Market Outlook 2024: Investment Climate During the Transition Period Expected to Remain Favorable

PT Mandiri Manajemen Investasi (Mandiri Investasi) forecasts that the investment climate in the second half of 2024 will remain favorable and potentially offer optimal returns for investors, supported by President Joko Widodo's administration during this transitional period in maintaining national economic growth. At the Mandiri Investasi Market Outlook 2024 event, themed "Cruising the Crossroads on the Narrow Strait," Deputy Minister of State-Owned Enterprises (BUMN) Kartika Wirjoatmodjo stated that the Ministry of BUMN has a long-term program to drive economic transformation in Indonesia, including renewable energy and mining downstreaming. Deputy Minister Kartika expressed hope that, in the next five years, besides Mandiri, BRI, Telkom, and Pertamina, other BUMNs such as Pelindo Group, In Journey, and MIND ID will also grow into large companies and potentially conduct IPOs. She emphasized focusing on BUMNs with significant size and good future prospects for the capital market. Additionally, investments in BUMNs will not only be through the capital market but also through private deals, with the involvement of the Indonesia Investment Authority (INA) in building a global investment ecosystem.

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