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Foreign investors reflect a stable economy: Minister
Finance Minister Chatib Basri said the growing presence of foreign investors in Indonesia indicates that the condition of the economy is relatively stable
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inance Minister Chatib Basri said the growing presence of foreign investors in Indonesia indicates that the condition of the economy is relatively stable.
'Foreign investors have started to come to the country again. I've seen the symptoms. Pak Governor [Bank Indonesia] said exporters had also begun to supply their dollars. The foreign currency markets have also started to sell their dollars. This shows we are more stable now,' said Chatib after a coordination meeting at Bank Indonesia (BI) in Jakarta on Thursday, as quoted by Antara news agency.
Chatib said the stabilizing of the economy could be seen in the decline of yield from 8.3 percent to 7.8 percent.
The minister also said national economic growth, which was within a range of 6 percent, would remain the highest in Asia after China whose economy grew 7.7 percent.
Chatib said the stock index, which stood at 9.8 percent, remained in the positive area unlike Singapore and Thailand.
He said that he was optimistic that inflation, due to volatile food prices, would decrease in September. 'In September, inflation will be relatively low. After that, we even hope that there will be a deflation,' said Chatib. (ebf)
