Ma'ruf Amin Please IDX No Longer Exclusive Owned By Big Corporations, But Friendly For MSMEs

Vice President of the Republic of Indonesia Ma'ruf Amin. (Photo: Doc. ANTARA)

JAKARTA - Vice President of the Republic of Indonesia Ma'ruf Amin hopes that the Indonesia Stock Exchange (IDX) can increase literacy in the community.

In addition, it can boost financing for all parties, including small investors, and Small and Medium Enterprises (SMEs) through the Indonesian capital market.

"Bursa is no longer exclusive to large corporations, but also funding-friendly for small and medium enterprises," he said at the opening of IDX trading in 2024, Tuesday, January 2.

In addition, Ma'ruf asked the IDX to no longer be exclusive to large corporations and not to be trapped in a comfort zone, but to make a breakthrough so that SMEs can gain access to financing from the capital market.

"We hope that this capital market will not only make big investors but also small investors or SMEs [looking for funds]," he added.

In addition, Ma'ruf asked all capital market stakeholders to increase literacy to the public. "Optimize and develop potential financing through the capital market by increasing literacy to the public," he said.

"Regarding public literacy, it should continue to be the work of the IDX through formal or informal education and investment literacy, it is closely related to investor decisions. Meanwhile, OJK has a crucial role in formulating policies that are inclusive and sustainable, and it is hoped that OJK can encourage equal access to finance, especially after capital," he continued.

According to Ma'ruf, the importance of synergy is to encourage larger IDX trading.

In addition, he advised all capital market stakeholders to improve trade performance and create a conducive and attractive ecosystem.

For information, the IDX will launch an acceleration board in 2020. The listing board accommodates SMEs and startup companies.

The company with assets under Rp250 billion is included in the acceleration board.

Until the end of 2023, there were 40 issuers who were included in the acceleration board and there were 17 companies with small assets listed on the IDX throughout 2023.

In the IDX pipeline, there are two small-scale companies queuing up to hold an initial public offering, aka Initial Public Offering (IPO) this year.