48 Years Of Capital Market, OJK Affirms Commitment To Strengthen National Economy

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK), Mahendra Siregar emphasized that the 48-year journey of the Indonesian Capital Market is an important milestone that shows its readiness and resilience in the face of various dynamics, both domestic and global.

"The 48-year journey of the Indonesian Capital Market, which has almost half a century, marks the readiness and resilience of our Capital Market to deal with various dynamics and this momentum is not only ceremonial but also historical reflections of the capital market's great contribution in supporting national economic growth," he said at the Trade Opening Ceremony in Context of 48 Years. Reactivated Indonesian Capital Market, Monday, August 11.

He said that amid global uncertainty, such as high interest rate policies in developed countries, increasing geopolitical tension, and Indonesia's trade risk was able to show solid economic resilience.

As for the second quarter of 2025, national economic growth was recorded at 5.12 percent year-on-year (yoy), reflecting the strong economic foundation of Indonesia.

Mahendra also highlighted the important role of the capital market in maintaining economic stability, although in the early and second quarters of this year it had been under pressure, the Indonesian capital market still showed good resilience and adaptability to various global challenges.

"This is proof that our capital market infrastructure is increasingly resilient in dealing with external turmoil and our shared commitment to maintaining stability and certainty even with external conditions that are not getting easier," he said.

Mahendra said that based on data as of Friday, August 8, 2025, the Composite Stock Price Index (IHSG) closed at 7,533.39, or strengthened by 6.41 percent year-to-date (ytd) with market capitalization also increased 9.88 percent to Rp13,555 trillion.

He added that in the 48th anniversary of the re-activation of the Indonesian Capital Market, the theme "Realizing an Independent, Sovereign, and Maju Bersama Economy" also emphasized a joint commitment in supporting the government's Asta Cita program, especially in strengthening the role of the capital market to encourage national economic independence.

He said that this was done by opening wider access to the community, strengthening economic sovereignty, and accelerating the transformation towards a prosperous, advanced, and modern Indonesia.

"This theme is also in line with the theme of Indonesia's independence anniversary this year, the sovereignty of the people of Indonesia's prosperous progress," he concluded.