REPUBLIKA.CO.ID, JAKARTA -- Indonesian capital market grew 13.21 percent per May 2, 2014, the second highest in Asia after Philippines (14.48 percent). Deputy Chairman of Financial Services Authority's Board of Commissioners, Rahmat Waluyanto announced it in a dialogue in Jakarta on Monday.
"Indonesian stock market grows faster than South Korea, China and Thailand," Waluyanto said, reported by Friska Yolandha.
However, OJK saw that Indonesian market capitalization was still lower than other regional countries. The value has reached 415 billion USD, smaller than Japan (4.5 trillion USD) and Hong Kong (3 trillion USD).
Indonesian capital market must be deepened as it has an important role in national economic growth to face ASEAN Economic Community (AEC). One of efforts is expanding domestic investors, which are 60 percent controlled by foreign investors. About 33 percent of buyers at bond market are foreign investors. OJK develops a mutual fund distribution to all financial sectors besides banking sector.
Indonesia still has a problem in term of issuers (489 listed companies), which are still below Malaysia and Singapore respectively 906 and 767 listed companies. Chief Executive of Capital Market Supervisory in OJK, Nurhaida said that OJK had prepared some facilities to prospective issuers, who wanted to submit the initial public offering (IPO) through online registration. OJK also facilitated right issue's procedure properly.
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