\t\t\t\t\t\t\t\tJakarta (ANTARA) – President Prabowo Subianto has emphasized that Indonesia\u2019s economic fundamentals remain strong and assured investors of the government\u2019s commitment to transparent and fair investment practices.<\/p>\n
The message was conveyed by Coordinating Minister for Economic Affairs Airlangga Hartarto to maintain confidence in the national economy amid global challenges and recent domestic market turbulence.<\/p>\n
\u201cThis is the President\u2019s message to the capital market. Let me quote: \u2018To domestic investors, international partners, and all Indonesian people, Indonesia\u2019s economic fundamentals are strong and resilient,\u2019\u201d Hartarto said here on Saturday.<\/p>\n
He added that the government remains committed to supporting the improvement and development of the national capital market to create a transparent and competitive investment climate in line with investors\u2019 expectations.<\/p>\n
\u201cThe government firmly supports the national financial market and is committed to ensuring a transparent, fair, and world-class investment environment,\u201d Hartarto said, again quoting the President.<\/p>\n
The assurance came amid heightened volatility in Indonesia\u2019s capital market over the past week, following interim measures announced by MSCI related to its assessment of Indonesian-listed companies. The Jakarta Composite Index (IHSG) recorded a sharp decline over two consecutive trading days earlier this week.<\/p>\n
The situation led Indonesia Stock Exchange President Director Iman Rachman to announce his resignation on Friday. On the same day, four senior officials of the Financial Services Authority (OJK), including Chairman Mahendra Siregar and Vice Chairman Mirza Adityaswara, also submitted their resignations.<\/p>\n
To address the situation, the government announced a series of corrective measures, including accelerating the completion of Indonesia Stock Exchange regulations on demutualization.<\/p>\n
The move is seen as a key step toward improving transparency and preventing conflicts of interest in the country\u2019s capital market.<\/p>\n
Related news: Indonesia’s OJK weighs bank expansion, free float hike amid volatility<\/a><\/p>\n