Indonesian Wild Foundation moves fresh investment concern

(Bloomberg) – It shouldn’t be opened in this way. Over a year ago, the optimism about Indonesia worked high, Prabowo Subianto’s former President Joko Widodone worked at a high level with investors to prolong the policies.

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Instead, they are now fighting Prabowo’s priorities to turn the nation’s finance to expensive prosperity plans and to hand over the economic activity of SAP. These concerns have stopped the first trade stop since the pandemic on Tuesday and the first trade of the Central Bank did not want to defend Rupia.

“We waited for the new president to continue this agenda, and instead, they saw a new priority,” he said, the Administration of Management in Global Investment LLC. “And this priority should still be identified and expressed yet.”

Thamoil added suspicions of the largest capital of Southeast Asia, which is 21% less than the September summit. On Tuesday, Veteran Finance Minister Sri Mulani Indrawati approached the potential resignation.

Indrawati rumors came violently, while the assumptions came in a careful moment. Indonesia has concerns about public finance, including initial budget deficit and 20% of government revenues. Outlook is uncertain in one of the absence of budget allocation plans and new income-generating measures.

Investors are forced to draw whether the blip or future of those sold.

The assessment Jakarta’s composite index was about 1% higher on Wednesday, wiping a short sale in the market on Wednesday. Investors also received a little news from the country’s securities regulator that facilitates the rules of purchase and sale of stock purchases in the next six months.

However, the Indonesian exchange remains one of the worst performances in the world, and investors still have questions about the existing government approach.

“Foreign investors are clearly sounded by Prabowo’s budget redistribution and the ability to protect the total financial discipline of the Ministry of Finance,” said Homan Lee, Macro Strategist in Lombard Odier Ltd.

Prabowo, while cutting costs elsewhere, tried to allocate funds for priority projects. Adding an investor’s concern is a new launched sovereign wealth fund with a direct report line to the President. The Foundation was afraid of political intervention and transparency risks to controlled companies in the JCI index.