$10 billion in foreign direct investment after investment-grade status

[vc_row][vc_column][vc_row_inner][vc_column_inner][mk_image src=”https://invest-islands.com/wp-content/uploads/2017/06/foreign-investment-indonesia.jpg” image_size=”full” align=”center” margin_bottom=”30″][mk_fancy_title size=”35″ font_family=”none”]Investment grade status | The Invest Coordinating Board (BKPM) estimates Indonesia may see an additional $10 billion in foreign direct investment over the next two years after the country secured investment-grade status.[/mk_fancy_title][vc_column_text]

The outlook for Indonesia’s sovereign bonds was lifted by global rating agency S&P’s last week, allowing the country to secure the coveted investment grade status from all three major debt rating agencies for the first time since 1997.

“The investment grade potentially attract $5 billion to $10 billion, or Rp 65 trillion to Rp 130 trillion, in the next year or two. It certainly improves our investment climate,” BKPM chairman Thomas Trikasih Lembong said on Tuesday (24/05).

Thomas said although the rating was for Indonesia bonds – and directly impacts appetite for the country’s debt papers or stocks – it also reflects on the country’s overall economic strength and how safe it is for investment.

#Indonesia attracted Rp 396 trillion in foreign direct investment last year, up 8.3 percent from a year earlier.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][mk_padding_divider][vc_row_inner][vc_column_inner][vc_column_text]Source Article :

http://jakartaglobe.id/business/indonesia-expects-10b-fdi-boost-from-sp-rating-upgrade/[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][/vc_row][vc_column][/vc_column][vc_column_text][/vc_column_text]

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