Indonesia records Rp3,923.2 trillion in investment over two years
Investment rose about 31 per cent compared with the previous two-year period and generated employment for 5,485,944 people, government figures show.
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Investment rose about 31 per cent compared with the previous two-year period and generated employment for 5,485,944 people, government figures show.
OJK chair Friderica Widyasari Dewi called it the strongest growth in 10 years, while Bank Indonesia separately reported September growth of 13.26%.
Sales reached Rp8.9 trillion, while the company reported a fifth consecutive quarter of volume growth.
Turnover reached Rp8,958.87 billion, while MSCI’s possible reclassification of Indonesia remained under consultation.
The plan covers up to 2.41 per cent of issued shares and will proceed without approval from a general meeting of shareholders.
Lending standards are forecast to ease but remain restrictive, while banks have raised their estimate for full-year loan growth to 8.20 per cent.
A separate 100 GWp solar programme is also being advanced as the government prepares for rising electricity demand from data centres.
Bank Indonesia is monitoring capital outflows and offering hedging incentives as it seeks to draw foreign funds back into domestic assets.
The Malaysian parent said no decision or formal proposal had been made, following reports about a possible delisting of its Indonesian subsidiary.
The investment body wants to increase its holdings in state-owned companies, citing valuations, growth prospects and potential returns.