BI: Net foreign capital entering Indonesia IDR 1.01 trillion

BI: Net foreign capital entering Indonesia IDR 1.01 trillion

Bank Indonesia (BI) said net inflow of foreign capital in the domestic financial market reached IDR 1.01 trillion during the period 19-22 February 2024.
 
 
Head of the BI Communications Department, Erwin Haryono, said in Jakarta, Friday, that this value consisted of a net inflow of foreign capital in the stock market of IDR 2.08 trillion, while a net outflow of foreign capital in the Government Securities (SBN) market and in Bank Indonesia Rupiah Securities (SRBI). ) amounting to IDR 0.19 trillion and IDR 0.88 trillion respectively.
 
 
With this development, Erwin said that from January 1 2024 to February 22 2024, total net incoming foreign capital in the stock market reached IDR 23.26 trillion and in SRBI IDR 25.30 trillion, while net foreign capital leaving in the SBN market reached IDR 5.87 trillion.
 
 
In addition, the investment risk premium or 5-year credit default swaps (CDS) premium for Indonesia as of February 22 2024 was 67.59 basis points (bps), down compared to February 16 2024 which was 69.57 bps.
 
 
At the start of trading on Friday (23/2) the Rupiah opened at IDR 15,595 per US dollar, weaker than the closing of trading on Thursday (22/2) which was IDR 15,585 per US dollar. The US dollar index also fell to 103.96 at the end of trading Thursday (22/2).
 
 
The 10-year tenor Indonesian SBN yield fell to 6.54 percent. Meanwhile, the yield on US debt securities, aka US Treasury Notes with a tenor of 10 years, rose to 4.320 percent.
 
BI, said Erwin, continues to strengthen coordination with the government and related authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability to support sustainable economic growth.



A Tachileak online casino was raided and arrested

Thailand - Myanmar border Tachilek residents told RFA that military council troops raided an online casino west of the 1G1 hotel in Sansai (a) Ward, Tachilek City at one o'clock in the morning on February 23, and arrested more than a hundred people.

A Tachilek resident, who did not want to be named for security reasons, told RFA that the casino that was raided was opened ten years ago.

"Yes, it was caught. 1G1 behind that station. It has been open for about a decade. The place was opened as a casino. I was arrested in the morning."

They are said to have been raided and arrested by military council soldiers and police.

Locals said that among those arrested were some Burmese nationals working in the workshop, as well as Thai and Chinese nationals. He said he saw them being taken away in two police cars of the Military Council. But how many Myanmar nationals were among those arrested? It is currently unknown how many Chinese and Thai nationals are included.

There are 11 wards in the Thai-Myanmar border town of Tachilek, and in some wards and large areas of the village, there are hundreds of online gambling businesses, and they operate in homes and hotels, said another Tachilek resident who did not want to be named.

"Houses are rented outright. Then, in the case of hotels, they also rent floors outright. There are also Chinese and Thai people."

Most of the online money laundering businesses in Tachileik city are named as gambling halls, and some residents and Thai, Locals also said that Chinese citizens are leading the work.

Locals also said that this arrest is the first time.

On the morning of February 23rd, the Military Council has not released anything regarding the arrest, and RFA contacted Shan State's acting Shan State Minister of Economy U Khun Thein Maung by phone, but he did not receive an answer.

The military council's propaganda telegram channels stated that the people who were arrested in the morning of February 23rd in Tachilek City were online fraudsters known as tigers and were raided by security forces.

As for the military council, 2023 From October 5, 2024 As of February 8, state-run newspapers said on February 9 that more than fifty thousand (50,691) foreigners, including the majority of Chinese nationals, who came and lived illegally from border areas have been transferred back to their respective countries.

Among those transferred, 48,803 were Chinese nationals. 1071 Vietnamese citizens 537 Thai citizens 133 Malaysian citizens A total of 50,691 people were transferred, including 20 Koreans and 18 Laotians, he said.

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