Sun
01-07-2025
- Business
- Malaysia Sun
Indonesia sees 14 pct surge in foreign tourist arrivals in May 2025
JAKARTA, July 1 (Xinhua) -- Indonesia recorded a sharp increase of 14.01 percent year-on-year in foreign tourist arrivals, reaching a total of 1.31 million visits in May 2025, Statistics Indonesia (BPS) announced on Tuesday. "Most foreign tourists came from Malaysia at 18.26 percent, followed by Australia at 11.31 percent and Singapore at 9.68 percent," said Pudji Ismartini, deputy for distribution and services statistics at BPS, during a press conference. The main entry point for foreign tourists in May was I Gusti Ngurah Rai Airport in Bali, primarily visited by travelers from Australia, India, and China, partly driven by events such as the Bali Spirit Festival and the Bali Training Ultra trail run. Other major entry points included Soekarno-Hatta Airport in Tangerang, Hang Nadim Airport in Batam, Juanda Airport in Surabaya, and Kualanamu Airport in North Sumatra. In contrast, domestic tourist trips in May climbed by 17.81 percent year-on-year to 97.67 million trips. Cumulatively, from January to May, foreign tourist arrivals in Indonesia reached 5.63 million, up 7.44 percent compared to the same period last year, while domestic tourist trips in the same period totaled 508.67 million, an increase of 16.13 percent year-on-year.
Business Times
01-07-2025
- Business
- Business Times
Indonesia's exports rally in May boosts trade surplus, but US tariff risks still loom
[JAKARTA] Indonesia's exports rebounded in May after a lacklustre April, giving the country's trade surplus a shot in the arm. But while the recovery offers a glimmer of hope, analysts note that dark clouds remain on the horizon amid lingering uncertainty around the United States' tariffs. Data released by the Indonesian statistics agency on Tuesday (Jul 1) showed that exports surged 9.68 per cent year on year (yoy) in May, far exceeding the 0.4 per cent rise expected in a Reuters poll. The recovery was powered by strong shipments of palm oil, basic metals, jewellery, semiconductors and organic base chemicals, said the agency's deputy of statistics, Pudji Ismartini. The export surge pushed the country's trade surplus to US$4.3 billion in May, a dramatic turnaround from just US$160 million the month before. Indonesia's exports of iron and steel to China rose by 31.56 per cent, even as looming US tariff threats clouded the trade outlook. Still, analysts believe the rebound may prove fragile. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up ' US tariffs on Chinese goods, though reduced to 30%, are still elevated compared to pre-trade war levels. This continues to weigh on global demand and Indonesia's exports, particularly as commodity prices soften and China's economic slowdown persists. ' — Josua Pardede, chief economist at Permata Bank While US-China trade tensions have eased following a recent agreement, uncertainty continues to hang over several countries, including Indonesia, as US President Donald Trump's Jul 9 deadline on tariff reviews approaches. The US has signalled that extensions are unlikely, raising concerns over possible new duties. 'Despite the easing tensions, Indonesia continues to face external headwinds,' said Josua Pardede, chief economist at Permata Bank. 'US tariffs on Chinese goods, though reduced to 30 per cent, are still elevated compared to pre-trade war levels. This continues to weigh on global demand and Indonesia's exports, particularly as commodity prices soften and China's economic slowdown persists.' South-east Asia's largest economy faces steep tariffs of 32 per cent under Trump's trade measures. Radhika Rao, senior economist at DBS, said that the strong exports in May likely reflected the continued front-loading of demand ahead of the July deadline, with shipments to the US, in particular, growing by double digits. Indonesia's shipments of machinery and electronic equipment to the US rose by 18 per cent between January and May, while its imports of mechanical machinery and equipment from China increased 22.9 per cent over the same period. 'Imports from China have also risen, suggesting rerouting of exports through the region to take advantage of the tariff differential,' Radhika said. Indonesia's imports grew 4.14 per cent yoy, though they edged down by 1.32 per cent on a monthly basis, cooling off after a notable spike in April. One of the biggest drops came from precious metals, with imports plunging 78.39 per cent month on month. This likely reflected waning gold appetite in May as trade tensions began to ease. Weaker domestic demand is helping to contain import growth, preserving a healthy trade surplus, Pardede said. Meanwhile, falling oil prices amid de-escalation in the Middle East are also providing some relief to the country's external balance. Indonesia's exports of crude and refined palm oil soared 53 per cent yoy in May, reaching 1.88 million tonnes, driven by strong demand from India. Inflation remains on target On the inflation front, consumer prices crept up by 1.87 per cent yoy in June, snapping back after a brief dip into deflation in May, official data indicated. Volatile food inflation spiked, driven by a jump in prices of household staples such as shallots, rice, tomatoes, and bird's eye chillies. Annual headline consumer price index (CPI) inflation picked up pace in June, rising to 1.87 per cent yoy from 1.6 per cent in May. Meanwhile, core CPI inflation held steady, falling slightly to 2.37 per cent yoy from 2.4 per cent the previous month. Administered price inflation crept up, fuelled mostly by higher airfares during the school holiday rush, though this was tempered by a drop in non-subsidised fuel prices after official price tweaks. Pardede noted that inflation is expected to stay within Bank Indonesia's target range of 1.5 to 3.5 per cent until the end of 2025. He said the impact of rupiah depreciation on inflation, or imported inflation, is gradually fading as global uncertainties ease. 'Risks tied to the 'trade war 2.0', especially reciprocal tariffs, have eased following the US-China trade agreement, encouraging capital inflows. This has helped soften the risk of inflation passing through from producers to consumers.'
Malaysia Sun
02-06-2025
- Business
- Malaysia Sun
Indonesia sees 9 pct rise in foreign tourist arrivals in April
Xinhua 02 Jun 2025, 16:45 GMT+10 JAKARTA, June 2 (Xinhua) -- A total of 1.16 million visitor arrivals were recorded in Indonesia during April, up 9.15 percent year-on-year, according to the latest data released by Statistics Indonesia. Malaysia was the largest source of visitors during the month, followed by Australia and the Chinese mainland, according to the agency's deputy for distribution and services, Pudji Ismartini, who spoke at a press conference on Monday. She also reported that the cumulative number of foreign tourist arrivals between January and April was approximately 4.3 million visits, representing a 5.6 percent increase compared to the same period last year. The Southeast Asian country aims to receive up to 16 million foreign tourist arrivals in 2025.
The Star
02-06-2025
- Business
- The Star
Tourism rising - Indonesia sees nine per cent rise in foreign tourist arrivals in April; Malaysians largest source of visitors
JAKARTA (Xinhua): A total of 1.16 million visitor arrivals were recorded in Indonesia during April, up 9.15 per cent year-on-year, according to the latest data released by Statistics Indonesia. Malaysia was the largest source of visitors during the month, followed by Australia and the Chinese mainland, according to the agency's deputy for distribution and services, Pudji Ismartini, who spoke at a press conference on Monday. She also reported that the cumulative number of foreign tourist arrivals between January and April was approximately 4.3 million visits, representing a 5.6 percent increase compared to the same period last year. The South-East Asian country aims to receive up to 16 million foreign tourist arrivals in 2025. - Xinhua
