"The market is based on trust. In the market, fluctuations are normal. However, we observe improvements in law enforcement, along with restructuring, planning, and concepts regarding downstreaming," he pointed out.
According to Pasaribu, these steps are key factors the market will consider moving forward.
"If the government remains consistent in implementing all of this, I believe market trust will be restored," he said.
Regarding the weakening of the Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange (IDX), he explained that many factors, both domestic and global, influence the market.
However, he assured the public that the government is consistently planning and executing programs, as well as making efforts to accelerate and promote investment in downstreaming.
"Additionally, with (sovereign wealth fund) Danantara's involvement in various investment acceleration efforts, we fully realize that we have significant resources and market potential. Moreover, Indonesia holds a strategic position in the global market," he explained.
Meanwhile, Deputy Speaker of the House of Representatives (DPR) Sufmi Dasco Ahmad, along with DPR’s Commission XI Chair Muhamad Misbakhun and other legislators, visited the IDX building on Tuesday afternoon.
Misbakhun said that the visit was a form of support from the DPR for the IDX and the Indonesian capital market.
"We provide support to the Indonesia Stock Exchange," Misbakhun said.
On Tuesday, IDX temporarily halted trading at 11:19 Jakarta time, triggered by a drop of more than 5 percent in the IHSG.
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Translator: Aji, Kenzu
Editor: Anton Santoso
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