Businessicy – Bank Indonesia (BI) has reported a significant inflow of foreign capital during the final week of August 2024. Since the beginning of the year, there has been a notable influx of foreign investment into Indonesia.
Bank Indonesia’s Assistant Governor, Erwin Haryono, detailed that from August 26 to August 29, 2024, non-residents recorded a net purchase of IDR 6.21 trillion in the domestic financial market.
“Non-residents made a net purchase of IDR 6.21 trillion, consisting of IDR 3.89 trillion in the stock market, IDR 1.56 trillion in SRBI (Sukuk Ritel Indonesia), and IDR 0.76 trillion in government bonds (SBN),” Erwin stated, as reported by Bank Indonesia’s official website on Sunday, September 1, 2024.
Erwin further noted that as of August 29, 2024, non-residents had made a net purchase of IDR 187.66 trillion in SRBI, IDR 12.79 trillion in the stock market, and IDR 9.20 trillion in government bonds.
“Bank Indonesia continues to enhance coordination with the Government and relevant authorities, as well as optimize its policy mix to support Indonesia’s external economic resilience,” Erwin added.
Additionally, as of August 30, 2024, Indonesia’s 5-year CDS (Credit Default Swap) premium stood at 65.87 basis points, down from 66.86 basis points on August 23, 2024. The rupiah closed at IDR 15,410 per US dollar, while the yield on 10-year government bonds fell to 6.61%.
BI Promotes 3 Indonesian Investment Projects at US Business Forum
Bank Indonesia (BI) promoted three strategic investment projects at the “Indonesia Business Forum” held in Washington D.C., USA, on August 26, 2024.
This promotion underscores Bank Indonesia’s commitment to supporting efforts by various ministries and agencies to attract foreign capital through investments in the real sector.
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During the forum, Filianingsih outlined five reasons to invest in Indonesia: strong economic growth with positive prospects, stable macroeconomic fundamentals, the Indonesian Government’s commitment to structural reforms for a conducive investment climate, accelerated digitalization of the economy and finance, and the development of inclusive and sustainable economic growth.
The business forum continued with a panel discussion featuring the Deputy for Economic Affairs at the Coordinating Ministry for Economic Affairs, the Head of BI’s New York Representative Office, the Deputy Minister of Investment, and the Secretary General of the Ministry of Industry.
The discussion covered topics such as the performance of foreign direct investment (FDI) in Indonesia, the country’s economic developments, and government policy support for enhancing investment flows in the real sector.
Through these activities, it is hoped that the bilateral relationship between Indonesia and the United States in investment and trade will be further strengthened, supporting efforts to create synergies for sustainable and inclusive economic growth in both countries in the future.
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