JAKARTA - The sharp decline in the JCI that triggered trading halt was immediately responded to by the government. Coordinating Minister for the Economy Airlangga Hartarto stated that the JCI would be monitored and immediately discussed with OJK and related authorities.
"We will monitor the JCI and will be tightened, perhaps with OJK and others. Tomorrow is scheduled," said Airlangga at the Palace, Wednesday, January 28.
He said that the technical factor of MSCI was one of the triggers. In addition, the IDX was considered to need to conduct an evaluation according to MSCI's request. One of the highlights is the aspect of market transparency.
"Transparency is a requirement for all capital market organizers. It can be done with improvement mechanisms that have been practiced in many countries," he said.
Airlangga asked investors not to panic. "The stock is risky every day, some go up, some go down."
He also denied the news that foreign investors were fleeing and confirmed that market turmoil was not related to the Thomas Djiwandono issue.
On the other hand, Airlangga ensured that the tariff discussion with the United States was postponed to February only because of the schedule.
"There is no problem," he said.
Regarding the import of energy and mineral commodities, he said the mechanism had been discussed with the KPK. Risks and procedures had been conveyed, and all mechanisms were said to be ready. Commodities discussed include crude oil, LPG, and refined products. Negotiations are said to have been completed, just waiting for further scheduling.
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