Indonesia’s economy grew by 5.12 percent year-on-year (yoy) in the first half of the year, a figure Mahendra said reflects the strong foundation of the national economy.
“Despite facing significant pressure in the second quarter and earlier this year, Indonesia’s capital market has continued to demonstrate resilience and a strong adaptability,” Mahendra stated during the 48th anniversary of the Indonesian Capital Market at the Indonesia Stock Exchange (IDX) in Jakarta on Monday.
He noted that this resilience underscores the increasing robustness of capital market infrastructure in absorbing external shocks, as well as the shared commitment to maintaining stability and certainty amid an increasingly challenging global environment.
As of Friday (August 8), the Jakarta Composite Index (JCI) closed at 7,533.39, marking a 6.41 percent year-to-date (ytd) increase, with market capitalization rising to Rp13,555 trillion (approximately US$870 billion).
On Monday morning, the index opened higher by 62.16 points, or 0.83 percent, to 7,595.55.
Meanwhile, the bond market also posted positive growth, with the Indonesia Composite Bond Index (ICBI) ending at 421.81, an increase of 7.42 percent.
Capital raised through the capital market so far this year reached Rp144.78 trillion, supported by 16 new listings. Another 13 companies are in the pipeline for public offerings, with a combined indicative value of Rp16.65 trillion.
Indonesia's corporate governance standards also received international recognition. At the 2025 ASEAN Corporate Governance Conference and Awards held in Malaysia this July, Indonesia recorded a nine percent increase in its national average score in the ASEAN Corporate Governance Scorecard (ACGS)—the highest improvement among ASEAN countries.
Four Indonesian issuers ranked among the Top 50 ASEAN companies, including two banks that placed in the top 10. The number of Indonesian firms classified under the ASEAN Asset Class also rose sharply, from nine to 23 companies.
Mahendra said this achievement reflects the tangible outcomes of OJK’s consistent initiatives in oversight and corporate governance development, aimed at promoting transparency, accountability, and sustainability, while further enhancing the global reputation of Indonesia’s capital market.
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Translator: Rizka, Azis Kurmala
Editor: Primayanti
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