Ministry of Finance of Republic of Indonesia : Indonesia’s Stock Market is the 5th Best in the World

Jakarta, 04/01/2016 MoF - The performance of Indonesia's Stock Market was ranked 2 best in Asia-Pacific and the 5 best in the world by the end of 2016. According to Minister of Finance Sri Mulyani Indrawati, the good performance is supported by a number of factors such as the strengthening of the rupiah against the US dollar, the improvement of domestic economy, the recovery of the State Budget credibility, as well as the successful of Tax Amnesty program.

'For capital markets, our Tax Amnesty program is considered successful, providing positive momentum for the capital market in the 2nd half, this is a situation that a lot of issues globally generates sentiment on emerging and developing countries relatively under pressure,' the minister said in Jakarta, earlier this week.

Looking ahead, the Minister hopes the Indonesian capital market can resolve the issue of increasing the number of companies that can be listed. 'The additional issue in 2017 is to increase the number of companies that could go public or listed, because only 16 companies that made to get there in 2016. This is the lowest figure in the last 5 years,' said the minister.

The government will also coordinate with the Ministry of SOEs, to encourage its subsidiaries to be listed. 'We expect PMN Program in SOEs will increase SOEs' condition so that they are able to support the economic growth,' added the minister.(as/rsa)