JCI 2020 Ends Below 6,000, OJK Chairman Wimboh Santoso: 2021 Will Be Stronger

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso said he was optimistic that the performance of the capital market in 2021 would be stronger. Even though at the close of 2020 the Composite Stock Price Index (IHSG) experienced a correction.

Furthermore, Wimboh said he was also confident that the capital market industry in 2021 would make good achievements later.

"This year's good achievement is a positive catalyst for the performance of the capital market in the next year and contributes to the revival of the Indonesian economy. Let us build optimism that after passing this test, we will be stronger and more resilient in facing the challenges ahead" he said, in the closing trading of shares of the Indonesia Stock Exchange (IDX) virtually, Wednesday, December 30.

Wimboh said that his party was working with the government, Bank Indonesia and LPS to always strive to prepare various policies and initiatives needed to maintain financial system stability and accelerate national economic recovery.

Wimboh said, the confidence of investors and capital market players in Indonesia's economic fundamentals and prospects as well as the integrity of the Indonesian capital market is very important for the development of the national capital market industry.

"We also want to appreciate all parties, including the government, Bank Indonesia, LPS, SRO and all players in the capital market industry for their good cooperation so far, because without good cooperation and coordination, these achievements cannot be realized," he said. .

In addition, Wimboh also appreciated the government's move to issue Law Number 9 of 2020 concerning Job Creation. According to him, this can help the performance of the capital market industry in the future, both in the form of fiscal incentives (both corporate income tax and dividend tax) as well as simplifying the process for issuing Regional Bonds.

"We believe that in the future this policy will stimulate corporations to go public and increase investor interest in investing in the national capital market so that it can add to our list of capital market achievements," he said.

Previously, the Indonesia Stock Exchange (IDX) recorded that 51 companies had conducted Initial Public Offerings (IPOs) and listed shares on the Indonesia Stock Exchange (IDX) as of December 30, 2020. Up to now, 713 companies have listed their shares on the IDX.

IDX President Director, Inarno Djajadi said, with this score, Indonesia is still the stock exchange with the highest number of IPOs when compared to other ASEAN countries.

"Indonesia is still the stock exchange with the highest number of IPOs in ASEAN," he said at the closing of the 2020 IDX Trade, Wednesday, December 30.