Apindo: The Indonesian Capital Market Still Has Many Challenges Even Though The Number Of Investors Has Reached 12.6 Million

Chairman of the Indonesian Employers' Association (Apindo) Shinta W Kamdani. (Theresia Agatha/VOI)

JAKARTA - Chairman of the Indonesian Employers' Association (Apindo) Shinta W Kamdani said that the capital market could trigger growth inclusion.

"The capital market plays a significant role in triggering growth inclusion, especially in the retail sector which has higher investment literacy," Shinta said at the opening of the 2024-2029 Investment Policy and Capital Market Dialogue agenda in Jakarta, Monday, January 8.

Shinta said, based on data from the Financial Services Authority (OJK), the number of retail investors in Indonesia had increased significantly throughout 2023.

"Also the number of Single Investor Identification (SID) is very fast in 2023 which has reached 12.16 million, an increase of almost 5 times in the last 4 years," he said.

Even so, Shinta did not deny that there is still a need for the right policies by future leaders in finding solutions in the midst of the challenges and dynamics of the Indonesian capital market, where the main challenge in 2024 is also related to global uncertainty related to political elements.

"Because we believe the new leaders have many opportunities for sustainability and perfect economic policy in line with the macroeconomic challenges and global changes we face," said Shinta.

Therefore, Shinta continued, this agenda is an opportunity to become a dialogue space between entrepreneurs and the presidential candidate team ahead of the democratic party in February 2024 to oversee the new leadership later.

"Because we believe the new leaders have many opportunities for sustainability and perfect economic policy in line with the macroeconomic challenges and global changes we face," said Shinta.

He hopes that this agenda will be the first step with the presidential team to define the right policies in finding solutions in the midst of the challenges and dynamics of the Indonesian capital market, where the main challenge this year is the uncertainty related to political elements as well.

"Political years are increasing the wait and see (for business actors) because investors need guarantees of legal certainty and direction of economic policy to make strategic decisions. Therefore, this is homework (PR) for us how to formulate the creation of liquidity, acceleration, added value of investors, and markets that are transparent to the company's performance," he added.