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View all search resultsBank Indonesia has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond and forex markets so far this month as big sell-offs sent stock markets around the world into a tailspin amid fears over the global spread of the coronavirus.
“This virus has caused a systemic, massive and structural impact [on the global economy]. So, if the outbreak continues until March, I think there will be an impact on our investment [realization],” he told media in Jakarta.
The Investment Coordinating Board (BKPM) and the Indonesia Stock Exchange (IDX) signed on Tuesday a memorandum of understanding (MoU) that will enable the bourse to guide both foreign and domestic businesses to conduct initial public offerings.
The full scale of United States investment in Indonesia is not often evident from official government figures. Statistics from the Investment Coordinating Board (BKPM) only attributed US$7.78 billion worth of investments to the US from 2013 to 2017. This is far from a complete picture.
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