Opening 2022 Stock Trading, President Jokowi Reveals A Number Of Challenges This Year

President Joko Widodo (Photo: Screenshot of the Presidential Secretariat Youtube)

JAKARTA - President Joko Widodo (Jokowi) officially opened 2022 stock trading in a simple ceremony on the Indonesia Stock Exchange (IDX). In his statement, the Head of State said that next year's economic journey would be marked by a number of dynamics.

"There will still be many challenges that we will face, such as the Omicron case, rising inflation, tapering off, scarcity of containers, and other countries experiencing energy shortages," he said through a virtual channel, Monday, January 3.

According to the President, this challenge is not an easy thing to overcome. However, he believes that with the spirit of hard work all obstacles will be overcome properly.

"We should also be grateful that in 2021 there will be a 10.1 percent increase in the JCI and this is a fairly high number. When compared to the Philippines, Malaysia, and Singapore (the increase in the JCI), we are still above them," he said.

Furthermore, the Head of State also welcomed the record of new investors in the capital market which shot higher than before.

“Earlier, the chairman of the OJK stated that in 2017 the number of investors was 1.1 million people. Today, the number has reached 7.4 million people, most of whom retail investors come from millennials," he said.

"Of course we hope that all of this will provide a boost to Indonesia's economic growth," concluded President Joko Widodo.