Initiating collaboration with digital-based local Micro, Small and Medium Enterprises (UMKM) to open GI DigitalManado (ANTARA) - The North Sulawesi Indonesia Stock Exchange (IDX) has set its sights on expanding the capital market in the province.
"In 2022, we will further expand the capital market for the entire society," Head of the North Sulawesi IDX, Mario Iroth, noted here on Friday.
Iroth remarked that this year, the North Sulawesi IDX will increase awareness and create innovative types of educational activities that involve local investors.
"We will seek cooperation with regional governments to disseminate regional bonds and capital market funding for regional governments," he revealed.
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Iroth spoke of the plan to increase the number of distribution channels by forging collaborations with high schools (SMA) in the establishment of GI Education.
"Initiating collaboration with digital-based local Micro, Small and Medium Enterprises (UMKM) to open GI Digital," he explained.
In 2021, the IDX Investment Gallery, specifically the IDX GI Trinita University, was established after which wider dissemination of information was conducted to several regional companies.
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"We held 12 meetings with companies and one joint workshop as well as 369 educational activities," he explained.
As of November 2021, the value of share transactions in North Sulawesi had reached Rp17.5 trillion, increasing by 326 percent, from Rp4.1 trillion in 2020. Meanwhile, the province also recorded significant growth in the number of capital market investors, especially during the January-November 2021 period, reaching 23,255 investors, or grew 82.93 percent.
"The number of capital market investors for stocks, bonds, mutual funds, and others in North Sulawesi grew by 23,255, or 82.93 percent, as compared to last year," Iroth stated.
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Translator: Katriana
Editor: Fardah Assegaf
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