TEMPO.CO, Jakarta - Financial Services Authority (OJK) chairman Muliaman Hadad expected that the capital market would be an alternative source of development fund this year.
“The capital market must be a place for corporations and state-owned companies to mobilize their funds,” Muliaman said at the Indonesian Stock Exchange on Monday, January 4.
Muliaman was convinced that the economy in 2016 would improve since the financial services industry and the capital market had managed to go through the dynamics and pressures in 2015. Such accomplishment, Muliaman added, would boost market makers’ commitment to attain higher achievements.
Muliaman revealed that the fund mobilization in 2015 from right issues increased by 20.8 percent to Rp117 trillion (US$8.4 billion). It was recorded that the total fund pooled from state bonds was Rp352 trillion (US$25.2 billion).
In 2015, Muliaman added, the government and the monetary authority had managed to maintain investors’ trust by issuing several policy packages.
Earlier on Monday morning, Muliaman accompanied President Joko “Jokowi” Widodo to open the capital market trading session. The Indonesian Composite Index was down by 0.26 percent to 4,581.
TRI ARTINING PUTRI