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Stock markets plays ‘important role’ in infrastructure development: finance minister
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A man passes by the iconic round table on the trading floor of the Indonesian Stock Exchange (IDX). (thejakartapost.com/Wienda Parwitasari)
F
inance Minister Sri Mulyani Indrawati has highlighted the importance of capital markets in the government's efforts to expedite the construction of the country's infrastructure.
Amid weakening trends across several sectors such as mining, she noted that the financial sector continued to grow.
"Now it's about how we make the capital markets and financial institutions be effective channels and serve as bridges to real sector growth and job creation so that the economy has many growth machines," she said in her remarks during a commemoration event for the 39th year of the reactivation of the Indonesian Stock Exchange (IDX) in South Jakarta on Wednesday.
Stock markets, she added, should bridge financing sources and government projects. She expressed the hope that market authorities could work together with the government to support the latter's development programs.
The Jakarta Composite Index (JCI), the IDX's benchmark, has expanded by 18.45 percent so far this year, only lagging behind Thailand. It has recorded market capitalization growth of 29 percent year-to-date, the highest among other indexes, IDX data shows.
