IDX Calls The Work System 4 Days Potentially Less JCI

IDX illustration (Photo: dock. Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) stated that the implementation of a four-day work system in a week has the potential to weaken the Composite Stock Price Index (JCI). This is because not many countries have implemented the system.

"For example, if we take a vacation while other exchanges open, if globally goes down during our holidays, for example, then when it opens the possibility of a direct decline," said Director of Trade and Regulation of Share Members of PT Bursa Efek Indonesia (IDX) Irvan Susandy quoting Antara.

If the system is implemented in Indonesia, he assesses that there will be adjustments related to the development of information and trade between the IDX and other countries that are still implementing five working days a week.

"If other countries have five working days/trade days, while Indonesia only has four days, there will be time to adjust the development of information and trading in big countries to our countries," said Irvan.

However, he ensured that it was necessary to conduct an in-depth study in advance regarding how much impact it had on trade in the Indonesian capital market, if the four-day working system in that week was implemented.

"If the impact on trading must be studied first, so that it can be found out how much it affects," said Irvan.

Previously, the Indonesian Consumers Foundation (YLKI) proposed to the government to implement a four-day work system within seven days or a week, as did Germany.

Chairman of the YLKI Daily Executive, Tulus Abadi, said that the implementation of the system is an effort to make workers in Indonesia more productive and happy.

Germany has started a four-day working period trial period in a week for 45 companies, where wages for workers have not changed despite reduced working days.

Four working days a week have also begun to be implemented by several companies in countries, including Belgium, the Netherlands, Denmark, Australia, and from Asia, Japan.