Airlangga and Purbaya Kompak Appreciate the Retirement of the CEO of the IDX

Coordinating Minister for the Economy Airlangga Hartarto (photo: dok. Antara)

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto appreciates Iman Rachman's resignation from the position of President Director of PT Bursa Efek Indonesia (BEI).

Airlangga emphasized that this step should be appreciated, but the government would still ensure the strengthening of governance (governance) in the future.

"Yes, of course, it is appreciated and but we must continue to maintain governance," he said in a press conference, Friday, January 30.

He stated that the government would continue to monitor the performance of the new management so as to pay more attention to the principles of good governance and implement the roadmap in accordance with the provisions of the Law on the Development and Strengthening of the Financial Sector (UU P2SK).

"Of course we see that in the future the government will monitor that its management will pay more attention to governance and implement the roadmap that already exists in the P2SK law," he explained.

Similarly, Minister of Finance Purbaya Yudhi assessed Iman Rachman's resignation as a positive step and a form of responsibility for the problems that occurred in the capital market.

According to him, the failure to follow up on the input and questions from MSCI is a fatal mistake that has an impact on a fairly deep market correction.

"I think it's positive as a form of his responsibility for the problems that arose in the exchange yesterday because he didn't follow up on the input or questions from MSCI. That was a fatal mistake there, so we experienced a deep correction yesterday," he explained.

He emphasized that if the problem is not immediately fixed, it has the potential to disrupt the stability of other sectors, including the national economy, which is being seriously improved.

"In fact, I really improved the economy yesterday, my customs people changed 34-35 people. Next week, maybe around 70 people, I will turn the tax people. Those who are caught, I will turn them to a quieter place. So we are making serious improvements," he said.

According to him, these steps are part of a comprehensive improvement of the economic foundation.

He added that the government would also continue to conduct regular evaluations, strengthen the Online Single Submission (OSS) system, and improve coordination with the central bank to ensure market liquidity is maintained to support the economic growth target of 6 percent this year.

Regarding the impact on the fiscal, Purbaya emphasized that the resignation of the President Director of the Indonesia Stock Exchange did not impose any burden on the state's finances.

However, he actually assessed this event as a positive signal for investors, both in the capital market and the real sector, that the government is able to handle the problem quickly and seriously.

"This means that investors in the capital market and in the real sector see that we handle the problem quickly and seriously. So those who were hesitant will definitely be more confident that the future direction will be better. So they will invest in the capital market and in the real sector, in FDI. Wow this is positive, if people who understand mah. If people who understand mah, bye, bye," he said.

He added that the mechanism and procedures related to the resignation and determination of the Acting were fully in accordance with the applicable provisions of the Indonesia Stock Exchange.