BEI CEO Resigns, DPR Hopes Iman Rachman's Replacement to be More Professional

JAKARTA - Member of Commission XI of the Indonesian House of Representatives, M Hasanuddin Wahid, responded to the resignation of the President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, following market turmoil which caused the Composite Stock Price Index (JCI) to experience a trading halt for two consecutive days.

He hopes that the new CEO of the IDX, replacing Iman Rahman, will be more professional and credible.

Hasanuddin assessed that Iman Rahman's resignation was a form of responsibility and a nationalistic attitude in responding to the stressful market situation.

"That is the form of responsibility. I really respect the gentle attitude of Mr. Director General Iman in responding to the market turmoil that occurred," said Hasanuddin, Saturday, January 31.

The politician, who is familiarly called Cak Udin, emphasized that the JCI is the main benchmark for the condition of the market and the nation's economy which not only has an impact on domestic investors, but also reflects the international market's confidence in Indonesia.

Therefore, he emphasized, the stability and credibility of the IDX must be maintained very seriously.

The PKB legislator from the East Java District V also put great hope on the figure who will replace Iman Rahman as President Director of the IDX. He hopes that Iman Rahman's replacement will be more professional.

"We hope that Mr. Iman's replacement is a more professional figure, with integrity, and able to maintain the stability of the IDX, both in the eyes of the nation and internationally. The stock exchange is the face of our economy in front of the world," said Cak Udin.

The Secretary General of the PKB DPP added that in the future, strong, communicative leadership is needed, as well as being able to read global dynamics so that the prolonged trading halt incident does not recur.

"And does not erode public confidence in the Indonesian capital market," concluded Hasanuddin.