Indonesia attracts 4.1 billion USD worth of net inflow
Indonesia posted a net inflow of 4.1 billion USD from April to May 14, after recording a net outflow of 5.7 billion USD in the first quarter of 2020, said Bank Indonesia (BI) Governor Perry Warjiyo on May 19.
Bank Indonesia Governor Perry Warjiyo (Photo: BI)Hanoi (VNA) – Indonesia posted a net inflow of 4.1 billion USD from April to May 14, after recording a net outflow of 5.7 billion USD in the first quarter of 2020, said Bank Indonesia (BI) Governor Perry Warjiyo on May 19.
According to the official, the foreign capital inflow began to improve again from April 2020 driven by easing global financial market uncertainties, high competitiveness of domestic financial assets, and favourable outlook for the Indonesian economy.
Meanwhile, foreign exchange reserves increased to 127.9 billion USD at the end of April, which was equivalent to financing 7.8 months of imports.
The figure is more than enough to meet import and debt payments and exchange rate stabilization, Perry said.
The central bank also estimated the current account deficit in 2020 to be below 2 percent of gross domestic product (GDP) from an initial estimate of 2.5-3 percent of GDP./.
You should also see
NA Chairman addresses Australia - Vietnam Policy Institute
National Assembly Chairman Vuong Dinh Hue has expressed his delight to visit and address the Australia - Viet Nam Policy Institute (AVPI), the first agency in charge of conducting policy research and providing recommendations specifically on the Vietnam - Australia ties.
See more
World
Brussels exhibition celebrates EU-ASEAN 45-year ties
A multimedia exhibition is being held in Brussels, Belgium, to celebrate the 45th founding anniversary of relations between the European Union (EU) and the Association of Southeast Asian Nations (ASEAN), with its highlight being a community project named “Weaving the Ocean”.
World
Thailand: Finance Ministry says economy may miss 2023 forecast
The Thai Ministry of Finance has indicated that the Thai economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but said this year’s outlook should still be achieved.
World
Thai central bank continue to raise policy rate
The Bank of Thailand (BoT) on November 30 raised its policy rate by 25 basis points for a third straight meeting, as it sought to balance between controlling inflation and supporting an economic recovery.
World
ASEAN, Germany reaffirm commitment to spur cooperation
ASEAN and Germany renewed commitment to enhance cooperation under the framework of their development partnership, at the recent 6th ASEAN-Germany Development Partnership Committee (AG-DPC) Meeting held at the ASEAN Secretariat.
World
Indonesia needs 179 bln USD for upstream oil, gas industry
Indonesia's upstream oil and gas industry needs 179 USD in investment to meet the high demand for new and renewable energy to support the national energy transition, according to Upstream Oil and Gas Special Regulatory Task Force (SKK Migas).
