President optimistic of capital inflow increase in 2018

"We are optimistic as within a year in 2016, Rp126 trillion has already flown, while this year, it has been Rp124 trillion," Widodo said.
Jakarta (ANTARA News) - President Joko Widodo is optimistic that capital inflows into Indonesias capital market will increase in 2018.

"We are optimistic as within a year in 2016, Rp126 trillion has already flown, while this year, it has been Rp124 trillion," Widodo said here on Tuesday.

The Rp126 trillion amount was the total capital inflow to the market of state securities, stocks, and corporate bonds in 2016. The data was obtained from Financial Services Authority and the Ministry of Finance.

The president invited foreign entrepreneurs who have companies in the country to register themselves as market participants in the Indonesia Stock Exchange (BEI).

He also encouraged initial public offering (IPO) sale by state-owned enterprises (SOEs).

"We encourage, especially SOE subsidiaries, to list immediately because we need large financing to build the infrastructures as it is not possible to do all with credits," the president explained.

Jokowi also appreciated the increase of the Jakarta Composite Stock Price Index (IHSG).

"Our composite share price index has reached 5.9 thousand. The market believes that Indonesia has a good prospect to invest," he added.

The IHSG on Monday (July 3) closed up 80.52 points, or 1.38 percent to 5,910.23 points, while on Tuesday (July 4), it opened down 23.51 points, or 0.40 percent to 5,886.72 points.(*)

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