JCI Drops, Sri Mulyani Orders SOEs To Maintain Performance

Minister of Finance Sri Mulyani Indrawati advised State-Owned Enterprises (BUMN) to maintain good performance, responding to the weakening of the Composite Stock Price Index (IHSG).

"We advise SOEs, and later Danantara will manage SOEs, that the certainty of SOE management in a professional, transparent manner, as stated by President Prabowo Subianto, is a continuing principle," Sri Mulyani said at a press conference at the Directorate General of Taxes (DJP) office in Jakarta, quoted by Antara, Wednesday, March 19.

The Minister of Finance also emphasized that SOE management is responsible for being able to convey their performance to the public, so that people can put their trust in state-owned companies.

"If there are private companies that move enough today, of course it is specific about the company," he added.

In general, Sri Mulyani reminded that the foundations of companies that go public must continue to be reported to the market, so that the market has an assessment of a fair and good valuation.

"That's our common obligation," he said.

On Tuesday the IDX temporarily suspended trading system trading at 11:31 p.m. Jakarta Automated Trading System (JATS) time. Trading freeze was triggered by a decline in the Composite Stock Price Index (JCI) which reached more than 5 percent.

On the other hand, the Chief Executive of the Capital Market Supervisory, Financial Derivative Finance of the Financial Services Authority (OJK) Inarno Djajadi said that his party was preparing various policies (policy) as an effort to maintain the stability of the Composite Stock Price Index (JCI).

"We also give to fellow journalists that we have several policies that we will do," said Inarno at the Indonesia Stock Exchange (IDX) Building, Jakarta, Tuesday, March 18.

Inarno said that various policy efforts would be presented at the OJK Policy Response Press Conference to Anticipate Stock Trading Volatility at the IDX Main Hall, today, Wednesday, March 19.