Foreign Investments on Hold Until Election Over
Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO Jakarta
"Many foreign investors are postponing their investment plans; waiting for the election result," Bank Permata economist Josua Pardede told Tempo on Tuesday, February 14.
Josua said investors are taking into account how the election results may affect their future business plans and sustainability. "As well as mass protests that may block foreign investments from entering Indonesia," he said.
Additionally, he said, investors are hoping the election to run smoothly.
Josua said the election will not have much effect on household consumption. However, he said it will increase the spending of non-profit organizations that serve households.
GHOIDA RAHMAH
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