OJK Hopes Capital Market More Mature, Ready to Face Competition
13 August 2017 15:26 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) hopes that Indonesia’s capital market, which is now 40 years old, would be more mature and more ready to face the global competition.
"With the supports in the form of adequate infrastructures, positive performance of issuers, regulators and all elements of the capital market,” I believe we can become one of the best capital markets in the world,” said OJK Chairman Wimboh Santoso in his remarks at the 40th commemoration of the Indonesia’s Capital Market in Jakarta on Sunday.
This year’s commemoration adopts the theme "New Steps in the Maturity of Capital Market".
Wimboh also hopes that Indonesian people can enjoy the positive impacts of the capital market.
On that occasion, Wimboh said that back in 1997, the Indonesian Composite Index (IHSG) was still at the level of 98.0i points, while in 11 August 2017, it has reached the level 5,766.13, rising by more than 5,000 percents.
In the meantime, he added that value of Indonesia’s capital market capitalization in 1977 amounted to Rp2.73 billion while as of 11 August 2017, it stood at Rp6,319.55 trillion.
"At the time, we could not imagine if our capital market would develop so rapidly and now our capital market has even begun to be on part with capital markets in developed countries, both in ASEAN and in the world,” he said.
ZUBI MAHROFI | ANTARA
