Prabowo-Gibran’s Triumph Attracts Foreign Capital Despite Sluggish Rupiah

During this year's democratic celebrations, the Indonesian capital market experienced a surge in funds from foreign investors. However, despite this influx, the rupiah displayed weakness following the announcement of trade data.

Maria Elena & Artha Adventy

19 Feb 2024 - 21.06
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Prabowo-Gibran’s Triumph Attracts Foreign Capital Despite Sluggish Rupiah

Bisnis, JAKARTA - During this year's democracy celebrations, the Indonesian capital market experienced a surge in funds from foreign investors. However, despite this influx, the rupiah displayed weakness following the announcement of trade data.

Bank Indonesia (BI) reported foreign capital inflows amounting to IDR 4.07 trillion in the domestic financial market during the third week of February 2024.

The influx of foreign funds surged following predictions from various survey institutions that the 2024 election would be settled in a single round, favoring the Prabowo-Gibran pair, who campaigned on sustainability.

This victory was subsequently confirmed by the calculation system of the General Election Commission (KPU), with 66.61% of data entered as of Friday (17/2/2024) at 19.30 WIB.

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