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View all search resultsSingapore-based Golden Gate Ventures founding partner Vinnie Lauria said she believed the growing world uncertainty would not hurt flows of global investments but could instead boost investment in Indonesia and other countries in Southeast Asia.
Unfavorable global economic conditions have not seemed to deter companies from entering the country’s stock market, with some having announced their plans to list their shares on the Indonesia Stock Exchange (IDX) later this year.
The current account deficit, the main cause of the vicious macroeconomic cycle and the main source of downward pressure on the rupiah to as low as 15,000 to the dollar last October, was among the main issues discussed at two separate conferences here last week.
The Chamber of Commerce and Industry (Kadin) says reduced household spending is likely to persist next year as people chose to save their money due to wariness over the economic condition and political uncertainty, with regional elections being held next year and a general election in 2019.
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