Jakarta, CNBC Indonesia- The Central Statistics Agency (BPS) recorded a trade balance surplus in February 2024 of USD 870 million, but this was lower than January 2024 with a surplus of USD 2.02 billion.
Executive Director of Bank DBS Indonesia's Institutional Banking Group, Heru Gautama Hatman, assesses that the shrinking trade balance surplus is the impact of falling prices for Indonesia's mainstay export commodities and rising imports.
However, DBS Group is still optimistic about Indonesia's economic growth and becoming a destination country for banking business expansion in the oil and gas, energy, telco and mineral downstream sectors. It is hoped that the potential of the downstream sector to agriculture can support Indonesia's export performance and corporate banking sector business.
What are the prospects for the corporate banking sector amidst the decline in Indonesia's trade surplus? For further details, see Shinta Zahara's dialogue with the Executive Director of Institutional Banking Group Bank DBS Indonesia, Heru Gautama Hatman at Power Lunch,CNBCIndonesia (Thursday, 21/03/2024)