Indonesia Economy to Grow 5.8% in Q3: Economists

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Oct. 21 (Bloomberg) –- Bloomberg’s Kania Sutisnawinata reports on what’s moving markets in Indonesia. She speaks to Rishaad Salamat on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)

Half an hour.

Jakarta.

Standing by.

Well, what is the big story there?

Hey, good morning.

Indonesian shares started in the green territory rising about 0.3%. expectations that inflation data for september may continue to ease.

Positive futures index this morning the best gauge.

Foreign investors will likely stay cautious and reduce their portfolios here.

Foreign investors are sellers off 133 million u.s. dollars.

One point one trillion rupees since the beginning of the year.

That is their cautious steps.

Most economists surveyed expect the economy to grow by 5.8% in the third quarter slowing from 6.2% in the second quarter due to higher interest rates as well as a week rupiah.

They expect current accounts to increase.

After rising to a record of 4.4% in the second quarter this year.

Among the gainers, shares and -- in to give a $500 million and refinancing debt.

We are looking at a core producer.

It shows the number one percent to sell stakes.

-- 1% to sell stakes.

It is now down about the same.

That is all we have a from jakarta.

Back to you.

This text has been automatically generated. It may not be 100% accurate.

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