Govt Wants 50 Companies to Go Public in 2018

Translator

Editor

1 January 1970 07:00 WIB

A man uses a mobile device in front of an electronic board showing the stock market index at the Indonesia Stock Exchange (IDX) in Jakarta, February 2, 2016. REUTERS/Beawiharta

TEMPO.CO, Jakarta - The government is targeting to have more companies listed publicly in the Indonesia Stock Exchange (IDX) this year. Last year, 37 companies were recorded to have held initial public offerings (IPO).

"We hope there will be more this year. Fifty if possible," Coordinating Minister for Economic Affairs Darmin Nasution said during the last closing bell ceremony at the IDX building in Jakarta last Friday. 

Darmin said having more public companies is an important indicator in the development of the capital market sector.

"The Jakarta Composite Index (JCI) is not the only important factor," he said. 

Meanwhile, the IDX is not keeping this year's IPO target the same as in 2017, which is 35 companies. Despite the modest target, the IDX believes that this year's economy will push more companies into listing their shares with the IDX, provided there is support from "sound economy and the government's infrastructure programs," IDX's director for assessment Samsul Hidayat said.

Meanwhile, IDX president director Tito Sulistio is targeting to have a market capitalization value of Rp10 trillion in two years.

The JCI closed 2017 with a 0.65 percent gain to 6,355.65. In 2017, the IDX recorded many achievements including a 44-percent increase in investors' number to 1.12 million. The investment value of domestic investors also rose to Rp340 trillion.

BUDIARTI UTAMI PUTRI | RETNO SULISTYOWATI  



Indonesia Stock Exchange to Start Developing Carbon Trading in 2023

27 hari lalu

Indonesia Stock Exchange to Start Developing Carbon Trading in 2023

The Indonesian Stock Exchange (IDX) will begin the development of a carbon trading system in 2023.


GoTo Shares Jump 18.34% on IPO Day

11 April 2022

GoTo Shares Jump 18.34% on IPO Day

GoTo, the company resulting from the merger of Gojek and Tokopedia, officially made an initial public offering (IPO) on the IDX today, April 11.


KPPU: Gojek-Tokopedia Merger Not Violate Business Competition

30 Maret 2022

KPPU: Gojek-Tokopedia Merger Not Violate Business Competition

The Business Competition Supervisory Commission (KPPU) said the merger of Gojek and Tokopedia into GoTo did not indicate a monopoly.


KPPU Finds Evidence of Alleged Cooking Oil Cartel Practices

28 Maret 2022

KPPU Finds Evidence of Alleged Cooking Oil Cartel Practices

KPPU launched further investigations into the alleged cartel practices in cooking oil.


Four Companies Set to Hold IPOs in IDX Today

6 Desember 2021

Four Companies Set to Hold IPOs in IDX Today

The Indonesia Stock Exchange (IDX) said that four companies will list their shares on Monday, December 6.


IDX Sets Daily Transaction Target at Rp13.5tn Next Year

14 September 2021

IDX Sets Daily Transaction Target at Rp13.5tn Next Year

So far this year, the IDX's average daily transaction value stand at Rp13.07 trillion.


Bukalapak Plans IPO; Aims at Rp21.9tn Proceeds

9 Juli 2021

Bukalapak Plans IPO; Aims at Rp21.9tn Proceeds

Indonesian e-commerce company Bukalapak has made an official announcement about its plan to go public.


Garuda Indonesia Now Only Operates 53 Planes

11 Juni 2021

Garuda Indonesia Now Only Operates 53 Planes

Garuda Indonesia decided to reduce the operation of its fleet again from 70 to 53 of its total 142 planes.


KPPU Probes Alleged Monopoly of Lobster Seeds Export Shipping

12 November 2020

KPPU Probes Alleged Monopoly of Lobster Seeds Export Shipping

The Business Competition Supervisory Commission (KPPU) detected an alleged monopoly on the shipping of lobster seeds export.


Jakarta Index Closes High over Good News on Covid-19 Vaccine

14 Juli 2020

Jakarta Index Closes High over Good News on Covid-19 Vaccine

At the Indonesia Stock Exchange (IDX), the index climbed over good news on the progress of the Covid-19 vaccine.