Sabtu , 03 Juni 2017, 04:00 WIB

Sandiaga encourages BUMD to join stock exchange

Rep: Sri Handayani/ Red: Reiny Dwinanda
Republika/Agung Supriyanto
Jakarta Deputy Governor-elect, Sandiaga Uno, addresses his speech when opening the trade at Indonesia Stock Exchange (BEI), Jakarta, Friday (June 2).
Jakarta Deputy Governor-elect, Sandiaga Uno, addresses his speech when opening the trade at Indonesia Stock Exchange (BEI), Jakarta, Friday (June 2).

REPUBLIKA.CO.ID, JAKARTA – Jakarta Deputy Governor-elect Sandiaga Uno called on the regional-owned enterprises (BUMD) to access their own capital in stock exchange. It would help the enterprises to improve their management system. 

He said BUMD should be autonomous. It should not depend on state capital. “At the moment we would encourage the enterprises to join stock exchange under the management of Jakarta Government,” said Sandiaga in Indonesian Stock Exchange  (BEI) office in Jakarta on Friday (June 2). 

He was reluctant to tell media about the process in detail. He said it would impact on the performance of the enterprises. He said the capital access collaboration through BEI should be one of the priorities. 

According to Sandi, digital technology, transportation and infrastructure and energy were some potential sectors. He also encourages some smart cities element to start business. 

''I don’t come to the detail as we should wait the recommendation of synchronization team. And we should be careful as the regional-owned enterprises have had their business plan,” he said. 

Previously, the elected pair of Jakarta Governor and Deputy Governor made OK OCE Stock Center Program. There, the businessmen in Jakarta could be actively involved in capital market. 

The co-Founder of OK OCE Stock Center Henry Setiyadi said it was a positive program in the middle of lack Indonesian investors. Only with Rp 100 thousand, people could access their capital in this program. It would be a means of education for investors and local entrepreneurs to understand stock investments and the techniques of investing. 

Sandi said to make stock center in 44 districts. It was targeted to increase two percents of the number of capital market players in Indonesia during five years.