President Jokowi: We Should Be Grateful That There Will Be An Increase In The JCI In 2021, Above Singapore, Malaysia And The Philippines

President of the Republic of Indonesia, Joko Widodo. (Photo: Doc. BEI)

JAKARTA - Indonesian President Joko Widodo said that Indonesia should be grateful for the increase in the Composite Stock Price Index (JCI) and the number of investors. This was conveyed by the President at the Inauguration of the 2022 Indonesia Stock Exchange Trading Opening in Jakarta, Monday, January 3.

"We should also be grateful that the OJK Chair said that in the current stock exchange, there will be an increase in the JCI in 2021 with a return of 10.1 percent. This is a fairly high number," said President Jokowi, quoted from Antara.

The Head of State said that when compared to the Philippines, Malaysia and Singapore, Indonesia is still at the top.

"We are also still at the top. Singapore is at 9.8 (percent), Malaysia is minus 3.7 (percent), the Philippines is minus 0.2 percent, we are at 10.1 percent," the President said.

The President also said that Indonesia should be grateful because the number of people who entered the stock exchange and became capital market investors rose very high.

In 2017 the number of investors in the stock exchange was 1.1 million, but today the President said, based on the report of the Chairman of the Financial Services Authority, it has reached 7.4 million investors, mainly retail or individual investors, most of whom are young millennials.

"We hope that this will continue to grow and will provide a boost to our country's economic growth," he explained.