Business · Markets · 12 hrs ago
Foreign investors put Rp127.6 trillion into Indonesia in 2026
Finance Minister Suahasil Nazara said Indonesia received Rp127.6 trillion in foreign investment from the start of 2026 through November 11.
This came as investors pulled money from many developing economies and shifted funds toward richer countries, amid high oil prices and rising central bank interest rates.
In Indonesia, government bonds and Bank Indonesia securities drew investment, with inflows of Rp43 trillion and Rp182.4 trillion respectively.
But the stock market lost Rp97 trillion to foreign withdrawals.
Suahasil linked the stock outflows partly to a notice issued by global index provider MSCI on October 16, 2026.
The government says competitive returns on bonds and central bank securities have helped keep total investment flows positive.
Officials hope to address the MSCI issue and reduce pressure on the stock market, but gave no timeline.
Foreign investors had put Rp127.6 trillion into Indonesia by 11 November 2026, according to Finance Minister Suahasil Nazara.
The total was supported by inflows into government bonds and Bank Indonesia rupiah securities, while the stock market recorded a year-to-date outflow.
Suahasil said competitive yields on the debt instruments helped keep overall foreign inflows positive.
He linked the stock-market outflow to concerns following an MSCI notice issued on 16 October.
- Who
- Foreign investors. Finance Minister Suahasil Nazara reported the figures.
- What
- Foreign capital inflows to Indonesia reached Rp127.6 trillion year to date by 11 November 2026.
- When
- By 11 November 2026.
- Where
- Indonesia.
- Why
- Competitive yields on government bonds and Bank Indonesia rupiah securities helped attract funds. Suahasil linked stock-market outflows to concerns following an MSCI notice.
This story does not have two clearly opposing sides.
Incoming bids at a government bond auction reached Rp64.8 trillion.
MSCI issued a notice proposing consultation on downgrading Indonesia to standalone market status.
Incoming bids at a government bond auction fell to Rp31.09 trillion.
Incoming bids at a government bond auction rose to Rp79.71 trillion.
Foreign capital inflows to Indonesia reached Rp127.6 trillion year to date.
- Total foreign inflows
- Rp127.6 trillion by 11 November 2026
- SRBI inflow
- Rp182.4 trillion year to date
- Stock-market outflow
- Rp97 trillion year to date
- SBN inflow
- Rp43 trillion year to date, according to CNBC Indonesia; Rp42 trillion, according to CNN Indonesia
- MSCI notice
- 16 October 2026
2 sources
What people are saying
Despite the MSCI notes, we see that foreign capital inflows into Indonesia have been maintained
The cumulative inflow in 2026 through 11 November is Rp127.6 trillion
Government bonds are being bought by foreign investors, then there are inflows into SRBI, and there has started to be an inflow into stocks, but it is very limited
The state budget is managed credibly. We cannot undermine the credibility of economic management and state budget management. This is what we must continue to do