OJK Urges SOEs to Enter Capital Markets
18 August 2015 15:08 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) is carrying out a series of activities to optimize the potential public shares offering for SOEs and their subsidiaries.
Nurhaida, OJK chief executive of capital market supervision, said that starting this year the government will increase the role of state-owned companies and their subsidiaries in a bid to stimulate economic growth.
To that end, SOEs and their subsidiaries will require long-term funding. The capital market is seen as the right place to look for long-term financing.
"We will encourage state enterprises to seek financing in the capital market. They require a lot of funding, whereas banking liquidity is limited," Nurhaida spoke in a seminar 'Optimizing the Potential of Public Offering for SOEs and Subsidiaries' held in Jakarta, Tuesday, August 18.
According to the OJK's data, there are only 33 SOEs and their subsidiaries that have listed their shares in the capital market. Twenty two of them are listed on the Indonesia Stock Exchange (IDX). These SOEs have a total capitalization of Rp423.3 trillion.
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