IDX Boss: Stable Capital Market Forms An Inclusive And Sustainable Economy

IDX (photo: Antara)

JAKARTA - The Indonesia Stock Exchange (IDX) stated that the advanced and stable Indonesian capital market will create inclusive and sustainable economic growth.

According to the President Director of PT Bursa Efek Indonesia (IDX) Iman Rachman, this must still be accompanied by good collaboration between the government, the business sector and the community.

"The capital market industry has a very important role to play in encouraging the country's economic growth," said Iman quoting Antara.

He explained that the Indonesian capital market since 2019 has been able to record accumulated fund raising of Rp479.42 trillion, on the other hand since the same period the banking sector recorded total outstanding loans of Rp5,142 trillion.

"This comparison shows that the capital market is an alternative to a competitive funding strategy," said Iman.

In addition, he continued, Indonesia's capital market contribution to the state is also reflected in the total tax value paid by the listed company, which is IDR 185.17 trillion, or around 26 percent of the total government revenue in 2023.

Then, the distribution of dividends by listed companies to investors also increased to IDR 366.6 trillion in 2023.

On the other hand, his party reminded the existence of opportunities and challenges that need to be faced by the Indonesian capital market.

He explained that several opportunities, including Indonesia as the sixth best ranked country in Southeast Asia in ease of doing business in 2020, as well as demographic bonuses from the fourth largest population in the world after China, India and the United States (US), which can be transformed into productive assets for the Indonesian economy in the future. future.

Then, several challenges, including the danger of a global economic slowdown, inflation and an increasing rate of interest rates, so as to reduce consumer purchasing power and investment in the tourism industry.

"As well as geopolitical tensions, especially in the Middle East which can affect commodity prices, inflation and Indonesia's economic growth in the long term," said Iman