Coordinating Minister for Economy: Foreign Investor Confidence Begins to Recover

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Sabtu, 20 Oktober 2018 03:47 WIB

TEMPO Interactive, Jakarta:Coordinating Minister for Economy Dorodjatun Kuntjoro-Jakti has called on entrepreneurs not to make existing foreign investors disappointed. According to the minister, the low percentage of foreign investment in the Indonesian capital market is because investor confidence has been low. “And now investor confidence has begun to recover,” the minister told reporters after opening the first session of trading at the Jakarta Stock Exchange (JSX) on Monday morning (1/7). However, capitalization at the Indonesian money market remains low with the index value multiplied by trade volume only totaling US$35 billion. According to the Minister, Indonesia needs direct investment – not only investment in the form of shares but also mutual funds. Dorodjatun went on to say that the unstable condition in global capital markets, such as in London and Tokyo, has influenced investment in Indonesia. “Unstable conditions in foreign capital markets has made investors turn to short term investments,” he said. (Budi Riza--Tempo News Room)

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