Indonesia posts $710 mn trade surplus in January

Indonesia posted a higher-than-expected trade surplus in January as global oil prices slumped, government data showed Monday. Southeast Asia's biggest economy saw exports slide 8.09 percent on-year to $13.30 billion and imports sank 15.59 percent to $12.59 billion. "The drop was due to the sharp fall of the (global) oil prices," Statistics Agency chief Suryamin, who goes by one name, said. Indonesia's economy expanded 5.0 percent last year, a sharp slowdown from the 5.8 perce