Foreign funds start to return to economy
Bank Indonesia economist Wiwiek Sistowidayat said that about US$500 million of foreign money has entered Indonesia through the stock market during the last few weeks. Sistowidayat added that an additional US$5 million made its way to the economy to purchase the government’s sovereign bonds.
Several weeks ago, Bank Indonesia Governor Budiono predicted that foreign funds will return to the market as investors decide to buy up undervalued stocks that offer good returns.
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