IDX Ready for ASEAN Economic Community
11 April 2014 11:50 WIB
TEMPO.CO, Jakarta - Indonesia Stock Exchange (IDX) president director Ito Warsito is certain that the Indonesian capital market is ready for the ASEAN Economic Community in 2015. He claimed that the use of technology in the Indonesian stock exchange is ahead of other ASEAN countries. "We are already using the straight-through processing technology," Ito said yesterday.
Ito said Indonesia is also pretty good in terms of issuers, citing Japan's huge automobile manufacturers who moved their industry from Thailand to Indonesia.
Finance Director of Matahari Putra Prima Tbk, Richard H. Setiadi, is also confident that the market will be ready for the AEC, as seen from the number of foreign investors flocking into the Indonesian capital market—allowing international practices to be applied in the domestic stock market. Nevertheless, Richard he admits there are still many improvements to be made.
Muliaman Hadad, chairman of the board of the Financial Services Authority (OJK), had said that the number of companies listed in the IDX is still below some countries in ASEAN.
"To date, we only have 489 issuers; far below Thailand with 588 issuers, Singapore's 774, and Malaysia's 899," he said.
TRI ARTINING PUTRI | FAIZ NASHRILLAH