REPUBLIKA.CO.ID, JAKARTA - The Indonesian Stock Exchange (IDX) prepares capital expenditure worth 60 billion IDR for this year to support development of Indonesian capital market industry. The fund is taken from internal cash of IDX and to be used to develop and educate both capital market internally and externally.
"About 50 percent of funds will be used to develop IDX trading system, to build infrastructure such as disaster management center and main engine. The rest will be used to educational programs for members of the exchange, investors, prospective investors and capital markets," Director of Finance and Human Resources at IDX, Hamdi Hassyarbaini said on Thursday.
During 2012, IDX recorded an increase in consolidated operating revenues of 712.44 billion IDR, followed by an increase in net profit of 218.09 billion IDR. President Director of IDX, Ito Warsito said IDX daily transactions during 2013 is quite high.
"On June 18, 2013, Indonesia's stock market daily transactions reached 6.9 trillion IDR or higher than the target market of 5.6 trillion IDR. Considering this condition, we are not going to revise the target," Warsito said.
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