Rupiah Strengthened and IHSG Rebound, Business Actors Value Investor Confidence to RI Starting to Recover

Illustration. (Photo: Dok. Antara)

JAKARTA = The positive movement of the financial market in recent days is considered a signal of improving investor sentiment towards the Indonesian economy.

The strengthening of the rupiah exchange rate against the US dollar and the rebound of the Composite Stock Price Index (IHSG) are said to reflect the beginning of the recovery of market confidence amid various global challenges.

The General Treasurer of West Jakarta and entrepreneur, Noverizky Tri Putra, assessed that the development showed that the national economic fundamentals were still in a relatively strong condition.

"The strengthening of the rupiah and the improvement of the JCI are positive signals that investor confidence in Indonesia remains intact. This shows that the market sees a clear policy direction and optimism about the future of the national economy," said Noverizky in a written statement, Friday, June 19.

According to him, the market is now beginning to respond to various government steps in maintaining economic stability amid global uncertainties triggered by geopolitical tensions, slowing world economies, and international trade dynamics.

Noverizky assessed that President Prabowo Subianto's government was building the foundation for long-term growth through a number of strategic programs, ranging from industrial downstreaming, strengthening food security, increasing investment, to human resource development.

He emphasized that the impact of economic policies cannot be assessed in the short term because it takes time to provide optimal results.

As a business actor, Noverizky still sees Indonesia's economic prospects as promising.

According to him, the large domestic market, demographic bonuses, wealth of natural resources, and Indonesia's strategic position in the Asian region are the main supporting factors for future economic growth.

"Investors are basically looking for certainty. When the government is able to maintain political stability, regulatory certainty, and policy consistency, then confidence will continue to increase," he said.

He added that the positive signals from the current financial market needed to be maintained as momentum to strengthen optimism about the prospects for the national economy in the medium and long term.