*The Indonesia Investment Authority (INA) was launched last month with a target of managing $20 billion of assets, including some $5 billion the state will put into the fund this year.
* We have the first 24 (toll road) concessions that we are currently discussing with INA for coordination opportunity with a total equity value of around 37 trillion rupiah ($2.57 billion).
The US dollar has been weighed down by a string of soft labor market data, even as President Joe Biden's proposed $1.9 trillion spending package takes shape.
What the foreign exchange market is looking at in the short term, is the dollar is going to be weak despite progress in the economy because this country has a huge deficit problem.