Indonesia posts trade surplus in June

Indonesia recorded a trade surplus for the seventh consecutive month in June, official data showed Wednesday, due to a steep fall in imports in Southeast Asia's top economy. The country's statistics agency said Indonesia posted a narrower surplus of $477 million compared to a revised $1.08 billion recorded in May. Exports in June slid 12.70 percent on-year to $13.44 billion while imports plunged 17.42 percent, down $12.96 billion from a year before. "The surplus occurred due to a