Foreign Investors Worried About Indonesia's Debt Maturing Exceeding Rp 800 Trillion

Foreign investors still tend to hold back their capital flows to the Indonesian stock market even though the composite stock price index (IHSG) has started to strengthen. One of the reasons is the concern over Indonesia's maturing debt in 2025, which has doubled to reach Rp 800 trillion.  

Capital market observer Irvin Patmadiwiria said that several positive catalysts have indeed encouraged the strengthening of the index in recent times. Consolidation in the domestic sector, including the results of the general meeting of shareholders (GMS) of several state-owned banks that distributed large dividends, has been a supporting factor. However, on the other hand, foreign investors are still taking a wait and see approach.  

"Capital inflow from foreign investors seems to still be held back and will not continue in significant amounts. They are still waiting for the government's steps in addressing the maturing debt which this year reaches around Rp 800 trillion, doubling from 2024 which was only Rp 400 trillion," said Irvin during the Investor Market Opening on Beritasatu TV, Wednesday (26/3/2025).