Indonesian stocks heading for best winning streak in quarter century

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Nation’s currency and bond also set to climb as President Jokowi looks to tougher economic reforms. FMTNews Indonesia

JAKARTA: With a 10th day of gains, Indonesian stocks are heading for their longest run of advances since 1995 as the nation’s currency and bonds also climbed on bets President Joko Widodo will pursue tougher economic reforms in his second term.

Jokowi, as Widodo is known, has pledged to boost investment and make it easier to do business after being sworn in for a second five-year term on Sunday. The president has reappointed veteran Finance Minister Sri Mulyani Indrawati to the post and brought in business tycoons and technocrats to handle key economic ministries.“We believe the new cabinet is decent and could further support reforms going forward,” said Ferry Wong, an analyst at the US bank.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Breaking News: Meantime in Malaysia the PH government is still battling and grappling with deteriorating race and religion rhetoric; including having to deal with a young upstart minister displaying his gumption domestically but does not have the balls to offend China.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines