TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) is ready to help startups, mid-size companies, and companies located outside Jakarta to list their shares in the capital market. This effort is in line with the Financial Services Authority's (OJK) capital market policy, which was issued in July 2015.
IDX president director Tito Sulistio said that the capital market, serving as a means to mobilize long term funds, is not only designated for large firms and companies centered in the capital city.
"The capital market is also a place for small firms and firms located outside Jakarta like Papua, Aceh, Kalimantan, and the rest of Indonesia. This is our basic mission," he said in Bandung some time ago as quoted by Bisnis Indonesia.
Tito said the IDX will facilitate small and mid-scale companies to get listed by opening full office branches in several cities that will allow the companies to list.
He said that the IDX sees startups and mid-scale firms as a potential sector to trade on the exchange floor. To that end, the IDX authorities are preparing to activate a number of technical rules that will help these companies to get listed.
Tito also said that the IDX has an ambition to make Indonesia's capital market the biggest in the ASEAN region; with the largest number of listed companies, the highest market capitalization, and the biggest trading volume.
BISNIS | RR