Incentives Can Promote Positive Investor Sentiment
The government’s decision to not revise the 2018 state budget despite changes in some of the macroeconomic assumptions will have no significant impact on the investment climate. Amid global economic uncertainty, investors need long-term fiscal incentives.
JAKARTA, KOMPAS – The government’s decision to not revise the 2018 state budget despite changes in some of the macroeconomic assumptions will have no significant impact on the investment climate. Amid global economic uncertainty, investors need long-term fiscal incentives.
On Thursday, the Jakarta Composite Index (JCI), the main price benchmark on the Indonesia Stock Exchange (IDX), increased for the fourth consecutive day. The JCI rose 0.24 percent to close at 5,907.87. Foreign investors booked a net buy of Rp 136.87 billion. Nevertheless, since the beginning of the year, foreign investors still booked net sales of Rp 50.53 trillion.
According to the Jakarta Interbank Spot Dollar Rate, the rupiah weakened to Rp 14,435 per US dollar.