The yin and the yang of IndonesiaÆs economic woes is that whilst importers are twiddling their thumbs, Indonesian exporters are scrambling to fill orders. Indonesian exports rose 5.2% month on month to $4.6 billion in February alone, widening the trade surplus to $2.53 million, the highest figure in seven months. Leading the charge are non-oil and gas commodities, which accounted for 75% of the growth in exports. IndonesiaÆs former Minister of Industry and Trade, Yusuf Kalla predicted that this yearÆs exports would exceed the target figure of $60 billion, despite the ineffective banking system, which is a strong indication of how buoyant the export market is.
Indonesian banks have taken rather spectacular dives...
