By Reuters Staff
(Adds details, comments from the head of BKPM)
JAKARTA, April 26 (Reuters) - Foreign direct investment (FDI) into Indonesia rose 14% in rupiah terms in the first three months of 2021 on the year, data from investment board BKPM showed on Monday.
FDI stood at 111.7 trillion rupiah ($7.72 billion) for the period from January to March, it added.
Including domestic investment, total direct investment in the first quarter amounted to 219.7 trillion rupiah, up 4.3% from the year-earlier period.
“This shows things have begun to stabilise,” the board’s chief, Bahlil Lahadalia, told an online news conference.
“This shows the trust the world has for Indonesia and foreign investors’ activities have begun to normalise and have begun to adapt with the development of the COVID-19 pandemic.”
By Reuters Staff
2 Min Read
April 22 (Reuters) - Foreign inflows into Japanese stocks slowed in the week ended April 16, on concerns about the economic slowdown due to a resurgence of coronavirus cases in Japan.
Overseas investors bought 27.4 billion Japanese yen ($253.73 million) worth of stocks last week, after purchasing 575 billion yen in the previous week, data from Japanese exchanges showed on Thursday.
They bought a net 58 billion yen worth of derivatives, but sold 31 billion yen in cash equity markets in the last week, the data showed.
Japanese shares have declined this week as investor fears about potential lockdowns in the country’s biggest cities cast doubts over the prospects of an economic reopening.
By Reuters Staff
2 Min Read
FILE PHOTO: Central Bank of Egypt s headquarters is seen amid the coronavirus disease (COVID-19) pandemic in downtown Cairo, Egypt February 25, 2021. REUTERS/Mohamed Abd El Ghany
CAIRO (Reuters) - Egypt’s current account deficit widened to $4.8 billion in October-December from $3.2 billion in the same period in 2019, according to central bank figures released on Monday.
Remittances from Egyptian workers abroad rose to $7.49 billion in October-December from $6.96 billion a year earlier, while tourism revenues plunged to $987 million from $3.1 billion, Reuters calculations based on the central bank figures showed.
Egypt’s economy slowed significantly due to the impact of the coronavirus pandemic, though unlike many other countries it remained in growth.
Governor says global recovery stronger than expected But trims 2021 domestic GDP forecast to 4.1%-5.1% from 4.3%-5.3% Says to keep strengthening measures to support rupiah (Adds more remarks by the central bank governor, economist comment)
JAKARTA, April 20 (Reuters) - Indonesia’s central bank kept its main policy rate at a record low on Tuesday and trimmed its 2021 growth forecast for Southeast Asia’s largest economy, while pledging to strengthen measures to keep the rupiah currency stable.
Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate at 3.50%, where it has been since February and as expected by all 27 analysts in a Reuters poll.
All 27 expect BI keeping key rate at record low of 3.50% All 23 giving end-year views expect no change BI has reduced rates by 150 bps during pandemic Decision due on Tuesday, April 20, around 0700 GMT
JAKARTA, April 16 (Reuters) - Indonesia’s central bank is expected leave its key policy rate unchanged at a record low for the rest of the year to support an economic recovery, while trying to maintain financial market stability, a Reuters poll showed on Friday.
Bank Indonesia (BI) will keep the 7-day reverse repurchase rate at 3.50% at a policy meeting on Tuesday, where it has been since February, all 27 analysts surveyed by Reuters said.