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28 Jul 2021

Indonesia: Solid increase in FDI in Q2 – UOB

Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assess the latest FDI figures in the Indonesian economy during the second quarter.

Key Quotes

“Indonesia’s direct investment rose by 16.2% y/y in April – June 2021 period vs. 4.3% in the previous quarter, underpinned by the positive performance of both, foreign direct investment (FDI) and domestic direct investment (DDI).”

“Singapore remained as the largest foreign investor in Indonesia, with investment valued at USD 2.1bn for 3,821 projects, followed by Hong Kong at USD 1.4bn for 615 projects.”

‘By sector, housing-industrial-estate-and-office-building were the largest recipients of DDI in 2Q21, valued at IDR 20.5tr (USD 1.4bn). Meanwhile, metal (except machinery and equipment) was the leading sector for FDI at USD 1.8bn.”

Jul 28, 2021

Fed Decision: Five things to watch – Nordea

“The Fed meeting tonight will likely not lead to a decision on tapering, but a lot of technical issues are on the table, which makes the meeting super

GBP/USD flirts with two-week tops, eyes 1.3900 mark ahead of FOMC

The GBP/USD pair traded with a mild positive bias through the first half of the European session, with bulls still awaiting a sustained move beyond th