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Jakarta Post

Indonesia determined to restore investor confidence

  • Winny Tang

    The Jakarta Post

Jakarta   /   Mon, May 14, 2018   /   02:05 pm
Indonesia determined to restore investor confidence Police and military personnel work at the site of a blast at a low-cost apartment complex in Sidoarjo, East Java, just hours after a series of blasts targeting churches in the neighboring city of Surabaya, on May 13. (AFP/Juni Kriswanto)

With the Finance Ministry determined to restore investor confidence, it hopes the recent bomb attacks in Surabaya, East Java, do not have a long-term impact on the economy.

"The government will act quickly regarding this issue in order to minimize the impact on the country's economy," Luky Alfirman, the ministry's financing and risk management director general, said in Jakarta on Monday.

The Jakarta Composite Index (JCI) slipped 0.76 percent to 5,911.79 in the first trading session on Monday.

All sectors slumped, while the rupiah exchange rate weakened 0.23 percent to Rp 13,988 against the US dollar on Monday afternoon.

Four suicide bombings have occurred in the past two days in the East Java capital of Surabaya, the country's second- largest city, killing at least 14 people and injuring dozens of others.

On Monday Morning, police personnel were deployed to safeguard Santa Anna Catholic Church in Duren Sawit, East Jakarta, following a report of a possible bomb at the location. (bbn)