Ministry of Finance of Republic of Indonesia : Vice President Opens The First Day of Trading in 2017

Jakarta, 03/01/2017 Kemenkeu - Vice President Jusuf Kalla officially opened the first day of trading in 2017 in Indonesia Stock Exchange Building, Jakarta on Tuesday (03/01). Vice President delivered several issues related to the recent global economic slowdown, further he expected a better economy condition in Indonesian this year.

'First, I would like to say Happy New Year 2017, may this year will lead to a better hope, though we are aware that the world is still in the slowdown,' said Vice President in his opening remark.

On the same occasion, the Minister of Finance Sri Mulyani Indrawati also delivered a speech. In her speech, minister wished that market players could improve the performance, both in terms of market capitalization and number of new go-public companies.

'Until the end of 2016, the Indonesia Stock Exchange (IDX) has already had 540 listed companies, compared to 524 companies from last year, or with only16 new issuers. This amount is the lowest in the last seven years,' she conveyed.

Furthermore, the minister said that the capital market can bridge and facilitate the public who need the instrument for investment, and provide an opportunity for entrepreneurs who need funds for expansion. Thus, minister expected the more companies or issuers in the stock market.

'Meanwhile, the market capitalization has reached more than Rp5,500 trillion. Therefore, we must contemplate as market capitalization rose sharply, yet only small amount of new company was listed. It is not a healthy indicator,' said minister. (anh/rsa)