After Two Days of Market Turbulence, BEI President Director Iman Rachman Resigns

JAKARTA - The President Director of PT Bursa Efek Indonesia (BEI) Iman Rachman, officially resigned from his position.

Iman said that the resignation was a form of responsibility for the market conditions that occurred in the last two days.

Even though the market conditions on Friday morning, January 30 began to improve, he emphasized that the decision was made for the good of the Indonesian capital market.

"That I as the President Director of the Indonesia Stock Exchange and as a form of my responsibility for what happened two days ago, I resign as President Director of the Indonesia Stock Exchange," he said in a press conference, Friday, January 30.

Iman hopes that this step will be the best for the capital market and can encourage improvements in the future.

"I believe that this is my form of responsibility and as the President Director of the Indonesia Stock Exchange. Hopefully our index which opened this morning will continue to improve in the following days," he said.

Regarding the administrative process, Iman explained that all resignation mechanisms will be carried out in accordance with the provisions of the company's articles of association.

For the time being, he continued, the IDX will appoint the Acting President Director in accordance with the applicable rules until the new definitive President Director is established.